Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

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EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 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 September 30,   Nine Months Ended September 30,
(Dollars in Thousands)   2015   2014   2015   2014
Service Cost   $ 1,715     $ 1,500     $ 5,145     $ 4,500  
Interest Cost     1,438       1,400       4,313       4,200  
Expected Return on Plan Assets     (1,955 )     (1,875 )     (5,865 )     (5,625 )
Prior Service Cost Amortization     77       75       232       225  
Net Loss Amortization     891       325       2,673       975  
Net Periodic Cost   $ 2,166     $ 1,425     $ 6,498     $ 4,275  
                                 
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 September 30,   Nine Months Ended September 30,
(Dollars in Thousands)   2015   2014   2015   2014
Interest Cost   $ 34     $ 28     $ 101     $ 84  
Prior Service Cost Amortization     2       40       5       120  
Net Gain Amortization     44       (183 )     134       (549 )
Net Periodic (Benefit) Cost   $ 80     $ (115 )   $ 240     $ (345 )
                                 
Discount Rate     4.15 %     5.00 %     4.15 %     5.00 %