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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Compensation and Retirement Disclosure [Abstract]

Schedule of components of pension expense, the funded status of the plan, amounts recognized in the consolidated statements of financial condition, and major assumptions

(Dollars in Thousands)	2018			2017			2016
Change in Projected Benefit Obligation:
Benefit Obligation at Beginning of Year	$	165,084		$	152,585		$	141,039
Service Cost		6,884			6,752			6,453
Interest Cost		5,661			5,750			5,587
Actuarial (Gain) Loss		(16,349)			10,877			9,118
Benefits Paid		(11,686)			(10,541)			(9,412)
Expenses Paid		(247)			(339)			(200)
Projected Benefit Obligation at End of Year	$	149,347		$	165,084		$	152,585
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year	$	129,719		$	113,813		$	105,792
Actual (Loss) Return on Plan Assets		(6,251)			16,786			7,633
Employer Contributions		23,000			10,000			10,000
Benefits Paid		(11,686)			(10,541)			(9,412)
Expenses Paid		(247)			(339)			(200)
Fair Value of Plan Assets at End of Year	$	134,535		$	129,719		$	113,813
Funded Status of Plan and Accrued Liability Recognized at End of Year:
Other Liabilities	$	14,812		$	35,365		$	38,772
Accumulated Benefit Obligation at End of Year	$	130,477		$	144,139		$	130,109
Components of Net Periodic Benefit Costs:
Service Cost	$	6,884		$	6,752		$	6,453
Interest Cost		5,661			5,750			5,587
Expected Return on Plan Assets		(9,564)			(8,026)			(7,736)
Amortization of Prior Service Costs		199			223			278
Net Loss Amortization		3,673			3,812			3,201
Net Periodic Benefit Cost	$	6,853		$	8,511		$	7,783
Weighted-Average Assumptions Used to Determine Benefit Obligation:
Discount Rate		4.43%			3.71%			4.21%
Rate of Compensation Increase(1)		4.00%			3.25%			3.25%
Measurement Date		12/31/18			12/31/17			12/31/16
Weighted-Average Assumptions Used to Determine Benefit Cost:
Discount Rate		3.71%			4.21%			4.52%
Expected Return on Plan Assets		7.25%			7.25%			7.50%
Rate of Compensation Increase		3.25%			3.25%			3.25%
Amortization Amounts from Accumulated Other Comprehensive Income:
Net Actuarial (Gain) Loss	$	(533)		$	2,117		$	9,221
Prior Service Cost		(199)			(223)			(278)
Net Loss		(3,673)			(3,812)			(3,201)
Deferred Tax Expense (Benefit)		1,118			5,898			(2,216)
Other Comprehensive Loss (Gain), net of tax	$	(3,287)		$	3,980		$	3,526
Amounts Recognized in Accumulated Other Comprehensive Income:
Net Actuarial Losses	$	34,491		$	38,698		$	40,392
Prior Service Cost		66			265			488
Deferred Tax Benefit		(8,757)			(9,876)			(15,772)
Accumulated Other Comprehensive Loss, net of tax	$	25,800		$	29,087		$	25,108
(1) For 12/31/2018, the Company utilized an age-graded approach that varies the rate based on the age of
the participants.

Schedule of pension plan asset allocation and the target asset allocation

			Target			Percentage of Plan
			Allocation			Assets at December 31(1)
			2019			2018			2017
Equity Securities			68	%		67	%		74	%
Debt Securities			27	%		21	%		21	%
Cash and Cash Equivalents			5	%		12	%		5	%
Total			100	%		100	%		100	%

Schedule of fair value of plan assets by level of the valuation inputs within the fair value hierarchy

(Dollars in Thousands)		2018			2017
Level 1:
U.S. Treasury Securities		$	398		$	-
Mutual Funds			112,131		$	118,474
Cash and Cash Equivalents			16,788			7,103
Level 2:
U.S. Government Agency			2,822			4,142
Corporate Notes/Bonds			2,396			-
Total Fair Value of Plan Assets		$	134,535		$	129,719

Schedule of expected benefit payments related to the defined benefit pension plan

Expected Benefit Payments. At December 31, expected benefit payments related to the defined benefit pension plan were as follows:
(Dollars in Thousands)	2018
2019	$	11,271
2020		11,536
2021		11,466
2022		11,435
2023		11,571
2024 through 2028		54,525
Total	$	111,804

Schedule of amounts contributed to the pension plan and the expected amount to be contributed

								Expected
								Contribution
(Dollars in Thousands)			2017			2018		2019(1)
Actual Contributions		$	10,000		$	23,000		$	5,000

Schedule of components of SERP's periodic benefit cost, the funded status of the plan, amounts recognized in the consolidated statements of financial condition, and major assumptions

(Dollars in Thousands)	2018			2017			2016
Change in Projected Benefit Obligation:
Benefit Obligation at Beginning of Year	$	7,285		$	5,741		$	4,842
Interest Cost		227			191			162
Actuarial Loss		1,348			1,353			737
Projected Benefit Obligation at End of Year	$	8,860		$	7,285		$	5,741
Funded Status of Plan and Accrued Liability Recognized at End of Year:
Other Liabilities	$	8,860		$	7,285		$	5,741
Accumulated Benefit Obligation at End of Year	$	7,557		$	6,485		$	4,913
Components of Net Periodic Benefit Costs:
Interest Cost		227			191			162
Net Loss Amortization		1,626			597			759
Net Periodic Benefit Cost	$	1,853		$	788		$	921
Weighted-Average Assumptions Used to Determine Benefit Obligation:
Discount Rate		4.23%			3.53%			3.92%
Rate of Compensation Increase(1)		4.00%			3.25%			3.25%
Measurement Date		12/31/18			12/31/17			12/31/16
Weighted-Average Assumptions Used to Determine Benefit Cost:
Discount Rate		3.53%			3.92%			4.13%
Rate of Compensation Increase		3.25%			3.25%			3.25%
Amortization Amounts from Accumulated Other Comprehensive Income:
Net Actuarial Loss	$	1,348		$	1,353		$	737
Net Loss		(1,626)			(597)			(759)
Deferred Tax (Benefit) Expense		71			(77)			8
Other Comprehensive Loss (Gain), net of tax	$	(207)		$	679		$	(14)
Amounts Recognized in Accumulated Other Comprehensive Income:
Net Actuarial Loss	$	1,348		$	1,626		$	870
Deferred Tax Benefit		(341)			(412)			(336)
Accumulated Other Comprehensive Loss, net of tax	$	1,007		$	1,214		$	534
(1) For 12/31/2018, the Company utilized an age-graded approach that varies the rate based on the age of
the participants.

Schedule of expected benefit payments related to the SERP

(Dollars in Thousands)		2018
2019		$	3,638
2020			2,294
2021			1,454
2022			1,244
2023			823
2024 through 2028			89
Total		$	9,542

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- Definition

Tabular disclosure of defined benefit pension plans and other defined benefit postretirement plans, including the components of pension expense, the funded status of the plan, amounts recognized in the entity consolidated statements of financial condition, and major assumptions,change in fair value of plan assets for defined benefit or other postretirement plans

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Tabular disclosure of amounts actually contributed and expected contribution to the pension plan .

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Tabular disclosure of benefits expected to be paid by supplemental executive retirement plan in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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Disclosure of the fair value of defined benefit plan assets by the level within the fair value hierarchy in which the fair value measurements fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), Significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of Supplemental Executive Retirement Plan, including the periodic benefit cost, the funded status of the plan, amounts recognized in the entity consolidated statements of financial condition, and major assumptions.

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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