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Pension Plans (Tables)
3 Months Ended
Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of the components of pension (income) expense

The Company recorded pension income totaling $285,000 and $149,000 for the three months ended March 31, 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 March 31,  
    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   $             56             56        
Interest cost     349       372       53       67       402       439  
Expected return on plan assets     (689 )     (591 )                 (689 )     (591 )
Amortization of transition obligation                                    
Amortization of net (gain)/loss           3       (54 )           (54 )     3  
Amortization of prior service cost                                    
   Net periodic pension cost   $ (340 )     (216 )     55       67       (285 )     (149 )