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Retirement Pension Plan (Tables)
12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Pension Plan Disclosures
 
Year ended December 31,
 
2012
 
2011
 
2010
 
(Dollars in thousands)
Change in projected benefit obligation
 
 

 

Projected benefit obligation at the beginning of the year
$
(5,641
)
 
$
(5,610
)
 
$
(5,716
)
Interest Cost
(254
)
 
(322
)
 
(314
)
Actuarial gain (loss)
(359
)
 
(312
)
 
(35
)
Benefits paid
310

 
603

 
455

Projected benefit obligation at the end of the year
$
(5,944
)
 
$
(5,641
)
 
$
(5,610
)
Change in plan assets
 
 
 
 
 
Fair value of plan assets at beginning of year
$
5,251

 
$
5,756

 
$
4,221

Actual gain on plan assets
237

 
98

 
590

Employer contributions
500

 

 
1,400

Benefits paid
(310
)
 
(603
)
 
(455
)
Fair value of plan assets at end of year
$
5,678

 
$
5,251

 
$
5,756

Funded status (included in accrued liabilities or prepaid assets)
$
(265
)
 
$
(390
)
 
$
146

Unrecognized actuarial loss in accumulated other comprehensive income
$
3,114

 
$
2,754

 
$
2,230

Schedule of Net Periodic Pension Costs
Amounts recognized in the consolidated statements of income consist of:
 
 
Year ended December 31,
 
2012
 
2011
 
2010
 
(Dollars in thousands)
Net Periodic Pension Cost
 
 
 
 
 
Interest cost on projected benefit obligation
$
254

 
$
322

 
$
314

Expected return on plan benefits
(383
)
 
(442
)
 
(308
)
Amortization of loss
145

 
131

 
142

Net Periodic Pension Cost
$
16

 
$
11

 
$
148

Schedule of Pension Liability Adjustments Recognized in Other Comprehensive Income
Pension liability adjustments recognized in other comprehensive income include:
 
 
Year ended December 31,
 
2012
 
2011
 
2010
 
(Dollars in thousands)
Amortization of unrecognized actuarial loss
$
145

 
$
131

 
$
142

Current deferral of gains
214

 
392

 
247

Pension liability adjustments recognized in comprehensive income
359

 
524

 
389

Tax effect
(122
)
 
(178
)
 
(132
)
Net pension liability adjustments
$
237

 
$
346

 
$
257

Schedule of Weighted Average Assumptions
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31, 2012, 2011 and 2010:
 
 
2012
 
2011
 
2010
Weighted average discount rate
4.50
%
 
5.75
%
 
5.75
%
Expected long-term rate of return on plan assets
7.50
%
 
7.50
%
 
7.50
%
Assumed rate of future compensation increases
%
 
%
 
%
Schedule of Weighted Average Assets Allocations
The Bank’s Retirement Pension Plan’s weighted-average assets allocations at December 31, 2012, 2011 and 2010 by asset category are as follows:
 
Plan Assets at December 31,
 
2012
 
2011
 
2010
Asset Category:
 
 
 
 
 
Equity securities
70.1
%
 
63.5
%
 
62.6
%
Debt securities
27.6
%
 
34.9
%
 
35.5
%
Cash and cash equivalents
2.3
%
 
1.6
%
 
1.9
%
Total
100.0
%
 
100.0
%
 
100.0
%
LNB Bancorp, Inc. common stock to total plan assets
%
 
%
 
%
Schedule of Estimated Future Benefit Payments
The following estimated future benefit payments, which reflect no expected future service as the plan is frozen, are expected to be paid as follows:
 
Amount
 
(Dollars in thousands)
2013
$
285

2014
273

2015
263

2016
249

2017
240

2018 and thereafter
1,080