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Deferred Compensation Plans | 12 Months Ended
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Dec. 31, 2020
Postemployment Benefits [Abstract] |
Deferred Compensation Plans | 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:
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Balance, beginning of year | $ | 3,234 |  |  | $ | 2,408 |  |  | $ | 2,503 |
Deferrals, dividends, and changes in fair value | (70) |  |  | 904 |  |  | 64 |
Deferred compensation payments | (79) |  |  | (78) |  |  | (159) |
Balance, end of year | $ | 3,085 |  |  | $ | 3,234 |  |  | $ | 2,408 |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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- References No definition available. + Details
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