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EMPLOYEE BENEFITS (Tables)

6 Months Ended

Jun. 30, 2016

EMPLOYEE BENEFITS

Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income

		Three Months Ended June 30,																Six Months Ended June 30,
		Pension Benefits								SERP Benefits								Pension Benefits								SERP Benefits
(In thousands)		2016				2015				2016				2015				2016				2015				2016				2015
Service cost		$	286			$	283			$	44			$	42			$	577			$	562			$	88			$	83
Interest cost			201				176				26				23				397				351				52				45
Expected return on plan assets			(510	)			(458	)			-				-				(965	)			(912	)			-				-
Amortization of net loss			104				94				7				8				203				187				14				16
Amortization of unrecognized prior service cost			(19	)			(19	)			-				-				(38	)			(38	)			-				-
Amortization of unrecognized transition obligation			-				-				7				7				-				-				14				14
Net periodic benefit cost		$	62			$	76			$	84			$	80			$	174			$	150			$	168			$	158

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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, gain (loss) recognized due to settlements or curtailments and disclosure of the net gain (loss), net prior service cost, transition obligation, amortization of net gain/loss, amortization of prior service cost or credit and amortization of transition obligation or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans.

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- References

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