Retirement Plans (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
401(k) Plan benefits expense	$	187	$	150	$	515	$	150
401(k) Plan contributions made by the Company	$	187		—	$	648		—

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 September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
ESOP benefits expense	$	463	$	603	$	1,368	$	1,710
ESOP contributions made by the Company		—		—	$	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 September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Deferred compensation earnings credits included in noninterest expense	$	111	$	126	$	366	$	412

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 September 30,						Nine months ended September 30,
(in thousands)	2016			2015			2016			2015
Net pension cost included the following components:
Service cost-benefits earned during the period	$	260		$	256		$	781		$	767
Interest cost on projected benefit obligation		256			239			769			718
Amortization of net obligation at transition		1			—			1			1
Amortization of prior service cost		(10	)		(14	)		(30	)		(43	)
Recognized net actuarial loss		137			206			412			618

Net periodic pension cost	$	644		$	687		$	1,933		$	2,061


Company contributions to pension plans	$	260		$	270		$	834		$	945
Pension plan payouts to participants	$	260		$	270		$	834		$	945