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Retirement Benefit Plans
 3 Months Ended
Mar. 31, 2014
Retirement Benefit Plans [Abstract]  
Retirement Benefit Plans

Note 8: 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 recognized the net present value of payments associated with the agreements over the service periods of the participating officers. Interest costs continue to be recognized on the benefit obligations.

The Company also has a supplemental executive retirement agreement with a certain current executive officer. This agreement provides a stream of future payments in accordance with a defined vesting schedule upon retirement, termination, or upon a change of control.

The following table summarizes the net periodic benefit costs for the three months ended March 31, 2014, and 2013:

    Supplemental Executive  
    Retirement Plans  
 
Three Months Ended March 31,   2014   2013  
 
Service cost $ 16 $ 91  
Interest cost   37   30  
Net amortization of prior service cost and actuarial (gain)/loss --   (82 )
Actuarial loss on supplemental executive retirement plan, net of tax   7   15  
Net periodic benefit cost $ 60 $ 54  

 

The Company is expected to recognize $241 of expense for the foregoing plans for the year ended December 31, 2014. The Company is expected to contribute $331 to the foregoing plans in 2014. As of March 31, 2014, the Company had contributed $74.