Pension and Other Benefits (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The following table sets forth changes in projected benefit obligation, changes in fair value of plan assets, funded status, and amounts recognized in the consolidated statements of condition for the Company’s pension plans at December 31, 2015 and 2014.

	2015		2014
	(dollars in thousands)
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	15,074	$	13,569
Interest cost		519		576
Actuarial (gain) loss		(466)		2,023
Benefits paid		(717)		(701)
Settlements		(1,342)		(393)
Projected benefit obligation at end of year	$	13,068	$	15,074
Change in Plan Assets:
Fair value of plan assets at beginning year	$	10,414	$	11,026
Actual return on plan assets		(296)		413
Employer contributions		2,000		-
Benefits paid		(717)		(701)
Settlements		(1,114)		(324)
Fair value of plan assets at end of year	$	10,287	$	10,414
Funded status	$	(2,781)	$	(4,660)

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

The Company expects to recognize approximately $295,000 of the net actuarial loss reported in the following table as of December 31, 2015 as a component of net periodic pension expense during 2016.

	2015		2014
Net actuarial loss recognized in accumulated other
comprehensive income	$	6,677	$	7,595

Schedule of Net Benefit Costs [Table Text Block]

The net periodic pension expense and other comprehensive income (before tax) for 2015, 2014 and 2013 includes the following:

	2015		2014		2013
	(dollars in thousands)
Interest cost	$	519	$	576	$	529
Expected return on plan assets		(562)		(596)		(488)
Net amortization		433		223		375
Recognized settlement loss		650		1		-
Total net periodic pension expense	$	1,040	$	204	$	416
Total (gain) loss recognized in other comprehensive        income		(918)		1,896		(654)
Total recognized in net periodic expense and other        comprehensive income (before tax)	$	122	$	2,100	$	(238)

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

The following table presents the assumptions used to calculate the projected benefit obligation in each of the last three years.

	2015	2014	2013
Discount rate	4.06%	3.76%	4.84%
Rate of compensation increase	N/A	N/A	N/A
Expected long-term rate of return on plan assets	5.50%	5.50%	5.50%

The following information is provided for the year ended December 31:

	2015	2014	2013
	(dollars in thousands)
Weighted average assumptions used to determine net
periodic benefit cost for years ended December 31
Discount rate	3.76%	4.84%	4.03%
Expected long-term return on plan assets	5.50%	5.50%	5.50%
Rate of compensation increase	N/A	N/A	N/A

Schedule of Allocation of Plan Assets [Table Text Block]

The Company’s pension plan asset allocation as of December 31, 2015 and 2014, target allocation for 2016, and expected long-term rate of return by asset are as follows:

						Weighted
						Average
		% of Plan		% of Plan		Expected
		Assets –		Assets –		Long-Term
	Target	Year Ended		Year Ended		Rate of
No Related Allowance Recorded	Allocation	2015		2014		Return
Equity Securities
Domestic	48%		47%		42%		2.9%
International	13%		15%		13%		0.8%
Debt and/or fixed income securities	29%		28%		36%		1.3%
Mutual funds	8%		8%		-		0.5%
Cash and other alternative investments,
including real estate funds, hedge funds and
equity structured notes	2%		2%		9%		0%
Total	100%	$	100%	$	100%	$	5.5%

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

The fair values of the Company’s pension plan assets at December 31, 2015 and 2014, by asset class, are as follows:

	December 31,
	2015		Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
Asset Class			(Level 1)		(Level 2)		(Level 3)
	(dollars in thousands)
Cash	$	114	$	114	$	-	$	-
Equity securities:
U.S. companies		4,832		4,832		-		-
International
companies		1,584		1,584		-		-
Debt and/or fixed
income securities		2,904		2,904
Real estate funds		73		73		-		-
Mutual funds		780		780		-		-
Total	$	10,287	$	10,287	$	-	$	-
	December 31,
	2014		Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
Asset Class			(Level 1)		(Level 2)		(Level 3)
	(dollars in thousands)
Cash	$	869	$	869	$	-	$	-
Equity securities:
U.S. companies		4,304		4,304		-		-
International
companies		1,394		1,394		-		-
Debt and/or fixed
income securities		3,754		3,754
Real estate funds		93		93		-		-
Total	$	10,414	$	10,414	$	-	$	-

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

The following benefit payments, which reflect expected future service, as appropriate, for the following years are as follows (in thousands):

2016	$	744
2017		744
2018		733
2019		744
2020		751
2021-2025		3,765