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Accumulated Other Comprehensive Loss ("AOCL")
 9 Months Ended
Sep. 30, 2019
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
(Losses) on
Cash Flow
Hedges
  
Total
 
  
(In thousands)
 
For the three months ended September 30,
            
2019
            
Balances at beginning of period
 
$
3,040
  
$
(5,798
)
 
$
(1,673
)
 
$
(4,431
)
Other comprehensive income (loss) before reclassifications
  
1,196
   
-
   
(58
)
  
1,138
 
Amounts reclassified from AOCL
  
-
   
-
   
(80
)
  
(80
)
Net current period other comprehensive income (loss)
  
1,196
   
-
   
(138
)
  
1,058
 
Balances at end of period
 
$
4,236
  
$
(5,798
)
 
$
(1,811
)
 
$
(3,373
)
                 
2018
                
Balances at beginning of period
 
$
(4,437
)
 
$
(5,798
)
 
$
1,021
  
$
(9,214
)
Other comprehensive income (loss) before reclassifications
  
(925
)
  
-
   
307
   
(618
)
Amounts reclassified from AOCL
  
-
   
-
   
(57
)
  
(57
)
Net current period other comprehensive income (loss)
  
(925
)
  
-
   
250
   
(675
)
Balances at end of period
 
$
(5,362
)
 
$
(5,798
)
 
$
1,271
  
$
(9,889
)
                 
For the nine months ended September 30,
                
2019
                
Balances at beginning of period
 
$
(4,185
)
 
$
(5,798
)
 
$
(125
)
 
$
(10,108
)
Other comprehensive income (loss) before reclassifications
  
8,529
   
-
   
(1,376
)
  
7,153
 
Amounts reclassified from AOCL
  
(108
)
  
-
   
(310
)
  
(418
)
Net current period other comprehensive income (loss)
  
8,421
   
-
   
(1,686
)
  
6,735
 
Balances at end of period
 
$
4,236
  
$
(5,798
)
 
$
(1,811
)
 
$
(3,373
)
                 
2018
                
Balances at beginning of period
 
$
(470
)
 
$
(5,798
)
 
$
269
  
$
(5,999
)
Other comprehensive income (loss) before reclassifications
  
(4,928
)
  
-
   
1,106
   
(3,822
)
Amounts reclassified from AOCL
  
36
   
-
   
(104
)
  
(68
)
Net current period other comprehensive income (loss)
  
(4,892
)
  
-
   
1,002
   
(3,890
)
Balances at end of period
 
$
(5,362
)
 
$
(5,798
)
 
$
1,271
  
$
(9,889
)

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. Release of material disproportionate tax effects from other comprehensive income to earnings is done by the portfolio method whereby the effects will remain in AOCL as long as we carry a more than inconsequential portfolio of securities available for sale.

A summary of reclassifications out of each component of AOCL for the three months ended September 30 follows:

AOCL Component
 
Amount
Reclassified
From
AOCL
 
 Affected Line Item in Condensed
 Consolidated Statements of Operations
  
(In thousands)
  
2019
     
Unrealized gains (losses) on securities available for sale
     
  
$
-
 
Net gains (losses) on securities
   
-
 
Net impairment loss recognized in earnings
   
-
 
Total reclassifications before tax
   
-
 
Income tax expense
  
$
-
 
Reclassifications, net of tax
        
Unrealized gains (losses) on cash flow hedges
      
  
$
(102
)
Interest expense
   
(22
)
Income tax expense
  
$
(80
)
Reclassification, net of tax
        
  
$
80
 
Total reclassifications for the period, net of tax
        
2018
      
Unrealized gains (losses) on securities available for sale
      
  
$
-
 
Net gains (losses) on securities
   
-
 
Net impairment loss recognized in earnings
   
-
 
Total reclassifications before tax
   
-
 
Income tax expense
  
$
-
 
Reclassifications, net of tax
        
Unrealized gains (losses) on cash flow hedges
      
  
$
(73
)
Interest expense
   
(16
)
Income tax expense
  
$
(57
)
Reclassification, net of tax
        
  
$
57
 
Total reclassifications for the period, net of tax

A summary of reclassifications out of each component of AOCL for the nine months ended September 30 follows:

AOCL Component
 
Amount
Reclassified
From
AOCL
 
 Affected Line Item in Condensed
 Consolidated Statements of Operations
  
(In thousands)
  
2019
     
Unrealized gains (losses) on securities available for sale
     
  
$
137
 
 Net gains (losses) on securities
   
-
 
 Net impairment loss recognized in earnings
   
137
 
 Total reclassifications before tax
   
29
 
 Income tax expense
  
$
108
 
 Reclassifications, net of tax
        
Unrealized gains (losses) on cash flow hedges
      
  
$
(393
)
 Interest expense
   
(83
)
 Income tax expense
  
$
(310
)
 Reclassification, net of tax
        
  
$
418
 
 Total reclassifications for the period, net of tax
        
2018
      
Unrealized gains (losses) on securities available for sale
      
  
$
(45
)
 Net gains (losses) on securities
   
-
 
 Net impairment loss recognized in earnings
   
(45
)
 Total reclassifications before tax
   
(9
)
 Income tax expense
  
$
(36
)
 Reclassifications, net of tax
        
Unrealized gains (losses) on cash flow hedges
      
  
$
(132
)
 Interest expense
   
(28
)
 Income tax expense
  
$
(104
)
 Reclassification, net of tax
        
  
$
68
 
 Total reclassifications for the period, net of tax