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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2011
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Costs of Retirement Plans
The following summarizes the Corporation’s expense under its retirement plans for the years ended December 31:
 
2011
 
2010
 
2009
 
(in thousands)
Fulton Financial Corporation 401(k) Retirement Plan
$
11,271

 
$
11,378

 
$
11,118

Pension Plan
413

 
742

 
1,674

 
$
11,684

 
$
12,120

 
$
12,792
Pension Plans, Defined Benefit [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost
The net periodic pension cost for the Pension Plan, as determined by consulting actuaries, consisted of the following components for the years ended December 31:
 
2011
 
2010
 
2009
 
(in thousands)
Service cost (1)
$
60

 
$
104

 
$
153

Interest cost
3,412

 
3,367

 
3,282

Expected return on assets
(3,348
)
 
(3,206
)
 
(2,809
)
Net amortization and deferral
289

 
477

 
1,048

Net periodic pension cost
$
413

 
$
742

 
$
1,674

 
(1)
Pension plan service cost for all years presented was related to administrative costs associated with the plan and not due to the accrual of additional participant benefits.
Schedule of Changes in Projected Benefit Obligations
The following table summarizes the changes in the projected benefit obligation and fair value of plan assets for the plan year ended December 31:
 
2011
 
2010
 
(in thousands)
Projected benefit obligation, beginning of year
$
63,460

 
$
61,997

Service cost
60

 
104

Interest cost
3,412

 
3,367

Benefit payments
(2,309
)
 
(2,490
)
Change due to change in assumptions
12,652

 
112

Experience (gain) loss
(220
)
 
370

Projected benefit obligation, end of year
$
77,055

 
$
63,460

 
 
 
 
Fair value of plan assets, beginning of year
$
57,011

 
$
54,597

Actual return on assets
400

 
4,904

Benefit payments
(2,309
)
 
(2,490
)
Fair value of plan assets, end of year
$
55,102

 
$
57,011
Schedule of Net Funded Status
The funded status of the Pension Plan, included in other liabilities on the consolidated balance sheets as of December 31, 2011 and 2010 was as follows:
 
2011
 
2010
 
(in thousands)
Projected benefit obligation (1)
$
(77,055
)
 
$
(63,460
)
Fair value of plan assets
55,102

 
57,011

Funded status
$
(21,953
)
 
$
(6,449
)
 
(1)
As a result of the Pension Plan’s curtailment, the accumulated benefit obligation is equal to the projected benefit obligation as of December 31, 2011 and 2010.
Schedule Of Changes In Unrecognized Pension And Postretirement Items
The following table summarizes the changes in the unrecognized net loss recognized as a component of accumulated other comprehensive loss:
 
Unrecognized Net Loss 
 
Gross of tax
 
Net of tax
 
(in thousands)
Balance as of January 1, 2010
$
11,116

 
$
7,225

Recognized as a component of 2010 periodic pension cost
(477
)
 
(310
)
Unrecognized gains arising in 2010
(1,214
)
 
(789
)
Balance as of December 31, 2010
9,425

 
6,126

Recognized as a component of 2011 periodic pension cost
(289
)

(188
)
Unrecognized losses arising in 2011
15,377


9,995

Balance as of December 31, 2011
$
24,513


$
15,933
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate net periodic pension cost and the present value of benefit obligations as of December 31:
 
2011
 
2010
 
2009
Discount rate-projected benefit obligation
4.25
%
 
5.50
%
 
5.50
%
Expected long-term rate of return on plan assets
6.00
%
 
6.00
%
 
6.00
%
Schedule of Allocation of Plan Assets
The following table presents a summary of the fair values of the Pension Plan’s assets as of December 31:
 
2011
 
2010
 
Estimated
Fair Value
 
% of Total
Assets
 
Estimated
Fair Value
 
% of Total
Assets
 
(dollars in thousands)
Equity mutual funds
$
9,706

 

 
$
14,362

 

Equity common trust funds
6,002

 

 
15,365

 

