| Defined Benefit Pension Plan [Abstract] | Period [Axis] |
|---|
2015-01-01 - 2015-12-31 |
|---|
Defined Benefit Pension Plan [Abstract] | |
Obligations And Funded Status |
Obligations and Funded Status
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
2014
|
|
|
Change in Benefit Obligation
|
|
|
|
|
|
|
|
|
Benefit obligation at beginning of year
|
|
$
|
9,470,210
|
|
$
|
9,897,739
|
|
|
Service cost
|
|
|
72,639
|
|
|
60,738
|
|
|
Interest cost
|
|
|
443,370
|
|
|
442,705
|
|
|
Actuarial loss/(gain)
|
|
|
1,106,605
|
|
|
(421,439)
|
|
|
Disbursements made
|
|
|
(465,344)
|
|
|
(509,533)
|
|
|
Benefit obligation at end of year
|
|
|
10,627,480
|
|
|
9,470,210
|
|
|
Change in Plan Assets
|
|
|
|
|
|
|
|
|
Fair value of plan assets at beginning of year
|
|
|
10,150,878
|
|
|
9,855,247
|
|
|
Actual return on plan assets
|
|
|
(176)
|
|
|
499,052
|
|
|
Employer contribution
|
|
|
112,885
|
|
|
306,112
|
|
|
Disbursements made
|
|
|
(465,344)
|
|
|
(509,533)
|
|
|
Fair value of plan assets at end of year
|
|
|
9,798,243
|
|
|
10,150,878
|
|
|
Funded Status at End of Year
|
|
$
|
(829,237)
|
|
$
|
680,668
|
|
|
Amounts Recognized In Accumulated Other Comprehensive Income |
Components of Net Periodic Pension Cost and Other Amounts Recognized in Other Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Periodic Pension Benefit
|
|
2015
|
|
2014
|
|
|
Service cost
|
|
$
|
72,639
|
|
$
|
60,738
|
|
|
Interest cost
|
|
|
443,370
|
|
|
442,705
|
|
|
Expected return on plan assets
|
|
|
(629,783)
|
|
|
(598,359)
|
|
|
Amortization of net loss/(gain)
|
|
|
—
|
|
|
(78,828)
|
|
|
Net periodic pension benefit
|
|
|
(113,774)
|
|
|
(173,744)
|
|
|
|
|
|
|
|
|
|
|
|
Other Changes in Plan Assets and Benefit Obligations
|
|
|
|
|
|
|
|
|
Net loss (gain) for the period
|
|
|
1,729,790
|
|
|
(243,303)
|
|
|
Amortization of prior service cost
|
|
|
—
|
|
|
—
|
|
|
Amortization of net transition liability
|
|
|
—
|
|
|
—
|
|
|
Amortization of net gain
|
|
|
—
|
|
|
—
|
|
|
Total recognized in other comprehensive income
|
|
|
1,729,790
|
|
|
(243,303)
|
|
|
Total recognized in net periodic pension cost and other comprehensive income
|
|
$
|
1,616,016
|
|
$
|
(417,047)
|
|
|
Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income |
Components of Net Periodic Pension Cost and Other Amounts Recognized in Other Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Periodic Pension Benefit
|
|
2015
|
|
2014
|
|
|
Service cost
|
|
$
|
72,639
|
|
$
|
60,738
|
|
|
Interest cost
|
|
|
443,370
|
|
|
442,705
|
|
|
Expected return on plan assets
|
|
|
(629,783)
|
|
|
(598,359)
|
|
|
Amortization of net loss/(gain)
|
|
|
—
|
|
|
(78,828)
|
|
|
Net periodic pension benefit
|
|
|
(113,774)
|
|
|
(173,744)
|
|
|
|
|
|
|
|
|
|
|
|
Other Changes in Plan Assets and Benefit Obligations
|
|
|
|
|
|
|
|
|
Net loss (gain) for the period
|
|
|
1,729,790
|
|
|
(243,303)
|
|
|
Amortization of prior service cost
|
|
|
—
|
|
|
—
|
|
|
Amortization of net transition liability
|
|
|
—
|
|
|
—
|
|
|
Amortization of net gain
|
|
|
—
|
|
|
—
|
|
|
Total recognized in other comprehensive income
|
|
|
1,729,790
|
|
|
(243,303)
|
|
|
Total recognized in net periodic pension cost and other comprehensive income
|
|
$
|
1,616,016
|
|
$
|
(417,047)
|
|
|
Additional Information |
