Employee Benefit Plans

9 Months Ended

Sep. 30, 2016

Employee Benefit Plans

Employee Benefit Plans

NOTE 6: Employee Benefit Plans

The Bank has a non-contributory cash balance pension plan for which the components of net periodic benefit cost are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands)	2016		2015		2016		2015
Components of net periodic benefit cost:
Service cost	$	262	$	267	$	785	$	801
Interest cost		130		117		390		351
Expected return on plan assets		(261)		(253)		(783)		(759)
Amortization of prior service cost		(15)		(14)		(45)		(42)
Recognized net actuarial loss		38		29		114		87
Net periodic benefit cost	$	154	$	146	$	461	$	438