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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2015
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) |  | 2015 |  |  | 2014 |  |  | 2013 |
Service cost |  | $ | 133 |  |  | $ | 106 |  |  | $ | 135 |
Interest cost |  |  | 281 |  |  |  | 290 |  |  |  | 246 |
Amortization of losses |  |  | 7 |  |  |  | — |  |  |  | 49 |
Amortization of prior service cost |  |  | 187 |  |  |  | 187 |  |  |  | 187 |
Net periodic cost |  | $ | 608 |  |  | $ | 583 |  |  | $ | 617 |
Projected Benefit Payments | The following schedule presents the projected benefit payments to be paid under the SERP, by year, as of December 31, 2015:
(Amounts in thousands) |  |  |
2016 |  | $ | 249 |
2017 |  |  | 352 |
2018 |  |  | 352 |
2019 |  |  | 350 |
2020 |  |  | 374 |
2021 through 2025 |  |  | 2,118 |
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) |  | 2015 |  |  | 2014 |  |  | 2013 |
Service cost |  | $ | 47 |  |  | $ | 22 |  |  | $ | 26 |
Interest cost |  |  | 53 |  |  |  | 46 |  |  |  | 41 |
Amortization of losses |  |  | 60 |  |  |  | — |  |  |  | 1 |
Amortization of prior service cost |  |  | 72 |  |  |  | 73 |  |  |  | 90 |
Net periodic cost |  | $ | 232 |  |  | $ | 141 |  |  | $ | 158 |
Projected Benefit Payments | The following schedule presents the projected benefit payments to be paid under the Directors’ Plan, by year, as of December 31, 2015:
(Amounts in thousands) |  |  |
2016 |  | $ | 84 |
2017 |  |  | 110 |
2018 |  |  | 108 |
2019 |  |  | 106 |
2020 |  |  | 149 |
2021 through 2025 |  |  | 702 |

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- 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=58740216&loc=d3e1928-114920 + Details
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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=58740216&loc=d3e1928-114920 + Details
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