Rendering

Component: (Network and Table)
Network
039 - Disclosure - EMPLOYEE BENEFITS (Tables)
(http://www.bridgenb.com/role/EmployeeBenefitsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
EMPLOYEE BENEFITSPeriod [Axis]
2016-01-01 - 2016-12-31
EMPLOYEE BENEFITS
 
Schedule of information about changes in obligations and plan assets of the defined benefit pension plan and the defined benefit plan component of the SERP
 
    Pension Benefits     SERP Benefits  
    Year Ended December 31,     Year Ended December 31,  
(In thousands)   2016     2015     2016     2015  
Change in benefit obligation:                                
Benefit obligation at beginning of year   $ 18,515     $ 18,960     $ 2,555     $ 2,457  
Service cost     1,153       1,134       176       168  
Interest cost     794       706       105       91  
Benefits paid and expected expenses     (279 )     (264 )     (112 )     (112 )
Assumption changes and other     661       (2,021 )     280       (49 )
Benefit obligation at end of year   $ 20,844     $ 18,515     $ 3,004     $ 2,555  
                                 
Change in plan assets:                                
Fair value of plan assets at beginning of year   $ 24,562     $ 23,887     $     $  
Actual return on plan assets     1,416       (60 )            
Employer contribution     2,215       999       112       112  
Benefits paid and actual expenses     (279 )     (264 )     (112 )     (112 )
Fair value of plan assets at end of year   $ 27,914     $ 24,562     $     $  
                                 
Funded status at end of year   $ 7,070     $ 6,047     $ (3,004 )   $ (2,555 )
 
 
Schedule of amounts recognized in accumulated other comprehensive income
 
    Pension Benefits     SERP Benefits  
    December 31,     December 31,  
(In thousands)   2016     2015     2016     2015  
Net actuarial loss   $ 7,874     $ 7,108     $ 800     $ 546  
Prior service cost     (715 )     (792 )            
Transition obligation                 32       60  
Net amount recognized   $ 7,159     $ 6,316     $ 832     $ 606
 
 
Schedule net periodic benefit cost and other amounts recognized in other comprehensive income
 
    Pension Benefits     SERP Benefits  
    Year Ended December 31,     Year Ended December 31,  
(In thousands)   2016     2015     2014     2016     2015     2014  
Components of net periodic benefit cost and other amounts recognized in other comprehensive income:                                                
Service cost   $ 1,153     $ 1,134     $ 905     $ 176     $ 168     $ 132  
Interest cost     794       706       639       105       91       88  
Expected return on plan assets     (1,927 )     (1,838 )     (1,625 )                  
Amortization of net loss     406       376       27       27       32        
Amortization of prior service credit     (77 )     (77 )     (77 )                  
Amortization of transition obligation                       28       28       28  
Net periodic benefit cost (credit)   $ 349     $ 301     $ (131 )   $ 336     $ 319     $ 248  
                                                 
Net loss (gain)   $ 1,172     $ (123 )   $ 5,099     $ 280     $ (48 )   $ 430  
Amortization of net loss     (406 )     (376 )     (27 )     (27 )     (32 )      
Amortization of prior service credit     77       77       77                    
Amortization of transition obligation                       (28 )     (27 )     (27 )
Total recognized in other comprehensive income   $ 843     $ (422 )   $ 5,149     $ 225     $ (107 )   $ 403
 
 
Schedule of average assumptions used to determine benefit obligations and net periodic benefit cost
 
    Pension Benefits     SERP Benefits  
    December 31,     December 31,  
    2016     2015     2014     2016     2015     2014  
Weighted average assumptions used to determine benefit obligations:                                                
Discount rate     4.05 %     4.30 %     3.90 %     4.01 %     4.20 %     3.80 %
Rate of compensation increase     3.00       3.00       3.00       5.00       5.00       5.00  
Weighted average assumptions used to determine net periodic benefit cost:                                                
Discount rate     4.30 %     3.90 %     4.90 %     4.20 %     3.80 %     4.70 %
Rate of compensation increase     3.00       3.00       3.00       5.00       5.00       5.00  
Expected long-term rate of return     7.50       7.50       7.50                    
 
