EMPLOYEE BENEFIT PLANS (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Defined Benefit Pension Plan [Member] | |
| Defined Benefit Plan Disclosure [Line Items] | |
| Schedule of Components of Net Periodic Benefit Cost |
Three Months Ended June 30,
Six Months Ended June 30,
(Dollars in Thousands)
2024
2023
2024
2023
Service Cost
$
929
$
872
$
1,857
$
1,744
Interest Cost
1,524
1,458
3,048
2,916
Expected Return on Plan Assets
(2,029)
(1,701)
(4,058)
(3,403)
Prior Service Cost Amortization
-
1
-
3
Net Loss Amortization
41
234
82
467
Net Periodic Benefit Cost
$
465
$
864
$
929
$
1,727
Discount Rate
5.29%
5.63%
5.29%
5.63%
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 June 30,
Six Months Ended June 30,
(Dollars in Thousands)
2024
2023
2024
2023
Service Cost
$
9
$
4
$
18
$
9
Interest Cost
114
130
227
261
Prior Service Cost Amortization
-
38
-
76
Net Loss Amortization
(71)
(155)
(140)
(309)
Pension Settlement Gain
-
(291)
-
(291)
Net Periodic Benefit Cost
$
52
$
(274)
$
105
$
(254)
Discount Rate
5.11%
5.45%
5.11%
5.45%
|