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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2019
Other Comprehensive Income Loss [Abstract]  
Net Accumulated Other Comprehensive Income (Loss)

 

 

 

Unrealized Gains

 

 

 

 

 

 

 

 

 

(Losses) on

 

 

 

 

 

 

 

 

 

Investments

 

Defined Benefit

 

 

 

(In thousands)

 

Available-for-Sale

 

Pension Plan

 

Total

Balance at January 1, 2019

 

$

(6,630)

 

$

(9,124)

 

$

(15,754)

Other comprehensive income before reclassification, net of tax

 

 

11,802

 

 

-

 

 

11,802

Reclassifications from accumulated other comprehensive income, net of tax

 

 

(4)

 

 

391

 

 

387

Current period change in other comprehensive income, net of tax

 

 

11,798

 

 

391

 

 

12,189

Balance at June 30, 2019

 

$

5,168

 

$

(8,733)

 

$

(3,565)

 

 

 

Unrealized Gains

 

 

 

 

 

 

 

 

 

(Losses) on

 

 

 

 

 

 

 

 

 

Investments

 

Defined Benefit

 

 

 

(In thousands)

 

Available-for-Sale

 

Pension Plan

 

Total

Balance at January 1, 2018

 

$

687

 

$

(7,544)

 

$

(6,857)

Other comprehensive income before reclassification, net of tax

 

 

(12,491)

 

 

-

 

 

(12,491)

Reclassifications from accumulated other comprehensive income, net of tax

 

 

(47)

 

 

316

 

 

269

Current period change in other comprehensive income, net of tax

 

 

(12,538)

 

 

316

 

 

(12,222)

Reclassification of tax effects from accumulated other comprehensive income

 

 

148

 

 

(1,625)

 

 

(1,477)

Balance at June 30, 2018

 

$

(11,703)

 

$

(8,853)

 

$

(20,556)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

 

 

 

 

Six Months Ended June 30,

(In thousands)

 

2019

 

2018

Unrealized gains on investments available-for-sale

 

 

 

 

 

 

 

Affected line item in the Statements of Income:

 

 

 

 

 

 

 

Investment securities gains

 

$

5

 

$

63

 

Income before taxes

 

 

5

 

 

63

 

Tax expense

 

 

(1)

 

 

(16)

 

Net income

 

$

4

 

$

47

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension plan items

 

 

 

 

 

 

 

Affected line item in the Statements of Income:

 

 

 

 

 

 

 

 

Recognized actuarial loss(1)

 

$

(530)

 

$

(500)

 

 

 

Income before taxes

 

 

(530)

 

 

(500)

 

 

 

Tax benefit

 

 

139

 

 

184

 

 

 

Net loss

 

$

(391)

 

$

(316)

(1) This amount is included in the computation of net periodic benefit cost, see Note 9.