SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Tables)

9 Months Ended

Sep. 30, 2012

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

Schedule of weighted average assumptions used to determine benefit obligation and net benefit cost

	2012		2011
Discount rate	3.90	%	4.75	%
Average rate of increase in compensation	3.00	%	3.00	%

Summary of change in benefit obligation

	(in thousands)
Net benefit cost accrued at December 31, 2011 (unaudited)	$	20,230
Service cost	230
Interest cost	190
Payments	(525		)
Net benefit cost accrued at March 31, 2012 (unaudited)	$	20,125
Service cost	230
Interest cost	190
Payments	(180		)
Net benefit cost accrued at June 30, 2012 (unaudited)	$	20,365
Service cost	230
Interest cost	190
Net benefit cost accrued at September 30, 2012 (unaudited)	$	20,785

	(in thousands)
Net benefit cost accrued at December 31, 2010 (unaudited)	$	17,510
Service cost	247
Interest cost	202
Payments	(526		)
Net benefit cost accrued at March 31, 2011 (unaudited)	$	17,433
Service cost	247
Interest cost	202
Net benefit cost accrued at June 30, 2011 (unaudited)	$	17,882
Service cost	247
Interest cost	202
Net benefit cost accrued at September 30, 2011 (unaudited)	$	18,331