Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.21.2
EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 30, 2021
Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
Three Months Ended September 30,
Nine Months Ended September 30,
(Dollars in Thousands)
2021
2020
2021
2020
Service Cost
$
1,743
$
1,457
$
5,229
$
4,371
Interest Cost
1,221
1,400
3,664
4,212
Expected Return on Plan Assets
(2,787)
(2,748)
(8,361)
(8,245)
Prior Service Cost Amortization
4
4
11
11
Net Loss Amortization
1,691
974
5,073
2,959
Settlement Loss
500
-
2,500
-
Special Termination
 
Charge
-
-
-
61
Net Periodic Benefit Cost
$
2,372
$
1,087
$
8,116
$
3,369
Discount Rate
2.88%
3.53%
2.88%
3.53%
Long-term Rate of Return on Assets
6.75%
7.00%
6.75%
7.00%
Supplemental Executive Retirement Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
The components of the net periodic benefit cost for the Company's SERP and SERP II
 
were as follows:
Three Months Ended September 30,
Nine Months Ended September 30,
(Dollars in Thousands)
2021
2020
2021
2020
Service Cost
$
9
$
10
$
27
$
21
Interest Cost
61
83
183
238
Prior Service Cost Amortization
69
109
157
218
Net Loss Amortization
243
93
683
410
Net Periodic Benefit Cost
$
382
$
295
$
1,050
$
887
Discount Rate
2.38%
3.16%
2.38%
3.16%