Employee Benefit Plans

9 Months Ended

Sep. 30, 2011

Employee Benefit Plans [Abstract]

Employee Benefit Plans

Note 8: Employee Benefit Plans

The Company has a non-contributory, defined benefit pension plan for all full-time employees over 21 years of age. Under this cash balance plan, the account balance for each participant will grow each year with annual pay credits based on age and years of service and monthly interest credits based on an amount established each year by the Company's Board of Directors. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act.

The Company sponsors a postretirement benefit plan covering current and future retirees who acquire age 55 and 10 years of service or age 65 and 5 years of service. The post-retirement benefit plan provides coverage toward a retiree's eligible medical and life insurance benefits expenses.

Components of Net Periodic Benefit Cost

(Unaudited)

	Pension Benefits						Post Retirement Benefits
Nine months ended September 30,	2011			2010			2011		2010
Service cost	$	206,211		$	186,109		$	16,711	$	15,481
Interest cost		155,982			146,400			23,830		23,517
Expected return on plan assets		(264,861	)		(241,801	)		—		—
Amortization of unrecognized prior service cost		(40,473	)		(40,471	)		—		—
Amortization of unrecognized net loss		31,815			32,200			125		—
Amortization of transition obligation		—			—			2,185		2,185
Net periodic benefit cost	$	88,674		$	82,437		$	42,851	$	41,183

The Company expects to make no contribution to its pension plan and $22,571 to its post-retirement benefit plan in 2011. The Company has contributed $10,171 toward the post-retirement plan during the first nine months of 2011.