XML 74 R56.htm IDEA: XBRL DOCUMENT v3.22.0.1
Retirement Plans (Tables) - Non-contributory defined benefit pension plan
12 Months Ended
Dec. 31, 2021
Retirement Plans  
Schedule of the pension plan's funded status and amounts recognized in the company's accompanying consolidated financial statements

December 31,

 

(Dollars in thousands)

2021

2020

2019

 

Change in benefit obligation:

    

    

    

    

    

    

Benefit obligation at beginning of year

$

$

$

28,906

Service cost

121

Interest cost

 

 

 

1,158

Actuarial loss

 

 

 

2,471

Benefits paid

 

 

 

(538)

Expenses

(318)

Plan termination settlements

(31,800)

Benefit obligation at end of year

 

 

 

Change in plan assets:

Fair value of plan assets at beginning of year

 

 

 

30,545

Actual return on plan assets

 

 

 

2,111

Benefits paid

 

 

 

(538)

Expenses

(318)

Plan termination settlements

(31,800)

Fair value of plan assets at end of year

 

 

 

Funded status

$

$

$

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

December 31,

(Dollars in thousands)

2021

2020

2019

Interest cost

    

$

    

$

    

$

1,157

Service cost

121

Expected return on plan assets

 

 

 

(2,361)

Recognized net actuarial loss

 

 

 

483

Net periodic pension benefit

 

 

 

(600)

Plan termination settlement

10,126

Net periodic pension cost with settlement

9,526

Net loss

 

 

 

2,722

Amortization of net gain

 

 

 

(483)

Plan termination settlement adjustment

(10,126)

Total amount recognized in other comprehensive income

 

 

 

(7,887)

Total recognized in net periodic benefit cost and other comprehensive income

$

$

$

1,639

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

Year ended

 

December 31,

 

2021

2020

2019

 

Discount rate

    

%  

%  

4.10

Expected long-term return on plan assets

 

%  

%  

7.75

%

Schedule of expenses incurred and charged against operations with regard to all of the company's retirement plans

Year Ended December 31,

 

(Dollars in thousands)

2021

2020

2019

 

Pension plan termination expense

$

$

$

9,526

Employee savings plan/ 401(k)

 

14,991

 

10,962

 

6,659

Supplemental executive retirement plan

 

3,475

 

2,862

 

2,343

Post-retirement benefits

 

67

 

43

 

144

$

18,533

$

13,867

$

18,672