EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2014

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 6. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

	Nine Months Ended September 30,								Three Months Ended September 30,
	Pension Benefits				SERP Benefits				Pension Benefits				SERP Benefits
(dollars in thousands)	2014		2013		2014		2013		2014		2013		2014		2013
Interest cost	$	90	$	87	$	38	$	34	$	30	$	29	$	13	$	11
Expected return on plan assets		(94)		(90)		(55)		(56)		(31)		(30)		(19)		(19)
Recognized net actuarial loss		88		113		60		70		29		38		20		24
Net pension expense	$	84	$	110	$	43	$	48	$	28	$	37	$	14	$	16

The Company previously disclosed in its financial statements for the year ended December 31, 2013 that it expected to contribute $207,000 to its pension plan and $4,000 to its Supplemental Executive Retirement Plan (“SERP”) in 2014.  The Company has contributed $138,000 to its pension plan and $4,000 to its SERP as of September 30, 2014.  The Company expects to contribute $69,000 to its pension plan during the remainder of 2014.  The Company does not expect to make any additional contributions to its SERP during the remainder of 2014.