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Pension and Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost (Credit)

The components of net periodic benefit cost (credit) were as follows:

 

 

 

Three Months Ended June 30,

 

 

 

Pension Plan

 

 

Supplemental
Retirement Plan

 

 

Retirement Healthcare Plan

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Net periodic benefit cost (credit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

 

 

$

 

 

$

98

 

 

$

106

 

 

$

6

 

 

$

8

 

Interest cost

 

 

345

 

 

 

303

 

 

 

71

 

 

 

56

 

 

 

5

 

 

 

5

 

Expected return on assets

 

 

(1,002

)

 

 

(891

)

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss

 

 

 

 

 

 

 

 

 

 

 

11

 

 

 

 

 

 

 

Net periodic benefit cost (credit)

 

$

(657

)

 

$

(588

)

 

$

169

 

 

$

173

 

 

$

11

 

 

$

13

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

Pension Plan

 

 

Supplemental
Retirement Plan

 

 

Retirement Healthcare Plan

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Net periodic benefit cost (credit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

 

 

$

 

 

$

199

 

 

$

212

 

 

$

14

 

 

$

17

 

Interest cost

 

 

655

 

 

 

606

 

 

 

130

 

 

 

113

 

 

 

10

 

 

 

9

 

Expected return on assets

 

 

(1,938

)

 

 

(1,783

)

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service credit

 

 

 

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss

 

 

 

 

 

 

 

 

 

 

 

22

 

 

 

 

 

 

 

Net periodic benefit cost (credit)

 

$

(1,283

)

 

$

(1,178

)

 

$

329

 

 

$

347

 

 

$

24

 

 

$

26