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Note 12 - Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

		Net Actuarial Loss (Gain)												Prior Service Cost (Credit)												Total
		2017				2016				2015				2017				2016				2015				2017				2016				2015
		(In thousands)
Employee Retirement Plan		$	6,166			$	8,055			$	8,589			$	-			$	-			$	-			$	6,166			$	8,055			$	8,589
Other Postretirement Benefit Plans			1,223				636				1,296				(368	)			(453	)			(538	)			855				183				758
Outside Directors Plan			(472	)			(540	)			(562	)			12				52				91				(460	)			(488	)			(471	)
Total		$	6,917			$	8,151			$	9,323			$	(356	)		$	(401	)		$	(447	)		$	6,561			$	7,750			$	8,876

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

		Net Actuarial Loss (Gain)				Prior Service Cost (Credit)				Expense (Benefit)
		(In thousands)
Employee Retirement Plan		$	621			$	-			$	621
Other Postretirement Benefit Plans			33				(85	)			(52	)
Outside Directors Plan			(91	)			12				(79	)
Total		$	563			$	(73	)		$	490

Schedule of Assumptions Used [Table Text Block]

		2017				2016
Discount rate			3.42	%			3.88	%
Rate of increase in health care costs
Initial			7.00	%			8.00	%
Ultimate (year 2023)			5.00	%			5.00	%
Annual rate of salary increase for life insurance			n/a				n/a

Schedule of Net Benefit Costs [Table Text Block]

		2017				2016				2015
		(In thousands)
Service cost		$	316			$	359			$	382
Interest cost			305				320				300
Amortization of unrecognized loss			-				47				119
Amortization of past service credit			(85	)			(85	)			(85	)
Net postretirement benefit expense			536				641				716
Current year actuarial loss (gain)			587				(613	)			(715	)
Amortization of actuarial loss			-				(47	)			(119	)
Amortization of prior service credit			85				85				85
Total recognized in other comprehensive income			672				(575	)			(749	)
Total recognized in net postretirement expense and other comprehensive loss		$	1,208			$	66			$	(33	)

Schedule of Allocation of Plan Assets [Table Text Block]

		2017				2016
Equity securities			72	%			69	%
Debt securities			28	%			31	%

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

		At December 31,
		2017				2016
		(In thousands)
Pooled Separate Accounts
U.S. large-cap growth (a)		$	5,822			$	4,702
U.S. large-cap value (b)			5,164				4,789
U.S. small-cap blend (c)			2,735				2,362
International blend (d)			2,566				2,017
Bond fund (e)			6,338				5,950
Prudential short term (f)			77				326
Total		$	22,702			$	20,146

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

		Increase				Decrease
		(In thousands)
Effect on postretirement benefit obligation		$	1,949			$	(1,481	)
Effect on total service and interest cost			175				(130	)

Schedule of Employee Benefit Trust Shares [Table Text Block]

		2017				2016
Shares owned by Employee Benefit Trust, beginning balance			551,762				675,436
Shares purchased			11,631				18,391
Shares released and allocated			(118,371	)			(142,065	)
Shares owned by Employee Benefit Trust, ending balance			445,022				551,762
Market value of unallocated shares		$	12,238,105			$	16,216,285

Directors' Plan [Member]

Notes Tables

Schedule of Net Funded Status [Table Text Block]

		2017				2016
		(In thousands)
Change in benefit obligation:
Projected benefit obligation at beginning of year		$	2,462			$	2,530
Service cost			42				42
Interest cost			89				97
Actuarial gain			(24	)			(63	)
Benefits paid			(144	)			(144	)
Projected benefit obligation at end of year			2,425				2,462
Change in plan assets:
Market value of assets at beginning of year			-				-
Employer contributions			144				144
Benefits paid			(144	)			(144	)
Market value of plan assets at end of year			-				-
Accrued pension cost included in other liabilities		$	(2,425	)		$	(2,462	)

Schedule of Net Benefit Costs [Table Text Block]

		2017				2016				2015
		(In thousands)
Service cost		$	42			$	42			$	45
Interest cost			89				97				95
Amortization of unrecognized gain			(92	)			(86	)			(56	)
Amortization of past service liability			40				40				40
Net pension expense			79				93				124
Current actuarial gain			(24	)			(63	)			(130	)
Amortization of actuarial gain			92				86				56
Amortization of prior service cost			(40	)			(40	)			(40	)
Total recognized in other comprehensive income			28				(17	)			(114	)
Total recognized in net pension expense and other comprehensive income		$	107			$	76			$	10

