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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Supplemental Retirement Plan  
Benefit plans  
Schedule of change in projected benefit obligation

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

 

 

(Dollars in thousands)

 

Change in projected benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

24,570

 

$

20,712

 

Service cost

 

 

862

 

 

714

 

Actuarial loss (gain)

 

 

805

 

 

3,059

 

Interest cost

 

 

883

 

 

911

 

Benefits paid

 

 

(833

)

 

(826

)

​  

​  

​  

​  

Projected benefit obligation at end of year

 

$

26,287

 

$

24,570

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of amounts recognized in accumulated other comprehensive loss

 

 

 

 

 

​  

​  

​  

​  

Amounts recognized in accumulated other comprehensive loss:

 

 

 

 

 

 

 

Net actuarial loss

 

$

7,149 

 

$

6,730 

 

 

Schedule of weighted-average assumptions used to determine the benefit obligation

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

Discount rate

 

 

4.00 

%

 

3.65 

%

Rate of compensation increase

 

 

N/A

 

 

N/A

 

 

Schedule of estimated benefit payments over the next ten years, which reflect anticipated future events, service and other assumptions

 

                                                                                                                                                                                    

Year

 

Estimated
Benefit
Payments

 

 

 

(Dollars in thousands)

 

2016

 

$

919 

 

2017

 

 

1,413 

 

2018

 

 

1,549 

 

2019

 

 

1,585 

 

2020

 

 

1,635 

 

2021 to 2025

 

 

9,468 

 

 

Schedule of components of net periodic benefit cost

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

 

 

(Dollars in thousands)

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

Service cost

 

$

862 

 

$

714 

 

Interest cost

 

 

883 

 

 

911 

 

Amortization of net actuarial loss

 

 

386 

 

 

142 

 

​  

​  

​  

​  

Net periodic benefit cost

 

$

2,131 

 

$

1,767 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of assumption used to determine the net periodic benefit cost

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

Discount rate

 

 

3.65 

%

 

4.50 

%

Rate of compensation increase

 

 

N/A

 

 

N/A

 

 

Split-Dollar Life Insurance Benefit Plan  
Benefit plans  
Schedule of change in projected benefit obligation

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

 

 

(Dollars in thousands)

 

Change in projected benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

4,641 

 

$

4,353 

 

Interest cost

 

 

169 

 

 

196 

 

Actuarial loss. 

 

 

1,405 

 

 

92 

 

​  

​  

​  

​  

Projected benefit obligation at end of year

 

$

6,215 

 

$

4,641 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of amounts recognized in accumulated other comprehensive loss

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

 

 

(Dollars in thousands)

 

Net actuarial loss

 

$

2,147 

 

$

540 

 

Prior transition obligation

 

 

1,418 

 

 

1,507 

 

​  

​  

​  

​  

Accumulated other comprehensive loss

 

$

3,565 

 

$

2,047 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of weighted-average assumptions used to determine the benefit obligation

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

Discount rate

 

 

4.00 

%

 

3.65 

%

 

Schedule of components of net periodic benefit cost

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

 

 

(Dollars in thousands)

 

Amortization of prior transition obligation

 

$

(113

)

$

(102

)

Interest cost

 

 

169

 

 

196

 

​  

​  

​  

​  

Net periodic benefit cost

 

$

56

 

$

94

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of assumption used to determine the net periodic benefit cost

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

Discount rate

 

 

3.65 

%

 

4.50 

%