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ACCUMULATED OTHER COMPREHENSIVE LOSS
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive 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 loss by component, net of tax, for the periods indicated (in thousands):
 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at July 1, 2019
 
$
787

 
$
(6,738
)
 
$
(5,951
)
Other comprehensive income before reclassification
 
2,662

 

 
2,662

Amounts reclassified from accumulated other comprehensive income
 

 
13

 
13

Net current period other comprehensive income
 
2,662

 
13

 
2,675

Balance at September 30, 2019
 
$
3,449

 
$
(6,725
)
 
$
(3,276
)

 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at July 1, 2018
 
$
(7,223
)
 
$
(6,898
)
 
$
(14,121
)
Other comprehensive loss before reclassification
 
(1,179
)
 

 
(1,179
)
Amounts reclassified from accumulated other comprehensive income
 

 
13

 
13

Net current period other comprehensive income (loss)
 
(1,179
)
 
13

 
(1,166
)
Balance at September 30, 2018
 
$
(8,402
)
 
$
(6,885
)
 
$
(15,287
)

 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at January 1, 2019
 
$
(4,646
)
 
$
(6,765
)
 
$
(11,411
)
Other comprehensive income before reclassification
 
8,109

 

 
8,109

Amounts reclassified from accumulated other comprehensive income
 
(14
)
 
40

 
26

Net current period other comprehensive income (loss)
 
8,095

 
40

 
8,135

Balance at September 30, 2019
 
$
3,449

 
$
(6,725
)
 
$
(3,276
)

 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at January 1, 2018
 
$
(3,415
)
 
$
(6,925
)
 
$
(10,340
)
Cumulative effect of account change
 
(202
)
 

 
(202
)
Balance at January 1, 2018, as adjusted
 
(3,617
)
 
(6,925
)
 
(10,542
)
Other comprehensive income before reclassification
 
(4,785
)
 

 
(4,785
)
Amounts reclassified from accumulated other comprehensive income
 

 
40

 
40

Net current period other comprehensive income
 
(4,785
)
 
40

 
(4,745
)
Balance at September 30, 2018
 
$
(8,402
)
 
$
(6,885
)
 
$
(15,287
)

The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands):
Details about Accumulated Other Comprehensive Income Components
 
Three Months Ended 
 September 30,
 
Affected Line Item
in the Statement Where
Net Income is Presented
 
 
2019
 
2018
 
 
Unrealized gains and losses on securities available for sale:
 
 
 
 
 
     
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)
 
$
(55
)
 
$
(55
)
 
Other components of net periodic pension and postretirement benefits
Actuarial losses (a)
 
72

 
72

 
Other components of net periodic pension and postretirement benefits
Tax effect
 
(4
)
 
(4
)
 
Income tax expense
Net of tax
 
13

 
13

 
 
Total reclassification for the period, net of tax
 
$
13

 
$
13

 
 
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 11 for additional information).

Details about Accumulated Other Comprehensive Income Components
 
Nine Months Ended 
 September 30,
 
Affected Line Item
in the Statement Where
Net Income is Presented
 
 
2019
 
2018
 
 
Unrealized gains and losses on securities available for sale:
 
 
 
 
 
     
Realized gains on securities available for sale
 
$
(19
)
 
$

 
Net gains on securities transactions
Tax effect
 
5

 

 
Income tax expense
Net of tax
 
(14
)
 

 
 
Amortization of defined pension plan and other benefit plan items:
 
 

 
 

 
     
Prior service costs (a)
 
(165
)
 
(165
)
 
Other components of net periodic pension and postretirement benefits
Actuarial losses (a)
 
218

 
218

 
Other components of net periodic pension and postretirement benefits
Tax effect
 
(13
)
 
(13
)
 
Income tax expense
Net of tax
 
40

 
40

 
 
Total reclassification for the period, net of tax
 
$
26

 
$
40

 
 
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 11 for additional information).