XML 46 R36.htm IDEA: XBRL DOCUMENT v3.19.2
Defined Benefit Pension Plans (Tables)
6 Months Ended
Jun. 30, 2019
Defined Benefit Plan [Abstract]  
Components of Net Periodic Benefit Cost
The following table presents components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss), on a pre-tax basis:
(Dollars in thousands)
Qualified Pension Plan
 
Non-Qualified Retirement Plans
 
Three Months
 
Six Months
 
Three Months
 
Six Months
Periods ended June 30,
2019
2018
 
2019
2018
 
2019
2018
 
2019
2018
Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost (1)

$509


$561

 

$1,018


$1,122

 

$32


$27

 

$63


$54

Interest cost (2)
742

678

 
1,484

1,357

 
141

118

 
282

237

Expected return on plan assets (2)
(1,123
)
(1,318
)
 
(2,247
)
(2,636
)
 


 


Amortization of prior service credit (2)
(4
)
(5
)
 
(8
)
(11
)
 


 


Recognized net actuarial loss (2)
198

374

 
396

748

 
101

103

 
203

205

Net periodic benefit cost

$322


$290

 

$643


$580

 

$274


$248

 

$548


$496


(1)
Included in salaries and employee benefits expense in the Unaudited Consolidated Statements of Income.
(2)
Included in other expenses in the Unaudited Consolidated Statements of Income.
Schedule of Assumptions Used for Net Periodic Benefit Cost
The following table presents the measurement date and weighted-average assumptions used to determine net periodic benefit cost:
 
Qualified Pension Plan
 
Non-Qualified Retirement Plans
For the six months ended June 30,
2019
 
2018
 
2019
 
2018
Measurement date
Dec 31, 2018
 
Dec 31, 2017
 
Dec 31, 2018
 
Dec 31, 2017
Equivalent single discount rate for benefit obligations
4.38%
 
3.69%
 
4.28%
 
3.58%
Equivalent single discount rate for service cost
4.44
 
3.76
 
4.48
 
3.79
Equivalent single discount rate for interest cost
4.12
 
3.42
 
3.98
 
3.22
Expected long-term return on plan assets
5.75
 
6.75
 
N/A
 
N/A
Rate of compensation increase
3.75
 
3.75
 
3.75
 
3.75