Defined Benefit Pension Plans

6 Months Ended

Jun. 30, 2013

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]


	Defined Benefit Pension Plans

The Corporation offers a tax-qualified defined benefit pension plan for the benefit of certain eligible employees who were hired prior to October 1, 2007 and continue to accrue benefits under the plan. Benefits are based on an employee’s years of service and compensation earned during the years of service. The plan is funded on a current basis, in compliance with the requirements of ERISA. The Corporation also has non-qualified retirement plans to provide supplemental retirement benefits to certain employees, as defined in the plans. The supplemental retirement plans provide eligible participants with an additional retirement benefit.

The composition of net periodic benefit cost was as follows for the periods indicated:



(Dollars in thousands)	Qualified Pension Plan												Non-Qualified Retirement Plans
	Three months						Six months						Three months				Six months
Periods ended June 30,	2013			2012			2013			2012			2013		2012		2013		2012
Service cost		$731			$643			$1,461			$1,287			$49		$37		$99		$75
Interest cost	719			706			1,438			1,412			115		126		230		252
Expected return on plan assets	(924		)	(747		)	(1,849		)	(1,493		)	—		—		—		—
Amortization of prior service cost	(9		)	(9		)	(17		)	(17		)	—		—		—		—
Recognized net actuarial loss	414			247			828			491			49		30		98		59
Net periodic benefit cost		$931			$840			$1,861			$1,680			$213		$193		$427		$386

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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+ Details