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Employee benefit plans
 6 Months Ended
Jun. 30, 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.

For the three and six months ended June 30, salaries and employee benefits expense includes approximately $173 and $452 in 2015 and $584 and $834 in 2014 relating to the employee benefit plans.

Components of net periodic benefit cost are as follows:

 

     Pension Benefits  

Three months ended June 30,

    2015      2014  

Net periodic pension cost:

      

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 cost

    $ (9 )     $ (35 ) 
  

 

 

     

 

 

  
     Pension Benefits  

Six months ended June 30,

    2015      2014  

Net periodic pension cost:

      

Service cost

      

Interest cost

    $ 348       $ 338   

Expected return on plan assets

      (466 )       (454 ) 

Amortization of prior service cost

      

Amortization of unrecognized net loss

      100         46   
  

 

 

     

 

 

  

Net periodic pension cost

    $ (18 )     $ (70 )