CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of Actual and Required Capital Ratios

The actual and required capital ratios were as follows:

	September 30, 2020		Regulatory Minimum to be Well Capitalized		December 31, 2019		Regulatory Minimum to be Well Capitalized
Company (consolidated)
Total capital to risk weighted assets	15.4	%	N/A		13.7	%	N/A
Common equity tier 1 capital to risk weighted assets	13.2		N/A		12.1		N/A
Tier 1 capital to risk weighted assets	13.4		N/A		12.3		N/A
Tier 1 capital to average assets	9.2		N/A		9.3		N/A
Bank
Total capital to risk weighted assets	14.3	%	10.0	%	12.8	%	10.0	%
Common equity tier 1 capital to risk weighted assets	13.2		6.5		12.2		6.5
Tier 1 capital to risk weighted assets	13.2		8.0		12.2		8.0
Tier 1 capital to average assets	9.0		5.0		9.1		5.0

Schedule of Components of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income is as follows:

(In thousands)	September 30, 2020		December 31, 2019
Other accumulated comprehensive income, before tax:
Net unrealized holding gain on AFS securities	$	46,792	$	19,263
Net unrealized holding (loss) on pension plans	(3,023)		(3,023)
Income taxes related to items of accumulated other comprehensive income:
Net unrealized tax (expense) on AFS securities	(12,155)		(5,059)
Net unrealized tax benefit on pension plans	812		812
Accumulated other comprehensive income	$	32,426	$	11,993

Schedule of Components of Other Comprehensive Income

The following table presents the components of other comprehensive income for the three and nine months ended September 30, 2020 and 2019:

(In thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended September 30, 2020
Net unrealized holding gain on AFS securities:	x
Net unrealized gains arising during the period	$	(1,079)	$	270	$	(809)
Less: reclassification adjustment for gains realized in net income	6		(2)		4
Net unrealized holding gain on AFS securities	(1,085)		272		(813)
Other comprehensive income	$	(1,085)	$	272	$	(813)
Three Months Ended September 30, 2019
Net unrealized holding gain on AFS securities:
Net unrealized gains arising during the period	$	6,159	$	(1,576)	$	4,583
Less: reclassification adjustment for (losses) realized in net income	5		(1)		4
Net unrealized holding gain on AFS securities	6,154		(1,575)		4,579
Other comprehensive income	$	6,154	$	(1,575)	$	4,579

(In thousands)	Before Tax		Tax Effect		Net of Tax
Nine Months Ended September 30, 2020
Net unrealized holding gain on AFS securities:	x
Net unrealized gains arising during the period	$	27,534	$	(7,097)	$	20,437
Less: reclassification adjustment for (losses) realized in net income	5		(1)		4
Net unrealized holding gain on AFS securities	27,529		(7,096)		20,433
Other comprehensive income	$	27,529	$	(7,096)	$	20,433
Nine Months Ended September 30, 2019
Net unrealized holding gain on AFS securities:
Net unrealized gains arising during the period	$	39,486	$	(10,129)	$	29,357
Less: reclassification adjustment for gains realized in net income	9		(2)		7
Net unrealized holding gain on AFS securities	39,477		(10,127)		29,350
Other comprehensive income	$	39,477	$	(10,127)	$	29,350

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 income, for the three and nine ended September 30, 2020 and 2019:

(In thousands)	Net unrealized holding loss on AFS Securities		Net unrealized holding loss on pension plans		Total
Three Months Ended September 30, 2020
Balance at Beginning of Period	$	35,450	$	(2,211)	$	33,239
Other comprehensive income before reclassifications	(809)		—		(809)
Less: amounts reclassified from accumulated other comprehensive income	4		—		4
Total other comprehensive income	(813)		—		(813)
Balance at End of Period	$	34,637	$	(2,211)	$	32,426
Three Months Ended September 30, 2019
Balance at Beginning of Period	$	13,318	$	(2,017)	$	11,301
Other comprehensive income before reclassifications	4,583		—		4,583
Less: amounts reclassified from accumulated other comprehensive income	4		—		4
Total other comprehensive income	4,579		—		4,579
Balance at End of Period	$	17,897	$	(2,017)	$	15,880
Nine Months Ended September 30, 2020
Balance at Beginning of Period	$	14,204	$	(2,211)	$	11,993
Other comprehensive income before reclassifications	20,437		—		20,437
Less: amounts reclassified from accumulated other comprehensive income	4		—		4
Total other comprehensive income	20,433		—		20,433
Balance at End of Period	$	34,637	$	(2,211)	$	32,426
Nine Months Ended September 30, 2019
Balance at Beginning of Period	$	(11,453)	$	(2,017)	$	(13,470)
Other comprehensive income before reclassifications	29,357		—		29,357
Less: amounts reclassified from accumulated other comprehensive income	7		—		7
Total other comprehensive income	29,350		—		29,350
Balance at End of Period	$	17,897	$	(2,017)	$	15,880

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 income for the three and nine ended September 30, 2020 and 2019:

					Affected Line Item in the
	Three Months Ended September 30,				Statement where Net Income
(In thousands)	2020		2019		is Presented
Realized gains on AFS securities:
	$	6	$	5	Non-interest income
	(2)		(1)		Tax expense
	4		4		Net of tax
Total reclassifications for the period	$	4	$	4	Net of tax

					Affected Line Item in the
	Nine Months Ended September 30,				Statement where Net Income
(In thousands)	2020		2019		is Presented
Realized gains on AFS securities:
	$	5	$	9	Non-interest income
	(1)		(2)		Tax expense
	4		7		Net of tax
Total reclassifications for the period	$	4	$	7	Net of tax