Noninterest Income and Noninterest Expense

3 Months Ended

Mar. 31, 2025

Noninterest Income and Noninterest Expense

Noninterest Income and Noninterest Expense

15. 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 months ended March 31, 2025 and 2024:

	Income line item where recognized in	Pension Benefits				Other Benefits
(dollars in thousands)	the consolidated statements of income	2025		2024		2025		2024
Three Months Ended March 31,
Service cost	Salaries and employee benefits	$	—	$	—	$	169	$	137
Interest cost	Other noninterest expense		1,880		1,906		225		211
Expected return on plan assets	Other noninterest expense		(876)		(878)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		383		503		(301)		(322)
Total net periodic benefit cost		$	1,387	$	1,531	$	93	$	26

Leases

The Company recognized operating lease income related to lease payments of $1.6 million for both the three months ended March 31, 2025 and 2024. In addition, the Company recognized $1.5 million and $1.6 million of lease income related to variable lease payments for the three months ended March 31, 2025 and 2024, respectively.