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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits, Description [Abstract]

Accumulated post-retirement benefit obligation and funded status

The following table sets forth the accumulated post-retirement benefit obligation and funded status:

At December 31,	2018				2017				2016
Change in benefit obligations
Benefit obligation at beginning of year:	$	1,874,000			$	1,870,000			$	1,967,000
Interest cost	77,000				77,000				81,000
Benefits paid	(117,000		)		(113,000		)		(109,000		)
Actuarial (gain) loss	(235,000		)		40,000				(69,000		)
Benefit obligation at end of year:	$	1,599,000			$	1,874,000			$	1,870,000
Funded status
Benefit obligation at end of year	$	(1,599,000	)		$	(1,874,000	)		$	(1,870,000	)
Unamortized (gain) loss	(47,000		)		186,000				156,000
Accrued benefit cost	$	(1,646,000	)		$	(1,688,000	)		$	(1,714,000	)
Weighted average discount rate as of December 31	4.25		%		4.25		%		4.25		%

Schedule of net benefit costs

The following table sets forth the net periodic benefit cost:

For the years ended December 31,	2018				2017				2016
Components of net periodic benefit cost
Interest cost	$	77,000			$	77,000			$	81,000
Amortization of loss	—				—				4,000
Other settlement (income) expense	(3,000		)		11,000				11,000
Net periodic benefit cost	$	74,000			$	88,000			$	96,000
Weighted average discount rate for net periodic cost	4.25		%		4.25		%		4.25		%

Schedule of net periodic benefit cost not yet recognized

In accordance with FASB ASC Topic 715, "Compensation – Retirement Benefits", amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive income (loss) are as follows:

At December 31,	2018				2017				Portion to Be Recognized in Income in 2019
Unamortized net actuarial gain (loss)	$	47,000			$	(186,000	)		$	(160,000	)
Deferred tax (expense) benefit at 21% in 2018 and 35% in 2017	(10,000		)		65,000				34,000
Reclassification adjustment for effect of enacted tax law changes	—				(26,000		)		—
Net unrecognized post-retirement benefits included in accumulated other comprehensive income (loss)	$	37,000			$	(147,000	)		$	(126,000	)

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ 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 (a)(b)(c)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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- References

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X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ 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 (h)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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X

- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as 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 (j)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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