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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Reclassification out of Accumulated Other Comprehensive Income The following table presents a summary of the amounts reclassified from accumulated other comprehensive income/ (loss) for the three months ended March 31, 2019 and 2018:
Description of component of accumulated other comprehensive income/ (loss)
 
Three months ended March 31,
 
Affected line item in
Statement of Operations
 
2019
 
2018
 
 
 
(In thousands)
 
 
Hedges related to deposits and borrowings:
 
 
 
 
 
 
Pre-tax
 
$
311

 
$
21

 
Interest (income)/ expense
Tax expense/ (benefit)
 
91

 
7

 
Income tax expense/ (benefit)
Net
 
$
220

 
$
14

 
Net (income)/ loss attributable to the Company
Total reclassifications for the period, net of tax
 
$
220

 
$
14

 
 
Schedule of Accumulated Other Comprehensive Income (Loss) On January 1, 2018, the Company elected to early adopt ASU No. 2017-12. As a result, the Company reclassified unrealized losses on cash flow hedges of $5 thousand from accumulated other comprehensive income/ (loss) to beginning retained earnings.
On January 1, 2018, the Company adopted ASU No. 2016-01. As a result, the Company reclassified unrealized gains on equity securities available-for-sale, net of tax, of $339 thousand from accumulated other comprehensive income/ (loss) to beginning retained earnings.
 
Components of accumulated other comprehensive income/ (loss)
 
 
 
Unrealized
gain/ (loss)
on securities
available-for-sale
 
Unrealized
gain/ (loss)
on cash flow
hedges
 
Unrealized
gain/ (loss)
on other
 
Accumulated
other
comprehensive
income/ (loss)
 
(In thousands)
Balance at December 31, 2017
$
(8,140
)
 
$
332

 
$
(850
)
 
$
(8,658
)
Other comprehensive income/ (loss) before reclassifications
(12,895
)
 
588

 

 
(12,307
)
Reclassified from other comprehensive income/ (loss)

 
(14
)
 

 
(14
)
Other comprehensive income/ (loss), net
(12,895
)
 
574

 

 
(12,321
)
Reclassification from the adoption of ASUs 2017-12 and 2016-01
$
(339
)
 
$
5

 
$

 
$
(334
)
Balance at March 31, 2018
$
(21,374
)
 
$
911

 
$
(850
)
 
$
(21,313
)
 
 
 
 
 
 
 
 
Balance at December 31, 2018
$
(17,556
)
 
$
391

 
$
(554
)
 
$
(17,719
)
Other comprehensive income/ (loss) before reclassifications
11,568

 
(27
)
 

 
11,541

Reclassified from other comprehensive income/ (loss)

 
(220
)
 

 
(220
)
Other comprehensive income/ (loss), net
11,568

 
(247
)
 

 
11,321

Balance at March 31, 2019
$
(5,988
)
 
$
144

 
$
(554
)
 
$
(6,398
)