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Other Postretirement Benefit Plans
 9 Months Ended
Sep. 30, 2013
Compensation And Retirement Disclosure [Abstract]  
Other Postretirement Benefit Plans
9. OTHER POSTRETIREMENT BENEFIT PLANS

Home Savings sponsors a defined benefit health care plan that was curtailed in 2000, but continues to provide postretirement medical benefits for employees who had worked 20 years and attained a minimum age of 60 by September 1, 2000, while in service with Home Savings. The plan is contributory and contains minor cost-sharing features such as deductibles and coinsurance. In addition, postretirement life insurance coverage is provided for employees who were participants prior to December 10, 1976. The life insurance plan is non-contributory. Home Savings’ policy is to pay premiums monthly, with no pre-funding.

Components of net periodic benefit cost are as follows:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
     2013     2012     2013     2012  
     (Dollars in thousands)  

Service cost

    $ —        $ —        $ —        $ —     

Interest cost

      13        19        39        57   

Expected return on plan assets

      —          —          —          —     

Net amortization of prior service cost

      (19 )      (20 )      (57 )      (59 ) 

Recognized net actuarial gain

      (28 )      (23 )      (84 )      (69 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost/(gain)

    $ (34 )    $ (24 )    $ (102 )    $ (71 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Assumptions used in the valuations were as follows:

         

Weighted average discount rate

      3.00 %      4.00 %      3.00 %      4.00 %