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EMPLOYEE BENEFIT PLANS | 6 Months Ended
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Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract] |
EMPLOYEE BENEFIT PLANS | NOTE 5 - EMPLOYEE BENEFIT PLANS The Company has a defined benefit pension plan covering substantially all full-time and eligible part-time associates and a Supplemental Executive Retirement Plan (“SERP”) covering its executive officers. The components of the net periodic benefit costs for the Company’s qualified benefit pension plan were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(Dollars in Thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Service Cost |  | $ | 1,675 |  |  | $ | 1,500 |  |  | $ | 3,350 |  |  | $ | 3,000 |
Interest Cost |  |  | 1,425 |  |  |  | 1,400 |  |  |  | 2,850 |  |  |  | 2,800 |
Expected Return on Plan Assets |  |  | (1,950 | ) |  |  | (1,875 | ) |  |  | (3,900 | ) |  |  | (3,750 | )
Prior Service Cost Amortization |  |  | 75 |  |  |  | 75 |  |  |  | 150 |  |  |  | 150 |
Net Loss Amortization |  |  | 800 |  |  |  | 325 |  |  |  | 1,600 |  |  |  | 650 |
Net Periodic Cost |  | $ | 2,025 |  |  | $ | 1,425 |  |  | $ | 4,050 |  |  | $ | 2,850 |
Discount Rate |  |  | 4.15 | % |  |  | 5.00 | % |  |  | 4.15 | % |  |  | 5.00 | %
Long-Term Rate of Return on Assets |  |  | 7.50 | % |  |  | 7.50 | % |  |  | 7.50 | % |  |  | 7.50 | %
The components of the net periodic benefit costs for the Company’s SERP were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(Dollars in Thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Interest Cost |  | $ | 28 |  |  | $ | 28 |  |  | $ | 55 |  |  | $ | 55 |
Prior Service Cost Amortization |  |  | 2 |  |  |  | 40 |  |  |  | 5 |  |  |  | 80 |
Net Gain Amortization |  |  | (90 | ) |  |  | (183 | ) |  |  | (180 | ) |  |  | (365 | )
Net Periodic Income |  | $ | (60 | ) |  | $ | (115 | ) |  | $ | (120 | ) |  | $ | (230 | )
Discount Rate |  |  | 4.15 | % |  |  | 5.00 | % |  |  | 4.15 | % |  |  | 5.00 | %

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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- References No definition available. + Details
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