ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]

Activity in accumulated other comprehensive income

The activity in accumulated other comprehensive (loss) income for the three months ended June 30, 2013 and 2012 is as follows:

	Accumulated Other Comprehensive (Loss) Income (1), (2)
	Unrealized gains (losses) on securities available for sale			Defined benefit pension plan			Total
	(in thousands)
Balance at March 31, 2013	$	2,965		$	(2,792	)	$	173
Other comprehensive loss before reclassifications		(1,878	)		—			(1,878	)
Amounts reclassified from accumulated other comprehensive income		—			44			44
Period change		(1,878	)		44			(1,834	)
Balance at June 30, 2013	$	1,087		$	(2,748	)	$	(1,661	)
Balance at March 31, 2012	$	3,581		$	(2,856	)	$	725
Other comprehensive income before reclassifications		283			—			283
Amounts reclassified from accumulated other comprehensive income		—			47			47
Period change		283			47			330
Balance at June 30, 2012	$	3,864		$	(2,809	)	$	1,055

(1	)	All amounts are net of tax. Related income tax expense or benefit is calculated using a Federal income tax rate of 34%.
(2	)	Amounts in parentheses indicate debits.

The activity in accumulated other comprehensive (loss) income for the six months ended June 30, 2013 and 2012 is as follows:

	Accumulated Other Comprehensive (Loss) Income (1), (2)
	Unrealized gains (losses) on securities available for sale			Defined benefit pension plan			Total
	(in thousands)
Balance at December 31, 2012	$	3,805		$	(2,835	)	$	970
Other comprehensive loss before reclassifications		(2,718	)		—			(2,718	)
Amounts reclassified from accumulated other comprehensive income		—			87			87
Period change		(2,718	)		87			(2,631	)
Balance at June 30, 2013	$	1,087		$	(2,748	)	$	(1,661	)
Balance at December 31, 2011	$	3,649		$	(2,903	)	$	746
Other comprehensive income before reclassifications		215			—			215
Amounts reclassified from accumulated other comprehensive income		—			94			94
Period change		215			94			309
Balance at June 30, 2012	$	3,864		$	(2,809	)	$	1,055

(1	)	All amounts are net of tax. Related income tax expense or benefit is calculated using a Federal income tax rate of 34%.
(2	)	Amounts in parentheses indicate debits.

Reclassification out of accumulated other comprehensive income

	Amount reclassified from accumulated other comprehensive income For the three months ended June 30, (2)						Affected line item in the consolidated statements of net income
	2013			2012
	(in thousands)
Defined benefit pension plan (1)
Amortization of net actuarial loss	$	66		$	71		Compensation and benefits
Related income tax expense		(22	)		(24	)	Income tax expense
Net effect on accumulated other comprehensive income for the period	$	44		$	47		Net income

(1	)	Included in the computation of net periodic pension cost. See Note 11 – Employee Benefit Plans for additional detail.
(2	)	Amounts in parentheses indicate debits.

	Amount reclassified from accumulated other comprehensive income For the six months ended June 30, (2)						Affected line item in the consolidated statements of net income
	2013			2012
	(in thousands)
Defined benefit pension plan (1)
Amortization of net actuarial loss	$	132		$	143		Compensation and benefits
Related income tax expense		(45	)		(49	)	Income tax expense
Net effect on accumulated other comprehensive income for the period	$	87		$	94		Net income

(1	)	Included in the computation of net periodic pension cost. See Note 11 – Employee Benefit Plans for additional detail.
(2	)	Amounts in parentheses indicate debits.