Pension and Other Postretirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of net expense for the pension and other postretirement benefit plans

	Three months ended				Six months ended
	June 30,				June 30,
(In thousands)	2023		2022		2023		2022
Employee Pension Plan:
Interest cost	$	203	$	138	$	406	$	276
Amortization of unrecognized loss		—		1		—		2
Expected return on plan assets		(277)		(258)		(554)		(515)
Net employee pension benefit (1)	$	(74)	$	(119)	$	(148)	$	(237)
Outside Director Pension Plan:
Service cost	$	2	$	3	$	4	$	6
Interest cost		14		12		29		23
Amortization of unrecognized gain		(40)		(7)		(80)		(14)
Net outside director pension (benefit) expense (2)	$	(24)	$	8	$	(47)	$	15
Other Postretirement Benefit Plans:
Service cost	$	40	$	67	$	80	$	134
Interest cost		96		69		191		139
Amortization of unrecognized gain		(60)		—		(120)		—
Amortization of past service credit		—		(7)		—		(14)
Net other postretirement expense (1)	$	76	$	129	$	151	$	259

(1) Reported in the Consolidated Statements of Income as part of salaries and employee benefits.

(2) Reported in the Consolidated Statements of Income as part of other operating expenses.