EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2012

EMPLOYEE BENEFIT PLANS

NOTE 6 – EMPLOYEE BENEFIT PLANS

Supplemental Executive Retirement Plan

The Company maintains an unfunded, non-qualified supplemental executive retirement plan for certain officers.  The components of net period benefit cost for the three and six-month periods ended June 30, 2012 and 2011 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Net period benefit cost
Service cost	$	67	$	58	$	134	$	116
Interest cost		102		108		204		216
Recognized net actuarial loss		29		17		58		34
Recognized prior service cost		5		4		10		8
Net period benefit cost	$	203	$	187	$	406	$	374

Other Postretirement Benefit Plan

The Company provides medical and life insurance to certain eligible retired employees.  The components of net period benefit cost for the three and six-month periods ended June 30, 2012 and 2011 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Net period benefit cost
Service cost	$	17	$	16	$	34	$	32
Interest cost		37		38		74		76
Recognized net actuarial loss		8		—		16		—
Net period benefit cost	$	62	$	54	$	124	$	108