EMPLOYEE BENEFIT PLANS

6 Months Ended

Jun. 30, 2023

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 costs were as follows 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		2023		2022		2023		2022
Service cost	Salaries and employee benefits	$	70	$	133	$	140	$	267
Interest cost	Other expenses	189		115		378		230
Recognized net actuarial loss	Other expenses	—		215		—		431
Total		$	259	$	463	$	518	$	928

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		2023		2022		2023		2022
Service cost	Salaries and employee benefits	$	3	$	5	$	5	$	10
Interest cost	Other expenses	41		28		81		56
Recognized net actuarial (gain) loss	Other expenses	—		22		(1)		44
Amortization of prior service credit	Other expenses	(6)		(6)		(11)		(12)
Total		$	38	$	49	$	74	$	98