NOTE 9 - PENSION PLAN BENEFITS

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

PENSION PLAN BENEFITS

NOTE 9 - PENSION PLAN BENEFITS

The Company has a supplemental retirement plan for key executives and a supplemental retirement plan for certain retired key executives and directors. These plans are nonqualified defined benefit plans and are unsecured. Total contributions paid were $63,000 for the three months ended June 30, 2013 and 2012. Components of net periodic benefit cost for the Company’s supplemental nonqualified defined benefit plans for the three and six months ended June 30, 2013 and 2012 are presented in the following table (in thousands):

	Three months ended June 30,				Six months ended June 30,
Components of net periodic benefits cost:	2013		2012		2013		2012
Service cost	$	171	$	151	$	341	$	301
Interest cost		93		83		186		167
Prior service amortization		24		24		49		49
Recognized net actuarial loss		49		10		98		20
Total components of net periodic cost	$	337	$	268	$	674	$	537

		June 30, 2013		December 31, 2012
Total Liability of Pension Plan Benefits	$	8,699	$	9,443