XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Components of Net Periodic Benefit Cost | 6 Months Ended
--- | ---
Jun. 30, 2017
Retirement Benefits [Abstract] |
Components of Net Periodic Benefit Cost | Components of Net Periodic Benefit Cost
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | (000's) |  | (000's)
|  | Pension Benefits |  | Post-Retirement Health Benefits |  | Pension Benefits |  | Post-Retirement Health Benefits
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016
Service cost |  | $ | 358 |  |  | $ | 470 |  |  | $ | 13 |  |  | $ | 14 |  |  | $ | 716 |  |  | $ | 941 |  |  | $ | 26 |  |  | $ | 27 |
Interest cost |  | 905 |  |  | 932 |  |  | 43 |  |  | 46 |  |  | 1,810 |  |  | 1,865 |  |  | 86 |  |  | 93 |
Expected return on plan assets |  | (985 | ) |  | (857 | ) |  | — |  |  | — |  |  | (1,970 | ) |  | (1,715 | ) |  | — |  |  | — |
Net amortization of net (gain) loss |  | 301 |  |  | 484 |  |  | — |  |  | — |  |  | 602 |  |  | 967 |  |  | — |  |  | — |
Net Periodic Benefit Cost |  | $ | 579 |  |  | $ | 1,029 |  |  | $ | 56 |  |  | $ | 60 |  |  | $ | 1,158 |  |  | $ | 2,058 |  |  | $ | 112 |  |  | $ | 120 |
Employer Contributions First Financial Corporation previously disclosed in its financial statements for the year ended December 31, 2016 that it expected to contribute $2.5 million and $858 thousand respectively to its Pension Plan and ESOP and $260 thousand to the Post Retirement Health Benefits Plan in 2017. Contributions of $977 thousand have been made to the Pension Plan thus far in 2017. Contributions of $111 thousand have been made through the first six months of 2017 for the Post Retirement Health Benefits plan. No contributions have been made in 2017 for the ESOP. The Pension plan was frozen for most employees at the end of 2012 and for those employees there will be discretionary contributions to the ESOP plan and a 401K plan in place of the former Pension benefit. In the first six months of 2017 and 2016 there has been $867 thousand and $826 thousand of expense accrued for potential contributions to these alternative retirement benefit options.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration