ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI")

3 Months Ended

Mar. 31, 2016

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

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI")

2. ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS (“AOCI”)

The changes in the Company’s AOCI by component, net of tax, for the three months ended March 31, 2016 and 2015 follow (in thousands).

	Three Months Ended March 31, 2016												Three Months Ended March 31, 2015
	Unrealized Gains and Losses on Available for Sale Securities			Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity			Pension and Post- Retirement Plan Items			Total			Unrealized Gains and Losses on Available for Sale Securities			Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity			Pension and Post- Retirement Plan Items			Total
Beginning balance	$	1,436		$	(1,395	)	$	(8,617	)	$	(8,576	)	$	2,637		$	(1,805	)	$	(7,675	)	$	(6,843	)
Other comprehensive income before reclassifications		1,612			-			-			1,612			1,091			-			-			1,091
Amounts reclassified from AOCI		(4	)		305			-			301			(16	)		41			-			25
Net other comprehensive income		1,608			305			-			1,913			1,075			41			-			1,116
Ending balance	$	3,044		$	(1,090	)	$	(8,617	)	$	(6,663	)	$	3,712		$	(1,764	)	$	(7,675	)	$	(5,727	)

Reclassifications out of AOCI for the three months ended March 31, 2016 and 2015 follow (in thousands).

	Amount Reclassified from AOCI
	Three Months Ended March 31,						Affected Line Item in the Statement
Details about AOCI Components	2016			2015			Where Net Income is Presented
Unrealized gains and losses on available for sale securities	$	6		$	26		Net gain on sale of securities available for sale
Unrealized losses on securities transferred from available for sale to held to maturity		(488	)		(68	)	Interest income - U.S. Government agency obligations
Subtotal, pre-tax		(482	)		(42	)
Income tax effect		181			17		Income tax expense
Total, net of tax	$	(301	)	$	(25	)