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Deferred Compensation Plans
12 Months Ended
Dec. 31, 2011
Deferred Compensation Plans [Abstract]  
Deferred Compensation Plans

14.  Deferred Compensation Plans

Deferred compensation plans cover all directors and certain officers. Under the plans, the Corporation pays each participant, or their beneficiary, the amount of fees or compensation deferred plus gains or net of losses over a maximum period of 10 years, beginning with the individual's termination of service. A liability is accrued for the obligation under these plans.

A summary of changes in the deferred compensation plan liability follows:

 

                         
     2011     2010     2009  

Balance, beginning of year

   $ 1,038      $ 1,200      $ 894   

Deferrals, dividends, and changes in fair value recorded as an expense

     80        41        370   

Deferred compensation payments

     (131     (203     (64
    

 

 

   

 

 

   

 

 

 
       

Balance, end of year

   $ 987      $ 1,038      $ 1,200