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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan [Abstract]  
Schedule of components of net periodic benefit cost
Information pertaining to the activity in the plan is as follows (dollars in thousands):
 
As of and for the Years Ended December 31,
 
2018
 
2017
 
2016
Change in Benefit Obligation:
 
 
 
 
 
Projected benefit obligation at beginning of year
$
8,313

 
$
7,932

 
$
8,453

Service cost

 

 

Interest cost
235

 
237

 
269

Actuarial (gain) loss
(782
)
 
611

 
352

Settlement gain
(120
)
 
(3
)
 
(51
)
Benefits paid
(1,834
)
 
(464
)
 
(1,091
)
Projected benefit obligation at end of year
5,812

 
8,313

 
7,932

 
 
 
 
 
 
Change in Plan Assets:
 

 
 

 
 

Fair value of plan assets at beginning of year
7,556

 
7,647

 
8,428

Actual return (loss) on plan assets
(69
)
 
373

 
310

Benefits paid
(1,834
)
 
(464
)
 
(1,091
)
Fair value of plan assets at end of year
5,653

 
7,556

 
7,647

 
 
 
 
 
 
Funded Status at End of Year
$
(159
)
 
$
(757
)
 
$
(285
)
 
 
 
 
 
 
Amounts Recognized in the Consolidated Balance Sheets
 

 
 

 
 

Other liabilities
$
(159
)
 
$
(757
)
 
$
(285
)
 
 
 
 
 
 
Amounts Recognized in Accumulated Other Comprehensive Loss
 

 
 

 
 

Net actuarial loss
$
1,594

 
$
2,886

 
$
2,652

Deferred income taxes
(357
)
 
(606
)
 
(928
)
Amount recognized
$
1,237

 
$
2,280

 
$
1,724

 
 
 
 
 
 
 
As of and for the Years Ended December 31,
 
2018
 
2017
 
2016
Components of Net Periodic Benefit Cost
 

 
 

 
 

Service cost
$

 
$

 
$

Interest cost
235

 
237

 
269

Expected return on plan assets
(353
)
 
(353
)
 
(385
)
Recognized net loss due to settlement
540

 
135

 
315

Recognized net actuarial loss
272

 
218

 
228

Net periodic benefit cost
$
694

 
$
237

 
$
427

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss
 
 
 
 
 
Net actuarial (gain) loss
$
(1,291
)
 
$
234

 
$
(166
)
Amortization of prior service cost

 

 

Total recognized in other comprehensive (income) loss
$
(1,291
)
 
$
234

 
$
(166
)
 
 
 
 
 
 
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive (Income) Loss
$
(597
)
 
$
471

 
$
261

Weighted-average asset allocations by asset category
Below is a description of the plan's assets.  The plan's weighted-average asset allocations by asset category are as follows as of December 31, 2018 and 2017:
Asset Category
December 31,
 
2018
 
2017
Fixed Income
68.0
%
 
61.7
%
Equity
25.2
%
 
29.5
%
Cash and Accrued Income
6.8
%
 
8.8
%
Total
100.0
%
 
100.0
%
Fair value of pension plan assets by asset category
The fair value of the Company's pension plan assets at December 31, 2018 and 2017, by asset category are as follows (dollars in thousands):
 
 
 
Fair Value Measurements at December 31, 2018 using
 
Balance at December 31,
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Asset Category
2018
 
Level 1
 
Level 2
 
Level 3
Cash
$
359

 
$
359

 
$

 
$

Fixed income securities
 

 
 

 
 

 
 

Government sponsored entities
2,119

 

 
2,119

 

Municipal bonds and notes
1,513

 

 
1,513

 

Corporate bonds and notes
237

 

 
237

 

Equity securities
 

 
 

 
 

 
 

U.S. companies
1,227

 
1,227

 

 

Foreign companies
198

 
198

 

 

 
$
5,653

 
$
1,784

 
$
3,869

 
$

 
 
 
Fair Value Measurements at December 31, 2017 using
 
Balance at December 31,
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Asset Category
2017
 
Level 1
 
Level 2
 
Level 3
Cash
$
617

 
$
617

 
$

 
$

Fixed income securities
 

 
 

 
 

 
 

Government sponsored entities
1,892

 

 
1,892

 

Municipal bonds and notes
1,931

 

 
1,931

 

Corporate bonds and notes
880

 

 
880

 

Equity securities
 

 
 

 
 

 
 
U.S. companies
1,768

 
1,768

 

 

Foreign companies
468

 
468

 

 

 
$
7,556

 
$
2,853

 
$
4,703

 
$

Projected benefit payments
Projected benefit payments for the years 2019 to 2028 are as follows (dollars in thousands):
Year
Amount
2019
$
844

2020
436

2021
639

2022
587

2023
1,018

2024-2028
2,486