Defined Benefit Plans

3 Months Ended

Mar. 31, 2013

Defined Benefit Plans

Note 12 – Defined Benefit Plans

The components of the combined net periodic expense for the Corporation’s defined benefit pension plans were as follows:

	Three Months Ended March 31,
	2013			2012
Expected return on plan assets, net of expenses	$	(2,772	)	$	(2,603	)
Interest cost on projected benefit obligation		1,835			1,950
Net amortization and deferral		1,640			1,229
Net periodic expense	$	703		$	576

The Corporation’s non-qualified defined benefit pension plan is not funded. No contributions to the qualified defined benefit pension plan were made during the three months ended March 31, 2013. The Corporation does not expect to make any contributions to the qualified defined benefit plan during the remainder of 2013.