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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2015
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
 
2015
 
2014
 
Pentegra defined benefit plan for financial institutions
13-5645888/333
 
At least 80 percent
 
At least 80 percent
 
No
 
No
 
N/A
 
$

 
Schedule of Multiemployer Plan Contributions
The Company’s contributions to the Pension Plans were as follows for the periods indicated:
 
 
 
Plan Year Allocation
 
 
 
Cash Payment
 
2015-2016
 
2014-2015
 
2013-2014
 
2012-2013
 
(Dollars in thousands)
2015
$
2,983

 
$
2,983

 
$

 
$

 
$

2014
$
1,320

 
$

 
$
1,320

 
$

 
$

2013
$
2,603

 
$

 
$

 
$
1,762

 
$
841

Schedule of Supplemental Retirement Expense and Contributions Paid
The following table shows the defined benefit supplemental retirement expense, and the contributions paid to the plans which were used only to pay the current year benefits as of the dates indicated:
 
2015
 
2014
 
2013
 
(Dollars in thousands)
Retirement expense
$
1,834

 
$
954

 
$
1,049

Contributions paid
$
276

 
$
271

 
$
253

Schedule of Expected Benefit Payments
 
Defined Benefit Supplemental Executive
Retirement Plans
Expected Benefit
Payments

(Dollars in thousands)
2016
$
431

2017
$
425

2018
$
460

2019
$
509

2020
$
500

2021-2025
$
4,348

Schedule of Supplemental Executive Retirement Plans
The following table illustrates the status of the defined benefit supplemental executive retirement plans at December 31 for the years presented:
 
Defined Benefit Supplemental Executive
Retirement Benefits
 
2015
 
2014
 
2013
 
(Dollars in thousands)
Change in accumulated benefit obligation
 
 
 
 
 
Benefit obligation at beginning of year
$
12,537

 
$
8,243

 
$
8,714

Accumulated service cost
742

 
397

 
429

Interest cost
470

 
390

 
409

Plan amendment

 
1,357

 

Actuarial loss/(gain)
(183
)
 
2,421

 
(1,056
)
Benefits paid
(276
)
 
(271
)
 
(253
)
Accumulated benefit obligation at end of year
$
13,290

 
$
12,537

 
$
8,243

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

 
$

 
$

Employer contribution
276

 
271

 
253

Benefits paid
(276
)
 
(271
)
 
(253
)
Fair value of plan assets at end of year
$

 
$

 
$

Funded status at end of year
$
(13,290
)
 
$
(12,537
)
 
$
(8,243
)
Assets

 

 

Liabilities
(13,290
)
 
(12,537
)
 
(8,243
)
Accrued benefit cost
$
(13,290
)
 
$
(12,537
)
 
$
(8,243
)
Amounts recognized in accumulated other comprehensive income (“AOCI”)
 
 
 
 
 
Net loss
$
2,859

 
$
3,305

 
$
938

Prior service cost
1,599

 
1,904

 
659

Amounts recognized in AOCI
$
4,458

 
$
5,209

 
$
1,597

Information for plans with an accumulated benefit obligation in excess of plan assets
 
 
 
 
 
Projected benefit obligation
$
13,290

 
$
12,537

 
$
8,243

Accumulated benefit obligation
$
13,290

 
$
12,537

 
$
8,243

Net periodic benefit cost
 
 
 
 
 
Service cost
$
742

 
$
397

 
$
429

Interest cost
470

 
390

 
409

Amortization of prior service cost
305

 
113

 
113

Recognized net actuarial loss
317

 
54

 
155

Net periodic benefit cost
$
1,834

 
$
954

 
$
1,106

Amounts in accumulated other comprehensive income expected to be recognized in net periodic benefit cost over next fiscal year
 
 
 
 
 
Net actuarial loss
$
270

 
$
309

 
$
18

Net prior service cost
$
276

 
$
947

 
$
113

Discount rate used for benefit obligation
2.49-4.16%

 
2.24-3.84%

 
4.95
%
Discount rate used for net periodic benefit cost
2.24-3.84%

 
2.43-4.76%

 
4.05
%
Rate of compensation increase
n/a

 
n/a

 
n/a