Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of Changes in Benefit Obligation and Plan Assets

The following table summarizes changes in the benefit obligation and plan assets for each postretirement benefit plan as of the dates indicated:

	SERP				Other Postretirement Benefits
	December 31,				December 31,
(In thousands)	2022		2021		2022		2021
Benefit obligations:
Beginning of year	$	16,610	$	16,031	$	4,167	$	4,420
Service cost	534		504		21		26
Interest cost	460		389		111		103
Actuarial (gain) loss	(1,996)		222		(863)		(202)
Benefits paid	(566)		(536)		(175)		(180)
End of year	15,042		16,610		3,261		4,167
Fair value of plan assets:
Beginning of year	—		—		—		—
Employer contributions	566		536		175		180
Benefits paid	(566)		(536)		(175)		(180)
End of year	—		—		—		—
Unfunded status at end of year(1)	$	15,042	$	16,610	$	3,261	$	4,167
Amounts recognized in AOCI, net of tax:
Net actuarial loss (gain)	$	412	$	2,653	$	(29)	$	718
Prior service credit	—		—		(76)		(94)
Total	$	412	$	2,653	$	(105)	$	624

(1)    Presented within other liabilities on the consolidated statements of condition.

Schedule of Net Period Benefit Cost and Other Amounts Recognized in Other Comprehensive Income

The components of net periodic benefit cost and other amounts recognized in OCI, before taxes, were as follows for the periods indicated:

	SERP						Other Postretirement Benefits
	For the Year Ended December 31,						For the Year Ended December 31,
(In thousands)	2022		2021		2020		2022		2021		2020
Net periodic benefit cost:
Service cost(1)	$	534	$	504	$	464	$	21	$	26	$	28
Interest cost(2)	460		389		460		111		103		123
Recognized net actuarial loss(2)	859		778		623		88		116		78
Amortization of prior service credit(2)	—		—		—		(24)		(24)		(24)
Net periodic benefit cost	1,853		1,671		1,547		196		221		205
Changes in funded status recognized in OCI, before taxes:
Net actuarial (gain) loss arising during period	(1,996)		222		911		(863)		(202)		371
Reclassifications to net periodic benefit cost:
Amortization of net unrecognized actuarial loss	(859)		(778)		(623)		(88)		(116)		(78)
Amortization of prior service credit	—		—		—		24		24		24
Total recognized in OCI, before taxes	(2,855)		(556)		288		(927)		(294)		317
Total recognized in net periodic benefit cost and OCI, before taxes	$	(1,002)	$	1,115	$	1,835	$	(731)	$	(73)	$	522

(1)    Presented in salaries and employee benefits on the consolidated statements of income.

(2)    Presented in other expenses on the consolidated statements of income.

Schedule of Assumptions Used in Determining Benefit Obligations and Net Period Benefit Costs

The following assumptions were used in determining benefit obligations and net period benefit costs:

	SERP						Other Postretirement Benefits
	2022		2021		2020		2022		2021		2020
Weighted-average assumptions as of end of year:
Discount rate for benefit obligation	5.1	%	2.8	%	2.5	%	5.2	%	2.8	%	2.4	%
Discount rate for net periodic benefit cost	2.8	%	2.5	%	3.2	%	2.8	%	2.4	%	3.2	%
Rate of compensation increase for benefit obligation	3.0	%	3.0	%	3.0	%	N/A		N/A		N/A
Rate of compensation increase for net periodic benefit cost	3.0	%	3.0	%	3.0	%	N/A		N/A		N/A
Health care cost trend rate assumed for future years	N/A		N/A		N/A		4.5% - 7.5%		4.5% - 6.5%		4.5% - 6.5%

Schedule of Estimated Future Benefit Payments

The expected benefit payments for the next ten years are presented in the following table:

(In thousands)	SERP		Other Postretirement Benefits
2023	$	873	$	295
2024	1,136		287
2025	1,285		261
2026	1,285		248
2027	1,262		236
Next 5 years	6,256		1,129