Annual report pursuant to Section 13 and 15(d)

10. PENSION PLANS (Tables)

v3.6.0.2
10. PENSION PLANS (Tables)
12 Months Ended
Dec. 31, 2016
Retirement Plan [Member]  
Defined contribution plan schedule
    2016     2015  
Changes in plan assets:                
Fair value of plan assets, beginning   $ 12,567     $ 13,180  
Actual gain (loss)     523       (298 )
Benefits paid     (667 )     (315 )
Company contributions            
Participant contributions            
Fair value of plan assets, ending   $ 12,423     $ 12,567  
Less: accumulated/projected benefit obligation   $ 18,455     $ 16,552  
Funded status, (underfunded)/overfunded   $ (6,032 )   $ (3,985 )
                 
Amounts recognized in the consolidated balance sheets:                
Other liabilities   $ (6,032 )   $ (3,985 )
Accumulated other comprehensive loss (income)   $ 1,047     $ (885 )
                 
Components of net periodic benefit costs are as follows:                
Service cost   $ 223     $ 211  
Interest cost     686       338  
Expected return on plan assets     (794 )     (500 )
Net periodic benefit cost   $ 115     $ 49  
Loss (gain) recognized in other comprehensive income (expense)   $ 1,932     $ (885 )
Assumptions used
Assumptions used in computation benefit obligations:            
Discount rate     4.15%       4.23%  
Expected long-term return on plan assets     6.75%       7.75%  
Rate of compensation increase            
Schedule of Expected Benefit Payments
December 31:      
       
2017   $ 750  
2018     780  
2019     790  
2020     820  
2021     830  
2022-26     4,860  
    $ 8,830  
Postretirement Plan [Member]  
Defined contribution plan schedule
    2016     2015  
Amounts at the end of the year:                
Accumulated/projected benefit obligation   $ 5,371     $ 3,619  
Fair value of plan assets            
Funded status, (underfunded)/overfunded   $ (5,371 )   $ (3,619 )
                 
Amounts recognized in the consolidated balance sheets:                
Accrued liabilities   $ (310 )   $ (214 )
Other liabilities   $ (5,061 )   $ (3,405 )
Accumulated other comprehensive loss (expense)   $ 1,573     $ (155 )
                 
Amounts recognized in the plan for the year:                
Company contributions   $ 163     $ 20  
Participant contributions   $ 22     $ 15  
Benefits paid   $ (184 )   $ (35 )
                 
Components of net periodic benefit costs are as follows:                
Service cost   $ 48     $ 32  
Interest cost     139       65  
Net periodic benefit cost   $ 187     $ 97  
                 
Loss (gain) recognized in other comprehensive income   $ 1,728     $ (155 )
                 
Assumptions used in computation benefit obligations:                
Discount rate     3.95%       3.67%  
Schedule of Expected Benefit Payments
December 31:      
       
2017   $ 310  
2018     290  
2019     320  
2020     300  
2021     320  
2022-26     1,890  
    $ 3,430