Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Pension Plan

Reconciliation of benefit obligation

($ in thousands)	2012			2011			2010
Change in benefit obligation
Benefit obligation at beginning of year	$	40,084			31,140			25,395
Service cost		1,835			1,782			1,754
Interest cost		1,451			1,638			1,555
Actuarial (gain) loss		(4,006	)		6,004			2,830
Benefits paid		(503	)		(480	)		(394	)
Curtailment gain		(6,589	)		—			—
Benefit obligation at end of year		32,272			40,084			31,140
Change in plan assets
Plan assets at beginning of year		24,466			22,431			17,793
Actual return on plan assets		3,661			15			2,532
Employer contributions		2,500			2,500			2,500
Benefits paid		(503	)		(480	)		(394	)
Plan assets at end of year		30,124			24,466			22,431
Funded status at end of year	$	(2,148	)		(15,618	)		(8,709	)

Amounts recognized in balance sheet

($ in thousands)	2012			2011
Other assets – prepaid pension asset	$	1,232			671
Other liabilities		(3,380	)		(16,289	)
	$	(2,148	)		(15,618	)

Amounts recognized in other comprehensive income

($ in thousands)	2012			2011
Net loss	$	3,380			16,213
Net transition obligation		—			32
Prior service cost		—			44
Amount recognized in AOCI before tax effect		3,380			16,289
Tax benefit		(1,317	)		(6,434	)
Net amount recognized as reduction to AOCI	$	2,063			9,855

Reconciliation of balances in AOCI

($ in thousands)	2012			2011
Accumulated other comprehensive loss at beginning of fiscal year	$	9,855			5,432
Net (gain) loss arising during period		(12,288	)		7,707
Prior service cost		(32	)		—
Transition Obligation		(30	)		—
Amortization of unrecognized actuarial loss		(545	)		(382	)
Amortization of prior service cost and transition obligation		(14	)		(13	)
Tax expense (benefit) of changes during the year, net		5,117			(2,889	)
Accumulated other comprehensive loss at end of fiscal year	$	2,063			9,855

Reconciliation of prepaid pension costs

($ in thousands)	2012			2011
Prepaid pension cost as of beginning of fiscal year	$	671			270
Net periodic pension cost for fiscal year		(1,876	)		(2,099	)
Actual employer contributions		2,500			2,500
Effect of curtailment		(63	)		—
Prepaid pension asset as of end of fiscal year	$	1,232			671

Net pension costs

($ in thousands)	2012			2011			2010
Service cost – benefits earned during the period	$	1,835			1,782			1,754
Interest cost on projected benefit obligation		1,451			1,638			1,555
Expected return on plan assets		(1,969	)		(1,716	)		(1,479	)
Net amortization and deferral		559			395			465
Net periodic pension cost	$	1,876			2,099			2,295

Expected benefit payments

($ in thousands)	Estimated benefit payments
Year ending December 31, 2013	$	723
Year ending December 31, 2014		860
Year ending December 31, 2015		968
Year ending December 31, 2016		1,160
Year ending December 31, 2017		1,302
Years ending December 31, 2018-2022		9,013

Targeted mix of the Pension Plan's assets

Investment type	Targeted % of Total Assets		Acceptable Range % of Total Assets
Fixed income investments
Cash/money market account		2%	1%-5%
US government bond fund		10%	10%-20%
US corporate bond fund		10%	5%-15%
US corporate high yield bond fund		5%	0%-10%
Equity investments
Large cap value fund		20%	20%-30%
Large cap growth fund		20%	20%-30%
Mid cap equity fund		10%	5%-15%
Small cap growth fund		8%	5%-15%
Foreign equity fund		10%	5%-15%
Company stock		5%	0%-10%

Investment category benchmarks

Investment Category	Investment Category Benchmark	Range of Acceptable Deviation from Investment Category Benchmark
Fixed income investments
Cash/money market account	Citigroup Treasury Bill Index – 3 month	0-50 basis points
US government bond fund	Barclays Intermediate Government Bond Index	0-200 basis points
US corporate bond fund	Barclays Aggregate Index	0-200 basis points
US corporate high yield bond fund	Barclays High Yield Index	0-200 basis points
Equity investments
Large cap value fund	Russell 1000 Value Index	0-300 basis points
Large cap growth fund	Russell 1000 Growth Index	0-300 basis points
Mid cap equity fund	Russell Mid Cap Index	0-300 basis points
Small cap growth fund	Russell 2000 Growth Index	0-300 basis points
Foreign equity fund	MSCI EAFE Index	0-300 basis points
Company stock	Russell 2000 Index	0-300 basis points

