EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2015

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 7. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

	Three Months Ended March 31,
	Pension Benefits		SERP Benefits
(dollars in thousands)	2015	2014	2015	2014
Interest cost	$26	$30	$11	$12
Expected return on plan assets	(35)	(31)	(19)	(18)
Recognized net actuarial (gain) loss	40	29	21	20
Net pension expense (benefit)	$31	$28	$13	$14

The Company previously disclosed in its financial statements for the year ended December 31, 2014 that it expected to contribute $318,000 to its pension plan and $110,000 to its Supplemental Executive Retirement Plan (“SERP”) in 2015.  The Company has contributed $69,000 to its pension plan and $110,000 to its SERP as of March 31, 2015.  The Company expects to contribute $249,000 to its pension plan during the remainder of 2015.  The Company does not expect to make any additional contributions to its SERP during the remainder of 2015.