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OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2019
OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS)
13. OTHER COMPREHENSIVE INCOME (LOSS)
The components of accumulated other comprehensive loss, net of tax, as of December 31, were as follows (in thousands):
 
 
2019
  
2018
 
Net unrealized gain (loss) on securities available for sale
 
$
2,899
  
$
(1,232
)
Tax effect
  
(609
)
  
259
 
Net -of-tax amount
  
2,290
   
(973
)
 
        
 
        
Unrecognized pension costs
  
(3,695
)
  
(3,731
)
Tax effect
  
776
   
783
 
Net -of-tax amount
  
(2,919
)
  
(2,948
)
 
        
Total accumulated other comprehensive loss
 
$
(629
)
 
$
(3,921
)

The following tables present the changes in accumulated other comprehensive income (loss) by component net of tax for the years ended December 31, 2019, 2018 and 2017 (in thousands):

 
 
Unrealized gain (loss) on available for sale securities (a)
  
Defined Benefit Pension Items (a)
  
Total
 
Balance as of December 31, 2016
 
$
1,306
  
$
(2,698
)
 
$
(1,392
)
Other comprehensive income (loss) before reclassifications (net of tax)
  
(847
)
  
(65
)
  
(912
)
Amounts reclassified from accumulated other
            
     comprehensive income (loss) (net of tax)
  
(683
)
  
148
   
(535
)
Net current period other comprehensive income (loss)
  
(1,530
)
  
83
   
(1,447
)
Change in other comprehensive income due to change
            
     in the federal tax rate
  
(45
)
  
(514
)
  
(559
)
Balance as of December 31, 2017
 
$
(269
)
 
$
(3,129
)
 
$
(3,398
)
 
            
Balance as of December 31, 2017
 
$
(269
)
 
$
(3,129
)
 
$
(3,398
)
Change in Accounting policy for equity securities
  
1
       
1
 
Other comprehensive income (loss) before reclassifications (net of tax)
  
(720
)
  
34
   
(686
)
Amounts reclassified from accumulated other
            
     comprehensive income (loss) (net of tax)
  
15
   
147
   
162
 
Net current period other comprehensive income (loss)
  
(705
)
  
181
   
(524
)
Balance as of December 31, 2018
 
$
(973
)
 
$
(2,948
)
 
$
(3,921
)
 
            
Balance as of December 31, 2018
 
$
(973
)
 
$
(2,948
)
 
$
(3,921
)
Other comprehensive income (loss) before reclassifications (net of tax)
  
3,283
   
(186
)
  
3,097
 
Amounts reclassified from accumulated other
            
     comprehensive income (loss) (net of tax)
  
(20
)
  
215
   
195
 
Net current period other comprehensive income
  
3,263
   
29
   
3,292
 
Balance as of December 31, 2019
 
$
2,290
  
$
(2,919
)
 
$
(629
)
(a) Amounts in parentheses indicate debits
            

The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive loss for the years ended December 31, 2019, 2018 and 2017 (in thousands):

Details about accumulated other comprehensive income (loss)
 
Amount reclassified from accumulated
comprehensive income (loss) (a)
 
Affected line item in the Consolidated Statement of Income
 
 
December 31,
 
 
 
 
2019
  
2018
  
2017
 
 
Unrealized gains and losses on available for sale securities
         
    
 
 
$
24
  
$
(19
)
 
$
1,035
 
Available for sale securities gains, net
 
  
(4
)
  
4
   
(352
)
Provision for income taxes
 
 
$
20
  
$
(15
)
 
$
683
 
Net of tax
 
            
     
Defined benefit pension items
            
    
 
 
$
(272
)
 
$
(186
)
 
$
(225
)
Other expenses
 
  
57
   
39
   
77
 
Provision for income taxes
 
 
$
(215
)
 
$
(147
)
 
$
(148
)
Net of tax
Total reclassifications
 
$
(195
  
$
(162
)
 
$
535
 
 
 
            
     
(a) Amounts in parentheses indicate debits