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EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS
NOTE 7. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

 
Six Months Ended June 30,
 
Three Months Ended June 30,
 
Pension Benefits
 
SERP Benefits
 
Pension Benefits
 
SERP Benefits
(dollars in thousands)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Interest cost
 $52
 
 $52
 
 $20
 
 $24
 
 $26
 
 $26
 
 $10
 
 $12
Expected return on plan assets
(72)
 
(70)
 
(31)
 
(36)
 
(37)
 
(35)
 
(15)
 
(18)
Recognized net actuarial (gain) loss
93
 
68
 
40
 
40
 
47
 
34
 
20
 
20
  Net pension expense (benefit)
 $73
 
 $50
 
 $29
 
 $28
 
 $36
 
 $25
 
 $15
 
 $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 $197,000 to its pension plan and $41,000 to its SERP as of June 30, 2017.  The Company does not expect to make any additional contributions to its pension plan or SERP during the remainder of 2017.