Benefit Plans

3 Months Ended

Mar. 31, 2016

Benefit Plans

Benefit Plans

9) Benefit Plans

Supplemental Retirement Plan

        The Company has a supplemental retirement plan (the "Plan") covering some current and some former key employees and directors. The Plan is a nonqualified defined benefit plan. Benefits are unsecured as there are no Plan assets. The following table presents the amount of periodic cost recognized for the periods indicated:

	Three Months Ended March 31,
	2016		2015
	(Dollars in thousands)
Components of net periodic benefit cost:
Service cost	$	133	$	216
Interest cost		259		221
Amortization of net actuarial loss		60		96
Net periodic benefit cost	$	452	$	533

Split-Dollar Life Insurance Benefit Plan

        The Company maintains life insurance policies for some current and some former directors and officers that are subject to split-dollar life insurance agreements. The following table sets forth the funded status of the split-dollar life insurance benefits for the periods indicated:

	March 31, 2016		December 31, 2015
	(Dollars in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	6,215	$	4,641
Interest cost		62		169
Amortization of net actuarial loss		—		1,405
Projected benefit obligation at end of period	$	6,277	$	6,215

	March 31, 2016		December 31, 2015
	(Dollars in thousands)
Net actuarial loss	$	2,183	$	2,147
Prior transition obligation		1,395		1,418
Accumulated other comprehensive loss	$	3,578	$	3,565

	For the Three Months Ended March 31,
	2016			2015
	(Dollars in thousands)
Amortization of prior transition obligation	$	(13	)	$	(12	)
Interest cost		62			50
Net periodic benefit cost	$	49		$	38