ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)

6 Months Ended

Jun. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")

2. ACCUMULATED OTHER COMPREHENSIVE INCOME (“AOCI”)

The changes in the Company’s AOCI by component, net of tax, for the three and six months ended June 30, 2013 and 2012 follow (in thousands). The decrease in net unrealized gains on available for sale securities for both the three and six months ended June 30, 2013 resulted solely from the negative impact of higher interest rates in 2013.

	Three Months Ended June 30, 2013									Three Months Ended June 30, 2012
	Unrealized Gains and Losses on Available for Sale Securities			Pension and Post-Retirement Plan Items			Total			Unrealized Gains and Losses on Available for Sale Securities			Pension and Post- Retirement Plan Items			Total
Beginning balance	$	9,333		$	(7,667	)	$	1,666		$	10,300		$	(15,198	)	$	(4,898	)
Other comprehensive loss before reclassifications		(9,201	)		(277	)		(9,478	)		(1,087	)		-			(1,087	)
Amounts reclassified from AOCI		(21	)		-			(21	)		-			-			-
Net other comprehensive loss		(9,222	)		(277	)		(9,499	)		(1,087	)		-			(1,087	)
Ending balance	$	111		$	(7,944	)	$	(7,833	)	$	9,213		$	(15,198	)	$	(5,985	)

	Six Months Ended June 30, 2013									Six Months Ended June 30, 2012
	Unrealized Gains and Losses on Available for Sale Securities			Pension and Post-Retirement Plan Items			Total			Unrealized Gains and Losses on Available for Sale Securities			Pension and Post-Retirement Plan Items			Total
Beginning balance	$	10,553		$	(7,667	)	$	2,886		$	11,873		$	(14,943	)	$	(3,070	)
Other comprehensive loss before reclassifications		(10,192	)		(277	)		(10,469	)		(2,660	)		(255	)		(2,915	)
Amounts reclassified from AOCI		(250	)		-			(250	)		-			-			-
Net other comprehensive loss		(10,442	)		(277	)		(10,719	)		(2,660	)		(255	)		(2,915	)
Ending balance	$	111		$	(7,944	)	$	(7,833	)	$	9,213		$	(15,198	)	$	(5,985	)

The table below presents reclassifications out of AOCI for the three and six months ended June 30, 2013 (in thousands).

	Amount Reclassified from AOCI
Details about AOCI Components	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available for sale securities	$	33		$	392		Net gain on sale of securities available for sale
		(12	)		(142	)	Income tax expense
Total reclassifications, net of tax	$	21		$	250