Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2020

Employee Benefit Plans

Schedule of employee benefits charged to operating expenses

	Three Months Ended March 31,
(in thousands)	2020		2019
Payroll taxes	$	389	$	346
Medical plans		427		450
401(k) match and profit sharing		306		276
Periodic pension cost		464		379
Other		23		15
Total employee benefits	$	1,609	$	1,466

Schedule of components of net pension cost

	Pension Benefits
(in thousands)	2020		2019
Service cost - benefits earned during the year	$	1,857	$	1,516
Interest costs on projected benefit obligations (a)		1,159		1,168
Expected return on plan assets (a)		(1,572)		(1,393)
Expected administrative expenses (a)		110		100
Amortization of prior service cost (a)		50		79
Amortization of unrecognized net loss (a)		218		—
Net periodic pension cost	$	1,822	$	1,470
Net periodic pension cost for the three months ended March 31, (actual)	$	464	$	379

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