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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
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:
 
2016
2015
 
(Dollars in thousands)
Change in projected benefit obligation
 
 
Projected benefit obligation at beginning of year
$
17,177

$
18,103

Interest cost
701

680

Actuarial loss (gain)
544

(809
)
Benefits paid
(735
)
(797
)
Projected benefit obligation at end of year
17,687

17,177

 
 
 
Change in fair value of plan assets
 
 
Fair value of plan assets at beginning of year
15,717

17,300

Actuarial gain (loss) on plan assets
899

(786
)
Employer contributions
750


Benefits paid
(735
)
(797
)
Fair value of plan assets at end of year
16,631

15,717

Net liability for pension benefits
$
(1,056
)
$
(1,460
)
 
 
 
 
2016
2015
 
(Dollars in thousands)
Accumulated benefit obligation at December 31
$
17,687

$
17,177

Schedule of Net Benefit Costs [Table Text Block]
Net periodic pension benefit for 2016, 2015 and 2014 consisted of the following components:
 
2016
2015
2014
 
(Dollars in thousands)
Interest cost on projected benefit obligation
$
701

$
680

$
757

Expected return on plan assets
(1,036
)
(1,144
)
(1,193
)
Amortization of net actuarial loss
165

56


Net periodic pension benefit
$
(170
)
$
(408
)
$
(436
)
Plan Asset Allocations by Asset Category based on Fair Values [Table Text Block]
Union's Plan asset allocations at December 31, 2016 and 2015, by asset category based on their fair values, were as follows:
Asset Category
2016
2015
Cash and cash equivalents
3.4
%
3.5
%
Interest bearing deposits in banks
%
0.8
%
Debt securities
49.7
%
31.2
%
Equity securities
46.9
%
64.3
%
Mutual and exchange traded funds
%
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 5% of the equity portion of the portfolio invested in one company and no fewer than 30 securities diversified by industry and sector:
Equity securities and international mutual funds
38-58%
Debt securities
40-60%
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, 2016 and 2015 , segregated by fair value hierarchy level, are summarized below:
 
 
Fair Value Measurement
 
 
December 31, 2016
 
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)
U.S. Government
$
1,826

$

$
1,826

$

Common trust funds
5,207

5,207



Marketable equity securities:
 
 
 
 
Information technology
976

976



Financial
813

813



Industrials
1,212

1,212



Healthcare
1,393

1,393



Consumer
2,131

2,131



Energy
1,275

1,275



Mutual and exchange traded funds
1,798

1,798



Total
$
16,631

$
14,805

$
1,826

$

 
 
Fair Value Measurement
 
 
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

$

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)
 
 
2017
$
738

 
 
2018
762

 
 
2019
769

 
 
2020
797

 
 
2021
863

 
 
Years 2022 to 2026
4,485

 
Schedule of Costs of Retirement Plans [Table Text Block]
The following table summarizes employer contributions for the years ended December 31, 2016, 2015 and 2014:
 
2016
2015
2014
 
(Dollars in thousands)
Employer matching
$
221

$
200

$
195

Profit sharing
301

274

236

Safe harbor
294

264

262

Total
$
816

$
738

$
693