v2.4.0.6
Employee Retirement Plans
6 Months Ended
Jun. 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
June 30,
 
Six Months Ended June
30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Dollars in thousands)
 
Benefits earned during the period
 
$
447
 
$
369
 
$
832
 
$
768
 
Interest cost on projected benefit obligation
 
 
608
 
 
573
 
 
1,186
 
 
1,175
 
Expected return on plan assets
 
 
(525)
 
 
(492)
 
 
(1,044)
 
 
(974)
 
Net amortization and deferral
 
 
441
 
 
430
 
 
822
 
 
900
 
Net pension expense
 
$
971
 
$
880
 
$
1,796
 
$
1,869
 
 
The Company expects to make pension contributions totaling approximately $1.6 million during 2013.