PENSION PLANS (Tables)

12 Months Ended

Dec. 31, 2012

PENSION PLANS [Abstract]

Plan's Funded Status and Amounts Recognized in the consolidated Balance Sheets

The following table sets forth the plan's funded status and amounts recognized in the Company's consolidated balance sheets:

	For the years ended December 31,
(In thousands)	2012			2011
Change in benefit obligation
Benefit obligation at beginning of year	$	14,942		$	12,526
Service cost		272			306
Interest cost		584			615
Benefits paid		(556	)		(531	)
Actuarial loss		1,655			2,026
Benefits obligation at end of year	$	16,897		$	14,942
Unrecognized prior service cost		269			359
Unrecognized actuarial loss		5,119			3,845
	$	5,388		$	4,204

Assumptions Used to Determine the Benefit Obligations and the Net Periodic Pension Cost

The table below reflects the assumptions used to determine the benefit obligations:

	As of December 31,
	2012			2011
Discount rate		3.25	%		4.00	%
Rate of compensation increase		4.00	%		4.00	%

The table below reflects the assumptions used to determine the net periodic pension cost:

	For the years ended December 31,
	2012			2011			2010
Discount rate		4.00	%		5.00	%		5.50	%
Rate of compensation increase		4.00	%		4.00	%		4.00	%

Components of Net Pension Cost

Net pension cost included the following components:

	For the years ended December 31,
(In thousands)	2012		2011		2010
Service cost	$	272	$	306	$	301
Interest cost		584		615		622
Amortization prior service cost		90		90		90
Amortization net actuarial loss		381		141		54
Net periodic benefit cost	$	1,327	$	1,152	$	1,067

Benefit Payments to be Made From the Non-qualified Pension Plan

Benefit payments to be made from the Non-qualified Pension Plan are as follows:

	As of December 31, 2012
	Non-Qualified
(In thousands)	Pension Plans
2013	$	1,043
2014		983
2015		983
2016		1,021
2017		1,021
Next  five years thereafter		5,487