Employee benefit plans

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

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 nine months ended September 30, salaries and employee benefits expense includes approximately $368 and $820 in 2015 and $581 and $1,744 in 2014 relating to the employee benefit plans.

Components of net periodic benefit cost are as follows:


	Postretirement Life
	Insurance Benefits
	Pension Benefits
Three Months Ended September 30,	2015		2014
Components of net periodic pension cost:
Service cost	$	174	$	169
Interest cost		(233)		(227)
Amortization of unrecognized net gain		50		23
Net periodic other benefit cost	$	(9)	$	(35)

	Pension Benefits
Nine Months Ended September 30,	2015		2014
Components of net periodic pension cost:
Service cost	$	522	$	507
Interest cost		(699)		(681)
Amortization of unrecognized net gain		150		69
Net periodic other benefit cost	$	(27)	$	(105)