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ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS
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 (in thousands):
 
 
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
 
6,028

 
(467
)
 
5,561

Amounts reclassified from accumulated other comprehensive income (loss)
 
(14
)
 
65

 
51

Net current period other comprehensive income (loss)
 
6,014

 
(402
)
 
5,612

Balance at December 31, 2019
 
$
1,368

 
$
(7,167
)
 
$
(5,799
)

 
 
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
)
Adjusted cumulative effect of accounting change
 
(202
)
 
—

 
(202
)
Balance at January 1, 2018
 
(3,617
)
 
(6,925
)
 
(10,542
)
Other comprehensive income (loss) before reclassification
 
(1,029
)
 
(530
)
 
(1,559
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
690

 
690

Net current period other comprehensive income (loss)
 
(1,029
)
 
160

 
(869
)
Balance at December 31, 2018
 
$
(4,646
)
 
$
(6,765
)
 
$
(11,411
)


 
 
Unrealized Gains and Losses on Securities Available for Sale
 
Defined Benefit and Other Benefit Plans
 
Total
Balance at January 1, 2017
 
$
(4,356
)
 
$
(6,398
)
 
$
(10,754
)
Other comprehensive income (loss) before reclassification
 
1,578

 
622

 
2,200

Amounts reclassified from accumulated other comprehensive income (loss)
 
(68
)
 
119

 
51

Net current period other comprehensive loss
 
1,510

 
741

 
2,251

Stranded AOCI reclassification
 
(569
)
 
(1,268
)
 
(1,837
)
Balance at December 31, 2017
 
$
(3,415
)
 
$
(6,925
)
 
$
(10,340
)


The following is the reclassification out of accumulated other comprehensive income (loss) for the periods indicated (in thousands):
Details about Accumulated Other Comprehensive Income (Loss) Components
 
Year Ended December 31,
 
Affected Line Item
 in the Statement Where
Net Income is Presented
 
 
2019
 
2018
 
2017
 
 
Unrealized gains and losses on securities available for sale:
 
—

 
—

 
—

 
     
Realized gains on securities available for sale
 
$
(19
)
 
$
—

 
$
(109
)
 
Net gains on securities transactions
Tax effect
 
5

 
—

 
41

 
Income tax expense
Net of tax
 
(14
)
 
—

 
(68
)
 
 
 
 
 
 
 
 
 
 
 
Amortization of defined pension plan and other benefit plan items:
 
 

 
 

 
 

 
     
Prior service costs (a)
 
(220
)
 
(220
)
 
(220
)
 
Other components of net periodic pension and postretirement benefits
Actuarial losses (a)
 
312

 
1,146

 
413

 
Other components of net periodic pension and postretirement benefits
Tax effect
 
(27
)
 
(236
)
 
(74
)
 
Income tax expense
Net of tax
 
65

 
690

 
119

 
 
Total reclassification for the period, net of tax
 
$
51

 
$
690

 
$
51

 
 
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other benefit plan costs (see Note 14 for additional information).