EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

The Company sponsors unfunded, non-qualified SERPs for certain officers and provides medical and life insurance to certain eligible retired employees.

The components of net periodic pension and postretirement benefit cost were as follow for the following periods:

Supplemental Executive Retirement Plan:

(In thousands)		Three Months Ended March 31,
Net periodic pension cost	Location on Consolidated Statements of Income	2021		2020
Service cost	Salaries and employee benefits	$	126	$	116
Interest cost	Other expenses	97		115
Recognized net actuarial loss	Other expenses	195		156
Total		$	418	$	387

Other Postretirement Benefit Plan:

(In thousands)		Three Months Ended March 31,
Net periodic postretirement benefit cost	Location on Consolidated Statements of Income	2021		2020
Service cost	Salaries and employee benefits	$	7	$	7
Interest cost	Other expenses	26		31
Recognized net actuarial loss	Other expenses	29		19
Amortization of prior service credit	Other expenses	(6)		(6)
Total		$	56	$	51