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BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Unearned Performance-based Restricted Stock
Shares
Outstanding, beginning of year
24,000

Awarded

Earned
(12,000
)
Forfeited

Outstanding, end of year
12,000

Schedule of Share-based Compensation, Stock Options, Activity
Aggregate information regarding the activity for the Company’s employee stock options as of December 31, 2013 is as follows:
Stock Options Outstanding
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average
Contractual Life
 
Aggregate
Intrinsic Value
Balance, beginning of year
1,045,226

 
$
16.12

 
2.74
 
$
19,628

Exercised
(17,063
)
 
$
(5.99
)
 
 
 
 
Forfeited and/or expired
(13,000
)
 
$
(18.67
)
 
 
 
 
Balance, end of year
1,015,163

 
$
16.26

 
1.72
 
$
50,250

 
 
 
 
 
 
 
 
Exercisable, December 31, 2013
1,015,163

 
$
16.26

 
 
 
 

Available for grant
637,272

(1) 
 

 
 
 
 

 
(1)
The shares available for grant are reduced by restricted stock award grants, net of forfeitures.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes the activity for nonvested restricted stock (excluding performance-based awards) during 2013. All options outstanding are vested.
 
Shares
 
Weighted Average
Grant Date
Fair Value
Nonvested Restricted Stock
 

 
 

Outstanding, beginning of year
600,352

 
$
5.79

Granted
39,081

 
$
8.57

Vested and issued
(238,024
)
 
$
(5.27
)
Forfeited
(5,215
)
 
$
(5.59
)
Outstanding, end of year
396,194

 
$
6.38

Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity
Aggregate information regarding the Company’s three director plans at December 31, 2013 was as follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Director Units
 
 
 
Outstanding, beginning of year
244,683

 
$
6.38

Granted
17,863

 
$
8.82

Issued

 
$

Forfeited

 
$

Outstanding, end of year
262,546

 
$
6.55

 
 
 
 
Vested units
237,121

 
$
6.39

Available for grant
172,483

 
 

Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Nonvested Activity
The following table summarizes the activity for outstanding nonvested director units during 2013:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Nonvested Director Units
 
 
 
Outstanding, beginning of year
25,558

 
$
6.16

Granted
17,863

 
$
8.82

Vested
(17,996
)
 
$
(6.25
)
Forfeited

 
$

Outstanding, end of year
25,425

 
$
7.96

Components of Net Periodic Benefit Costs for the SERP
The components of net periodic benefit costs for the SERP were as follows (in thousands):
 
Years Ended December 31,
 
2013
 
2012
 
2011
Interest cost
$
225

 
$
275

 
$
354

Less: expected return on plan assets
(100
)
 
(75
)
 
(67
)
Plus: Amortization of unrecognized loss
381

 
295

 
305

Net cost
$
506

 
$
495

 
$
592

Reconciliation of SERP Benefit Obligation and Fair Value of Plan Assets, Comprised Entirely of Equity Securities and Funded Status of SERP Liability
The reconciliation of the beginning and ending balances for the SERP benefit obligation and fair value of plan assets, comprised entirely of equity securities, as well as the funded status of the Company’s SERP liability, is as follows (in thousands):
 
December 31,
 
2013
 
2012
Projected benefit obligation, beginning of year
$
8,471

 
$
8,313

Interest cost
226

 
296

Actuarial loss
(288
)
 
700

Benefit payments
(838
)
 
(838
)
Projected benefit obligation, end of year
$
7,571

 
$
8,471

 
 
 
 
Fair value of plan assets, beginning of year
$
1,665

 
$
1,176

Actual gain on plan assets
908

 
489

Fair value of plan assets, end of year
$
2,573

 
$
1,665

 
 
 
 
Unfunded status
$
(4,998
)
 
$
(6,806
)
Unrecognized net actuarial loss
3,879

 
5,355

Net accrued cost
$
(1,119
)
 
$
(1,451
)
 
 
 
 
Amounts recognized in the consolidated balance sheets consist of:
 

 
 

Accrued benefit liability
$
(4,998
)
 
$
(6,806
)
Accumulated other comprehensive loss
2,026

(1) 
3,030

Deferred tax asset
1,853

 
2,325

Net liability recognized
$
(1,119
)
 
$
(1,451
)
 
(1)
The estimated net loss for the plan that is expected to be amortized from accumulated other comprehensive loss into net periodic pension benefit cost over the next year is $279,000.
Fair Value of Paln Asset by Level Within the Fair Value Hierarchy
As of December 31, 2013, the fair value of the SERP plan asset by level within the fair value hierarchy was as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Asset:
 
 
 
 
 
 
 
Equity securities - TBBK
$
2,573

 
$

 
$

 
$
2,573

Schedule of Expected Benefit Payments
The SERP is expected to make benefit payments based on the same assumptions used to measure the Company’s benefit obligation at December 31, 2013 (2.8% discount rate, 6% expected return on assets) over the next five years ending December 31, and thereafter, as follows (in thousands):
 
2014
$
831

 
 
2015
801

 
 
2016
775

 
 
2017
745

 
 
2018
714

 
 
Thereafter
2,994

 
 
Total
$
6,860