NOTE 8 ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

Accumulated other comprehensive income or loss represents the net unrealized holding gains or losses on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other benefit plans, as of the consolidated balance sheet dates, net of the related tax effect.

The following is a summary of the changes in accumulated other comprehensive income or loss by component, net of tax, for the periods indicated (in thousands):

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at March 31, 2015	$	2,734		$	(10,521	)	$	(7,787	)
Other comprehensive income before reclassification		(1,394	)		-			(1,394	)
Amounts reclassified from accumulated other comprehensive income		(156	)		223			67
Net current period other comprehensive gain		(1,550	)		223			(1,327	)
Balance at June 30, 2015	$	1,184		$	(10,298	)	$	(9,114	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at January 1, 2015	$	1,960		$	(10,745	)	$	(8,785	)
Other comprehensive income before reclassification		(589	)		-			(589	)
Amounts reclassified from accumulated other comprehensive income		(187	)		447			260
Net current period other comprehensive gain		(776	)		447			(329	)
Balance at June 30, 2015	$	1,184		$	(10,298	)	$	(9,114	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at March 31, 2014	$	6,587		$	(5,800	)	$	787
Other comprehensive income before reclassification		696			-			696
Amounts reclassified from accumulated other comprehensive income		(321	)		88			(233	)
Net current period other comprehensive gain		375			88			463
Balance at June 30, 2014	$	6,962		$	(5,712	)	$	1,250

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at January 1, 2014	$	6,043		$	(5,888	)	$	155
Other comprehensive income before reclassification		1,240			-			1,240
Amounts reclassified from accumulated other comprehensive income		(321	)		176			(145	)
Net current period other comprehensive gain		919			176			1,095
Balance at June 30, 2014	$	6,962		$	(5,712	)	$	1,250

The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands):

Details about Accumulated Other Comprehensive Income Components	Three Months Ended June 30,						Affected Line Item in the Statement Where Net Income is Presented
	2015			2014
Unrealized gains and losses on securities available for sale:
Realized gains on securities available for sale	$	(252	)	$	(522	)	Net gains on securities transactions
Tax effect		96			201		Income tax expense
Net of tax		(156	)		(321	)
Amortization of defined pension plan and other benefit plan items:
Prior service costs (a)		(21	)		(22	)	Pension and other employee benefits
Actuarial losses (a)		384			165		Pension and other employee benefits
Tax effect		(140	)		(55	)	Income tax expense
Net of tax		223			88
Total reclassification for the period, net of tax	$	67		$	(233	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 9 for additional information).

Details about Accumulated Other Comprehensive Income Components	Six Months Ended June 30,						Affected Line Item in the Statement Where Net Income is Presented
	2015			2014
Unrealized gains and losses on securities available for sale:
Realized gains on securities available for sale	$	(302	)	$	(522	)	Net gains on securities transactions
Tax effect		115			201		Income tax expense
Net of tax		(187	)		(321	)
Amortization of defined pension plan and other benefit plan items:
Prior service costs (a)		(43	)		(44	)	Pension and other employee benefits
Actuarial losses (a)		767			330		Pension and other employee benefits
Tax effect		(277	)		(110	)	Income tax expense
Net of tax		447			176
Total reclassification for the period, net of tax	$	260		$	(145	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 9 for additional information).