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OTHER COMPREHENSIVE INCOME (Tables) | 6 Months Ended
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Jun. 30, 2017
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, 2017 |  |  | June 30, 2016 |  |  | June 30, 2017 |  |  | June 30, 2016 |
Unrealized holding gains on available for sale securities |  | $ | 2,595 |  |  | $ | 2,725 |  |  | $ | 4,211 |  |  | $ | 12,465 |
Reclassification adjustment for gains realized in income |  |  | - |  |  |  | (383 | ) |  |  | - |  |  |  | (449 | )
Income tax effect |  |  | (1,062 | ) |  |  | (950 | ) |  |  | (1,668 | ) |  |  | (4,867 | )
Net change in unrealized gains on available for sale securities |  |  | 1,533 |  |  |  | 1,392 |  |  |  | 2,543 |  |  |  | 7,149 |
Reclassification adjustment for amortization realized in income |  |  | 113 |  |  |  | 99 |  |  |  | 227 |  |  |  | 193 |
Income tax effect |  |  | (47 | ) |  |  | (41 | ) |  |  | (64 | ) |  |  | (74 | )
Net change in post-retirement obligation |  |  | 66 |  |  |  | 58 |  |  |  | 163 |  |  |  | 119 |
Change in fair value of derivatives used for cash flow hedges |  |  | (1,385 | ) |  |  | (661 | ) |  |  | (1,360 | ) |  |  | (2,684 | )
Reclassification adjustment for losses realized in income |  |  | 459 |  |  |  | 239 |  |  |  | 734 |  |  |  | 489 |
Income tax effect |  |  | 379 |  |  |  | 171 |  |  |  | 253 |  |  |  | 891 |
Net change in unrealized loss on cash flow hedges |  |  | (547 | ) |  |  | (251 | ) |  |  | (373 | ) |  |  | (1,304 | )
Other comprehensive income |  | $ | 1,052 |  |  | $ | 1,199 |  |  | $ | 2,333 |  |  | $ | 5,964 |
Schedule of the accumulated other comprehensive income balances, net of income tax |
|  |  |  |  | Other Comprehensive |  |  |  |
(In thousands) |  | December 31, 2016 |  |  | Income |  |  | June 30, 2017 |
Unrealized losses on available for sale securities |  | $ | (8,823 | ) |  | $ | 2,543 |  |  | $ | (6,280 | )
Unrealized losses on pension benefits |  |  | (4,741 | ) |  |  | 163 |  |  |  | (4,578 | )
Unrealized gains on cash flow hedges |  |  | 500 |  |  |  | (373 | ) |  |  | 127 |
Accumulated other comprehensive loss |  | $ | (13,064 | ) |  | $ | 2,333 |  |  | $ | (10,731 | )
Schedule of reclassifications out of accumulated other comprehensive income |
|  | Three Months Ended |  |  | Six Months Ended |  |  | Affected Line Item
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |  |  | in the Consolidated
(In thousands) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | Statements of Income
Realized gains on sale of available for sale securities |  | $ | - |  |  | $ | 383 |  |  | $ | - |  |  | $ | 449 |  |  | Net securities gains
Amortization of defined benefit pension plan and defined benefit plan component of the SERP: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior service credit |  |  | 19 |  |  |  | 19 |  |  |  | 38 |  |  |  | 38 |  |  | Salaries and employee benefits
Transition obligation |  |  | (7 | ) |  |  | (7 | ) |  |  | (14 | ) |  |  | (14 | ) |  | Salaries and employee benefits
Actuarial losses |  |  | (125 | ) |  |  | (111 | ) |  |  | (251 | ) |  |  | (217 | ) |  | Salaries and employee benefits
Realized losses on cash flow hedges |  |  | (459 | ) |  |  | (239 | ) |  |  | (734 | ) |  |  | (489 | ) |  | Interest expense
Total reclassifications, before income tax |  | $ | (572 | ) |  | $ | 45 |  |  | $ | (961 | ) |  | $ | (233 | ) |  |
Income tax benefit (expense) |  |  | 234 |  |  |  | (18 | ) |  |  | 393 |  |  |  | 94 |  |  | Income tax expense
Total reclassifications, net of income tax |  | $ | (338 | ) |  | $ | 27 |  |  | $ | (568 | ) |  | $ | (139 | ) |  |

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