DEFINED BENEFIT PENSION PLAN (Tables)

3 Months Ended

Mar. 31, 2017

DEFINED BENEFIT PENSION PLAN

Schedule of anticipated distributions over the next five years

The anticipated distributions over the next five years and through December 31, 2026 are detailed in the table below (dollars in thousands):

2017	$	128
2018		125
2019		122
2020		121
2021		120
2022-2026		723
Total	$	1,339

Schedule of assumptions in the actuarial valuation

	2017	2016
Weighted average discount rate	3.78%	3.99%
Rate of increase in future compensation levels	N/A	N/A
Expected long-term rate of return on plan assets	8.00%	8.00%

Schedule of asset allocation

	Target	Actual
	Allocation	Allocation
Equity securities	50% to 70%	60%
Fixed income securities	30% to 50%	40%