Retirement Plans (Tables)

6 Months Ended

Jun. 30, 2016

Compensation and Retirement Disclosure [Abstract]

The following table sets forth the benefit expense attributable to the 401(k) Plan matching contributions, and the contributions made by the Company to the 401(k) Plan during the periods indicated:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015
401(k) Plan benefits expense	$	169		—	$	329		—
401(k) Plan contributions made by the Company	$	168		—	$	461		—

Summary of ESOP Activities

The following table sets forth the benefit expense attributable to the ESOP, and the contributions made by the Company to the ESOP during the periods indicated:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015
ESOP benefits expense	$	464	$	571	$	905	$	1,138
ESOP contributions made by the Company	$	905	$	571	$	905	$	1,506

Schedule of Deferred Compensation Earnings Credits Included in Noninterest Expense

The following table sets forth the earnings credits on deferred balances included in noninterest expense during the periods indicated:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015
Deferred compensation earnings credits included in noninterest expense	$	129	$	137	$	255	$	286

Net Periodic Benefit Cost Recognized for Supplemental Retirement Plans

The following table sets forth the net periodic benefit cost recognized for the plans:


	Three months ended June 30,						Six months ended June 30,
(in thousands)	2016			2015			2016			2015
Net pension cost included the following components:
Service cost-benefits earned during the period	$	260		$	256		$	521		$	512
Interest cost on projected benefit obligation		256			239			512			478
Amortization of net obligation at transition		—			—			1			—
Amortization of prior service cost		(10	)		(14	)		(20	)		(28	)
Recognized net actuarial loss		138			206			275			412

Net periodic pension cost	$	644		$	687		$	1,289		$	1,374


Company contributions to pension plans	$	305		$	455		$	574		$	661
Pension plan payouts to participants	$	305		$	455		$	574		$	661