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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
Information pertaining to the activity in the Plan is as follows:

Obligations and funded status at December 31:
 
2015
2014
 
(Dollars in thousands)
Change in projected benefit obligation
 
 
Projected benefit obligation at beginning of year
$
18,103

$
15,963

Interest cost
680

757

Actuarial (gain) loss
(809
)
2,460

Benefits paid
(797
)
(1,077
)
Projected benefit obligation at end of year
17,177

18,103

 
 
 
Change in fair value of plan assets
 
 
Fair value of plan assets at beginning of year
17,300

18,000

Actuarial (loss) gain on plan assets
(786
)
377

Benefits paid
(797
)
(1,077
)
Fair value of plan assets at end of year
15,717

17,300

Net liability for pension benefits
$
(1,460
)
$
(803
)
 
 
 
 
2015
2014
 
(Dollars in thousands)
Accumulated benefit obligation at December 31
$
17,177

$
18,103

Schedule of Net Benefit Costs [Table Text Block]
Net periodic pension benefit for 2015, 2014 and 2013 consisted of the following components:
 
2015
2014
2013
 
(Dollars in thousands)
Interest cost on projected benefit obligation
$
680

$
757

$
702

Expected return on plan assets
(1,144
)
(1,193
)
(1,010
)
Amortization of net actuarial loss
56


189

Net periodic pension benefit
$
(408
)
$
(436
)
$
(119
)
Plan Asset Allocations by Asset Category based on Fair Values [Table Text Block]
Union's Plan asset allocations at December 31, 2015 and 2014, by asset category based on their fair values were as follows:
Asset Category
2015
2014
Cash and cash equivalents
3.5
%
3.4
%
Interest bearing deposits in banks
0.8
%
1.3
%
Debt securities
31.2
%
28.7
%
Equity securities
64.3
%
66.4
%
Mutual and exchange traded funds
0.2
%
0.2
%
Total
100.0
%
100.0
%
Plan Asset Allocation, Mix of Investments [Table Text Block]
In order to achieve this goal the investment objective is to maintain a mix of growth and income investments allocated as follows, with no more than 20% of the equity portion of the portfolio invested in foreign equities:
Equity securities and international mutual funds
55-70%
Debt securities
30-45%
Cash and cash equivalents
0-5%
Schedule of Allocation of Plan Assets [Table Text Block]
The fair values of the Plan's investments at December 31, 2015 and 2014, segregated by fair value hierarchy level, are summarized below:
 
 
Fair Value Measurements
 
 
December 31, 2015
 
Fair Value
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 
(Dollars in thousands)
Interest bearing deposits in banks
$
131

$

$
131

$

U.S. Government
341

341



Corporate bonds
4,569

2,003

2,566


Marketable equity securities:
 
 
 
 
Information technology
1,544

1,544



Financial
1,368

1,368



Industrials
945

945



Healthcare
1,746

1,746



Consumer
3,346

3,346



Energy
1,154

1,154



Mutual and exchange traded funds
573

573



Total
$
15,717

$
13,020

$
2,697

$

 
 
Fair Value Measurements
 
 
December 31, 2014
 
Fair Value
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 
(Dollars in thousands)
Interest bearing deposits in banks
$
232

$

$
232

$

U.S. Government
347

347



Corporate bonds
4,628

2,476

2,152


Marketable equity securities:
 
 
 
 
Information technology
1,292

1,292



Financial
1,961

1,961



Industrials
952

952



Healthcare
2,519

2,519



Consumer
3,213

3,213



Energy
1,546

1,546



Mutual and exchange traded funds
610

610



Total
$
17,300

$
14,916

$
2,384

$

Schedule of Expected Benefit Payments [Table Text Block]
The following table summarizes the estimated future benefit payments expected to be paid under the Plan:
 
 
(Dollars in thousands)
 
 
2016
$
697

 
 
2017
728

 
 
2018
746

 
 
2019
760

 
 
2020
793

 
 
Years 2021 to 2025
4,348

 
Schedule of Costs of Retirement Plans [Table Text Block]
The following table summarizes employer contributions for the years ended December 31, 2015, 2014, and 2013:
 
2015
2014
2013
 
(Dollars in thousands)
Employer matching
$
200

$
195

$
203

Profit sharing
274

236

244

Safe harbor
264

262

272

Total
$
738

$
693

$
719