XML 91 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Executive Salary Continuation Plan [Member]
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Pension benefit plans
The Bank uses a December 31 measurement date for these plans.
 

   
For the Year Ended December 31,
 
   
2013
  
2012
  
2011
 
           
Change in benefit obligation
         
Benefit obligation at beginning of year
 $3,590  $3,132  $2,723 
Service cost
  170   146   132 
Interest cost
  117   124   138 
Plan loss
  (186)  364   315 
Benefits Paid
  (176)  (176)  (176)
Benefit obligation at end of year
  3,515   3,590   3,132 
              
Change in plan assets
            
Employer Contribution
  176   176   176 
Benefits Paid
  (176)  (176)  (176)
Fair value of plan assets at end of year
 $  $  $ 
              
Reconciliation of funded status
            
Funded status
 $(3,515) $(3,590) $(3,132)
Unrecognized net plan loss
  459   683   319 
Unrecognized prior service cost
  340   429   517 
Net amount recognized
 $(2,716) $(2,478) $(2,296)
              
Amounts recognized in the consolidated
            
balance sheets consist of:
            
Accrued benefit liability
 $(3,515) $(3,590) $(3,132)
Accumulated other comprehensive income
  799   1,112   836 
Net amount recognized
 $(2,716) $(2,478) $(2,296)
Components of net periodic benefit cost
For the Year Ended December 31,
 
   
2013
  
2012
  
2011
 
           
Components of net periodic benefit cost
         
Service cost
 $170  $146  $132 
Interest cost
  117   124   138 
Amortization of prior service cost
  88   88   88 
Recognized actuarial loss
  38       
Net periodic benefit cost
  413   358   358 
Additional amounts recognized
         
Total benefit cost
 $413  $358  $358 
              
              
Additional Information
            
Minimum benefit obligation at year end
 $3,515  $3,590  $3,132 
    (Decrease) increase in minimum liability included  in other comprehensive income
 $(313) $276  $227
Assumptions used to determine benefit obligations
Assumptions used to determine benefit obligations at December 31
 
2013
  
2012
  
2011
 
           
Discount rate used to determine net periodic benefit cost for years ended December 31
  3.20%  3.90%  5.00%
              
Discount rate used to determine benefit obligations at December 31
  4.30%  3.20%  3.90%
              
Future salary increases
  4.00%  4.00%  4.00%
Expected future services expected to be paid in future fiscal years
For unfunded plans, contributions to the Salary Continuation Plan are the benefit payments made to participants. The Bank paid $176 in benefit payments during fiscal 2013. The following benefit payments, which reflect expected future service, are expected to be paid in future fiscal years:
 
     
Year ending December 31,
 
Pension Benefits
 
     
2014
 $188 
2015
  226 
2016
  281 
2017
  272 
2018
  272 
2019-2023
  1,483
Directors' Retirement Plan [Member]
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Pension benefit plans
The Bank uses a December 31 measurement date for the Directors’ Retirement Plan.

   
For the Year Ended December 31,
 
   
2013
  
2012
  
2011
 
           
Change in benefit obligation
         
Benefit obligation at beginning of year
 $743  $701  $597 
Service cost
  25   24   23 
Interest cost
  24   27   30 
Plan loss (gain)
  (62)   (1)   66 
Benefits paid
  (15)  (8)  (15)
Benefit obligation at end of year
 $715  $743  $701 
              
Change in plan assets
            
Employer contribution
 $15  $8  $15 
Benefits paid
  (15)  (8)  (15)
Fair value of plan assets at end of year
 $  $  $ 
              
Reconciliation of funded status
            
Funded status
 $(715) $(743) $(701)
Unrecognized net plan loss
  (75)  (12)  (11)
Net amount recognized
 $(790) $(755) $(712)
              
Amounts recognized in the statement of financial position consist of:
            
Accrued benefit liability
 $(715) $(743) $(701)
Accumulated other comprehensive income
  (75)  (12)  (11)
Net amount recognized
 $(790) $(755) $(712
Components of net periodic benefit cost
For the Year Ended December 31,
 
   
2013
  
2012
  
2011
 
           
Components of net periodic benefit cost
         
Service cost
 $25  $24  $23 
Interest cost
  24   27   30 
Recognized actuarial (gain)loss
        (3)
Net periodic benefit cost
  49   51   50 
Additional amounts recognized
         
Total benefit cost
 $49  $51  $50 
              
              
Additional Information
            
Minimum benefit obligation at year end
 $715  $743  $701 
(Decrease) increase in minimum liability included in other comprehensive loss
 $(63)  $(1)  $68
Assumptions used to determine benefit obligations
Assumptions used to determine benefit obligations at December 31
 
2013
  
2012
  
2011
 
           
Discount rate used to determine net periodic benefit cost for years ended December 31
  3.20%  3.80%  4.90%
              
Discount rate used to determine benefit obligations at December 31
  4.10%  3.20%  3.80%
Expected future services expected to be paid in future fiscal years
The following benefit payments, which reflect expected future service, are expected to be paid in future fiscal years:
 
     
Year ending December 31,
 
Pension Benefits
 
     
2014
 $15 
2015
  16 
2016
  30 
2017
  44 
2018
  55 
2019-2023
  346