Pension Plans and Postretirement Benefit Plan

Components of net periodic benefit cost for the Company’s pension plans and the postretirement benefit plan are presented in the following table for the three and nine months ended September 30, 2013 and 2012.



	Pension Benefits						Postretirement Benefits
(dollars in thousands)	2013			2012			2013			2012
Three Months Ended September 30,
Service Cost	$	—		$	—		$	173		$	145
Interest Cost	1,128			1,263			305			319
Expected Return on Plan Assets	(1,313		)	(1,354		)	—			—
Amortization of:
Prior Service Credit	—			—			(81		)	(80		)
Net Actuarial Losses	414			331			—			—
Net Periodic Benefit Cost	$	229		$	240		$	397		$	384

Nine Months Ended September 30,
Service Cost	$	—		$	—		$	378		$	435
Interest Cost	3,385			3,789			667			958
Expected Return on Plan Assets	(3,939		)	(4,371		)	—			—
Amortization of:
Prior Service Credit	—			—			(242		)	(242		)
Net Actuarial Losses	1,241			998			—			—
Net Periodic Benefit Cost	$	687		$	416		$	803		$	1,151

The net periodic benefit cost for the Company’s pension plans and postretirement benefit plan are recorded as a component of salaries and benefits in the consolidated statements of income. For the three and nine months ended September 30, 2013, the Company contributed $0.2 million and $0.4 million, respectively, to the pension plans and $0.2 million and $0.6 million, respectively, to the postretirement benefit plan. The Company expects to contribute $0.5 million to the pension plans and $1.4 million to the postretirement benefit plan for the year ending December 31, 2013.