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OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 2014
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost

Components of net periodic benefit cost are as follows:

 

     Three Months
Ended June 30,
    Six Months
Ended June 30,
 
     2014     2013     2014     2013  
     (Dollars in thousands)  

Service cost

   $ —        $ —        $ —        $ —     

Interest cost

     14        13        28        26   

Expected return on plan assets

     —          —          —          —     

Net amortization of prior service cost

     (19     (19     (39     (38

Recognized net actuarial gain

     (36     (28     (71     (56
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost/(gain)

   $ (41   $ (34   $ (82   $ (68
  

 

 

   

 

 

   

 

 

   

 

 

 
Assumptions Used in Valuation of Other Postretirement Benefits

Assumptions used in the valuations were as follows:

Weighted average discount rate

     3.95     3.00     3.95     3.00