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RETIREMENT PLANS (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019 and 2018.
In thousands
2019
 
2018
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
30,338

 
$
31,547

Service cost
696

 
860

Interest cost
1,213

 
1,096

Actuarial loss (gain)
3,603

 
(1,944
)
Benefits paid
(1,316
)
 
(1,221
)
Projected benefit obligation at end of year
34,534

 
30,338

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
39,680

 
42,439

Actual return on plan assets
5,928

 
(1,538
)
Employer contribution
—

 
—

Benefits paid
(1,316
)
 
(1,221
)
Fair value of plan assets at end of year
44,292

 
39,680

Funded Status, included in other assets
$
9,758

 
$
9,342

Amounts recognized in accumulated other comprehensive loss:
 
 
 
Total net actuarial loss
$
9,147

 
$
9,773

Prior service cost
—

 
—

Total included in accumulated other comprehensive loss (pretax)
$
9,147

 
$
9,773
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
$
675

Prior service cost
—

 
$
675
Components Of Net Periodic Benefit Costs (Income)
The components of net periodic benefit cost (income) related to the non-contributory, defined benefit pension plan for the years ended December 31 are as follows:
In thousands
2019
 
2018
Components of net periodic benefit cost (income):
 
 
 
Service cost
$
696

 
$
860

Interest cost
1,213

 
1,096

Expected return on plan assets
(2,549
)
 
(2,770
)
Recognized net actuarial loss
850

 
515

Amortization of prior service cost
—

 
—

Net Periodic Benefit Cost (Income)
210

 
(299
)
Net loss
224

 
2,365

Amortization of net loss
(850
)
 
(515
)
Amortization of prior service cost
—

 
—

Total recognized in other comprehensive (income) loss
$
(626
)
 
$
1,850

Total recognized in net periodic benefit cost (income) and other comprehensive (income) loss
$
(416
)
 
$
1,551
Assumptions Used To Determine The Benefit Obligation and Net Periodic Benefit Cost (Income)
For the years ended December 31, 2019 and 2018, the assumptions used to determine the benefit obligation are as follows:
 
2019
 
2018
Discount rate
3.20
%
 
4.10
%
Rate of compensation increase
3.50
%
 
3.50
%
For the years ended December 31, 2019 and 2018, the assumptions used to determine the net periodic benefit cost (income) are as follows:
 
2019
 
2018
Discount rate
4.10
%
 
3.55
%
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, 2019 and 2018, are as follows:
 
2019
 
2018
Equity securities
45
%
 
63
%
Debt securities
42
%
 
34
%
Short-term fixed income
—
%
 
—
%
Real estate
13
%
 
3
%
 
100
%
 
100
%
Fair Value Measurements
Fair value measurements at December 31, 2019, are as follows:
In thousands
Total
 
Level 1
 
Level 2
 
Level 3
Equity securities
$
20,098

 
$
2,854

 
$
17,244

 
$
—

Debt securities
18,516

 
—

 
18,516

 
—

Real estate
5,678

 
—

 
5,678

 
—

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

 
—
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
2020
$
1,550

2021
1,670

2022
1,680

2023
1,800

2024
1,840

2025 - 2029
9,480