XML 115 R96.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Benefit Plans (Details Narrative) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Matching contributions to 401(k) plan cost $ 180 $ 168 $ 140
Post-retirement Benefits Plan [Member]      
Benefit expense (18) 2 (20)
Benefit obligation 148 127  
Deferred Compensation Plans - Directors [Member]      
Benefit expense 7 12 12
Benefit obligation $ 138 173  
Description of benefit plan

A deferred director compensation plan covers former directors, which was acquired by ChoiceOne in 2006. Under the plan, ChoiceOne pays each former director the amount of director fees deferred plus interest at rates ranging from 5.50% to 5.84% over various periods as elected by each director. The payout periods range from one month to ten years beginning with the individual’s termination of service.

    
Deferred Compensation Plans - Executive Officers [Member]      
Benefit expense $ 19 32 $ (42)
Benefit obligation $ 558 $ 618  
Description of benefit plan

A supplemental executive retirement plan covers four former executive officers. Under the plan, ChoiceOne pays these individuals a specific amount of compensation plus interest at 7.50% over a 15-year period commencing upon early retirement age (as defined in the plan) or normal retirement age (as defined in the plan).