EMPLOYEE BENEFIT PLANS (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2021 | |
| Defined Benefit Plan Disclosure [Line Items] | |
| Schedule of Net Benefit Costs |
Three Months Ended March 31,
(Dollars in Thousands)
2021
2020
Service Cost
$
1,743
$
1,457
Interest Cost
1,221
1,411
Expected Return on Plan Assets
(2,787)
(2,748)
Prior Service Cost Amortization
4
4
Net Loss Amortization
1,691
1,011
Special Termination
-
61
Net Periodic Benefit Cost
$
1,872
$
1,196
Discount Rate Used for Benefit Cost
2.88%
3.53%
Long-term Rate of Return on Assets
6.75%
7.00%
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| 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
Three Months Ended March 31,
(Dollars in Thousands)
2021
2020
Service Cost
$
9
$
-
Interest Cost
$
59
$
72
Prior Service Cost Amortization
19
-
Net Loss Amortization
198
247
Net Periodic Benefit Cost
$
285
$
319
Discount Rate Used for Benefit Cost
2.38%
3.16%
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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