Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss)

v3.8.0.1
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Activity in accumulated other comprehensive income for the year ended December 31, 2017, 2016 and 2015 was as follows:
 
Unrealized Gains
and Losses on
Available-for-Sale
Securities
 
Unrealized Gains
and Losses on
Interest-Only
Strip
 
Tax Benefit
(Expense)
 
Total
 
 
 
(In thousands)
 
 
For the year ended December 31, 2017
 
 
 
 
 
 
 
Balance at beginning of period
$
(4,089
)
 
$
—

 
$
1,695

 
$
(2,394
)
Other comprehensive loss before reclassification
2,649

 
—

 
(376
)
 
$
2,273

Reclassification from accumulated other comprehensive loss
(1,748
)
 
—

 
—

 
$
(1,748
)
Period change
901

 
—

 
(376
)
 
$
525

Balance at end of period
$
(3,188
)

$
—


$
1,319


$
(1,869
)
 
 
 
 
 
 
 
 
For the year ended December 31, 2016
 
 
 
 
 
 
 
Balance at beginning of period
$
(2,331
)
 
$
9

 
$
2,007

 
$
(315
)
Other comprehensive loss before reclassification
(1,712
)
 
(9
)
 
(312
)
 
$
(2,033
)
Reclassification from accumulated other comprehensive income
(46
)
 
—

 
—

 
$
(46
)
Period change
(1,758
)
 
(9
)
 
(312
)
 
(2,079
)
Balance at end of period
$
(4,089
)

$
—


$
1,695


$
(2,394
)
 
 
 
 
 
 
 
 
For the year ended December 31, 2015
 
 
 
 
 
 
 
Balance at beginning of period
$
(985
)
 
$
16

 
$
1,432

 
$
463

Other comprehensive (loss) income before reclassification
5,265

 
(7
)
 
575

 
$
5,833

Reclassification from accumulated other comprehensive loss
(6,611
)
 


 
—

 
$
(6,611
)
Period change
(1,346
)
 
(7
)
 
575

 
(778
)
Balance at end of period
$
(2,331
)

$
9


$
2,007


$
(315
)

For the year ended December 31, 2017, there was a $1.7 million reclassification from accumulated other comprehensive income to gains in earnings resulting from the redemption and sale of available-for-sale securities. The $1.7 million reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of securities in noninterest income. Net unrealized losses of $1.3 million related to these sold securities had previously been recorded in accumulated other comprehensive income or loss.
For the year ended December 31, 2016, there was a $46 thousand reclassification from accumulated other comprehensive income to gains in earnings resulting from the redemption and sale of available-for-sale securities. The $46 thousand reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of securities in noninterest income. Net unrealized gains of $314 thousand related to these sold securities had previously been recorded in accumulated other comprehensive income.
For the year ended December 31, 2015, there was a $6.6 million reclassification from accumulated other comprehensive income or loss to gains in earnings resulting from the redemption and sale of available-for-sale securities. The $6.6 million reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of securities in noninterest income. Net unrealized losses of $1.9 million related to these sold securities had previously been recorded in accumulated other comprehensive income.