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

6 Months Ended

Jun. 30, 2014

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

Components of net periodic benefit costs

The components of net periodic expense for the Corporation’s pension and other benefit plans for the periods indicated are as follows (dollars in thousands):

	Six Months Ended						Three Months Ended
	June 30, 2014			June 30, 2013			June 30, 2014			June 30, 2013
Qualified Pension
Service cost, benefits earned during the period	$	542		$	699		$	271		$	349
Interest cost on projected benefit obligation		870			817			435			409
Expected return on plan assets		(1,586	)		(1,454	)		(793	)		(727	)
Amortization of unrecognized prior service cost		4			7			2			3
Amortization of unrecognized net loss		320			781			160			391
Net periodic pension expense	$	150		$	850		$	75		$	425
Supplemental Pension
Service cost, benefits earned during the period	$	20		$	20		$	10		$	10
Interest cost on projected benefit obligation		26			24			13			13
Amortization of unrecognized net loss		10			17			5			9
Net periodic supplemental pension expense	$	56		$	61		$	28		$	32
Postretirement, Medical and Life
Service cost, benefits earned during the period	$	22		$	24		$	11		$	13
Interest cost on projected benefit obligation		36			32			18			17
Amortization of unrecognized prior service cost		(48	)		(49	)		(24	)		(24	)
Amortization of unrecognized net gain		-			3			-			2
Net periodic postretirement, medical and life expense	$	10		$	10		$	5		$	8