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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Costs of Retirement Plans
The following summarizes the Corporation’s expense under its retirement plans for the years ended December 31:
 
2012
 
2011
 
2010
 
(in thousands)
Fulton Financial Corporation 401(k) Retirement Plan
$
11,983

 
$
11,271

 
$
11,378

Pension Plan
1,834

 
413

 
742

 
$
13,817

 
$
11,684

 
$
12,120
Pension Plans [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost
The net periodic pension cost for the Pension Plan, as determined by consulting actuaries, consisted of the following components for the years ended December 31:
 
2012
 
2011
 
2010
 
(in thousands)
Service cost (1)
$
157

 
$
60

 
$
104

Interest cost
3,223

 
3,412

 
3,367

Expected return on assets
(3,230
)
 
(3,348
)
 
(3,206
)
Net amortization and deferral
1,684

 
289

 
477

Net periodic pension cost
$
1,834

 
$
413

 
$
742

 
(1)
Pension plan service cost for all years presented was related to administrative costs associated with the plan and not due to the accrual of additional participant benefits.
Schedule of Changes in Projected Benefit Obligations
The following table summarizes the changes in the projected benefit obligation and fair value of plan assets for the plan years ended December 31:
 
2012
 
2011
 
(in thousands)
Projected benefit obligation, December 31, 2011
$
77,055

 
$
63,460

Service cost
157

 
60

Interest cost
3,223

 
3,412

Benefit payments
(2,522
)
 
(2,309
)
Change due to change in assumptions
6,070

 
12,652

Experience (gain) loss
49

 
(220
)
Projected benefit obligation, December 31, 2012
$
84,032

 
$
77,055

 
 
 
 
Fair value of plan assets, December 31, 2011
$
55,102

 
$
57,011

Actual return on assets
2,192

 
400

Benefit payments
(2,522
)
 
(2,309
)
Fair value of plan assets, December 31, 2012
$
54,772

 
$
55,102
Schedule of Net Funded Status
he funded status of the Pension Plan, included in other liabilities on the consolidated balance sheets, as of December 31:
 
2012
 
2011
 
(in thousands)
Projected benefit obligation
$
(84,032
)
 
$
(77,055
)
Fair value of plan assets
54,772

 
55,102

Funded status
$
(29,260
)
 
$
(21,953
)
 
Schedule Of Changes In Unrecognized Pension And Postretirement Items
The following table summarizes the changes in the unrecognized net loss included as a component of accumulated other comprehensive loss:
 
Unrecognized Net Loss 
 
Gross of tax
 
Net of tax
 
(in thousands)
Balance as of December 31, 2010
$
9,425

 
$
6,126

Recognized as a component of 2011 periodic pension cost
(289
)
 
(188
)
Unrecognized losses arising in 2011
15,377

 
9,995

Balance as of December 31, 2011
24,513

 
15,933

Recognized as a component of 2012 periodic pension cost
(1,684
)
 
(1,095
)
Unrecognized losses arising in 2012
7,155

 
4,652

Balance as of December 31, 2012
$
29,984

 
$
19,490
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate net periodic pension cost and the present value of benefit obligations as of December 31:
 
2012
 
2011
 
2010
Discount rate-projected benefit obligation
3.75
%
 
4.25
%
 
5.50
%
Expected long-term rate of return on plan assets
6.00
%
 
6.00
%
 
6.00
%
Schedule of Allocation of Plan Assets
The following table presents a summary of the fair values of the Pension Plan’s assets as of December 31:
 
2012
 
2011
 
Estimated
Fair Value
 
% of Total
Assets
 
Estimated
Fair Value
 
% of Total
Assets
 
(dollars in thousands)
Equity mutual funds
$
7,318

 

 
$
9,706

 

Equity common trust funds
4,750

 

 
6,002

 

Equity securities
12,068

 
22.0
%
 
15,708

 
28.5
%
Cash and money market funds
9,422

 

