EMPLOYEE BENEFITS (Tables)

6 Months Ended

Jun. 30, 2015

EMPLOYEE BENEFITS

Components of net periodic benefit cost/(recovery)

	Three Months Ended June 30,										Six Months Ended June 30,
	Pension Benefits						SERP Benefits				Pension Benefits						SERP Benefits
(In thousands)	2015			2014			2015		2014		2015			2014			2015		2014
Service cost	$	283		$	227		$	42	$	33	$	562		$	451		$	83	$	66
Interest cost		176			160			23		22		351			318			45		44
Expected return on plan assets		(458	)		(406	)		-		-		(912	)		(808	)		-		-
Amortization of net loss		94			7			8		-		187			14			16		-
Amortization of unrecognized prior service cost		(19	)		(19	)		-		-		(38	)		(39	)		-		-
Amortization of unrecognized transition obligation		-			-			7		7		-			-			14		14
Net periodic benefit cost (credit)	$	76		$	(31	)	$	80	$	62	$	150		$	(64	)	$	158	$	124