COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS (Tables)

6 Months Ended

Jun. 30, 2013

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS [Abstract]

Components of net periodic benefit costs

	Six Months Ended						Three Months Ended
	June 30,			June 30,			June 30,				June 30,
		2013			2012		2013				2012
Qualified Pension
Service cost, benefits earned during the period	$	698,808		$	646,702		$	349,404		$	323,351
Interest cost on projected benefit obligation		817,242			812,220			408,621			406,110
Expected return on plan assets		(1,454,344	)		(1,326,986	)		(727,172	)		(663,493	)
Amortization of unrecognized transition obligation		-			-			-			-
Amortization of unrecognized prior service cost		6,928			6,928			3,464			3,464
Amortization of unrecognized net loss		781,366			661,136			390,683			330,568
Net periodic pension expense	$	850,000		$	800,000		$	425,000		$	400,000
Supplemental Pension
Service cost, benefits earned during the period	$	20,008		$	17,384		$	10,390		$	8,692
Interest cost on projected benefit obligation		23,950			25,546			12,436			12,773
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		-			-			-			-
Amortization of unrecognized net loss		17,150			9,960			8,906			4,980
Net periodic supplemental pension expense	$	61,108		$	52,890		$	31,732		$	26,445
Postretirement, Medical and Life
Service cost, benefits earned during the period	$	24,061		$	17,500		$	13,059		$	8,750
Interest cost on projected benefit obligation		31,869			36,000			17,296			18,000
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		(48,500	)		(48,500	)		(24,250	)		(24,250	)
Amortization of unrecognized net gain		2,570			-			1,395			-
Net periodic postretirement, medical and life expense	$	10,000		$	5,000		$	7,500		$	2,500