XML 38 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Deferred Compensation Plans
 12 Months Ended
Dec. 31, 2020
Postemployment Benefits [Abstract]  
Deferred Compensation Plans Deferred Compensation Plans
Deferred compensation plans cover all directors and certain officers. Under the plans, the Corporation pays each participant, or their beneficiary, the value of the participant’s account over a maximum period of 10 years, beginning with the individual’s termination of service. A liability is accrued for the obligation under these plans.
A summary of changes in the deferred compensation plan liability follows:
December 31, 2020December 31, 2019December 31, 2018
Balance, beginning of year$3,234 $2,408 $2,503 
Deferrals, dividends, and changes in fair value(70)904 64 
Deferred compensation payments(79)(78)(159)
Balance, end of year$3,085 $3,234 $2,408