OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2014

OTHER COMPREHENSIVE INCOME (LOSS)

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

	Three Months Ended						Nine Months Ended
(In thousands)	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Unrealized holding (losses) gains on available for sale securities	$	(1,338	)	$	(3,699	)	$	10,118		$	(18,213	)
Reclassification adjustment for (gains) losses realized in income	(9		)	(11		)	1,119			(659		)
Income tax effect	534			1,473			(4,460		)	7,492
Net change in unrealized (losses) gains on available for sale securities	(813		)	(2,237		)	6,777			(11,380		)
Change in post-retirement obligation	(5		)	73			(17		)	218
Income tax effect	2			(29		)	7			(86		)
Net change in post-retirement obligation	(3		)	44			(10		)	132
Change in fair value of derivatives used for cash flow hedges	402			(549		)	(174		)	(262		)
Reclassification adjustment for gains realized in income	—			—			—			—
Income tax effect	(160		)	218			69			104
Net change in unrealized gains (losses) on cash flow hedges	242			(331		)	(105		)	(158		)
Total	$	(574	)	$	(2,524	)	$	6,662		$	(11,406	)

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

	Balance as of						Balance as of
	December 31,			Current Period			September 30,
(In thousands)	2013			Change			2014
Unrealized (losses) gains on available for sale securities	$	(11,994	)	$	6,777		$	(5,217	)
Unrealized losses on pension benefits	(1,143		)	(10		)	(1,153		)
Unrealized losses on cash flow hedges	(99		)	(105		)	(204		)
Total	$	(13,236	)	$	6,662		$	(6,574	)

Schedule of reclassifications out of accumulated other comprehensive income

	Three Months Ended						Nine Months Ended						Affected Line Item
(In thousands)	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013			in the Consolidated Statements of Income
Unrealized gains (losses) on available for sale securities:
Realized gains (losses) on sale of available for sale securities	$	9		$	11		$	(1,119	)	$	659		Net securities (losses) gains
Income tax effect	(4		)	(4		)	444			(262		)	Income tax expense
Net of income tax	$	5		$	7		$	(675	)	$	397
Amortization of defined benefit pension plan and the defined benefit plan component of the SERP:
Prior service credit (cost)	$	19		$	19		$	58		$	58		Salaries and employee benefits
Transition obligation	(7		)	(7		)	(21		)	(21		)	Salaries and employee benefits
Actuarial losses	(7		)	(86		)	(20		)	(254		)	Salaries and employee benefits
	$	5		$	(74	)	$	17		$	(217	)
Income tax effect	(2		)	29			(7		)	86			Income tax expense
Net of income tax	$	3		$	(45	)	$	10		$	(131	)
Total reclassifications, net of tax	$	8		$	(38	)	$	(665	)	$	266