EMPLOYEE BENEFIT PLANS
|6 Months Ended
Jun. 30, 2019
|Compensation and Retirement Disclosure [Abstract]
|EMPLOYEE BENEFIT PLANS
NOTE 6 - EMPLOYEE BENEFIT PLANS
The Company has a defined benefit pension plan covering substantially all full-time and eligible part-time associates and a Supplemental Executive Retirement Plan (“SERP”) covering its executive officers.
The components of the net periodic benefit cost for the Company's qualified benefit pension plan were as follows:
The service cost component of net periodic benefit cost is reflected in compensation expense in the accompanying statements of income. The other components of net periodic cost are included in “other” within the noninterest expense category in the statements of income.