EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2014

Pension Plans

Employee benefit plans

Schedule of changes in the projected benefit obligation and plan assets

(In thousands)	2014			2013
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	5,666		$	6,363
Interest cost	271			250
Actuarial loss/gain	1,607			(504		)
Benefits paid	(334		)	(356		)
Settlements	(17		)	(87		)
Projected benefit obligation at end of year	7,193			5,666
Accumulated beenfit obligation	7,193			5,666
Change in fair value of plan assets:
Fair value of plan assets at plan beginning of year	5,520			4,595
Actual return on plan assets	331			883
Contributions by employer	256			485
Benefits paid	(334		)	(356		)
Settlements	(17		)	(87		)
Fair value of plan assets at end of year	5,756			5,520
Underfunded status	$	1,437		$	146

Schedule of amounts recognized in statement of financial Position

Amounts Recognized in Consolidated Balance Sheet
Other Liabilities	$	(1,437	)	$	(146	)

Schedule of net periodic cost

(In thousands)	2014			2013
Interest Cost	$	271		$	250
Expected return on plan assets	(437		)	(367		)
Amortization of unrecognized actuarial loss	—			101
Net periodic pension costs	$	(166	)	$	(16	)

Schedule of changes in plan assets and benefit obligations recognized in accumulated other comprehensive income

(In thousands)	2014		2013
Amortization of actuarial loss	$	—	$	(101	)
Actuarial loss (gain)	1,713		(1,019		)
Total loss (gain) recognized in accumulated other comprehensive income	1,713		(1,120		)
Total loss (gain) recognized in net periodic pension cost recognized and other comprehensive income	$	1,547	$	(1,136	)

Schedule of principal actuarial assumptions

	2014		2013
Projected benefit obligation
Discount rate	3.820	%	4.950	%
Net periodic pension cost
Discount rate	4.950	%	4.050	%
Long term rate of return on plan assets	8.000	%	8.000	%

Schedule of fair values of the plan's assets by asset category and level within the fair value hierarchy

The fair values of the Plan’s assets by asset category and level within the fair value hierarchy are as follows at December 31, 2014:

Asset Category (In thousands)	Total		Level 1		Level 2
Equity Mutual Funds:
Large-Cap	$	1,847	$	—	$	1,847
Small-Cap	488		—		488
International	461		—		461
Equity Trusts	926		—		926
Large-Cap
Fixed Income Trusts	1,822		—		1,822
Fixed Income Mutual Funds	212		99		113
Total	$	5,756	$	99	$	5,657

The fair values of the Plan’s assets by asset category and level within the fair value hierarchy are as follows at December 31, 2013:

Asset Category (In thousands)	Total		Level 1		Level 2
Equity Mutual Funds:
Large-Cap	$	1,515	$	1,515	$	—
Small-Cap	792		792		—
International	637		637		—
Equity Trusts
Large-Cap	1,015		—		1,015
Fixed Income Trusts	1,030		—		1,030
Fixed Income Mutual Funds	531		531		—
Total	$	5,520	$	3,475	$	2,045

Schedule of estimated benefit payments

Year	Payments (In thousands)
2015	377
2016	376
2017	378
2018	374
2019	419
2020 - 2024	2,051

Postretirement Benefits

Employee benefit plans

Schedule of changes in the projected benefit obligation and plan assets

(In thousands)	2014			2013
Change in accumulated post retirement benefit obligation:
Accumulated postretirement benefit obligation at beginning of year	$	996		$	1,184
Prior service cost of long-term care plan particpants	558			—
Service Cost	12			—
Interest cost	48			37
Participant contributions	44			40
Actuarial loss/ (gain)	26			(187		)
Benefits paid	(80		)	(78		)
Amendments	—			—
Accumulated postretirement benefit obligation at end of year	$	1,604		$	996
Change in plan assets:
Fair value of plan assets at beginning of year	$	—		$	—
Contributions by employer	36			38
Contributions by participant	44			40
Benefits paid	(80		)	(78		)
Fair value of plan assets at end of year	$	—		$	—

Schedule of amounts recognized in statement of financial Position

Amounts Recognized in Consolidated Balance Sheet
Other Liabilities	$	(1,604	)	$	(996	)

Schedule of net periodic cost

(In thousands)	2014			2013
Service cost	$	12		$	—
Interest costs	48			37
Amortization of net prior service credit	(11		)	(34		)
Amortization of net actuarial loss	—			7
Net periodic postretirement costs	$	49		$	10

Schedule of changes in plan assets and benefit obligations recognized in accumulated other comprehensive income

(In thousands)	2014		2013
Amortization of actuarial loss	$	—	$	(9	)
Amortization of prior service credit	11		34
Net actuarial (gain) loss	27		(187		)
Total recognized in accumulated other comprehensive income	38		(162		)
Accrued postretirement liability recognized	$	1,347	$	1,333

Schedule of amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost

(In thousands)	2014		2013
Net prior service cost (credit)	$	231	$	(338	)
Net actuarial (gain) loss	27		1
Total recognized in accumulated other comprehensive income	258		(337		)

Schedule of estimated benefit payments

Year	Payments (In thousands)
2015	88
2016	88
2017	88
2018	98
2019	97
2020 - 2024	503