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EMPLOYEE BENEFITS (Tables)

9 Months Ended

Sep. 30, 2016

EMPLOYEE BENEFITS

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

		Three Months Ended September 30,																Nine Months Ended September 30,
		Pension Benefits								SERP Benefits								Pension Benefits								SERP Benefits
(In thousands)		2016				2015				2016				2015				2016				2015				2016				2015
Service cost		$	288			$	286			$	44			$	42			$	865			$	848			$	132			$	126
Interest cost			199				178				27				23				596				529				79				68
Expected return on plan assets			(482	)			(463	)			-				-				(1,447	)			(1,375	)			-				-
Amortization of net loss			102				95				6				8				305				281				20				24
Amortization of unrecognized prior service cost			(20	)			(19	)			-				-				(58	)			(58	)			-				-
Amortization of unrecognized transition obligation			-				-				7				7				-				-				21				21
Net periodic benefit cost		$	87			$	77			$	84			$	80			$	261			$	225			$	252			$	239

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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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