Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

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EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2015
Employee Benefit Plans Tables  
Schedule of expected benefit payments related to the 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)   2015   2014   2015   2014
Service Cost   $ 1,675     $ 1,500     $ 3,350     $ 3,000  
Interest Cost     1,425       1,400       2,850       2,800  
Expected Return on Plan Assets     (1,950 )     (1,875 )     (3,900 )     (3,750 )
Prior Service Cost Amortization     75       75       150       150  
Net Loss Amortization     800       325       1,600       650  
Net Periodic Cost   $ 2,025     $ 1,425     $ 4,050     $ 2,850  
                                 
Discount Rate     4.15 %     5.00 %     4.15 %     5.00 %
Long-Term Rate of Return on Assets     7.50 %     7.50 %     7.50 %     7.50 %

 
Schedule of expected benefit payments related to the 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)   2015   2014   2015   2014
Interest Cost   $ 28     $ 28     $ 55     $ 55  
Prior Service Cost Amortization     2       40       5       80  
Net Gain Amortization     (90 )     (183 )     (180 )     (365 )
Net Periodic Income   $ (60 )   $ (115 )   $ (120 )   $ (230 )
                                 
Discount Rate     4.15 %     5.00 %     4.15 %     5.00 %