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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Benefit Costs
The following tables detail the components of the net periodic cost for the plans:
 
 
Pension Benefits
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(Dollars in thousands)
2015
2014
 
2015
2014
Interest cost
$
109

$
131

 
$
224

$
274

Expected return on plan assets
(121
)
(150
)
 
(251
)
(319
)
Amortization of net loss
31

36

 
64

69

Settlement of benefit obligation
103

536

 
372

1,022

Net periodic cost
$
122

$
553

 
$
409

$
1,046

 
Postretirement Benefits
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(Dollars in thousands)
2015
2014
 
2015
2014
Interest cost
$
1

$
2

 
$
2

$
3

Amortization of net gain
(1
)
(2
)
 
(2
)
(4
)
Net periodic benefit
$

$

 
$

$
(1
)
Schedule of Pension Plans Remeasurement and Settlements
The following table summarizes the change in pension obligation and funded status as a result of this remeasurement and the aggregate settlement for the three months ended June 30, 2015:
 
As of
June 30, 2015
(Dollars in thousands)
December 31,
Before
Settlement
Impact of
Settlements
After
Settlements
Funded status:
2014
Projected benefit obligation
$
13,695

$
12,695

$
(258
)
$
12,437

Fair value of plan assets
8,259

7,794

(258
)
7,536

Funded status
$
(5,436
)
$
(4,901
)
$

$
(4,901
)
 
 
 
 
 
Gross unrealized loss (gain)
$
5,979

$
5,139

$
(103
)
$
5,036

 
 
 
 
 
Assumptions:
 
 
 
 
Discount rate
3.50
%
3.70
%
 
3.70
%
Expected return on plan assets
7.50
%
7.50
%
 
7.50
%