EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2022

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 March 31,
Net periodic pension cost		2022		2021
Service cost	Salaries and employee benefits	$	133	$	126
Interest cost	Other expenses	115		97
Recognized net actuarial loss	Other expenses	216		195
Total		$	464	$	418

Other Postretirement Benefit Plan:

(In thousands)	Location on Consolidated Statements of Income	Three Months Ended March 31,
Net periodic postretirement benefit cost		2022		2021
Service cost	Salaries and employee benefits	$	5	$	7
Interest cost	Other expenses	28		26
Recognized net actuarial loss	Other expenses	22		29
Amortization of prior service credit	Other expenses	(6)		(6)
Total		$	49	$	56