Post-Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2023

SCBT Post-retirement Benefit Plan

Post-Retirement Benefits

Schedule of the plan's funded status and amounts recognized in the Company's accompanying consolidated balance sheets

	December 31,
(Dollars in thousands)	2023		2022		2021
Change in benefit obligation:
Benefit obligation at beginning of year	$	157	$	195	$	209
Interest cost		7		4		3
Actuarial (gain) loss		(14)		(14)		11
Benefits paid		(25)		(28)		(28)
Benefit obligation at end of year		125		157		195
Change in plan assets:
Fair value of plan assets at beginning of year		—		—		—
Employer contribution		25		28		28
Benefits paid		(25)		(28)		(28)
Fair value of plan assets at end of year		—		—		—
Funded status	$	(125)	$	(157)	$	(195)

Schedule of weighted average assumptions used to determine benefit obligations and net periodic benefit cost

	Year Ended December 31,
	2023		2022		2021
Weighted-average assumptions used to determine benefit obligation at December 31:
Discount rate	4.60	%	4.80	%	2.10	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate	4.80	%	2.10	%	1.60	%
Assumed health care cost trend rates at December 31:
Health care cost trend rate assumed for next year	5.00	%	5.00	%	5.00	%

Schedule of components of net periodic benefit cost and other amounts recognized in other comprehensive (loss) income

	Year Ended December 31,
(Dollars in thousands)	2023		2022		2021
Interest cost	$	7	$	4	$	3
Recognized net actuarial loss		—		1		—
Net periodic benefit cost		7		5		3
Net (gain) loss		(14)		(14)		11
Amortization of loss		—		(1)		—
Total amount recognized in other comprehensive income		(14)		(15)		11
Total recognized in net periodic benefit cost and other comprehensive income	$	(7)	$	(10)	$	14

Schedule of estimated future benefit payments (including expected future service as appropriate)

(Dollars in thousands)
2024	$	22
2025		20
2026		18
2027		16
2028		14
2029-2033		45
	$	135

FFCH Post-retirement Benefit Plan

Post-Retirement Benefits

Schedule of the plan's funded status and amounts recognized in the Company's accompanying consolidated balance sheets

	December 31,
(Dollars in thousands)	2023		2022		2021
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,508	$	1,754	$	2,070
Interest cost		112		35		31
Actuarial loss (gain)		(1,428)		1,124		(110)
Benefits paid		(179)		(416)		(246)
Less: Federal subsidy on benefits paid		4		11		9
Benefit obligation at end of year		1,017		2,508		1,754
Change in plan assets:
Fair value of plan assets at beginning of year		—		—		—
Employer contribution		175		405		236
Participants’ contributions		4		11		10
Benefits paid		(179)		(416)		(246)
Fair value of plan assets at end of year		—		—		—
Funded status	$	(1,017)	$	(2,508)	$	(1,754)

Schedule of weighted average assumptions used to determine benefit obligations and net periodic benefit cost

	Year Ended December 31,
	2023		2022		2021
Weighted-average assumptions used to determine benefit obligation at December 31:
Discount rate	4.60	%	4.80	%	2.10	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate	4.80	%	2.10	%	1.60	%
Assumed health care cost trend rates at December 31:
Health care cost trend rate assumed for next year	5.00	%	5.00	%	5.00	%

Schedule of components of net periodic benefit cost and other amounts recognized in other comprehensive (loss) income

	Year Ended December 31,
(Dollars in thousands)	2023		2022		2021
Interest cost	$	112	$	35	$	31
Recognized net actuarial loss		285		141		174
Net periodic benefit cost		397		176		205
Net (gain) loss		(1,428)		1,124		(110)
Amortization of loss		(285)		(141)		(174)
Total amount recognized in other comprehensive income		(1,713)		983		(284)
Total recognized in net periodic benefit cost and other comprehensive income	$	(1,316)	$	1,159	$	(79)

Schedule of estimated future benefit payments (including expected future service as appropriate)

(Dollars in thousands)
2024	$	149
2025		140
2026		129
2027		119
2028		108
2029-2033		386
	$	1,031