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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Defined SERP

Net Periodic Benefit Cost

The following table presents the components of the SERP’s net periodic pension cost in the periods indicated:

		Year Ended December 31,
(Amounts in thousands)		2014				2013				2012
Service cost		$	106			$	135			$	153
Interest cost			290				246				203
Amortization of losses			—				49				45
Amortization of prior service cost			187				187				134
Net periodic cost		$	583			$	617			$	535

Projected Benefit Payments

The following schedule presents the projected benefit payments to be paid under the SERP, by year, as of December 31, 2014:

(Amounts in thousands)
2015		$	247
2016			247
2017			351
2018			351
2019			348
2020 through 2024			2,135

Directors Plan

Net Periodic Benefit Cost

The following table presents the components of the Directors’ Plan’s net periodic pension cost in the periods indicated:

		Year Ended December 31,
(Amounts in thousands)		2014				2013				2012
Service cost		$	22			$	26			$	27
Interest cost			46				41				39
Amortization of gains (losses)			—				1				—
Amortization of prior service cost			73				90				90
Net periodic cost		$	141			$	158			$	156

Projected Benefit Payments

The following schedule presents the projected benefit payments to be paid under the Directors’ Plan, by year, as of December 31, 2014:

(Amounts in thousands)
2015		$	84
2016			82
2017			113
2018			111
2019			109
2020 through 2024			579

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (f)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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