SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) (Tables)

6 Months Ended

Jun. 30, 2014

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP)

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

	2014		2013
Discount rate	4.03	%	3.25	%
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, 2013	$	20,952
Service cost	259
Interest cost	397
Payments	(1,247		)
Net benefit cost accrued at June 30, 2014	$	20,361

	(In thousands)
Net benefit cost accrued at December 31, 2012	$	22,377
Service cost	415
Interest cost	346
Payments	(705		)
Net benefit cost accrued at June 30, 2013	$	22,433