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Benefit Plans (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2023 and 2022 for its pension and other postretirement benefit plans:

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

                       
Service cost
 
$
-
   
$
-
   
$
2
   
$
4
 
Interest cost
   
304
     
222
     
65
     
52
 
Expected return on plan assets
   
(672
)
   
(807
)
   
(288
)
   
(333
)
Amortization of net gain
   
-
     
-
     
(115
)
   
(280
)
Amortization of prior service cost (credit)
   
-
     
-
     
4
     
(78
)
Net periodic benefit
 
$
(368
)
 
$
(585
)
 
$
(332
)
 
$
(635
)


Nine months ended September 30,
 

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

               
Service cost
 
$
-
   
$
-
   
$
7
   
$
13
 
Interest cost
   
910
     
666
     
197
     
155
 
Expected return on plan assets
   
(2,013
)
   
(2,420
)
   
(867
)
   
(999
)
Amortization of net gain
   
-
     
-
     
(343
)
   
(784
)
Amortization of prior service cost (credit)
   
-
     
-
     
10
     
(235
)
Net periodic benefit
 
$
(1,103
)
 
$
(1,754
)
 
$
(996
)
 
$
(1,850
)