Pension Plan (Tables)

	Years ended December 31,
	2012			2011
	(in thousands)
Change in benefit obligation
Benefit obligation at beginning of year	$	5,875		$	5,896
Service cost		0			0
Interest cost		289			305
Benefits paid		(852	)		(572	)
Actuarial loss		950			246
Benefit obligation at end of year	$	6,262		$	5,875

Change in plan assets
Fair value of plan assets at beginning of year	$	5,721		$	6,156
Actual return on plan assets		299			137
Employer contribution		0			0
Benefits paid		(852	)		(572	)
Fair value of plan assets at end of year	$	5,168		$	5,721

Funded Status at end of year	$	(1,094	)	$	(154	)


Accumulated benefit obligation		$	6,262			$	5,875


Amounts recognized in the consolidated balance sheets at December 31,
Accrued pension liability	$	(1,094	)	$	(154	)

Amounts recognized in other comprehensive income (loss)
Loss	$	3,309		$	2,842
Deferred taxes		(1,125	)		(966	)
Net loss	$	2,184		$	1,876

Assumptions used to determine the benefit obligations at December 31,		2012				2011
Discount rate			4.10	%			5.00	%

	Years ended December 31,
Weighted-average assumptions used to determine net periodic pension cost	2012			2011
Discount rate		5.00	%		5.30	%
Expected long-term rate of return on plan assets		7.00	%		7.00	%

	Years ended December 31,
Components of net periodic pension cost	2012			2011
	(in thousands)
Interest cost	$	289		$	305
Expected return on plan assets		(371	)		(418	)
Amortization of unrecognized loss		262			175
Preliminary Net periodic pension cost		180			62
Settlement/Curtailment Expense		292			0
Net Periodic Pension Cost	$	472		$	62

Components of other amounts recognized in other comprehensive income
Net actuarial loss	$	1,022		$	527
Settlement loss		(292	)		0
Amortization of actuarial loss		(262	)		(175	)
Total recognized in other comprehensive income	$	468		$	352

Total recognized in net periodic benefit cost and other comprehensive income	$	940		$	414

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, 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

	Assets at Fair Value as of December 31, 2011
	(in thousands)
Asset Category	Level 1		Level 2		Level 3		Total
Money market funds	$	311	$	0	$	0	$	311
U.S. Government securities		100		0		0		100
Mutual Funds		123		0		0		123
Common Stock		3,232		0		0		3,232
Corporate bonds		0		1,955		0		1,955
Total assets at fair value	$	3,766	$	1,955	$	0	$	5,721

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