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EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2012

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Allocation of Plan Assets [Table Text Block]

The Company’s pension plan’s weighted average asset allocation at December 31, 2012 and 2011, by asset category, was as follows:

		Plan Assets at December 31,
		2012				2011
Asset Category:
Equity Securities			52	%			42	%
Fixed Income Securities			40	%			49	%
Other			8	%			9	%
Total			100	%			100	%

Schedule of Assumptions Used [Table Text Block]

Assumptions used in determining the funded status at December 31, 2012 and 2011 were:

		2012				2011
Discount rate			4.23	%			4.60	%
Rate of compensation increase			4.50	%			4.50	%

Schedule of Reconciliation of Change in Benefit and Plan Assets of Both Defined Benefit Pension Plan and Unfunded Supplemental Pension Plan [Table Text Block]

The following is a reconciliation of the change in benefit obligation and plan assets of both the defined benefit pension plan and the unfunded supplemental pension plan for the years ended December 31, 2012 and 2011:

		Defined Benefit Pension Plan								Supplemental Pension Plan
		2012				2011				2012				2011
		(Dollars in thousands)
Change in projected benefit obligation
Projected benefit obligation, beginning of year		$	39,523			$	34,407			$	13,870			$	10,754
Service cost			1,236				977				236				235
Interest cost			1,800				1,807				516				566
Plan amendments			-				-				(1,415	)			-
Actuarial loss (gain)			2,532				3,776				(576	)			2,494
Benefits paid			(1,639	)			(1,444	)			(361	)			(179	)
Projected benefit obligation, end of year		$	43,452			$	39,523			$	12,270			$	13,870
Change in plan assets
Fair value of plan assets, beginning of year			26,655				26,193				-				-
Actual return on plan assets			2,932				400				-				-
Administrative expenses			(129	)			(94	)			-				-
Contributions			-				1,600				361				179
Benefits paid			(1,639	)			(1,444	)			(361	)			(179	)
Fair value of plan assets, end of year		$	27,819			$	26,655			$	-			$	-
Funded status of plan		$	(15,633	)		$	(12,868	)		$	(12,270	)		$	(13,870	)
Amounts recognized in the consolidated balance sheets consist of:
Accrued liabilities - other		$	-			$	-			$	(373	)		$	(394	)
Long-term pension liability			(15,633	)			(12,868	)			(11,897	)			(13,476	)
Net amount recognized		$	(15,633	)		$	(12,868	)		$	(12,270	)		$	(13,870	)
Amounts recognized in accumulated other comprehensive loss consist of:
Accumulated loss, net of income tax benefit of $6,735, $6,575, $2,102 and $2,487, respectively		$	10,534			$	10,283			$	3,288			$	3,891
Prior service cost, net of income tax benefit of $1, $1, ($402) and $106, respectively			1				2				(628	)			166
Net amount recognized		$	10,535			$	10,285			$	2,660			$	4,057

Schedule of Net Periodic Benefit Cost Assumptions [Table Text Block]

Assumptions used in determining net periodic pension cost for the years ended December 31, 2012, 2011 and 2010 were:

		2012				2011				2010
Discount rate			4.60	%			5.40	%			5.95	%
Rate of compensation increase			4.50	%			4.50	%			4.50	%
Long-term rate of return on plan assets			7.75	%			8.00	%			8.00	%

Schedule of Net Benefit Costs [Table Text Block]

The components of net periodic pension cost for the years ended December 31, 2012, 2011 and 2010, were:

		2012				2011				2010
		(Dollars in thousands)
Benefits earned during the period		$	1,472			$	1,212			$	1,187
Interest cost on projected benefit obligation			2,317				2,373				2,449
Expected return on plan assets			(1,994	)			(2,021	)			(1,836	)
Net amortization and deferral			1,612				1,272				1,448
Net pension expense		$	3,407			$	2,836			$	3,248

Schedule of Expected Benefit Payments [Table Text Block]

Projected benefit payments for the plans as of December 31, 2012 were estimated as follows:

		Defined Benefit Pension Plan				Supplemental Pension Plan
		(Dollars in thousands)
2013		$	1,834			$	373
2014		$	1,905			$	390
2015		$	1,968			$	398
2016		$	2,057			$	421
2017		$	2,125			$	427
2018 - 2022		$	11,990			$	2,534

Schedule of Asset Category Within Fair Value Hierarchy of Pension Plan Asset [Table Text Block]

The following table summarizes the fair value of the Company’s pension plan assets as of December 31, 2012 by asset category within the fair value hierarchy (for further level information, see Note 4):

		December 31, 2012
		Quoted Prices				Significant				Significant
		in Active Markets				Observable Inputs				Unobservable Inputs
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Common stocks		$	10,169			$	1,118			$	-			$	11,287
Preferred stocks			1,038				-				-				1,038
Exchange traded funds			3,194				-				-				3,194
Corporate obligations			-				4,573				-				4,573
State and municipal obligations			-				574				-				574
Foreign obligations			-				16				-				16
Pooled fixed income funds			3,212				-				-				3,212
U.S. government securities			-				1,584				-				1,584
Cash and cash equivalents			2,264				-				-				2,264
Subtotal			19,877				7,865				-				27,742
Other assets (1)															77
Total														$	27,819

⁽¹⁾ This category represents trust receivables that are not leveled.

The following table summarizes the fair value of the Company’s pension plan assets as of December 31, 2011 by asset category within the fair value hierarchy (for further level information, see Note 4):

		December 31, 2011
		Quoted Prices				Significant				Significant
		in Active Markets				Observable Inputs				Unobservable Inputs
		Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Common stocks		$	8,329			$	582			$	-			$	8,911
Preferred stocks			859				-				-				859
Exchange traded funds			2,180				-				-				2,180
Corporate obligations			-				4,747				-				4,747
State and municipal obligations			-				806				-				806
Foreign obligations			-				51				-				51
Pooled fixed income funds			4,378				-				-				4,378
U.S. government securities			-				2,288				-				2,288
Cash and cash equivalents			2,337				-				-				2,337
Subtotal			18,083				8,474				-				26,557
Other assets (1)															98
Total														$	26,655

⁽¹⁾ This category represents trust receivables that are not leveled.

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