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Changes In Accumulated Other Comprehensive Income (Loss) By Component (Notes)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Shareholders' Equity
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT (1)

The following tables present the changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2014 and 2013.

 
 
Unrealized Gains
 
 
 
 
 
 
(Losses) on Available-
 
Unrealized Losses on
 
 
(amounts in thousands)
 
for-sale Securities (2)
 
Cash Flow Hedges
 
Total
Balance, January 1, 2013
 
$
1,064

 
$
—

 
$
1,064

     Other comprehensive loss before reclassifications
 
(8,354
)
 
—

 
(8,354
)
     Amounts reclassified from accumulated other
 
 
 
 
 
 
          comprehensive income to net income (3)
 
(828
)
 
—

 
(828
)
     Net current-period other comprehensive loss
 
(9,182
)
 
—

 
(9,182
)
Balance, December 31, 2013
 
(8,118
)
 
—

 
(8,118
)
     Other comprehensive income (loss) before
 
 
 
 
 
 
          reclassifications
 
11,334

 
(1,264
)
 
10,070

     Amounts reclassified from accumulated other
 
 
 
 
 
 
          comprehensive income to net income (3)
 
(2,074
)
 
—

 
(2,074
)
     Net current-period other comprehensive
 
 
 
 
 
 
          income (loss)
 
9,260

 
(1,264
)
 
7,996

Balance, December 31, 2014
 
$
1,142

 
$
(1,264
)
 
$
(122
)

(1) All amounts are net of tax. Amounts in parentheses indicate reductions to accumulated other comprehensive income.
(2) Includes immaterial gains or losses on foreign currency items.
(3) Reclassification amounts are reported as gains on sales of investment securities on the Consolidated Statements of Income.
SHAREHOLDERS’ EQUITY
In May 2014, the Bancorp announced that its Board of Directors had declared a 10% stock dividend to all shareholders of record as of May 27, 2014. This special dividend was paid on June 30, 2014 in the form of an aggregate of 2,429,375 additional shares.
In November 2013, the Bancorp announced that its Board of Directors had authorized a stock repurchase plan in which it could acquire up to 5% of its current outstanding shares at prices not to exceed a 20% premium over the current book value. The repurchase program may be suspended, modified or discontinued at any time, and the Bancorp has no obligation to repurchase any amount of its common stock under the program. There was no stock repurchased during 2014 or 2013.
At December 31, 2014, there were warrants outstanding to purchase 635,274 shares of the Bancorp’s common stock. At December 31, 2013, there were warrants outstanding to purchase 635,820 shares of the Bancorp’s common stock. The purchase prices at December 31, 2014 and 2013 ranged from $9.55 per share to $73.01 per share.