EMPLOYEE BENEFIT PLANS (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Defined Benefit Plan Disclosure [Line Items] | |
| Schedule of Components of Net Periodic Benefit Cost |
Three Months Ended March 31,
(Dollars in Thousands)
2023
2022
Service Cost
$
872
$
1,572
Interest Cost
1,458
1,166
Expected Return on Plan Assets
(1,701)
(2,675)
Prior Service Cost Amortization
1
4
Net Loss Amortization
234
428
Pension Settlement
-
209
Net Periodic Benefit Cost
$
864
$
704
Discount Rate Used for Benefit Cost
5.63%
3.11%
Long-term Rate of Return on Assets
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 plans were as follows:
Three Months Ended March 31,
(Dollars in Thousands)
2023
2022
Service Cost
$
4
$
8
Interest Cost
130
79
Prior Service Cost Amortization
38
69
Net Loss Amortization
(155)
180
Net Periodic Benefit Cost
$
17
$
336
Discount Rate Used for Benefit Cost
5.45%
2.80%
|
| X | ||||||||||
- 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.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Details
|