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Pension
 9 Months Ended
Sep. 30, 2014
Pension [Abstract]  
Pension

Note 8. Pension

The components of pension expense for the periods presented are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30

 

Nine Months Ended September 30

(Dollars in thousands)

2014

 

2013

 

2014

 

2013

Components of net periodic cost:

 

 

 

 

 

 

 

 

 

 

 

Service cost

$
83 

 

$
114 

 

$
253 

 

$
342 

Interest cost

 
194 

 

 
179 

 

 
585 

 

 
537 

Expected return on plan assets

 
(291)

 

 
(312)

 

 
(872)

 

 
(936)

Recognized net actuarial loss

 
81 

 

 
159 

 

 
243 

 

 
477 

Net period cost

$
67 

 

$
140 

 

$
209 

 

$
420 

 

The Bank expects its pension expense to decrease to approximately $275 thousand in 2014 compared to $560 thousand in 2013.