 
Schedule of target allocations for Plan assets
 
    Target
Allocation
    Percentage of Plan Assets 
At December 31,
    Weighted-Average
Expected Long-
term Rate of
 
Asset Category   2017     2016     2015     Return  
Cash Equivalents     0 – 5 %     3.0 %     4.6 %      
Equity Securities     45 - 65 %     64.0 %     62.2 %     10.0 %
Fixed income securities     35 - 55 %     33.0 %     33.2 %     5.0 %
Total             100.0 %     100.0 %        
 
 
Schedule of the Plan's fair value hierarchy for its financial assets measured at fair value on a recurring basis
 
    December 31, 2016:  
          Fair Value Measurements Using:  
(Dollars in thousands)   Carrying
Value
    Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
    Significant
Other
Observable
Inputs
 (Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 
Cash and cash equivalents:                        
Cash   $     $     $          
Short term investment funds     822             822          
Total cash and cash equivalents     822             822          
Equities:                                
U.S. large cap     8,950       8,950                
U.S. mid cap/small cap     3,038       3,038                
International     5,770       5,770                
Equities blend     124       124                
Total equities     17,882       17,882                
Fixed income securities:                                
Government issues     1,948       1,706       242          
Corporate bonds     1,795             1,795          
Mortgage backed     960             960          
High yield bonds and bond funds     4,507             4,507          
Total fixed income securities     9,210       1,706       7,504          
Total plan assets   $ 27,914     $ 19,588     $ 8,326          
  
    December 31, 2015  
          Fair Value Measurements Using:  
(Dollars in thousands)   Carrying
Value
    Quoted Prices In
Active Markets
for Identical
Assets 
(Level 1)
    Significant
Other
Observable
Inputs
 (Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 
Cash and cash equivalents:                        
Cash   $ 1,129     $ 1,129     $          
Short term investment funds     21             21          
Total cash and cash equivalents     1,150       1,129       21          
Equities:                                
U.S. large cap     7,472       7,472                
U.S. mid cap/small cap     2,259       2,259                
International     4,390       4,390                
Equities blend     1,151       1,151                
Total equities     15,272       15,272                
Fixed income securities:                                
Government issues     1,329       984       345          
Corporate bonds     1,308             1,308          
Mortgage backed     562             562          
High yield bonds and bond funds     4,941             4,941          
Total fixed income securities     8,140       984       7,156          
Total plan assets   $ 24,562     $ 17,385     $ 7,177          
 
 
Summary of payments, which reflect expected future service, expected to be paid
 
    Pension and SERP
Payments
 
Year   (in thousands)  
2017   $ 574  
2018     677  
2019     740  
2020     908  
2021     1,005  
2022-2026     6,476  
 
 
Summary of status of stock options
 
(Dollars in thousands, except per share amounts)   Number
of
Options
    Weighted
Average
Exercise
Price
 
Outstanding, January 1, 2016     23,725     $ 25.25  
Exercised     (23,725 )   $ 25.25  
Outstanding, December 31, 2016              
 
 
Schedule of summary of activity related to the stock options
 
    Year Ended December 31,  
(In thousands)   2016     2015     2014  
Intrinsic value of options exercised   $ 115     $ 52     $ 4  
Cash received from options exercised     62       80       4  
Tax benefit realized from option exercised                  
 
 
 
Schedule of unvested restricted stock
 
    Shares     Weighted
Average Grant-Date
Fair Value
 
Unvested, January 1, 2016     281,076     $ 23.46  
Granted     69,309     $ 27.99  
Vested     (41,727 )   $ 22.42  
Forfeited     (6,667 )   $ 25.95  
Unvested, December 31, 2016     301,991     $ 24.59