OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017		$	1,642	$	(8,256)	$	(6,614)
	Other comprehensive income before reclassification, net of tax		3,382		-		3,382
	Reclassifications from accumulated other comprehensive income, net of tax		(767)		522		(245)
Current period change in other comprehensive income, net of tax			2,615		522		3,137
Balance at September 30, 2017		$	4,257	$	(7,734)	$	(3,477)

		Unrealized Gains
		(Losses) on
		Investments		Defined Benefit
(In thousands)		Available-for-Sale		Pension Plan		Total
Balance at January 1, 2016		$	6,566	$	(7,863)	$	(1,297)
	Other comprehensive income before reclassification, net of tax		6,385		-		6,385
	Reclassifications from accumulated other comprehensive income, net of tax		(1,154)		531		(623)
Current period change in other comprehensive income, net of tax			5,231		531		5,762
Balance at September 30, 2016		$	11,797	$	(7,332)	$	4,465

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:

				Nine Months Ended September 30,
(In thousands)				2017		2016
Unrealized gains/(losses) on investments available-for-sale
	Affected line item in the Statements of Income:
	Investment securities gains			$	1,275		$	1,919
	Income before taxes				1,275			1,919
	Tax expense				(508)			(765)
	Net income			$	767		$	1,154
Amortization of defined benefit pension plan items
	Affected line item in the Statements of Income:
		Recognized actuarial loss(1)		$	(886)		$	(870)
			Income before taxes		(886)			(870)
			Tax benefit		364			339
			Net loss	$	(522)		$	(531)
(1) This amount is included in the computation of net periodic benefit cost, see Note 9