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RETIREMENT PLANS: (Tables)
12 Months Ended
Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
Net periodic benefit cost and other amounts recognized in other comprehensive income included the following components:
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
Service cost - benefits earned
 
$
2,153

 
$
2,040

 
$
2,238

Interest cost on projected benefit obligation
 
3,516

 
3,756

 
3,383

Loss due to settlement
 

 
2,676

 

Expected return on plan assets
 
(3,452
)
 
(3,794
)
 
(3,309
)
Net amortization and deferral
 
2,065

 
750

 
2,075

Net periodic pension cost
 
4,282

 
5,428

 
4,387

Net loss (gain) during the period
 
(1,894
)
 
23,111

 
(14,697
)
Adjustment to loss due to settlement
 

 
(2,676
)
 

Settlement
 

 
(7,148
)
 

Amortization of prior service cost
 
(1
)
 
9

 
16

Amortization of unrecognized gain (loss)
 
(2,064
)
 
(759
)
 
(2,091
)
Total recognized in other comprehensive (income) loss
 
(3,959
)
 
12,537

 
(16,772
)
Total recognized net periodic pension cost and other comprehensive income
 
$
323

 
$
17,965

 
$
(12,385
)
Schedule of Defined Benefit Plans Disclosures
The information below sets forth the change in projected benefit obligation, reconciliation of plan assets, and the funded status of the Corporation's retirement program. Actuarial present value of benefits is based on service to date and present pay levels.
(Dollar amounts in thousands)
 
2015
 
2014
Change in benefit obligation:
 
 

 
 

Benefit obligation at January 1
 
$
98,135

 
$
81,469

Service cost
 
2,153

 
2,040

Interest cost
 
3,516

 
3,756

Actuarial (gain) loss
 
(8,802
)
 
22,274

Settlement
 

 
(7,148
)
Benefits paid
 
(4,147
)
 
(4,256
)
Benefit obligation at December 31
 
90,855

 
98,135

Reconciliation of fair value of plan assets:
 
 

 
 

Fair value of plan assets at January 1
 
62,565

 
67,233

Actual return on plan assets
 
(205
)
 
2,957

Employer contributions
 
2,389

 
3,779

Settlement
 

 
(7,148
)
Benefits paid
 
(4,147
)
 
(4,256
)
Fair value of plan assets at December 31
 
60,602

 
62,565

Funded status at December 31 (plan assets less benefit obligation)
 
$
(30,253
)
 
$
(35,570
)
Schedule of Assumptions Used
The accumulated benefit obligation for the defined benefit pension plan was $85.1 million and $91.5 million at year-end
2015 and 2014.
Principal assumptions used to determine pension benefit obligation at year end:
 
2015
 
2014
Discount rate
 
4.34
%
 
3.95
%
Rate of increase in compensation levels
 
3.00

 
3.00


Principal assumptions used to determine net periodic pension cost:
 
2015
 
2014
Discount rate
 
3.95
%
 
4.95
%
Rate of increase in compensation levels
 
3.00

 
3.50

Expected long-term rate of return on plan assets
 
6.00

 
6.00

Schedule of Allocation of Plan Assets
The Corporation's pension plan weighted-average asset allocation for the years 2015 and 2014 by asset category are as follows:
 
 
Pension Plan
Target Allocation
 
ESOP
Target Allocation
 
Pension
Pecentage of Plan
Assets at December 31,
 
ESOP
Pecentage of Plan
Assets at December 31,
ASSET CATEGORY
 
2015
 
2015
 
2015
 
2014
 
2015
 
2014
Equity securities
 
40-65%
 
95-99%
 
63
%
 
59
%
 
100
%
 
99
%
Debt securities
 
35-60%
 
0-0%
 
35
%
 
38
%
 
%
 
%
Other
 
0-10%
 
0-5%
 
2
%
 
3
%
 
%
 
1
%
TOTAL
 
 
 
 
 
100
%
 
100
%
 
100
%
 
100
%
Schedule Of Fair Value Of Plan Assets
The fair value of the plan assets at December 31, 2015 and 2014, by asset category, is as follows:
 
 
 
 
Fair Value Measurments at
December 31, 2015 Using:
 
 
 
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Observable
Inputs
(Dollar amounts in thousands)
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Plan assets
 
 

 
 

 
 

 
 

Equity securities
 
$
44,052

 
$
44,052

 
$

 
$

Debt securities
 
14,264

 

