(3)	Benefit Plans

The table below outlines the components of the Company's net periodic benefit recognized during the three and nine months ended September 30, 2015 and 2014 for its pension and other postretirement benefit plans:

	For the three months ended September 30,
	Pension Benefits						Other Postretirement Benefits
(dollars in thousands)	2015			2014			2015			2014

Service cost	$	15			8			47			46
Interest cost		337			359			72			99
Expected return on plan assets		(684	)		(660	)		(182	)		(166	)
Amortization of net loss (gain)		77			-			(34	)		(77	)
Amortization of prior service cost (credit)		-			-			23			239
Net periodic benefit	$	(255	)		(293	)		(74	)		141

	For the nine months ended September 30,
	Pension Benefits					Other Postretirement Benefits
(dollars in thousands)		2015		2014			2015		2014

Service cost	$	45		44			125		75
Interest cost		997		1,031			201		163
Expected return on plan assets		(2,052	)	(1,878	)		(543	)	(504	)
Amortization of net loss (gain)		158		-			(105	)	(223	)
Amortization of prior service cost (credit)		-		-			68		149
Net periodic benefit	$	(852	)	(803	)		(254	)	(340	)

The Company previously disclosed in its consolidated financial statements for the year ended December 31, 2014, that it did not expect to make contributions to its pension and postretirement benefit plans in 2015. As of September 30, 2015, no contributions have been made, however, this decision is reviewed each quarter and is subject to change based upon market conditions.

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.