ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)

12 Months Ended

Dec. 31, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")

2. ACCUMULATED OTHER COMPREHENSIVE INCOME (“AOCI”)

The changes in the Company’s AOCI by component, net of tax, for the years ended December 31, 2013 and 2012 follow (in thousands). The decrease in net unrealized gains on available for sale securities for the year ended December 31, 2013 resulted solely from the negative impact of higher interest rates in 2013.

	Year Ended December 31, 2013									Year Ended December 31, 2012
	Unrealized Gains and Losses on Available for Sale Securities			Pension and Post- Retirement Plan Items			Total			Unrealized Gains and Losses on Available for Sale Securities			Pension and Post- Retirement Plan Items			Total
Beginning balance	$	10,553		$	(7,667	)	$	2,886		$	11,873		$	(14,943	)	$	(3,070	)
Other comprehensive (loss) income before reclassifications		(14,391	)		4,473			(9,918	)		(1,458	)		7,276			5,818
Amounts reclassified from AOCI		(257	)		-			(257	)		138			-			138
Net other comprehensive (loss) income		(14,648	)		4,473			(10,175	)		(1,320	)		7,276			5,956
Ending balance	$	(4,095	)	$	(3,194	)	$	(7,289	)	$	10,553		$	(7,667	)	$	2,886

The table below presents reclassifications out of AOCI for the year ended December 31, 2013 (in thousands).

	Amount Reclassified from AOCI
Details about AOCI Components	Year Ended December 31, 2013			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available for sale securities	$	403		Net gain (loss) on sale of securities available for sale
		(146	)	Income tax expense (benefit)
Total reclassifications, net of tax	$	257