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RETIREMENT PLANS: (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
Net periodic benefit cost and other amounts recognized in other comprehensive income included the following components:
 
(Dollar amounts in thousands)
 
2013
 
2012
 
2011
Service cost - benefits earned
 
$
2,238

 
$
4,872

 
$
3,542

Interest cost on projected benefit obligation
 
3,383

 
3,667

 
3,688

Expected return on plan assets
 
(3,309
)
 
(3,258
)
 
(4,003
)
Net amortization and deferral
 
2,075

 
2,434

 
1,152

Net periodic pension cost
 
4,387

 
7,715

 
4,379

Net loss (gain) during the period
 
(14,697
)
 
3,842

 
17,868

Curtailment gain
 

 
(5,700
)
 

Amortization of prior service cost
 
16

 
(166
)
 
(166
)
Amortization of unrecognized gain (loss)
 
(2,091
)
 
(2,270
)
 
(986
)
Total recognized in other comprehensive income (loss)
 
(16,772
)
 
(4,294
)
 
16,716

Total recognized net periodic pension cost and other comprehensive income
 
$
(12,385
)
 
$
3,421

 
$
21,095

Schedule of Defined Benefit Plans Disclosures
The information below sets forth the change in projected benefit obligation, reconciliation of plan assets, and the funded status of the Corporation's retirement program. Actuarial present value of benefits is based on service to date and present pay levels.
 
(Dollar amounts in thousands)
 
2013
 
2012
Change in benefit obligation:
 
 

 
 

Benefit obligation at January 1
 
$
86,807

 
$
84,908

Service cost
 
2,238

 
4,872

Interest cost
 
3,383

 
3,667

Actuarial (gain) loss
 
(7,098
)
 
(4,747
)
Benefits paid
 
(3,861
)
 
(1,893
)
Benefit obligation at December 31
 
81,469

 
86,807

Reconciliation of fair value of plan assets:
 
 

 
 

Fair value of plan assets at January 1
 
57,491

 
53,935

Actual return on plan assets
 
10,909

 
371

Employer contributions
 
2,694

 
5,078

Benefits paid
 
(3,861
)
 
(1,893
)
Fair value of plan assets at December 31
 
67,233

 
57,491

Funded status at December 31 (plan assets less benefit obligation)
 
$
(14,236
)
 
$
(29,316
)
Schedule of Assumptions Used
The accumulated benefit obligation for the defined benefit pension plan was $75.7 million and $79.9 million at year-end
2013 and 2012.
 
Principal assumptions used to determine pension benefit obligation at year end:
 
2013
 
2012
Discount rate
 
4.95
%
 
4.05
%
Rate of increase in compensation levels
 
3.50

 
3.50



Principal assumptions used to determine net periodic pension cost:
 
2013
 
2012
Discount rate
 
4.05
%
 
4.40
%
Rate of increase in compensation levels
 
3.50

 
3.50

Expected long-term rate of return on plan assets
 
6.00

 
6.00

Schedule of Allocation of Plan Assets
The Corporation's pension plan weighted-average asset allocation for the years 2013 and 2012 by asset category are as follows:
 
 
 
Pension Plan
Target Allocation
 
ESOP
Target Allocation
 
Pension
Pecentage of Plan
Assets at December 31,
 
ESOP
Pecentage of Plan
Assets at December 31,
ASSET CATEGORY
 
2013
 
2013
 
2013
 
2012
 
2013
 
2012
Equity securities
 
40-65%
 
95-99%
 
64
%
 
55
%
 
99
%
 
98
%
Debt securities
 
35-60%
 
0-0%
 
34
%
 
33
%
 
%
 
%
Other
 
0-10%
 
0-5%
 
2
%
 
12
%
 
1
%
 
2
%
TOTAL
 
 
 
 
 
100
%
 
100
%
 
100
%
 
100
%
Schedule Of Fair Value Of Plan Assets
The fair value of the plan assets at December 31, 2013 and 2012, by asset category, is as follows:
 
 
 
 
 
Fair Value Measurments at
December 31, 2013 Using:
 
 
 
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Observable
Inputs
(Dollar amounts in thousands)
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Plan assets
 
 

 
 

 
 

 
 

Equity securities
 
$
53,112

 
$
53,112

 
$

 
$

Debt securities
 
12,015

 

 
12,015

 

Investment Funds
 
2,106

 
2,106

 

 

Total plan assets
 
$
67,233

 
$
55,218

 
$
12,015

 
$


 
 
