EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2018

Compensation and Retirement Disclosure [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)	2018		2017		2018		2017
Service cost	$	0	$	0	$	0	$	0
Interest cost		23		26		9		10
Expected return on plan assets		(34)		(35)		(15)		(16)
Recognized net actuarial (gain) loss		48		46		18		20
Net pension expense (benefit)	$	37	$	37	$	12	$	14

The Company previously disclosed in its financial statements for the year ended December 31, 2017 that it expected to contribute $0 to its pension plan and $0 to its Supplemental Executive Retirement Plan ("SERP") in 2018.  The Company has contributed $368,200 to its pension plan and $0 to its SERP as of March 31, 2018. The Company does not expect to make any additional contributions to its pension plan or SERP during the remainder of 2018. As a result of freezing the plan effective April 1, 2000, there is no service cost to record on the pension plan or the SERP for the three-month periods ending March 31, 2018 and 2017. All other components of cost noted in the table above were recorded in other expense under noninterest expenses on the Consolidated Statements of Income for all periods presented.