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Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2014
Accumulated Other Comprehensive Loss [Abstract]  
Schedule of accumulated other comprehensive income (loss)
16.Accumulated Other Comprehensive Loss (“AOCL”)

A summary of changes in AOCL follows (1):

 
 
  
Dispropor-
  
  
  
  
 
 
 
  
tionate
  
  
  
Dispropor-
  
 
 
 
Unrealized
  
Tax Effects
  
  
  
tionate
  
 
 
 
Losses on
  
from
  
Unrealized
  
Unrealized
  
Tax Effects
  
 
 
 
Available
  
Securities
  
Losses on
  
Losses on
  
from Cash
  
 
 
 
for Sale
  
Available
  
Cash Flow
  
Settled
  
Flow
  
 
 
 
Securities
  
for Sale
  
Hedges
  
Derivatives
  
Hedges
  
Total
 
For the three months ended March 31,
  
  
(In thousands)
  
  
 
2014
 
  
  
  
  
  
 
Balances at beginning of period
 
$
(3,200
)
 
$
(5,798
)
 
$
-
  
$
(247
)
 
$
-
  
$
(9,245
)
Other comprehensive income before reclassifications
  
1,539
   
-
   
-
   
-
   
-
   
1,539
 
Amounts reclassified from AOCL
  
-
   
-
   
-
   
62
   
-
   
62
 
Net current period other comprehensive income
  
1,539
   
-
   
-
   
62
   
-
   
1,601
 
Balances at end of period
 
$
(1,661
)
 
$
(5,798
)
 
$
-
  
$
(185
)
 
$
-
  
$
(7,644
)
 
                        
For the three months ended March 31,
                     
2013
                        
Balances at beginning of period
 
$
(516
)
 
$
(5,617
)
 
$
(739
)
 
$
-
  
$
(1,186
)
 
$
(8,058
)
Other comprehensive income (loss) before reclassifications
  
1,007
   
-
   
(3
)
  
-
   
-
   
1,004
 
Amounts reclassified from AOCL
  
7
   
-
   
94
   
-
   
-
   
101
 
Net current period other comprehensive income
  
1,014
   
-
   
91
   
-
   
-
   
1,105
 
Balances at end of period
 
$
498
  
$
(5,617
)
 
$
(648
)
 
$
-
  
$
(1,186
)
 
$
(6,953
)

(1) 2014 amounts are presented net of tax as we removed substantially all of the valuation allowance on our deferred tax assets during the second quarter of 2013 (see Note #10).
Summary of reclassifications out of each component of AOCL
A summary of reclassifications out of each component of AOCL for the three months ended March 31 follows:

 
 
Amount
 
 
 
 
Reclassified
 
 
 
 
From
 
Affected Line Item in Condensed
AOCL Component
 
AOCL
 
Consolidated Statements of Operations
 
 
(In thousands)
 
 
2014
   
  
Unrealized losses on available for sale securities
   
  
 
 
$
-
 
Net gains on securities
 
  
-
 
Net impairment loss recognized in earnings
 
  
-
 
Total reclassifications before tax
 
  
-
 
Tax expense (benefit)
 
 
$
-
 
Reclassifications, net of tax
 
    
   
Unrealized losses on settled derivatives
    
  
 
 
$
95
 
Interest expense
 
  
33
 
Tax expense (benefit)
 
 
$
62
 
Reclassification, net of tax
 
    
   
 
 
$
62
 
Total reclassifications for the period, net of tax
 
    
   
2013
    
  
Unrealized losses on available for sale securities
    
  
 
 
$
(7
)
Net gains on securities
 
  
-
 
Net impairment loss recognized in earnings
 
  
(7
)
Total reclassifications before tax
 
  
-
 
Tax expense (benefit)
 
 
$
(7
)
Reclassifications, net of tax
 
    
   
Unrealized losses on cash flow hedges
    
  
 
 
$
(94
)
Interest expense
 
  
-
 
Tax expense (benefit)
 
 
$
(94
)
Reclassification, net of tax
 
    
   
 
 
$
(101
)
Total reclassifications for the period, net of tax