9. PENSION PLAN BENEFITS

6 Months Ended

Jun. 30, 2014

Schedule of Pension Retirement Benefits (Details)

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, 2014 and 2013, and total contributions paid were $125,000 for the six months ended June 30, 2014 and 2013. Components of net periodic benefit cost for the Company’s supplemental nonqualified defined benefit plans for the three and six months ended June 30, 2014 and 2013 are presented in the following table (in thousands): 

	Three months ended June 30,				Six months ended June 30,
Components of net periodic benefits cost:	2014		2013		2014		2013
Service cost	$	169	$	171	$	338	$	341
Interest cost		116		93		233		186
Prior service amortization		24		24		49		49
Recognized net actuarial loss		36		49		71		98
Total components of net periodic cost	$	345	$	337	$	691	$	674