Pension Plans (Tables)

9 Months Ended

Sep. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of the components of pension (income) expense

The Company recorded pension income totaling $98,000 for the three months ended September 30, 2013, which primarily related to investment income from the Pension Plan’s assets. For the three months ended September 30, 2012, the Company recorded pension expense totaling $410,000 related to the Pension Plan and the SERP. The following table contains the components of the pension (income) expense.

	For the Three Months Ended September 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	$	—			386			153		67			153			453
Interest cost		287			326			18		61			305			387
Expected return on plan assets		(571	)		(492	)		—		—			(571	)		(492	)
Amortization of transition obligation		—			—			—		—			—			—
Amortization of net (gain)/loss		15			71			—		(17	)		15			54
Amortization of prior service cost		—			3			—		5			—			8
Net periodic pension cost	$	(269	)		294			171		116			(98	)		410

The Company recorded pension income totaling $425,000 for the nine months ended September 30, 2013, which primarily related to investment income from the Pension Plan’s assets. For the nine months ended September 30, 2012, the Company recorded pension expense totaling $2,068,000 related to the Pension Plan and the SERP. The following table contains the components of the pension (income) expense.

	For the Nine Months Ended September 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	$	—			1,449			153		236		153			1,685
Interest cost		966			1,125			152		219		1,118			1,344
Expected return on plan assets		(1,730	)		(1,477	)		—		—		(1,730	)		(1,477	)
Amortization of transition obligation		—			2			—		—		—			2
Amortization of net (gain)/loss		34			474			—		17		34			491
Amortization of prior service cost		—			9			—		14		—			23
Net periodic pension cost	$	(730	)		1,582			305		486		(425	)		2,068