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Pension Plans (Tables)

6 Months Ended

Jun. 30, 2012

Pension Plans Tables

The following table contains the components of the pension expense

		For the Three Months Ended June 30,
		2012				2011				2012				2011				2012 Total				2011 Total
($ in thousands)		Pension Plan				Pension Plan				SERP				SERP				Both Plans				Both Plans
Service cost - benefits earned during the period		$	457				478				76				115				533				593
Interest cost			363				432				70				102				433				534
Expected return on plan assets			(492	)			(444	)			─				─				(492	)			(444	)
Amortization of transition obligation			1				1				─				─				1				1
Amortization of net (gain)/loss			136				114				─				26				136				140
Amortization of prior service cost			3				3				5				5				8				8
Net periodic pension cost		$	468				584				151				248				619				832

The Company recorded pension expense totaling $1,658,000 and $1,664,000 for the six months ended June 30, 2012 and 2011, respectively, related to the Pension Plan and the SERP. The following table contains the components of the pension expense.

		For the Six Months Ended June 30,
		2012				2011				2012				2011				2012 Total				2011 Total
($ in thousands)		Pension Plan				Pension Plan				SERP				SERP				Both Plans				Both Plans
Service cost - benefits earned during the period		$	1,061				956				170				230				1,231				1,186
Interest cost			799				864				157				204				956				1,068
Expected return on plan assets			(984	)			(888	)			─				─				(984	)			(888	)
Amortization of transition obligation			2				2				─				─				2				2
Amortization of net (gain)/loss			403				228				34				52				437				280
Amortization of prior service cost			6				6				10				10				16				16
Net periodic pension cost		$	1,287				1,168				371				496				1,658				1,664

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

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