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Cash Value of Life Insurance (Tables)
9 Months Ended
Sep. 30, 2016
Investments, All Other Investments [Abstract]  
Summary of Activity in Balance of Cash Value of Life Insurance

A summary of the activity in the balance of cash value of life insurance follows (in thousands):

 

     Nine months ended September 30,  
     2016      2015  

Beginning balance

   $ 94,560       $ 92,337   

Increase in cash value of life insurance

     2,086         2,121   

Death benefit receivable in excess of cash value

     238         —     

Death benefit receivable

     (1,603      —     
  

 

 

    

 

 

 

Ending balance

   $ 95,281       $ 94,458   
  

 

 

    

 

 

 

End of period death benefit

   $ 166,623       $ 166,380   

Number of policies owned

     187         189   

Insurance companies used

     14         14   

Current and former employees and directors covered

     59         60