Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.19.2
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2019
Compensation and Retirement Disclosure [Abstract]  
Schedule of expected benefit payments related to the defined benefit pension plan
Three Months Ended June 30, Six Months Ended June 30,
(Dollars in Thousands) 2019 2018 2019 2018
Service Cost $ 1,529 $ 1,721 $ 3,057 $ 3,442
Interest Cost 1,545 1,415 3,089 2,830
Expected Return on Plan Assets (2,382) (2,391) (4,764) (4,782)
Prior Service Cost Amortization 4 50 8 100
Net Loss Amortization 965 918 1,931 1,837
Net Periodic Benefit Cost $ 1,661 $ 1,713 $ 3,321 $ 3,427
Discount Rate 4.43% 3.71% 4.43% 3.71%
Long-term Rate of Return on Assets 7.25% 7.25% 7.25% 7.25%
Schedule of expected benefit payments related to the SERP
The components of the net periodic benefit cost for the Company's SERP were as follows:
Three Months Ended June 30, Six Months Ended June 30,
(Dollars in Thousands) 2019 2018 2019 2018
Interest Cost $ 87 $ 57 $ 174 $ 113
Net Loss Amortization 190 406 380 813
Net Periodic Benefit Cost $ 277 $ 463 $ 554 $ 926
Discount Rate 4.23% 3.53% 4.23% 3.53%