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Defined Benefit Pension Plans (Tables)
9 Months Ended
Sep. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Components of Net Periodic Benefit Cost
The composition of net periodic benefit cost was as follows:
(Dollars in thousands)
Qualified Pension Plan
 
Non-Qualified Retirement Plans
 
Three months
 
Nine months
 
Three months
 
Nine months
Periods ended September 30,
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost

$537

 

$615

 

$1,611

 

$1,844

 

$30

 

$20

 

$91

 

$59

Interest cost
644

 
731

 
1,932

 
2,195

 
108

 
122

 
324

 
367

Expected return on plan assets
(1,158
)
 
(1,129
)
 
(3,475
)
 
(3,386
)
 

 

 

 

Amortization of prior service (credit) cost
(6
)
 
(6
)
 
(17
)
 
(17
)
 

 

 

 

Recognized net actuarial loss
207

 
313

 
621

 
937

 
62

 
61

 
185

 
183

Net periodic benefit cost

$224

 

$524

 

$672

 

$1,573

 

$200

 

$203

 

$600

 

$609

Schedule of Assumptions Used for Net Periodic Benefit Cost
The following table presents the measurement date and weighted-average assumptions used to determine net periodic benefit cost:
 
Qualified Pension Plan
 
Non-Qualified Retirement Plans
Periods ended September 30,
2016
 
2015
 
2016
 
2015
Measurement date
Dec 31, 2015
 
Dec 31, 2014
 
Dec 31, 2015
 
Dec 31, 2014
Discount rate
N/A
 
4.125%
 
N/A
 
3.90%
Equivalent single discount rate for benefit obligations
4.48%
 
N/A
 
4.19%
 
N/A
Equivalent single discount rate for service cost
4.63
 
N/A
 
4.59
 
N/A
Equivalent single discount rate for interest cost
3.88
 
N/A
 
3.44
 
N/A
Expected long-term return on plan assets
6.75
 
7.25
 
N/A
 
N/A
Rate of compensation increase
3.75
 
3.75
 
3.75
 
3.75