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OTHER COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2014
OTHER COMPREHENSIVE INCOME [Abstract]  
Components of accumulated other comprehensive income (loss), net of tax
The components of accumulated other comprehensive income (loss), net of tax, as of December 31, were as follows (in thousands):
 
 
 2014
 2013
Net unrealized gain (loss) on securities available for sale
 $              4,687
 $         (162)
Tax effect
1,594
(54)
Net -of-tax amount
3,093
(108)
     
Unrecognized pension costs
(3,525)
(1,693)
Tax effect
(1,199)
(576)
Net -of-tax amount
(2,326)
(1,117)
     
Total accumulated other comprehensive income (loss)
 $                 767
 $      (1,225)
Schedule of the significant amounts reclassified out of each component of accumulated other comprehensive income
The following tables present the changes in accumulated other comprehensive (loss) income by component net of tax for the years ended December 31, 2014 and 2013 (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, 2012
 $              6,754
 $         (132)
 $         (1,991)
 $        4,631
Other comprehensive income (loss) before reclassifications (net of tax)
                (6,571)
              132
             1,044
         (5,395)
Amounts reclassified from accumulated other
       
     comprehensive income (loss) (net of tax)
                   (291)
                -
               (170)
            (461)
Net current period other comprehensive income (loss)
                (6,862)
              132
                874
         (5,856)
Balance as of December 31, 2013
 $                (108)
 $             -
 $         (1,117)
 $      (1,225)
         
Balance as of December 31, 2013
 $                (108)
 $             -
 $         (1,117)
 $      (1,225)
Other comprehensive income (loss) before reclassifications (net of tax)
                 3,608
                -
            (1,175)
           2,433
Amounts reclassified from accumulated other
       
     comprehensive income (loss) (net of tax)
                   (407)
                -
                 (34)
            (441)
Net current period other comprehensive income (loss)
                 3,201
                -
            (1,209)
           1,992
Balance as of December 31, 2014
 $              3,093
 $             -
 $         (2,326)
 $           767
(a) Amounts in parentheses indicate debits
       
 
The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2014 and 2013:
 
Details about accumulated other comprehensive income (loss)
Amount reclassified from
accumulated comprehensive income
(loss) (a)
 
Affected line item in the statement
where net Income is presented
 
December 31,
  
 
2014
2013
  
Unrealized gains and losses on available for sale securities
      
 
 $                 616
 $           441
 
Investment securities gains, net
 
                   (209)
            (150)
 
Provision for income taxes
 
 $                 407
 $           291
 
Net of tax
        
Defined benefit pension items
      
 
 $              51
 $          257
 
Salaries and employee benefits
 
                   (17)
              (87)
 
Provision (benefit) for income taxes
 
 $              34
 $         170
 
Net of tax
(a) Amounts in parentheses indicate debits to profit/loss