Pension Plan (Tables)

Information pertaining to the activity in the plan, using a measurement date of December 31, is as follows:

	Years ended December 31,
	2013			2012
	(in thousands)
Change in benefit obligation
Benefit obligation at beginning of year	$	6,262		$	5,875
Service cost		0			0
Interest cost		252			289
Benefits paid		(480	)		(852	)
Actuarial (gain) loss		(378	)		950
Benefit obligation at end of year	$	5,656		$	6,262

Change in plan assets
Fair value of plan assets at beginning of year	$	5,168		$	5,721
Actual return on plan assets		634			299
Employer contribution		0			0
Benefits paid		(480	)		(852	)
Fair value of plan assets at end of year	$	5,322		$	5,168

Funded Status at end of year	$	(334	)	$	(1,094	)

Amounts recognized in the consolidated balance sheets at December 31,	2013					2012
Accrued pension liability		$	(334	)		$	(1,094	)

Amounts recognized in other comprehensive income (loss)
Loss	$	2,345		$	3,309
Deferred taxes		(797	)		(1,125	)
Net loss	$	1,548		$	2,184

Accumulated benefit obligation

5,656

6,262

Assumptions used to determine the benefit obligations at December 31,	2013			2012
Discount rate		4.90%			4.10%

	Years ended December 31,
Weighted-average assumptions used to determine net periodic pension cost	2013			2012
Discount rate		4.10	%		5.00	%
Expected long-term rate of return on plan assets		7.00	%		7.00	%

	Years ended December 31,
Components of net periodic pension cost	2013			2012
	(in thousands)
Interest cost	$	252		$	289
Expected return on plan assets		(351	)		(371	)
Amortization of unrecognized loss		303			262
Preliminary Net periodic pension cost		204			180
Settlement/Curtailment Expense		0			292
Net Periodic Pension Cost	$	204		$	472

Components of other amounts recognized in other comprehensive income
Net actuarial (gain) loss	$	(661	)	$	1,022
Settlement loss		0			(292	)
Amortization of actuarial loss		(303	)		(262	)
Total recognized in other comprehensive income	$	(964	)	$	468

Total recognized in net periodic benefit cost and other comprehensive income	$	(760	)	$	940

Fair value is discussed in detail in Note 15. The fair value of the Company's pension plan assets by asset category are as follows:

	Assets at Fair Value as of December 31, 2013
	(in thousands)
Asset Category	Level 1			Level 2			Level 3			Total
Money market funds		$	240		$	0		$	0		$	240
Mutual Funds			75			0			0			75
Common Stock			2,999			0			0			2,999
Corporate bonds			0			2,008			0			2,008
Total assets at fair value		$	3,314		$	2,008		$	0		$	5,322

	Assets at Fair Value as of December 31, 2012
	(in thousands)
Asset Category	Level 1			Level 2			Level 3			Total
Money market funds		$	356		$	0		$	0		$	356
Mutual Funds			35			0			0			35
Common Stock			2,846			0			0			2,846
Corporate bonds			0			1,931			0			1,931
Total assets at fair value		$	3,237		$	1,931		$	0		$	5,168

Estimated future benefit payments, which reflect expected future service, as appropriate, are as follows (in thousands):