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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of changes in the projected benefit obligations The following table sets forth the changes in the projected benefit obligation for the DB Pension Plan and SERPs and the accumulated post-retirement benefit obligation for the Life and Healthcare Plan; and the respective plan assets, and the plans’ funded status and amounts recognized in the Company’s Consolidated Statements of Condition at December 31, 2022 and 2021 (the measurement dates of the plans).
DB Pension PlanLife and Healthcare PlanSERP Plan
(In thousands)202220212022202120222021
Change in benefit obligation:
Benefit obligation at beginning of year$93,009 $98,021 $10,055 $10,508 $34,033 $36,710 
Service cost0 174 186 78 231 
Interest cost1,985 1,628 223 180 814 692 
Plan participants’ contributions0 100 108 0 
Actuarial gain(20,729)(2,834)(2,598)(574)(9,083)(3,002)
Benefits paid(3,744)(3,806)(351)(353)(851)(598)
Benefit obligation at end of year$70,521 $93,009 $7,603 $10,055 $24,991 $34,033 
Change in plan assets:
Fair value of plan assets at beginning of year$96,393 $89,172 $0 $$0 $
Actual return on plan assets(13,764)11,027 0 0 
Plan participants’ contributions0 100 108 0 
Employer contributions0 251 245 850 598 
Benefits paid(3,744)(3,806)(351)(353)(850)(598)
Fair value of plan assets at end of year$78,885 $96,393 $0 $$0 $
Funded (unfunded) status$8,364 $3,384 $(7,603)$(10,055)$(24,991)$(34,033)
Schedule of net periodic benefit cost and other comprehensive income (loss)
Net periodic benefit cost and other comprehensive income (loss) includes the following components:
(In thousands)DB Pension PlanLife and Healthcare PlanSERP Plan
Components of net periodic benefit cost202220212020202220212020202220212020
Service cost$0 $$$174 $186 $173 $78 $231 $214 
Interest cost1,985 1,628 2,371 223 180 245 814 692 914 
Expected return on plan assets(5,885)(5,652)(5,416)0 0 
Amortization of prior service (credit) cost0 (10)(61)(61)(61)277 282 285 
Recognized net actuarial loss1,217 1,559 1,411 196 312 155 847 1,080 800 
Recognized net actuarial gain due to curtailments0 0 0 
Net periodic benefit (credit) cost$(2,683)$(2,464)$(1,644)$532 $617 $512 $2,016 $2,285 $2,213 

Service cost is included in salaries and wages in the Consolidated Statements of Income. The other components of net periodic benefit costs are included in other operating expense in the Consolidated Statements of Income.

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):

(In thousands)DB Pension PlanLife and Healthcare PlanSERP Plan
202220212020202220212020202220212020
Net actuarial loss (gain)$(1,080)$(8,209)$3,899 $(2,598)$(574)$1,340 $(9,083)$(3,002)$4,070 
Recognized actuarial loss(1,217)(1,559)(1,411)(196)(312)(155)(847)(1,080)(800)
Prior service credit0 0 0 
Recognized prior service cost (credit)0 (1)10 61 61 61 (277)(282)(285)
Prior service cost (credit) recognized due to curtailment0 0 0 
Recognized in other comprehensive income (loss)$(2,297)$(9,769)$2,498 $(2,733)$(825)$1,246 $(10,207)$(4,364)$2,985 
Total recognized in net periodic benefit cost and other comprehensive income (loss)$(4,980)$(12,233)$854 $(2,201)$(208)$1,758 $(8,191)$(2,079)$5,198 
Schedule of pre-tax amounts recognized as a component of accumulated other comprehensive income (loss)
Pre-tax amounts recognized as a component of accumulated other comprehensive income (loss) as of year-end that have not been recognized as a component of the Company’s combined net periodic benefit cost of the Company’s DB Pension Plan, Life and Healthcare Plan and SERPs are presented in the following table.

(In thousands)DB Pension PlanLife and Healthcare PlanSERP Plan
202220212020202220212020202220212020
Net actuarial loss (gain)$38,468 $40,765 $50,533 $(909)$1,886 $2,771 $603 $10,532 $14,614 
Prior service cost (credit)0 (165)(226)(287)1,588 1,866 2,148 
Total$38,468 $40,765 $50,534 $(1,074)$1,660 $2,484 $2,191 $12,398 $16,762 
Schedule of weighted-average assumptions
Weighted-average assumptions used in accounting for the plans were as follows:
(In thousands)DB Pension PlanLife and Healthcare PlanSERP Plan
202220212020202220212020202220212020
Discount Rates
Benefit Cost for Plan Year2.63 %2.24 %3.04 %2.69 %2.33 %3.10 %2.71 %2.37 %3.14 %
Benefit Obligation at End of Plan Year4.95 %2.63 %2.24 %4.98 %2.69 %2.33 %4.98 %2.71 %2.37 %
Expected long-term return on plan assets6.25 %6.50 %6.75 %N/AN/AN/AN/AN/AN/A
Rate of compensation increase
Benefit Cost for Plan YearN/AN/AN/A4.00 %4.00 %4.00 %5.00 %5.00 %5.00 %
Benefit Obligation at End of Plan YearN/AN/AN/A4.00 %4.00 %4.00 %5.00 %5.00 %5.00 %
Schedule of expected benefits to be paid in each of next five years
The benefits as of December 31, 2022, expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter were as follows:
(In thousands)DB Pension PlanLife and Healthcare PlanSERP Plan
2023$4,448 $488 $866 
20244,552 508 849 
20254,709 490 846 
20264,822 490 1,012 
20274,927 500 988 
2027-203124,660 2,382 8,206 
Total$48,118 $4,858 $12,767 
Schedule of weighted average asset allocation of plans
The Company’s DB Pension Plan’s weighted-average asset allocations at December 31, 2022 and 2021, respectively, by asset category are as follows:
20222021
Equity securities58 %61 %
Debt securities38 %33 %
Other4 %%
Total Allocation100 %100 %
Schedule of fair value measurement of pension plan
The major categories of assets in the Company’s DB Pension Plan as of year-end are presented in the following table. Assets are segregated by the level of valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value (see Note 19-Fair Value Measurements). 

Fair Value Measurements
December 31, 2022
(In thousands)Fair Value 2022(Level 1)(Level 2)(Level 3)
Cash and cash equivalents$3,322 $3,322 $$
Common stocks22,386 22,386 
Mutual funds53,177 53,177 
Total Fair Value of Plan Assets$78,885 $78,885 $0 $0 

Fair Value Measurements
December 31, 2021
(In thousands)Fair Value 2021(Level 1)(Level 2)(Level 3)
Cash and cash equivalents$5,472 $5,472 $$
Common stocks29,227 29,227 
Mutual funds61,694 61,694 
Total Fair Value of Plan Assets$96,393 $96,393 $0 $0