Rendering

Component: (Network and Table)
Network
1044 - Disclosure - Employee Benefits (Tables)
(http://www.iroquoisfed.com/taxonomy/role/NotesToFinancialStatementsPensionAndOtherPostretirementBenefitsDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
Compensation and Retirement Disclosure [Abstract]
 
Plan's Funded Status and Pension Cost

The Company uses a June 30 measurement date for the plan. Information about the plan’s funded status and pension cost follows:

 

     2016      2015  

Change in benefit obligation

     

Beginning of year

   $ 2,654       $ 2,387   

Service cost

     46         48   

Interest cost

     111         100   

Actuarial loss

     266         203   

Benefits paid

     (110      (84
  

 

 

    

 

 

 

End of year

   $ 2,967       $ 2,654   
  

 

 

    

 

 

 
 
 
Significant Balances, Costs and Assumptions

Significant balances, costs and assumptions are:

 

     Postretirement Plan  
     2016      2015  

Benefit obligation

   $ 2,967       $ 2,654   

Fair value of plan assets

     —           —     
  

 

 

    

 

 

 

Funded status

   $ (2,967    $ (2,654
  

 

 

    

 

 

 

Accumulated benefit obligation

   $ 2,967       $ 2,654   
  

 

 

    

 

 

 

 

Amounts recognized in the consolidated balance sheets:

 

Accrued benefit cost

   $  2,967       $ 2,654   
  

 

 

    

 

 

 
 
 
Net Periodic Benefit Cost

Components of net periodic benefit cost:

 

     2016      2015  

Service cost

   $ 46       $ 48   

Interest cost

     111         100   

Amortization of prior service credit

     (48      (48

Amortization of transition amount

     —           25   

Amortization of (Gain) or Loss

     26         9   
  

 

 

    

 

 

 
   $ 135       $ 134   
  

 

 

    

 

 

 
 
 
Accumulated Other Comprehensive Income Not Yet Recognized

Amounts recognized in accumulated other comprehensive income not yet recognized as components of net periodic benefit cost consist of:

 

     2016      2015  

Net loss

   $ 772       $ 531   

Prior service credit

     (82      (129
  

 

 

    

 

 

 
   $ 690       $ 402   
  

 

 

    

 

 

 
 
 
Other Significant Balances and Costs

Other significant balances and costs are:

 

     2016      2015  

Employer contribution

   $ 110       $ 84   

Benefits paid

     110         84   

Benefit costs

     135         134   
 
 
One-percentage-Point Change in Assumed Health Care Cost Trend Rates

A one-percentage-point change in assumed health care cost trend rates would have the following effects:

 

     One-
Percentage-
Point

Increase
     One-
Percentage-
Point

Decrease
 

Effect on total of service and interest cost components

   $ 4       $ (4

Effect on postretirement benefit obligation

     36         (40
 
 
Postretirement Plan Benefit Payments Expected Future Service

The following postretirement plan benefit payments, which reflect expected future service, as appropriate, are expected to be paid as of June 30, 2016:

 

2017

   $ 123   

2018

     134   

2019

     148   

2020

     158   

2021

     167   

2022-2026

     981   
 
 
Benefit Payments Expected to be Paid for Agreements

The following benefit payments are expected to be paid for these agreements:

 

2017

   $ 65   

2018

     65   

2019

     85   

2020

     102   

2021

     135   

Thereafter

     3,168   
  

 

 

 
   $ 3,620