Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v2.4.0.8
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2013
Employee Benefit Plans [Abstract]  
Components of net periodic benefit costs, Defined benefit pension plan

The components of the net periodic benefit costs for the Company’s qualified benefit pension plan were as follows:

 

    Three Months Ended June 30,   Six Months Ended June 30,
(Dollars in Thousands)   2013   2012   2013   2012
Service Cost   $ 1,875     $ 1,750     $ 3,750     $ 3,500  
Interest Cost     1,400       1,375       2,800       2,750  
Expected Return on Plan Assets     (1,825 )     (1,700 )     (3,650 )     (3,400 )
Prior Service Cost Amortization     75       100       150       200  
Net Loss Amortization     1,075       850       2,150       1,700  
Net Periodic Cost   $ 2,600     $ 2,375     $ 5,200     $ 4,750  
                                 
Discount Rate     4.25 %     5.00 %     4.25 %     5.00 %
Long-Term Rate of Return on Assets     8.00 %     8.00 %     8.00 %     8.00 %

Components of net periodic benefit costs for Company's SERP

The components of the net periodic benefit costs for the Company’s SERP were as follows:

 

    Three Months Ended June 30,   Six Months Ended June 30,
(Dollars in Thousands)   2013   2012   2013   2012
Interest Cost     35       46       70       92  
Prior Service Cost Amortization     48       48       96       96  
Net Gain Amortization     (63 )     (98 )     (126 )     (196 )
Net Periodic (Benefit)   $ 20     $ (4 )   $ 40     $ (8 )
                                 
Discount Rate     4.25 %     5.00 %     4.25 %     5.00 %