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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
9 Months Ended
Sep. 30, 2020
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
Schedule 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

Schedule of accumulated other comprehensive loss balances, net of income taxes

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)

Schedule of reclassifications out of accumulated other comprehensive (loss) income

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