COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

9 Months Ended

Sep. 30, 2014

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

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

NOTE 9 COMPONENTS OF QUARTERLY AND YEAR TO DATE 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):

	Nine Months Ended						Three Months Ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Qualified Pension
Service cost, benefits earned during the period	$	813		$	1,048		$	271		$	349
Interest cost on projected benefit obligation		1,305			1,226			435			409
Expected return on plan assets		(2,379	)		(2,181	)		(793	)		(727	)
Amortization of unrecognized prior service cost		6			10			2			3
Amortization of unrecognized net loss		480			1,172			160			391
Net periodic pension expense	$	225		$	1,275		$	75		$	425
Supplemental Pension
Service cost, benefits earned during the period	$	30		$	30		$	10		$	10
Interest cost on projected benefit obligation		40			36			14			12
Amortization of unrecognized net loss		19			26			9			9
Net periodic supplemental pension expense	$	89		$	92		$	33		$	31
Postretirement, Medical and Life
Service cost, benefits earned during the period	$	33		$	36		$	11		$	12
Interest cost on projected benefit obligation		54			48			18			16
Amortization of unrecognized prior service cost		(72	)		(73	)		(24	)		(24	)
Amortization of unrecognized net loss		-			4			-			1
Net periodic postretirement, medical and life expense	$	15		$	15		$	5		$	5