Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.8.0.1
EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Schedule of expected benefit payments related to the defined benefit pension plan
Three Months Ended September 30, Nine Months Ended September 30,
(Dollars in Thousands) 2017 2016 2017 2016
Service Cost $ 1,688 $ 1,613 $ 5,064 $ 4,839
Interest Cost 1,437 1,397 4,312 4,191
Expected Return on Plan Assets (2,006) (1,934) (6,019) (5,802)
Prior Service Cost Amortization 56 69 167 207
Net Loss Amortization 953 801 2,859 2,403
Net Periodic Benefit Cost $ 2,128 $ 1,946 $ 6,383 $ 5,838
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 September 30, Nine Months Ended September 30,
(Dollars in Thousands) 2017 2016 2017 2016
Interest Cost $ 48 $ 40 $ 143 $ 120
Net Loss Amortization 149 190 448 570
Net Periodic Benefit Cost $ 197 $ 230 $ 591 $ 690
Discount Rate 3.92% 4.13% 3.92% 4.13%