Employee Benefit Plans	12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	19. Employee Benefit Plans 401(k) Plan Employees of Premier are eligible to participate in the Premier Financial Corp. 401(k) Employee Savings Plan (the “Premier 401(k)”) if they meet certain age and service requirements. Under the Premier 401(k), Premier matches 100% of the participants’ contributions up to 3% of compensation and then 50% of the participants’ contributions for the next 2% of compensation. The Premier 401(k) also provides for a discretionary Premier contribution in addition to the Premier matching contribution. Premier matching contributions totaled $2.6 million, $2.5 million and $1.4 million for the years ended December 31, 2021, 2020 and 2019, respectively. There were no discretionary contributions in any of those years. Group Life Plan On June 30, 2010, the Bank adopted the First Federal Bank of the Midwest Executive Group Life Plan – Post Separation (the “Group Life Plan”) in which various employees, including the Company’s named executive officers, may participate. Under the terms of the Group Life Plan, the Bank will purchase and own life insurance policies covering the lives of employees selected by the Board of Directors of the Bank as participants. There was $(121,000), $40,000 and $60,000 of (recovery)/expense recorded for the years ended December 31, 2021, 2020 and 2019, respectively, with a liability of $1.7 million and $1.8 million for future benefits recorded at December 31, 2021 and 2020, respectively. Deferred Compensation The deferred compensation plan covers all directors and certain employees that elect to participate. Under the plan, the Company pays each participant, or their beneficiary, the amount of fees deferred plus interest over a defined time period. The deferred compensation plan has approximately $9.4 and $7.4 million in assets and liabilities, respectively, as of December 31, 2021, which are matched in terms of investment elections. As of December 31, 2020, the deferred compensation plan had approximately $8.2 and $6.8 million in assets and liabilities, respectively, which were matched in terms of investment elections. Every year, other noninterest income and other noninterest expense reflects the changes in fair value of the underlying investments in the assets and liabilities, respectively. The net expense (income) recorded for the deferred compensation plan for each of the last three years was ($66,000), $(11,000) and $85,000 in 2021, 2020 and 2019, respectively. As a part of the Merger, Premier assumed the United Community Financial Corp. Deferred Compensation Plan. This is an unfunded plan for a select group of key management including named executive officers. The deferred compensation plan has approximately $1.8 million and $1.9 million, respectively, in both assets and liabilities as of December 31, 2021 and December 31, 2020. As of December 31, 2020, this plan has been frozen. Participants can choose to receive a lump sum payout or elect to receive installments for up to 11 years once they are eligible to withdraw funds.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2021

19.

Employee Benefit Plans

401(k) Plan

Employees of Premier are eligible to participate in the Premier Financial Corp. 401(k) Employee Savings Plan (the “Premier 401(k)”) if they meet certain age and service requirements. Under the Premier 401(k), Premier matches 100% of the participants’ contributions up to 3% of compensation and then 50% of the participants’ contributions for the next 2% of compensation. The Premier 401(k) also provides for a discretionary Premier contribution in addition to the Premier matching contribution. Premier matching contributions totaled $2.6 million, $2.5 million and $1.4 million for the years ended December 31, 2021, 2020 and 2019, respectively. There were no discretionary contributions in any of those years.

Group Life Plan

On June 30, 2010, the Bank adopted the First Federal Bank of the Midwest Executive Group Life Plan – Post Separation (the “Group Life Plan”) in which various employees, including the Company’s named executive officers, may participate. Under the terms of the Group Life Plan, the Bank will purchase and own life insurance policies covering the lives of employees selected by the Board of Directors of the Bank as participants. There was $(121,000), $40,000 and $60,000 of (recovery)/expense recorded for the years ended December 31, 2021, 2020 and 2019, respectively, with a liability of $1.7 million and $1.8 million for future benefits recorded at December 31, 2021 and 2020, respectively.

Deferred Compensation

The deferred compensation plan covers all directors and certain employees that elect to participate. Under the plan, the Company pays each participant, or their beneficiary, the amount of fees deferred plus interest over a defined time period. The deferred compensation plan has approximately $9.4 and $7.4 million in assets and liabilities, respectively, as of December 31, 2021, which are matched in terms of investment elections. As of December 31, 2020, the deferred compensation plan had approximately $8.2 and $6.8 million in assets and liabilities, respectively, which were matched in terms of investment elections. Every year, other noninterest income and other noninterest expense reflects the changes in fair value of the underlying investments in the assets and liabilities, respectively. The net expense (income) recorded for the deferred compensation plan for each of the last three years was ($66,000), $(11,000) and $85,000 in 2021, 2020 and 2019, respectively.

As a part of the Merger, Premier assumed the United Community Financial Corp. Deferred Compensation Plan. This is an unfunded plan for a select group of key management including named executive officers. The deferred compensation plan has approximately $1.8 million and $1.9 million, respectively, in both assets and liabilities as of December 31, 2021 and December 31, 2020. As of December 31, 2020, this plan has been frozen. Participants can choose to receive a lump sum payout or elect to receive installments for up to 11 years once they are eligible to withdraw funds.