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Employee Benefit Plans (Tables)

12 Months Ended

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

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=58740216&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=58740216&loc=d3e1928-114920

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