Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Accumulated post-retirement benefit obligation, funded status, net periodic benefit cost and assumptions used

The following table sets forth the accumulated postretirement benefit obligation and funded status:

At December 31,	2012			2011			2010
Change in benefit obligations
Benefit obligation at beginning of year:	$	1,848,000		$	1,796,000		$	1,962,000
Service cost		16,000			12,000			15,000
Interest cost		107,000			112,000			117,000
Benefits paid		(103,000	)		(134,000	)		(136,000	)
Actuarial (gain) loss		86,000			62,000			(162,000	)
Benefit obligation at end of year:	$	1,954,000		$	1,848,000		$	1,796,000
Funded status
Benefit obligation at end of year	$	(1,954,000	)	$	(1,848,000	)	$	(1,796,000	)
Unamortized prior service cost		186,000			100,000			49,000
Unrecognized transition obligation		5,000			34,000			63,000
Accrued benefit cost	$	(1,763,000	)	$	(1,714,000	)	$	(1,684,000	)
Weighted average discount rate as of December 31		4.5	%		6.5	%		6.5	%

Schedule of net benefit costs

The following table sets forth the net periodic pension cost:

For the years ended December 31,	2012			2011			2010
Components of net periodic benefit cost
Service cost	$	16,000		$	12,000		$	15,000
Interest cost		107,000			112,000			117,000
Amortization of unrecognized transition obligation		29,000			29,000			29,000
Amortization of prior service credit		-			-			-
Amortization of accumulated losses		-			11,000			22,000
Net periodic benefit cost	$	152,000		$	164,000		$	183,000
Weighted average discount rate for net periodic cost		4.5	%		6.5	%		6.5	%

Schedule of net periodic benefit cost not yet recognized

In accordance with FASB ASC Topic 715, "Compensation – Retirement Benefits", amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive income (loss) are as follows:

At December 31,	2012			2011			Portion to Be Recognized in Income in 2013
Unamortized net actuarial loss	$	(186,000	)	$	(100,000	)	$	14,000
Unrecognized transition obligation		(5,000	)		(34,000	)		5,000
		(191,000	)		(134,000	)		19,000
Deferred tax benefit (expense) at 35%		68,000			47,000			(7,000	)
Net unrecognized post-retirement benefits included in accumulated other comprehensive income (loss)	$	(123,000	)	$	(87,000	)	$	12,000

Unrealized gain or loss on postretirement benefit

The following table summarizes activity in the unrealized gain or loss on postretirement benefits included in other comprehensive income for the years ended December 31, 2012 and 2011:

For the years ended December 31,	2012			2011
Unrecognized postretirement benefits at beginning of period	$	(87,000	)	$	(73,000	)
Change in unrecognized postretirement benefits		(57,000	)		(22,000	)
Related deferred taxes		21,000			8,000
Unrecognized postretirement benefits at end of period	$	(123,000	)	$	(87,000	)