Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2020

Employee Benefit Plans

Schedule of employee benefits charged to operating expenses

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Payroll taxes	$	336	$	269	$	725	$	615
Medical plans		496		477		924		927
401(k) match and profit sharing		338		304		644		580
Periodic pension cost		343		336		807		715
Other		5		10		28		25
Total employee benefits	$	1,518	$	1,396	$	3,128	$	2,862

Schedule of components of net pension cost

	Pension Benefits
(in thousands)	2020		2019
Service cost - benefits earned during the year	$	1,614	$	1,431
Interest costs on projected benefit obligations (a)		1,127		1,168
Expected return on plan assets (a)		(1,598)		(1,467)
Expected administrative expenses (a)		110		122
Amortization of prior service cost (a)		50		79
Amortization of unrecognized net loss (a)		164		—
Net periodic pension cost	$	1,467	$	1,333
Net periodic pension cost for the three months ended June 30, (actual)	$	343	$	336
Net periodic pension cost for the six months ended June 30, (actual)	$	807	$	715

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