ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

9 Months Ended

Sep. 30, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

NOTE 7ACCUMULATED 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		391			-			391
Amounts reclassified from accumulated other   comprehensive income		(321	)		263			(58	)
Net current period other comprehensive   income		70			263			333
Balance at September 30, 2014	$	6,113		$	(5,625	)	$	488

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at June 30, 2014	$	6,962		$	(5,712	)	$	1,250
Other comprehensive loss before   reclassification		(849	)		-			(849	)
Amounts reclassified from accumulated other   comprehensive income		-			87			87
Net current period other comprehensive loss		(849	)		87			(762	)
Balance at September 30, 2014	$	6,113		$	(5,625	)	$	488

	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 loss before   reclassification		(1,170	)		-			(1,170	)
Amounts reclassified from accumulated other   comprehensive income		(1	)		701			700
Net current period other comprehensive loss		(1,171	)		701			(470	)
Balance at September 30, 2013	$	6,852		$	(10,129	)	$	(3,277	)

	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans			Total
Balance at June 30, 2013	$	5,988	$	(10,363	)	$	(4,375	)
Other comprehensive income before   reclassification		864		-			864
Amounts reclassified from accumulated other   comprehensive income		-		234			234
Net current period other comprehensive income		864		234			1,098
Balance at September 30, 2013	$	6,852	$	(10,129	)	$	(3,277	)

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	Nine Months Ended September 30,						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		522			1		Net gains on securities transactions
Tax effect		201			-		Income tax expense
Net of tax		321			1
Amortization of defined pension plan   and other benefit plan items:
Prior service costs (a)		66			63		Pension and other employee benefits
Actuarial losses (a)		(499	)		(1,202	)	Pension and other employee benefits
Tax effect		170			438		Income tax expense
Net of tax		(263	)		(701	)
Total reclassification for the period, net of tax	$	58		$	(700	)

(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).

Details about Accumulated Other Comprehensive Income Components	Three Months Ended September 30,						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)		(169	)		(401	)	Pension and other employee benefits
Tax effect		60			146		Income tax expense
Net of tax		(87	)		(234	)
Total reclassification for the period, net of tax	$	(87	)	$	(234	)

(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).