9. Employee Benefits

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Employee Benefits

(9) Employee Benefits

On March 8, 2002 we acquired MFN Financial Corporation and its subsidiaries in a merger. We sponsor the MFN Financial Corporation Benefit Plan (the “Plan”). Plan benefits were frozen June 30, 2001. The table below sets forth the Plan’s net periodic benefit cost the three-month periods ended March 31, 2019 and 2018.

	Three Months Ended
	March 31,
	2019			2018
	(In thousands)
Components of net periodic cost (benefit)
Service cost	$	–		$	–
Interest cost		202			194
Expected return on assets		(253	)		(291	)
Amortization of transition (asset)/obligation		–			–
Amortization of net (gain) / loss		94			111
Net periodic cost (benefit)	$	43		$	14

We did not make any contributions to the Plan during the three-month periods ended March 31, 2019 and 2018. We do not anticipate making any contributions for the remainder of 2019.