ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

3 Months Ended

Mar. 31, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

NOTE 7                                ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

Accumulated other comprehensive income or loss represents the net unrealized holding gains or losses on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other benefit plans, as of the consolidated balance sheet dates, net of the related tax effect.

The following is a summary of the changes in accumulated other comprehensive income or loss by component, net of tax, for the periods indicated (dollars in thousands):

	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans			Total
Balance at December 31, 2013	$	6,043	$	(5,888	)	$	155
Other comprehensive income before   Reclassification		544		-			544
Amounts reclassified from accumulated other   comprehensive income		-		88			88
Net current period other comprehensive loss		544		88			632
Balance at March 31, 2014	$	6,587	$	(5,800	)	$	787

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at December 31, 2012	$	8,023		$	(10,830	)	$	(2,807	)
Other comprehensive income before   Reclassification		(43	)		-			(43	)
Amounts reclassified from accumulated other   comprehensive income		-			227			227
Net current period other comprehensive loss		(43	)		227			184
Balance at March 31, 2013	$	7,980		$	(10,603	)	$	(2,623	)

The following is the reclassification out of accumulated other comprehensive income for the periods indicated (dollars in thousands):

Details about Accumulated Other Comprehensive Income Components	Three Months Ended March 31,							Affected Line Item  in the Statement Where Net Income is Presented
			2014			2013
Unrealized gains and losses on securities   available for sale:
Reclassification adjustment for other-than-   temporary gains (losses) realized in income		$	-		$	-
Realized gains on securities available for sale			-			-		Net gains on securities transactions
Tax effect			-			-		Income tax expense
Net of tax			-			-
Amortization of defined pension plan   and other benefit plan items:
Prior service costs (a)			22			21		Pension and other employee benefits
Actuarial losses (a)			(165	)		(390	)	Pension and other employee benefits
Tax effect			55			142		Income tax expense
Net of tax			(88	)		(227	)
Total reclassification for the period, net of tax		$	(88	)	$	(227	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 9 for additional information).