EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2016

EMPLOYEE BENEFIT PLANS

Schedule of fair value of plan assets by asset category

The fair value of Pension Plan assets at December 31, 2016 by asset category are as follows:

			Fair Value Measurements at Reporting Date Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Cash	$	19	$	19	$	—	$	—
Money Market Funds		888		888		—		—
Fixed Income:
Taxable Bond Mutual Funds		13,082		13,082		—		—
Total	$	13,989	$	13,989	$	—	$	—

The fair value of Pension Plan assets at December 31, 2015 by asset category are as follows:

			Fair Value Measurements at Reporting Date Using:
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
(In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Cash	$	4	$	4	$	—	$	—
Money Market Funds		403		403		—		—
Equity Securities:
Large Cap Equity Mutual Funds		2,831		2,831		—		—
Small Cap Equity Mutual Funds		94		94		—		—
Global Equity Mutual Funds		882		882		—		—
International Equity Mutual Funds		3,019		3,019		—		—
Absolute Return Funds		1,305		1,305		—		—
EFT - International Equity		729		729		—		—
Fixed Income:
Taxable Bond Mutual Funds		4,890		4,890		—		—
Total	$	14,157	$	14,157	$	—	$	—

Schedule of reconciliation of changes in benefit obligations and fair value of assets

(In thousands)	2016		2015
Reconciliation of benefit obligation
Benefit obligation at beginning of year	$	10,708	$	11,556
Service cost including expenses		59		53
Interest cost		469		442
Actuarial loss (gain)		94		(735)
Benefits paid and expected expenses		(657)		(608)
Benefit obligation at year-end	$	10,673	$	10,708
Reconciliation of fair value of plan assets
Fair value of plan assets at beginning of year	$	14,157	$	15,350
Actual return (loss) on plan assets		487		(579)
Employer contributions		—		—
Benefits paid and actual expenses		(655)		(614)
Fair value of plan assets at year-end	$	13,989	$	14,157
Funded status at year end	$	3,316	$	3,449

Net periodic pension cost (benefit)

(In thousands)	2016		2015		2014
Interest cost	$	469	$	442	$	464
Expected return on plan assets		(967)		(1,052)		(1,059)
Service costs		59		53		44
Net loss amortization		437		377		137
Net periodic pension benefit	$	(2)	$	(180)	$	(414)

Schedule of total recognized in net periodic pension cost and other comprehensive income

(In thousands)	2016		2015		2014
Net loss	$	571	$	902	$	2,606
Net loss amortization		(437)		(377)		(137)
Total recognized in other comprehensive income	$	134	$	525	$	2,469
Total recognized in net periodic pension cost and other comprehensive income	$	132	$	345	$	2,055

Schedule of assumptions used to determine benefit obligations and net periodic benefit costs

	2016		2015		2014
Benefit obligations
Discount rate	4.34	%	4.48	%	3.97	%
Net periodic benefit cost
Discount rate	4.48	%	3.97	%	4.98	%
Expected long-term return on plan assets	7.00	%	7.00	%	7.00	%

Schedule of estimated future benefit payments expected to be paid

	Pension
(In thousands)	Benefits
2017	$	632
2018		676
2019		682
2020		704
2021		709
Following five years		3,580

Schedule of expense related to various employee benefit plans

(In thousands)	2016		2015		2014
Pension plan	$	(2)	$	(180)	$	(414)
401(k)		662		573		585
Total	$	660	$	393	$	171