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EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 31, 2013
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 6. EMPLOYEE BENEFIT PLANS

 

Components of net periodic benefit cost:

 

  Three Months Ended March 31, 
  Pension Benefits  SERP Benefits 
  2013  2012  2013  2012 
Interest cost $32  $35  $13  $16 
Expected return on plan assets  (35)  (40)  (19)  (20)
Recognized net actuarial loss  34   27   21   17 
Net pension expense $31  $22  $15  $13 

 

The Company previously disclosed in its financial statements for the year ended December 31, 2012 that it expected to contribute $211,000 to its pension plan and $80,000 to its SERP plan in 2013. The Company has contributed $59,000 to its pension plan and $80,000 to its SERP plan as of March 31, 2013. The Company expects to contribute an additional $152,000 to its pension plan during the remainder of 2013. The Company does not expect to make any additional contributions to its SERP plan during the remainder of 2013.