| Compensation and Retirement Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Compensation and Retirement Disclosure [Abstract] | |
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | | (In thousands) | Change in plan assets: | | | | | | Fair value of plan assets at beginning of year | $ | 8,814 |
| | $ | 9,443 |
| | $ | 9,535 |
| Actual return (loss) on plan assets | 847 |
| | (304 | ) | | 391 |
| Employer contribution | 470 |
| | — |
| | — |
| Benefits paid | (320 | ) | | (325 | ) | | (483 | ) | Fair value of plan assets at end of year | 9,811 |
| | 8,814 |
| | 9,443 |
| Change in benefit obligation: | | | | | | Benefit obligation at beginning of year | 10,772 |
| | 10,135 |
| | 9,287 |
| Service cost | — |
| | — |
| | 484 |
| Interest cost | 422 |
| | 401 |
| | 407 |
| Actuarial loss | 1,022 |
| | 561 |
| | 2,230 |
| Benefits paid | (320 | ) | | (325 | ) | | (483 | ) | Curtailment gain | — |
| | — |
| | (1,790 | ) | Benefit obligation at end of year | 11,896 |
| | 10,772 |
| | 10,135 |
| Funded status and accrued liability at end of year | $ | (2,085 | ) | | $ | (1,958 | ) | | $ | (692 | ) | | | | | | | Accumulated benefit obligation at end of year | $ | 11,896 |
| | $ | 10,772 |
| | $ | 10,135 |
|
|
Schedule of Assumptions Used | At December 31, 2016 and 2015, the discount rate used to determine the benefit obligation was as follows: | | | | | | | | December 31, | | 2016 | | 2015 | Discount rate | 3.86 | % | | 4.01 | % |
The assumptions used to determine net periodic pension benefit are as follows: | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | Discount rate | 4.01 | % | | 4.00 | % | | 4.25 | % | Expected long-term rate of return on plan assets | 8.00 | % | | 8.00 | % | | 8.00 | % |
|
Schedule of Net Benefit Costs | The components of net periodic pension benefit are as follows: | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | | (In thousands) | Service cost | $ | — |
| | $ | — |
| | $ | 484 |
| Interest cost | 422 |
| | 401 |
| | 407 |
| Expected return on plan assets | (720 | ) | | (745 | ) | | (735 | ) | Amortization of net actuarial loss (gain) | 271 |
| | 110 |
| | (70 | ) | Curtailment gain | — |
| | — |
| | (1,304 | ) | Net periodic pension benefit | $ | (27 | ) | | $ | (234 | ) | | $ | (1,218 | ) |
|
Schedule of Allocation of Plan Assets | The fair value of major categories of the Company’s pension plan assets are summarized below: | | | | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total Fair Value | | (In thousands) | December 31, 2016 | | | | | | | | Collective funds | $ | 681 |
| | $ | — |
| | $ | — |
| | $ | 681 |
| Equity securities | 1,929 |
| | — |
| | — |
| | 1,929 |
| Mutual funds | 1,209 |
| | — |
| | — |
| | 1,209 |
| Short-term investments | 124 |
| | — |
| | — |
| | 124 |
| Total investments measured in the fair value hierarchy | 3,943 |
| | — |
| | — |
| | 3,943 |
| | | | | | | | | Investments measured at net asset value (a) | — |
| | — |
| | — |
| | 5,868 |
| | $ | 3,943 |
| | $ | — |
| | $ | — |
| | $ | 9,811 |
| | | | | | | | | | | | | | | | | December 31, 2015 | | | | | | | | Collective funds | $ | 1,126 |
| | $ | 4,266 |
| | $ | — |
| | $ | 5,392 |
| Equity securities | 1,566 |
| | — |
| | — |
| | 1,566 |
| Mutual funds | 1,046 |
| | — |
| | — |
| | 1,046 |
| Hedge funds | — |
| | — |
| | 660 |
| | 660 |
| Short-term investments | 150 |
| | — |
| | — |
| | 150 |
| | $ | 3,888 |
| | $ | 4,266 |
| | $ | 660 |
| | $ | 8,814 |
|
(a) In accordance with FASB ASC 820, Fair Value Measurements, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. |
Schedule of Expected Benefit Payments | Estimated future benefit payments, assuming employees retire at age 65 and take normal distribution payments, are as follows: | | | | | | Amount | Year Ending December 31, | (In thousands) | 2017 | $ | 785 |
| 2018 | 1,087 |
| 2019 | 614 |
| 2020 | 710 |
| 2021 | 930 |
| 2022-2026 | 3,223 |
|
|
Employee Stock Ownership Plan (ESOP) Disclosures | | | | | | | | Shares held by the ESOP include the following: | December 31, 2016 | | December 31, 2015 | | | | | Allocated | 149,613 |
| | 75,912 |
| Committed to be allocated | 75,912 |
| | 75,912 |
| Unallocated | 2,049,608 |
| | 2,124,846 |
| | 2,275,133 |
| | 2,276,670 |
|
|