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Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]
Included in accumulated other comprehensive income at December 31, 2014, 2013 and 2012 are the following amounts that have not yet been recognized in net periodic benefit cost:
 
 
 
December 31
 
 
 
2014
 
2013
 
2012
 
 
 
(In Thousands)
 
Unrecognized prior service cost
 
$
65
 
$
78
 
$
30
 
Unrecognized actuarial losses
 
 
832
 
 
477
 
 
858
 
Total recognized in Accumulated Other Comprehensive Income
 
 
897
 
 
555
 
 
888
 
Income tax effect
 
 
(314)
 
 
(194)
 
 
(311)
 
Net amount recognized in Accumulated Other Comprehensive Income
 
$
583
 
$
361
 
$
577
 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The following table summarizes benefit obligation and plan asset activity for the plan measured as of December 31 each year:
 
 
 
December 31
 
 
 
2014
 
2013
 
 
 
(In Thousands)
 
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
 
$
2,878
 
$
3,140
 
Service cost
 
 
63
 
 
82
 
Interest cost
 
 
136
 
 
118
 
Participant contribution
 
 
28
 
 
25
 
Actuarial  (gains) / losses
 
 
377
 
 
(347)
 
Benefits paid
 
 
(219)
 
 
(139)
 
Benefit obligation at end of year
 
 
3,263
 
 
2,878
 
Change in fair value of plan assets:
 
 
 
 
 
 
 
Balance at beginning of year
 
 
-
 
 
-
 
Employer contribution
 
 
191
 
 
114
 
Participant contribution
 
 
28
 
 
25
 
Benefits paid
 
 
(219)
 
 
(139)
 
Balance at end of year
 
 
-
 
 
-
 
Funded status at end of year
 
$
(3,263)
 
$
(2,878)
 
Schedule of Net Benefit Costs [Table Text Block]
Net periodic postretirement benefit cost includes the following components:
 
 
 
Years Ended December 31
 
 
 
2014
 
2013
 
2012
 
 
 
(In Thousands)
 
Service cost-benefits attributable to service during the period
 
$
63
 
$
82
 
$
88
 
Interest cost on accumulated postretirement benefit obligation
 
 
136
 
 
118
 
 
120
 
Net amortization and deferral
 
 
35
 
 
46
 
 
51
 
Net periodic postretirement benefit cost
 
 
234
 
 
246
 
 
259
 
Net (gain) / loss during the year
 
 
377
 
 
(347)
 
 
(148)
 
Impact of prior year acquisition
 
 
-
 
 
60
 
 
-
 
Amortization of prior service cost and actuarial losses
 
 
(35)
 
 
(46)
 
 
(51)
 
Total recognized in comprehensive income
 
 
342
 
 
(333)
 
 
(199)
 
Total recognized in net periodic postretirement benefit cost and other comprehensive income
 
$
576
 
$
(87)
 
$
60
 
Assumptions Are Used In Determining Components Of Postretirement Benefit Obligation [Table Text Block]
The following assumptions were used in determining the components of the postretirement benefit obligation:
 
 
 
 
2014
 
 
 
2013
 
 
 
2012
 
Weighted average discount rates:
 
 
 
 
 
 
 
 
 
 
 
 
Used to determine benefit obligations at December 31
 
 
4.25
%
 
 
4.75
%
 
 
4.00
%
Used to determine net periodic postretirement benefit cost for years ended December 31
 
 
4.75
%
 
 
4.00
%
 
 
4.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Assumed health care cost trend rates at December 31:
 
 
 
 
 
 
 
 
 
 
 
 
Health care cost trend rate assumed for next year
 
 
7.00
%
 
 
7.50
%
 
 
8.00
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
 
 
5.00
%
 
 
5.00
%
 
 
5.00
%
Year that rate reaches ultimate trend rate
 
 
2019
 
 
 
2019
 
 
 
2019
 
Schedule of Expected Benefit Payments [Table Text Block]
The following benefits are expected to be paid over the next five years and in aggregate for the next five years thereafter. Because the plan is unfunded, the expected net benefits to be paid and the estimated Company contributions are the same amount.
 
 
 
Expected to be Paid
 
 
 
(In Thousands)
 
2015
 
$
157
 
2016
 
 
155
 
2017
 
 
178
 
2018
 
 
178
 
2019
 
 
186
 
2020 through 2024
 
 
954
 
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A one-percentage-point change in assumed health care cost trend rates would have the following effect:
 
 
 
One-Percentage-Point
Increase
 
One-Percentage-Point
Decrease
 
 
 
Year Ended December 31
 
Year Ended December 31
 
 
 
2014
 
2013
 
2014
 
2013
 
 
 
(In Thousands)
 
Effect on total of service and interest cost
 
$
26
 
$
28
 
$
(22)
 
$
(24)
 
Effect on postretirement benefit obligation
 
 
417
 
 
351
 
 
(352)
 
 
(299)