v2.4.0.6
Employee Retirement Plans
9 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
7.     Employee Retirement Plans
 
The components of the Company’s net pension expense were as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Dollars in thousands)
 
Benefits earned during the period
 
$
447
 
$
352
 
$
1,279
 
$
1,120
 
Interest cost on projected benefit obligation
 
 
608
 
 
571
 
 
1,794
 
 
1,746
 
Expected return on plan assets
 
 
(525)
 
 
(510)
 
 
(1,569)
 
 
(1,484)
 
Net amortization and deferral
 
 
440
 
 
356
 
 
1,262
 
 
1,256
 
Net pension expense
 
$
970
 
$
769
 
$
2,766
 
$
2,638
 
 
The Company made approximately $1.3 million in pension contributions during the nine months ended September 30, 2013. No additional cash contributions are expected for the remainder of 2013.