XML 122 R49.htm IDEA: XBRL DOCUMENT
v2.4.0.6

PENSION PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Defined Benefit Retirement Plan |
PENSION PLANS |
Schedule of information pertaining to the defined benefit retirement plan |
|  | December 31, |
|  | 2012 |  | 2011 |
|  | (Dollars in thousands) |
Change in benefit obligation |  |  |  |  |
Benefit obligation at January 1 |  | $ | 34,091 |  | $ | 33,633 |
Interest cost |  | 1,585 |  | 1,668 |
Actuarial loss |  | 2,923 |  | 1,014 |
Benefits paid |  | (2,460 | ) | (2,224 | )
Benefit obligation at December 31 |  | 36,139 |  | 34,091 |
Change in plan assets |  |  |  |  |
Fair value of assets at January 1 |  | 22,559 |  | 23,220 |
Actual return on plan assets |  | 2,235 |  | 168 |
Employer contributions |  | 1,446 |  | 1,395 |
Benefits paid |  | (2,460 | ) | (2,224 | )
Fair value of assets at December 31 |  | 23,780 |  | 22,559 |
Funded status |  | $ | (12,359 | ) | $ | (11,532 | )
Amounts recognized in the consolidated balance sheets |  |  |  |  |
Accrued benefit liability |  | $ | (12,359 | ) | $ | (11,532 | )
Components of accumulated other comprehensive income: |  |  |  |  |
Unrecognized net actuarial loss |  | (19,205 | ) | (19,111 | )
Net amount recognized |  | $ | 6,846 |  | $ | 7,579 |
Benefit obligation actuarial assumptions |  |  |  |  |
Weighted average discount rate |  | 4.0 | % | 4.8 | %
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
|  | (Dollars in thousands) |
Components of net periodic cost |  |  |  |  |  |  |
Interest cost |  | $ | 1,585 |  | $ | 1,668 |  | $ | 1,790 |
Expected return on plan assets |  | (1,791 | ) | (1,821 | ) | (1,710 | )
Recognized net loss |  | 2,385 |  | 2,263 |  | 1,962 |
Net periodic cost |  | 2,179 |  | 2,110 |  | 2,042 |
Other changes in plan assets and benefit obligations recognized in other comprehensive income |  |  |  |  |  |  |
Net loss |  | (93 | ) | (404 | ) | (414 | )
Total recognized in other comprehensive income |  | (93 | ) | (404 | ) | (414 | )
Total recognized in net periodic cost and other comprehensive income |  | $ | 2,272 |  | $ | 2,514 |  | $ | 2,456 |
Net periodic cost actuarial assumptions |  |  |  |  |  |  |
Weighted average discount rate |  | 4.8 | % | 5.1 | % | 5.9 | %
Expected long-term rate of return on plan assets |  | 8.0 | % | 8.0 | % | 8.0 | %
Schedule of asset allocations by asset category |
|  | December 31, |
|  | 2012 |  | 2011 |
Equity securities |  | 65 | % | 62 | %
Debt securities |  | 32 |  | 32 |
Other |  | 3 |  | 6 |
Total |  | 100 | % | 100 | %
Schedule of fair values of the defined benefit retirement plan by asset category |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | (Dollars in thousands) |
December 31, 2012 |  |  |  |  |  |  |  |  |
Money market accounts |  | $ | 1,022 |  | $ | — |  | $ | — |  | $ | 1,022 |
Mutual funds |  | 9,524 |  | — |  | — |  | 9,524 |
Government obligations |  | — |  | 3,317 |  | — |  | 3,317 |
Common stocks |  | 6,213 |  | — |  | — |  | 6,213 |
Preferred stocks |  | 279 |  | — |  | — |  | 279 |
Corporate bonds and debentures |  | — |  | 3,425 |  | — |  | 3,425 |
|  | $ | 17,038 |  | $ | 6,742 |  | $ | — |  | $ | 23,780 |
December 31, 2011 |  |  |  |  |  |  |  |  |
Money market accounts |  | $ | 1,869 |  | $ | — |  | $ | — |  | $ | 1,869 |
Mutual funds |  | 439 |  | — |  | — |  | 439 |
Government obligations |  | — |  | 3,264 |  | — |  | 3,264 |
Common stocks |  | 5,376 |  | — |  | — |  | 5,376 |
Exchange traded funds |  | 8,494 |  | — |  | — |  | 8,494 |
Preferred stocks |  | 226 |  | — |  | — |  | 226 |
Corporate bonds and debentures |  | — |  | 2,891 |  | — |  | 2,891 |
|  | $ | 16,404 |  | $ | 6,155 |  | $ | — |  | $ | 22,559 |
Schedule of estimated future benefit payments | Estimated future benefit payments are as follows (in thousands):
Year ending December 31: |  |  |
2013 |  | $ | 2,342 |
2014 |  | 2,372 |
2015 |  | 2,360 |
2016 |  | 2,384 |
2017 |  | 2,362 |
