EMPLOYEE BENEFIT PLANS (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2023 | |
| 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)
2023
2022
2023
2022
Service Cost
$
872
$
1,572
$
2,616
$
4,717
Interest Cost
1,458
1,166
4,374
3,499
Expected Return on Plan Assets
(1,701)
(2,675)
(5,104)
(8,026)
Prior Service Cost Amortization
1
4
4
11
Net Loss Amortization
234
428
701
1,285
Pension Settlement Charge
-
102
-
480
Net Periodic Benefit Cost
$
864
$
597
$
2,591
$
1,966
Discount Rate
5.63%
3.11%
5.63%
3.11%
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
Three Months Ended September 30,
Nine Months Ended September 30,
(Dollars in Thousands)
2023
2022
2023
2022
Service Cost
$
4
$
8
$
13
$
24
Interest Cost
120
79
381
237
Prior Service Cost Amortization
38
69
114
207
Net Loss Amortization
(111)
180
(420)
540
Pension Settlement Gain
-
-
(291)
-
Net Periodic Benefit Cost
$
51
$
336
$
(203)
$
1,008
Discount Rate
5.33%
2.80%
5.41%
2.80%
|