EMPLOYEE BENEFIT PLANS (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Defined Benefit Plan Disclosure [Line Items] | |
| Schedule of Components of Net Periodic Benefit Cost |
Three Months Ended March 31,
(Dollars in Thousands)
2025
2024
Service Cost
$
860
$
929
Interest Cost
1,677
1,524
Expected Return on Plan Assets
(2,265)
(2,029)
Net Loss Amortization
(413)
41
Net Periodic Benefit Cost
$
(141)
$
465
Discount Rate Used for Benefit Cost
5.82%
5.29%
Long-term Rate of Return on Assets
6.75%
6.75%
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| 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 SERP and
Three Months Ended March 31,
(Dollars in Thousands)
2025
2024
Service Cost
$
12
$
9
Interest Cost
131
114
Prior Service Cost Amortization
25
-
Net Loss Amortization
(29)
(70)
Net Periodic Benefit Cost
$
139
$
53
Discount Rate Used for Benefit Cost
5.57%
5.11%
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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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