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031203 - Disclosure - EMPLOYEE BENEFIT PLANS (Tables)
(http://ccbg.com/role/EMPLOYEEBENEFITPLANSTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Schedule of components of pension expense, the funded status of the plan, amounts recognized in the consolidated statements of financial condition, and major assumptions
(Dollars in Thousands)201620152014
Change in Projected Benefit Obligation:
Benefit Obligation at Beginning of Year$141,039$140,359$115,285
Service Cost6,4536,8595,634
Interest Cost5,5875,7505,513
Actuarial Loss (Gain)9,118(6,880)22,632
Benefits Paid(9,412)(4,825)(8,438)
Expenses Paid(200)(224)(267)
Projected Benefit Obligation at End of Year$152,585$141,039$140,359
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year$105,792$108,172$103,842
Actual Return on Plan Assets7,633(2,331)8,035
Employer Contributions10,0005,0005,000
Benefits Paid(9,412)(4,825)(8,438)
Expenses Paid(200)(224)(267)
Fair Value of Plan Assets at End of Year$113,813$105,792$108,172
Funded Status of Plan and Accrued Liability Recognized at End of Year:
Other Liabilities$38,772$35,247$32,186
Accumulated Benefit Obligation at End of Year$130,109$121,609$119,750
Components of Net Periodic Benefit Costs:
Service Cost$6,453$6,859$5,634
Interest Cost5,5875,7505,513
Expected Return on Plan Assets(7,736)(7,820)(7,487)
Amortization of Prior Service Costs278309309
Net Loss Amortization3,2013,5641,365
Net Periodic Benefit Cost$7,783$8,662$5,334
Weighted-Average Assumptions Used to Determine Benefit Obligation:
Discount Rate4.21%4.52%4.15%
Rate of Compensation Increase3.25%3.25%3.25%
Measurement Date12/31/1612/31/1512/31/14
Weighted-Average Assumptions Used to Determine Benefit Cost:
Discount Rate4.52%4.15%5.00%
Expected Return on Plan Assets7.50%7.50%7.50%
Rate of Compensation Increase3.25%3.25%3.25%
Amortization Amounts from Accumulated Other Comprehensive Income:
Net Actuarial Loss$9,221$3,272$22,083
Prior Service Cost(278)(309)(309)
Net Loss(3,201)(3,564)(1,365)
Deferred Tax (Benefit) Expense(2,216)232(7,873)
Other Comprehensive Loss (Gain), net of tax$3,526$(369)$12,536
Amounts Recognized in Accumulated Other Comprehensive Income:
Net Actuarial Losses$40,392$34,373$34,665
Prior Service Cost4887661,075
Deferred Tax Benefit(15,772)(13,556)(13,788)
Accumulated Other Comprehensive Loss, net of tax$25,108$21,583$21,952
 
 
Schedule of pension plan asset allocation and the target asset allocation
TargetPercentage of Plan
AllocationAssets at Year-End(1)
201720162015
Equity Securities70%66%68%
Debt Securities25%20%20%
Cash and Cash Equivalents5%14%12%
Total100%100%100%
 
 
Schedule of fair value of plan assets by level of the valuation inputs within the fair value hierarchy
(Dollars in Thousands)20162015
Level 1:
Equities$-$18,197
Mutual Funds - Real Estate4,7313,442
Mutual Funds - Fixed Income16,18914,738
Mutual Funds - Equity75,15953,649
Cash and Cash Equivalents15,34512,402
Level 2:
U.S. Government Agency2,3893,364
Total Fair Value of Plan Assets$113,813$105,792
 
 
Schedule of expected benefit payments related to the defined benefit pension plan
Expected Benefit Payments. As of December 31, expected benefit payments related to the defined benefit pension plan were as follows:
(Dollars in Thousands)2016
2017$9,190
201811,076
201910,913
202010,290
202111,748
2022 through 202656,735
Total$109,952
 
 
Schedule of amounts contributed to the pension plan and the expected amount to be contributed
20152016Expected
Contribution
(Dollars in Thousands)2017(1)
Actual Contributions$5,000$10,000$5,000
 
 
Schedule of components of SERP's periodic benefit cost, the funded status of the plan, amounts recognized in the consolidated statements of financial condition, and major assumptions
(Dollars in Thousands)201620152014
Change in Projected Benefit Obligation:
Benefit Obligation at Beginning of Year$4,842$3,003$2,379
Service Cost-3-
Interest Cost162133104
Actuarial Loss7371,703520
Projected Benefit Obligation at End of Year$5,741$4,842$3,003
Funded Status of Plan and Accrued Liability Recognized at End of Year:
Other Liabilities$5,741$4,842$3,003
Accumulated Benefit Obligation at End of Year$4,913$4,348$2,982
Components of Net Periodic Benefit Costs:
Service Cost$-$3$-
Interest Cost162133104
Amortization of Prior Service Cost-7164
Net Loss (Gain) Amortization759179(661)
Net Periodic Benefit Cost$921$322$(393)
Weighted-Average Assumptions Used to Determine Benefit Obligation:
Discount Rate3.92%4.13%4.15%
Rate of Compensation Increase3.25%3.25%3.25%
Measurement Date12/31/1612/31/1512/31/14
Weighted-Average Assumptions Used to Determine Benefit Cost:
Discount Rate4.13%4.15%5.00%
Rate of Compensation Increase3.25%3.25%3.25%
Amortization Amounts from Accumulated Other Comprehensive Income:
Net Actuarial Loss$737$1,703$520
Prior Service Cost-(7)(164)
Net (Loss) Gain(759)(179)660
Deferred Tax Expense (Benefit) 8(585)(392)
Other Comprehensive Loss (Gain), net of tax$(14)$932$624
Amounts Recognized in Accumulated Other Comprehensive Income:
Net Actuarial Loss (Gain)$870$892$(632)
Prior Service Cost--7
Deferred Tax (Benefit) Liability(336)(344)241
Accumulated Other Comprehensive Loss (Gain), net of tax$534$548$(384)
 
 
Schedule of expected benefit payments related to the SERP
(Dollars in Thousands)2016
2017$1,649
20182,193
20192,142
2020-
2021-
2022 through 2026-
Total$5,984