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Deferred Compensation Plans
12 Months Ended
Dec. 31, 2013
Postemployment Benefits [Abstract]  
Deferred Compensation Plans

15.  Deferred Compensation Plans

Deferred compensation plans cover all directors and certain officers. Under the plans, the Corporation pays each participant, or their beneficiary, the value of the participant’s account 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:

 

     2013     2012     2011  

Balance, beginning of year

   $ 990      $ 987      $ 1,038   

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

     191        84        80   

Deferred compensation payments

     (81     (81     (131
  

 

 

   

 

 

   

 

 

 

Balance, end of year

   $ 1,100      $ 990      $ 987