SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Tables)

3 Months Ended

Mar. 31, 2013

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

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

	2013		2012
Discount rate	3.25	%	3.90	%
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, 2012	$	22,377
Service cost	169
Interest cost	173
Payments	(705		)
Net benefit cost accrued at March 31, 2013 (unaudited)	$	22,014

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