COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

3 Months Ended

Mar. 31, 2013

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS [Abstract]

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

NOTE 10 COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

	Three Months Ended
	March 31,
	2013			2012
Qualified Pension
Service cost, benefits earned during the period	$	349,404		$	323,351
Interest cost on projected benefit obligation		408,621			406,110
Expected return on plan assets		(727,172	)		(663,493	)
Amortization of unrecognized transition obligation		-			-
Amortization of unrecognized prior service cost		3,464			3,464
Amortization of unrecognized net loss		379,990			330,568
Net periodic pension expense	$	414,307		$	400,000
Supplemental Pension
Service cost, benefits earned during the period	$	9,618		$	8,692
Interest cost on projected benefit obligation		11,513			12,773
Expected return on plan assets		-			-
Amortization of unrecognized prior service cost		-			-
Amortization of unrecognized net loss		8,244			4,980
Net periodic supplemental pension expense	$	29,375		$	26,445
Postretirement, Medical and Life
Service cost, benefits earned during the period	$	11,002		$	8,750
Interest cost on projected benefit obligation		14,573			18,000
Expected return on plan assets		-			-
Amortization of unrecognized prior service benefit		(24,250	)		(24,250	)
Amortization of unrecognized net loss		1,175			-
Net periodic postretirement, medical and life expense	$	2,500		$	2,500