Fair value of plan assets

($ in thousands)
	Total Fair Value at December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fixed income investments
Money market funds	$	441		—		441		—
US government bond fund		2,995		2,995		—		—
US corporate bond fund		3,008		3,008		—		—
US corporate high yield bond fund		1,563		1,563		—		—
Equity investments
Large cap value fund		6,101		6,101		—		—
Large cap growth fund		6,020		6,020		—		—
Small cap growth fund		2,514		2,514		—		—
Mid cap growth fund		3,153		3,153		—		—
Foreign equity fund		3,147		3,147		—		—
Company stock		1,182		1,182		—		—
Total	$	30,124		29,683		441		—

The fair values of the Company’s pension plan assets at December 31, 2011, by asset category, are as follows:

($ in thousands)
	Total Fair Value at December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fixed income investments
Money market funds	$	831		—		831		—
US government bond fund		2,356		2,356		—		—
US corporate bond fund		2,331		2,331		—		—
US corporate high yield bond fund		1,195		1,195		—		—
Equity investments
Large cap value fund		5,194		5,194		—		—
Large cap growth fund		4,883		4,883		—		—
Small cap growth fund		2,030		2,030		—		—
Mid cap growth fund		2,491		2,491		—		—
Foreign equity fund		2,328		2,328		—		—
Company stock		827		827		—		—
Total	$	24,466		23,635		831		—

Assumptions used in determining actuarial information

	2012				2011				2010
	Pension Plan		SERP		Pension Plan		SERP		Pension Plan		SERP
Discount rate used to determine net periodic pension cost		4.39%		4.39%		5.59%		5.59%		6.00%		6.00%
Discount rate used to calculate end of year liability disclosures		3.97%		3.97%		4.39%		4.39%		5.59%		5.59%
Expected long-term rate of return on assets		7.75%		n/a		7.75%		n/a		7.75%		n/a
Rate of compensation increase		3.50%		3.50%		5.00%		5.00%		5.00%		5.00%

SERP

Reconciliation of benefit obligation

($ in thousands)	2012			2011			2010
Change in benefit obligation
Projected benefit obligation at beginning of year	$	8,064			7,433			6,222
Service cost		303			292			408
Interest cost		280			351			377
Actuarial (gain) loss		(1,201	)		93			531
Benefits paid		(146	)		(105	)		(105	)
Curtailment gain		(487	)		—			—
Projected benefit obligation at end of year		6,813			8,064			7,433
Plan assets		—			—			—
Funded status at end of year	$	(6,813	)		(8,064	)		(7,433	)

Amounts recognized in balance sheet

($ in thousands)	2012			2011
Other assets – prepaid pension asset (liability)	$	(6,614	)		(6,075	)
Other liabilities		(199	)		(1,989	)
	$	(6,813	)		(8,064	)

Amounts recognized in other comprehensive income

($ in thousands)	2012			2011
Net (gain) loss	$	199			1,887
Prior service cost		—			102
Amount recognized in AOCI before tax effect		199			1,989
Tax benefit		(79	)		(786	)
Net amount recognized as reduction to AOCI	$	120			1,203

Reconciliation of balances in AOCI

($ in thousands)	2012			2011
Accumulated other comprehensive loss at beginning of fiscal year	$	1,203			1,165
Net (gain) loss arising during period		(1,687	)		93
Prior service cost		(83	)		—
Amortization of unrecognized actuarial loss		—			(12	)
Amortization of prior service cost and transition obligation		(19	)		(19	)
Tax expense (benefit) of changes during the year, net		706			(24	)
Accumulated other comprehensive loss at end of fiscal year	$	120			1,203

Reconciliation of prepaid pension costs

($ in thousands)	2012			2011
Prepaid pension cost (liability) as of beginning of fiscal year	$	(6,075	)		(5,507	)
Net periodic pension cost for fiscal year		(602	)		(673	)
Benefits paid		146			105
Effect of curtailment		(83	)		—
Prepaid pension cost (liability) as of end of fiscal year	$	(6,614	)		(6,075	)

Net pension costs

($ in thousands)	2012		2011		2010
Service cost – benefits earned during the period	$	303		292		408
Interest cost on projected benefit obligation		280		351		377
Net amortization and deferral		19		30		100
Net periodic pension cost	$	602		673		885

Expected benefit payments

($ in thousands)	Estimated benefit payments
Year ending December 31, 2013	$	215
Year ending December 31, 2014		220
Year ending December 31, 2015		263
Year ending December 31, 2016		330
Year ending December 31, 2017		357
Years ending December 31, 2018-2022		2,309