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PENSION PLANS. (Tables)

12 Months Ended

Dec. 31, 2019

Postretirement Plan [Member]

Schedule of defined contribution plan schedule

		2019				2018
Changes in plan assets:
Fair value of plan assets, beginning		$	13,257			$	13,958
Actual gains (losses)			2,692				(946	)
Benefits paid			(698	)			(667	)
Company contributions			403				912
Participant contributions			—				—
Fair value of plan assets, ending		$	15,654			$	13,257
Less: projected accumulated benefit obligation		$	21,643			$	18,690
Funded status, (underfunded)/overfunded		$	(5,989	)		$	(5,433	)
Amounts recognized in the consolidated balance sheets:
Other liabilities		$	(5,989	)		$	(5,433	)
Accumulated other comprehensive loss (income)		$	1,654			$	1,069
Components of net periodic benefit costs are as follows:
Service cost		$	374			$	424
Interest cost			760				694
Expected return on plan assets			(760	)			(816	)
Net periodic benefit cost		$	374			$	302
Loss recognized in other comprehensive income (expense)		$	585			$	343
Assumptions used in computation benefit obligations:
Discount rate			3.25	%			4.15	%
Expected long-term return on plan assets			6.25	%			6.25	%
Rate of compensation increase			—				—

Schedule of expected benefit payments

The following table summarizes the expected benefit payments for the Company's Retirement Plan for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter (in thousands):

December 31:
2020		$	800
2021			810
2022			840
2023			880
2024			920
2025-29			5,250
		$	9,500

Retirement Plan [Member]

Schedule of defined contribution plan schedule

Information related to the Postretirement Plan as of December 31, 2019 and 2018 is presented below (dollars in thousands):

		2019				2018
Amounts at the end of the year:
Accumulated/projected benefit obligation		$	5,274			$	5,711
Fair value of plan assets			—				—
Funded status, (underfunded)/overfunded		$	(5,274	)		$	(5,711	)
Amounts recognized in the consolidated balance sheets:
Accrued liabilities		$	(280	)		$	(320	)
Other liabilities		$	(4,994	)		$	(5,391	)
Accumulated other comprehensive loss		$	716			$	1,390

		Years Ended December 31,
		2019				2018
Amounts recognized in the plan for the year:
Company contributions		$	171			$	137
Participant contributions		$	24			$	14
Benefits paid		$	(195	)		$	(152	)
Components of net periodic benefit costs are as follows:
Service cost		$	67			$	83
Interest cost			219				182
Amortization of prior service costs			122				131
Net periodic benefit cost		$	408			$	396
Gain recognized in other comprehensive income		$	(674	)		$	(118	)
Discount rate used in computation of benefit obligations			2.95	%			3.35	%

Schedule of expected benefit payments

The following table summarizes the expected benefit payments for the Company's Post-Retirement Plan for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter (in thousands):

December 31:
2020		$	280
2021			320
2022			300
2023			330
2024			370
Thereafter			2,060
		$	3,660

X

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
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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

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-Section 50
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