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EMPLOYEE BENEFITS (Tables)
9 Months Ended
Sep. 30, 2014
EMPLOYEE BENEFITS  
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income

 

 

 

Three months ended September 30,

 

Nine months ended September 30,

 

 

 

Pension Benefits

 

SERP Benefits

 

Pension Benefits

 

SERP Benefits

 

(In thousands)

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

Service cost

 

$

229

 

$

235

 

$

33

 

$

38

 

$

681

 

$

697

 

$

98

 

$

112

 

Interest cost

 

161

 

142

 

22

 

19

 

479

 

421

 

66

 

57

 

Expected return on plan assets

 

(411

)

(349

)

 

 

(1,219

)

(1,036

)

 

 

Amortization of net loss

 

7

 

82

 

 

4

 

20

 

243

 

 

11

 

Amortization of unrecognized prior service cost

 

(19

)

(19

)

 

 

(58

)

(58

)

 

 

Amortization of unrecognized transition obligation

 

 

 

7

 

7

 

 

 

21

 

21

 

Net periodic benefit cost (credit)

 

$

(33

)

$

91

 

$

62

 

$

68

 

$

(97

)

$

267

 

$

185

 

$

201