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Note 12 - Pension and Other Postretirement Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2018
Notes Tables |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] |
|  | Net Actuarial Loss (Gain) |  |  | Prior Service Cost (Credit) |  |  | Total |
|  | 2018 |  |  | 2017 |  |  | 2016 |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | 2018 |  |  | 2017 |  |  | 2016 |
|  | (In thousands) |
Employee Retirement Plan |  | $ | 3,238 |  |  | $ | 6,166 |  |  | $ | 8,055 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 3,238 |  |  | $ | 6,166 |  |  | $ | 8,055 |
Other Postretirement Benefit Plans |  |  | 35 |  |  |  | 1,223 |  |  |  | 636 |  |  |  | (283 | ) |  |  | (368 | ) |  |  | (453 | ) |  |  | (248 | ) |  |  | 855 |  |  |  | 183 |
Outside Directors Plan |  |  | (566 | ) |  |  | (472 | ) |  |  | (540 | ) |  |  | - |  |  |  | 12 |  |  |  | 52 |  |  |  | (566 | ) |  |  | (460 | ) |  |  | (488 | )
Total |  | $ | 2,707 |  |  | $ | 6,917 |  |  | $ | 8,151 |  |  | $ | (283 | ) |  | $ | (356 | ) |  | $ | (401 | ) |  | $ | 2,424 |  |  | $ | 6,561 |  |  | $ | 7,750 |
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 |  | $ | 269 |  |  | $ | - |  |  | $ | 269 |
Other Postretirement Benefit Plans |  |  | - |  |  |  | (85 | ) |  |  | (85 | )
Outside Directors Plan |  |  | (141 | ) |  |  | - |  |  |  | (141 | )
Total |  | $ | 128 |  |  | $ | (85 | ) |  | $ | 43 |
Schedule of Net Funded Status [Table Text Block] |
|  | 2018 |  | 2017
|  | (In thousands)
Change in benefit obligation: |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of year |  | $ | 23,605 |  |  | $ | 22,769 |
Interest cost |  |  | 781 |  |  |  | 864 |
Actuarial loss |  |  | (2,389 | ) |  |  | 962 |
Benefits paid |  |  | (1,653 | ) |  |  | (990 | )
Projected benefit obligation at end of year |  |  | 20,344 |  |  |  | 23,605 |
Change in plan assets: |  |  |  |  |  |  |  |
Market value of assets at beginning of year |  |  | 22,702 |  |  |  | 20,146 |
Actual return on plan assets |  |  | 1,370 |  |  |  | 3,546 |
Benefits paid |  |  | (1,653 | ) |  |  | (990 | )
Market value of plan assets at end of year |  |  | 22,419 |  |  |  | 22,702 |
Accrued pension asset/liability included in other assets (liabilities) |  | $ | 2,075 |  |  | $ | (903 | )
|  | 2018 |  | 2017
|  | (In thousands)
Change in benefit obligation: |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of year |  | $ | 9,104 |  |  | $ | 7,978 |
Service cost |  |  | 350 |  |  |  | 316 |
Interest cost |  |  | 307 |  |  |  | 305 |
Actuarial (gain) loss |  |  | (1,155 | ) |  |  | 588 |
Benefits paid |  |  | (88 | ) |  |  | (83 | )
Projected benefit obligation at end of year |  |  | 8,518 |  |  |  | 9,104 |
Change in plan assets: |  |  |  |  |  |  |  |
Market value of assets at beginning of year |  |  | - |  |  |  | - |
Employer contributions |  |  | 88 |  |  |  | 83 |
Benefits paid |  |  | (88 | ) |  |  | (83 | )
Market value of plan assets at end of year |  |  | - |  |  |  | - |
Accrued pension cost included in other liabilities |  | $ | (8,518 | ) |  | $ | (9,104 | )
|  | 2018 |  | 2017
|  | (In thousands)
Change in benefit obligation: |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of year |  | $ | 2,425 |  |  | $ | 2,462 |
Service cost |  |  | 42 |  |  |  | 42 |
