EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2017

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 7. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

	Three Months Ended September 30,				Nine Months Ended September 30,
	Pension Benefits		SERP Benefits		Pension Benefits		SERP Benefits
(dollars in thousands)	2017	2016	2017	2016	2017	2016	2017	2016
Interest cost	$    26	$    27	$    10	$    10	$   78	$         79	$         30	$         34
Expected return on plan assets	(35)	(34)	(16)	(17)	(107)	(104)	(47)	(53)
Recognized net actuarial (gain) loss	46	33	20	20	139	101	60	60
Net pension expense (benefit)	$    37	$    26	$    14	$    13	$ 110	$         76	$         43	$         41

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 September 30, 2017.  The Company does not expect to make any additional contributions to its pension plan or SERP during the remainder of 2017.