EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2015

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 7. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

	Nine Months Ended September 30,				Three Months Ended September 30,
	Pension Benefits		SERP Benefits		Pension Benefits		SERP Benefits
(dollars in thousands)	2015	2014	2015	2014	2015	2014	2015	2014
Interest cost	$    77	$    90	$    34	$    38	$    25	$    30	$    11	$    13
Expected return on plan assets	(104)	(94)	(57)	(55)	(34)	(31)	(18)	(19)
Recognized net actuarial (gain) loss	121	88	62	60	40	29	21	20
Net pension expense (benefit)	$    94	$    84	$    39	$    43	$    31	$    28	$    14	$    14

The Company previously disclosed in its financial statements for the year ended December 31, 2014 that it expected to contribute $318,000 to its pension plan and $110,000 to its Supplemental Executive Retirement Plan (“SERP”) in 2015.  The Company has contributed $238,000 to its pension plan and $110,000 to its SERP as of September 30, 2015.  The Company expects to contribute $80,000 to its pension plan during the remainder of 2015.  The Company does not expect to make any additional contributions to its SERP during the remainder of 2015.