EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2012

EMPLOYEE BENEFIT PLANS [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 6. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

	Six Months Ended June 30,
	Pension Benefits		SERP Benefits
	2012	2011	2012	2011
Interest cost	$          64	$          71	$          26	$          33
Expected return on plan assets	(69)	(78)	(38)	(40)
Recognized net actuarial  loss	68	41	42	31
Net pension expense	$          63	$          34	$          30	$          24

	Three Months Ended June 30,
	Pension Benefits		SERP Benefits
	2012	2011	2012	2011
Interest cost	$          29	$          35	$          10	$          16
Expected return on plan assets	(29)	(39)	(18)	(20)
Recognized net actuarial loss	41	21	25	16
Net pension expense	$          41	$          17	$          17	$          12

The Company previously disclosed in its financial statements for the year ended December 31, 2011 that it expected to contribute $170,000 to its pension plan and $114,000 to its SERP plan in 2012.  The Company has contributed $62,000 to its pension plan and $114,000 to its SERP plan as of June 30, 2012.  The Company expects to contribute an additional $108,000 to its pension plan during the remainder of 2012.  The Company does not expect to make any additional contributions to its SERP plan during the remainder of 2012.