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Benefit Plans
3 Months Ended
Mar. 31, 2017
Benefit Plans  
Benefit Plans

13. Benefit Plans

 

The following table sets forth the components of net periodic benefit cost for the three months ended March 31, 2017 and 2016, recorded as a component of salaries and employee benefits in the unaudited consolidated statements of income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Benefits

(dollars in thousands)

    

2017

    

2016

    

2017

    

2016

Three Months Ended March 31, 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

158

 

$

215

 

$

179

 

$

192

Interest cost

 

 

2,041

 

 

2,157

 

 

201

 

 

210

Expected return on plan assets

 

 

(1,242)

 

 

(1,171)

 

 

 —

 

 

 —

Prior service credit

 

 

 —

 

 

 —

 

 

(107)

 

 

(107)

Recognized net actuarial loss

 

 

1,999

 

 

1,771

 

 

 —

 

 

 —

Total net periodic benefit cost

 

$

2,956

 

$

2,972

 

$

273

 

$

295