Pension and Other Post Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Benefit Obligation, Changes in Plan Assets and the Funded Status of the Pension Plan and Other Post Retirement Benefit Plans

The table below sets forth the plans’ funded status and amounts recognized in the consolidated balance sheet at December 31, using measurement dates of December 31, 2012 and December 31, 2011.

	2012			2011
Change in benefit obligation
Benefit obligation at beginning of year	$	68,769		$	61,422
Service Cost	161			252
Interest Cost	2,990			3,208
Actuarial Loss (Gain)	3,168			7,346
Benefits paid	(5,922		)	(3,459		)
Benefit obligation at end of year	69,166			68,769
Change in plan assets
Fair value of plan assets at beginning of year	62,078			63,275
Actual return on plan assets	6,141			1,726
Employer contributions	568			536
Benefits Paid	(5,922		)	(3,459		)
End of Year	62,865			62,078
Funded Status at End of Year	$	(6,301	)	$	(6,691	)
Assets and Liabilities Recognized in the Balance Sheets:
Deferred Tax Asset	$	9,200		$	10,928
Liabilities	$	6,301		$	6,691
Amounts Recognized in Accumulated Other Comprehensive Income Not Yet Recognized as Components of Net Periodic Benefit Cost Consist of:
Accumulated Loss	$	(17,085	)	$	(16,310	)
Prior Service Credit	(41		)	(56		)
	$	(17,126	)	$	(16,366	)

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

Information for for pension plans with an accumulated benefit obligation in excess of plan assets is included in the table below.

	December 31, 2012		December 31, 2011
Projected Benefit Obligation	$	69,166	$	68,769
Accumulated Benefit Obligation	$	69,139	$	68,729
Fair Value of Plan Assets	$	62,865	$	62,078

Schedule of Net Periodic Pension Costs

The following table shows the components of net periodic pension costs:

	December 31, 2012			December 31, 2011
Service Cost	$	161		$	252
Interest Cost	2,990			3,208
Expected Return on Plan Assets	(4,216		)	(4,313		)
Amortization of Prior Service Costs	25			25
Amortization of Net Loss	2,207			1,129
Net Periodic Pension Cost	$	1,167		$	301

Schedule of Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income, Net of Tax

Other changes in plan assets and benefit obligations recognized in other comprehensive income:

	December 31, 2012			December 31, 2011
Net Periodic Pension Cost	$	1,167		$	301
Net gain (loss)	1,242			9,933
Actuarial gain (loss)	(2,207		)	(1,129		)
Amortization of prior service (cost) credit	(25		)	(25		)
Total Recognized in Other Comprehensive Income	(990		)	8,779
Total Recognized in NPPC and OCI	$	177		$	9,080

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

The estimated net loss and transition obligation for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic pension cost over the next fiscal year are:

	December 31, 2012			December 31, 2011
Amortization of Net Loss	$	(2,158	)	$	(2,319	)
Amortization of Prior Service Cost	(25		)	(25		)
Total	$	(2,183	)	$	(2,344	)

Schedule of Assumptions Used

Significant assumptions include:

	December 31, 2012		December 31, 2011
Weighted-average Assumptions Used to Determine Benefit Obligation:
Discount Rate	4.00	%	4.50	%
Rate of Compensation Increase for accruing active participants	3.00	%	4.00	%
Weighted-average Assumptions Used to Determine Benefit Cost:
Discount Rate	4.50	%	5.40	%
Expected Return on Plan Assets	7.00	%	7.00	%
Rate of Compensation Increase for accruing active participants	4.00	%	4.00	%

Schedule of Expected Benefit Payments

The minimum contribution required in 2013 will likely be zero but the Corporation may decide to make a discretionary contribution during the year.

2013	$	3,984
2014	4,110
2015	4,236
2016	4,219
2017	4,201
After 2017	21,414
	$	42,164

Schedule of Allocation of Plan Assets

Plan assets are re-balanced quarterly. At December 31, 2012 and 2011, plan assets by category are as follows:

	December 31, 2012				December 31, 2011
	Actual		Target		Actual		Target
Cash and cash equivalents	1.3	%	3.0	%	3.2	%	3.0	%
Equity securities	53.7		51.0		49.7		51.0
Debt securities	43.0		44.0		45.5		44.0
Alternative investments	2.0		2.0		1.6		2.0
	100.0	%	100.0	%	100.0	%	100.0	%

There are no assets classified within Level 3 of the hierarchy at December 31, 2012.

			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2012	Fair Value		(Level 1)		(Level 2)		(Level 3)
Cash & Cash Equivalents	$	795	$	795
Corporate Bonds and Notes	6,157		6,157
Government Agency and Municipal Bonds and Notes	8,642				$	8,642
Certificates of Deposit	357				357
Preferred Stock	52		52
Party-in-Interest Investments
Common Stock	898		898
Common Bond Fund	4,075				4,075
Common Equity Fund	4,495				4,495
Mutual Funds
Taxable Bond	7,409		7,409
Large Cap Equity	16,166		16,166
Mid Cap Equity	6,772		6,772
Small Cap Equity	2,640		2,640
International Equity	3,178		3,178
Specialty Alternative Equity	1,229		1,229