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Defined Benefit Plans
3 Months Ended
Mar. 31, 2012
Defined Benefit Plans  
Defined Benefit Plans
7. Defined Benefit Plans

Mid Penn has an unfunded noncontributory defined benefit retirement plan for directors. The plan provides defined benefits based on years of service. In addition, Mid Penn sponsors a defined benefit health care plan that provides post-retirement medical benefits and life insurance to qualifying full-time employees. These health care and life insurance plans are noncontributory. A December 31 measurement date for our plans is used.

The components of net periodic benefit costs from these benefit plans are as follows:

 

     Three Months Ended March 31,  
(Dollars in thousands)    Pension Benefits      Other Benefits  
     2012      2011      2012      2011  

Service cost

   $ 6       $ 6       $ 5       $ 5   

Interest cost

     12         13         9         11   

Amortization of prior service cost

     5         5         —           —     

Amortization of net gain

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

   $ 23       $ 24       $ 14       $ 16