Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Schedule of Employee Benefits Charged to Operating Expenses

Employee benefits charged to operating expenses are summarized in the table below for the periods indicated.

	Three Months Ended March 31,
(in thousands)	2023		2022
Payroll taxes	$	467	$	441
Medical plans	468		475
401(k) match and profit sharing	290		369
Periodic pension cost	283		437
Other	11		8
Total employee benefits	$	1,519	$	1,730

Schedule of Components of Net Pension Cost

The following items are components of net pension cost for the periods indicated:

	Three Months Ended March 31,
(in thousands)	2023		2022
Service cost - benefits earned during the year	$	254	$	408
Interest costs on projected benefit obligations (a)	365		296
Expected return on plan assets (a)	(545)		(558)
Expected administrative expenses	29		29
Amortization of prior service cost (a)	—		—
Amortization of unrecognized net gain (a)	(142)		—
Net periodic pension cost	$	(39)	$	175

(a)The components of net periodic pension cost other than the service cost and expected administrative expenses are included in other non-interest expense.