OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2014

OTHER COMPREHENSIVE INCOME (LOSS)

Schedule of other comprehensive income (loss) components and related income tax effects

	Three Months Ended
(In thousands)	March 31, 2014			March 31, 2013
Unrealized holding gains (losses) on available for sale securities	$	4,543		$	(669	)
Reclassification adjustment for losses (gains) realized in income	1,112			(338		)
Income tax effect	(2,244		)	400
Net change in unrealized gains (losses) on available for sale securities	3,411			(607		)
Change in post-retirement obligation	(7		)	64
Income tax effect	3			(25		)
Net change in post-retirement obligation	(4		)	39
Change in fair value of derivatives used for cash flow hedges	(150		)	28
Reclassification adjustment for gains realized in income	—			—
Income tax effect	59			(11		)
Net change in unrealized (losses) gains on cash flow hedge	(91		)	17
Total	$	3,316		$	(551	)

Summary of the accumulated other comprehensive income balances, net of income tax

	Balance as of						Balance as of
	December 31,			Current Period			March 31,
(In thousands)	2013			Change			2014
Unrealized (losses) on available for sale securities	$	(11,994	)	$	3,411		$	(8,583	)
Unrealized losses on pension benefits	(1,143		)	(4		)	(1,147		)
Unrealized losses on cash flow hedges	(99		)	(91		)	(190		)
Total	$	(13,236	)	$	3,316		$	(9,920	)

Schedule of reclassifications out of accumulated other comprehensive income

							Affected Line Item
	Three Months Ended						in the Consolidated
(In thousands)	March 31, 2014			March 31, 2013			Statements of Income
Unrealized gains (losses) on available for sale securities:
Realized (losses) gains on sale of available for sale securities	$	(1,112	)	$	338		Net securities gains (losses)
Income tax benefit (expense)	441			(134		)	Income tax expense
Net of income tax		(671	)		204
Amortization of defined benefit pension plan and the defined benefit plan component of the SERP:
Prior service credit (cost)	$	20		$	19		Salaries and employee benefits
Transition obligation	(7		)	(7		)	Salaries and employee benefits
Actuarial losses	(7		)	(76		)	Salaries and employee benefits
		6			(64	)
Income tax (expense) benefit	(2		)	25			Income tax expense
Net of income tax		4			(39	)
Total reclassifications, net of income tax	$	(667	)	$	165