Pension Plans (Tables)

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of the components of pension (income) expense

The Company recorded pension income totaling $190,000 for the three months ended June 30, 2013, which primarily related to investment income from the Pension Plan’s assets. For the three months ended June 30, 2012, the Company recorded pension expense totaling $619,000 related to the Pension Plan and the SERP. The following table contains the components of the pension (income) expense.

	For the Three Months Ended June 30,
	2013			2012			2013		2012		2013 Total			2012 Total
($ in thousands)	Pension Plan			Pension Plan			SERP		SERP		Both Plans			Both Plans
Service cost – benefits earned during the period	$	—			457			—		76		—			533
Interest cost		302			363			67		70		369			433
Expected return on plan assets		(574	)		(492	)		—		—		(574	)		(492	)
Amortization of transition obligation		—			1			—		—		—			1
Amortization of net (gain)/loss		15			136			—		—		15			136
Amortization of prior service cost		—			3			—		5		—			8
Net periodic pension cost	$	(257	)		468			67		151		(190	)		619

The Company recorded pension income totaling $327,000 for the six months ended June 30, 2013, which primarily related to investment income from the Pension Plan’s assets. For the six months ended June 30, 2012, the Company recorded pension expense totaling $1,658,000 related to the Pension Plan and the SERP. The following table contains the components of the pension (income) expense.

	For the Six Months Ended June 30,
	2013			2012			2013		2012		2013 Total			2012 Total
($ in thousands)	Pension Plan			Pension Plan			SERP		SERP		Both Plans			Both Plans
Service cost – benefits earned during the period	$	—			1,061			—		170		—			1,231
Interest cost		680			799			134		157		814			956
Expected return on plan assets		(1,159	)		(984	)		—		—		(1,159	)		(984	)
Amortization of transition obligation		—			2			—		—		—			2
Amortization of net (gain)/loss		18			403			—		34		18			437
Amortization of prior service cost		—			6			—		10		—			16
Net periodic pension cost	$	(461	)		1,287			134		371		(327	)		1,658