| ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME |
13. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following table summarizes the components of other comprehensive income (loss) and related income tax effects: | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | September 30, | | September 30, | (In thousands) | | 2020 | | 2019 | | 2020 | | 2019 | Unrealized holding (losses) gains on available for sale securities | | $ | (935) | | $ | 2,227 | | $ | 9,186 | | $ | 16,247 | Reclassification adjustments for gains realized in income | | | (3,540) | | | — | | | (3,525) | | | (201) | Income tax effect | | | 1,309 | | | (649) | | | (1,655) | | | (4,679) | Net change in unrealized (losses) gains on available for sale securities | | | (3,166) | | | 1,578 | | | 4,006 | | | 11,367 | | | | | | | | | | | | | | Reclassification adjustments for amortization realized in income | | | 136 | | | 128 | | | 412 | | | 385 | Income tax effect | | | (39) | | | (37) | | | (120) | | | (113) | Net change in post-retirement obligation | | | 97 | | | 91 | | | 292 | | | 272 | | | | | | | | | | | | | | Change in fair value of derivatives used for cash flow hedges | | | 3,364 | | | (657) | | | (7,709) | | | (5,360) | Reclassification adjustments for losses (gains) realized in income | | | 992 | | | (331) | | | 1,058 | | | (1,353) | Income tax effect | | | (1,274) | | | 288 | | | 1,945 | | | 1,958 | Net change in unrealized gains (losses) on cash flow hedges | | | 3,082 | | | (700) | | | (4,706) | | | (4,755) | | | | | | | | | | | | | | Other comprehensive income (loss) | | $ | 13 | | $ | 969 | | $ | (408) | | $ | 6,884 |
The following is a summary of the accumulated other comprehensive loss balances, net of income taxes, at the dates indicated: | | | | | | | | | | | | | | | Other | | | | | | December 31, | | Comprehensive | | | September 30, | (In thousands) | | 2019 | | Income | | | 2020 | Unrealized (losses) gains on available for sale securities | | $ | (829) | | $ | 4,006 | | $ | 3,177 | Unrealized (losses) gains on pension benefits | | | (6,775) | | | 292 | | | (6,483) | Unrealized losses on cash flow hedges | | | (737) | | | (4,706) | | | (5,443) | Accumulated other comprehensive loss, net of income taxes | | $ | (8,341) | | $ | (408) | | $ | (8,749) |
The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2020 and 2019: | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | Affected Line Item | | | September 30, | | September 30, | | September 30, | | September 30, | | | in the Consolidated | (In thousands) | | 2020 | | 2019 | | 2020 | | 2019 | | | Statements of Income | Realized gains on sale of available for sale securities | | $ | 3,540 | | $ | — | | $ | 3,525 | | $ | 201 | | | Net securities gains | Amortization of defined benefit pension plan and defined benefit plan component of the SERP: | | | | | | | | | | | | | | | | Prior service credit | | | 20 | | | 20 | | | 58 | | | 58 | | | Other operating expenses | Actuarial losses | | | (156) | | | (148) | | | (470) | | | (443) | | | Other operating expenses | Realized (losses) gains on cash flow hedges | | | (992) | | | 331 | | | (1,058) | | | 1,353 | | | Interest expense | Realized loss on the termination of swaps | | | (3,348) | | | — | | | (3,348) | | | — | | | Loss on termination of swaps | Total reclassifications, before income tax | | $ | (936) | | $ | 203 | | $ | (1,293) | | $ | 1,169 | | | | Income tax benefit (expense) | | | 274 | | | (59) | | | 378 | | | (341) | | | Income tax expense | Total reclassifications, net of income tax | | $ | (662) | | $ | 144 | | $ | (915) | | $ | 828 | | | |
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