ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

3 Months Ended

Mar. 31, 2018

OTHER COMPREHENSIVE INCOME (LOSS)

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

	Three Months Ended
(In thousands)	March 31, 2018			March 31, 2017
Unrealized holding (losses) gains on available for sale securities	$	(8,587	)	$	1,616
Income tax effect		2,499			(606	)
Net change in unrealized (losses) gains on available for sale securities		(6,088	)		1,010
Reclassification adjustment for amortization realized in income		95			114
Income tax effect		(28	)		(17	)
Net change in post-retirement obligation		67			97
Change in fair value of derivatives used for cash flow hedges		2,827			25
Reclassification adjustment for losses realized in income		65			275
Income tax effect		(841	)		(126	)
Net change in unrealized gains on cash flow hedges		2,051			174
Other comprehensive (loss) income	$	(3,970	)	$	1,281

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

				Other Comprehensive
(In thousands)	December 31, 2017			Income			March 31, 2018
Unrealized losses on available for sale securities	$	(11,337	)	$	(6,088	)	$	(17,425	)
Unrealized (losses) gain on pension benefits		(5,533	)		67			(5,466	)
Unrealized gains on cash flow hedges		1,931			2,051			3,982
Accumulated other comprehensive loss, net of income taxes	$	(14,939	)	$	(3,970	)	$	(18,909	)

Schedule of reclassifications out of accumulated other comprehensive income

	Three Months Ended						Affected Line Item
	March 31,			March 31,			in the Consolidated
(In thousands)	2018			2017			Statements of Income
Amortization of defined benefit pension  plan and defined benefit plan component of the SERP:
Prior service credit	$	19		$	19		Other operating expenses
Transition obligation		(1	)		(7	)	Other operating expenses
Actuarial losses		(113	)		(126	)	Other operating expenses
Realized losses on cash flow hedges		(65	)		(275	)	Interest expense
Total reclassifications, before income taxes		(160	)		(389	)
Income tax benefit		47			159		Income tax expense
Total reclassifications, net of income taxes	$	(113	)	$	(230	)