Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Benefit Plans [Abstract]

Information About the Plan's Funded Status and Pension Cost

Information about the plan’s funded status and pension cost follows:

	Pension Benefits
	2013		2012
	(In thousands)
Change in benefit obligation
Beginning of year	$	(4,831)	$	(4,163)
Service cost		(356)		(357)
Interest cost		(172)		(179)
Plan Amendment		1,113		––
Actuarial gain (loss)		807		(364)
Benefits paid		193		232
End of year		(3,246)		(4,831)
Change in fair value of plan assets
Beginning of year		3,206		2,813
Actual return on plan assets		684		390
Employer contribution		250		235
Benefits paid		(193)		(232)
End of year		3,947		3,206
Funded status at end of year	$	701	$	(1,626)

Components of Net Periodic Benefit Cost

Amounts recognized in accumulated other comprehensive loss not yet recognized as components of net periodic benefit cost consist of:

	Pension Benefits
	2013		2012
	(In thousands)
Unamortized net loss	$	766	$	2,154
Unamortized prior service (credit) cost		(1,112)		15
	$	(346)	$	2,169

Information For the Pension Plan With Respect To Accumulated Benefit Obligation And Plan Assets

Information for the pension plan with respect to accumulated benefit obligation and plan assets is as follows:

	December 31,
	2013		2012
	(In thousands)
Projected benefit obligation	$	3,246	$	4,831
Accumulated benefit obligation	$	3,246	$	3,298
Fair value of plan assets	$	3,947	$	3,205

Pension Expense

	December 31,
	2013		2012
	(In thousands)
Components of net periodic benefit cost
Service cost	$	351	$	357
Interest cost		172		179
Expected return on plan assets		(258)		(227)
Amortization of prior service cost		15		15
Amortization of net loss		158		154
Net periodic benefit cost	$	438	$	478

Summary of Significant Assumptions

Significant assumptions include:

	Pension Benefits
	2013		2012
Weighted-average assumptions used to determine    benefit obligation:
Discount rate	4.34	%	3.61	%
Rate of compensation increase	3.00	%	3.00	%
Weighted-average assumptions used to determine    benefit cost:
Discount rate	3.61	%	4.40	%
Expected return on plan assets	8.00	%	8.00	%
Rate of compensation increase	3.00	%	3.00	%

Summary of Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as of December 31, 2013:

	Pension
	Benefits
	(In thousands)
2014	$	91
2015		97
2016		318
2017		377
2018		304
201-2023		1,816
Total	$	3,003

Target Asset Allocation Percentages

The target asset allocation percentages for both 2013 and 2012 are as follows:

Large-Cap stocks	Not to exceed 60	%
SMID-Cap stocks	Not to exceed 20	%
International equity securities	Not to exceed 15	%
Fixed income investments	Not to exceed 40	%
Alternative investments	Not to exceed 20	%

Investment of Fair Value of Plan Assets as a Percentage of the Total

At December 31, 2013 and 2012, the fair value of plan assets as a percentage of the total was invested in the following:

	December 31,
	2013		2012
Equity securities	78.0	%	76.4	%
Debt securities	21.9		23.0
Cash and cash equivalents	0.1		0.6
	100.00	%	100.0	%

Fair Values of Company's Pension Plan By Asset Category

The fair values of Company’s pension plan assets at December 31, by asset category are as follows:

December 31, 2013
			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
Asset Category	Total Fair Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Mutual money market	$	32	$	32	$	––	$	––
Mutual funds – equities
International		312		312		––		––
Large Cap		1,589		1,589		––		––
Small and Mid Cap		1,148		1,148		––		––
Mutual funds – fixed income
Core bond		751		751		––		––
High yield corporate		115		115		––		––
Total	$	3,947	$	3,947	$	––	$	––

December 31, 2012
			Fair Value Measurements Using
			Quoted Prices		Significant
			In Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
Asset Category	Total Fair Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Mutual money market	$	16	$	16	$	––	$	––
Mutual funds – equities
International		240		240		––		––
Real estate		33		33		––		––
Large Cap		1,279		1,279		––		––
Small and Mid Cap		873		873		––		––
Commodities		29		29
Mutual funds – fixed income
Core bond		639		639		––		––
High yield corporate		96		96		––		––
Total	$	3,205	$	3,205	$	––	$	––

Share Information for the ESOP

Share information for the ESOP is as follows at December 31, 2013 and 2012:

	2013		2012
Allocated shares at beginning of the year	$	148,295	$	124,660
Shares released for allocation during the year		23,635		23,635
Shares distributed due to retirement/diversification		(3,207)		(14,748)
Unearned shares		165,446		189,082
Total ESOP shares		334,169		322,629
Fair value of unearned shares at December 31	$	1,329,000	$	1,184,000