Employee Benefit Plans

9 Months Ended

Sep. 30, 2015

Employee Benefit Plans [Abstract]

Employee Benefit Plans

NOTE 7: EMPLOYEE BENEFIT PLANS

Pension Plan

Prior to January 1995, we maintained a noncontributory defined benefit plan (the “Pension Plan”) covering all eligible employees. During 1995, the Pension Plan was curtailed. Accordingly, all accrued benefits were fully vested and no additional years of service or age will be accrued.

The following tables summarize the components of net periodic benefit cost and other changes in Pension Plan assets and benefit obligations recognized for the three and nine months ended September 30, 2015 and 2014:

	Three Months Ended				Nine Months Ended
	September					September
(In thousands)	2015		2014		2015		2014
Interest cost	$	112	$	116	$	336	$	348
Expected return on plan assets		(264)		(265)		(791)		(795)
Service costs		13		11		39		33
Net loss amortization		103		31		308		97
Net periodic pension cost	$	(36)	$	(107)	$	(108)	$	(317)

We have no minimum required contribution for 2015.

Our Pension Investment Policy Statement sets forth the investment objectives and constraints of the Pension Plan. The purpose of the policy is to assist our Retirement Plan Committee in effectively supervising, monitoring, and evaluating the Pension Plan.