Directors Retirement Plan (Tables) - Director

12 Months Ended

Dec. 31, 2020

Status of Directors Retirement Plan

The measurement date for the accumulated benefit obligation is December 31 of the years presented.

	December 31,
(in thousands)	2020		2019
Accrued plan cost included in other liabilities	$	655	$	646
Amount not recognized as component of net postretirement benefit cost
Recognized in accumulated other comprehensive income
Net actuarial loss	$	36	$	64
Amounts not recognized as a component of net postretirement benefit	$	36	$	64

Components of Net Periodic Pension Cost

The net periodic plan cost included the following components:

	Years Ended December 31,
(in thousands)	2020		2019		2018
Service cost	$	18	$	14	$	15
Interest cost	17		22		20
Amortization of gain	—		(2)		—
	$	35	$	34	$	35

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)
2021	$	37
2022	38
2023	38
2024	52
2025	53
2026-2030	200