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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Net periodic benefit cost for both the Executive Retirement Plan and the Outside Director Plan
Net periodic benefit cost for the Executive Retirement Plan for the three years in the period ended December 31, 2013 is comprised of the following:
 
Year Ended December 31,
(Dollars in thousands)
2013

 
2012

 
2011

Service cost
$
86

 
$
77

 
$
69

Interest cost
597

 
725

 
856

Amortization of prior service cost
(1,189
)
 
(723
)
 

Amortization of net gain
1,380

 
990

 
929

 
874

 
1,069

 
1,854

Net gain recognized in Accumulated other comprehensive income (loss)
(2,143
)
 
(1,240
)
 
(1,937
)
Total recognized in net periodic benefit gain and Accumulated other comprehensive income (loss)
$
(1,269
)
 
$
(171
)
 
$
(83
)
Change in benefit obligation
The following table sets forth the benefit obligations as of December 31, 2013 and 2012. 
 
Year Ended December 31,
(Dollars in thousands)
2013

 
2012

Benefit obligation at beginning of year
$
15,201

 
$
15,414

Service cost
86

 
77

Interest cost
597

 
725

Benefits paid
(42
)
 
(42
)
Unrecognized prior service cost

 
(2,120
)
Actuarial (gain) loss, net
(1,952
)
 
1,147

Benefit obligation at end of year
$
13,890

 
$
15,201

Amounts recognized in the Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets are as follows: 
 
Year Ended December 31,
(Dollars in thousands)
2013

 
2012

Net liabilities included in other liabilities
$
(13,941
)
 
$
(13,109
)
Amounts recognized in accumulated other comprehensive income (loss)
51

 
(2,092
)
Schedule of assumptions used
The Company's assumed discount rates and compensation increases, which are used to measure the year-end benefit obligations and earnings for the subsequent year related to the Executive Retirement Plan are detailed in the following table for the three years ended December 31, 2013:
 
2013

2012

2011

Discount rates
4.92
%
3.91
%
4.69
%
Compensation increases
2.7
%
2.7
%
2.7
%