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Deferred Compensation Plans
 12 Months Ended
Dec. 31, 2019
Postemployment Benefits [Abstract]  
Deferred Compensation Plans Deferred Compensation Plans

Deferred compensation plans cover all directors and certain officers. Under the plans, the Corporation pays each participant, or their beneficiary, the value of the participant’s account over a maximum period of 10 years, beginning with the individual’s termination of service. A liability is accrued for the obligation under these plans.
 
A summary of changes in the deferred compensation plan liability follows:
 
2019
 
2018
 
2017
Balance, beginning of year
$
2,408

 
$
2,503

 
$
2,080

Deferrals, dividends, and changes in fair value recorded as an expense
904

 
64

 
444

Deferred compensation payments
(78
)
 
(159
)
 
(21
)
Balance, end of year
$
3,234

 
$
2,408

 
$
2,503