EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2016

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 7. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost:

	Six Months Ended June 30,								Three Months Ended June 30,
	Pension Benefits				SERP Benefits				Pension Benefits				SERP Benefits
(dollars in thousands)	2016		2015		2016		2015		2016		2015		2016		2015
Interest cost	$	52	$	52	$	24	$	23	$	26	$	26	$	12	$	12
Expected return on plan assets		(70)		(70)		(36)		(39)		(35)		(35)		(18)		(20)
Recognized net actuarial (gain) loss		68		81		40		41		34		41		20		20
Net pension expense (benefit)	$	50	$	63	$	28	$	25	$	25	$	32	$	14	$	12

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 $175,000 to its pension plan and $76,000 to its SERP as of June 30, 2016.  The Company expects to contribute $146,000 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.