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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Multiemployer Plan
 
 
 
Funding Status
of Pension Plan
 
FIP/RP Status
Pending/
Implemented
 
Surcharge
Imposed
 
Expiration
Date of
Collective-
Bargaining
Agreement
 
Minimum
Contributions
Required for
Future
Periods

EIN/Pension
Plan Number
 
2012
 
2011
 
Pentegra defined benefit plan for financial institutions
13-5645888/333
 
96.96%
as of
7/1/2012
 
81.44%
as of
7/1/2011
 
No
 
No
 
N/A
 
$
840,838

 
Schedule of Multiemployer Plan Contributions
The Company’s contributions to the Pension Plan were as follows for the periods indicated:

 
 
 
Plan Year Allocation
 
Cash Payment
 
2012-2013
 
2011-2012
 
2010-2011
 
2009-2010
 
(Dollars in thousands)
2012
$
234

 
$
234

 
$

 
$

 
$

2011
$
2,217

 
$

 
$
2,217

 
$

 
$

2010
$
1,794

 
$

 
$

 
$
1,657

 
$
137

Schedule of Supplemental Retirement Expense and Contributions Paid
The following table shows the supplemental retirement expense, and the contributions paid to the plan which were used only to pay the current year benefits as of the dates indicated:

 
2012
 
2011
 
2010
 
(Dollars in thousands)
Retirement expense
$
1,144

 
$
794

 
$
757

Contributions paid
253

 
253

 
253

Schedule of Expected Benefit Payments
The following table shows the benefits expected to be paid in each of the next five years, in the aggregate for the next five fiscal years thereafter and in the aggregate after those 10 years:

 
Supplemental Executive
Retirement Plans
Expected Benefit
Payment

(Dollars in thousands)
2013
$
247

2014
$
247

2015
$
282

2016
$
351

2017
$
345

2018-2022
$
1,972

2023 and later
$
22,744

Schedule of Supplemental Executive Retirement Plans
The following table illustrates the status of the supplemental executive retirement plans at December 31 for the years presented:
 
Supplemental Executive
Retirement Benefits
 
2012
 
2011
 
2010
 
(Dollars in thousands)
Change in accumulated benefit obligation
 
 
 
 
 
Benefit obligation at beginning of year
$
7,550

 
$
5,953

 
$
5,597

Benefit obligation acquired

 

 

Accumulated service cost
627

 
351

 
335

Interest cost
296

 
325

 
301

Plan amendment

 

 

Actuarial loss/(gain)
494

 
1,179

 
(27
)
Benefits paid
(253
)
 
(258
)
 
(253
)
Accumulated benefit obligation at end of year
$
8,714

 
$
7,550

 
$
5,953

Change in plan assets
 
 
 
 
 
Fair value of plan assets at beginning of year
$

 
$

 
$

Employer contribution
253

 
253

 
253

Benefits paid
(253
)
 
(253
)
 
(253
)
Fair value of plan assets at end of year
$

 
$

 
$

Funded status at end of year
$
(8,714
)
 
$
(7,550
)
 
$
(5,953
)
Assets

 

 

Liabilities
(8,714
)
 
(7,550
)
 
(5,953
)
Accrued benefit cost
$
(8,714
)
 
$
(7,550
)
 
$
(5,953
)
Amounts recognized in accumulated other comprehensive income (“AOCI”), net of tax
 
 
 
 
 
Net loss
$
1,276

 
$
1,056

 
$
336

Prior service cost
440

 
499

 
590

Amounts recognized in AOCI, net of tax
$
1,716

 
$
1,555

 
$
926

Information for plans with an accumulated benefit obligation in excess of plan assets
 
 
 
 
 
Projected benefit obligation
$
8,714

 
$
7,550

 
$
5,953

Accumulated benefit obligation
$
8,714

 
$
7,550

 
$
5,953

Net periodic benefit cost
 
 
 
 
 
Service cost
$
627

 
$
351

 
$
335

Interest cost
296

 
325

 
301

Amortization of prior service cost
113

 
112

 
113

Recognized net actuarial gain
108

 
4

 
6

Net periodic benefit cost
$
1,144

 
$
792

 
$
755

Amounts in accumulated other comprehensive income expected to be recognized in net periodic benefit cost over next fiscal year
 
 
 
 
 
Net actuarial (gain)/loss
$
151

 
$
103

 
$
(1
)
Net prior service cost
$
99

 
$
112

 
$
113

Discount rate used for benefit obligation
4.05
%
 
4.40
%
 
5.54
%
Discount rate used for net periodic benefit cost
4.40
%
 
5.54
%
 
5.49
%
Rate of compensation increase
n/a

 
n/a

 
n/a