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Note 10 - Deferred Compensation Plans
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]
10.
DEFERRED COMPENSATION PLANS
 
The Bank has entered into supplemental retirement compensation benefits agreements with certain directors and executive officers.  The measurement of the liability under these agreements includes estimates involving life expectancy, length of time before retirement and the expected returns on the bank-owned life insurance policies used to fund those agreements. Should these estimates prove materially wrong, the cost of these agreements could change accordingly. The
related deferred compensation obligation to these directors and executive officers included in other liabilities was
$3.5
million as of both
March
31,
2017
and
December
31,
2016.
 
Non-employee directors
may
elect to defer payment of all or any
portion of their Bancshares and Bank director fees under Bancshares’ Non-Employee Directors’ Deferred Compensation Plan (the “Deferral Plan”). The Deferral Plan, which was ratified by shareholders at the annual meeting held on
May
11,
2004,
permits non-employee directors to invest their directors’ fees and to receive the adjusted value of the deferred amounts in cash and/or shares of Bancshares’ common stock. Neither Bancshares nor the Bank makes any contribution to participants’ accounts under the Deferral Plan.