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Defined Benefit Plans
6 Months Ended
Jun. 30, 2013
Compensation And Retirement Disclosure [Abstract]  
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
June 30,
    Six Months Ended
June 30,
 
     2013     2012     2013     2012  

Expected return on plan assets, net of expenses

   $ (2,772   $ (2,603   $ (5,544   $ (5,206

Interest cost on projected benefit obligation

     1,836        1,950        3,671        3,900   

Net amortization and deferral

     1,639        1,428        3,279        2,657   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic cost (benefit)

   $ 703      $ 775      $ 1,406      $ 1,351   
  

 

 

   

 

 

   

 

 

   

 

 

 

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 six months ended June 30, 2013. The Corporation does not expect to make any contributions to the qualified defined benefit plan during the remainder of 2013.