Schedule of Expected Benefit Payments [Table Text Block]

For the years ending December 31:		Future Benefit Payments
		(In thousands)
2018		$	248
2019			288
2020			288
2021			288
2022			288
2023 – 2027			1,052

Assumptions Used to Determine Benefit Obligations and Periodic Pension Expense for the Directors' Plan [Member]

Notes Tables

Schedule of Assumptions Used [Table Text Block]

		2017				2016				2015
Weighted average discount rate for the benefit obligation			3.42	%			3.88	%			4.06	%
Weighted average discount rate for periodic pension benefit expense			3.88	%			4.06	%			3.76	%
Rate of increase in future compensation levels			n/a				n/a				n/a

Other Postretirement Benefits Plan [Member]

Notes Tables

Schedule of Net Funded Status [Table Text Block]

		2017				2016
		(In thousands)
Change in benefit obligation:
Projected benefit obligation at beginning of year		$	7,978			$	7,977
Service cost			316				359
Interest cost			305				320
Actuarial loss (gain)			588				(613	)
Benefits paid			(83	)			(65	)
Projected benefit obligation at end of year			9,104				7,978
Change in plan assets:
Market value of assets at beginning of year			-				-
Employer contributions			83				65
Benefits paid			(83	)			(65	)
Market value of plan assets at end of year			-				-
Accrued pension cost included in other liabilities		$	(9,104	)		$	(7,978	)

Schedule of Assumptions Used [Table Text Block]

		2017				2016				2015
Rate of return on plan assets			n/a				n/a				n/a
Discount rate			3.88	%			4.06	%			3.76	%
Rate of increase in health care costs
Initial			8.00	%			7.00	%			8.00	%
Ultimate (year 2023)			5.00	%			5.00	%			5.00	%
Annual rate of salary increase for life insurance			n/a				n/a				n/a

Schedule of Expected Benefit Payments [Table Text Block]

For the years ending December 31:		Future Benefit Payments
		(In thousands)
2018		$	236
2019			251
2020			256
2021			270
2022			294
2023 – 2027			1,561

Retirement Plan [Member]

Notes Tables

Schedule of Net Funded Status [Table Text Block]

		2017				2016
		(In thousands)
Change in benefit obligation:
Projected benefit obligation at beginning of year		$	22,769			$	22,764
Interest cost			864				902
Actuarial loss			962				130
Benefits paid			(990	)			(1,027	)
Projected benefit obligation at end of year			23,605				22,769
Change in plan assets:
Market value of assets at beginning of year			20,146				19,924
Actual return on plan assets			3,546				1,249
Benefits paid			(990	)			(1,027	)
Market value of plan assets at end of year			22,702				20,146
Accrued pension liability included in other liabilities		$	(903	)		$	(2,623	)

Schedule of Net Benefit Costs [Table Text Block]

		2017				2016				2015
		(In thousands)
Interest cost		$	864			$	902			$	889
Amortization of unrecognized loss			697				809				1,112
Expected return on plan assets			(1,392	)			(1,394	)			(1,400	)
Net pension expense			169				317				601
Current year actuarial (gain) loss			(1,192	)			275				(237	)
Amortization of actuarial loss			(697	)			(809	)			(1,112	)
Total recognized in other comprehensive income			(1,889	)			(534	)			(1,349	)
Total recognized in net pension cost (benefit) and other comprehensive loss		$	(1,720	)		$	(217	)		$	(748	)

Schedule of Expected Benefit Payments [Table Text Block]

For the years ending December 31:		Future Benefit Payments
		(In thousands)
2018		$	1,421
2019			1,202
2020			1,199
2021			1,238
2022			1,306
2023 – 2027			6,490

Assumptions for Periodic Pension Benefit for the Retirement Plan [Member]

Notes Tables

Schedule of Assumptions Used [Table Text Block]

		2017				2016				2015
Weighted average discount rate			3.88	%			4.06	%			3.76	%
Rate of increase in future compensation levels			n/a				n/a				n/a
Expected long-term rate of return on assets			7.00	%			7.25	%			7.50	%

Assumptions for the Retirement Plan's Benefit Obligations [Member]

Notes Tables

Schedule of Assumptions Used [Table Text Block]

		2017				2016
Weighted average discount rate			3.42	%			3.88	%
Rate of increase in future compensation levels			n/a				n/a

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