COMPREHENSIVE (LOSS) INCOME (Tables)

12 Months Ended

Dec. 31, 2012

COMPREHENSIVE (LOSS) INCOME [Abstract]

Components of Other Comprehensive Income (Loss) and Related Tax Effects

The components of other comprehensive (loss) income and the related tax effects for December 31, 2012, 2011, and 2010 are as follows:

	For the year ended December 31, 2012
(In thousands)	Before tax amount			Tax expense (benefit)			Net of tax amount
Unrealized losses on investment securities:
Unrealized holding losses arising during period	$	(1,573	)	$	(535	)	$	(1,038	)
Less adjustment for impaired investments		(2,359	)		(802	)		(1,557	)
Less reclassification adjustment for gains realized in net loss		1,030			350			680
Unrealized losses on investment securities		(244	)		(83	)		(161	)
Unrecognized benefit obligation expense:
Actuarial loss		(1,655	)		(563	)		(1,092	)
Less reclassification adjustment for amortization		(471	)		(160	)		(311	)
		(1,184	)		(403	)		(781	)
Other comprehensive loss, net	$	(1,428	)	$	(486	)	$	(942	)

	For the year ended December 31, 2011
(In thousands)	Before tax amount			Tax expense (benefit)			Net of tax amount
Unrealized gains on investment securities:
Unrealized holding gains arising during period	$	531		$	227		$	304
Adjustment in deferred tax valuation allowance related to preferred and common stock		-			288			(288	)
Less adjustment for impaired investments		(1,796	)		(629	)		(1,167	)
Less reclassification adjustment for gains
realized in net loss		1,782			624			1,158
Unrealized gains on investment securities		545			520			25
Unrecognized benefit obligation expense:
Actuarial loss		(2,026	)		(709	)		(1,317	)
Less reclassification adjustment for amortization		(231	)		(81	)		(150	)
		(1,795	)		(628	)		(1,167	)
Other comprehensive loss, net	$	(1,250	)	$	(108	)	$	(1,142	)

	For the year ended December 31, 2010
(In thousands)	Before tax amount			Tax expense (benefit)			Net of tax amount
Unrealized gains on investment securities:
Unrealized holding gains arising during period	$	6,102		$	1,764		$	4,338
Reduction in deferred tax valuation allowance
related to preferred and common stock		-			(97	)		97
Non-credit loss portion of other-than-temporary
impairments		(87	)		(30	)		(57	)
Less adjustment for impaired investments		(479	)		(168	)		(311	)
Less reclassification adjustment for gains
realized in net loss		1,290			452			838
Unrealized gains on investment securities		5,204			1,547			3,851
Unrecognized benefit obligation expense:
Actuarial loss		(538	)		(188	)		(350	)
Less reclassification adjustment for amortization		(143	)		(50	)		(93	)
		(395	)		(138	)		(257	)
Other comprehensive income, net	$	4,809		$	1,409		$	3,594

Other Components of Accumulated Comprehensive Loss in Shareholder's Equity

The other components of accumulated other comprehensive loss included in shareholders' equity at December 31, 2012, 2011, and 2010 are as follows:

	As of December 31,
(In thousands)	2012			2011			2010
Unrecognized benefit obligation	$	(3,556	)	$	(2,734	)	$	(1,567	)
Unrealized gains on AFS investments		3,414			3,534			3,509
Accumulated other comprehensive (loss) income	$	(142	)	$	800		$	1,942