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10. Employee Benefits | 9 Months Ended
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Sep. 30, 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 and nine-month periods ended September 30, 2014 and 2013.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |  |  | (In thousands) |
Components of net periodic cost (benefit) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | – |
Interest cost |  |  | 220 |  |  |  | 210 |  |  |  | 660 |  |  |  | 630 |
Expected return on assets |  |  | (432 | ) |  |  | (335 | ) |  |  | (1,296 | ) |  |  | (1,005 | )
Amortization of transition (asset)/obligation |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Amortization of net (gain) / loss |  |  | – |  |  |  | 117 |  |  |  | – |  |  |  | 351 |
Net periodic cost (benefit) |  | $ | (212 | ) |  | $ | (8 | ) |  | $ | (636 | ) |  | $ | (24 | )
We contributed $237,000 to the Plan during the nine-month period ended September 30, 2014 and we do not anticipate making any further contributions for the remainder of 2014.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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