| Activity in Accumulated Other Comprehensive Income |
Activity in accumulated other comprehensive income for the six months ended June 30, 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) |
June 30, 2016 |
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
(2,331 |
) |
|
$ |
9 |
|
|
$ |
2,007 |
|
|
$ |
(315 |
) |
Other comprehensive income |
16,147 |
|
|
(9 |
) |
|
(6,702 |
) |
|
9,436 |
|
Balance at end of period |
$ |
13,816 |
|
|
$ |
— |
|
|
$ |
(4,695 |
) |
|
$ |
9,121 |
|
|
|
|
|
|
|
|
|
June 30, 2015 |
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
(985 |
) |
|
$ |
16 |
|
|
$ |
1,432 |
|
|
$ |
463 |
|
Other comprehensive income before reclassification |
4,002 |
|
|
— |
|
|
54 |
|
|
4,056 |
|
Reclassification from accumulated other comprehensive income |
(4,096 |
) |
|
— |
|
|
— |
|
|
(4,096 |
) |
Period change |
(94 |
) |
|
— |
|
|
54 |
|
|
(40 |
) |
Balance at end of period |
$ |
(1,079 |
) |
|
$ |
16 |
|
|
$ |
1,486 |
|
|
$ |
423 |
|
Activity in accumulated other comprehensive income for the three months ended June 30, 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) |
June 30, 2016 |
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
7,392 |
|
|
$ |
9 |
|
|
$ |
(2,037 |
) |
|
$ |
5,364 |
|
Other comprehensive income (loss) |
6,424 |
|
|
(9 |
) |
|
(2,658 |
) |
|
3,757 |
|
Balance at end of period |
$ |
13,816 |
|
|
$ |
— |
|
|
$ |
(4,695 |
) |
|
$ |
9,121 |
|
|
|
|
|
|
|
|
|
June 30, 2015 |
|
|
|
|
|
|
|
Balance at beginning of period |
$ |
8,874 |
|
|
$ |
16 |
|
|
$ |
(2,691 |
) |
|
$ |
6,199 |
|
Other comprehensive loss before reclassification |
(8,041 |
) |
|
— |
|
|
4,177 |
|
|
(3,864 |
) |
Reclassification from accumulated other comprehensive income |
(1,912 |
) |
|
— |
|
|
— |
|
|
(1,912 |
) |
Period change |
(9,953 |
) |
|
— |
|
|
4,177 |
|
|
(5,776 |
) |
Balance at end of period |
$ |
(1,079 |
) |
|
$ |
16 |
|
|
$ |
1,486 |
|
|
$ |
423 |
|
|