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Pension and Other Postretirement Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2025
Summary of Significant Accounting Policies  
Schedule of net expense for the pension and other postretirement benefit plans

 

Three months ended

 

March 31, 

(In thousands)

    

2025

    

2024

Employee Pension Plan:

 

  

 

  

Interest cost

$

203

$

194

Expected return on plan assets

 

(277)

 

(284)

Net employee pension benefit (1)

$

(74)

$

(90)

Outside Director Pension Plan:

 

  

 

  

Service cost

$

2

$

2

Interest cost

 

12

 

11

Amortization of unrecognized gain

 

(25)

 

(38)

Net outside director pension (benefit) expense (2)

$

(11)

$

(25)

Other Postretirement Benefit Plans:

 

  

 

  

Service cost

$

38

$

42

Interest cost

 

115

 

96

Amortization of unrecognized gain

(48)

(54)

Net other postretirement expense (1)

$

105

$

84

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

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