Interest cost |  |  | 78 |  |  |  | 89 |
Actuarial gain |  |  | (184 | ) |  |  | (24 | )
Benefits paid |  |  | (96 | ) |  |  | (144 | )
Projected benefit obligation at end of year |  |  | 2,265 |  |  |  | 2,425 |
Change in plan assets: |  |  |  |  |  |  |  |
Market value of assets at beginning of year |  |  | - |  |  |  | - |
Employer contributions |  |  | 96 |  |  |  | 144 |
Benefits paid |  |  | (96 | ) |  |  | (144 | )
Market value of plan assets at end of year |  |  | - |  |  |  | - |
Accrued pension cost included in other liabilities |  | $ | (2,265 | ) |  | $ | (2,425 | )
Schedule of Assumptions Used [Table Text Block] |
|  | 2018 |  | 2017
Weighted average discount rate |  | 4.06% |  | 3.42%
Rate of increase in future compensation levels |  | n/a |  | n/a
|  | 2018 |  | 2017 |  | 2016
Weighted average discount rate |  | 3.42% |  | 3.88% |  | 4.06%
Rate of increase in future compensation levels |  | n/a |  | n/a |  | n/a
Expected long-term rate of return on assets |  | 7.00% |  | 7.00% |  | 7.25%
|  | 2018 |  | 2017
Discount rate |  | 4.06% |  | 3.42%
Rate of increase in health care costs |  |  |  |
Initial |  | 7.00% |  | 7.00%
Ultimate (year 2023) |  | 5.00% |  | 5.00%
Annual rate of salary increase for life insurance |  | n/a |  | n/a
|  | 2018 |  | 2017 |  | 2016
Rate of return on plan assets |  | n/a |  | n/a |  | n/a
Discount rate |  | 3.42% |  | 3.88% |  | 4.06%
Rate of increase in health care costs |  |  |  |  |  |
Initial |  | 7.00% |  | 8.00% |  | 7.00%
Ultimate (year 2023) |  | 5.00% |  | 5.00% |  | 5.00%
Annual rate of salary increase for life insurance |  | n/a |  | n/a |  | n/a
|  | 2018 |  | 2017 |  | 2016
Weighted average discount rate for the benefit obligation |  | 4.06% |  | 3.42% |  | 3.88%
Weighted average discount rate for periodic pension benefit expense |  | 3.42% |  | 3.88% |  | 4.06%
Rate of increase in future compensation levels |  | n/a |  | n/a |  | n/a
Schedule of Net Benefit Costs [Table Text Block] |
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Interest cost |  | $ | 781 |  |  | $ | 864 |  |  | $ | 902 |
Amortization of unrecognized loss |  |  | 621 |  |  |  | 697 |  |  |  | 809 |
Expected return on plan assets |  |  | (1,452 | ) |  |  | (1,392 | ) |  |  | (1,394 | )
Net pension (benefit) expense |  |  | (50 | ) |  |  | 169 |  |  |  | 317 |
Current year actuarial (gain) loss |  |  | (2,307 | ) |  |  | (1,192 | ) |  |  | 275 |
Amortization of actuarial loss |  |  | (621 | ) |  |  | (697 | ) |  |  | (809 | )
Total recognized in other comprehensive income |  |  | (2,928 | ) |  |  | (1,889 | ) |  |  | (534 | )
Total recognized in net pension cost (benefit) and other comprehensive loss |  | $ | (2,978 | ) |  | $ | (1,720 | ) |  | $ | (217 | )
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Service cost |  | $ | 350 |  |  | $ | 316 |  |  | $ | 359 |
Interest cost |  |  | 307 |  |  |  | 305 |  |  |  | 320 |
Amortization of unrecognized loss |  |  | 33 |  |  |  | - |  |  |  | 47 |
Amortization of past service credit |  |  | (85 | ) |  |  | (85 | ) |  |  | (85 | )
Net postretirement benefit expense |  |  | 605 |  |  |  | 536 |  |  |  | 641 |
Current year actuarial (gain) loss |  |  | (1,155 | ) |  |  | 587 |  |  |  | (613 | )
Amortization of actuarial loss |  |  | (33 | ) |  |  | - |  |  |  | (47 | )
