Pension Plans and Postretirement Benefit Plan

9 Months Ended

Sep. 30, 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 and nine months endedSeptember 30, 2015 and 2014.

	Pension Benefits						Postretirement Benefits
(dollars in thousands)	2015			2014			2015			2014
Three Months Ended September 30,
Service Cost	$	—		$	—		$	182		$	157
Interest Cost	1,186			1,242			74			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		$	175		$	411
Nine Months Ended September 30,
Service Cost	$	—		$	—		$	546		$	471
Interest Cost	3,559			3,727			722			1,043
Expected Return on Plan Assets	(3,913		)	(3,825		)	—			—
Amortization of:
Prior Service Credit	—			—			(242		)	(242		)
Net Actuarial Losses (Gains)	1,330			1,055			—			(39		)
Net Periodic Benefit Cost	$	976		$	957		$	1,026		$	1,233

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 endedSeptember 30, 2015, the Company contributed $0.2 million and $0.4 million, respectively, to the pension plans and $0.3 million and $1.1 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, 2015.