PENSION, PROFIT SHARING, AND OTHER EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2012

Pension Profit Sharing and Other Employee Benefit Plans [Abstract]

The Plan's Funded Status

The Plan’s funded status at December 31 is as follows:

(In thousands)	2012			2011
Reconciliation of Projected Benefit Obligation:
Projected obligation at January 1	$	32,387		$	30,633
Interest cost		1,534			1,541
Actuarial loss		137			360
Benefit payments		(702	)		(1,484	)
Increase related to discount rate change		5,483			1,337
Projected obligation at December 31		38,839			32,387
Reconciliation of Fair Value of Plan Assets:
Fair value of plan assets at January 1		29,341			26,839
Actual return on plan assets		1,951			986
Contribution		-			3,000
Benefit payments		(702	)		(1,484	)
Fair value of plan assets at December 31		30,590			29,341
Funded status at December 31	$	(8,249	)	$	(3,046	)
Accumulated benefit obligation at December 31	$	38,839		$	32,387
Unrecognized net actuarial loss	$	14,879		$	11,240
Net periodic pension cost not yet recognized	$	14,879		$	11,240

Weighted-Average Assumptions Used To Determine Benefit Obligations

Weighted-average assumptions used to determine benefit obligations at December 31 are presented in the following table:

	2012			2011			2010
Discount rate		4.00	%		4.75	%		5.00	%
Rate of compensation increase		N/A			N/A			N/A

Net Periodic Benefit Cost

The components of net periodic benefit cost for the years ended December 31 are presented in the following table:

(In thousands)	2012			2011			2010
Interest cost on projected benefit obligation	$	1,534		$	1,541		$	1,490
Expected return on plan assets		(1,165	)		(1,070	)		(1,201	)
Recognized net actuarial loss		1,194			1,159			1,156
Net periodic benefit cost	$	1,563		$	1,630		$	1,445

Weighted-Average Assumptions Used To Determine Net Periodic Benefit Cost

Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 are presented in the following table:

	2012			2011			2010
Discount rate		4.75	%		5.00	%		5.00	%
Expected return on plan assets		4.00	%		4.50	%		4.50	%
Rate of compensation increase		N/A			N/A			N/A

Components Of Net Unrecognized Benefits Costs That Is Reflected In Accumulated Other Comprehensive Income (Loss)

The following table reflects the components of the net unrecognized benefits costs that is reflected in accumulated other comprehensive income (loss) for the periods indicated. Additions represent the growth in the unrecognized actuarial loss during the period. Reductions represent the portion of the unrecognized benefits that are recognized each period as a component of the net periodic benefit cost.

	Unrecognized
	Net
(In thousands)	Gain/(Loss)
Included in accumulated other comprehensive income (loss) at January 1, 2010	$	10,806
Additions during the year		968
Reclassifications due to recognition as net periodic pension cost		(1,156	)
Included in accumulated other comprehensive income (loss) as of December 31, 2010		10,618
Additions during the year		443
Reclassifications due to recognition as net periodic pension cost		(1,159	)
Increase related to change in discount rate assumption		1,337
Included in accumulated other comprehensive income (loss) as of December 31, 2011		11,239
Additions during the year		(649	)
Reclassifications due to recognition as net periodic pension cost		(1,194	)
Increase related to change in discount rate assumption		5,483
Included in accumulated other comprehensive income (loss) as of December 31, 2012		14,879
Applicable tax effect		(5,933	)
Included in accumulated other comprehensive income (loss) net of tax effect at December 31, 2012	$	8,946
Amount expected to be recognized as part of net periodic pension cost in the next fiscal year	$	1,350

Component of Net Periodic Benefit

The following items have not yet been recognized as a component of net periodic benefit cost at December 31:

(In thousands)	2012			2011			2010
Net actuarial loss	$	(14,879	)	$	(11,240	)	$	(10,618	)
Net periodic benefit cost not yet recognized	$	(14,879	)	$	(11,240	)	$	(10,618	)

Pension Plan Weighted Average Allocations

The Company’s pension plan weighted average allocations at December 31 are presented in the following table:

	2012			2011
Asset Category:
Cash and certificates of deposit		11.1	%		27.1	%
Equity Securities:		58.5			39.3
Debt Securities		30.4			33.6
Total pension plan sssets		100.0	%		100.0	%

Fair Values Of Pension Plan Assets By Asset Category

The fair values of the Company’s pension plan assets by asset category at December 31 are presented in the following tables:

	2012
	Quoted Prices in		Significant Other		Significant
	Active Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
(In thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Asset Category:
Cash and certificates of deposit	$	3,253	$	-	$	-	$	3,253
Equity Securities:
Industrials		2,676		-		-		2,676
Financials		2,353						2,353
Telecommunication services		1,121		-		-		1,121
Consumer		3,515		-		-		3,515
Health care		1,900		-		-		1,900
Information technology		2,328		-		-		2,328
Energy		2,645		-		-		2,645
Materials		1,207		-		-		1,207
Other		156		-		-		156
Total equity securities		17,901		-		-		17,901
Fixed income securities:
U. S. Government Agencies		-		-		-		-
Corporate bonds		-		9,283		-		9,283
Other		153		-		-		153
Total pension plan sssets	$	21,307	$	9,283	$	-	$	30,590

	2011
	Quoted Prices in		Significant Other		Significant
	Active Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
(In thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Asset Category:
Cash and certificates of deposit	$	7,815	$	-	$	-	$	7,815
Equity Securities:
Industrials		1,064		-		-		1,064
Financials		1,669						1,669
Telecommunication services		765		-		-		765
Consumer		3,429		-		-		3,429
Health care		1,594		-		-		1,594
Information technology		1,416		-		-		1,416
Energy		811		-		-		811
Other		775		-		-		775
Total equity securities		11,523		-		-		11,523
Fixed income securities:
U. S. Government Agencies		-		619		-		619
Corporate bonds		-		9,251		-		9,251
Other		133		-		-		133
Total pension plan sssets	$	19,471	$	9,870	$	-	$	29,341

Benefit Payments

Benefit payments, which reflect expected future service, as appropriate, that are expected to be paid for the years ending December 31 are presented in the following table:

	Pension
(In thousands)	Benefits
2013	$	583
2014		689
2015		743
2016		867
2017		955
2018-2022		5,570