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Retirement Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Pension plan
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of changes in benefit obligations and plan assets
The following accumulated benefit information is as of December 31:
($ in thousands)
 
2013
 
2012
Change in benefit obligation - Pension
 
 
 
 
Benefit obligation at beginning of year
 
$
10,215

 
$
8,701

Service cost
 
359

 
284

Interest cost
 
402

 
375

Actuarial gain/assumption changes
 
(1,379
)
 
1,344

Benefits paid
 
(271
)
 
(489
)
Benefit obligation at end of year
 
$
9,326

 
$
10,215

Accumulated benefit obligation at end of year
 
$
8,427

 
$
9,195

Change in Plan Assets
 
 
 
 
Fair value of plan assets at beginning of year
 
$
6,799

 
$
5,722

Actual return on plan assets
 
1,105

 
706

Employer contribution
 
1,000

 
860

Benefits/expenses paid
 
(271
)
 
(489
)
Fair value of plan assets at end of year
 
$
8,633

 
$
6,799

Funded status - liability
 
$
(693
)
 
$
(3,416
)
 
 
 
 
 
Amounts recorded in equity
 
 
 
 
Net actuarial (gain)
 
$
(1,961
)
 
$
(4,110
)
Prior service cost
 
148

 
176

Total amount recorded
 
$
(1,813
)
 
$
(3,934
)
Amount recorded, net taxes
 
$
(1,088
)
 
$
(2,360
)
Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive income
Other changes in plan assets and benefit obligations recognized in other comprehensive income for 2013 and 2012 include the following components:
 
($ in thousands)
 
2013
 
2012
Net (gain) loss
 
$
(1,867
)
 
$
(1,092
)
Recognition of net actuarial gain or (loss)
 
(282
)
 
218

Recognized prior service cost
 
28

 
(29
)
Total changes
 
$
(2,121
)
 
$
(903
)
Changes, net of taxes
 
$
(1,271
)
 
$
(542
)
Summary of amounts expected to be recognized as component of net periodic pension costs during the next fiscal year
The Company expects to recognize the following amounts as a component of net periodic pension costs during the next fiscal year ($ in thousands): 
($ in thousands)
 
Amortization net actuarial gain or (loss)
$
61

Amortization prior service cost
$
(29
)
Schedule of expected annual benefit payments
Based on actuarial estimates, it is expected that annual benefit payments from the pension trust will be as follows ($ in thousands):
2014
 
2015
 
2016
 
2017
 
2018
 
2019 - 2021
$
1,119

 
$
309

 
$
393

 
$
389

 
$
427

 
$
2,364
Schedule of fair value of plan assets by investment type
See the following table for fair value hierarchy by investment type at December 31:
($ in thousands)
 
Fair Value
Hierarchy
 
December 31, 2013
 
December 31, 2012
Pension Plan Assets:
 
 
 
 
 
 
Cash and Cash Equivalents
 
Level 1
 
$
1,336

 
$
231

Collective Funds
 
Level 2
 
3,851

 
3,449

Treasury/Corporate Notes
 
Level 2
 
1,357

 
1,129

Corporate Equities
 
Level 1
 
2,089

 
1,990

 
 
 
 
$
8,633

 
$
6,799
Components of net periodic pension cost
Total pension and retirement expense was as follows for each of the years ended December 31:
($ in thousands)
 
2013
 
2012
 
2011
Cost components:
 
 
 
 
 
 
Service cost
 
$
(359
)
 
$
(284
)
 
$
(251
)
Interest cost
 
(402
)
 
(375
)
 
(384
)
Expected return on plan assets
 
542

 
454

 
446

Net amortization and deferral
 
(253
)
 
(190
)
 
(220
)
Total net periodic pension cost
 
$
(472
)
 
$
(395
)
 
$
(409
)
SERP
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of changes in benefit obligations and plan assets
The following SERP benefit information is as of December 31:
($ in thousands)
 
2013
 
2012
Change in benefit obligation - SERP
 
 
 
 
Benefit obligation at beginning of year
 
$
6,507

 
$
5,474

Service cost
 
318

 
525

Interest cost
 
219

 
208

Actuarial gain/assumption changes
 
(913
)
 
300

Benefit obligation at end of year
 
$
6,131

 
$
6,507

Accumulated benefit obligation at end of year
 
$
6,099

 
$
6,339

Funded status - liability
 
$
(6,131
)
 
$
(6,507
)
 
($ in thousands)
 
2013
 
2012
Amounts recorded in stockholders’ equity
 
 
 
 
Net actuarial (gain)
 
$
696

 
$
1,671

Prior service cost
 
—

 
—

Total amount recorded
 
$
696

 
$
1,671

Amount recorded, net taxes
 
$
418

 
$
1,003
Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive income
Other changes in benefit obligations recognized in other comprehensive income for 2013 and 2012 include the following components: 
($ in thousands)
 
2013
 
2012
Net (gain) loss
 
$
(745
)
 
$
133

Recognition of net actuarial gain or (loss)
 
(229
)
 
(287
)
Recognized prior service cost
 
—

 
—

Total changes
 
$
(974
)
 
$
(154
)
Changes, net of taxes
 
$
(584
)
 
$
(92
)
Summary of amounts expected to be recognized as component of net periodic pension costs during the next fiscal year
The Company expects to recognize the following amounts as a component of net periodic pension costs during the next fiscal year ($ in thousands):
Amortization net actuarial gain or (loss)
$
23
Schedule of expected annual benefit payments
Based on actuarial estimates, it is expected that annual SERP benefit payments will be as follows ($ in thousands):
2014
 
2015
 
2016
 
2017
 
2018
 
2019 - 2021
$
550

 
$
621

 
$
697

 
$
688

 
$
715

 
$
3,680
Components of net periodic pension cost
Total pension and retirement expense was as follows for each of the years ended December 31:
 
($ in thousands)
 
2012
 
2011
 
2010
Cost components:
 
 
 
 
 
 
Service cost
 
$
318

 
$
525

 
$
(172
)
Interest cost
 
219

 
208

 
(215
)
Net amortization and deferral
 
229

 
287

 
(66
)
Total net periodic pension cost
 
$
766

 
$
1,020

 
$
(453
)