EMPLOYEE BENEFIT PLANS (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2022 | |
| Defined Benefit Plan Disclosure [Line Items] | |
| Schedule of Components of Net Periodic Benefit Cost |
Three Months Ended March 31,
(Dollars in Thousands)
2022
2021
Service Cost
$
1,572
$
1,743
Interest Cost
1,166
1,221
Expected Return on Plan Assets
(2,675)
(2,787)
Prior Service Cost Amortization
4
4
Net Loss Amortization
428
1,691
Pension Settlement
209
-
Net Periodic Benefit Cost
$
704
$
1,872
Discount Rate Used for Benefit Cost
3.11%
2.88%
Long-term Rate of Return on Assets
6.75%
6.75%
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| Supplemental Executive Retirement Plan [Member] | |
| Defined Benefit Plan Disclosure [Line Items] | |
| Schedule of Components of Net Periodic Benefit Cost |
The components of the net periodic benefit cost for the Company's SERP plans were as follows:
Three Months Ended March 31,
(Dollars in Thousands)
2022
2021
Service Cost
$
8
$
9
Interest Cost
79
59
Prior Service Cost Amortization
69
19
Net Loss Amortization
180
198
Net Periodic Benefit Cost
$
336
$
285
Discount Rate Used for Benefit Cost
2.80%
2.38%
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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