Schedule of pre-tax amounts recognized as a component of accumulated other comprehensive income

Defined benefit pension plan:

Amounts recognized in accumulated other comprehensive income not yet recognized as components of net periodic benefit cost consist of the following at December 31, 2013 and 2012:

	2013			2012
	(In thousands)

Net loss	$	(609	)	$	(1,096	)

Split-dollar insurance plan:

Amounts recognized in accumulated other comprehensive income not yet recognized as components of net periodic benefit cost consist of:

	2013			2012
	(In thousands)
Prior service cost	$	(14	)	$	(125	)
Net (gain)loss		(44	)		(121	)

Schedule of target allocation of plan assets

The target asset allocation percentages for 2013 are as follows:

SMID-Cap stocks	30-70%
Fixed income investments	30-70%
Cash	0-15%

Schedule of expected benefits to be paid in the following years

Defined benefit pension plan:

Benefit payments expected to be paid from the plan as of December 31, 2013 are as follows:

	(In thousands)

2014	$	53
2015		56
2016		64
2017		71
2018		81
Thereafter		523

	$	848

Split-dollar insurance plan:

The retiree accrued liability expected to be reversed from the plan as of December 31, 2013 is as follows:

	(In thousands)

2014	$	17
2015		19
2016		21
2017		28
2018		30
Thereafter		218

	$	333

Schedule of fair value measurement of pension plan

The fair value of the Company’s pension plan assets at December 31, 2013, and 2012 by asset category are as follows:

December 31, 2013			Fair Value Measurements Using
Asset Category	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds-Equity	(In thousands)
Large Cap Value (a)	$	84	$	84	$	—	$	—
Large Cap Core (b)		112		112		—		—
Mid Cap Core (c)		105		105		—		—
Small-Cap Core (d)		53		53		—		—
Int’l Core (e)		253		253		—		—
Large Cap Growth (f)		169		169		—		—
Small/Midcap Growth (g)		52		52		—		—
Mutual funds-Fixed Income
Fixed Income- US Core (h)		149		149		—		—
Intermediate Duration (i)		297		297		—		—
Common/Collective Trusts-Equity
Large Cap Value (j)		84		—		84		—
Cash
Money Market		73		73		—		—
Total	$	1,431	$	1,347	$	84	$	—

(a)This category consists of a mutual fund holding 100 - 160 stocks, designed to track and outperform the Russell 1000 Value Index.

(b)This category contains stocks of the S&P 500 Index. The Stocks are maintained in approximately the same weightings as the index.

(c)This category contains stocks of the MSCI U. S. Mid Cap 450 Index. The stocks are maintained in approximately the same weightings as the index.

(d) This category consists of 400 or more small and micro-cap companies, with as much as 25% invested in non-U.S. equities.

(e) This category consists of investments with long-term growth potential located primarily in Europe, the Pacific Basin, and other developed and emerging countries.

(f)This category consists of two mutual funds, one of which invests primarily of large U.S. – based growth companies, the other in fast-growing large cap growth companies with sustainable franchises and positive price momentum.

(g)This category seeks capital appreciation through investments in common stock of small capitalization companies, defined as those with a total market value of no more than $2 billion at the time the fund first invests in them.

(h)This category consists of a passively managed portfolio modeled after the Barclays Capital US Aggregate Float Adjusted Index. The fund invests in Treasury, Agency, corporate, mortgage-backed securities, maintaining a dollar-weighted maturity ranging between 5 and 10 years.

(i)This category consists of a pair of mutual funds which invest in diversified high quality bonds and other fixed income securities, including U.S. Government obligations, mortgage- related and asset-backed securities, corporate and municipal bonds, CMOs, and other securities mostly rated A or better.

(j)This category contains large-cap stocks with above-average yield. The portfolio typically holds between 60-70 stocks.

December 31, 2012			Fair Value Measurements Using
Asset Category	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Mutual funds-Equity
Mid Cap Blend (a)	$	38	$	38	$	—	$	—
Large Cap Value (b)		25		25		—		—
Int’l Large Cap Blend (c)		106		106		—		—
Huntington Disciplined
Equity Fd Tr Shrs II (d)		64		64		—		—
Alernative Stability (e)		24		24		—		—
Mid Cap Blend (f)		56		56		—		—
Natural Resources (g)		41		41		—		—
Mutual funds-Fixed Income
Short-Term Bond (h)		63		63		—		—
Cash
Cash Mgm’t Funds-Taxable		198		198		—		—
Cash Receivable		3		3		—		—
Fixed Income Securities
US Government Obligations		65		65		—		—
Corporate Obligations		159		159		—		—
Equity Securities
Common Stock		331		331		—		—
Common Stock-Foreign		19		19		—		—
Total	$	1,192	$	1,192	$	—	$	—

(a)This category seeks long-term capital appreciation by investing primarily in equity securities of mid-cap companies.

(b)This category contains primarily companies which seek total return on investment, with dividend income as an important component of that return.

(c)This category seeks total return by investing in equities of large cap international companies. The focus of the category’s investments is in companies that have demonstrated the ability to grow the value of the enterprise at a higher rate than the cost of capital.

(d) This category contains primarily companies which seek total return on investment, investing in equity securities, which include put and call options on individual securities and stock indices.

(e) This category seeks total return on investment by investing in equities of companies domiciled in emerging markets.

(f)This category pursues primarily mid cap companies with goals of long-term capital appreciation. It invests in a strategic combination of U.S. and foreign companies whose situs, or geographical locations, gives them a competitive advantage and the potential to outperform.

(g)This category’s objective is to reduce risk related to inflation and diversify into investments which are less correlated to U.S. stocks and bonds.

(h)This category’s objective is to invest in high quality corporate bonds, U.S. Treasuries and government agencies to increase income without assuming a great deal of risk.