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SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Tables)
12 Months Ended
Dec. 31, 2012
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Information relating to the Company's plan
Information relating to the Company’s plan is as follows (in thousands):

 
Year Ended
December 31,
 
2012
 
2011
Change in benefit obligation:
 
 
 
Benefit obligation, beginning of year
$
8,423

 
$
7,078

Service cost
601

 
542

Interest cost
371

 
385

Actuarial loss
442

 
418

Benefit obligation, end of year
9,837

 
8,423

Fair value of plan assets

 

Unfunded status of the plan, end of year
$
9,837

 
$
8,423

 
 
 
 
Current liability

 
163

Noncurrent liability
$
9,837

 
$
8,260

Components of net periodic pension cost
The components of net periodic pension cost were as follows (in thousands):

 
Year Ended
December 31,
 
2012
 
2011
 
2010
Service cost
$
601

 
$
542

 
$
332

Interest cost
371

 
385

 
256

Amortization of prior service cost
584

 
584

 
438

Amortization of loss
44

 
16

 

Total net periodic benefit cost
$
1,600

 
$
1,527

 
$
1,026

Assumptions used to determine benefit obligation and net periodic pension cost
Assumptions used to determine the year end benefit obligation were as follows:

 
Year Ended
December 31,
 
2012
 
2011
Discount rate
3.49%
 
4.44%
Rate of compensation increases
3.5%
 
3.5%

Assumptions used to determine the net periodic pension cost were as follows:

 
Year Ended
December 31,
 
2012
 
2011
Discount rate
4.44%
 
5.44%
Rate of compensation increases
3.5%
 
3.5%
Amounts to be amortized from accumulated other comprehensive loss into net periodic pension cost in next fiscal year
The estimated amounts to be amortized from accumulated other comprehensive loss into the net periodic pension cost in 2013 are as follows (in thousands):

Amortization of prior service cost
$
584

Amortization of loss
92

Total
$
676

Benefit payments expected to be paid
Benefit payments, which reflect estimated future service, are currently expected to be paid as follows (in thousands):
Year
 
Projected Benefits
2013
 
$

2014
 

2015
 
302

2016
 
403

2017
 
816

2018-2022
 
4,733

Thereafter
 
12,100