Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.22.2.2
EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 30, 2022
Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Components of Net Periodic Benefit Cost
Three Months Ended September 30,
Nine Months Ended September 30,
(Dollars in Thousands)
2022
2021
2022
2021
Service Cost
$
1,572
$
1,743
$
4,717
$
5,229
Interest Cost
1,166
1,221
3,499
3,664
Expected Return on Plan Assets
(2,675)
(2,787)
(8,026)
(8,361)
Prior Service Cost Amortization
4
4
11
11
Net Loss Amortization
428
1,691
1,285
5,073
Pension Settlement
102
500
480
2,500
Net Periodic Benefit Cost
$
597
$
2,372
$
1,966
$
8,116
Discount Rate
3.11%
2.88%
3.11%
2.88%
Long-term Rate of Return on Assets
6.75%
6.75%
6.75%
6.75%
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 and SERP II were as follows:
Three Months Ended September 30,
Nine Months Ended September 30,
(Dollars in Thousands)
2022
2021
2022
2021
Service Cost
$
8
$
9
$
24
$
27
Interest Cost
79
61
237
183
Prior Service Cost Amortization
69
69
207
157
Net Loss Amortization
180
243
540
683
Net Periodic Benefit Cost
$
336
$
382
$
1,008
$
1,050
Discount Rate
2.80%
2.38%
2.80%
2.38%