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CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Actual and Required Capital Ratios

The actual and required capital ratios were as follows:
 
 
March 31,
2020
 
Regulatory
Minimum to be
Well Capitalized
 
December 31,
2019
 
Regulatory
Minimum to be
Well Capitalized
Company (consolidated)
 
 

 
 

 
 

 
 

Total capital to risk weighted assets
 
13.8
%
 
N/A

 
13.7
%
 
N/A

Common equity tier 1 capital to risk weighted assets
 
11.9

 
N/A

 
12.1

 
N/A

Tier 1 capital to risk weighted assets
 
12.1

 
N/A

 
12.3

 
N/A

Tier 1 capital to average assets
 
9.3

 
N/A

 
9.3

 
N/A

 
 
 
 
 
 
 
 
 
Bank
 
 

 
 
 
 

 
 

Total capital to risk weighted assets
 
12.5
%
 
10.0
%
 
12.8
%
 
10.0
%
Common equity tier 1 capital to risk weighted assets
 
11.7

 
6.5

 
12.2

 
6.5

Tier 1 capital to risk weighted assets
 
11.7

 
8.0

 
12.2

 
8.0

Tier 1 capital to average assets
 
8.9

 
5.0

 
9.1

 
5.0


Schedule of Components of Accumulated Other Comprehensive Income
Components of accumulated other comprehensive income is as follows:
(In thousands)
 
March 31,
2020
 
December 31,
2019
Other accumulated comprehensive income, before tax:
 
 

 
 

Net unrealized holding gain on AFS securities
 
$
44,877

 
$
19,263

Net unrealized holding (loss) on pension plans
 
(3,023
)
 
(3,023
)
 
 
 
 
 
Income taxes related to items of accumulated other comprehensive income:
 
 

 
 

Net unrealized tax (expense) on AFS securities
 
(11,649
)
 
(5,059
)
Net unrealized tax benefit on pension plans
 
812

 
812

Accumulated other comprehensive income
 
$
31,017

 
$
11,993


Schedule of Components of Other Comprehensive Income
The following table presents the components of other comprehensive income for the three months ended March 31, 2020 and 2019:
(In thousands)
 
Before Tax
 
Tax Effect
 
Net of Tax
Three Months Ended March 31, 2020
 
 

 
 

 
 

Net unrealized holding gain on AFS securities:
 
x

 
 
 
 

Net unrealized gains arising during the period
 
$
25,613

 
$
(6,590
)
 
$
19,023

Less: reclassification adjustment for (losses) realized in net income
 
(1
)
 

 
(1
)
Net unrealized holding gain on AFS securities
 
25,614

 
(6,590
)
 
19,024

Other comprehensive income
 
$
25,614

 
$
(6,590
)
 
$
19,024

 
 
 
 
 
 
 
Three Months Ended March 31, 2019
 
 

 
 

 
 

Net unrealized holding gain on AFS securities:
 
 
 
 

 
 

Net unrealized gains arising during the period
 
$
14,221

 
$
(3,653
)
 
$
10,568

Less: reclassification adjustment for gains realized in net income
 
6

 
(2
)
 
4

Net unrealized holding gain on AFS securities
 
14,215

 
(3,651
)
 
10,564

Other comprehensive income
 
$
14,215

 
$
(3,651
)
 
$
10,564


Schedule of Gross Changes in Each Component of Accumulated Other Comprehensive Income
The following table presents the changes in each component of accumulated other comprehensive income, for the three ended March 31, 2020 and 2019:
(In thousands)
 
Net unrealized
holding loss
on AFS Securities
 
Net unrealized
holding loss
on pension plans
 
Total
Three Months Ended March 31, 2020
 
 

 
 

 
 

Balance at Beginning of Period
 
$
14,204

 
$
(2,211
)
 
$
11,993

Other comprehensive income before reclassifications
 
19,023

 

 
19,023

Less: amounts reclassified from accumulated other comprehensive income (loss)
 
(1
)
 

 
(1
)
Total other comprehensive income
 
19,024

 

 
19,024

Balance at End of Period
 
$
33,228

 
$
(2,211
)
 
$
31,017

 
 
 
 
 
 
 
Three Months Ended March 31, 2019
 
 

 
 

 
 

Balance at Beginning of Period
 
$
(11,453
)
 
$
(2,017
)
 
$
(13,470
)
Other comprehensive (loss) before reclassifications
 
10,568

 

 
10,568

Less: amounts reclassified from accumulated other comprehensive income (loss)
 
4

 

 
4

Total other comprehensive (loss)
 
10,564

 

 
10,564

Balance at End of Period
 
$
(889
)
 
$
(2,017
)
 
$
(2,906
)

Schedule of Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income for the three ended March 31, 2020 and 2019:
 
 
 
 
 
 
Affected Line Item in the
 
 
Three Months Ended March 31,
 
Statement where Net Income
(In thousands)
 
2020
 
2019
 
is Presented
Realized gains on AFS securities:
 
 

 
 

 
 
 
 
$
(1
)
 
$
6

 
Non-interest income
 
 

 
(2
)
 
Tax expense
 
 
(1
)
 
4

 
Net of tax
   
 
 
 
 
 
 
Total reclassifications for the period
 
$
(1
)
 
$
4

 
Net of tax