 
8,115

 

Fixed income mutual funds
9,599

 

 
7,983

 

Corporate debt securities
7,345

 

 
6,813

 

U.S. Government agency securities
5,474

 


 
5,716

 


Fixed income securities and cash
31,840

 
58.2
%
 
28,627

 
52.0
%
Other alternative investment funds
10,864

 
19.8
%
 
10,767

 
19.5
%

$
54,772

 
100.0
%
 
$
55,102

 
100.0
%
Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Year
 
2013
$
2,489

2014
2,584

2015
2,830

2016
3,078

2017
3,408

2018 – 2022
20,944

 
$
35,333
Other Postretirement Benefit Plans, Defined Benefit [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost

The components of the expense for postretirement benefits other than pensions are as follows:
 
2012
 
2011
 
2010
 
(in thousands)
Service cost
$
211

 
$
201

 
$
190

Interest cost
346

 
428

 
441

Expected return on plan assets
(2
)
 
(3
)
 
(3
)
Net amortization and deferral
(363
)
 
(363
)
 
(363
)
Net postretirement benefit cost
$
192

 
$
263

 
$
265
Schedule of Net Funded Status

The funded status of the Postretirement Plan, included in other liabilities on the consolidated balance sheets as of December 31, 2012 and 2011 was as follows:
 
2012
 
2011
 
(in thousands)
Accumulated postretirement benefit obligation
$
(9,272
)
 
$
(9,651
)
Fair value of plan assets
45

 
75

Funded status
$
(9,227
)
 
$
(9,576
)
Schedule Of Changes In Unrecognized Pension And Postretirement Items

The following table summarizes the changes in items recognized as a component of accumulated other comprehensive loss:
 
Gross of tax
 
 
 
Unrecognized
Prior Service
Cost
 
Unrecognized
Net Loss (Gain)
 
Total
 
Net of tax
 
(in thousands)
Balance as of December 31, 2010
$
(2,573
)
 
$
(60
)
 
$
(2,633
)
 
$
(1,712
)
Recognized as a component of 2011 postretirement benefit cost
363

 
—

 
363

 
236

Unrecognized losses arising in 2011
—

 
1,042

 
1,042

 
677

Balance as of December 31, 2011
$
(2,210
)
 
$
982

 
$
(1,228
)
 
$
(799
)
Recognized as a component of 2012 postretirement benefit cost
363

 
—

 
363

 
236

Unrecognized gains arising in 2012
—

 
(685
)
 
(685
)
 
(445
)
Balance as of December 31, 2012
$
(1,847
)
 
$
297

 
$
(1,550
)
 
$
(1,008
)
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate net periodic postretirement benefit cost and the present value of benefit obligations as of December 31:
 
2012
 
2011
 
2010
Discount rate-projected benefit obligation
3.75
%
 
4.25
%
 
5.50
%
Expected long-term rate of return on plan assets
3.00
%
 
3.00
%
 
3.00
%
Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Year
 
2013
$
446

2014
440

2015
457

2016
473

2017
478

2018 – 2022
2,539

 
$
4,833
Schedule of Changes in Accumulated Postemployment Benefit Obligations


The following table summarizes the changes in the accumulated postretirement benefit obligation and fair value of plan assets for the years ended December 31:
 
2012
 
2011
 
(in thousands)
Accumulated postretirement benefit obligation, December 31, 2011
$
9,651

 
$
8,345

Service cost
211

 
201

Interest cost
346

 
428

Benefit payments
(249
)
 
(363
)
Experience loss
—

 
(305
)
Change due to change in assumptions
(687
)
 
1,345

Accumulated postretirement benefit obligation, December 31, 2012
$
9,272

 
$
9,651

 
 
 
 
Fair value of plan assets, December 31, 2011
$
75

 
$
105

Employer contributions
219

 
333

Benefit payments
(249
)
 
(363
)
Fair value of plan assets, December 31, 2012
$
45

 
$
75