Pension Plans (Tables)

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of the components of pension (income) expense

The Company recorded pension income totaling $242,000 and $190,000 for the three months ended June 30, 2014 and 2013, respectively, which primarily related to investment income from the Pension Plan’s assets. The following table contains the components of the pension income.

	For the Three Months Ended June 30,
	2014			2013			2014			2013		2014 Total			2013 Total
($ in thousands)	Pension Plan			Pension Plan			SERP			SERP		Both Plans			Both Plans
Service cost – benefits earned during the period	$	—			—			80			—		80			—
Interest cost		382			302			53			67		435			369
Expected return on plan assets		(701	)		(574	)		—			—		(701	)		(574	)
Amortization of transition obligation		—			—			—			—		—			—
Amortization of net (gain)/loss		—			15			(56	)		—		(56	)		15
Amortization of prior service cost		—			—			—			—		—			—
Net periodic pension cost	$	(319	)		(257	)		77			67		(242	)		(190	)

The Company recorded pension income totaling $528,000 and $327,000 for the six months ended June 30, 2014 and 2013, respectively, which primarily related to investment income from the Pension Plan’s assets. The following table contains the components of the pension income.

	For the Six Months Ended June 30,
	2014			2013			2014			2013		2014 Total			2013 Total
($ in thousands)	Pension Plan			Pension Plan			SERP			SERP		Both Plans			Both Plans
Service cost – benefits earned during the period	$	—			—			136			—		136			—
Interest cost		731			680			105			134		836			814
Expected return on plan assets		(1,390	)		(1,159	)		—			—		(1,390	)		(1,159	)
Amortization of transition obligation		—			—			—			—		—			—
Amortization of net (gain)/loss		—			18			(110	)		—		(110	)		18
Amortization of prior service cost		—			—			—			—		—			—
Net periodic pension cost	$	(659	)		(461	)		131			134		(528	)		(327	)