COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

3 Months Ended

Mar. 31, 2015

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 (in thousands):

	Three Months Ended March 31,
	2015			2014
Qualified Pension Plan
Service cost, benefits earned during the period	$	354		$	271
Interest cost on projected benefit obligation		457			435
Expected return on plan assets		(823	)		(793	)
Amortization of unrecognized transition obligation		-			-
Amortization of unrecognized prior service cost		2			2
Amortization of unrecognized net loss		368			160
Net periodic pension cost	$	358		$	75
Supplemental Pension Plan
Service cost, benefits earned during the period	$	11		$	10
Interest cost on projected benefit obligation		12			13
Expected return on plan assets		-			-
Amortization of unrecognized prior service cost		-			-
Amortization of unrecognized net loss		13			5
Net periodic supplemental pension cost	$	36		$	28
Postretirement Plan, Medical and Life
Service cost, benefits earned during the period	$	12		$	11
Interest cost on projected benefit obligation		16			18
Expected return on plan assets		-			-
Amortization of unrecognized prior service cost		(24	)		(24	)
Amortization of unrecognized net loss		2			-
Net periodic postretirement, medical and life cost	$	6		$	5