Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Payroll taxes	$	374	$	338	$	1,228	$	1,123
Medical plans	505		426		1,400		1,368
401(k) match and profit sharing	250		411		761		1,207
Periodic pension cost	265		402		796		1,206
Other	11		20		30		32
Total employee benefits	$	1,405	$	1,597	$	4,215	$	4,936

Schedule of Components of Net Pension Cost

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Service cost - benefits earned during the year	$	237	$	373	$	710	$	1,118
Interest costs on projected benefit obligations (a)	357		293		1,071		881
Expected return on plan assets (a)	(544)		(570)		(1,634)		(1,711)
Expected administrative expenses	28		29		86		88
Amortization of unrecognized net loss (a)	(160)		—		(480)		—
Net periodic pension cost	$	(82)	$	125	$	(247)	$	376

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