ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")

6 Months Ended

Jun. 30, 2015

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 three and six months ended June 30, 2015 and 2014 follow (in thousands).

	Three Months Ended June 30, 2015												Three Months Ended June 30, 2014
	Unrealized Gains and Losses on Available for  Sale Securities			Unrealized Losses on Securities Transferred from Available for Sale  to Held to Maturity			Pension and Post- Retirement Plan Items			Total			Unrealized Gains and Losses on Available for Sale Securities		Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity			Pension and Post- Retirement Plan Items			Total
Beginning balance	$	3,712		$	(1,764	)	$	(7,675	)	$	(5,727	)	$	605	$	(1,612	)	$	(3,194	)	$	(4,201	)
Other comprehensive (loss) income before reclassifications		(1,507	)		-			-			(1,507	)		2,357		(310	)		-			2,047
Amounts reclassified from AOCI		(97	)		40			-			(57	)		14		32			-			46
Net other comprehensive (loss) income		(1,604	)		40			-			(1,564	)		2,371		(278	)		-			2,093
Ending balance	$	2,108		$	(1,724	)	$	(7,675	)	$	(7,291	)	$	2,976	$	(1,890	)	$	(3,194	)	$	(2,108	)

	Six Months Ended June 30, 2015												Six Months Ended June 30, 2014
	Unrealized Gains and Losses on Available for  Sale Securities			Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity			Pension and Post- Retirement Plan Items			Total			Unrealized Gains and Losses on Available for Sale Securities			Unrealized Losses  on Securities Transferred from Available for Sale to Held to  Maturity			Pension and Post- Retirement Plan Items			Total
Beginning balance	$	2,637		$	(1,805	)	$	(7,675	)	$	(6,843	)	$	(4,095	)	$	-		$	(3,194	)	$	(7,289	)
Other comprehensive (loss) income before reclassifications		(417	)		-			-			(417	)		7,057			(1,943	)		-			5,114
Amounts reclassified from AOCI		(112	)		81			-			(31	)		14			53			-			67
Net other comprehensive (loss) income		(529	)		81			-			(448	)		7,071			(1,890	)		-			5,181
Ending balance	$	2,108		$	(1,724	)	$	(7,675	)	$	(7,291	)	$	2,976		$	(1,890	)	$	(3,194	)	$	(2,108	)

Reclassifications out of AOCI for the three and six months ended June 30, 2015 and 2014 follow (in thousands).

	Amount Reclassified from AOCI
	Three Months Ended June 30,						Six Months Ended June 30,						Affected Line Item in the Statement
Details about AOCI Components	2015			2014			2015			2014			Where Net Income is Presented
Unrealized gains and losses on available for sale securities	$	160		$	(23	)	$	186		$	(23	)	Net gain (loss) on sale of securities available for sale
Unrealized losses on securities transferred from available for sale to held to maturity		(67	)		(54	)		(134	)		(86	)	Interest income - U.S. Government agency obligations
		(36	)		31			(21	)		42		Income tax expense
Total, net of tax	$	57		$	(46	)	$	31		$	(67	)