EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 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 June 30, 2020 and 2019, were as follows:

Supplemental Executive Retirement Plan:

(In thousands)		Three Months Ended June 30,				Six Months Ended June 30,
Net periodic pension cost	Income Statement Presentation	2020		2019		2020		2019
Service cost	Salaries and employee benefits	$	116	$	99	$	232	$	198
Interest cost	Other expenses	115		130		230		261
Recognized net actuarial loss	Other expenses	156		61		312		122
Total		$	387	$	290	$	774	$	581

Other Postretirement Benefit Plan:

(In thousands)		Three Months Ended June 30,						Six Months Ended June 30,
Net periodic postretirement benefit cost	Income Statement Presentation	2020			2019			2020			2019
Service cost	Salaries and employee benefits	$	7		$	12		$	14		$	24
Interest cost	Other expenses	31			37			62			74
Recognized net actuarial loss	Other expenses	20			6			39			12
Amortization of prior service credit	Other expenses	(6		)	(6		)	(12		)	(12		)
Total		$	52		$	49		$	103		$	98