OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2016

OTHER COMPREHENSIVE INCOME (LOSS)

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

	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Unrealized holding gains (losses) on available for sale securities	$	2,725		$	(3,653	)	$	12,465		$	1,262
Reclassification adjustment for (gains) losses realized in income		(383	)		-			(449	)		10
Income tax effect		(950	)		1,486			(4,867	)		(471	)
Net change in unrealized gains (losses) on available for sale securities		1,392			(2,167	)		7,149			801
Reclassification adjustment for amortization realized in income		99			90			193			179
Income tax effect		(41	)		18			(74	)		(17	)
Net change in post-retirement obligation		58			108			119			162
Change in fair value of derivatives used for cash flow hedges		(661	)		117			(2,684	)		(698	)
Reclassification adjustment for losses realized in income		239			176			489			310
Income tax effect		171			(97	)		891			164
Net change in unrealized (loss) gain on cash flow hedges		(251	)		196			(1,304	)		(224	)
Total	$	1,199		$	(1,863	)	$	5,964		$	739

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

				Current Period
(In thousands)	December 31, 2015			Change			June 30, 2016
Unrealized (losses) gains on available for sale securities	$	(4,741	)	$	7,149		$	2,408
Unrealized (losses) gains on pension benefits		(4,111	)		119			(3,992	)
Unrealized losses on cash flow hedges		(770	)		(1,304	)		(2,074	)
Total	$	(9,622	)	$	5,964		$	(3,658	)

Schedule of reclassifications out of accumulated other comprehensive income

													Affected Line Item
	Three Months Ended						Six Months Ended						in the Consolidated
(In thousands)	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015			Statements of Income
Realized gains (losses) on sale of available for sale securities	$	383		$	-		$	449		$	(10	)	Net securities gains (losses)
Income tax (expense) benefit		(155	)		-			(182	)		4		Income tax expense
Net of income tax	$	228		$	-		$	267		$	(6	)
Amortization of defined benefit pension plan and defined benefit plan component of the SERP:
Prior service cost	$	19		$	19		$	38		$	38		Salaries and employee benefits
Transition obligation		(7	)		(7	)		(14	)		(14	)	Salaries and employee benefits
Actuarial losses		(111	)		(102	)		(217	)		(203	)	Salaries and employee benefits
	$	(99	)	$	(90	)	$	(193	)	$	(179	)
Income tax benefit		40			(18	)		78			17		Income tax expense
Net of income tax	$	(59	)	$	(108	)	$	(115	)	$	(162	)
Realized losses on cash flow hedges	$	(239	)	$	(176	)	$	(489	)	$	(310	)	Interest expense
Income tax benefit		97			74			198			126		Income tax expense
Net of income tax	$	(142	)	$	(102	)	$	(291	)	$	(184	)
Total reclassifications, net of income tax	$	27		$	(210	)	$	(139	)	$	(352	)