Pension and Other Postretirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2024

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)	2024		2023		2024		2023
Employee Pension Plan:
Interest cost	$	194	$	203	$	388	$	406
Expected return on plan assets		(284)		(277)		(568)		(554)
Net employee pension benefit (1)	$	(90)	$	(74)	$	(180)	$	(148)
Outside Director Pension Plan:
Service cost	$	2	$	2	$	4	$	4
Interest cost		11		14		22		29
Amortization of unrecognized gain		(38)		(40)		(76)		(80)
Net outside director pension (benefit) expense (2)	$	(25)	$	(24)	$	(50)	$	(47)
Other Postretirement Benefit Plans:
Service cost	$	42	$	40	$	84	$	80
Interest cost		96		96		192		191
Amortization of unrecognized gain		(54)		(60)		(108)		(120)
Net other postretirement expense (1)	$	84	$	76	$	168	$	151

(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.