Pension

3 Months Ended

Mar. 31, 2021

Pension [Abstract]

Pension

Note 10. Pension

The components of pension expense for the periods presented are as follows:

	Three Months Ended
	March 31,
(Dollars in thousands)	2021		2020
Components of net periodic cost:
Service cost	$	99	$	83
Interest cost		87		131
Expected return on plan assets		(274)		(269)
Settlement expense		108		—
Recognized net actuarial loss		285		226
Total pension expense	$	305	$	171

The service cost component of pension expense is recorded in the salaries and employee benefits line and all other cost components are recorded in the nonservice pension line of the Consolidated Statements of Income.