COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS

The components of net periodic expense for the Corporation’s pension and other benefit plans for the periods indicated are as follows (in thousands):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2021		2020		2021		2020
Qualified Pension Plan
Service cost, benefits earned during the period	$	—	$	—	$	—	$	—
Interest cost on projected benefit obligation	270		322		542		644
Expected return on plan assets	(673)		(610)		(1,346)		(1,220)
Amortization of unrecognized transition obligation	—		—		—		—
Amortization of unrecognized prior service cost	—		—		—		—
Amortization of unrecognized net loss	38		49		75		98
Net periodic pension benefit	$	(365)	$	(239)	$	(729)	$	(478)
Supplemental Pension Plan
Service cost, benefits earned during the period	$	—	$	—	$	—	$	—
Interest cost on projected benefit obligation	8		10		16		20
Expected return on plan assets	—		—		—		—
Amortization of unrecognized prior service cost	—		—		—		—
Amortization of unrecognized net loss	5		3		10		6
Net periodic supplemental pension cost	$	13	$	13	$	26	$	26
Postretirement Plan, Medical and Life
Service cost, benefits earned during the period	$	—	$	—	$	—	$	—
Interest cost on projected benefit obligation	2		2		4		4
Expected return on plan assets	—		—		—		—
Amortization of unrecognized prior service cost	(55)		(55)		(110)		(110)
Amortization of unrecognized net loss	14		25		27		50
Net periodic postretirement, medical and life benefit	$	(39)	$	(28)	$	(79)	$	(56)