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EMPLOYEE BENEFIT PLANS
 3 Months Ended
Mar. 31, 2016
Employee Benefit Plans [Abstract]  
EMPLOYEE BENEFIT PLANS
NOTE 7. EMPLOYEE BENEFIT PLANS
 
Components of net periodic benefit cost:
 
 
Three Months Ended March 31,
 
Pension Benefits
 
SERP Benefits
(dollars in thousands)
2016
 
2015
 
2016
 
2015
Interest cost
 $26
 
 $26
 
 $12
 
 $11
Expected return on plan assets
(35)
 
(35)
 
(18)
 
(19)
Recognized net actuarial (gain) loss
34
 
40
 
20
 
21
  Net pension expense (benefit)
 $25
 
 $31
 
 $14
 
 $13
 
The Company previously disclosed in its financial statements for the year ended December 31, 2015 that it expected to contribute $321,000 to its pension plan and $76,000 to its Supplemental Executive Retirement Plan (“SERP”) in 2016.  The Company has contributed $102,000 to its pension plan and $76,000 to its SERP as of March 31, 2016.  The Company expects to contribute $219,000 to its pension plan during the remainder of 2016.  The Company does not expect to make any additional contributions to its SERP during the remainder of 2016.