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10. PENSION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2016
Retirement Plan [Member] |
Defined contribution plan schedule |
|  | 2016 |  |  | 2015 |
Changes in plan assets: |  |  |  |  |  |  |  |
Fair value of plan assets, beginning |  | $ | 12,567 |  |  | $ | 13,180 |
Actual gain (loss) |  |  | 523 |  |  |  | (298 | )
Benefits paid |  |  | (667 | ) |  |  | (315 | )
Company contributions |  |  | – |  |  |  | – |
Participant contributions |  |  | – |  |  |  | – |
Fair value of plan assets, ending |  | $ | 12,423 |  |  | $ | 12,567 |
Less: accumulated/projected benefit obligation |  | $ | 18,455 |  |  | $ | 16,552 |
Funded status, (underfunded)/overfunded |  | $ | (6,032 | ) |  | $ | (3,985 | )
Amounts recognized in the consolidated balance sheets: |  |  |  |  |  |  |  |
Other liabilities |  | $ | (6,032 | ) |  | $ | (3,985 | )
Accumulated other comprehensive loss (income) |  | $ | 1,047 |  |  | $ | (885 | )
Components of net periodic benefit costs are as follows: |  |  |  |  |  |  |  |
Service cost |  | $ | 223 |  |  | $ | 211 |
Interest cost |  |  | 686 |  |  |  | 338 |
Expected return on plan assets |  |  | (794 | ) |  |  | (500 | )
Net periodic benefit cost |  | $ | 115 |  |  | $ | 49 |
Loss (gain) recognized in other comprehensive income (expense) |  | $ | 1,932 |  |  | $ | (885 | )
Assumptions used |
Assumptions used in computation benefit obligations: |  |  |  |  |  |
Discount rate |  |  | 4.15% |  |  |  | 4.23% |
Expected long-term return on plan assets |  |  | 6.75% |  |  |  | 7.75% |
Rate of compensation increase |  |  | – |  |  |  | – |
Schedule of Expected Benefit Payments |
December 31: |  |  |
2017 |  | $ | 750 |
2018 |  |  | 780 |
2019 |  |  | 790 |
2020 |  |  | 820 |
2021 |  |  | 830 |
2022-26 |  |  | 4,860 |
|  | $ | 8,830 |
Postretirement Plan [Member] |
Defined contribution plan schedule |
|  | 2016 |  |  | 2015 |
Amounts at the end of the year: |  |  |  |  |  |  |  |
Accumulated/projected benefit obligation |  | $ | 5,371 |  |  | $ | 3,619 |
Fair value of plan assets |  |  | – |  |  |  | – |
Funded status, (underfunded)/overfunded |  | $ | (5,371 | ) |  | $ | (3,619 | )
Amounts recognized in the consolidated balance sheets: |  |  |  |  |  |  |  |
Accrued liabilities |  | $ | (310 | ) |  | $ | (214 | )
Other liabilities |  | $ | (5,061 | ) |  | $ | (3,405 | )
Accumulated other comprehensive loss (expense) |  | $ | 1,573 |  |  | $ | (155 | )
Amounts recognized in the plan for the year: |  |  |  |  |  |  |  |
Company contributions |  | $ | 163 |  |  | $ | 20 |
Participant contributions |  | $ | 22 |  |  | $ | 15 |
Benefits paid |  | $ | (184 | ) |  | $ | (35 | )
Components of net periodic benefit costs are as follows: |  |  |  |  |  |  |  |
Service cost |  | $ | 48 |  |  | $ | 32 |
Interest cost |  |  | 139 |  |  |  | 65 |
Net periodic benefit cost |  | $ | 187 |  |  | $ | 97 |
Loss (gain) recognized in other comprehensive income |  | $ | 1,728 |  |  | $ | (155 | )
Assumptions used in computation benefit obligations: |  |  |  |  |  |  |  |
Discount rate |  |  | 3.95% |  |  |  | 3.67% |
Schedule of Expected Benefit Payments |
December 31: |  |  |
2017 |  | $ | 310 |
2018 |  |  | 290 |
2019 |  |  | 320 |
2020 |  |  | 300 |
2021 |  |  | 320 |
2022-26 |  |  | 1,890 |
|  | $ | 3,430 |

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