Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2013

Other Comprehensive Income Loss [Abstract]

Net Accumulated Other Comprehensive Income (Loss)

These do not have an impact on the Company’s net income. 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 (Losses) on Investments Available-for-Sale		Defined Benefit Pension Plan		Total
Balance at January 1, 2013	$	20,258	$	(8,946)	$	11,312
Other comprehensive income before reclassification, net of tax		(14,365)		-		(14,365)
Reclassifications from accumulated other comprehensive income, net of tax		71		557		628
Current period change in other comprehensive income, net of tax		(14,294)		557		(13,737)
Balance at June 30, 2013	$	5,964	$	(8,389)	$	(2,425)

(In thousands)	Unrealized Gains (Losses) on Investments Available-for-Sale		Defined Benefit Pension Plan		Total
Balance at January 1, 2012	$	20,006	$	(6,758)	$	13,248
Other comprehensive income before reclassification, net of tax		811		-		811
Reclassifications from accumulated other comprehensive income, net of tax		98		420		518
Current period change in other comprehensive income, net of tax		909		420		1,329
Balance at June 30, 2012	$	20,915	$	(6,338)	$	14,577

Schedule of Amounts Recognized in 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:

	Six Months Ended June 30,
(In thousands)	2013		2012
Unrealized gains/(losses) on investments available-for-sale
Affected line item in the Statements of Income:
Investment securities gains	$	118	$	163
Income before taxes		118		163
Tax expense		47		65
Net income	$	71	$	98
Amortization of defined benefit pension plan items
Affected line item in the Statements of Income:
Recognized actuarial loss 1	$	927	$	699
Income before taxes		927		699
Tax expense		370		279
Net income	$	557	$	420

1 This amount is included in the computation of net periodic pension cost, see Note 10