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Directors Retirement Plan (Tables) - Director
12 Months Ended
Dec. 31, 2018
Status of Directors Retirement Plan
The measurement date for the accumulated benefit obligation is December 31 of the years presented.
 
 
December 31,
 
 
2018
 
2017
 
 
(in thousands)
Accrued plan cost included in other liabilities
 
$
604

 
$
673

Amount not recognized as component of net postretirement benefit cost
 
 
 
 
Recognized in accumulated other comprehensive income
 
 
 
 
Net actuarial gain
 
$
(29
)
 
$
28

Unrecognized prior service cost
 

 

Amounts not recognized as a component of net postretirement benefit (benefit)
 
$
(29
)
 
$
28

Components of Net Periodic Pension Cost
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
(in thousands)
Net periodic plan cost included the following components:
 
 
 
 
 
 
Service cost
 
$
15

 
$
21

 
$
19

Interest cost
 
20

 
23

 
26

Amortization of prior service cost
 

 
3

 
12

 
 
$
35

 
$
47

 
$
57

Benefits Expected to be Paid
The directors' retirement plan holds no plan assets. The benefits expected to be paid in each of the next five years and in aggregate for the five years thereafter are as follows (in thousands):
2019
$
57

2020
63

2021
37

2022
38

2023
38

2024-2028
235