Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2024

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)	2024		2023
Payroll taxes	$	443	$	467
Medical plans	429		468
401(k) match and profit sharing	325		290
Periodic pension cost	283		283
Other	1		11
Total employee benefits	$	1,481	$	1,519

Schedule of Components of Net Pension Cost

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

	Three Months Ended March 31,
(in thousands)	2024		2023
Service cost - benefits earned during the year	$	256	$	254
Interest costs on projected benefit obligations (a)	372		365
Expected return on plan assets (a)	(590)		(545)
Expected administrative expenses	27		29
Amortization of unrecognized net gain (a)	(159)		(142)
Net periodic pension income	$	(94)	$	(39)

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