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Postretirement Benefits
9 Months Ended
Sep. 30, 2011
Postretirement Benefits [Abstract] 
Postretirement Benefits

(8) Postretirement Benefits

The Company has a postretirement benefit plan whereby the Company pays postretirement health care benefits for certain of its retirees that have met minimum age and service requirements. Net periodic postretirement benefit cost for the nine- and three-month periods ended September 30, 2011 and 2010 includes the following components.

 

     Nine months ended September 30,
(Dollars in thousands)
 
     2011      2010  

Components of net periodic cost:

     

Service cost

   $ 6       $ 3   

Interest cost

     27         32   

Prior service cost

     —           (6
  

 

 

    

 

 

 

Net periodic postretirement benefit cost

   $ 33       $ 29   
  

 

 

    

 

 

 

 

     Three months ended September 30,
(Dollars in thousands)
 
     2011      2010  

Components of net periodic cost:

     

Service cost

   $ 2       $ 1   

Interest cost

     9         11   

Prior service cost

     —           (2
  

 

 

    

 

 

 

Net periodic postretirement benefit cost

   $ 11       $ 10   
  

 

 

    

 

 

 

The Company expects to contribute $43 thousand to its postretirement benefit plan in 2011. No contributions were made in the first nine months of 2011. For additional information related to the plan, refer to the Company's Form 10-K for the year ended December 31, 2010.