Retirement Plans (Notes)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

Retirement Plans

The Company has a defined contribution retirement plan which covers substantially all employees and which provides for a Company contribution equal to 4% of each participant’s compensation and a Company matching contribution of up to 50% of the first 4% of pre-tax contributions made by each participant.  Employee contributions are limited to the 402(g) limit of compensation.  The total expense for the plan amounted to $1,089,000, $1,029,000 and $1,070,000 in 2014, 2013 and 2012, respectively.  The Company also has two agreements in place to pay $50,000 annually for 20 years from the retirement date to the surviving spouse of a deceased former senior officer of the Company and to one senior officer that retired December 31, 2013.  Total expense under these two agreements amounted to $15,000, $17,000 and $35,000 in 2014, 2013 and 2012, respectively. The current liability recorded for these two agreements was $785,000 and $871,000, as of December 31, 2014 and 2013, respectively.