Employee Benefit Plans

9 Months Ended

Sep. 30, 2011

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

6.	Employee Benefit Plans
	Components of net periodic benefit cost for the pension and postretirement benefit plans are shown below:

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended						Three Months Ended
	September 30,			September 30,			September 30,		September 30,
	2011			2010			2011		2010
	(in thousands)						(in thousands)
Components of Net Periodic Benefit Cost
Service cost	$	- -		$	- -		$	3	$	3
Interest cost		100			104			9		8
Expected return on plan assets		(119	)		(115	)		- -		- -
Amortization of net obligation at transition		- -			- -			4		4
Recognized net actuarial loss		38			24			- -		- -
Net periodic benefit cost	$	19		$	13		$	16	$	15

	Pension Benefits						Other Postretirement Benefits
	Nine Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,		September 30,
	2011			2010			2011		2010
	(in thousands)						(in thousands)
Components of Net Periodic Benefit Cost
Service cost	$	- -		$	- -		$	10	$	9
Interest cost		301			309			27		26
Expected return on plan assets		(356	)		(345	)		- -		- -
Amortization of net obligation at transition		- -			- -			13		12
Recognized net actuarial loss		112			72			- -		- -
Net periodic benefit cost	$	57		$	36		$	50	$	47

Employer Contribution

The company anticipates the 2011 contribution for the pension plan will approximate $10 thousand and has made this payment as of September 30, 2011. The company has made payments of $14 thousand for the other postretirement benefit plans for the first nine months of 2011 and anticipates remaining payments for 2011 to total $6 thousand.

The company’s defined benefit pension plan was frozen as of October 31, 2009. Benefits of all existing participants stopped accruing and no new participants could be admitted to the plan after that date.