XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.5.0.2

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS | 6 Months Ended
--- | ---
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract] |
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS | PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS Central Pacific Bank has a defined benefit retirement plan (the “Pension Plan”) which covers certain eligible employees. The plan was curtailed effective December 31, 2002, and accordingly, plan benefits were fixed as of that date. The following table sets forth the components of net periodic benefit cost for the Pension Plan:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Interest cost | $ | 344 |  |  | $ | 348 |  |  | $ | 687 |  |  | $ | 696 |
Expected return on plan assets | (439 | ) |  | (472 | ) |  | (878 | ) |  | (944 | )
Amortization of net actuarial losses | 354 |  |  | 393 |  |  | 708 |  |  | 786 |
Net periodic cost | $ | 259 |  |  | $ | 269 |  |  | $ | 517 |  |  | $ | 538 |
Our bank also established Supplemental Executive Retirement Plans (“SERPs”), which provide certain (current and former) officers of our bank with supplemental retirement benefits. We have not entered into a SERP since December 31, 2008. The following table sets forth the components of net periodic benefit cost for the SERPs:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Interest cost | $ | 117 |  |  | $ | 110 |  |  | $ | 233 |  |  | $ | 220 |
Amortization of net actuarial losses | 12 |  |  | 28 |  |  | 25 |  |  | 55 |
Amortization of net transition obligation | 4 |  |  | 4 |  |  | 8 |  |  | 8 |
Amortization of prior service cost | 5 |  |  | 5 |  |  | 10 |  |  | 10 |
Net periodic cost | $ | 138 |  |  | $ | 147 |  |  | $ | 276 |  |  | $ | 293 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49170332&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration