COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

9 Months Ended

Sep. 30, 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

	Nine Months Ended						Three Months Ended
	September 30			September 30			September 30				September 30
		2013			2012		2013				2012
Qualified Pension
Service cost, benefits earned during the period	$	1,048,212		$	970,053		$	349,404		$	323,351
Interest cost on projected benefit obligation		1,225,863			1,218,330			408,621			406,110
Expected return on plan assets		(2,181,516	)		(1,990,479	)		(727,172	)		(663,493	)
Amortization of unrecognized transition obligation		-			-			-			-
Amortization of unrecognized prior service cost		10,392			10,392			3,464			3,464
Amortization of unrecognized net loss		1,172,049			991,704			390,683			330,568
Net periodic pension expense	$	1,275,000		$	1,200,000		$	425,000		$	400,000
Supplemental Pension
Service cost, benefits earned during the period	$	30,012		$	26,076		$	10,004		$	8,692
Interest cost on projected benefit obligation		35,924			38,320			11,974			12,773
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		-			-			-			-
Amortization of unrecognized net loss		25,725			14,940			8,575			4,980
Net periodic supplemental pension expense	$	91,661		$	79,336			30,553		$	26,445
Postretirement, Medical and Life
Service cost, benefits earned during the period	$	36,106		$	26,250		$	12,045		$	8,750
Interest cost on projected benefit obligation		47,824			54,000			15,955			18,000
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		(72,750	)		(72,750	)		(24,250	)		(24,250	)
Amortization of unrecognized net loss		3,820			-			1,250			-
Net periodic postretirement, medical and life expense	$	15,000		$	7,500		$	5,000		$	2,500