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Components of Net Periodic Pension Cost (Tables)
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]

The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

Three Months Ended Six Months Ended
June 30, June 30,
2017       2016       2017       2016
      (dollars in thousands)
Interest cost $           120 $           129 $           239   $           257
Expected return on plan assets (160 ) (155 ) (320 ) (291 )
Net amortization 103 102   206 204
Recognized settlement loss - - - -
Net periodic pension cost $ 63 $ 76 $ 125 $ 170
 
Amortization of actuarial loss $ (103 ) $ - $ (204 ) $ (101 )
 
Total recognized in other comprehensive income $ (103 ) $ - $ (204 ) $ (101 )
 
Total recognized in net expense and OCI (before tax) $ (40 ) $ 76 $ (79 ) $ 69