Benefit Plans

6 Months Ended

Jun. 30, 2012

Benefit Plans [Abstract]

Postretirement Benefits

(8) Benefit Plans

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 six- and three-month periods ended June 30, 2012 and 2011 includes the following components.

	Six months ended June 30, (Dollars in thousands)
	2012		2011
Components of net periodic cost:
Service cost	$	4	$	4
Interest cost		18		18
Prior service cost		—		—
Amortization of (gain) loss		6		—
Net periodic postretirement benefit cost	$	28	$	22

	Three months ended June 30, (Dollars in thousands)
	2012		2011
Components of net periodic cost:
Service cost	$	2	$	2
Interest cost		9		9
Prior service cost		—		—
Amortization of (gain) loss		3		—
Net periodic postretirement benefit cost	$	14	$	11

The Company expects to contribute $56 thousand to its postretirement benefit plan in 2012. No contributions were made in the first six months of 2012. For additional information related to the plan, refer to the Company’s Form 10-K for the year ended December 31, 2011.

Stock Option and Restricted Option Plans

On June 7, 2012, the stockholders of the Company approved amendments to the Company’s 2008 Omnibus Equity Plan (the “Plan”) that would increase by 190,100 the number of shares reserved under the Plan, permit nonemployee directors of the Company to participate in the Plan and increase the types of awards available for approval under the Plan. These types of awards may include restricted stock units, stock appreciation rights or similar forms of equity compensation that are valued by reference to the Company’s common stock.

During the six months ended June 30, 2012, 25,013 stock options were forfeited. During the three months ended June 30, 2012, 5,457 stock options were forfeited. There was no other activity during the quarter.