EMPLOYEE BENEFIT PLANS (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2024 | |
| 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)
2024
2023
2024
2023
Service Cost
$
929
$
872
$
2,786
$
2,616
Interest Cost
1,524
1,458
4,572
4,374
Expected Return on Plan Assets
(2,029)
(1,701)
(6,087)
(5,104)
Prior Service Cost Amortization
-
1
-
4
Net Loss Amortization
41
234
123
701
Net Periodic Benefit Cost
$
465
$
864
$
1,394
$
2,591
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 September 30,
Nine Months Ended September 30,
(Dollars in Thousands)
2024
2023
2024
2023
Service Cost
$
9
$
4
$
27
$
13
Interest Cost
114
120
341
381
Prior Service Cost Amortization
-
38
-
114
Net Loss Amortization
(71)
(111)
(210)
(420)
Pension Settlement Gain
-
-
-
(291)
Net Periodic Benefit Cost
$
52
$
51
$
158
$
(203)
Discount Rate
5.11%
5.33%
5.11%
5.41%
|