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Employee Benefits (Tables)
3 Months Ended
Mar. 31, 2020
Employee Benefits and Share-based Compensation, Noncash [Abstract]  
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition

 

 

 

 

 

 

 

 

 

 

Three months

 

Year ended

 

 

 

ended March 31, 

 

December 31, 

 

 

    

2020

    

2019

 

Projected and accumulated benefit obligation

 

$

(19,557)

 

$

(20,953)

 

Plan assets at fair value

 

 

19,609

 

 

20,628

 

Funded status included in accrued expenses and other liabilities

 

$

52

 

$

(325)

 

 

Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Three months ended

 

 

 

March 31, 

 

March 31, 

 

 

    

2020

    

2019

 

Interest cost

 

$

167

 

$

185

 

Expected return on plan assets

 

 

(264)

 

 

235

 

Amortization of unrecognized loss

 

 

71

 

 

90

 

Net periodic cost (benefit)

 

$

(26)

 

$

510

 

 

Schedule of fair value of pension plan assets, by fair value hierarchy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Investment in separate accounts

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income

 

$

14,315

 

$

 —

 

$

 —

 

$

14,315

Equity

 

 

5,294

 

 

 —

 

 

 —

 

 

5,294

Total assets at fair value

 

$

19,609

 

$

 —

 

$

 —

 

$

19,609

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Investment in separate accounts

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income

 

$

15,372

 

$

 —

 

$

 —

 

$

15,372

Equity

 

 

5,256

 

 

 —

 

 

 —

 

 

5,256

Total assets at fair value

 

$

20,628

 

$

 —

 

$

 —

 

$

20,628

 

Schedule of employee stock ownership plan

 

 

 

 

    

March 31, 2020

Allocated

 

21,821

Committed to be allocated

 

5,454

Unallocated

 

409,150

Total shares

 

436,425