Benefit Plans

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(Dollars in thousands)
Components of net periodic benefit cost:
Service cost	$	134	$	216	$	400	$	648
Interest cost		259		221		777		663
Amortization of net actuarial loss		60		96		180		288
Net periodic benefit cost	$	453	$	533	$	1,357	$	1,599

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:

	September 30, 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		186		169
Amortization of net actuarial loss		—		1,405
Projected benefit obligation at end of period	$	6,401	$	6,215

	September 30, 2016		December 31, 2015
	(Dollars in thousands)
Net actuarial loss	$	2,253	$	2,147
Prior transition obligation		1,351		1,418
Accumulated other comprehensive loss	$	3,604	$	3,565

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(Dollars in thousands)
Amortization of prior transition obligation	$	(13	)	$	(28	)	$	(39	)	$	(84	)
Interest cost		62			42			186			126
Net periodic benefit cost	$	49		$	14		$	147		$	42