Rendering

Component: (Network and Table)
Network
081100 - Disclosure - BENEFIT PLANS (Tables)
(http://communitybankna.com/role/BenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000723188 (http://www.sec.gov/CIK)
BENEFIT PLANS [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
BENEFIT PLANS [Abstract]
 
Funded Status of Plans Reconciled with Amounts Reported in Consolidated Statements of Condition
Using a measurement date of December 31, the following table shows the funded status of the Company's plans reconciled with amounts reported in the Company's consolidated statements of condition:
 
  
Pension Benefits
  
Post-retirement Benefits
 
(000's omitted)
 
2016
  
2015
  
2016
  
2015
 
Change in benefit obligation:
            
Benefit obligation at the beginning of year
 
$
127,134
  
$
127,513
  
$
1,918
  
$
2,256
 
Service cost
  
4,106
   
3,324
   
0
   
0
 
Interest cost
  
5,624
   
5,506
   
82
   
87
 
Plan amendment / acquisition
  
22
   
2,395
   
0
   
0
 
Participant contributions
  
0
   
0
   
516
   
509
 
Deferred actuarial (gain)/loss
  
(1,628
)
  
(2,091
)
  
174
   
(45
)
Benefits paid
  
(8,174
)
  
(9,513
)
  
(884
)
  
(889
)
Benefit obligation at end of year
  
127,084
   
127,134
   
1,806
   
1,918
 
Change in plan assets:
                
Fair value of plan assets at beginning of year
  
172,026
   
177,865
   
0
   
0
 
Actual return of plan assets
  
14,402
   
1,125
   
0
   
0
 
Participant contributions
  
0
   
0
   
516
   
509
 
Employer contributions
  
2,146
   
616
   
368
   
380
 
Plan acquisition
  
0
   
1,933
   
0
   
0
 
Benefits paid
  
(8,174
)
  
(9,513
)
  
(884
)
  
(889
)
Fair value of plan assets at end of year
  
180,400
   
172,026
   
0
   
0
 
Over/(Under) funded status at year end
 
$
53,316
  
$
44,892
  
$ 
(1,806
)
 
$ 
(1,918
)
                 
Amounts recognized in the consolidated statement of condition were:
 
Other assets
 
$
64,709
  
$
56,361
  
$
0
  
$
0
 
Other liabilities
  
(11,393
)
  
(11,469
)
  
(1,806
)
  
(1,918
)
Amounts recognized in accumulated other comprehensive income (loss) (“AOCI”) were:
 
Net loss
 
$
28,323
  
$
34,016
  
$
183
  
$
4
 
Net prior service cost (credit)
  
2,264
   
2,307
   
(1,801
)
  
(1,980
)
Pre-tax AOCI
  
30,587
   
36,323
   
(1,618
)
  
(1,976
)
Taxes
  
(11,622
)
  
(13,815
)
  
614
   
751
 
AOCI at year end
 
$
18,965
  
$
22,508
  
$ 
(1,004
)
 
$ 
(1,225
)
  
Amounts Recognized in Accumulated Other Comprehensive Income, Net of Tax
Amounts recognized in accumulated other comprehensive income, net of tax, for the year ended December 31, are as follows:

  
Pension Benefits
  
Post-retirement Benefits
 
(000's omitted)
 
2016
  
2015
  
2016
  
2015
 
Prior service (credit)/cost
 
$ 
(26
)
 
$ 
(5
)
 
$
110
  
$
110
 
Net (gain) loss
  
(3,517
)
  
4,482
   
111
   
(20
)
Total
 
$ 
(3,543
)
 
$
4,477
  
$
221
  
$
90
 
  
Estimated Costs, Net of Tax, That Will Be Amortized from Accumulated Other Comprehensive (Income) Loss into Net Periodic (Income) Cost over Next Fiscal Year
The estimated costs, net of tax, that will be amortized from accumulated other comprehensive (income) loss into net periodic (income) cost over the next fiscal year are as follows:

(000's omitted)
 
Pension
Benefits
  
Post-retirement
Benefits
 
Prior service cost/(credit)
 
$
55
  
$ 
(179
)
Net loss
  
1,010
   
6
 
Total
 
$
1,065
  
$ 
(173
)
  
Weighted-Average Assumptions Used to Determine Benefit Obligations
The weighted-average assumptions used to determine the benefit obligations as of December 31 are as follows:

  
Pension Benefits
  
Post-retirement Benefits
 
  
2016
  
2015
  
2016
  
2015
 
Discount rate
  
4.50
%
  
4.70
%
  
4.40
%
  
4.70
%
Expected return on plan assets
  
7.00
%
  
7.00
%
  
N/A
   
N/A
 
Rate of compensation increase
  
3.50
%
  
3.50
%
  
N/A
   
N/A
 
  
Net Periodic Benefit Cost
The net periodic benefit cost as of December 31 is as follows:
 
  
Pension Benefits
  
Post-retirement Benefits
 
(000's omitted)
 
