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Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2023
Benefit Plans [Abstract]  
Net Periodic Benefit
The table below outlines the components of the Company’s net periodic benefit recognized during the three and six months ended  June 30, 2023 and 2022 for its pension and other postretirement benefit plans:

Three months ended June 30,
 
Pension Benefits
 
Other Postretirement Benefits
 
(dollars in thousands)
2023
 
2022
 
2023
 
2022
 

               
Service cost
 
$
-
   
$
-
   
$
3
   
$
(9
)
Interest cost
   
304
     
221
     
66
     
51
 
Expected return on plan assets
   
(661
)
   
(796
)
   
(290
)
   
(333
)
Amortization of net gain
   
-
     
-
     
(114
)
   
(426
)
Amortization of prior service cost
   
-
     
-
     
3
     
123
 
Net periodic benefit
 
$
(357
)
 
$
(575
)
 
$
(332
)
 
$
(594
)


Six months ended June 30,
 

Pension Benefits
 
Other Postretirement Benefits
 
(dollars in thousands)
2023
 
2022
 
2023
 
2022
 

               
Service cost
 
$
-
   
$
-
   
$
5
   
$
9
 
Interest cost
   
606
     
444
     
132
     
103
 
Expected return on plan assets
   
(1,341
)
   
(1,613
)
   
(579
)
   
(666
)
Amortization of net gain
   
-
     
-
     
(228
)
   
(504
)
Amortization of prior service cost (credit)
   
-
     
-
     
6
     
(157
)
Net periodic benefit
 
$
(735
)
 
$
(1,169
)
 
$
(664
)
 
$
(1,215
)