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Stockholders Equity
12 Months Ended
Dec. 31, 2014
Stockholders Equity [Abstract]  
Stockholders Equity
(15)  Stockholders’ Equity
                                                                                                                                                                                                                      
In accordance with accounting standards, unrealized gains on available for sale securities and unrecognized actuarial gains or losses and prior service costs associated with the Company’s pension and postretirement benefit plans are included in accumulated other comprehensive loss, net of tax.  For the years ended December 31, components of accumulated other comprehensive loss are:

(In thousands)
 
2014
  
2013
 
Unrecognized prior service cost and net actuarial loss on pension plans
 
$
(19,181
)
 
$
(7,785
)
Unrealized net holding gains (losses) on available for sale securities
  
2,154
   
(8,980
)
Accumulated other comprehensive loss
 
$
(17,027
)
 
$
(16,765
)
 
Certain restrictions exist regarding the ability of the subsidiary bank to transfer funds to the Company in the form of cash dividends. The approval of the Office of Comptroller of the Currency (OCC) is required to pay dividends when a bank fails to meet certain minimum regulatory capital standards or when such dividends are in excess of a subsidiary bank's earnings retained in the current year plus retained net profits for the preceding two years as specified in applicable OCC regulations..  At December 31, 2014, approximately $88.7 million of the total stockholders’ equity of the Bank was available for payment of dividends to the Company without approval by the OCC. The Bank’s ability to pay dividends also is subject to the Bank being in compliance with regulatory capital requirements.  The Bank is currently in compliance with these requirements. Under the State of Delaware General Corporation Law, the Company may declare and pay dividends either out of accumulated net retained earnings or capital surplus.
 
Under a previously disclosed stock repurchase plan, the Company purchased 3,288 shares of its common stock during the twelve month period ended December 31, 2014, for a total of $0.1 million at an average price of $22.02 per share.  This plan expired on December 31, 2014.  On October 27, 2014, the NBT Board of Directors authorized a new repurchase program for NBT to repurchase up to an additional 1,000,000 shares of its outstanding common stock.  This plan expires on December 31, 2016.