OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017			September 30, 2016			September 30, 2017			September 30, 2016
Unrealized holding gains (losses) on available for sale securities	$	517		$	(3,173	)	$	4,728		$	9,292
Reclassification adjustment for gains realized in income		(260	)		-			(260	)		(449	)
Income tax effect		(105	)		1,287			(1,773	)		(3,580	)
Net change in unrealized gains (losses) on available for sale securities		152			(1,886	)		2,695			5,263
Reclassification adjustment for amortization realized in income		112			95			339			288
Income tax effect		(45	)		(38	)		(109	)		(112	)
Net change in post-retirement obligation		67			57			230			176
Change in fair value of derivatives used for cash flow hedges		144			764			(1,216	)		(1,920	)
Reclassification adjustment for losses realized in income		369			236			1,103			725
Income tax effect		(210	)		(405	)		43			486
Net change in unrealized gains (losses) on cash flow hedges		303			595			(70	)		(709	)
Other comprehensive income (loss)	$	522		$	(1,234	)	$	2,855		$	4,730

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

				Other Comprehensive
(In thousands)	December 31, 2016			Income			September 30, 2017
Unrealized losses on available for sale securities	$	(8,823	)	$	2,695		$	(6,128	)
Unrealized losses on pension benefits		(4,741	)		230			(4,511	)
Unrealized gains on cash flow hedges		500			(70	)		430
Accumulated other comprehensive loss	$	(13,064	)	$	2,855		$	(10,209	)

Schedule of reclassifications out of accumulated other comprehensive income

	Three Months Ended						Nine Months Ended						Affected Line Item
	September 30,			September 30,			September 30,			September 30,			in the Consolidated
(In thousands)	2017			2016			2017			2016			Statements of Income
Realized gains on sale of available for sale securities	$	260		$	-		$	260		$	449		Net securities gains
Amortization of defined benefit pension plan and defined benefit plan component of the SERP:
Prior service credit		20			20			58			58		Salaries and employee benefits
Transition obligation		(7	)		(7	)		(21	)		(21	)	Salaries and employee benefits
Actuarial losses		(125	)		(108	)		(376	)		(325	)	Salaries and employee benefits
Realized losses on cash flow hedges		(369	)		(236	)		(1,103	)		(725	)	Interest expense
Total reclassifications, before income tax	$	(221	)	$	(331	)	$	(1,182	)	$	(564	)
Income tax benefit		91			134			484			229		Income tax expense
Total reclassifications, net of income tax	$	(130	)	$	(197	)	$	(698	)	$	(335	)