EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

The Company sponsors unfunded, non-qualified SERPs for certain officers and provides medical and life insurance to certain eligible retired employees. 

The components of net periodic benefit cost for the periods ended March 31, 2020 and 2019, were as follows:

Supplemental Executive Retirement Plan:

(In thousands)		Three Months Ended March 31,
Net periodic pension cost	Income Statement Presentation	2020		2019
Service cost	Salaries and employee benefits	$	116	$	99
Interest cost	Other expenses	115		131
Recognized net actuarial loss	Other expenses	156		61
Total		$	387	$	291

Other Postretirement Benefit Plan:

(In thousands)		Three Months Ended March 31,
Net periodic postretirement benefit cost	Income Statement Presentation	2020			2019
Service cost	Salaries and employee benefits	$	7		$	12
Interest cost	Other expenses	31			37
Recognized net actuarial loss	Other expenses	19			6
Amortization of prior service credit	Other expenses	(6		)	(6		)
Total		$	51		$	49