COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

6 Months Ended

Jun. 30, 2015

NOTE 10 COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

The components of net periodic expense for the Corporation’s pension and other benefit plans for the periods indicated are as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Qualified Pension Plan
Service cost, benefits earned during the period	$	353		$	271		$	707		$	542
Interest cost on projected benefit obligation		457			435			914			870
Expected return on plan assets		(824	)		(793	)		(1,647	)		(1,586	)
Amortization of unrecognized transition obligation		-			-			-			-
Amortization of unrecognized prior service cost		3			2			5			4
Amortization of unrecognized net loss		369			160			737			320
Net periodic pension cost	$	358		$	75		$	716		$	150

Supplemental Pension Plan
Service cost, benefits earned during the period	$	11		$	10		$	22		$	20
Interest cost on projected benefit obligation		12			13			24			26
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		-			-			-			-
Amortization of unrecognized net loss		13			5			26			10
Net periodic supplemental pension cost	$	36		$	28		$	72		$	56

Postretirement Plan, Medical and Life
Service cost, benefits earned during the period	$	12		$	11		$	24		$	22
Interest cost on projected benefit obligation		16			18			32			36
Expected return on plan assets		-			-			-			-
Amortization of unrecognized prior service cost		(24	)		(24	)		(48	)		(48	)
Amortization of unrecognized net loss		2			-			4			-
Net periodic postretirement, medical and life cost	$	6		$	5		$	12		$	10