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Bank Owned Life Insurance and Annuities (Tables)
 12 Months Ended
Dec. 31, 2013
Bank Owned Life Insurance and Annuities [Abstract]  
Summary of Changes in Cash Value of BOLI and Annuities

Changes in cash value of BOLI and annuities in 2013 and 2012 are shown below (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life Insurance

 

 

Deferred Annuities

 

 

Payout Annuities

 

 

Total

Balance as of December 31, 2011

$
13,718 

 

$
327 

 

$
24 

 

$
14,069 

Earnings

 
409 

 

 
13 

 

 
1 

 

 
423 

Premiums on existing policies

 
56 

 

 
14 

 

 

 -

 

 
70 

Annuity payments received

 

 -

 

 

 -

 

 
(13)

 

 
(13)

Net proceeds from life insurance claim

 
(147)

 

 

 -

 

 

 -

 

 
(147)

Balance as of December 31, 2012

 
14,036 

 

 
354 

 

 
12 

 

 
14,402 

Earnings

 
372 

 

 
13 

 

 
1 

 

 
386 

Premiums on existing policies

 
54 

 

 
14 

 

 

 -

 

 
68 

Annuity payments received

 

 -

 

 

 -

 

 
(8)

 

 
(8)

Balance as of December 31, 2013

$
14,462 

 

$
381 

 

$
5 

 

$
14,848