SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014		2013
Change in benefit obligation:
Benefit obligation, beginning of year	$	9,436	$	9,837
Service cost	669		646
Interest cost	426		343
Actuarial loss (gain)	385		(1,390		)
Benefit obligation, end of year	10,916		9,436
Fair value of plan assets	—		—
Unfunded status of the plan, end of year	$	10,916	$	9,436
Current liability	—		—
Noncurrent liability	$	10,916	$	9,436

Components of net periodic pension cost

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

	Year Ended December 31,
	2014		2013		2012
Service cost	$	669	$	646	$	601
Interest cost	426		343		371
Amortization of prior service cost	584		584		584
Amortization of loss	—		92		44
Total net periodic benefit cost	$	1,679	$	1,665	$	1,600

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,
	2014	2013
Discount rate	3.57%	4.51%
Rate of compensation increases	3.50%	3.50%

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

	Year Ended December 31,
	2014	2013	2012
Discount rate	4.51%	3.49%	4.44%
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 2015 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
2015	$	—
2016	—
2017	807
2018	845
2019	845
2020-2024	5,765
Thereafter	13,841