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Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2025
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, 2025 and 2024 for its pension and other post-retirement benefit plans:

Three months ended June 30,
 
Pension Benefits
 
Other Postretirement Benefits
 
(dollars in thousands)
2025
 
2024
 
2025
 
2024
 

               
Service cost
 
$
-
   
$
-
   
$
4
   
$
4
 
Interest cost
   
304
     
289
     
87
     
72
 
Expected return on plan assets
   
(960
)
   
(762
)
   
(381
)
   
(332
)
Amortization of net gain
   
(461
)
   
(19
)
   
(276
)
   
(183
)
Amortization of prior service cost
   
-
     
-
     
4
     
3
 
Net periodic benefit
 
$
(1,117
)
 
$
(492
)
 
$
(562
)
 
$
(436
)


Six months ended June 30,
 

Pension Benefits
 
Other Postretirement Benefits
 
(dollars in thousands)
2025
 
2024
 
2025
 
2024
 

               
Service cost
 
$
-
   
$
-
   
$
9
   
$
9
 
Interest cost
   
593
     
578
     
173
     
144
 
Expected return on plan assets
   
(1,723
)
   
(1,524
)
   
(762
)
   
(663
)
Amortization of net gain
   
(482
)
   
(38
)
   
(552
)
   
(367
)
Amortization of prior service cost
   
-
     
-
     
7
     
6
 
Net periodic benefit
 
$
(1,612
)
 
$
(984
)
 
$
(1,125
)
 
$
(871
)