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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Employee Benefit Plans [Abstract]  
Schedule of Changes in Projected Benefit Obligations
 

2014

  

2013
 

(In thousands)

Change in benefit obligation

     

Beginning of year

  $ 1,588   $ 1,912

Interest cost

    78     77

Actuarial (gain) loss

    614     (258)

Benefits paid

    (38)     (34)

Settlements

    (21)     (109)

End of year

    2,221     1,588
       

Change in fair value of plan assets                              

     

Beginning of year

    1,431     1,192

Actuarial return on plan assets

    80     192

Employer contribution

    138     190

Benefits paid

    (38)     (34)

Settlements

    (21)     (109)

End of year

    1,590     1,431

Funded status at end of year

    $ (631)     $ (157)
 

2014

  

2013
 

(In thousands)

Change in benefit obligation

     

Beginning of year

  $ 681   $ 693

Service cost

    41     24

Interest cost

    33     32

Loss/(Gain)

    163     (53)

Benefits Paid

    (17)     (15)

End of year

    $ 901     $ 681
       
Schedule of Pre-tax Amounts Recognized as a Component of Accumulated Other Comprehensive Income
 

2014

  

2013
 

(In thousands)

Net loss

  $ (1,191)   $ (609)


 

2014

    

2013
 

(In thousands)

Prior service cost

  $ -     $ (14 )

Net loss(gain)

  244     (44 )


Schedule of Net Periodic Benefit Cost
 

2014

  

2013
 

(In thousands)

Components of net periodic benefit cost

     

Internal cost

  $ 77   $ 77

Expected return on plan assets

    (90)     (73)

Settlement charge

    —     31

Amortization of net loss

    44     78

Net periodic benefit cost

    $ 31     $ 113


 

2014

  

2013
 

(In thousands)

Components of net periodic benefit cost

     

Service cost

  $ 41   $ 24

Interest cost

    33     32

(Gain)/Loss recognized

    (37)     121

Prior service cost

    14     14

Net periodic benefit cost

    $ 51     $ 191


Schedule of Target Allocation of Plan Assets

SMID-Cap stocks

  30-70%

Fixed income investments

  30-70%

Cash

  0-15%
Schedule of Weighted Average Asset Allocation
 

2014

    

2013

Equity Securities

  67 %     64 %

Debt securities

  32 %     31 %

Cash and cash equivalents

  1 %     5 %
    100 %     100 %


Schedule of Expected Benefits to be Paid
 

(In thousands)

2015

  $ 66

2016

  74

2017

  82

2018

    93

2019

    109

Thereafter

    612
    $ 1,036


 

(In thousands)

2015

  $ 23

2016

  25

2017

  28

2018

    30

2019

    33

Thereafter

    241
    $ 380


Schedule of Weighted Average Assumptions
 

Pension Benefits
 

2014

  

2013

Weighted-average assumptions used to determine benefit obligation:

      

Discount rate

  3.95 %   4.95 %

Rate of compensation increase (frozen)

    N/A     N/A

Weighted-average assumptions used to determine benefit cost:

       

Discount rate

    4.95 %     4.05 %

Expected return on plan assets

    6.00 %     6.00 %

Rate of compensation increase (frozen)

    N/A     N/A


 

2014

    

2013

Weighted-average assumptions used to determine benefit cost obligation:

        

Discount rate

  3.95 %     4.95 %

Rate of compensation increase

  1.50 %     1.50 %

Weighted-average assumptions used to determine benefit cost:

       

Discount rate

    3.95 %     6.00 %

Rate of compensation increase

    1.50 %     1.50 %
Schedule of Fair Value Measurement of Pension Plan

The fair value of the Company's pension plan assets, and the related investment references, at December 31, 2014, and 2013 by asset category are as follows:

December 31, 2014


Fair Value Measurements Using

Asset Category

  

Total Fair
Value

  

Quoted Prices
in Active
Markets for Identical Assets

(Level 1)

    

Significant
Other
Observable
Inputs

(Level 2)

    

Significant Unobservable
Inputs

(Level 3)

Mutual funds-Equity

 

(In thousands)

Large Cap Value (a)

  $ 103   $ 103     $ -     $ -

Large Cap Core (b)

    139     139     -     -

Mid Cap Core (c)

    131     131     -     -

Small-Cap Core (d)

    63     63     -     -

Int'l Core (e)

    264     264     -     -

Large Cap Growth (f)

    202     202     -     -

Small/Midcap Growth (g)

