| Activity in Accumulated Other Comprehensive Income |
Activity in accumulated other comprehensive income for the year
ended December 31, 2013 and 2012 was as follows:
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Unrealized Gains
and Losses on
Available-for-Sale
Securities
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Unrealized Gains
and Losses on
Interest Rate
Swap
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Unrealized Gains
and Losses on
Interest-Only
Strip
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Tax(Expense)
Benefit |
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Total |
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(In
thousands) |
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For the year ended December 31 2013:
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Balance at beginning of period
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$ |
7,348 |
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$ |
— |
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$ |
16 |
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$ |
(1,946 |
) |
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$ |
5,418 |
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Other comprehensive (loss) income before reclassification
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(24,496 |
) |
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— |
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— |
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10,737 |
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(13,759 |
) |
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Reclassification from accumulated other comprehensive income
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(1,039 |
) |
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— |
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— |
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— |
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(1,039 |
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Period change
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(25,535 |
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— |
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— |
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10,737 |
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(14,798 |
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Balance at end of period
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$ |
(18,187 |
) |
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$ |
—
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$ |
16 |
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$ |
8,791 |
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$ |
(9,380 |
) |
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For the year ended December 31, 2012:
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Balance at beginning of period
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$ |
4,115 |
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$ |
(9 |
) |
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$ |
20 |
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$ |
(602 |
) |
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$ |
3,524 |
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Other comprehensive income (loss) before reclassification
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4,337 |
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9 |
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(4 |
) |
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(1,344 |
) |
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2,998 |
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Reclassification from accumulated other comprehensive income
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(1,104 |
) |
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— |
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— |
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— |
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(1,104 |
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Period change
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3,233 |
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9 |
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(4 |
) |
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(1,344 |
) |
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1,894 |
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Balance at end of period
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$ |
7,348 |
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$ |
—
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$ |
16 |
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$ |
(1,946 |
) |
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$ |
5,418 |
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