SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Information relating to the Company's plan

Information relating to the Company’s plan is as follows (in thousands):

	Year Ended December 31,
	2013			2012
Change in benefit obligation:
Benefit obligation, beginning of year	$	9,837		$	8,423
Service cost	646			601
Interest cost	343			371
Actuarial (gain) loss	(1,390		)	442
Benefit obligation, end of year	9,436			9,837
Fair value of plan assets	—			—
Unfunded status of the plan, end of year	$	9,436		$	9,837
Current liability	—			—
Noncurrent liability	$	9,436		$	9,837

Components of net periodic pension cost

The components of net periodic pension cost were as follows (in thousands):

	Year Ended December 31,
	2013		2012		2011
Service cost	$	646	$	601	$	542
Interest cost	343		371		385
Amortization of prior service cost	584		584		584
Amortization of loss	92		44		16
Total net periodic benefit cost	$	1,665	$	1,600	$	1,527

Assumptions used to determine benefit obligation and net periodic pension cost

Assumptions used to determine the year end benefit obligation were as follows:

	Year Ended December 31,
	2013	2012
Discount rate	4.51%	3.49%
Rate of compensation increases	3.50%	3.50%

Assumptions used to determine the net periodic pension cost were as follows:

	Year Ended December 31,
	2013	2012	2011
Discount rate	3.49%	4.44%	5.44%
Rate of compensation increases	3.50%	3.50%	3.50%

Amounts to be amortized from accumulated other comprehensive loss into net periodic pension cost in next fiscal year

The estimated amounts to be amortized from accumulated other comprehensive loss into the net periodic pension cost in 2014 are as follows (in thousands):

Amortization of prior service cost	$	584
Amortization of gain/loss	—
Total	$	584

Benefit payments expected to be paid

Benefit payments, which reflect estimated future service, are currently expected to be paid as follows (in thousands):

Year	Projected Benefits
2014	$	—
2015	336
2016	403
2017	816
2018	853
2019-2023	5,256
Thereafter	14,438