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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2014
Supplemental Executive Retirement Plan [Member]  
Actuarial Assumptions Used to Determine the Actuarial Present Value of Projected Benefit Obligations
The following represents the actuarial assumptions used to determine the actuarial present value of projected benefit obligations at:
 
DECEMBER 31,
 
2014
 
2013
Discount rate
3.75
%
 
3.75
%
Expected long-term rate of return on plan assets
%
 
%
Rate of future compensation increase
4.00
%
 
4.00
%
Components of Net Periodic Benefit Cost
The following represents the components of net periodic benefit cost for the years ended (in thousands):
 
DECEMBER 31,
 
2014
 
2013
 
2012
Service cost
$
1,164

 
$
2,018

 
$
2,087

Interest cost
294

 
471

 
560

Amortization of actuarial loss

 
97

 
164

Settlement loss

 
24

 

Net periodic benefit cost
$
1,458

 
$
2,610

 
$
2,811

Changes in the Benefit Obligation
The following represents the changes in the benefit obligation for the years ended (in thousands):
 
DECEMBER 31,
 
2014
 
2013
Projected benefit obligation, beginning
$
7,852

 
$
19,658

Service cost
1,164

 
2,018

Interest cost
294

 
471

Actuarial experience and changes in actuarial assumptions
887

 
(1,475
)
Curtailment

 
(2,138
)
Benefits Paid

 
(10,682
)
Projected benefit obligation, ending
$
10,197

 
$
7,852

Projected Annual Benefit Payment
Undiscounted benefit payments by the SERP, which reflect the anticipated future service of participants, expected to be paid are as follows (in thousands):
 
PROJECTED ANNUAL
BENEFIT PAYMENTS
2015
$

2016

2017

2018

2019
9,187

2020-2024

Thereafter
4,081

Supplemental Executive Retirement Health Plan [Member]  
Components of Net Periodic Benefit Cost
The following represents the components of net periodic post-retirement benefit cost for the years ended (in thousands):
 
DECEMBER 31,
 
2014
 
2013
 
2012
Service cost
$
174

 
$
649

 
$
919

Interest cost
78

 
134

 
150

Amortization of actuarial loss

 
86

 
272

Settlement/curtailment loss/(gain)
725

 
(359
)
 

Net periodic benefit cost
$
977

 
$
510

 
$
1,341

Changes in the Benefit Obligation
The following represents the changes in the post-retirement benefit obligation for the years ended (in thousands):
 
DECEMBER 31,
 
2014
 
2013
Accumulated post-retirement benefit obligation, beginning
$
2,674

 
$
3,574

Service cost
174

 
649

Interest cost
78

 
134

Actuarial experience and changes in actuarial assumptions
234

 
(834
)
Settlement/curtailment loss/(gain)
725

 
(785
)
Benefits Paid
(3,885
)
 
(64
)
Accumulated post-retirement benefit obligation, ending
$

 
$
2,674

Weighted Average [Member] | Supplemental Executive Retirement Plan [Member]  
Actuarial Assumptions Used to Determine Net Periodic Benefit Cost
The following represents the weighted average actuarial assumptions used to determine net periodic benefit cost for the years ended:
 
DECEMBER 31,
 
2014
 
2013
 
2012
Discount rate
3.75
%
 
2.50
%
 
3.25
%
Expected long-term rate of return on plan assets
%
 
%
 
%
Rate of future compensation increase
4.00
%
 
4.00
%
 
4.00
%