    57     57     -     -

Mutual funds-Fixed Income

               

Fixed Income-US Core (h)

    172     172     -     -

Intermediate Duration (i)

    341     341     -     -

Common/Collective Trusts- Equity

               

Large Cap Value (j)

    96     -     96     -

Cash

               

Money Market

    22     22     -     -

Total

    $ 1,590     $ 1,494     $ 96     $ -
(a)
This category consists of a mutual fund holding 100-160 stocks, designed to track and outperform the Russell 1000 Value Index.
(b)
This category contains stocks of the S&P 500 Index. The stocks are maintained in approximately the same weightings as the index.
(c)
This category contains stocks of the MSCI U.S. Mid Cap 450 Index. The stocks are maintained in approximately the same weightings as the index.
(d) 
This category consists of 400 or more small and micro-cap companies, with as much as 25% invested in non-U.S. equities.
(e)
This category consists of investments with long-term growth potential located primarily in Europe, the Pacific Basin, and other developed emerging countries.
(f) 
This category consists of two mutual funds, one which invests primarily of large U.S. – based growth companies, the other in fast-growing large cap growth companies with sustainable franchises and positive price momentum.
(g) 
This category seeks capital appreciation through investments in common stock of small-capitalization companies, defined as those with a total market value of no more than $2 billion at the time the fund first invests in them.
(h)
This category consists of a passively managed portfolio modeled after the Barclays Capital US Aggregate Float Adjusted Index. The fund invests in Treasury, Agency, corporate, mortgage-backed and asset-backed securities, maintaining a dollar-weighted maturity ranging between 5 and 10 years.
(i) 
This category consists of a pair of mutual funds which invest in diversified portfolios of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset-backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.
(j)
This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks.


December 31, 2013


Fair Value Measurements Using

Asset Category

  

Total Fair

Value

  

Quoted Prices
in Active
Markets for Identical Assets
(Level 1)

    

Significant

Other

Observable
Inputs

(Level 2)

    

Significant Unobservable

Inputs

(Level 3)
 

(In thousands)

Mutual funds-Equity

               

Large Cap Value (a)

    $ 84     $ 84     $ -     $ -

Large Cap Core (b)

    112     112     -     -

Mid Cap Core (c)

    105     105     -     -

Small-Cap Core (d)

    53     53     -     -

Int'l Core (e)

    253     253     -     -

Large Cap Growth (f)

    169     169     -     -

Small/Midcap Growth (g)

    52     52     -     -

Mutual funds-Fixed Income

               

Fixed Income-US Core (h)

    149     149     -     -

Intermediate Duration (i)

    297     297     -     -

Common/Collective Trusts- Equity

               

Large Cap Value (j)

    84     -     84     -

Cash

               

Money Market

    73     73     -     -

Total

    $ 1,431     $ 1,347     $ 84     $ -

(a)  This category consists of a mutual fund holding 100-160 stocks, designed to track and outperform the Russell 1000 Value Index.

(b)  This category contains stocks of the S&P 500 Index. The stocks are maintained in approximately the same weightings as the index.

(c)  This category contains stocks of the MSCI U.S. Mid Cap 450 Index. The stocks are maintained in approximately the same weightings as the index.

(d)  This category consists of 400 or more small and micro-cap companies, with as much as 25% invested in non-U.S. equities.

(e)  This category consists of investments with long-term growth potential located primarily in Europe, the Pacific Basin, and other developed emerging countries.

(f)  This category consists of two mutual funds, one which invests primarily of large U.S. – based growth companies, the other in fast-growing large cap growth companies with sustainable franchises and positive price  momentum.

(g)  This category seeks capital appreciation through investments in common stock of small-capitalization companies, defined as those with a total market value of no more than $2 billion at the time the fund first invests in  them.

(h)  This category consists of a passively managed portfolio modeled after the Barclays Capital US Aggregate Float Adjusted Index. The fund invests in Treasury, Agency, corporate, mortgage-backed and asset-backed securities, maintaining a dollar-weighted maturity ranging between 5 and 10 years.

(i)  This category consists of a pair of mutual funds which invest in diversified portfolios of high-quality bonds and other fixed income securities, including U.S. Government obligations, mortgage-related and asset-backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.

(j)   This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60 and 70 stocks.
Schedule of ESOP Allocation
 

2014

    

2013

Allocated shares

  121,675     114,040

Unearned shares

  41,590     49,225

Total ESOP shares

  163,265     163,265
       

Fair value of unearned shares at end of period

    $ 557,306     $ 536,060