Retirement Plans (Tables)

6 Months Ended

Jun. 30, 2018

The following table sets forth the benefit expense attributable to the 401(k) Plan matching contributions, and the contributions made by the Company to the 401(k) Plan during the periods indicated:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2018		2017		2018		2017
401(k) Plan benefits expense	$	251	$	194	$	454	$	380
401(k) Plan contributions made by the Company	$	247	$	192	$	446	$	371

Summary of ESOP Activities

The following table sets forth the benefit expense attributable to the ESOP, and the contributions made by the Company to the ESOP during the periods indicated:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2018		2017		2018		2017
ESOP benefits expense	$	475	$	540	$	940	$	1,065
ESOP contributions made by the Company	$	940	$	1,073	$	1,479	$	1,536

Schedule of Deferred Compensation Earnings Credits Included in Noninterest Expense

The following table sets forth the earnings credits on deferred balances included in noninterest expense during the periods indicated:


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2018		2017		2018		2017
Deferred compensation earnings credits included in noninterest expense	$	121	$	109	$	245	$	254

Net Periodic Benefit Cost Recognized for Supplemental Retirement Plans

The following table sets forth the net periodic benefit cost recognized for the plans:


	Three months ended June 30,						Six months ended June 30,
(in thousands)	2018			2017			2018			2017
Net pension cost included the following components:
Service cost-benefits earned during the period	$	243		$	235		$	486		$	470
Interest cost on projected benefit obligation		237			248			475			496
Amortization of net obligation at transition		—			1			1			1
Amortization of prior service cost		(13	)		(3	)		(27	)		(6	)
Recognized net actuarial loss		127			97			254			195

Net periodic pension cost	$	594		$	578		$	1,189		$	1,156

Company contributions to pension plans	$	287		$	329		$	554		$	588
Pension plan payouts to participants	$	287		$	329		$	554		$	588