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RETIREMENT PLANS (Tables)
 12 Months Ended
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