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Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024 and 2023 for its pension and other postretirement benefit plans:

 
Three months ended June 30,
 
 
Pension Benefits
   
Other Postretirement Benefits
 
(dollars in thousands)
 
2024
   
2023
   
2024
   
2023
 

                       
Service cost
 
$
-
   
$
-
   
$
4
   
$
3
 
Interest cost
   
289
     
304
     
72
     
66
 
Expected return on plan assets
   
(762
)
   
(661
)
   
(332
)
   
(290
)
Amortization of net gain
   
(19
)
   
-
     
(183
)
   
(114
)
Amortization of prior service cost
   
-
     
-
     
3
     
3
 
Net periodic benefit
 
$
(492
)
 
$
(357
)
 
$
(436
)
 
$
(332
)


 
Six months ended June 30,
 

 
Pension Benefits
   
Other Postretirement Benefits
 
(dollars in thousands)
 
2024
   
2023
   
2024
   
2023
 

                       
Service cost
 
$
-
   
$
-
   
$
9
   
$
5
 
Interest cost
   
578
     
606
     
144
     
132
 
Expected return on plan assets
   
(1,524
)
   
(1,341
)
   
(663
)
   
(579
)
Amortization of net gain
   
(38
)
   
-
     
(367
)
   
(228
)
Amortization of prior service cost
   
-
     
-
     
6
     
6
 
Net periodic benefit
 
$
(984
)
 
$
(735
)
 
$
(871
)
 
$
(664
)