Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2018

Retirement Benefits, Description [Abstract]

Accumulated post-retirement benefit obligation and funded status

The following table sets forth the accumulated postretirement benefit obligation and funded status:

	At or for the three months ended March 31,
	2018			2017
Change in benefit obligation
Benefit obligation at beginning of year	$	1,874,000		$	1,870,000
Interest cost	19,000			19,000
Benefits paid	(28,000		)	(32,000		)
Benefit obligation at end of period	$	1,865,000		$	1,857,000
Funded status
Benefit obligation at end of period	$	(1,865,000	)	$	(1,857,000	)
Unamortized loss	186,000			102,000
Accrued benefit cost at end of period	$	(1,679,000	)	$	(1,755,000	)

Schedule of net pension costs

The following table sets forth the net periodic pension cost:

	For the three months ended March 31,
	2018		2017
Components of net periodic benefit cost
Interest cost	$	19,000	$	19,000
Net periodic benefit cost	$	19,000	$	19,000

Schedule of net periodic benefit cost not yet recognized

Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive income (loss) are as follows:

	March 31, 2018			December 31, 2017			March 31, 2017
Unamortized net actuarial loss	$	(186,000	)	$	(186,000	)	$	(156,000	)
Deferred tax benefit at 21% (for March 31, 2018 and December 31, 2017) and 35% (for March 31, 2017)	39,000			39,000			54,000
Net unrecognized postretirement benefits included in accumulated other comprehensive income (loss)	$	(147,000	)	$	(147,000	)	$	(102,000	)