ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2021

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

The following table presents the activity in net accumulated other comprehensive income/ (loss) and the components of the activity for the periods indicated:


(In thousands)	Unrealized Gains on Investments Available-for-Sale		Defined Benefit Pension Plan		Total
Balance at January 1, 2021	$	28,175	$	(9,470)	$	18,705
Other comprehensive loss before reclassification, net of tax	(20,218)		—		(20,218)
Reclassifications from accumulated other comprehensive income, net of tax	(133)		520		387
Current period change in other comprehensive income, net of tax	(20,351)		520		(19,831)
Balance at September 30, 2021	$	7,824	$	(8,950)	$	(1,126)


(In thousands)	Unrealized Gains/ (Losses) on Investments Available-for-Sale		Defined Benefit Pension Plan		Total
Balance at January 1, 2020	$	4,000	$	(8,332)	$	(4,332)
Other comprehensive income before reclassification, net of tax	21,650		—		21,650
Reclassifications from accumulated other comprehensive income, net of tax	(322)		497		175
Current period change in other comprehensive income, net of tax	21,328		497		21,825
Balance at September 30, 2020	$	25,328	$	(7,835)	$	17,493

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

The following table provides the information on the reclassification adjustments out of accumulated other comprehensive income/ (loss) for the periods indicated:


	Nine Months Ended September 30,
(In thousands)	2021		2020
Unrealized gains on investments available-for-sale:
Affected line item in the Statements of Income:
Investment securities gains	$	178	$	432
Income before taxes	178		432
Tax expense	(45)		(110)
Net income	$	133	$	322

Amortization of defined benefit pension plan items:
Affected line item in the Statements of Income:
Recognized actuarial loss (1)	$	(682)	$	(656)
Loss before taxes	(682)		(656)
Tax benefit	162		159
Net loss	$	(520)	$	(497)

(1)This amount is included in the computation of net periodic benefit cost. See Note 10 for additional information on the pension plan.