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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2016
Employee Benefit Plans [Abstract] |
Schedule of Net Funded Status | The following tables summarize benefit obligation and funded status, plan asset activity, components of net pension cost, and weighted average assumptions for the Pension Plan and the SERP: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | Pension |  | SERP
﻿(in thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
﻿Change in Benefit Obligation |  |  |  |  |  |  |  |
﻿Obligation at the beginning of the year | $ | 39,416 | $ | 39,348 | $ | 6,289 | $ | 5,827
﻿Service cost |  | 305 |  | 316 |  | 100 |  | 121
﻿Interest cost |  | 1,740 |  | 1,579 |  | 279 |  | 239
﻿Change in discount rate and mortality assumptions |  | 3,127 |  | (1,207) |  | 0 |  | 0
﻿Actuarial losses |  | 149 |  | 841 |  | 775 |  | 190
﻿Settlement losses |  | (268) |  | 0 |  | 0 |  | 0
﻿Benefits paid |  | (3,383) |  | (1,461) |  | (141) |  | (88)
﻿Obligation at the end of the year |  | 41,086 |  | 39,416 |  | 7,302 |  | 6,289
﻿Change in Plan Assets |  |  |  |  |  |  |  |
﻿Fair value at the beginning of the year |  | 39,200 |  | 38,967 |  | 0 |  | 0
﻿Actual return on plan assets |  | 2,172 |  | (306) |  | 0 |  | 0
﻿Employer contribution |  | 3,000 |  | 2,000 |  | 141 |  | 88
﻿Benefits paid |  | (3,383) |  | (1,461) |  | (141) |  | (88)
﻿Fair value at the end of the year |  | 40,989 |  | 39,200 |  | 0 |  | 0
﻿Unfunded Status | $ | (97) | $ | (216) | $ | (7,302) | $ | (6,289)
﻿
Components of Net Periodic Pension Plan Cost |
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | Pension |  | SERP
﻿(in thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
﻿Components of Net Pension Cost |  |  |  |  |  |  |  |
﻿Service cost | $ | 305 | $ | 316 | $ | 100 | $ | 121
﻿Interest cost |  | 1,740 |  | 1,579 |  | 279 |  | 239
﻿Expected return on assets |  | (2,796) |  | (2,965) |  | 0 |  | 0
﻿Amortization of transition asset |  | 0 |  | (19) |  | 0 |  | 0
﻿Amortization of recognized loss |  | 848 |  | 781 |  | 73 |  | 49
﻿Amortization of prior service cost |  | 12 |  | 12 |  | 20 |  | 20
﻿Net pension expense/(income) in employee benefits | $ | 109 | $ | (296) | $ | 472 | $ | 429
﻿ |  |  |  |  |  |  |  |
﻿Weighted Average Assumptions used to |  |  |  |  |  |  |  |
﻿determine benefit obligations: |  |  |  |  |  |  |  |
﻿Discount rate for benefit obligations |  | 4.10% |  | 4.50% |  | 4.00% |  | 4.00%
﻿Discount rate for net pension cost |  | 4.50% |  | 4.00% |  | 0 |  | 0
﻿Expected long-term return on assets |  | 7.00% |  | 7.00% |  | 0 |  | 0
﻿Rate of compensation increase |  | 3.00% |  | 3.00% |  | 3.00% |  | 3.00%
﻿Mortality tables |  | RP-2014 |  | RP-2014 |  | N/A |  | N/A
﻿
Schedule of Target Asset Allocations | ﻿
﻿ |  |
﻿ |  |
﻿Asset Class | Normalized Target | Range
﻿Cash | 5% | 0% - 20%
﻿Fixed Income | 40% | 30% - 50%
﻿Equities | 55% | 45% - 65%
﻿
Actual Plan Asset Allocations | As of December 31, 2016 and 2015, the value of Pension Plan investments was as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |
﻿December 31, 2016 |  |  |  |  | Fair Value Hierarchy
