10. PENSION PLANS (Tables)

12 Months Ended

Dec. 31, 2015

Retirement Plan [Member]

Defined contribution plan schedule

Amounts at the end of the year:
Accumulated/projected benefit obligation	$	16,552
Fair value of plan assets		12,567
Funded status, (underfunded)/overfunded	$	(3,985	)
Amounts recognized in the consolidated balance sheets:
Other liabilities	$	(3,985	)
Accumulated other comprehensive income, unrecognized net income	$	(885	)
Amounts recognized in the plan for the year:
Company contributions	$	–
Participant contributions	$	–
Benefits paid	$	(315	)
Net periodic benefit cost	$	49
Other changes recognized in other comprehensive income:
Net gain	$	885
Amortization of net gain/(loss)		–
Total recognized in other comprehensive income	$	885
Assumptions used in computation benefit obligations:
Discount rate		4.23%
Expected long-term return on plan assets		7.75%
Rate of compensation increase		–

Schedule of Expected Benefit Payments

December 31:
2016	$	648
2017		657
2018		672
2019		684
2020		699
2021-25		3,893
	$	7,253

Postretirement Plan [Member]

Defined contribution plan schedule

Amounts at the end of the year:
Accumulated/projected benefit obligation	$	3,619
Fair value of plan assets		–
Funded status, (underfunded)/overfunded	$	(3,619	)
Amounts recognized in the consolidated balance sheets:
Accrued liabilities	$	(214	)
Other liabilities	$	(3,405	)
Accumulated other comprehensive income, unrecognized net income	$	(155	)
Amounts recognized in the plan for the year:
Company contributions	$	20
Participant contributions	$	15
Benefits paid	$	(35	)
Net periodic benefit cost	$	97
Other changes recognized in OCI:
Net gain	$	155
Amortization of net gain/(loss)		–
Total recognized in other comprehensive income	$	155
Assumptions used in computation benefit obligations:
Discount rate		3.95%

Schedule of Expected Benefit Payments

December 31:
2016	$	214
2017		226
2018		174
2019		190
2020		177
2021-25		1,056
	$	2,037