Benefit Plans

6 Months Ended

Jun. 30, 2016

Benefit Plans

Benefit Plans

9) Benefit Plans

Supplemental Retirement Plan

        The Company has a supplemental retirement plan (the "Plan") covering some current and some former key employees and directors. The Plan is a nonqualified defined benefit plan. Benefits are unsecured as there are no Plan assets. The following table presents the amount of periodic cost recognized for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(Dollars in thousands)
Components of net periodic benefit cost:
Service cost	$	133	$	216	$	266	$	432
Interest cost		259		221		518		442
Amortization of net actuarial loss		60		96		120		192
Net periodic benefit cost	$	452	$	533	$	904	$	1,066

Split-Dollar Life Insurance Benefit Plan

        The Company maintains life insurance policies for some current and some former directors and officers that are subject to split-dollar life insurance agreements. The following table sets forth the funded status of the split-dollar life insurance benefits for the periods indicated:

	June 30, 2016		December 31, 2015
	(Dollars in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	6,215	$	4,641
Interest cost		124		169
Amortization of net actuarial loss		—		1,405
Projected benefit obligation at end of period	$	6,339	$	6,215

	June 30, 2016		December 31, 2015
	(Dollars in thousands)
Net actuarial loss	$	2,218	$	2,147
Prior transition obligation		1,373		1,418
Accumulated other comprehensive loss	$	3,591	$	3,565

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(Dollars in thousands)
Amortization of prior transition obligation	$	(13	)	$	(44	)	$	(26	)	$	(56	)
Interest cost		62			34			124			84
Net periodic benefit cost	$	49		$	(10	)	$	98		$	28