EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2017

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)	2017	2016	2017	2016
Interest cost	$26	$26	$10	$12
Expected return on plan assets	(35)	(35)	(16)	(18)
Recognized net actuarial (gain) loss	46	34	20	20
Net pension expense (benefit)	$37	$25	$14	$14

The Company previously disclosed in its financial statements for the year ended December 31, 2016 that it expected to contribute $355,000 to its pension plan and $41,000 to its Supplemental Executive Retirement Plan ("SERP") in 2017.  The Company has contributed $118,000 to its pension plan and $41,000 to its SERP as of March 31, 2017.  The Company expects to contribute $237,000 to its pension plan during the remainder of 2017.  The Company does not expect to make any additional contributions to its SERP during the remainder of 2017.