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Noninterest Income and Noninterest Expense
6 Months Ended
Jun. 30, 2022
Noninterest Income and Noninterest Expense  
Noninterest Income and Noninterest Expense

14. Noninterest Income and Noninterest Expense

​

Benefit Plans

​

The following table sets forth the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans for the three and six months ended June 30, 2022 and 2021:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income line item where recognized in

​

Pension Benefits

​

Other Benefits

(dollars in thousands)

​

the consolidated statements of income

  

2022

  

2021

  

2022

  

2021

Three Months Ended June 30, 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Service cost

​

Salaries and employee benefits

​

$

—

​

$

—

​

$

214

​

$

264

Interest cost

​

Other noninterest expense

​

​

1,361

​

​

1,231

​

​

143

​

​

131

Expected return on plan assets

​

Other noninterest expense

​

​

(782)

​

​

(766)

​

​

—

​

​

—

Recognized net actuarial loss (gain)

​

Other noninterest expense

​

​

1,269

​

​

1,720

​

​

(101)

​

​

—

Total net periodic benefit cost

​

​

​

$

1,848

​

$

2,185

​

$

256

​

$

395

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Service cost

​

Salaries and employee benefits

​

$

—

​

$

—

​

$

429

​

$

528

Interest cost

​

Other noninterest expense

​

​

2,722

​

​

2,462

​

​

287

​

​

262

Expected return on plan assets

​

Other noninterest expense

​

​

(1,565)

​

​

(1,532)

​

​

—

​

​

—

Recognized net actuarial loss (gain)

​

Other noninterest expense

​

​

2,537

​

​

3,440

​

​

(202)

​

​

—

Total net periodic benefit cost

​

​

​

$

3,694

​

$

4,370

​

$

514

​

$

790

​

Leases

​

The Company recognized operating lease income related to lease payments of $1.6 million for both the three months ended June 30, 2022 and 2021, and $3.1 million and $3.3 million for the six months ended June 30, 2022 and 2021, respectively. In addition, the Company recognized $1.6 million and $1.5 million of lease income related to variable lease payments for the three months ended June 30, 2022 and 2021, respectively, and $3.2 million and $3.0 million for the six months ended June 30, 2022 and 2021, respectively.