ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI")

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2016 and 2015 follow (in thousands).

	Three Months Ended September 30, 2016												Three Months Ended September 30, 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	$	3,602		$	(484	)	$	(8,617	)	$	(5,499	)	$	2,108		$	(1,724	)	$	(7,675	)	$	(7,291	)
Other comprehensive (loss) income before reclassifications		(826	)		-			-			(826	)		1,087			-			-			1,087
Amounts reclassified from AOCI		(309	)		411			-			102			(79	)		55			-			(24	)
Net other comprehensive (loss) income		(1,135	)		411			-			(724	)		1,008			55			-			1,063
Ending balance	$	2,467		$	(73	)	$	(8,617	)	$	(6,223	)	$	3,116		$	(1,669	)	$	(7,675	)	$	(6,228	)

	Nine Months Ended September 30, 2016												Nine Months Ended September 30, 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		1,354			-			-			1,354			670			-			-			670
Amounts reclassified from AOCI		(323	)		1,322			-			999			(191	)		136			-			(55	)
Net other comprehensive income		1,031			1,322			-			2,353			479			136			-			615
Ending balance	$	2,467		$	(73	)	$	(8,617	)	$	(6,223	)	$	3,116		$	(1,669	)	$	(7,675	)	$	(6,228	)

Reclassifications out of AOCI for the three and nine months ended September 30, 2016 and 2015 follow (in thousands).

	Amount Reclassified from AOCI
	Three Months Ended September 30,						Nine Months Ended September 30,						Affected Line Item in the Statement
Details about AOCI Components	2016			2015			2016			2015			Where Net Income is Presented
Unrealized gains and losses on available for sale securities	$	523		$	133		$	547		$	319		Net gain on sale of securities available for sale
Unrealized losses on securities transferred from available for sale to held to maturity		(690	)		(69	)		(2,200	)		(203	)	Interest income - U.S. Government agency obligations
Subtotal, pre-tax		(167	)		64			(1,653	)		116
Income tax effect		65			(40	)		654			(61	)	Income tax expense
Total, net of tax	$	(102	)	$	24		$	(999	)	$	55