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Retirement Benefit Plans | 12 Months Ended
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Dec. 31, 2013
Retirement Benefit Plans [Abstract] |
Retirement Benefit Plans | Note 13: Retirement Benefit Plans The Company has non-qualified supplemental executive retirement agreements with certain retired officers. The agreements provide supplemental retirement benefits payable in installments over a period of years upon retirement or death. The Company also has a supplemental executive retirement agreement with a current executive officer. This agreement provides a stream of future payments in accordance with individually defined vesting schedules upon retirement, termination, or in the event that the participating executive leaves the Company following a change of control event. The after tax components of accumulated other comprehensive (loss) income, which have not yet been recognized in net periodic benefit cost, related to post-retirement benefits are net actuarial losses related to supplemental retirement plans of $373 and $401, as of December 31, 2013 and 2012, respectively. A December 31 measurement date is used for the supplemental executive retirement plans. The following table sets forth changes in benefit obligation, changes in plan assets, and the funded status of the plans as of and for the years ended December 31:
|  | Supplemental Executive |
|  | Retirement Plans |
|  | Fiscal Year Ending |
|  | 2013 |  |  | 2012 |
Obligations and Funded Status |  |  |  |  |  |
Change in Benefit Obligation |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 3,916 |  | $ | 3,349 |
Service cost |  | 209 |  |  | 173 |
Interest cost |  | 120 |  |  | 131 |
Actuarial (gain) loss on supplemental retirement plans |  | (147 | ) |  | 469 |
Benefits and expenses paid |  | (216 | ) |  | (206 | )
Benefit obligation at end of year | $ | 3,882 |  | $ | 3,916 |
Change in plan assets |  |  |  |  |  |
Fair value of plan assets at beginning of year | $ | -- |  | $ | -- |
Benefits and expenses paid |  | (216 | ) |  | (206 | )
Contributions |  | 216 |  |  | 206 |
Fair value of plan assets at end of year | $ | -- |  | $ | -- |
Funded status at end of year | $ | (3,882 | ) | $ | (3,916 | )
As of December 31, 2013 and 2012, the Company had recognized liabilities of $3,882 and $3,916, respectively, for the supplemental executive retirement plans. These amounts are reported within other liabilities on the consolidated balance sheets. The following table summarizes the assumptions used to determine the benefit obligations and net periodic benefit costs for the years ended December 31, 2013, 2012, and 2011:
| Supplemental Executive
| Retirement Plans
Assumptions | Fiscal Year Ending
| 2013 |  | 2012 |  | 2011 |
Weighted-average discount rate beginning of the year | 3.14 | % | 3.76 | % | 5.75 | %
Weighted-average discount rate end of the year | 4.02 | % | 3.14 | % | 3.76 | %
The net periodic benefit cost for the years ended December 31 included the following components:
|  | Supplemental Executive |
|  | Retirement Plans |
|  | Fiscal Year Ending |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Components of Net Periodic Benefit Cost and Other |  |  |  |  |  |  |  |  |
Amounts Recognized in the Consolidated Income Statements |  |  |  |  |  |  |  |  |
Service cost | $ | 209 |  | $ | 173 |  | $ | 49 |
Interest cost |  | 120 |  |  | 131 |  |  | 190 |
Recognition of net actuarial (gain) loss |  | (105 | ) |  | (139 | ) |  | 4 |
Total recognized in the consolidated income statements | $ | 224 |  | $ | 165 |  | $ | 243 |
Other Changes and Benefit Obligations Recognized in Other |  |  |  |  |  |  |  |  |
Comprehensive Income (pre-tax) |  |  |  |  |  |  |  |  |
Recognition of net actuarial loss (gain) |  | 42 |  |  | 582 |  |  | (4 | )
Total recognized in other comprehensive income (pre-tax) |  | 42 |  |  | 582 |  |  | (4 | )
Total recognized in the consolidated income statements |  |  |  |  |  |  |  |  |
and other comprehensive income (pre-tax) | $ | 266 |  | $ | 747 |  | $ | 239 |
The estimated net actuarial loss for the supplemental executive retirement plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $28. The Company expects to contribute the following amounts to fund benefit payments under the supplemental executive retirement plans:
2014 | $ | 331
2015 |  | 291
2016 |  | 291
2017 |  | 291
2018 |  | 373
2019 and thereafter | $ | 3,970
401(k) Plan: The Company maintains a Section 401(k) savings plan for substantially all of its employees. Employees are eligible to participate in the 401(k) Plan on the first day of any quarter following their date of hire and attainment of age 21 ½ . Under the plan, the Company makes a matching contribution of a portion of the amount contributed by each participating employee, up to a percentage of the employee's annual salary. The plan allows for supplementary profit sharing contributions by the Company, at its discretion, for the benefit of participating employees. The total expense for this plan in 2013, 2012, and 2011 was $356, $321, and $299, respectively.

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