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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 31, 2020
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]  
Accumulated Other Comprehensive Income (Loss) (AOCIL), Net of Tax

A summary of changes in accumulated other comprehensive income (loss) (‘‘AOCIL’’), net of tax during the years ended December 31 follows:

 
Unrealized
Gains
(Losses) on
Securities
Available
for Sale
   
Dispropor-
tionate
Tax Effects
from
Securities
Available
for Sale
   
Unrealized
Gains
(Losses) on
Cash Flow
Hedges
   
Total
 
   
(In thousands)
 
2020
                       
Balances at beginning of period
 
$
3,739
   
$
(5,798
)
 
$
(1,727
)
 
$
(3,786
)
Other comprehensive income (loss) before reclassifications
   
12,294
     
-
     
(279
)
   
12,015
 
Amounts reclassified from AOCIL
   
(211
)
   
-
     
2,006
     
1,795
 
Net current period other comprehensive income
   
12,083
     
-
     
1,727
     
13,810
 
Balances at end of period
 
$
15,822
   
$
(5,798
)
 
$
-
   
$
10,024
 
                                 
2019
                               
Balances at beginning of period
 
$
(4,185
)
 
$
(5,798
)
 
$
(125
)
 
$
(10,108
)
Other comprehensive income (loss) before reclassifications
   
8,035
     
-
     
(1,266
)
   
6,769
 
Amounts reclassified from AOCIL
   
(111
)
   
-
     
(336
)
   
(447
)
Net current period other comprehensive income (loss)
   
7,924
     
-
     
(1,602
)
   
6,322
 
Balances at end of period
 
$
3,739
   
$
(5,798
)
 
$
(1,727
)
 
$
(3,786
)
                                 
2018
                               
Balances at beginning of period
 
$
(470
)
 
$
(5,798
)
 
$
269
   
$
(5,999
)
Other comprehensive loss before reclassifications
   
(3,671
)
   
-
     
(207
)
   
(3,878
)
Amounts reclassified from AOCIL
   
(44
)
   
-
     
(187
)
   
(231
)
Net current period other comprehensive loss
   
(3,715
)
   
-
     
(394
)
   
(4,109
)
Balances at end of period
 
$
(4,185
)
 
$
(5,798
)
 
$
(125
)
 
$
(10,108
)
Reclassifications Out of Each Component of AOCIL

A summary of reclassifications out of each component of AOCIL for the years ended December 31 follows:

AOCIL Component
 
Reclassified
From
AOCIL
 
 Affected Line Item in
 Consolidated Statements of Operations
   
(In thousands)
   
           
2020
        
Unrealized gains (losses) on securities available for sale
 
$
267
 
Net gains on securities
     
-
 
Net impairment loss recognized in earnings
     
267
 
Total reclassifications before tax
     
56
 
Income tax expense
   
$
211
 
Reclassifications, net of tax
             
             
Unrealized gains (losses) on cash flow hedges
 
$
2,539
 
Interest expense
     
533
 
Income tax expense
   
$
2,006
 
Reclassification, net of tax
             
   
$
(1,795
)
Total reclassifications for the period, net of tax
             
2019
          
Unrealized gains (losses) on securities available for sale
 
$
140
 
Net gains on securities
     
-
 
Net impairment loss recognized in earnings
     
140
 
Total reclassifications before tax
     
29
 
Income tax expense
   
$
111
 
Reclassifications, net of tax
             
Unrealized gains (losses) on cash flow hedges
 
$
(425
)
Interest expense
     
(89
)
Income tax expense
   
$
(336
)
Reclassification, net of tax
             
   
$
447
 
Total reclassifications for the period, net of tax
             
2018
          
Unrealized gains (losses) on securities available for sale
 
$
56
 
Net gains on securities
     
-
 
Net impairment loss recognized in earnings
     
56
 
Total reclassifications before tax
     
12
 
Income tax expense
   
$
44
 
Reclassifications, net of tax
             
Unrealized gains (losses) on cash flow hedges
 
$
(237
)
Interest expense
     
(50
)
Income tax expense
   
$
(187
)
Reclassification, net of tax
             
   
$
231
 
Total reclassifications for the period, net of tax