 
 
Fair Value Measurments at
December 31, 2012 Using:
 
 
 
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Observable
Inputs
(Dollar amounts in thousands)
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Plan assets
 
 

 
 

 
 

 
 

Equity securities
 
$
43,393

 
$
43,393

 
$

 
$

Debt securities
 
10,597

 

 
10,597

 

Investment Funds
 
3,501

 
3,501

 

 

Total plan assets
 
$
57,491

 
$
46,894

 
$
10,597

 
$

Schedule of Expected Benefit Payments
Estimated Future Payments — The following benefit payments, which reflect expected future service, are expected:
 
PENSION BENEFITS
(Dollar amounts in thousands)
2014
$
4,010

2015
4,235

2016
4,489

2017
4,628

2018
4,752

2019-2023
27,005

Schedule Of Weighted Average Assumptions
Weighted average assumptions at December 31:
 
 
 
December 31,
 
 
2013
 
2012
Discount rate
 
4.95
%
 
4.05
%
Initial weighted health care cost trend rate
 
7.50

 
7.50

Ultimate health care cost trend rate
 
5.00

 
5.00

Year that the rate is assumed to stabilize and remain unchanged
 
2015

 
2015

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one-percentage-point change in the assumed health care cost trend rates would have the following effects:
 
 
 
1% Point
 
1% Point
(Dollar amounts in thousands)
 
Increase
 
Decrease
Effect on total of service and interest cost components
 
$
3

 
$
2

Effect on post-retirement benefit obligation
 
56

 
50

Supplemental Employee Retirement Plans, Defined Benefit
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
The amounts recognized in other comprehensive income in the current year are as follows:
 
(Dollar amounts in thousands)
 
2013
 
2012
 
2011
Net loss (gain) during the period
 
$
(333
)
 
$
442

 
$
486

Amortization of prior service cost
 

 

 
(74
)
Amortization of unrecognized gain (loss)
 
(68
)
 
(79
)
 
39

Total recognized in other comprehensive income (loss)
 
$
(401
)
 
$
363

 
$
451

Schedule of Expected Benefit Payments
Estimated Future Payments — The following benefit payments, which reflect expected future service, are expected:
 
(Dollar amounts on thousands)
2013
$

2014
234

2015
231

2016
227

2017
224

2018-2022
869

Estimated Future Payments
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in accumulated other comprehensive income at December 31, 2013 and 2012 consist of:
(Dollar amounts in thousands)
 
2013
 
2012
Net loss (gain)
 
$
(14,697
)
 
$
3,842

Prior service cost (credit)
 
16

 
(166
)
 
 
$
(14,681
)
 
$
3,676

Post Retirement Health Benefit Expense
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
The Corporation uses a measurement date of December 31. Accrued post-retirement benefits as of December 31, 2013 and 2012 are as follows:
 
 
 
December 31,
(Dollar amounts in thousands)
 
2013
 
2012
Change in benefit obligation:
 
 

 
 

Benefit obligation at January 1
 
$
4,395

 
$
4,057

Service cost
 
68

 
60

Interest cost
 
173

 
173

Plan participants' contributions
 
37

 
62

Actuarial (gain) loss
 
(338
)
 
311

Benefits paid
 
(247
)
 
(268
)
Benefit obligation at December 31
 
$
4,088

 
$
4,395

Funded status at December 31
 
$
4,088

 
$
4,395

Post-retirement health benefit expense included the following components:
 
 
 
Years Ended December 31,
(Dollar amounts in thousands)
 
2013
 
2012
 
2011
Service cost
 
$
68

 
$
60

 
$
59

Interest cost
 
173

 
173

 
194

Amortization of transition obligation
 
60

 
60

 
60

Recognized actuarial loss
 

 

 

Net periodic benefit cost
 
$
301

 
$
293

 
$
313

Net loss (gain) during the period
 
$
(338
)
 
$
311

 
$
(469
)
Amortization of prior service cost
 
(59
)
 
(60
)
 
(60
)
Total recognized in other comprehensive income (loss)
 
$
(397
)
 
$
251

 
$
(529
)
Total recognized net periodic benefit cost and other comprehensive income
 
$
(96
)
 
$
544

 
$
(216
)
Schedule of Expected Benefit Payments
Estimated Future Payments — The following benefit payments, which reflect expected future service, are expected:
(Dollar amounts in thousands)
2014
$
248

2015
262

2016
275

2017
277

2018
276

2019-2023
1,396