Change in benefit obligation, plan assets funded status and net periodic pension cost (benefit) [Table Text Block] |
The following table presents information regarding this plan (in thousands): | | | | | | | | | | | | December 31, | | | 2014 | | 2013 | Change in projected benefit obligation: | | | | | Projected benefit obligation at beginning of year | | $ | 44,765 |
| | $ | 48,028 |
| Interest cost | | 1,685 |
| | 1,532 |
| Actuarial loss (gain) | | 2,878 |
| | (1,543 | ) | Benefits paid | | (4,104 | ) | | (3,252 | ) | Projected benefit obligation at end of year1,2 | | $ | 45,224 |
| | $ | 44,765 |
| Change in plan assets: | | | | |
| Plan assets at fair value at beginning of year | | $ | 48,812 |
| | $ | 45,920 |
| Actual return on plan assets | | 4,735 |
| | 6,144 |
| Benefits paid | | (4,104 | ) | | (3,252 | ) | Plan assets at fair value at end of year | | $ | 49,443 |
| | $ | 48,812 |
| | | | | | Funded status of the plan | | $ | 4,219 |
| | $ | 4,047 |
| Components of net periodic benefit costs: | | | | |
| Interest cost | | $ | 1,685 |
| | $ | 1,532 |
| Expected return on plan assets | | (2,539 | ) | | (2,185 | ) | Recognized prior service cost | | (1,175 | ) | | (1,175 | ) | Amortization of unrecognized net loss | | 2,584 |
| | 3,830 |
| Net periodic pension cost | | $ | 555 |
| | $ | 2,002 |
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| | 1 | Projected benefit obligation equals accumulated benefit obligation. |
| | 2 | Projected benefit obligation is based on January 1 measurement date. |
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Expected future benefit payments [Table Text Block] |
As of December 31, 2014, expected future benefit payments related to the Pension Plan were as follows (in thousands): | | | | | 2015 | $ | 3,535 |
| 2016 | 3,673 |
| 2017 | 3,270 |
| 2018 | 3,396 |
| 2019 | 3,628 |
| Thereafter | 44,057 |
| | $ | 61,559 |
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