DEFINED BENEFIT PENSION PLAN (Tables)

3 Months Ended

Mar. 31, 2018

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, 2027 are detailed in the table below (dollars in thousands):

2018	$	133
2019		130
2020		126
2021		125
2022		131
2023-2027		796
Total	$	1,441

Schedule of assumptions in the actuarial valuation

	2018	2017
Weighted average discount rate	3.33%	3.78%
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%