OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2016

OTHER COMPREHENSIVE INCOME [Abstract]

OTHER COMPREHENSIVE INCOME

(17) OTHER COMPREHENSIVE INCOME

The following tables present the components of other comprehensive income (loss) and the related tax effects allocated to each component for the years ended December 31, 2016, 2015 and 2014:

	2016
	Before	Tax	Net
	Tax	(Expense)	of Tax
	Amount	Benefit	Amount
	(In thousands)
Net unrealized gains on available-for-sale securities:
Unrealized (losses) gains arising during
holding period	$    (12,672)	$      4,854	$      (7,818)
Reclassification adjustment for net (gains) losses
realized in net income (1)	(128)	49	(79)
Recognized employee benefit plan net
periodic benefit cost (2)	(1,967)	752	(1,215)
Other comprehensive (loss) income	$    (14,767)	$      5,655	$      (9,112)

	2015
	Before	Tax	Net
	Tax	(Expense)	of Tax
	Amount	Benefit	Amount
	(In thousands)
Net unrealized gains on available-for-sale securities:
Unrealized (losses) gains arising during
holding period	$      (9,340)	$      3,577	$      (5,763)
Reclassification adjustment for net (gains) losses
realized in net income (1)	(136)	52	(84)
Recognized employee benefit plan net
periodic benefit cost (2)	12,482	(4,774)	7,708
Other comprehensive income (loss)	$      3,006	$      (1,145)	$      1,861

	2014
	Before	Tax	Net
	Tax	(Expense)	of Tax
	Amount	Benefit	Amount
	(In thousands)
Net unrealized gains on available-for-sale securities:
Unrealized gains (losses) arising during
holding period	$     26,016	$       (9,965)	$     16,051
Reclassification adjustment for net (gains) losses
realized in net income (1)	(37)	14	(23)
Recognized employee benefit plan net
periodic benefit cost (2)	(48,187)	18,432	(29,755)
Other comprehensive (loss) income	$     (22,208)	$       8,481	$     (13,727)

(1) Reclassification adjustments for net gains on available-for-sale securities are reported as security gains, net on the consolidated statement of income.

(2) Recognized employee benefit plan net periodic benefit cost include, recognized prior service cost and recognized net loss.  For more information, see Footnote 14 – Pension, Other Post Retirement Benefit and Profit Sharing Plans.