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Deferred Compensation Plans | 12 Months Ended
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Dec. 31, 2014
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:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Balance, beginning of year |  | $ | 1,100 |  |  | $ | 990 |  |  | $ | 987 |
Deferrals, dividends, and changes in fair value recorded as an expense |  |  | 36 |  |  |  | 191 |  |  |  | 84 |
Deferred compensation payments |  |  | (49 | ) |  |  | (81 | ) |  |  | (81 | )
Balance, end of year |  | $ | 1,087 |  |  | $ | 1,100 |  |  | $ | 990 |

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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- Details
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