Amortization of prior service credit |  |  | 85 |  |  |  | 85 |  |  |  | 85 |
Total recognized in other comprehensive income |  |  | (1,103 | ) |  |  | 672 |  |  |  | (575 | )
Total recognized in net postretirement expense and other comprehensive loss |  | $ | (498 | ) |  | $ | 1,208 |  |  | $ | 66 |
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Service cost |  | $ | 42 |  |  | $ | 42 |  |  | $ | 42 |
Interest cost |  |  | 78 |  |  |  | 89 |  |  |  | 97 |
Amortization of unrecognized gain |  |  | (91 | ) |  |  | (92 | ) |  |  | (86 | )
Amortization of past service liability |  |  | 12 |  |  |  | 40 |  |  |  | 40 |
Net pension expense |  |  | 41 |  |  |  | 79 |  |  |  | 93 |
Current actuarial gain |  |  | (184 | ) |  |  | (24 | ) |  |  | (63 | )
Amortization of actuarial gain |  |  | 91 |  |  |  | 92 |  |  |  | 86 |
Amortization of prior service cost |  |  | (12 | ) |  |  | (40 | ) |  |  | (40 | )
Total recognized in other comprehensive income |  |  | (105 | ) |  |  | 28 |  |  |  | (17 | )
Total recognized in net pension expense and other comprehensive income |  | $ | (64 | ) |  | $ | 107 |  |  | $ | 76 |
Schedule of Expected Benefit Payments [Table Text Block] |
|  | Future Benefit Payments
|  | (In thousands)
2019 |  | $ | 1,300 |
2020 |  |  | 1,133 |
2021 |  |  | 1,177 |
2022 |  |  | 1,205 |
2023 |  |  | 1,228 |
2024 – 2028 |  |  | 6,033 |
|  | Future Benefit Payments
|  | (In thousands)
2019 |  | $ | 260 |
2020 |  |  | 266 |
2021 |  |  | 286 |
2022 |  |  | 319 |
2023 |  |  | 326 |
2024 – 2028 |  |  | 1,755 |
|  | Future Benefit Payments
|  | (In thousands)
2019 |  | $ | 288 |
2020 |  |  | 288 |
2021 |  |  | 288 |
2022 |  |  | 288 |
2023 |  |  | 256 |
2024 – 2028 |  |  | 988 |
Schedule of Allocation of Plan Assets [Table Text Block] |
|  | 2018 |  | 2017
Equity securities |  |  | 0 | % |  |  | 72 | %
Debt securities |  |  | 100 | % |  |  | 28 | %
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] |
|  | At December 31,
|  | 2018 |  | 2017
|  | (In thousands)
Pooled Separate Accounts |  |  |  |  |  |  |  |
Long duration bond fund (a) |  | $ | 10,045 |  |  | $ | - |
Long corporate bond fund (b) |  |  | 4,471 |  |  |  | - |
Prudential short term (c) |  |  | 360 |  |  |  | 77 |
U.S. large-cap growth (d) |  |  | - |  |  |  | 5,822 |
U.S. large-cap value (e) |  |  | - |  |  |  | 5,164 |
U.S. small-cap blend (f) |  |  | - |  |  |  | 2,735 |
International blend (g) |  |  | - |  |  |  | 2,566 |
Bond fund (h) |  |  | - |  |  |  | 6,338 |
Mutual Fund |  |  |  |  |  |  |  |
Investment grade bond fund (i) |  |  | 7,543 |  |  |  | - |
Total |  | $ | 22,419 |  |  | $ | 22,702 |
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 |  | $ | 1,652 |  |  | $ | (1,277 | )
Effect on total service and interest cost |  |  | 147 |  |  |  | (111 | )
Schedule of Employee Benefit Trust Shares [Table Text Block] |
|  | 2018 |  | 2017
Shares owned by Employee Benefit Trust, beginning balance |  |  | 445,022 |  |  |  | 551,762 |
Shares purchased |  |  | 13,669 |  |  |  | 11,631 |
Shares released and allocated |  |  | (129,601 | ) |  |  | (118,371 | )
Shares owned by Employee Benefit Trust, ending balance |  |  | 329,090 |  |  |  | 445,022 |
Market value of unallocated shares |  | $ | 7,085,308 |  |  | $ | 12,238,105 |

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