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RETIREMENT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2018
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, 2018 and 2017.
In thousands | 2018 |  | 2017
Change in benefit obligation: |  |  |
Benefit obligation at beginning of year | $ | 31,547 |  |  | $ | 28,625 |
Service cost | 860 |  |  | 839 |
Interest cost | 1,096 |  |  | 1,135 |
Change in assumptions | (1,944 | ) |  | 2,040 |
Benefits paid | (1,221 | ) |  | (1,092 | )
Benefit obligation at end of year | 30,338 |  |  | 31,547 |
Change in plan assets: |  |  |
Fair value of plan assets at beginning of year | 42,439 |  |  | 38,715 |
Actual return on plan assets | (1,538 | ) |  | 4,816 |
Employer contribution | — |  |  | — |
Benefits paid | (1,221 | ) |  | (1,092 | )
Fair value of plan assets at end of year | 39,680 |  |  | 42,439 |
Funded Status, included in other assets | $ | 9,342 |  |  | $ | 10,892 |
Amounts recognized in accumulated other comprehensive loss: |  |  |
Total net actuarial loss | $ | 9,773 |  |  | $ | 7,924 |
Prior service cost | — |  |  | — |
Total included in accumulated other comprehensive loss (pretax) | $ | 9,773 |  |  | $ | 7,924 |
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 | $ | 850 |
Prior service cost | — |
| $ | 850 |
Components Of Net Periodic Benefit Costs (Income) | The components of net periodic benefit (income) costs related to the non-contributory, defined benefit pension plan for the years ended December 31 are as follows:
In thousands | 2018 |  | 2017
Components of net periodic benefit (income) cost: |  |  |
Service cost | $ | 860 |  |  | $ | 839 |
Interest cost | 1,096 |  |  | 1,135 |
Expected return on plan assets | (2,770 | ) |  | (2,518 | )
Recognized net actuarial loss | 515 |  |  | 676 |
Amortization of prior service cost | — |  |  | — |
Net Periodic Benefit (Income) Cost | (299 | ) |  | 132 |
Net loss (gain) | 2,365 |  |  | (259 | )
Amortization of net loss | (515 | ) |  | (676 | )
Amortization of prior service cost | — |  |  | — |
Total recognized in other comprehensive loss (income) | $ | 1,850 |  |  | $ | (935 | )
Total recognized in net periodic benefit cost and other comprehensive loss (income) | $ | 1,551 |  |  | $ | (803 | )
Assumptions Used To Determine The Benefit Obligation and Net Periodic Benefit Cost (Income) | For the years ended December 31, 2018 and 2017, the assumptions used to determine the benefit obligation are as follows:
| 2018 |  | 2017
Discount rate | 4.10 | % |  | 3.55 | %
Rate of compensation increase | 3.50 | % |  | 3.50 | %
For the years ended December 31, 2018 and 2017, the assumptions used to determine the net periodic benefit (income) cost are as follows:
| 2018 |  | 2017
Discount rate | 3.55 | % |  | 4.05 | %
Expected long-term rate of return on plan assets | 6.75 | % |  | 6.75 | %
Rate of compensation increase | 3.50 | % |  | 3.50 | %
Pension Plan Weighted-Average Assets' Allocations | The Corporation’s pension plan weighted-average assets’ allocations at December 31, 2018 and 2017, are as follows:
| 2018 |  | 2017
Equity securities | 63 | % |  | 50 | %
Debt securities | 34 | % |  | 44 | %
Short-term fixed income | — | % |  | — | %
Real estate | 3 | % |  | 6 | %
| 100 | % |  | 100 | %
Fair Value Measurements | Fair value measurements at December 31, 2018, are as follows:
In thousands | Total |  | Level 1 |  | Level 2 |  | Level 3
Equity securities | $ | 25,150 |  |  | $ | 2,882 |  |  | $ | 22,268 |  |  | $ | — |
Debt securities | 13,376 |  |  | — |  |  | 13,376 |  |  | — |
Real estate | 1,154 |  |  | — |  |  | 1,154 |  |  | — |
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 |  |  | — |
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
2019 | $ | 1,500 |
2020 | 1,520 |
2021 | 1,650 |
2022 | 1,670 |
2023 | 1,790 |
2024 - 2028 | 9,360 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2417-114920 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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