Equity securities
15,708

 
28.5
%
 
29,727

 
52.1
%
Cash and money market funds
8,115

 

 
2,482

 

Fixed income mutual funds
7,983

 

 
11,668

 

Corporate debt securities
6,813

 

 
6,194

 

U.S. Government agency securities
5,716

 


 
6,940

 


Fixed income securities and cash
28,627

 
52.0
%
 
27,284

 
47.9
%
Other alternative investment mutual funds
10,767

 
19.5
%
 
—

 
—
%

$
55,102

 
100.0
%
 
$
57,011

 
100.0
%
Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Year
 
2012
$
2,341

2013
2,476

2014
2,602

2015
2,844

2016
3,090

2017 – 2021
19,757

 
$
33,110
Other Postretirement Benefit Plans, Defined Benefit [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost

The components of the expense for postretirement benefits other than pensions are as follows:
 
2011
 
2010
 
2009
 
(in thousands)
Service cost
$
201

 
$
190

 
$
211

Interest cost
428

 
441

 
485

Expected return on plan assets
(3
)
 
(3
)
 
(4
)
Net amortization and deferral
(363
)
 
(363
)
 
(325
)
Net postretirement benefit cost
$
263

 
$
265

 
$
367
Schedule of Net Funded Status

The funded status of the Postretirement Plan, included in other liabilities on the consolidated balance sheets as of December 31, 2011 and 2010 was as follows:
 
2011
 
2010
 
(in thousands)
Accumulated postretirement benefit obligation
$
(9,651
)
 
$
(8,345
)
Fair value of plan assets
75

 
105

Funded status
$
(9,576
)
 
$
(8,240
)
Schedule Of Changes In Unrecognized Pension And Postretirement Items

The following table summarizes the changes in items recognized as a component of accumulated other comprehensive loss:
 
Gross of tax
 
 
 
Unrecognized
Prior Service
Cost
 
Unrecognized
Net Loss (Gain)
 
Total
 
Net of tax
 
(in thousands)
Balance as of January 1, 2010
$
(2,936
)
 
$
963

 
$
(1,973
)
 
$
(1,283
)
Recognized as a component of 2010 postretirement benefit cost
363

 
—

 
363

 
236

Unrecognized gains arising in 2010
—

 
(1,023
)
 
(1,023
)
 
(665
)
Balance as of December 31, 2010
(2,573
)
 
(60
)
 
(2,633
)
 
(1,712
)
Recognized as a component of 2011 postretirement benefit cost
363

 
—

 
363

 
236

Unrecognized losses arising in 2011
—

 
1,042

 
1,042

 
677

Balance as of December 31, 2011
$
(2,210
)
 
$
982

 
$
(1,228
)
 
$
(799
)
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate net periodic postretirement benefit cost and the present value of benefit obligations as of December 31:
 
2011
 
2010
 
2009
Discount rate-projected benefit obligation
4.25
%
 
5.50
%
 
5.50
%
Expected long-term rate of return on plan assets
3.00
%
 
3.00
%
 
3.00
%
Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Year
 
2012
$
483

2013
483

2014
478

2015
498

2016
517

2017 – 2021
2,772

 
$
5,231
Schedule of Changes in Accumulated Postemployment Benefit Obligations


The following table summarizes the changes in the accumulated postretirement benefit obligation and fair value of plan assets for the years ended December 31:
 
2011
 
2010
 
(in thousands)
Accumulated postretirement benefit obligation, beginning of year
$
8,345

 
$
9,132

Service cost
201

 
190

Interest cost
428

 
441

Benefit payments
(363
)
 
(406
)
Experience loss
(305
)
 
(796
)
Change due to change in assumptions
1,345

 
(216
)
Accumulated postretirement benefit obligation, end of year
$
9,651

 
$
8,345

 
 
 
 
Fair value of plan assets, beginning of year
$
105

 
$
110

Employer contributions
333

 
401

Actual return on assets
—

 
—

Benefit payments
(363
)
 
(406
)
Fair value of plan assets, end of year
$
75

 
$
105