Components of Quarterly and Year

6 Months Ended

Jun. 30, 2011

Components of Quarterly and Year [Abstract]

Components of Quarterly and Year

10.           Components of Quarterly and Year-to-Date Net Periodic Benefit Costs

	Six Months Ended June 30,							Three Months Ended June 30,
	2011				2010			2011			2010
Qualified Pension
Service cost, benefits earned during the period	$	518,268		$	532,716		$	259,134		$	266,358
Interest cost on projected benefit obligation		785,912			958,024			392,956			479,012
Expected return on plan assets		(1,171,346	)		(1,388,272	)		(585,673	)		(694,136	)
Amortization of unrecognized transition obligation		-			-			-			-
Amortization of unrecognized prior service cost		14,940			28,396			7,470			14,198
Amortization of unrecognized net loss		338,226			369,136			169,113			184,568
Net periodic pension expense	$	486,000		$	500,000		$	243,000		$	250,000
Supplemental Pension
Service cost, benefits earned during the period	$	15,312		$	16,514			7,656		$	8,257
Interest cost on projected benefit obligation		26,887			30,424			13,443			15,212
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		-			-			-			-
Amortization of unrecognized net loss		4,732			3,062			2,366			1,531
Net periodic supplemental pension expense	$	46,931		$	50,000		$	23,465		$	25,000
Postretirement, Medical and Life
Service cost, benefits earned during the period	$	16,500		$	15,000			8,250		$	7,500
Interest cost on projected benefit obligation		37,500			37,500			18,750			18,750
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		(48,500	)		(47,500	)		(24,250	)		(23,750	)
Amortization of unrecognized net gain		-			-			-			-
Net periodic postretirement, medical and life expense	$	5,500		$	5,000		$	2,750		$	2,500

On April 21, 2010 the Corporation's Board of Directors approved an amendment to the Corporation's Defined Benefit Pension Plan.  Under the amendment, which became effective on July 1, 2010, new employees hired on or after the effective date will not be eligible to participate in the plan, however, existing participants at that time will continue to accrue benefits.  The Corporation anticipates that the amendment will result in a decrease in the future benefit obligations of the plan and the corresponding net periodic benefit cost associated with the plan.