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Retirement Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Net periodic pension cost
Net periodic pension cost for the years ended December 31, 2013, 2012 and 2011 was as follows:
 
2013
 
2012
 
2011
 
Underfunded
 
Underfunded
 
Underfunded
Interest cost
$
259

 
$
287

 
$
303

Expected return on assets
(333
)
 
(236
)
 
(235
)
Amortization of net loss
111

 
101

 
64

Net periodic pension cost
$
37

 
$
152

 
$
132
Reconciliation of changes in projected benefit obligations
The reconciliation of changes in projected benefit obligations are as follows:
 
2013
 
2012
Accumulated benefit obligation at beginning of year
$
7,109

 
$
6,591

Interest cost
259

 
287

Actuarial (gain) loss
(738
)
 
670

Expenses paid
(74
)
 
(31
)
Benefits paid
(406
)
 
(408
)
Accumulated benefit obligation at end of year
$
6,150

 
$
7,109
Assumptions used to determine the net periodic benefit cost and benefit obligations
The assumptions used to determine the net periodic benefit cost and benefit obligations are as follows:
 
2013
 
2012
 
2011
Discount rate for net periodic pension cost
3.75
%
 
4.50
%
 
5.25
%
Discount rate for benefit obligations
4.70
%
 
3.75
%
 
4.50
%
Expected long-term return of plan assets
8.00
%
 
8.00
%
 
8.00
%
Change in the fair value of the plan’s assets
The following table reflects the change in the fair value of the plan’s assets:
 
2013
 
2012
Fair value of plan assets at beginning of year
$
4,528

 
$
3,731

Actual return on plan assets
1,165

 
575

Company contributions
364

 
661

Expenses paid
(74
)
 
(31
)
Benefits paid
(406
)
 
(408
)
Fair value of plan assets at end of year
$
5,577

 
$
4,528
The weighted average asset allocations
The weighted average asset allocations at December 31, 2013 and 2012 are as follows:
 
2013
 
2012
U.S. Equities securities
82
%
 
79
%
U.S. Debt securities
17
%
 
20
%
Cash
1
%
 
1
%
Total
100
%
 
100
%
Reconciliation of the funded status of the plan
The following table provides a reconciliation of the funded status of the plan at December 31, 2013 and 2012:
 
2013
 
2012
Projected benefit obligation
$
6,150

 
$
7,109

Plan assets at fair value
5,577

 
4,528

Funded status
$
(573
)
 
$
(2,581
)
Benefit payments projected for the plan
Benefit payments projected for the plan are as follows: 
2014
$
399

2015
382

2016
381

2017
376

2018
366

2019-2023
1,864