Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

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
	2015		2014
	(In thousands)
Change in benefit obligation
Beginning of year	$	(3,897)	$	(3,246)
Service cost		(341)		(294)
Interest cost		(191)		(139)
Actuarial gain (loss)		187		(280)
Benefits paid		274		63
End of year		(3,968)		(3,896)
Change in fair value of plan assets
Beginning of year		4,485		3,947
Actual return on plan assets		(51)		351
Employer contribution		298		250
Benefits paid		(274)		(63)
End of year		4,458		4,485
Funded status at end of year	$	490	$	589

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
	2015		2014
	(In thousands)
Unamortized net loss	$	1,196	$	998
Unamortized prior service		(935)		(1,023)
	$	261	$	(25)

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,
	2015		2014
	(In thousands)
Projected benefit obligation	$	3,968	$	3,896
Accumulated benefit obligation	$	3,804	$	3,847
Fair value of plan assets	$	4,458	$	4,485

Pension Expense

	December 31,
	2015		2014
	(In thousands)
Components of net periodic benefit cost
Service cost	$	341	$	294
Interest cost		191		139
Expected return on plan assets		(377)		(331)
Amortization of prior service (credit) cost		(89)		(89)
Amortization of net loss		43		30
Net periodic benefit cost	$	109	$	43

Summary of Significant Assumptions

Significant assumptions include:

	Pension Benefits
		2015			2014
Weighted-average assumptions used to determine benefit obligation:
Discount rate			5.26	%		4.98	%
Rate of compensation increase			3.00	%		3.00	%
Weighted-average assumptions used to determine benefit cost:
Discount rate			5.26	%		4.34	%
Expected return on plan assets			7.50	%		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, 2015:

	Pension
	Benefits
	(In thousands)
2016	$	413
2017		470
2018		372
2019		216
2020		753
2021-2024		1,561
Total	$	3,785

Target Asset Allocation Percentages

The target asset allocation percentages for both 2015 and 2014 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, 2015 and 2014, the fair value of plan assets as a percentage of the total was invested in the following:

	December 31,
		2015			2014
Equity securities			75.3	%		77.9	%
Debt securities			23.9			22.0
Cash and cash equivalents			0.8			0.1
			100.0	%		100.0	%

Fair Values of Company's Pension Plan By Asset Category

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

December 31, 2015
			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	$	37	$	37	$	––	$	––
Mutual funds – equities
International		494		494		––		––
Large Cap		1,876		1,876		––		––
Small and Mid Cap		985		985		––		––
Mutual funds – fixed income
Core bond		845		845		––		––
High yield corporate		221		221		––		––
Total	$	4,458	$	4,458	$	––	$	––

December 31, 2014
			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	$	33	$	33	$	––	$	––
Mutual funds – equities
International		464		464		––		––
Large Cap		1,828		1,828		––		––
Small and Mid Cap		1,202		1,202		––		––
Mutual funds – fixed income
Core bond		712		712		––		––
High yield corporate		246		246		––		––
Total	$	4,485	$	4,485	$	––	$	––

Share Information for the ESOP

Share information for the ESOP is as follows at December 31, 2015 and 2014:

	2015		2014
Allocated shares at beginning of the year	$	199,242	$	171,930
Shares released for allocation during the year		23,635		23,635
Net shares acquired on reinvestment of cash or (distributed) due to retirement/diversification		44,681		3,677
Unearned shares		118,176		141,811
Total ESOP shares		385,734		341,053
Fair value of unearned shares at December 31st	$	1,133,000	$	1,144,000