Postemployment Benefits [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Postemployment Benefits [Abstract] | |
Schedule of Benefit Plan Funded Status | A measurement date of December 31 has been used for the fiscal years ended December 31, 2016 and 2015. | | | | | | | | | In thousands | 2016 | | 2015 | Change in benefit obligation: | | | | Benefit obligation at beginning of year | $ | 26,670 |
| | $ | 27,165 |
| Service cost | 795 |
| | 881 |
| Interest cost | 1,136 |
| | 1,040 |
| Change in assumptions | 1,059 |
| | (1,438 | ) | Benefits paid | (1,035 | ) | | (978 | ) | Benefit obligation at end of year | 28,625 |
| | 26,670 |
| Change in plan assets: | | | | Fair value of plan assets at beginning of year | 36,880 |
| | 38,163 |
| Actual return on plan assets | 2,870 |
| | (305 | ) | Employer contribution | — |
| | — |
| Benefits paid | (1,035 | ) | | (978 | ) | Fair value of plan assets at end of year | 38,715 |
| | 36,880 |
| Funded Status, included in other assets | $ | 10,090 |
| | $ | 10,210 |
| Amounts recognized in accumulated other comprehensive loss: | | | | Total net actuarial loss | $ | 8,859 |
| | $ | 8,923 |
| Prior service cost | — |
| | 1 |
| Total included in accumulated other comprehensive loss (pretax) | $ | 8,859 |
| | $ | 8,924 |
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Estimated Costs To Be Amortized From AOCI Into Net Periodic Pension Cost During The Next Fiscal Year | The estimated costs that will be amortized from accumulated other comprehensive loss into net periodic pension cost during the next fiscal year are as follows: | | | | | In thousands | | Net loss | $ | 677 |
| Prior service cost | — |
| | $ | 677 |
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Components Of Net Periodic Benefit Costs (Income) | The components of net periodic benefit costs (income) related to the non-contributory, defined benefit pension plan for the years ended December 31 are as follows: | | | | | | | | | | | | | In thousands | 2016 | | 2015 | | 2014 | Components of net periodic benefit cost (income): | | | | | | Service cost | $ | 795 |
| | $ | 881 |
| | $ | 689 |
| Interest cost | 1,136 |
| | 1,040 |
| | 1,035 |
| Expected return on plan assets | (2,429 | ) | | (2,542 | ) | | (2,311 | ) | Recognized net actuarial loss | 682 |
| | 481 |
| | 21 |
| Amortization of prior service cost | 1 |
| | 24 |
| | 40 |
| Net Periodic Benefit Cost (Income) | 185 |
| | (116 | ) | | (526 | ) | Net loss | 618 |
| | 1,409 |
| | 4,349 |
| Amortization of net loss | (682 | ) | | (481 | ) | | (21 | ) | Amortization of prior service cost | (1 | ) | | (24 | ) | | (40 | ) | Total recognized in other comprehensive (income) loss | $ | (65 | ) | | $ | 904 |
| | $ | 4,288 |
| Total recognized in net periodic benefit cost and other comprehensive loss | $ | 120 |
| | $ | 788 |
| | $ | 3,762 |
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Assumptions Used To Determine The Benefit Obligation and Net Periodic Benefit Cost (Income) | For the years ended December 31, 2016, 2015 and 2014, the assumptions used to determine the benefit obligation are as follows: | | | | | | | | | | | 2016 | | 2015 | | 2014 | Discount rate | 4.05 | % | | 4.35 | % | | 3.90 | % | Rate of compensation increase | 3.50 | % | | 3.50 | % | | 3.75 | % |
For the years ended December 31, 2016, 2015 and 2014, the assumptions used to determine the net periodic benefit cost (income) are as follows: | | | | | | | | | | | 2016 | | 2015 | | 2014 | Discount rate | 4.35 | % | | 3.90 | % | | 4.75 | % | Expected long-term rate of return on plan assets | 6.75 | % | | 6.75 | % | | 6.75 | % | Rate of compensation increase | 3.50 | % | | 3.75 | % | | 3.75 | % |
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Pension Plan Weighted-Average Assets' Allocations | The Corporation’s pension plan weighted-average assets’ allocations at December 31, 2016 and 2015, are as follows: | | | | | | | | 2016 | | 2015 | Equity securities | 48 | % | | 48 | % | Debt securities | 46 | % | | 47 | % | Short-term fixed income | — | % | | — | % | Real estate | 6 | % | | 5 | % | | 100 | % | | 100 | % |
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Fair Value Measurements | Fair value measurements at December 31, 2016, are as follows: | | | | | | | | | | | | | | | | | In thousands | Total | | Level 1 | | Level 2 | | Level 3 | Equity securities | $ | 18,687 |
| | $ | 2,175 |
| | $ | 16,512 |
| | $ | — |
| Debt securities | 17,888 |
| | — |
| | 17,888 |
| | — |
| Real estate | 2,140 |
| | — |
| | 2,140 |
| | — |
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Fair value measurements at December 31, 2015, are as follows: | | | | | | | | | | | | | | | | | In thousands | Total | | Level 1 | | Level 2 | | Level 3 | Equity securities | $ | 17,618 |
| | $ | 1,437 |
| | $ | 16,181 |
| | $ | — |
| Debt securities | 17,463 |
| | — |
| | 17,463 |
| | — |
| Real estate | 1,799 |
| | — |
| | 1,799 |
| | — |
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Future Benefit Payments | Based on current data and assumptions, the following benefit payments, which reflect expected future service, as appropriate, are: | | | | | Years Ending | In thousands | 2017 | $ | 1,220 |
| 2018 | 1,300 |
| 2019 | 1,400 |
| 2020 | 1,430 |
| 2021 | 1,630 |
| 2022 - 2026 | 8,910 |
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