Benefit Plans

6 Months Ended

Jun. 30, 2011

Benefit Plans [Abstract]

Benefit Plans

3.  Benefit Plans

The table below outlines the components of the Company's net periodic benefit recognized during the three and six month periods ended June 30, 2011 and 2010 for its pension and other postretirement benefit plans:

	For the three months ended June 30,
	Pension Benefits						Other Postretirement Benefits
(dollars in thousands)	2011			2010			2011			2010
Service cost	$	12			14			4			8
Interest cost		379			375			33			15
Expected return on plan assets		(497	)		(454	)		(112	)		(106	)
Amortization of net loss (gain)		39			51			(17	)		-
Amortization of prior service credit		-			-			(30	)		(101	)
Net periodic benefit	$	(67	)		(14	)		(122	)		(184	)

	For the six months ended June 30,
	Pension Benefits						Other Postretirement Benefits
(dollars in thousands)	2011			2010			2011			2010
Service cost	$	23			28			13			16
Interest cost		758			749			49			31
Expected return on plan assets		(993	)		(907	)		(224	)		(211	)
Amortization of net loss (gain)		78			102			(36	)		-
Amortization of prior service credit		-			-			(131	)		(202	)
Net periodic benefit	$	(134	)		(28	)		(329	)		(366	)

The Company previously disclosed in its consolidated financial statements for the year ended December 31, 2010, that it did not expect to make any contributions to its pension and postretirement benefit plans in 2011.  As of June 30, 2011, no contributions have been made.  The Company presently anticipates that it will not make any contributions in 2011.

Since 2003, the Company has not subsidized retiree medical insurance premiums.  However, it continues to provide postretirement medical benefits to a limited number of current and retired executives in accordance with the terms of their employment contracts.