2018-2022 |  | 11,518 |
Total |  | $ | 23,338 |
SERP |
PENSION PLANS |
Schedule of information pertaining to the defined benefit retirement plan |
|  | December 31, |
|  | 2012 |  | 2011 |
|  | (Dollars in thousands) |
Change in benefit obligation |  |  |  |  |
Benefit obligation at January 1 |  | $ | 8,558 |  | $ | 7,755 |
Interest cost |  | 426 |  | 412 |
Actuarial loss |  | 1,175 |  | 606 |
Benefits paid |  | (215 | ) | (215 | )
Benefit obligation at December 31 |  | 9,944 |  | 8,558 |
Change in plan assets |  |  |  |  |
Fair value of assets at January 1 |  | — |  | — |
Employer contributions |  | 215 |  | 215 |
Benefits paid |  | (215 | ) | (215 | )
Fair value of assets at December 31 |  | — |  | — |
Funded status |  | $ | (9,944 | ) | $ | (8,558 | )
Amounts recognized in the consolidated balance sheets |  |  |  |  |
Accrued benefit liability |  | $ | (9,944 | ) | $ | (8,558 | )
Components of accumulated other comprehensive income: |  |  |  |  |
Unrecognized transition obligation |  | (181 | ) | (198 | )
Unamortized prior service cost |  | (137 | ) | (154 | )
Unrecognized net actuarial loss |  | (1,482 | ) | (304 | )
Net amount recognized |  | $ | (8,144 | ) | $ | (7,902 | )
Benefit obligation actuarial assumptions |  |  |  |  |
Weighted average discount rate |  | 4.2 | % | 5.0 | %
Weighted average rate of compensation increase |  | 5.0 | % | 5.0 | %
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
|  | (Dollars in thousands) |
Components of net periodic cost |  |  |  |  |  |  |
Service cost |  | $ | — |  | $ | — |  | $ | 42 |
Interest cost |  | 426 |  | 412 |  | 435 |
Amortization of unrecognized transition obligation |  | 17 |  | 17 |  | 17 |
Recognized prior service cost |  | 18 |  | 18 |  | 17 |
Recognized net gain |  | (4 | ) | (17 | ) | (29 | )
Net periodic cost |  | 457 |  | 430 |  | 482 |
Other changes in plan assets and benefit obligations recognized in other comprehensive income |  |  |  |  |  |  |
Net loss |  | (1,179 | ) | (624 | ) | (307 | )
Amortization of prior service cost |  | 17 |  | 18 |  | 17 |
Amortization of transition obligation |  | 17 |  | 18 |  | 17 |
Total recognized in other comprehensive income |  | (1,145 | ) | (588 | ) | (273 | )
Total recognized in net periodic cost and other comprehensive income |  | $ | 1,602 |  | $ | 1,018 |  | $ | 755 |
Net periodic cost actuarial assumptions |  |  |  |  |  |  |
Weighted average discount rate |  | 5.0 | % | 5.0 | % | 6.1 | %
Weighted average rate of compensation increase |  | 5.0 | % | 5.0 | % | 5.0 | %
Schedule of estimated amortization of components included in AOCI that will be recognized into net periodic cost in the next fiscal year | The estimated amortization of components included in AOCI that will be recognized into net periodic cost for 2013 is as follows (in thousands):
Amortization of transition obligation |  | $ | 17 |
Amortization of prior service cost |  | 18 |
Amortization of net actuarial gain |  | 71 |
Schedule of estimated future benefit payments | Estimated future benefit payments reflecting expected future service for the SERP are as follows (in thousands):
Year ending December 31: |  |  |
2013 |  | $ | 215 |
2014 |  | 211 |
2015 |  | 208 |
2016 |  | 223 |
2017 |  | 413 |
2018-2022 |  | 2,109 |
Total |  | $ | 3,379 |

X
- Definition Tabular disclosure of the actual allocation by major categories of plan assets of pension plans and/or other employee benefit plans. + References No definition available. + Details
Name: | cpf_ScheduleOfActualAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | cpf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about the defined benefit pension plans or one or more other defined benefit postretirement plans. + References No definition available. + Details
Name: | cpf_ScheduleOfInformationAboutDefinedBenefitPlansTableTextBlock
Namespace Prefix: | cpf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration