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

3 Months Ended

Mar. 31, 2015

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 (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