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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2012
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Components of Net Periodic Benefit Costs
The following tables detail the components of the net periodic cost for the plans:
 
 
Pension Benefits
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands)
2012
2011
 
2012
2011
Interest cost
$
148

$
180

 
$
452

$
553

Expected return on plan assets
(182
)
(254
)
 
(574
)
(810
)
Amortization of net loss
41

19

 
120

49

Settlement of benefit obligation

408

 
353

408

Net periodic cost
$
7

$
353

 
$
351

$
200


 
Postretirement Benefits
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands)
2012
2011
 
2012
2011
Interest cost
$
2

$
3

 
$
7

$
9

Expected return on plan assets


 


Amortization of net loss

(3
)
 
(1
)
(7
)
Settlement of benefit obligation


 


Net periodic cost
$
2

$

 
$
6

$
2

Change in Pension Obligation and Funded Status as a Result of Remeasurement and the Aggregate Settlements
The following table summarizes the change in pension obligation and funded status as a result of this remeasurement and the aggregate settlements for the six months ended June 30, 2012:
 
As of
June 30, 2012
(Dollars in thousands)
December 31,
Before
Impact of
After
Funded status:
2011
Settlement
Settlements
Settlements
Projected benefit obligation
$
16,505

$
16,681

$
(650
)
$
16,031

Fair value of plan assets
10,409

10,816

(650
)
10,166

Funded status
$
(6,096
)
$
(5,865
)
$

$
(5,865
)
 
 
 
 
 
Gross unrealized loss
$
9,280

$
9,057

$
(353
)
$
8,704

 
 
 
 
 
Assumptions:
 
 
 
 
Discount rate
4.00
%
4.00
%
 
4.00
%
Expected return on plan assets
7.50
%
7.50
%
 
7.50
%
During the third quarter of 2012, there was an inconsequential amount of lump-sum distributions and as a result, no additional settlement charge was recorded.