XML 25 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1

EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 5 - EMPLOYEE BENEFIT PLANS

The Company has a defined benefit pension plan covering substantially all full-time and eligible part-time associates and a Supplemental Executive Retirement Plan (“SERP”) covering its executive officers.

The components of the net periodic benefit cost for the Company's qualified benefit pension plan were as follows:

	Three Months Ended March 31,
(Dollars in Thousands)	2017			2016
Service Cost	$	1,688		$	1,613
Interest Cost		1,437			1,397
Expected Return on Plan Assets		(2,006)			(1,934)
Prior Service Cost Amortization		56			69
Net Loss Amortization		953			801
Net Periodic Benefit Cost	$	2,128		$	1,946
Discount Rate		4.21%			4.52%
Long-term Rate of Return on Assets		7.25%			7.50%

The components of the net periodic benefit cost for the Company's SERP were as follows:
	Three Months Ended March 31,
(Dollars in Thousands)	2017			2016
Interest Cost	$	48		$	40
Net Loss Amortization		149			190
Net Periodic Benefit Cost	$	197		$	230
Discount Rate		3.92%			4.13%

X

- Definition

The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans.

+ References

No definition available.

+ Details

Name:	us-gaap_CompensationAndEmployeeBenefitPlansTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration