OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2015

Other Comprehensive Income Loss [Abstract]

Net Accumulated Other Comprehensive Income (Loss)

The following table presents the activity in net accumulated other comprehensive income (loss) and the components of the activity for the periods indicated:

		Unrealized Gains
		(Losses) on
		Investments		Defined Benefit
(In thousands)		Available-for-Sale		Pension Plan		Total
Balance at January 1, 2015		$	8,078	$	(8,901)	$	(823)
	Other comprehensive income before reclassification, net of tax		(100)		-		(100)
	Reclassifications from accumulated other comprehensive income, net of tax		-		331		331
Current period change in other comprehensive income, net of tax			(100)		331		231
Balance at June 30, 2015		$	7,978	$	(8,570)	$	(592)

		Unrealized Gains
		(Losses) on
		Investments		Defined Benefit
(In thousands)		Available-for-Sale		Pension Plan		Total
Balance at January 1, 2014		$	358	$	(3,328)	$	(2,970)
	Other comprehensive income before reclassification, net of tax		8,148		-		8,148
	Reclassifications from accumulated other comprehensive income, net of tax		-		55		55
Current period change in other comprehensive income, net of tax			8,148		55		8,203
Balance at June 30, 2014		$	8,506	$	(3,273)	$	5,233

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The following table provides the information on the reclassification adjustments out of accumulated other comprehensive income for the periods indicated:

				For the Six Months Ended June 30,
(In thousands)				2015		2014
Unrealized gains/(losses) on investments available-for-sale
	Affected line item in the Statements of Income:
	Investment securities gains			$	19		$	-
	Income before taxes				19			-
	Tax expense				8			-
	Net income			$	11		$	-
Amortization of defined benefit pension plan items
	Affected line item in the Statements of Income:
		Recognized actuarial loss (1)		$	551		$	116
			Income before taxes		551			116
			Tax expense		220			61
			Net income	$	331		$	55
(1) This amount is included in the computation of net periodic benefit cost, see Note 9