ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

6 Months Ended

Jun. 30, 2020

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Schedule of other comprehensive income (loss) and related income tax effects

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
(In thousands)	2020		2019		2020		2019
Unrealized holding gains on available for sale securities	$	4,308	$	8,489	$	10,121	$	14,020
Reclassification adjustments for (gains) losses realized in income		—		(201)		15		(201)
Income tax effect		(1,260)		(2,417)		(2,964)		(4,030)
Net change in unrealized gains on available for sale securities		3,048		5,871		7,172		9,789
Reclassification adjustments for amortization realized in income		138		129		276		257
Income tax effect		(41)		(38)		(81)		(76)
Net change in post-retirement obligation		97		91		195		181
Change in fair value of derivatives used for cash flow hedges		(1,563)		(3,106)		(11,073)		(4,703)
Reclassification adjustments for losses (gains) realized in income		176		(466)		66		(1,022)
Income tax effect		406		1,042		3,219		1,670
Net change in unrealized losses on cash flow hedges		(981)		(2,530)		(7,788)		(4,055)
Other comprehensive income (loss)	$	2,164	$	3,432	$	(421)	$	5,915

Schedule of accumulated other comprehensive loss balances, net of income taxes

			Other
	December 31,		Comprehensive			June 30,
(In thousands)	2019		Income			2020
Unrealized (losses) gains on available for sale securities	$	(829)	$	7,172	$	6,343
Unrealized (losses) gains on pension benefits		(6,775)		195		(6,580)
Unrealized losses on cash flow hedges		(737)		(7,788)		(8,525)
Accumulated other comprehensive loss, net of income taxes	$	(8,341)	$	(421)	$	(8,762)

Schedule of reclassifications out of accumulated other comprehensive (loss) income

	Three Months Ended				Six Months Ended				Affected Line Item
	June 30,		June 30,		June 30,		June 30,		in the Consolidated
(In thousands)	2020		2019		2020		2019		Statements of Income
Realized gains (losses) on sale of available for sale securities	$	—	$	201	$	(15)	$	201	Net securities gains (losses)
Amortization of defined benefit pension plan and defined benefit plan component of the SERP:
Prior service credit		19		19		38		38	Other operating expenses
Actuarial losses		(157)		(147)		(314)		(295)	Other operating expenses
Realized (losses) gains on cash flow hedges		(176)		466		(66)		1,022	Interest expense
Total reclassifications, before income tax	$	(314)	$	539	$	(357)	$	966
Income tax expense (benefit)		91		(157)		104		(282)	Income tax expense
Total reclassifications, net of income tax	$	(223)	$	382	$	(253)	$	684