Rendering

Component: (Network and Table)
Network
2319301 - Disclosure - Benefit Plans (Tables)
(http://www.bbvacompass.com/role/BenefitPlansTables)
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 defined benefit plan activity
Obligations and Funded Status
 
Years Ended December 31,
 
2016
 
2015
 
(In Thousands)
Change in benefit obligation:
 
 
 
Benefit obligation, January 1
$
329,736

 
$
370,572

Service cost
3,784

 
4,754

Interest cost
11,668

 
14,459

Actuarial (gain) loss
8,374

 
(28,846
)
Benefits paid
(13,371
)
 
(31,203
)
Benefit obligation, December 31
340,191

 
329,736

Change in plan assets:
 
 
 
Fair value of plan assets, January 1
338,266

 
373,062

Actual return on plan assets
11,732

 
(3,593
)
Benefits paid
(13,371
)
 
(31,203
)
Fair value of plan assets, December 31
336,627

 
338,266

 
 
 
 
Funded status
(3,565
)
 
8,530

Net actuarial loss
37,445

 
30,357

Net amount recognized
$
33,880

 
$
38,887

 
 
Schedule of amounts recognized in balance sheet
Amounts recognized on the Company’s Consolidated Balance Sheets consist of:
 
December 31,
 
2016
 
2015
 
(In Thousands)
Prepaid benefit cost - other assets
$

 
$
8,530

Accrued expenses and other liabilities
(3,565
)
 

Deferred tax – other assets
13,907

 
11,235

Accumulated other comprehensive loss
23,538

 
19,122

Net amount recognized
$
33,880

 
$
38,887

 
 
Schedule of amounts recognized in income statements
The components of net periodic benefit cost recognized in the Company’s Consolidated Statements of Income are as follows.
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In Thousands)
Service cost
$
3,784

 
$
4,754

 
$
5,227

Interest cost
11,668

 
14,459

 
14,941

Expected return on plan assets
(10,446
)
 
(10,537
)
 
(11,961
)
Recognized actuarial loss

 
563

 
1,802

Net periodic benefit cost
$
5,006

 
$
9,239

 
$
10,009

 
 
Schedule of assumptions used in the defined benefit plan
The following table provides additional information related to the Company’s defined benefit pension plan.
 
Years Ended December 31,
 
2016
 
2015
 
(Dollars in Thousands)
Change in defined benefit plan included in other comprehensive income
$
4,416

 
$
(9,706
)
 
 
 
 
Weighted average assumptions used to determine benefit obligation at December 31:
 
 
 
Discount rate
4.04
%
 
4.30
%
Rate of compensation increase
3.00
%
 
3.00
%
 
 
 
 
Weighted average assumptions used to determine net pension income for year ended December 31:
 
 
 
Discount rate - benefit obligations
4.29
%
 
3.97
%
Discount rate - service cost
4.52
%
 
3.97
%
Discount rate - interest cost
3.62
%
 
3.97
%
Expected return on plan assets
3.15
%
 
2.87
%
Rate of compensation increase
3.00
%
 
3.25
%
 
 
Schedule of assumptions used in the defined benefit plan
The following table provides additional information related to the Company’s defined benefit pension plan.
 
Years Ended December 31,
 
2016
 
2015
 
(Dollars in Thousands)
Change in defined benefit plan included in other comprehensive income
$
4,416

 
$
(9,706
)
 
 
 
 
Weighted average assumptions used to determine benefit obligation at December 31:
 
 
 
Discount rate
4.04
%
 
4.30
%
Rate of compensation increase
3.00
%
 
3.00
%
 
 
 
 
Weighted average assumptions used to determine net pension income for year ended December 31:
 
 
 
Discount rate - benefit obligations
4.29
%
 
3.97
%
Discount rate - service cost
4.52
%
 
3.97
%
Discount rate - interest cost
3.62
%
 
3.97
%
Expected return on plan assets
3.15
%
 
2.87
%
Rate of compensation increase
3.00
%
 
3.25
%
 
 
Schedule of estimated benefit payments
The following table summarizes the estimated benefits to be paid in the following periods.
 
(In Thousands)

2017
$
13,888

2018
14,751

2019
15,349

2020
16,216

2021
17,026

2022-2026
96,227

 
 
Schedule of changes in fair value of benefit plans
The following table presents the fair value of the Company’s defined benefit pension plan assets.
 
 
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Inputs
 
Significant Unobservable Inputs
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
(In Thousands)
December 31, 2016
 
Assets:
 
Cash and cash equivalents
$
12,463

 
$
12,463

 
$

 
$

Fixed income securities:
 
 
 
 
 
 
 
U.S. Treasury and other U.S government agencies
221,242

 
200,391

 
20,851

 

States and political subdivisions
6,771

 

 
6,771

 

Corporate bonds
96,151

 

 
96,151

 

Total fixed income securities
324,164

 
200,391

 
123,773

 

Fair value of plan assets
$
336,627

 
$
212,854

 
$
123,773

 
$

 
 
 
 
 
 
 
 
December 31, 2015
 
Assets:
 
Cash and cash equivalents
$
5,167

 
$
5,167

 
$

 
$

Fixed income securities:
 
 
 
 
 
 
 
U.S. Treasury and other U.S. government agencies
223,197

 
203,050

 
20,147

 

States and political subdivisions
6,818

 

 
6,818

 

Corporate bonds
103,084

 

 
103,084

 

Total fixed income securities
333,099

 
203,050

 
130,049

 

Fair value of plan assets
$
338,266

 
$
208,217

 
$
130,049

 
$