XML 69 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans
3 Months Ended
Mar. 31, 2014
Employee Benefit Plans

Note 10. Employee Benefit Plans

The Company maintains the Supplemental Executive Retention Plan (the “SERP”) for key members of senior management. The following table presents the components of the SERP’s net periodic pension cost in the periods indicated:

 

     Three Months Ended March 31,  
(Amounts in thousands)    2014      2013  

Service cost

   $ 26       $ 34   

Interest cost

     73         61   

Amortization of losses

     —           12   

Amortization of prior service cost

     47         47   
  

 

 

    

 

 

 

Net periodic cost

   $ 146       $ 154   
  

 

 

    

 

 

 

The Company maintains the Directors’ Supplemental Retirement Plan (the “Directors’ Plan”) for non-management directors. The following table presents the components of the Directors’ Plan’s net periodic pension cost in the periods indicated:

 

     Three Months Ended March 31,  
(Amounts in thousands)    2014      2013  

Service cost

   $ 5       $ 7   

Interest cost

     12         10   

Amortization of gains (losses)

     —           —     

Amortization of prior service cost

     18         22   
  

 

 

    

 

 

 

Net periodic cost

   $ 35       $ 39