14. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The following table summarizes the components of other comprehensive income (loss) and related income tax effects:


	Three Months Ended				Six Months Ended
(In thousands)	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Unrealized holding gains (losses) on available for sale securities	$	8,489	$	(4,231)	$	14,020	$	(12,818)
Reclassification adjustment for (gains) losses realized in income		(201)		7,921		(201)		7,921
Income tax effect		(2,417)		(1,074)		(4,030)		1,425
Net change in unrealized gains (losses) on available for sale securities		5,871		2,616		9,789		(3,472)

Reclassification adjustment for amortization realized in income		129		95		257		190
Income tax effect		(38)		(27)		(76)		(55)
Net change in post-retirement obligation		91		68		181		135

Change in fair value of derivatives used for cash flow hedges		(3,106)		1,020		(4,703)		3,847
Reclassification adjustment for gains realized in income		(466)		(344)		(1,022)		(279)
Income tax effect		1,042		(197)		1,670		(1,038)
Net change in unrealized (losses) gains on cash flow hedges		(2,530)		479		(4,055)		2,530

Other comprehensive income (loss)	$	3,432	$	3,163	$	5,915	$	(807)

The following is a summary of the accumulated other comprehensive loss balances, net of income taxes, at the dates indicated:


			Other
	December 31,		Comprehensive			June 30,
(In thousands)	2018		Income			2019
Unrealized (losses) gains on available for sale securities	$	(11,685)	$	9,789	$	(1,896)
Unrealized (losses) gains on pension benefits		(6,365)		181		(6,184)
Unrealized gains (losses) on cash flow hedges		2,938		(4,055)		(1,117)
Accumulated other comprehensive (loss) gain, net of income taxes	$	(15,112)	$	5,915	$	(9,197)

The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2019 and 2018:


	Three Months Ended				Six Months Ended				Affected Line Item
	June 30,		June 30,		June 30,		June 30,		in the Consolidated
(In thousands)	2019		2018		2019		2018		Statements of Income
Realized gains (losses) on sale of available for sale securities	$	201	$	(7,921)	$	201	$	(7,921)	Net securities gains (losses)
Amortization of defined benefit pension plan and defined benefit plan component of the SERP:
Prior service credit		19		19		38		38	Other operating expenses
Transition obligation		—		(1)		—		(2)	Other operating expenses
Actuarial losses		(147)		(113)		(295)		(226)	Other operating expenses
Realized gains on cash flow hedges		466		344		1,022		279	Interest expense
Total reclassifications, before income tax	$	539	$	(7,672)	$	966	$	(7,832)
Income tax (expense) benefit		(157)		2,231		(282)		2,278	Income tax expense
Total reclassifications, net of income tax	$	382	$	(5,441)	$	684	$	(5,554)