Additional Information
The weighted-average assumptions used in the actuarial computation of the Pension Plan’s benefit obligations were as follows:
|
|
|
|
|
|
|
|
|
|
2015
|
|
2014
|
|
|
Discount rates
|
|
4.14
|
%
|
3.77
|
%
|
|
Rates of compensation increase
|
|
NA
|
|
NA
|
|
|
Expected rate of return
|
|
NA
|
|
NA
|
|
The weighted-average assumptions used in the actuarial computation of the Pension Plan’s periodic cost were as follows:
|
|
|
|
|
|
|
|
|
|
2015
|
|
2014
|
|
|
Discount rates
|
|
3.77
|
%
|
4.72
|
%
|
|
Expected rate on plan assets
|
|
6.60
|
%
|
6.60
|
%
|
|
Rate of compensation increase
|
|
NA
|
|
NA
|
|
The target and actual allocations expressed as a percentage of the Pension Plan’s assets as of December 31, 2015 and 2014 were as follows:
|
|
|
|
|
|
|
|
December 31, 2015
|
|
Target
|
|
Actual
|
|
|
Equity Securities
|
|
40-65
|
%
|
62
|
%
|
|
Debt securities
|
|
35-60
|
%
|
38
|
%
|
|
Total
|
|
100
|
%
|
100
|
%
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
Equity Securities
|
|
Target
|
|
Actual
|
|
|
Fixed income-guaranteed fund
|
|
40-65
|
%
|
59
|
%
|
|
Total
|
|
35-60
|
%
|
41
|
%
|
|
|
|
100
|
%
|
100
|
%
|
|
Estimated Future Benefit Payments |
Estimated future benefit payments are as follows:
|
|
|
|
|
|
|
Periods ending December 31:
|
|
Amount
|
|
|
2016
|
|
$
|
483,374
|
|
|
2017
|
|
|
457,072
|
|
|
2018
|
|
|
465,076
|
|
|
2019
|
|
|
468,583
|
|
|
2020
|
|
|
490,135
|
|
|
2021-2025
|
|
|
2,739,509
|
|
|
Fair Value Measurement Of Plan Assets |
The following table summarizes the fair value of the Pension Plan’s investments at December 31, 2015 and 2014.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quoted Prices in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Active markets for
|
|
Significant Other
|
|
Significant Other
|
|
|
|
|
Total as of December 31,
|
|
Identical Assets
|
|
Observable Inputs
|
|
Unobservable Inputs
|
|
|
Asset Category
|
|
2015
|
|
(Level 1)
|
|
(Level 2)
|
|
(Level 3)
|
|
|
Equity Securities – Pooled Separate Account:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Large-cap
|
|
$
|
2,111,647
|
|
$
|
—
|
|
$
|
2,111,647
|
|
$
|
—
|
|
|
Mixed-cap
|
|
|
2,473,587
|
|
|
—
|
|
|
2,473,587
|
|
|
|
|
|
Small-cap
|
|
|
816,159
|
|
|
—
|
|
|
816,159
|
|
|
—
|
|
|
International
|
|
|
638,434
|
|
|
—
|
|
|
638,434
|
|
|
—
|
|
|
Guaranteed Deposit
|
|
|
3,758,416
|
|
|
—
|
|
|
3,758,416
|
|
|
—
|
|
|
Total
|
|
$
|
9,798,243
|
|
$
|
—
|
|
$
|
9,798,243
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quoted Prices in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Active markets for
|
|
Significant Other
|
|
Significant Other
|
|
|
|
|
Total as of December 31,
|
|
Identical Assets
|
|
Observable Inputs
|
|
Unobservable Inputs
|
|
|
Asset Category
|
|
2014
|
|
(Level 1)
|
|
(Level 2)
|
|
(Level 3)
|
|
|
Equity Securities - Pooled Separate Account:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mixed-cap
|
|
$
|
4,475,708
|
|
$
|
—
|
|
$
|
4,475,708
|
|
$
|
—
|
|
|
Small-cap
|
|
|
822,709
|
|
|
—
|
|
|
822,709
|
|
|
—
|
|
|
International
|
|
|
665,773
|
|
|
—
|
|
|
665,773
|
|
|
—
|
|
|
Guaranteed Deposit
|
|
|
4,186,688
|
|
|
—
|
|
|
4,186,688
|
|
|
—
|
|
|
Total
|
|
$
|
10,150,878
|
|
$
|
—
|
|
$
|
10,150,878
|
|
$
|
—
|
|
|