| Activity in Accumulated Other Comprehensive Income |
Activity in accumulated other comprehensive income for the three
months ended June 30, 2014 and 2013 was as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Unrealized Gains
and Losses on
Available-for-Sale
Securities |
|
|
Unrealized Gains
and Losses on
Interest-Only
Strip |
|
|
Tax (Expense)
Benefit |
|
|
Total |
|
| |
|
(In
thousands) |
|
|
For the three months ended June 30 2014:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period
|
|
$ |
(11,510 |
) |
|
$ |
17 |
|
|
$ |
5,984 |
|
|
$ |
(5,509 |
) |
|
Other comprehensive income (loss) before reclassification
|
|
|
6,340 |
|
|
|
— |
|
|
|
(2,617 |
) |
|
|
3,723 |
|
|
Reclassification from accumulated other comprehensive income
|
|
|
(364 |
) |
|
|
— |
|
|
|
— |
|
|
|
(364 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period change
|
|
|
5,976 |
|
|
|
— |
|
|
|
(2,617 |
) |
|
|
3,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
(5,534 |
) |
|
$ |
17 |
|
|
$ |
3,367 |
|
|
$ |
(2,150 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period
|
|
$ |
6,771 |
|
|
$ |
19 |
|
|
$ |
(1,695 |
) |
|
$ |
5,095 |
|
|
Other comprehensive (loss) income before reclassification
|
|
|
(5,553 |
) |
|
|
(2 |
) |
|
|
2,397 |
|
|
|
(3,158 |
) |
|
Reclassification from accumulated other comprehensive income
|
|
|
(303 |
) |
|
|
— |
|
|
|
— |
|
|
|
(303 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period change
|
|
|
(5,856 |
) |
|
|
(2 |
) |
|
|
2,397 |
|
|
|
(3,461 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
915 |
|
|
$ |
17 |
|
|
$ |
702 |
|
|
$ |
1,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Activity in accumulated other comprehensive income for the six
months ended June 30, 2014 and 2013 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Unrealized Gains
and Losses on
Available-for-Sale
Securities |
|
|
Unrealized Gains
and Losses on
Interest-Only
Strip |
|
|
Tax (Expense)
Benefit |
|
|
Total |
|
| |
|
(In
thousands) |
|
|
For the six months ended June 30 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period
|
|
$ |
(18,187 |
) |
|
$ |
16 |
|
|
$ |
8,791 |
|
|
$ |
(9,380 |
) |
|
Other comprehensive income (loss) before reclassification
|
|
|
14,438 |
|
|
|
1 |
|
|
|
(5,424 |
) |
|
|
9,015 |
|
|
Reclassification from accumulated other comprehensive income
|
|
|
(1,785 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,785 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period change
|
|
|
12,653 |
|
|
|
1 |
|
|
|
(5,424 |
) |
|
|
7,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
(5,534 |
) |
|
$ |
17 |
|
|
$ |
3,367 |
|
|
$ |
(2,150 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period
|
|
$ |
7,348 |
|
|
$ |
16 |
|
|
$ |
(1,946 |
) |
|
$ |
5,418 |
|
|
Other comprehensive (loss) income before reclassification
|
|
|
(6,121 |
) |
|
|
1 |
|
|
|
2,648 |
|
|
|
(3,472 |
) |
|
Reclassification from accumulated other comprehensive income
|
|
|
(312 |
) |
|
|
— |
|
|
|
— |
|
|
|
(312 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period change
|
|
|
(6,433 |
) |
|
|
1 |
|
|
|
2,648 |
|
|
|
(3,784 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
915 |
|
|
$ |
17 |
|
|
$ |
702 |
|
|
$ |
1,634 |
|
|
|
|
|
|
|
|
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|