Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of components of net periodic benefit cost

Information pertaining to the activity in the plan is as follows (dollars in thousands):



	As of and for the Years Ended December 31,
	2017			2016			2015
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	7,932		$	8,453		$	10,710
Service cost	—			—			—
Interest cost	237			269			297
Actuarial (gain) loss	611			352			(100		)
Settlement gain	(3		)	(51		)	—
Benefits paid	(464		)	(1,091		)	(2,454		)
Projected benefit obligation at end of year	8,313			7,932			8,453

Change in Plan Assets:
Fair value of plan assets at beginning of year	7,647			8,428			10,949
Actual return on plan assets	373			310			(67		)
Benefits paid	(464		)	(1,091		)	(2,454		)
Fair value of plan assets at end of year	7,556			7,647			8,428

Funded Status at End of Year	$	(757	)	$	(285	)	$	(25	)

Amounts Recognized in the Consolidated Balance Sheets
Other liabilities	$	(757	)	$	(285	)	$	(25	)

Amounts Recognized in Accumulated Other Comprehensive Loss
Net actuarial loss	$	2,886		$	2,652		$	2,818
Deferred income taxes	(606		)	(928		)	(986		)
Amount recognized	$	2,280		$	1,724		$	1,832

	As of and for the Years Ended December 31,
	2017			2016			2015
Components of Net Periodic Benefit Cost
Service cost	$	—		$	—		$	—
Interest cost	237			269			297
Expected return on plan assets	(353		)	(385		)	(459		)
Recognized net loss due to settlement	135			315			671
Recognized net actuarial loss	218			228			293
Net periodic benefit cost	$	237		$	427		$	802



Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss
Net actuarial (gain) loss	$	234	$	(166	)	$	(538	)
Amortization of prior service cost	—		—			—
Total recognized in other comprehensive (income) loss	$	234	$	(166	)	$	(538	)

Total Recognized in Net Periodic Benefit Cost and Other Comprehensive (Income) Loss	$	471	$	261		$	264

Weighted-average asset allocations by asset category

Below is a description of the plan's assets. The plan's weighted-average asset allocations by asset category are as follows as of December 31, 2017 and 2016:



Asset Category	December 31,
	2017		2016
Fixed Income	61.7	%	51.3	%
Equity	29.5	%	38.0	%
Cash and Accrued Income	8.8	%	10.7	%
Total	100.0	%	100.0	%

Fair value of pension plan assets by asset category

The fair value of the Company's pension plan assets at December 31, 2017 and 2016, by asset category are as follows (dollars in thousands):



			Fair Value Measurements at December 31, 2017 using
	Balance at December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Asset Category	2017		Level 1		Level 2		Level 3
Cash	$	617	$	617	$	—	$	—
Fixed income securities
Government sponsored entities	1,892		—		1,892		—
Municipal bonds and notes	1,931		—		1,931		—
Corporate bonds and notes	880		—		880		—
Equity securities
U.S. companies	1,768		1,768		—		—
Foreign companies	468		468		—		—
	$	7,556	$	2,853	$	4,703	$	—



			Fair Value Measurements at December 31, 2016 using
	Balance at December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Asset Category	2016		Level 1		Level 2		Level 3
Cash	$	780	$	780	$	—	$	—
Fixed income securities
Government sponsored entities	1,496		—		1,496		—
Municipal bonds and notes	1,453		—		1,453		—
Corporate bonds and notes	973		—		973		—
Equity securities
U.S. companies	2,505		2,505		—		—
Foreign companies	440		440		—		—
	$	7,647	$	3,725	$	3,922	$	—

Projected benefit payments

Projected benefit payments for the years 2018 to 2026 are as follows (dollars in thousands):



Year	Amount
2018	$	1,248
2019	894
2020	457
2021	673
2022	617
2023-2026	3,519