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OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

(Dollars in thousands)

 

Service cost

$

—  

  

 

$

—  

  

 

$

—  

  

 

$

—  

  

Interest cost

 

14

  

 

 

13

  

 

 

42

  

 

 

39

  

Expected return on plan assets

 

—  

  

 

 

—  

  

 

 

—  

  

 

 

—  

  

Net amortization of prior service cost

 

(19

 

 

(19

 

 

(57

 

 

(57

Recognized net actuarial gain

 

(36

 

 

(28

 

 

(108

 

 

(84

Net periodic benefit cost/(gain)

$

(41

 

$

(34

 

$

(123

 

$

(102

 

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