 
14,264

 

Investment Funds
 
2,286

 
2,286

 

 

Total plan assets
 
$
60,602

 
$
46,338

 
$
14,264

 
$

 
 
 
 
Fair Value Measurments at
December 31, 2014 Using:
 
 
 
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Observable
Inputs
(Dollar amounts in thousands)
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Plan assets
 
 

 
 

 
 

 
 

Equity securities
 
$
44,732

 
$
44,732

 
$

 
$

Debt securities
 
15,245

 

 
15,245

 

Investment Funds
 
2,588

 
2,588

 

 

Total plan assets
 
$
62,565

 
$
47,320

 
$
15,245

 
$

Schedule of Expected Benefit Payments
Estimated Future Payments — The following benefit payments, which reflect expected future service, are expected:
PENSION BENEFITS
(Dollar amounts in thousands)
2016
$
4,752

2017
4,879

2018
5,000

2019
5,281

2020
5,428

2021-2025
30,078

Estimated Future Payments — The following benefit payments, which reflect expected future service, are expected:
(Dollar amounts in thousands)
2016
$
262

2017
268

2018
267

2019
269

2020
275

2021-2025
1,387

Schedule Of Weighted Average Assumptions
Weighted average assumptions at December 31:
 
 
December 31,
 
 
2015
 
2014
Discount rate
 
4.34
%
 
3.95
%
Initial weighted health care cost trend rate
 
5.00
%
 
7.50
%
Ultimate health care cost trend rate
 
5.00

 
5.00

Year that the rate is assumed to stabilize and remain unchanged
 
2015

 
2015

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one-percentage-point change in the assumed health care cost trend rates would have the following effects:
 
 
1% Point
 
1% Point
(Dollar amounts in thousands)
 
Increase
 
Decrease
Effect on total of service and interest cost components
 
$
2

 
$
1

Effect on post-retirement benefit obligation
 
37

 
34

Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in accumulated other comprehensive income at December 31, 2015 and 2014 consist of:
(Dollar amounts in thousands)
 
2015
 
2014
Net loss (gain)
 
$
33,502

 
$
29,544

Prior service cost (credit)
 
6

 
5

 
 
$
33,508

 
$
29,549

Postretirement Health Coverage [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures
Post-retirement health benefit expense included the following components:
 
 
Years Ended December 31,
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
Service cost
 
$
63

 
$
53

 
$
68

Interest cost
 
173

 
175

 
173

Amortization of transition obligation
 

 

 
60

Recognized actuarial loss
 

 

 

Net periodic benefit cost
 
236

 
228

 
301

Net loss (gain) during the period
 
(200
)
 
456

 
(338
)
Amortization of prior service cost
 

 

 
(59
)
Total recognized in other comprehensive income (loss)
 
(200
)
 
456

 
(397
)
Total recognized net periodic benefit cost and other comprehensive income
 
$
36

 
$
684

 
$
(96
)
The Corporation uses a measurement date of December 31. Accrued post-retirement benefits as of December 31, 2015 and 2014 are as follows:
 
 
December 31,
(Dollar amounts in thousands)
 
2015
 
2014
Change in benefit obligation:
 
 

 
 

Benefit obligation at January 1
 
$
4,559

 
$
4,088

Service cost
 
63

 
53

Interest cost
 
173

 
175

Plan participants' contributions
 
57

 
39

Actuarial (gain) loss
 
(200
)
 
456

Benefits paid
 
(269
)
 
(252
)
Benefit obligation at December 31
 
$
4,383

 
$
4,559

Funded status at December 31
 
$
4,383

 
$
4,559

Supplemental Employee Retirement Plans, Defined Benefit  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
The amounts recognized in other comprehensive income in the current year are as follows:
 
(Dollar amounts in thousands)
 
2015
 
2014
 
2013
Net loss (gain) during the period
 
$
(255
)
 
$
932

 
$
(333
)
Amortization of prior service cost
 

 

 

Amortization of unrecognized gain (loss)
 
(88
)
 
(7
)
 
(68
)
Total recognized in other comprehensive (income) loss
 
$
(343
)
 
$
925

 
$
(401
)
Schedule of Expected Benefit Payments
Estimated Future Payments — The following benefit payments, which reflect expected future service, are expected:
(Dollar amounts on thousands)
2016
$

2017
315

2018
320

2019
325

2020
331

2021-2025
1,762