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Defined Pension Plans | 6 Months Ended
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Jun. 30, 2013
Defined Pension Plans [Abstract] |
Defined Pension Plans | Note 9 - Defined Pension Plans The Company has a noncontributory defined benefit pension plan, which covers most of its employees. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs:
| Estimated |  | Actual
(In thousands) | 2013 |  | 2012
Service cost - benefits earned during the year | $ | 3,519 |  |  | $ | 2,799 |
Interest cost on projected benefit obligation |  | 2,821 |  |  |  | 2,570 |
Expected return on plan assets |  | (4,472 | ) |  |  | (3,967 | )
Net amortization and deferral |  | 1,849 |  |  |  | 1,473 |
Net periodic pension cost | $ | 3,717 |  |  | $ | 2,875 |
Pension costs recorded to expense were $923,000 and $665,000 for the three-month periods ended June 30, 2013 and 2012, respectively, and totaled $1,858,000 and $1,330,000 for the six-month periods ended June 30, 2013 and 2012, respectively. The Company made a contribution of $500,000 to the plan during the three-month period ended June 30, 2013, for a total of $1,000,000 for the six-month period ending June 30, 2013, and expects to contribute an additional $1,000,000 in 2013. In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2012 and an estimate for 2013:
| Estimated |  | Actual
(In thousands) | 2013 |  | 2012
Service cost - benefits earned during the year | $ | 144 |  | $ | 115
Interest cost on projected benefit obligation |  | 335 |  |  | 307
Net amortization |  | 551 |  |  | 360
Net periodic pension cost | $ | 1,030 |  | $ | 782
Pension costs recorded to expense were $255,000 and $223,000 for the three-month periods ended June 30, 2013 and 2012, respectively, and were $515,000 and $447,000 for the six-month periods ended June 30, 2013 and 2012, respectively.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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