XML 140 R51.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2019

EMPLOYEE BENEFIT PLANS

Schedule of pension benefits

PENSION BENEFITS:

		YEAR ENDED DECEMBER 31,
		2019			2018
		(IN THOUSANDS)
CHANGE IN BENEFIT OBLIGATION:
Benefit obligation at beginning of year		$	41,094		$	41,013
Service cost			1,470			1,482
Interest cost			1,569			1,273
Actuarial loss			7,758			823
Special/contractual termination benefits			—			63
Benefits paid			(2,330)			(3,560)
Benefit obligation at end of year			49,561			41,094
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year			38,478			37,100
Actual return on plan assets			5,483			(1,062)
Employer contributions			3,200			6,000
Benefits paid			(2,330)			(3,560)
Fair value of plan assets at end of year			44,831			38,478
Funded status of the plan		$	(4,730)		$	(2,616)

Schedule of amounts not yet recognized as a component of periodic pension cost

		YEAR ENDED DECEMBER 31,
		2019			2018
		(IN THOUSANDS)
AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST:
Amounts recognized in accumulated other comprehensive loss consists of:
Net actuarial loss		$	22,113		$	18,461
Total		$	22,113		$	18,461

Schedule of accumulated benefit obligation

		YEAR ENDED DECEMBER 31,
		2019			2018
		(IN THOUSANDS)
ACCUMULATED BENEFIT OBLIGATION:
Accumulated benefit obligation		$	45,501		$	37,695

Schedule of weighted-average assumptions used to determine benefit obligations

The weighted-average assumptions used to determine benefit obligations at December 31, 2019 and 2018 were as follows:

		YEAR ENDED DECEMBER 31,
		2019		2018
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate		3.20	%	4.28	%
Salary scale		2.50		2.50

Schedule of net periodic pension cost

		YEAR ENDED DECEMBER 31,
		2019			2018			2017
		(IN THOUSANDS)
COMPONENTS OF NET PERIODIC BENEFIT COST:
Service cost		$	1,470		$	1,482		$	1,516
Interest cost			1,569			1,273			1,292
Expected return on plan assets			(3,025)			(2,798)			(2,539)
Special termination benefit liability			—			63			—
Recognized net actuarial loss			1,649			1,548			1,454
Net periodic pension cost		$	1,663		$	1,568		$	1,723

Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss

		YEAR ENDED DECEMBER 31,
		2019			2018			2017
		(IN THOUSANDS)
OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS
Net (gain) loss		$	5,300		$	4,683		$	(822)
Recognized loss			(1,649)			(1,548)			(1,454)
Total recognized in other comprehensive loss before tax effect		$	3,651		$	3,135		$	(2,276)
Total recognized in net benefit cost and other comprehensive loss before tax effect		$	5,314		$	4,703		$	(553)

Schedule of weighted-average assumptions used to determine net periodic benefit cost

The weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31, 2019, 2018 and 2017 were as follows:

		YEAR ENDED DECEMBER 31,
		2019		2018		2017
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate		4.28	%	3.63	%	4.12	%
Expected return on plan assets		7.50		7.50		7.75
Rate of compensation increase		2.50		2.50		2.50

Schedule of plan's asset allocations

The plan’s measurement date is December 31, 2019. This plan’s asset allocation at December 31, 2019 and 2018, by asset category are as follows:

		YEAR ENDED DECEMBER 31,
		2019		2018
ASSET CATEGORY:
Cash and cash equivalents		1	%	49	%
Domestic equities		8		7
Mutual funds/ETFs		82		42
International equities		1		—
Corporate bonds		8		2
Total		100	%	100	%

Schedule of fair value of plan assets

The major categories of assets in the Company’s Pension Plan as of year-end are presented in the following table. Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value.

		YEAR ENDED DECEMBER 31,
		2019			2018
		(IN THOUSANDS)
Level 1:
Cash and cash equivalents		$	186		$	18,939
Domestic equities			3,782			2,841
Mutual funds/ETFs			36,469			15,808
International equities			620			—
Level 2:
Corporate bonds			3,774			890
Total fair value of plan assets		$	44,831		$	38,478

Schedule of benefit payments

The following benefit payments, which reflect future service, as appropriate, are expected to be paid.

		ESTIMATED FUTURE
YEAR:		BENEFIT PAYMENTS
		(IN THOUSANDS)
2020		$	4,096
2021			3,910
2022			4,317
2023			3,949
2024			4,205
Years 2025-2029			15,975

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

No definition available.

+ Details

Name:	asrv_ScheduleOfAssumptionsUsedToCalculateBenefitObligationsTableTextBlock
Namespace Prefix:	asrv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of fair value of plan assets.

+ References

No definition available.

+ Details

Name:	asrv_ScheduleOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	asrv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit 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 (e)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAccumulatedAndProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including 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 (s)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ 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 (k)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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
-URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration