Employee benefit plans

3 Months Ended

Mar. 31, 2016

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 months ended March 31, salaries and employee benefits expense includes approximately $274 in 2016 and $279 in 2015 relating to the employee benefit plans.

Components of net periodic benefit cost are as follows:


	Pension Benefits
Three Months Ended March 31,	2016		2015
Components of net periodic pension cost:
Service cost	$	166	$	174
Interest cost		(223)		(233)
Amortization of unrecognized net gain		52		50
Net periodic other benefit cost	$	(5)	$	(9)