ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI")

12 Months Ended

Dec. 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 years ended December 31, 2016 and 2015 follow (in thousands).

	Year Ended December 31, 2016												Year Ended December 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 loss before reclassifications		(970	)		-			(1,110	)		(2,080	)		(1,010	)		-			(1,091	)		(2,101	)
Amounts reclassified from AOCI		(364	)		1,324			177			1,137			(191	)		410			149			368
Net other comprehensive (loss) income		(1,334	)		1,324			(933	)		(943	)		(1,201	)		410			(942	)		(1,733	)
Ending balance	$	102		$	(71	)	$	(9,550	)	$	(9,519	)	$	1,436		$	(1,395	)	$	(8,617	)	$	(8,576	)

Reclassifications out of AOCI for the years ended December 31, 2016, 2015 and 2014 follow (in thousands).

	Amount Reclassified from AOCI
	Years Ended December 31,									Affected Line Item in the Statement
Details about AOCI Components	2016			2015			2014			Where Net Income is Presented
Unrealized gains and losses on available for sale securities	$	617		$	319		$	19		Net gain on sale of securities available for sale
Unrealized losses on securities transferred from available for sale to held to maturity		(2,205	)		(660	)		(218	)	Interest income - U.S. Government agency obligations
Pension and post-retirement plan items		(299	)		(249	)		(25	)	Employee compensation and benefits
Subtotal, pre-tax		(1,887	)		(590	)		(224	)
Income tax effect		750			222			88		Income tax expense
Total, net of tax	$	(1,137	)	$	(368	)	$	(136	)