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Pension Plans and Postretirement Benefit Plan
3 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension Plans and Postretirement Benefit Plan
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 months ended March 31, 2015 and 2014.
 
Pension Benefits
 
Postretirement Benefits
(dollars in thousands)
2015

 
2014

 
2015

 
2014

Three Months Ended March 31,
 

 
 

 
 

 
 

Service Cost
$

 
$

 
$
182

 
$
157

Interest Cost
1,186

 
1,242

 
324

 
348

Expected Return on Plan Assets
(1,304
)
 
(1,275
)
 

 

Amortization of:
 

 
 

 
 

 
 

Prior Service Credit

 

 
(81
)
 
(81
)
Net Actuarial Losses (Gains)
443

 
352

 

 
(13
)
Net Periodic Benefit Cost
$
325

 
$
319

 
$
425

 
$
411



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 months ended March 31, 2015, the Company contributed $0.1 million to the pension plans and $0.5 million 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, 2015.