EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2021

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 pension and postretirement benefit cost were as follow for the following periods:

Supplemental Executive Retirement Plan:

(In thousands)	Location on Consolidated Statements of Income	Three Months Ended June 30,				Six Months Ended June 30,
Net periodic pension cost		2021		2020		2021		2020
Service cost	Salaries and employee benefits	$	126	$	116	$	252	$	232
Interest cost	Other expenses	98		115		195		230
Recognized net actuarial loss	Other expenses	194		156		389		312
Total		$	418	$	387	$	836	$	774

Other Postretirement Benefit Plan:

(In thousands)	Location on Consolidated Statements of Income	Three Months Ended June 30,				Six Months Ended June 30,
Net periodic postretirement benefit cost		2021		2020		2021		2020
Service cost	Salaries and employee benefits	$	6	$	7	$	13	$	14
Interest cost	Other expenses	25		31		51		62
Recognized net actuarial loss	Other expenses	29		20		58		39
Amortization of prior service credit	Other expenses	(6)		(6)		(12)		(12)
Total		$	54	$	52	$	110	$	103