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Defined Benefit Plans
9 Months Ended
Sep. 30, 2016
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Defined Benefit Plans

(8)

Defined Benefit Plans

Mid Penn has an unfunded noncontributory defined benefit retirement plan for directors.  The plan provides defined benefits based on years of service.  In addition, Mid Penn sponsors a defined benefit health care plan that provides post-retirement medical benefits and life insurance to qualifying full-time employees.  These health care and life insurance plans are noncontributory.  A December 31 measurement date for the plans is used.

The components of net periodic benefit costs from these benefit plans are as follows:

 

 

Three Months Ended September 30,

 

(Dollars in thousands)

Pension Benefits

 

 

Other Benefits

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Service cost

$

9

 

 

$

8

 

 

$

1

 

 

$

3

 

Interest cost

 

12

 

 

 

11

 

 

 

6

 

 

 

8

 

Amortization of prior service cost

 

8

 

 

 

4

 

 

 

3

 

 

 

-

 

Net periodic benefit cost

$

29

 

 

$

23

 

 

$

10

 

 

$

11

 

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

Pension Benefits

 

 

Other Benefits

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Service cost

$

26

 

 

$

25

 

 

$

3

 

 

$

9

 

Interest cost

 

35

 

 

 

34

 

 

 

17

 

 

 

24

 

Amortization of prior service cost

 

33

 

 

 

11

 

 

 

94

 

 

 

-

 

Net periodic benefit cost

$

94

 

 

$

70

 

 

$

114

 

 

$

33