Retirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2022

The following tables provide the components of net periodic benefit costs for the three and six-month periods ended June 30, 2022 and 2021.


	Employees'		Select Executive		Postretirement
	Pension		Retirement		Benefit
	Plan		Plan		Plans
Net Periodic (Benefit) Cost
For the Three Months Ended June 30, 2022:
Service Cost 1	$	451	$	271	$	18
Interest Cost 2	352		61		60
Expected Return on Plan Assets 2	(1,058)		—		—
Amortization of Prior Service Cost 2	20		11		26
Amortization of Net Loss (Gain) 2	—		67		(46)
Net Periodic (Benefit) Cost	$	(235)	$	410	$	58

Plan Contributions During the Period	$	—	$	115	$	33


For the Three Months Ended June 30, 2021:
Service Cost 1	$	507	$	173	$	24
Interest Cost 2	343		50		57
Expected Return on Plan Assets 2	(940)		—		—
Amortization of Prior Service Cost 2	19		12		26
Amortization of Net Loss (Gain) 2	—		52		(52)
Net Periodic (Benefit) Cost	$	(71)	$	287	$	55

Plan Contributions During the Period	$	—	$	118	$	27

Net Periodic Benefit Cost
For the Six Months Ended June 30, 2022:
Service Cost 1	$	939	$	418	$	45
Interest Cost 2	719		112		124
Expected Return on Plan Assets 2	(2,157)		—		—
Amortization of Prior Service Cost 2	39		22		53
Amortization of Net Loss (Gain) 2	—		106		(78)
Net Periodic (Benefit) Cost	$	(460)	$	658	$	144

Plan Contributions During the Period	$	—	$	231	$	88

Estimated Future Contributions in the Current Fiscal Year	$	—	$	230	$	66

For the Six Months Ended June 30, 2021:
Service Cost 1	$	967	$	291	$	55
Interest Cost 2	683		95		124
Expected Return on Plan Assets 2	(1,890)		—		—
Amortization of Prior Service Cost 2	39		24		53
Amortization of Net Loss (Gain) 2	—		90		(44)
Net Periodic (Benefit) Cost	$	(201)	$	500	$	188

Plan Contributions During the Period	$	—	$	236	$	55

Footnotes:

1. Included in Salaries and Employee Benefits on the Consolidated Statements of Income

2. Included in Other Operating Expense on the Consolidated Statements of Income