CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2019

Stockholders' Equity Note [Abstract]

Schedule of Actual and Required Capital Ratios

The actual and required capital ratios were as follows:



	June 30, 2019		Regulatory Minimum to be Well Capitalized		December 31, 2018		Regulatory Minimum to be Well Capitalized
Company (consolidated)
Total capital to risk weighted assets	12.9	%	N/A		13.0	%	N/A
Common equity tier 1 capital to risk weighted assets	11.4		N/A		11.4		N/A
Tier 1 capital to risk weighted assets	11.6		N/A		11.6		N/A
Tier 1 capital to average assets	9.7		N/A		9.0		N/A

Bank
Total capital to risk weighted assets	12.1	%	8.0	%	12.2	%	8.0	%
Common equity tier 1 capital to risk weighted assets	11.5		4.5		11.6		4.5
Tier 1 capital to risk weighted assets	11.5		6.0		11.6		6.0
Tier 1 capital to average assets	9.7		4.0		9.0		4.0

Schedule of Components of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income is as follows:



(In thousands)	June 30, 2019			December 31, 2018
Other accumulated comprehensive income, before tax:
Net unrealized holding gain/(loss) on AFS securities	$	18,056		$	(15,267	)
Net unrealized holding (loss) on pension plans	(2,753		)	(2,753		)

Income taxes related to items of accumulated other comprehensive income:
Net unrealized tax (expense)/benefit on AFS securities	(4,738		)	3,814
Net unrealized tax benefit on pension plans	736			736
Accumulated other comprehensive income/(loss)	$	11,301		$	(13,470	)

Schedule of Components of Other Comprehensive Income

The following table presents the components of other comprehensive income for the three months ended June 30, 2019 and 2018:



(In thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2019
Net unrealized holding gain on AFS securities:	x
Net unrealized gains arising during the period	$	19,106		$	(4,900	)	$	14,206
Less: reclassification adjustment for (losses) realized in net income	(2		)	1			(1		)
Net unrealized holding gain on AFS securities	19,108			(4,901		)	14,207
Other comprehensive income	$	19,108		$	(4,901	)	$	14,207

Three Months Ended June 30, 2018
Net unrealized holding (loss) on AFS securities:
Net unrealized (losses) arising during the period	$	(7,839	)	$	2,001		$	(5,838	)
Less: reclassification adjustment for losses realized in net income	1			—			1
Net unrealized holding (loss) on AFS securities	(7,840		)	2,001			(5,839		)
Other comprehensive (loss)	$	(7,840	)	$	2,001		$	(5,839	)



(In thousands)	Before Tax			Tax Effect			Net of Tax
Six Months Ended June 30, 2019
Net unrealized holding gain on AFS securities:	x
Net unrealized gains arising during the period	$	33,327		$	(8,553	)	$	24,774
Less: reclassification adjustment for gains realized in net income	4			(1		)	3
Net unrealized holding gain on AFS securities	33,323			(8,552		)	24,771
Other comprehensive income	$	33,323		$	(8,552	)	$	24,771

Six Months Ended June 30, 2018
Net unrealized holding (loss) on AFS securities:
Net unrealized (losses) arising during the period	$	(27,001	)	$	6,932		$	(20,069	)
Less: reclassification adjustment for losses realized in net income	1			—			1
Net unrealized holding (loss) on AFS securities	(27,002		)	6,932			(20,070		)
Other comprehensive (loss)	$	(27,002	)	$	6,932		$	(20,070	)
Less: reclassification related to adoption of ASU 2016-01	8,379			(2,126		)	6,253
Less: reclassification related to adoption of ASU 2018-01	—			(896		)	(896		)
Total change to accumulated other comprehensive (loss)	(35,381		)	9,954			(25,427		)

Schedule of Gross Changes in Each Component of Accumulated Other Comprehensive Income

The following table presents the changes in each component of accumulated other comprehensive (loss) income, for the three and six months ended June 30, 2019 and 2018:



(In thousands)	Net unrealized holding loss on AFS Securities			Net unrealized holding loss on pension plans			Total
Three Months Ended June 30, 2019
Balance at Beginning of Period	$	(889	)	$	(2,017	)	$	(2,906	)
Other comprehensive income before reclassifications	14,206			—			14,206
Less: amounts reclassified from accumulated other comprehensive income (loss)	(1		)	—			(1		)
Total other comprehensive income	14,207			—			14,207
Balance at End of Period	$	13,318		$	(2,017	)	$	11,301

Three Months Ended June 30, 2018
Balance at Beginning of Period	$	(13,182	)	$	(2,245	)	$	(15,427	)
Other comprehensive (loss) before reclassifications	(5,838		)	—			(5,838		)
Less: amounts reclassified from accumulated other comprehensive income (loss)	1			—			1
Total other comprehensive (loss)	(5,839		)	—			(5,839		)
Balance at End of Period	$	(19,021	)	$	(2,245	)	$	(21,266	)

Six Months Ended June 30, 2019
Balance at Beginning of Period	$	(11,453	)	$	(2,017	)	$	(13,470	)
Other comprehensive income before reclassifications	24,774			—			24,774
Less: amounts reclassified from accumulated other comprehensive income	3			—			3
Total other comprehensive (loss)	24,771			—			24,771
Balance at End of Period	$	13,318		$	(2,017	)	$	11,301

Six Months Ended June 30, 2018
Balance at Beginning of Period	$	6,008		$	(1,847	)	$	4,161
Other comprehensive gain (loss) before reclassifications	(20,069		)	—			(20,069		)
Less: amounts reclassified from accumulated other comprehensive income	1			—			1
Total other comprehensive (loss) income	(20,070		)	—			(20,070		)
Less: amounts reclassified from accumulated other comprehensive income (loss) related to adoption of ASU 2016-01 and ASU 2018-02	4,959			398			5,357
Balance at End of Period	$	(19,021	)	$	(2,245	)	$	(21,266	)

Schedule of Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2019 and 2018:



						Affected Line Item in the
	Three Months Ended June 30,					Statement where Net Income
(In thousands)	2019			2018		is Presented
Realized gains on AFS securities:
	$	(2	)	$	1	Non-interest income
	1			—		Tax expense
	(1		)	1		Net of tax

Total reclassifications for the period	$	(1	)	$	1	Net of tax



						Affected Line Item in the
	Six Months Ended June 30,					Statement where Net Income
(In thousands)	2019			2018		is Presented
Realized gains on AFS securities:
	$	4		$	1	Non-interest income
	(1		)	—		Tax expense
	3			1		Net of tax

Total reclassifications for the period	$	3		$	1	Net of tax