EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2022

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		2022		2021		2022		2021
Service cost	Salaries and employee benefits	$	133	$	126	$	267	$	252
Interest cost	Other expenses	115		98		230		195
Recognized net actuarial loss	Other expenses	215		194		431		389
Total		$	463	$	418	$	928	$	836

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		2022		2021		2022		2021
Service cost	Salaries and employee benefits	$	5	$	6	$	10	$	13
Interest cost	Other expenses	28		25		56		51
Recognized net actuarial loss	Other expenses	22		29		44		58
Amortization of prior service credit	Other expenses	(6)		(6)		(12)		(12)
Total		$	49	$	54	$	98	$	110