Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Changes in Projected Benefit Obligations, Fair Value, and Funded Status


	December 31,
(Dollars in thousands)	2014			2013			2012
Change in benefit obligation
Projected benefit obligation, beginning	$	10,659		$	10,058		$	8,768
Service cost		763			776			636
Interest cost		451			425			395
Actuarial loss		1,882			91			505
Benefits paid		(173)			(691)			(246)
Projected benefit obligation, ending	$	13,582		$	10,659		$	10,058
Change in plan assets
Fair value of plan assets, beginning	$	11,624		$	9,612		$	8,295
Actual return on plan assets		633			1,703			1,063
Employer contributions		2,000			1,000			500
Benefits paid		(173)			(691)			(246)
Fair value of plan assets, ending	$	14,084		$	11,624		$	9,612
Funded status	$	502		$	965		$	(446)
Amounts recognized as an other asset (liability)	$	502		$	965		$	(446)
Amounts recognized in accumulated other comprehensive loss
Net loss	$	3,558		$	1,510		$	2,495
Prior service cost		(942)			(1,010)			(1,077)
Deferred taxes		(916)			(175)			(496)
Total recognized in accumulated other comprehensive loss	$	1,700		$	325		$	922
Weighted-average assumptions for benefit obligation at valuation date
Discount rate		3.6	%		4.4	%		4.0	%
Expected return on plan assets		7.5			8.0			8.0
Rate of compensation increase		3.0			3.0			3.0

Schedule of net periodic benefit costs


	Year Ended December 31,
(Dollars in thousands)	2014		2013		2012
Components of net periodic benefit cost
Service cost	$	763	$	776	$	636
Interest cost		451		425		395
Expected return on plan assets		(832)		(748)		(633)
Amortization of prior service cost		(68)		(68)		(68)
Amortization of net obligation at transition		—		—		—
Recognized net actuarial loss		33		121		106
Net periodic benefit cost		347		506		436
Other changes in plan assets and benefit obligations recognized in other comprehensive loss
Net loss (gain)		2,048		(985)		(31)
Amortization of net obligation at transition		—		—		—
Amortization of prior service costs		68		68		68
Deferred taxes		(741)		320		(13)
Total recognized in accumulated other comprehensive loss (income)		1,375		(597)		24
Total recognized in net periodic benefit cost and other comprehensive loss (income)	$	1,722	$	(91)	$	460

Schedule of weighted-average assumptions used for net periodic benefit cost


	January 1,
	2014		2013		2012
Weighted-average assumptions for net periodic benefit cost as of
Discount rate	4.4	%	4.0	%	4.5	%
Expected return on plan assets	7.5		8.0		8.0
Rate of compensation increase	3.0		3.0		3.0

Schedule of benefits expected to be paid by the plan in the next ten years


(Dollars in thousands)
2015	$	1,249
2016		633
2017		734
2018		2,155
2019		771
2020 – 2024		4,822
	$	10,364

Schedule of defined benefit pension plan weighted average asset allocations by asset category


	December 31,
	2014		2013
Mutual funds-fixed income	39	%	38	%
Mutual funds-equity	61		62
Cash and equivalents	*		*
	100	%	100	%

* Less than one percent.

Summary of fair value of defined benefit plan assets


	December 31, 2014
	Fair Value Measurements Using						Assets at Fair
(Dollars in thousands)	Level 1		Level 2		Level 3		Value
Mutual funds-fixed income 1	$	5,540	$	—	$	—	$	5,540
Mutual funds-equity 2		8,533		—		—		8,533
Cash and equivalents 3		11		—		—		11
Total pension assets	$	14,084	$	—	$	—	$	14,084


	December 31, 2013
	Fair Value Measurements Using						Assets at Fair
(Dollars in thousands)	Level 1		Level 2		Level 3		Value
Mutual funds-fixed income 1	$	4,431	$	—	$	—	$	4,431
Mutual funds-equity 2		7,181		—		—		7,181
Cash and equivalents 3		12		—		—		12
Total pension assets	$	11,624	$	—	$	—	$	11,624

This category includes investments in mutual funds focused on fixed income securities with both short-term and long-term investments. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the funds.

This category includes investments in mutual funds focused on equity securities with a diversified portfolio and includes investments in large cap and small cap funds, growth funds, international focused funds and value funds. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the funds.

This category comprises cash and short-term cash equivalent funds. The funds are valued at cost which approximates fair value.

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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