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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Supplemental Retirement Plan  
Benefit plans  
Schedule of change in projected benefit obligation

 

 

 

 

 

 

 

 

 

    

2017

    

2016

 

 

 

(Dollars in thousands)

 

Change in projected benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

27,376

 

$

26,287

 

Service cost

 

 

325

 

 

534

 

Actuarial loss (gain)

 

 

790

 

 

425

 

Interest cost

 

 

1,034

 

 

1,035

 

Benefits paid

 

 

(1,015)

 

 

(905)

 

Projected benefit obligation at end of year

 

$

28,510

 

$

27,376

 

Amounts recognized in accumulated other comprehensive loss:

 

 

 

 

 

 

 

Net actuarial loss

 

$

7,849

 

$

7,335

 

 

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

 

 

 

 

 

 

 

    

2017

    

2016

 

Discount rate

 

3.38

%  

3.85

%

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

 

 

 

 

 

 

    

Estimated

 

 

 

Benefit

 

Year

 

Payments

 

 

 

(Dollars in thousands)

 

2018

 

$

1,085

 

2019

 

 

1,592

 

2020

 

 

1,604

 

2021

 

 

1,648

 

2022

 

 

1,814

 

2023 to 2027

 

 

9,970

 

 

 

$

17,713

 

 

Schedule of components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

    

2016

 

 

 

(Dollars in thousands)

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

Service cost

 

$

325

 

$

534

 

Interest cost

 

 

1,034

 

 

1,035

 

Amortization of net actuarial loss

 

 

276

 

 

239

 

Net periodic benefit cost

 

$

1,635

 

$

1,808

 

 

Schedule of assumption used to determine the net periodic benefit cost

 

 

 

 

 

 

 

    

2017

    

2016

 

Discount rate

 

3.85

%  

4.00

%

Rate of compensation increase

 

N/A

 

N/A

 

 

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

 

 

 

 

 

 

 

 

 

 

2017

    

2016

 

 

 

(Dollars in thousands)

 

Change in projected benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

6,301

 

$

6,215

 

Interest cost

 

 

243

 

 

248

 

Actuarial (gain) loss

 

 

167

 

 

(162)

 

Projected benefit obligation at end of period

 

$

6,711

 

$

6,301

 

 

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

 

 

 

 

 

 

 

    

2017

    

2016

 

Discount rate

 

3.38

%  

3.85

%

 

Schedule of components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

    

 

    

 

 

 

 

 

 

 

 

 

 

 

 

2017

    

2016

 

 

 

(Dollars in thousands)

 

Amortization of prior transition obligation

 

$

(71)

 

$

(51)

 

Interest cost

 

 

243

 

 

248

 

Net periodic benefit cost

 

$

172

 

$

197

 

 

Schedule of assumption used to determine the net periodic benefit cost

 

 

 

 

 

 

 

    

2017

    

2016

 

Discount rate

 

3.85

%  

4.00

%

 

Schedule of amounts recognized in accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

 

2017

    

2016

 

 

 

(Dollars in thousands)

 

Net actuarial loss

 

$

2,453

 

$

2,126

 

Prior transition obligation

 

 

1,238

 

 

1,328

 

Accumulated other comprehensive loss

 

$

3,691

 

$

3,454