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Supplemental Retirement Benefits | 12 Months Ended
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Dec. 31, 2012
Supplemental Retirement Benefits |
Supplemental Retirement Benefits | (14) Supplemental Retirement Benefits The Company provides discretionary supplemental retirement benefits for certain retired officers, which will provide an annual benefit to these individuals for various terms following separation from employment. The Company recorded an expense of approximately $32,000, $6,000, and $30,000 for the years ended December 31, 2012, 2011, and 2010, respectively. The present value of the supplemental retirement obligation has been calculated using an 8.5% discount rate, and is included in retirement and other liabilities. Total projected future cash payments for the years ending December 31, 2013 through 2017, are approximately $75,000, $45,833, $25,000, $25,000, and $25,000, respectively, and approximately $50,000 thereafter.

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- Definition The entire disclosure for supplemental retirement benefits for certain retired officers. + References No definition available. + Details
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