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Employee benefit plans
 3 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee benefit plans

8. Employee benefit plans:

The Company provides an Employee Stock Ownership Plan (“ESOP”) and a Retirement Profit Sharing Plan. The Company also maintains a Supplemental Executive Retirement Plan (“SERP”), an Employees’ Pension Plan, which is currently frozen, and a Postretirement Plan Life Insurance plan which was curtailed in 2013.

Salaries and employee benefits expense includes approximately $279 and $250 relating to the employee benefit plans for the three months ended March 31, 2015 and 2014.

Components of net periodic benefit income are as follows:

 

     Pension Benefits  

Three months ended March 31,

    2015      2014  

Net periodic pension income:

      

Service cost

      

Interest cost

    $ 174       $ 169   

Expected return on plan assets

      (233 )       (227 ) 

Amortization of prior service cost

      

Amortization of unrecognized net loss

      50         23   
  

 

 

     

 

 

  

Net periodic pension income

 $ (9 )  $ (35 )