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10. Employee Benefits
 3 Months Ended
Mar. 31, 2014
Employee Benefits  
Employee Benefits

On March 8, 2002 we acquired MFN Financial Corporation and its subsidiaries in a merger. We sponsor the MFN Financial Corporation Benefit Plan (the “Plan”). Plan benefits were frozen June 30, 2001. The table below sets forth the Plan’s net periodic benefit cost for the three-month periods ended March 31, 2014 and 2013.

 

   Three Months Ended 
   March 31, 
   2014   2013 
   (In thousands) 
Components of net periodic cost (benefit)          
Service cost  $–   $– 
Interest cost   220    210 
Expected return on assets   (432)   (335)
Amortization of transition (asset)/obligation   –    – 
Amortization of net (gain) / loss   –    117 
   Net periodic cost (benefit)  $(212)  $(8)

 

We contributed $112,000 to the Plan during the three-month period ended March 31, 2014 and we anticipate making contributions in the amount of $374,000 for the remainder of 2014.