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Accumulated Other Comprehensive Loss ("AOCL")
 9 Months Ended
Sep. 30, 2017
Accumulated Other Comprehensive Loss ("AOCL") [Abstract]  
Accumulated Other Comprehensive Loss ("AOCL")
14.
Accumulated Other Comprehensive Loss (“AOCL”)

A summary of changes in AOCL follows:
 
  
Unrealized
Gains
(Losses) on
Securities
Available
for Sale
  
Dispropor-
tionate
Tax Effects
from
Securities
Available
for Sale
  
Unrealized
Gains on
Cash Flow
Hedges
  
Total
 
     
(In thousands)
       
For the three months ended September 30, 
            
2017            
Balances at beginning of period
 
$
1,986
  
$
(5,798
)
 
$
-
  
$
(3,812
)
Other comprehensive income before reclassifications
  
95
   
-
   
62
   
157
 
Amounts reclassified from AOCL
  
(5
)
  
-
   
3
   
(2
)
Net current period other comprehensive income
  
90
   
-
   
65
   
155
 
Balances at end of period
 
$
2,076
  
$
(5,798
)
 
$
65
  
$
(3,657
)
                 
2016
                
Balances at beginning of period
 
$
2,515
  
$
(5,798
)
 
$
-
  
$
(3,283
)
Other comprehensive income before reclassifications
  
278
   
-
   
-
   
278
 
Amounts reclassified from AOCL
  
(10
)
  
-
   
-
   
(10
)
Net current period other comprehensive income
  
268
   
-
   
-
   
268
 
Balances at end of period
 
$
2,783
  
$
(5,798
)
 
$
-
  
$
(3,015
)
                 
For the Nine months ended September 30,
                
2017                
Balances at beginning of period
 
$
(3,310
)
 
$
(5,798
)
 
$
-
  
$
(9,108
)
Cumulative effect of change in accounting
  
300
   
-
   
-
   
300
 
Balances at beginning of period, as adjusted
  
(3,010
)
  
(5,798
)
  
-
   
(8,808
)
Other comprehensive income before reclassifications
  
5,167
   
-
   
62
   
5,229
 
Amounts reclassified from AOCL
  
(81
)
  
-
   
3
   
(78
)
Net current period other comprehensive income
  
5,086
   
-
   
65
   
5,151
 
Balances at end of period
 
$
2,076
  
$
(5,798
)
 
$
65
  
$
(3,657
)
                 
2016
                
Balances at beginning of period
 
$
(238
)
 
$
(5,798
)
 
$
-
  
$
(6,036
)
Other comprehensive income before reclassifications
  
3,215
   
-
   
-
   
3,215
 
Amounts reclassified from AOCL
  
(194
)
  
-
   
-
   
(194
)
Net current period other comprehensive income
  
3,021
   
-
   
-
   
3,021
 
Balances at end of period
 
$
2,783
  
$
(5,798
)
 
$
-
  
$
(3,015
)

We adopted ASU 2017-08 during the first quarter of 2017 using a modified retrospective approach.  As a result, accumulated other comprehensive loss as of January 1, 2017 was adjusted by $0.30 million (see note #2).
 
The disproportionate tax effects from securities available for sale arose due to tax effects of other comprehensive income (“OCI”) in the presence of a valuation allowance against our deferred tax assets and a pretax loss from operations.  Generally, the amount of income tax expense or benefit allocated to operations is determined without regard to the tax effects of other categories of income or loss, such as OCI. However, an exception to the general rule is provided when, in the presence of a valuation allowance against deferred tax assets, there is a pretax loss from operations and pretax income from other categories in the current period.  In such instances, income from other categories must offset the current loss from operations, the tax benefit of such offset being reflected in operations.

A summary of reclassifications out of each component of AOCL for the three months ended September 30 follows:
 
  
Amount
Reclassified
From
 
 Affected Line Item in Condensed
AOCL Component
 
AOCL
 
 Consolidated Statements of Operations
  
(In thousands)
  
2017
     
Unrealized gains on securities available for sale
     
  
$
8
 
 Net gains on securities
   
-
 
 Net impairment loss recognized in earnings
   
8
 
 Total reclassifications before tax
   
3
 
 Income tax expense
  
$
5
 
 Reclassifications, net of tax
        
Unrealized gains on cash flow hedges
      
  
$
(5
)
 Interest expense
   
(2
)
 Income tax expense
  
$
(3
)
 Reclassification, net of tax
        
  
$
2
 
 Total reclassifications for the period, net of tax
        
2016
      
Unrealized gains on securities available for sale
      
  
$
15
 
 Net gains on securities
   
-
 
 Net impairment loss recognized in earnings
   
15
 
 Total reclassifications before tax
   
5
 
 Income tax expense
  
$
10
 
 Reclassifications, net of tax
 
A summary of reclassifications out of each component of AOCL for the nine months ended September 30 follows:
 
  
Amount
Reclassified
From
 
 Affected Line Item in Condensed
AOCL Component
 
AOCL
 
 Consolidated Statements of Operations
  
(In thousands)
  
2017
     
Unrealized gains on securities available for sale
     
  
$
125
 
 Net gains on securities
   
-
 
 Net impairment loss recognized in earnings
   
125
 
 Total reclassifications before tax
   
44
 
 Income tax expense
  
$
81
 
 Reclassifications, net of tax
        
      
Unrealized gains on cash flow hedges
      
  
$
(5
)
 Interest expense
   
(2
)
 Income tax expense
  
$
(3
)
 Reclassification, net of tax
        
  
$
78
 
 Total reclassifications for the period, net of tax
        
2016
      
Unrealized gains on securities available for sale
      
  
$
298
 
 Net gains on securities
   
-
 
 Net impairment loss recognized in earnings
   
298
 
 Total reclassifications before tax
   
104
 
 Income tax expense
  
$
194
 
 Reclassifications, net of tax