Components of Net Periodic Pension Cost

3 Months Ended

Mar. 31, 2014

Components of Net Periodic Pension Cost [Abstract]

Components of Net Periodic Pension Cost

Note 10.  Components of Net Periodic Pension Cost

The Corporation maintained a non-contributory defined benefit pension plan for substantially all of its employees until September 30, 2007, at which time the Corporation froze the plan. The following table sets forth the net periodic pension cost of the Corporation’s pension plan for the periods indicated.

	Three Months Ended March 31,
	2014		2013
Interest cost	$	144	$	132
Expected return on plan assets		(149)		(96)
Net amortization		56		94
Net periodic pension cost	$	51	$	130

Contributions

The Corporation presently estimates that it will contribute $400,000 to its Pension Trust for 2014. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.