﻿(Dollars in thousands) |  | Assets at Fair Value | % of Portfolio |  | Level 1 |  | Level 2
﻿Cash and cash equivalents | $ | 1,951 | 4.8% | $ | 1,951 | $ | 0
﻿Fixed income securities: |  |  |  |  |  |  |
﻿ U.S. Government and Agencies |  | 227 | 0.5% |  | 0 |  | 227
﻿ Taxable municipal bonds and notes |  | 3,630 | 8.9% |  | 0 |  | 3,630
﻿ Corporate bonds and notes |  | 9,500 | 23.2% |  | 0 |  | 9,500
﻿ Preferred stock |  | 492 | 1.2% |  | 0 |  | 492
﻿ Fixed income mutual funds |  | 2,682 | 6.5% |  | 2,682 |  | 0
﻿ Total fixed income |  | 16,531 | 40.3% |  | 2,682 |  | 13,849
﻿Equities: |  |  |  |  |  |  |
﻿ Large Cap |  | 16,917 | 41.3% |  | 16,917 |  | 0
﻿ Mid Cap |  | 2,477 | 6.0% |  | 2,477 |  | 0
﻿ Small Cap |  | 1,199 | 2.9% |  | 1,199 |  | 0
﻿ International |  | 1,914 | 4.7% |  | 1,914 |  | 0
﻿ Total equities |  | 22,507 | 54.9% |  | 22,507 |  | 0
﻿Total market value | $ | 40,989 | 100.0% | $ | 27,140 | $ | 13,849
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿December 31, 2015 |  |  |  |  | Fair Value Hierarchy
﻿(Dollars in thousands) |  | Assets at Fair Value | % of Portfolio |  | Level 1 |  | Level 2
﻿Cash and cash equivalents | $ | 2,260 | 5.8% | $ | 2,260 | $ | 0
﻿Fixed income securities: |  |  |  |  |  |  |
﻿ U.S. Government and Agencies |  | 131 | 0.3% |  | 0 |  | 131
﻿ Taxable municipal bonds and notes |  | 2,869 | 7.3% |  | 0 |  | 2,869
﻿ Corporate bonds and notes |  | 8,774 | 22.4% |  | 0 |  | 8,774
﻿ Preferred stock |  | 542 | 1.4% |  | 0 |  | 542
﻿ Fixed income mutual funds |  | 2,736 | 7.0% |  | 2,736 |  | 0
﻿ Total fixed income |  | 15,052 | 38.5% |  | 2,736 |  | 12,316
﻿Equities: |  |  |  |  |  |  |
﻿ Large Cap |  | 16,364 | 41.7% |  | 16,364 |  | 0
﻿ Mid Cap |  | 2,775 | 7.0% |  | 2,775 |  | 0
﻿ Small Cap |  | 1,061 | 2.7% |  | 1,061 |  | 0
﻿ International |  | 1,688 | 4.3% |  | 1,688 |  | 0
﻿ Total equities |  | 21,888 | 55.7% |  | 21,888 |  | 0
﻿Total market value | $ | 39,200 | 100.0% | $ | 26,884 | $ | 12,316
﻿
Expected Future Benefit Payments | Estimated cash flows related to expected future benefit payments from the Pension Plan and SERP are as follows: ﻿
﻿ |  |  |  |
﻿(In thousands) |  | Pension Plan |  | SERP
﻿2017 | $ | 1,689 | $ | 215
﻿2018 |  | 1,745 |  | 257
﻿2019 |  | 1,908 |  | 319
﻿2020 |  | 1,998 |  | 315
﻿2021 |  | 2,127 |  | 371
﻿2022-2026 |  | 11,995 |  | 1,999
﻿
Schedule of Amounts in Accumulated Other Comprehensive Income | Amounts included in accumulated other comprehensive loss as of December 31, 2016 and 2015, net of tax, are as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | 2016 |  | 2015
﻿(In thousands) |  | Pension |  | SERP |  | Pension |  | SERP
﻿Unrecognized net actuarial loss | $ | 14,335 | $ | 729 | $ | 12,641 | $ | 306
﻿Unrecognized prior service costs |  | 13 |  | (8) |  | 20 |  | 4
﻿ | $ | 14,348 | $ | 721 | $ | 12,661 | $ | 310
﻿ |  |
﻿ |  |
﻿
Schedule of Amounts that Will Be Amortized from Other Comprehensive Loss | 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) |  | Pension |  | SERP
﻿Prior service costs | $ | 12 | $ | (3)
﻿Net actuarial loss |  | 1,057 |  | 146
﻿ | $ | 1,069 | $ | 143
﻿

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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