ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss) [Abstract]

Activity in net accumulated other comprehensive income (loss) and the components of the activity

	Unrealized Gains
	on Investments		Defined Benefit
(In thousands)	Available-for-Sale		Pension Plan		Total
Balance at January 1, 2020	$	4,000	$	(8,332)	$	(4,332)
Other comprehensive income before reclassification, net of tax		19,114		-		19,114
Reclassifications from accumulated other comprehensive income, net of tax		(284)		326		42
Current period change in other comprehensive income, net of tax		18,830		326		19,156
Balance at June 30, 2020	$	22,830	$	(8,006)	$	14,824

	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)

Schedule of reclassification adjustments out of accumulated other comprehensive income (loss)

				Six Months Ended June 30,
(In thousands)				2020		2019
Unrealized gains on investments available-for-sale:
	Affected line item in the Statements of Income/ (Loss):
	Investment securities gains			$	381	$	5
	Income before taxes				381		5
	Tax expense				(97)		(1)
	Net income			$	284	$	4
Amortization of defined benefit pension plan items:
	Affected line item in the Statements of Income/ (Loss):
		Recognized actuarial loss(1)		$	(437)	$	(530)
			Loss before taxes		(437)		(530)
			Tax benefit		111		139
			Net loss	$	(326)	$	(391)
(1) This amount is included in the computation of net periodic benefit cost. See Note 11.