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Post-Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2019

SCBT Post-retirement Benefit Plan

Post-Retirement Benefits

Schedule of the plan's funded status and amounts recognized in the Company's accompanying consolidated financial statements

​

​	​	​	​	​	​	​	​	​	​	​
​	​	December 31,
(Dollars in thousands)	​	2019		​	2018		​	2017
Change in benefit obligation:		​			​			​		​
Benefit obligation at beginning of year	​	$	309	​	$	337	​	$	393	​
Interest cost	​		11	​		11	​		13	​
Actuarial loss	​		(33)	​		2	​		(29)	​
Benefits paid	​		(33)	​		(41)	​		(40)	​
Benefit obligation at end of year	​		254	​		309	​		337	​
Change in plan assets:	​	​	​	​	​	​	​	​	​	​
Fair value of plan assets at beginning of year	​		—	​		—	​		—	​
Employer contribution	​		33	​		41	​		40	​
Benefits paid	​		(33)	​		(41)	​		(40)	​
Fair value of plan assets at end of year	​		—	​		—	​		—	​
Funded status	​	$	(254)	​	$	(309)	​	$	(337)	​

Schedule of weighted average assumptions used to determine benefit obligations and net periodic benefit cost

​

​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2019	​	2018	​	2017
Weighted-average assumptions used to determine benefit obligation at December 31:							​
Discount rate		2.70	%	3.80	%	3.20	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:	​	​	​	​	​	​	​
Discount rate		3.80	%	3.20	%	3.50	%
Assumed health care cost trend rates at December 31:	​	​	​	​	​	​	​
Health care cost trend rate assumed for next year		5.00	%	5.00	%	5.00	%

Schedule of components of net periodic benefit cost and other amounts recognized in other comprehensive income

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
(Dollars in thousands)	​	2019		​	2018		​	2017
Interest cost		$	11		$	10		$	13	​
Recognized net actuarial loss	​		6	​		6	​		10	​
Net periodic benefit cost	​		17	​		16	​		23	​
Net (gain) loss	​		(33)	​		2	​		(29)	​
Amortization of gain	​		(6)	​		(6)	​		(10)	​
Total amount recognized in other comprehensive income	​		(39)	​		(4)	​		(39)	​
Total recognized in net periodic benefit cost and other comprehensive income	​	$	(22)	​	$	12	​	$	(16)	​

Schedule of effects of one-percentage-point change in assumed health care cost trend rates

​

​	​	​	​	​	​	​	​
​	​	One-Percentage Point
(Dollars in thousands)	​	Increase		​	Decrease
Effect on total of interest cost		$	1		$	(1)	​
Effect on postretirement benefit obligation	​		13	​		(12)	​

Schedule of estimated future benefit payments (including expected future service as appropriate)

​

​	​	​	​	​
(Dollars in thousands)			​
2020	​	$	31	​
2021	​		30	​
2022	​		28	​
2023	​		27	​
2024	​		25	​
2025-2029	​		95	​
​	​	$	236	​

FFCH Post-retirement Benefit Plan

Post-Retirement Benefits

Schedule of the plan's funded status and amounts recognized in the Company's accompanying consolidated financial statements

​

​	​	​	​	​	​	​	​	​	​	​
​	​	December 31,								​
(Dollars in thousands)		2019			2018			2017		​
Change in benefit obligation:	​	​	​	​	​	​	​	​	​	​
Benefit obligation at beginning of year	​	$	2,281	​	$	2,392	​	$	2,447	​
Interest cost	​	​	82	​		73	​		81	​
Actuarial loss	​	​	7	​		89	​		126	​
Benefits paid	​	​	(273)	​		(286)	​		(274)	​
Less: Federal subsidy on benefits paid	​	​	12	​		13	​		12	​
Benefit obligation at end of year	​	​	2,109	​		2,281	​		2,392	​
Change in plan assets:	​	​	​	​	​	​	​	​	​	​
Fair value of plan assets at beginning of year	​	​	—	​		—	​		—	​
Employer contribution	​	​	261	​		286	​		274	​
Participants’ contributions	​	​	12	​		—	​		—	​
Benefits paid	​	​	(273)	​		(286)	​		(274)	​
Fair value of plan assets at end of year	​	​	—	​		—	​		—	​
Funded status	​	$	(2,109)	​	$	(2,281)	​	$	(2,392)	​

Schedule of weighted average assumptions used to determine benefit obligations and net periodic benefit cost

​

​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
​		2019		2018	​	2017	​
Weighted-average assumptions used to determine benefit obligation at December 31:	​	​	​	​	​	​	​
Discount rate	​	2.70	%	3.80	%	3.20	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:	​	​	​	​	​	​	​
Discount rate	​	3.80	%	3.20	%	3.50	%
Assumed health care cost trend rates at December 31:	​	​	​	​	​	​	​
Health care cost trend rate assumed for next year	​	5.00	%	5.00	%	5.00	%

Schedule of components of net periodic benefit cost and other amounts recognized in other comprehensive income

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
(Dollars in thousands)		2019			2018			2017
Interest cost	​	$	82	​	$	73	​	$	81	​
Recognized net actuarial loss	​	​	160	​		154	​		147	​
Net periodic benefit cost	​	​	242	​		227	​		228	​
Net loss	​	​	7	​		89	​		126	​
Amortization of loss	​	​	(160)	​		(154)	​		(147)	​
Total amount recognized in other comprehensive income	​	​	(153)	​		(65)	​		(21)	​
Total recognized in net periodic benefit cost and other comprehensive income	​	$	89	​	$	162	​	$	207	​

Schedule of effects of one-percentage-point change in assumed health care cost trend rates

​

​	​	​	​	​	​	​	​
​	​	One-Percentage Point
(Dollars in thousands)	​	Increase		​	Decrease
Effect on aggregate service and interest cost		$	5		$	(5)	​
Effect on postretirement benefit obligation	​	​	130	​	​	(118)	​

Schedule of estimated future benefit payments (including expected future service as appropriate)

Estimated future benefit payments (including expected future service as appropriate):

​

​	​	​	​	​
(Dollars in thousands)			​
2020	​	$	240	​
2021	​		230	​
2022	​		218	​
2023	​		206	​
2024	​		193	​
2025-2029	​		752	​
​	​	$	1,839	​

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- Definition

Tabular disclosure of amount recognized in net periodic benefit cost and other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans.

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
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Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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-Publisher FASB
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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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-Publisher FASB
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