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EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of Weighted Average Plan Assets Allocation [Table Text Block]

The Company’s pension plan’s weighted average asset allocation at December 31, 2018 and 2017, by asset category, was as follows:

		Plan Assets at December 31,
		2018				2017
Asset Category:
Equity Securities			53	%			55	%
Fixed Income Securities			40	%			39	%
Other			7	%			6	%
Total			100	%			100	%

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

The following is a reconciliation of the change in benefit obligation and plan assets of both the defined benefit pension plan and the unfunded supplemental pension plan for the years ended December 31, 2018 and 2017:

		Defined Benefit Pension Plan								Supplemental Pension Plan
		2018				2017				2018				2017
		(Dollars in thousands)
Change in projected benefit obligation
Projected benefit obligation, beginning of year		$	49,375			$	45,079			$	17,176			$	15,409
Service cost			360				378				209				185
Interest cost			1,608				1,616				595				591
Actuarial (gain) loss			(4,039	)			4,423				(1,601	)			1,519
Benefits paid			(2,294	)			(2,121	)			(488	)			(528	)
Projected benefit obligation, end of year		$	45,010			$	49,375			$	15,891			$	17,176
Change in plan assets
Fair value of plan assets, beginning of year			38,369				32,278				-				-
Actual return on plan assets			(1,362	)			4,590				-				-
Administrative expenses			(360	)			(378	)			-				-
Contributions			3,000				4,000				488				528
Benefits paid			(2,294	)			(2,121	)			(488	)			(528	)
Fair value of plan assets, end of year		$	37,353			$	38,369			$	-			$	-
Funded status of plan		$	(7,657	)		$	(11,006	)		$	(15,891	)		$	(17,176	)
Amounts recognized in the consolidated balance sheets consist of:
Accrued liabilities - other		$	-			$	-			$	(436	)		$	(416	)
Long-term pension liability			(7,657	)			(11,006	)			(15,455	)			(16,760	)
Net amount recognized		$	(7,657	)		$	(11,006	)		$	(15,891	)		$	(17,176	)
Amounts recognized in accumulated other comprehensive loss consist of:
Accumulated loss, net of income tax benefit of $4,082, $5,904, $1,102 and $2,166, respectively		$	11,616			$	9,916			$	3,136			$	3,854
Prior service cost, net of income tax liability of $0, $0, ($28) and ($75), respectively			-				-				(81	)			(97	)
Net amount recognized		$	11,616			$	9,916			$	3,055			$	3,757

Schedule of Assumptions Used [Table Text Block]

Assumptions used in determining net periodic pension cost for the years ended December 31, 2018 and 2017 were:

		Defined Benefit Pension Plan								Supplemental Pension Plan
		2018				2017				2018				2017
Discount rate for determining projected benefit obligation			3.70	%			4.33	%			3.75	%			4.41	%
Discount rate in effect for determining service cost			-				-				3.83	%			4.62	%
Discount rate in effect for determining interest cost			3.33	%			3.63	%			3.51	%			3.92	%
Long-term rate of return on plan assets			7.00	%			7.00	%			-				-

Schedule of Net Benefit Costs [Table Text Block]

The components of net periodic pension cost for the years ended December 31, 2018 and 2017, were:

		2018				2017
		(Dollars in thousands)
Service cost		$	569			$	563
Interest cost			2,204				2,207
Expected return on plan assets			(2,711	)			(2,301	)
Net amortization and deferral			634				526
Net periodic pension cost		$	696			$	995

Schedule of Expected Benefit Payments [Table Text Block]

Projected benefit payments for the plans at December 31, 2018, were estimated as follows:

		Defined Benefit Pension Plan				Supplemental Pension Plan
		(Dollars in thousands)
2019		$	2,698			$	436
2020		$	2,713			$	470
2021		$	2,726			$	504
2022		$	2,714			$	551
2023		$	2,755			$	702
2024 - 2028		$	14,016			$	4,750

Schedule of Allocation of Plan Assets [Table Text Block]

The following table summarizes the fair value of the Company’s pension plan assets at December 31, 2018, by asset category within the fair value hierarchy (for further level information, see Note 4):

		December 31, 2018
		Quoted Prices				Significant				Significant
		in Active Markets				Observable Inputs				Unobservable Inputs
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Common stocks		$	13,556			$	1,604			$	-			$	15,160
Preferred stocks			279				28				-				307
Exchange traded funds			4,454				-				-				4,454
Corporate obligations			-				4,568				-				4,568
State and municipal obligations			-				1,046				-				1,046
Pooled fixed income funds			7,767				-				-				7,767
U.S. government securities			-				286				-				286
Marketable CD's			-				911				-				911
Cash and cash equivalents			2,748				-				-				2,748
Subtotal		$	28,804			$	8,443			$	-			$	37,247
Other assets (1)															106
Total														$	37,353

(1) This category represents trust receivables that are not leveled.

The following table summarizes the fair value of the Company’s pension plan assets at December 31, 2017, by asset category within the fair value hierarchy (for further level information, see Note 4):

		December 31, 2017
		Quoted Prices				Significant				Significant
		in Active Markets				Observable Inputs				Unobservable Inputs
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Common stocks		$	13,855			$	1,628			$	-			$	15,483
Preferred stocks			290				57				-				347
Exchange traded funds			5,546				-				-				5,546
Corporate obligations			-				5,867				-				5,867
State and municipal obligations			-				1,313				-				1,313
Pooled fixed income funds			6,895				-				-				6,895
U.S. government securities			-				381				-				381
Cash and cash equivalents			2,444				-				-				2,444
Subtotal		$	29,030			$	9,246			$	-			$	38,276
Other assets (1)															93
Total														$	38,369

(1) This category represents trust receivables that are not leveled.

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