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RETIREMENT PLANS (Tables)
 12 Months Ended
Dec. 31, 2017
Postemployment Benefits [Abstract]  
Schedule of Benefit Plan Funded Status
A measurement date of December 31 has been used for the fiscal years ended December 31, 2017 and 2016.
In thousands
2017
 
2016
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
28,625

 
$
26,670

Service cost
839

 
795

Interest cost
1,135

 
1,136

Change in assumptions
2,040

 
1,059

Benefits paid
(1,092
)
 
(1,035
)
Benefit obligation at end of year
31,547

 
28,625

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
38,715

 
36,880

Actual return on plan assets
4,816

 
2,870

Employer contribution
—

 
—

Benefits paid
(1,092
)
 
(1,035
)
Fair value of plan assets at end of year
42,439

 
38,715

Funded Status, included in other assets
$
10,892

 
$
10,090

Amounts recognized in accumulated other comprehensive loss:
 
 
 
Total net actuarial loss
$
7,924

 
$
8,859

Prior service cost
—

 
—

Total included in accumulated other comprehensive loss (pretax)
$
7,924

 
$
8,859
Estimated Costs To Be Amortized From AOCI Into Net Periodic Pension Cost During The Next Fiscal Year
The estimated costs that will be amortized from accumulated other comprehensive loss into net periodic pension cost during the next fiscal year are as follows:
In thousands
 
Net loss
$
515

Prior service cost
—

 
$
515
Components Of Net Periodic Benefit Costs (Income)
The components of net periodic benefit costs (income) related to the non-contributory, defined benefit pension plan for the years ended December 31 are as follows:
In thousands
2017
 
2016
 
2015
Components of net periodic benefit cost (income):
 
 
 
 
 
Service cost
$
839

 
$
795

 
$
881

Interest cost
1,135

 
1,136

 
1,040

Expected return on plan assets
(2,518
)
 
(2,429
)
 
(2,542
)
Recognized net actuarial loss
676

 
682

 
481

Amortization of prior service cost
—

 
1

 
24

Net Periodic Benefit Cost (Income)
132

 
185

 
(116
)
Net loss
(259
)
 
618

 
1,409

Amortization of net loss
(676
)
 
(682
)
 
(481
)
Amortization of prior service cost
—

 
(1
)
 
(24
)
Total recognized in other comprehensive (income) loss
$
(935
)
 
$
(65
)
 
$
904

Total recognized in net periodic benefit cost and other comprehensive (income) loss
$
(803
)
 
$
120

 
$
788
Assumptions Used To Determine The Benefit Obligation and Net Periodic Benefit Cost (Income)
For the years ended December 31, 2017, 2016 and 2015, the assumptions used to determine the benefit obligation are as follows:
 
2017
 
2016
 
2015
Discount rate
3.55
%
 
4.05
%
 
4.35
%
Rate of compensation increase
3.50
%
 
3.50
%
 
3.50
%
For the years ended December 31, 2017, 2016 and 2015, the assumptions used to determine the net periodic benefit cost (income) are as follows:
 
2017
 
2016
 
2015
Discount rate
4.05
%
 
4.35
%
 
3.90
%
Expected long-term rate of return on plan assets
6.75
%
 
6.75
%
 
6.75
%
Rate of compensation increase
3.50
%
 
3.50
%
 
3.75
%
Pension Plan Weighted-Average Assets' Allocations
The Corporation’s pension plan weighted-average assets’ allocations at December 31, 2017 and 2016, are as follows:
 
2017
 
2016
Equity securities
50
%
 
48
%
Debt securities
44
%
 
46
%
Short-term fixed income
—
%
 
—
%
Real estate
6
%
 
6
%
 
100
%
 
100
%
Fair Value Measurements
Fair value measurements at December 31, 2017, are as follows:
In thousands
Total
 
Level 1
 
Level 2
 
Level 3
Equity securities
$
21,423

 
$
2,114

 
$
19,309

 
$
—

Debt securities
18,668

 
—

 
18,668

 
—

Real estate
2,348

 
—

 
2,348

 
—

Fair value measurements at December 31, 2016, are as follows:
In thousands
Total
 
Level 1
 
Level 2
 
Level 3
Equity securities
$
18,687

 
$
2,175

 
$
16,512

 
$
—

Debt securities
17,888

 
—

 
17,888

 
—

Real estate
2,140

 
—

 
2,140

 
—
Future Benefit Payments
Based on current data and assumptions, the following benefit payments, which reflect expected future service, as appropriate, are:
Years Ending
In thousands
2018
$
1,320

2019
1,410

2020
1,440

2021
1,650

2022
1,660

2023 - 2027
9,200