EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 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)	Location on Consolidated Statements of Income	Three Months Ended September 30,				Nine Months Ended September 30,
Net periodic pension cost		2021		2020		2021		2020
Service cost	Salaries and employee benefits	$	126	$	116	$	378	$	348
Interest cost	Other expenses	97		116		292		346
Recognized net actuarial loss	Other expenses	194		155		583		467
Total		$	417	$	387	$	1,253	$	1,161

Other Postretirement Benefit Plan:

(In thousands)	Location on Consolidated Statements of Income	Three Months Ended September 30,				Nine Months Ended September 30,
Net periodic postretirement benefit cost		2021		2020		2021		2020
Service cost	Salaries and employee benefits	$	7	$	7	$	20	$	21
Interest cost	Other expenses	26		31		77		92
Recognized net actuarial loss	Other expenses	29		20		87		59
Amortization of prior service credit	Other expenses	(6)		(6)		(18)		(18)
Total		$	56	$	52	$	166	$	154