Retirement Benefits

9 Months Ended

Sep. 30, 2011

Note 8 - Retirement Benefits

The Bank maintains the West Suburban Bank 401(k) Profit Sharing Plan (the “401(k) Plan”), which serves as the Company’s principal retirement plan. The 401(k) Plan was established to address the limited availability of West Suburban common stock for acquisition by the ESOP and to offer participants an avenue to diversify their retirement savings.

The ESOP provides incentives to employees by granting participants an interest in West Suburban common stock, which represents the ESOP’s primary investment. An individual account is established for each participant and the benefits payable upon retirement, termination, disability or death are based upon service, the amount of the employer’s contributions and any income, expenses, gains and losses and forfeitures allocated to the participant’s account.

The Company also maintains a noncontributory postretirement benefit plan covering certain senior executives. The plan provides postretirement medical, dental and long term care coverage for certain executives and their surviving spouses.

The eligible retirement age under the plan is age 62 and the plan is unfunded. Net postretirement benefit costs are summarized in the following tables:

	Nine Months Ended
	September 30,
	2011		2010
Service cost	$	23	$	26
Interest cost	42		44
Amortization of prior service cost	16		16
Recognized net actuarial gain	17		16
Net periodic benefit cost	$	98	$	102

	Three Months Ended
	September 30,
	2011		2010
Service cost	$	7	$	9
Interest cost	14		15
Amortization of prior service cost	6		5
Recognized net actuarial gain	6		6
Net periodic benefit cost	$	33	$	35

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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+ Details

WEST SUBURBAN BANCORP INC 10-Q