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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables) | 12 Months Ended
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Dec. 31, 2021
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME [Abstract] |
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax | The components of accumulated other comprehensive income (loss), net of tax, as of December 31, were as follows (in thousands):
|  | 2021 |  |  | 2020 |
Net unrealized gain on securities available for sale |  | $ | 385 |  |  | $ | 7,668 |
Tax effect |  |  | (81 | ) |  |  | (1,610 | )
Net -of-tax amount |  |  | 304 |  |  |  | 6,058 |
Unrealized gain (loss) on interest rate swap |  |  | 1,910 |  |  |  | (11 | )
Tax effect |  |  | (401 | ) |  |  | 2 |
Net -of-tax amount |  |  | 1,509 |  |  |  | (9 | )
Unrecognized pension costs |  |  | (2,491 | ) |  |  | (4,383 | )
Tax effect |  |  | 523 |  |  |  | 921 |
Net -of-tax amount |  |  | (1,968 | ) |  |  | (3,462 | )
Total accumulated other comprehensive (loss) income |  | $ | (155 | ) |  | $ | 2,587 |
The following tables present the changes in accumulated other comprehensive income (loss) by component net of tax for the years ended December 31, 2021, 2020 and 2019 (in thousands):
|  | Unrealized gain (loss) on available for sale securities (a) |  |  | Unrealized gain (loss) on interest rate swap (a) |  |  | Defined Benefit Pension Items (a) |  |  | Total |
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 (loss) |  |  | 3,263 |  |  |  | - |  |  |  | 29 |  |  |  | 3,292 |
Balance as of December 31, 2019 |  | $ | 2,290 |  |  | $ | - |  |  | $ | (2,919 | ) |  | $ | (629 | )
Balance as of December 31, 2019 |  | $ | 2,290 |  |  | $ | - |  |  | $ | (2,919 | ) |  | $ | (629 | )
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | 4,008 |  |  |  | 4 |  |  |  | (727 | ) |  |  | 3,285 |
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | (240 | ) |  |  | (13 | ) |  |  | 184 |  |  |  | (69 | )
Net current period other comprehensive income (loss) |  |  | 3,768 |  |  |  | (9 | ) |  |  | (543 | ) |  |  | 3,216 |
Balance as of December 31, 2020 |  | $ | 6,058 |  |  | $ | (9 | ) |  | $ | (3,462 | ) |  | $ | 2,587 |
Balance as of December 31, 2020 |  | $ | 6,058 |  |  | $ | (9 | ) |  | $ | (3,462 | ) |  | $ | 2,587 |
Other comprehensive income (loss) before reclassifications (net of tax) |  |  | (5,586 | ) |  |  | 1,403 |  |  |  | 1,229 |  |  |  | (2,954 | )
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax) |  |  | (168 | ) |  |  | 115 |  |  |  | 265 |  |  |  | 212 |
Net current period other comprehensive income (loss) |  |  | (5,754 | ) |  |  | 1,518 |  |  |  | 1,494 |  |  |  | (2,742 | )
Balance as of December 31, 2021 |  | $ | 304 |  |  | $ | 1,509 |  |  | $ | (1,968 | ) |  | $ | (155 | )
(a) Amounts in parentheses indicate debits
Significant Amounts Reclassified out of each Component of Accumulated Other Comprehensive Loss | The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive loss for the years ended December 31, 2021, 2020 and 2019 (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, |  |
|  | 2021 |  |  | 2020 |  |  | 2019 |  |
Unrealized gains and losses on available for sale securities |  |  |  |  |  |  |  |  |  |
|  | $ | 212 |  |  | $ | 305 |  |  | $ | 24 |  | Available for sale securities gains, net
|  |  | (44 | ) |  |  | (65 | ) |  |  | (4 | ) | Provision for income taxes
|  | $ | 168 |  |  | $ | 240 |  |  | $ | 20 |  | Net of tax
Unrealized gain (loss) on interest rate swap |  | $ | (147 | ) |  | $ | 18 |  |  | $ | - |  | Interest expense
|  |  | 32 |  |  |  | (5 | ) |  |  | - |  | Provision for income taxes
|  | $ | (115 | ) |  | $ | 13 |  |  | $ | - |  | Net of tax
Defined benefit pension items |  |  |  |  |  |  |  |  |  |  |  |  |
|  | $ | (336 | ) |  | $ | (233 | ) |  | $ | (272 | ) | Other expenses
|  |  | 71 |  |  |  | 49 |  |  |  | 57 |  | Provision for income taxes
|  | $ | (265 | ) |  | $ | (184 | ) |  | $ | (215 | ) | Net of tax
Total reclassifications |  | $ | (212 | ) |  | $ | 69 |  |  | $ | (195 | ) |
(a) Amounts in parentheses indicate debits

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