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Employee Benefits (Tables)
9 Months Ended
Sep. 30, 2017
Retirement Benefits [Abstract]  
Components of Net Periodic Pension Cost and Other Changes in Plan Assets and Benefit
The following table summarizes the components of net periodic pension cost for the periods presented:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(dollars in thousands)
2017
 
2016
 
2017
 
2016
Components of Net Periodic Pension Cost

 

 

 

Service cost—benefits earned during the period
$

 
$
(6
)
 
$

 
$
469

Interest cost on projected benefit obligation
1,025

 
1,099

 
3,075

 
3,200

Expected return on plan assets
(1,582
)
 
(1,444
)
 
(4,746
)
 
(4,337
)
Amortization of prior service credit
475

 
29

 
1,424

 
(41
)
Recognized net actuarial loss

 
638

 

 
1,708

Net Periodic Pension Expense
$
(82
)
 
$
316

 
$
(247
)
 
$
999