2016
  
2015
  
2014
  
2016
  
2015
  
2014
 
Service cost
 
$
4,106
  
$
3,324
  
$
3,530
  
$
0
  
$
0
  
$
0
 
Interest cost
  
5,624
   
5,506
   
5,271
   
82
   
87
   
102
 
Expected return on plan assets
  
(11,842
)
  
(12,169
)
  
(11,922
)
  
0
   
0
   
0
 
Plan amendment
  
20
   
0
   
0
   
0
   
0
   
0
 
Amortization of unrecognized net loss/(gain)
  
1,508
   
1,466
   
(307
)
  
(5
)
  
(13
)
  
(7
)
Amortization of prior service cost
  
43
   
8
   
5
   
(179
)
  
(179
)
  
(179
)
Net periodic (benefit)
 
$ 
(541
)
 
$ 
(1,865
)
 
$ 
(3,423
)
 
$ 
(102
)
 
$ 
(105
)
 
$ 
(84
)
  
Weighted-Average Assumptions Used to Determine Net Periodic Pension Cost
The weighted-average assumptions used to determine the net periodic pension cost for the years ended December 31 are as follows:
 
  
Pension Benefits
  
Post-retirement Benefits
 
  
2016
  
2015
  
2014
  
2016
  
2015
  
2014
 
Discount rate
  
4.70
%
  
4.50
%
  
5.00
%
  
4.70
%
  
4.50
%
  
4.80
%
Expected return on plan assets
  
7.00
%
  
7.00
%
  
7.00
%
  
N/A
   
N/A
   
N/A
 
Rate of compensation increase
  
3.50
%
  
3.50
%
  
3.50
%
  
N/A
   
N/A
   
N/A
 
  
Amount of Expected Benefit Payments
The amount of benefit payments that are expected to be paid over the next ten years are as follows:

(000's omitted)
 
Pension Benefits
  
Post-retirement
Benefits
 
2017
 
$
7,225
  
$
145
 
2018
  
7,320
   
143
 
2019
  
7,504
   
141
 
2020
  
7,752
   
138
 
2021
  
7,914
   
136
 
2022-2026
  
41,823
   
636
 
  
Fair Value of Defined Benefit Plan Assets by Asset Category
The fair values of the Company’s defined benefit pension plan assets at December 31, 2016 by asset category are as follows:

 
 
 
Asset category (000’s omitted)
 
Quoted Prices
in Active
Markets for
Identical Assets
Level 1
  
Significant
Observable
Inputs
Level 2
  
Significant
Unobservable
Inputs
Level 3
  
Total
 
             
Money Market Accounts
 
$
103
  
$
8,048
  
$
0
  
$
8,151
 
Equity securities:
                
U.S. large-cap
  
43,235
   
0
   
0
   
43,235
 
U.S mid/small cap
  
19,032
   
0
   
0
   
19,032
 
CBSI stock
  
7,417
   
0
   
0
   
7,417
 
International
  
27,064
   
0
   
0
   
27,064
 
   
96,748
   
0
   
0
   
96,748
 
                 
Fixed income securities:
                
Government securities
  
25,375
   
5,863
   
0
   
31,238
 
Investment grade bonds
  
15,253
   
0
   
0
   
15,253
 
High yield(a)
  
16,615
   
0
   
0
   
16,615
 
   
57,243
   
5,863
   
0
   
63,106
 
                 
Other investments (b)
  
12,023
   
58
   
0
   
12,081
 
                 
Total (c)
 
$
166,117
  
$
13,969
  
$
0
  
$
180,086
 

The fair values of the Company’s defined benefit pension plan assets at December 31, 2015 by asset category are as follows:

 
 
 
Asset category (000’s omitted)
 
Quoted Prices
in Active
Markets for
Identical Assets
Level 1
  
Significant
Observable
Inputs
Level 2
  
Significant
Unobservable
Inputs
Level 3
  
Total
 
             
Money Market Accounts
 
$
2,240
  
$
5,750
  
$
0
  
$
7,990
 
Equity securities:
                
U.S. large-cap
  
34,985
   
0
   
0
   
34,985
 
U.S mid/small cap
  
12,354
   
0
   
0
   
12,354
 
CBSI stock
  
8,393
   
0
   
0
   
8,393
 
International
  
28,136
   
0
   
0
   
28,136
 
   
83,868
   
0
   
0
   
83,868
 
                 
Fixed income securities:
                
Government securities
  
31,397
   
6,488
   
0
   
37,885
 
Investment grade bonds
  
14,517
   
0
   
0
   
14,517
 
High yield(a)
  
17,365
   
0
   
0
   
17,365
 
   
63,279
   
6,488
   
0
   
69,767
 
                 
Other investments (b)
  
9,937
   
63
   
0
   
10,000
 
                 
Total (c)
 
$
159,324
  
$
12,301
  
$
0
  
$
171,625
 
 
(a)
This category is exchange-traded funds representing a diversified index of high yield corporate bonds.
(b)
This category is comprised of exchange-traded funds and mutual funds holding non-traditional investment classes including private equity funds and alternative exchange funds.
(c)
Excludes dividends and interest receivable totaling $0.3 million and $0.4 million at December 31, 2016 and 2015, respectively.