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Restructuring Charges
9 Months Ended
Sep. 30, 2018
Restructuring and Related Activities [Abstract]  
Restructuring Charges
Restructuring Charges
During January 2018, the Corporation announced the closure of two owned financial centers and one leased financial center and reduced staff associated with these financial centers, resulting in accruing a loss of $571 thousand related to the Banking business segment. These financial centers were closed in April 2018. The remaining accrued restructuring expense at January 1, 2018 of $23 thousand relates to 2016 restructuring charges.
A roll-forward of the remaining accrued restructuring expense for the nine months ended September 30, 2018 is as follows:
(Dollars in thousands)
Severance expenses
 
Write-downs and retirements of fixed assets
 
Lease cancellations
 
Total
Accrued at January 1, 2018
$

 
$

 
$
23

 
$
23

Restructuring charges
366

 
48

 
157

 
571

Payments
(284
)
 

 
(30
)
 
(314
)
Non-cash settlement

 
(48
)
 

 
(48
)
Accrued at September 30, 2018
$
82

 
$

 
$
150

 
$
232