Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.20.1
EMPLOYEE BENEFIT PLANS (Tables)
 3 Months Ended
Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
Three Months Ended March 31,
(Dollars in Thousands) 2020 2019
Service Cost $ 1,457 $ 1,529
Interest Cost 1,411 1,545
Expected Return on Plan Assets (2,748) (2,382)
Prior Service Cost Amortization 4 4
Net Loss Amortization 1,011 965
Special Termination Charge 61 -
Net Periodic Benefit Cost $ 1,196 $ 1,661
Discount Rate Used for Benefit Cost 3.53% 4.43%
Long-term Rate of Return on Assets 7.00% 7.25%
Supplemental Executive Retirement Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Benefit Costs
The components of the net periodic benefit cost for the Company's SERP were as follows:
Three Months Ended March 31,
(Dollars in Thousands) 2020 2019
Interest Cost $ 72 $ 87
Net Loss Amortization 247 190
Net Periodic Benefit Cost $ 319 $ 277
Discount Rate Used for Benefit Cost 3.16% 4.23%