EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

The Company sponsors unfunded, non-qualified SERPs for certain officers and provides medical and life insurance to certain eligible retired employees. The components of net period benefit cost for the periods ended September 30, 2014 and 2013 were as follows:

Supplemental Executive Retirement Plan:

	Three Months Ended   September 30,				Nine Months Ended September 30,
Net period benefit cost	2014		2013		2014		2013
Service cost	$	67	$	82	$	201	$	246
Interest cost	114		94		342		282
Recognized net actuarial loss	35		56		105		168
Recognized prior service cost	5		5		15		15
Net period benefit cost(1)	$	221	$	237	$	663	$	711

(1) Presented within the consolidated statements of income within salaries and employee benefits.

Other Postretirement Benefit Plan:

	Three Months Ended September 30,					Nine Months Ended September 30,
Net period benefit cost	2014			2013		2014			2013
Service cost	$	11		$	19	$	33		$	57
Interest cost	33			35		99			105
Recognized net actuarial loss	2			11		6			33
Recognized prior service credit	(5		)	—		(15		)	—
Net period benefit cost(1)	$	41		$	65	$	123		$	195

(1) Presented within the consolidated statements of income within salaries and employee benefits.

In the first quarter of 2014, the Company amended its terms of the postretirement plan impacting the eligibility of employees. The amendment to the plan does not have a material effect on the Company's consolidated financial statements.