Retirement Plans

3 Months Ended

Mar. 31, 2013

Retirement Plans [Abstract]

Retirement Plans

Note 25—Retirement Plans

The Company has supplemental retirement plans for current and former directors and key executives. These plans are non-qualified defined benefit plans and are unsecured and unfunded. The Company has purchased insurance on the lives of the participants and intends (but is not required) to use the cash values of these policies to pay the retirement obligations. The following table sets forth the net periodic benefit cost recognized for the plans:

	Three months ended March 31,
	2013		2012
	(In thousands)
Net pension cost included the following components:
Service cost-benefits earned during the period	$	185	$	170
Interest cost on projected benefit obligation		160		172
Amortization of net obligation at transition		—		—
Amortization of prior service cost		38		38
Recognized net actuarial loss		72		72
Net periodic pension cost	$	455	$	452

During the three months ended March 31, 2013 and 2012, the Company contributed and paid out as benefits $106,000 and $106,000, respectively, to participants under the plans. For the year ending December 31, 2013, the Company expects to contribute and pay out as benefits $472,000 to participants under the plans.