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Retirement Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Net periodic pension cost
Net periodic pension cost for the years ended December 31, 2014, 2013 and 2012 was as follows:
 
2014
 
2013
 
2012
 
Underfunded
 
Underfunded
 
Underfunded
Interest cost
$
280

 
$
259

 
$
287

Expected return on assets
(371
)
 
(333
)
 
(236
)
Amortization of net loss
45

 
111

 
101

Net periodic pension cost
$
(46
)
 
$
37

 
$
152
Reconciliation of changes in projected benefit obligations
The reconciliation of changes in projected benefit obligations are as follows:
 
2014
 
2013
Accumulated benefit obligation at beginning of year
$
6,150

 
$
7,109

Interest cost
280

 
259

Actuarial (gain) loss
1,235

 
(738
)
Expenses paid
(95
)
 
(74
)
Benefits paid
(403
)
 
(406
)
Accumulated benefit obligation at end of year
$
7,167

 
$
6,150
Assumptions used to determine the net periodic benefit cost and benefit obligations
e assumptions used to determine the net periodic benefit cost and benefit obligations are as follows:
 
2014
 
2013
 
2012
Discount rate for net periodic pension cost
4.70
%
 
3.75
%
 
4.50
%
Discount rate for benefit obligations
3.90
%
 
4.70
%
 
3.75
%
Expected long-term return of plan assets
8.00
%
 
8.00
%
 
8.00
%
Change in the fair value of the plan’s assets
The following table reflects the change in the fair value of the plan’s assets:
 
2014
 
2013
Fair value of plan assets at beginning of year
$
5,577

 
$
4,528

Actual return on plan assets
316

 
1,165

Company contributions
318

 
364

Expenses paid
(95
)
 
(74
)
Benefits paid
(403
)
 
(406
)
Fair value of plan assets at end of year
$
5,713

 
$
5,577
The weighted average asset allocations
The weighted average asset allocations at December 31, 2014 and 2013 are as follows:
 
2014
 
2013
U.S. Equities securities
82
%
 
82
%
U.S. Debt securities
17
%
 
17
%
Cash
1
%
 
1
%
Total
100
%
 
100
%
Reconciliation of the funded status of the plan
The following table provides a reconciliation of the funded status of the plan at December 31, 2014 and 2013:
 
2014
 
2013
Projected benefit obligation
$
7,167

 
$
6,150

Plan assets at fair value
5,713

 
5,577

Funded status
$
(1,454
)
 
$
(573
)
Benefit payments projected for the plan
Benefit payments projected for the plan are as follows: 
2015
$
387

2016
385

2017
381

2018
373

2019
379

2020-2024
1,936