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Pension
3 Months Ended
Mar. 31, 2014
Pension [Abstract]  
Pension

Note 8. Pension

The components of pension expense for the periods presented are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31

(Dollars in thousands)

2014

 

2013

Components of net periodic cost:

 

 

 

 

 

Service cost

$

86 

 

$

114 

Interest cost

 

197 

 

 

179 

Expected return on plan assets

 

(290)

 

 

(312)

Recognized net actuarial loss

 

82 

 

 

159 

Net period cost

$

75 

 

$

140 

 

 

 

 

 

 

 

The Bank expects its pension expense to decrease to approximately $275 thousand in 2014 compared to $560 thousand in 2013