Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

Employee Benefit Plans

Employee Benefit Plans

NOTE 8: Employee Benefit Plans

The following table summarizes the components of net periodic benefit cost for the Bank’s non-contributory cash balance pension plan.

	Three Months Ended March 31,
(Dollars in thousands)	2021		2020
Components of net periodic benefit cost:
Service cost, included in salaries and employee benefits	$	487	$	386
Other components of net periodic benefit cost:
Interest cost		116		135
Expected return on plan assets		(440)		(374)
Amortization of prior service credit		(17)		(17)
Amortization of net obligation at transition		—		—
Recognized net actuarial losses		60		42
Other components of net periodic benefit cost, included in other noninterest income		(281)		(214)
Net periodic benefit cost	$	206	$	172