Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.7.0.1
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Schedule of expected benefit payments related to the defined benefit pension plan
Three Months Ended June 30, Six Months Ended June 30,
(Dollars in Thousands) 2017 2016 2017 2016
Service Cost $ 1,688 $ 1,613 $ 3,376 $ 3,226
Interest Cost 1,437 1,397 2,874 2,794
Expected Return on Plan Assets (2,006) (1,934) (4,012) (3,870)
Prior Service Cost Amortization 56 69 112 139
Net Loss Amortization 953 801 1,906 1,602
Net Periodic Benefit Cost $ 2,128 $ 1,946 $ 4,256 $ 3,891
Discount Rate 4.21% 4.52% 4.21% 4.52%
Long-term Rate of Return on Assets 7.25% 7.50% 7.25% 7.50%
Schedule of expected benefit payments related to the SERP
The components of the net periodic benefit cost for the Company's SERP were as follows:
Three Months Ended June 30, Six Months Ended June 30,
(Dollars in Thousands) 2017 2016 2017 2016
Interest Cost $ 48 $ 40 $ 96 $ 80
Net Loss Amortization 149 190 298 380
Net Periodic Benefit Cost $ 197 $ 230 $ 394 $ 460
Discount Rate 3.92% 4.13% 3.92% 4.13%