Bank Owned Life Insurance and Annuities (Tables)

12 Months Ended

Dec. 31, 2014

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 2014 and 2013 are shown below (in thousands):

		Life Insurance		Deferred Annuities		Payout Annuities		Total
Balance as of January 1, 2013	$	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
Earnings		339		15		-		354
Premiums on existing policies		46		14		-		60
Annuity payments received		-		-		(5)		(5)
Net proceeds from life insurance claim		(450)		-		-		(450)
Balance as of December 31, 2014	$	14,397	$	410	$	-	$	14,807