Employee Benefit Plans

3 Months Ended

Mar. 31, 2012

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
	March 31,			March 31,			March 31,		March 31,
	2012			2011			2012		2011
	(in thousands)						(in thousands)
Components of Net Periodic Benefit Cost
Service cost	$	- -		$	- -		$	1	$	3
Interest cost		102			100			3		9
Expected return on plan assets		(119	)		(119	)		- -		- -
Recognized net actuarial loss		- -			38			- -		- -
Amortization of net obligation at transition		- -			- -			- -		5
Amortization of prior service cost		- -			- -			- -		- -
Amortization of net loss		53			- -			- -		- -
Net periodic benefit cost	$	36		$	19		$	4	$	17

Employer Contribution

The company anticipates the 2012 contribution for the pension plan will approximate $2 million and has made this payment as of March 31, 2012. The company has made payments of $4 thousand for the other postretirement benefit plans for the first three months of 2012 and anticipates remaining payments for 2012 to total $13 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.

The company sponsors an unfunded postretirement life insurance plan covering certain retirees with 25 years of service who are over the age of 60 and an unfunded health care plan for certain retirees that met certain eligibility requirements. These plans are not available to future retirees.