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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Costs of Retirement Plans
The following summarizes retirement plan expense for the years ended December 31:
202420232022
 (dollars in thousands)
401(k) Retirement Plan$13,739 $11,930 $10,988 
Pension Plan(1,036)464 (1,347)
Total$12,703 $12,394 $9,641 
Multiemployer Plan
Information regarding the Prudential Bancorp Pension Plan as of December 31, 2024 is as follows:

Legal Name of PlanPrudential Bancorp Pension Plan
(dollars in thousands)
Plan Employer Identification Number23-1928421
The Corporation's contribution for the year ended December 31, 2024(1)
$355 
Are the Corporation's contributions more than 5% of total contributions?No
Funded Status80.81 %
(1) Includes 2025 prepayment of $138 thousand.
Pension Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost
The net periodic pension cost for the Pension Plan, as determined by consulting actuaries, consisted of the following components for the years ended December 31:
202420232022
 (dollars in thousands)
Interest cost$3,159 $3,269 $2,393 
Expected return on assets(3,903)(3,436)(4,393)
Net amortization and deferral— 631 653 
Gain on settlement(292)— — 
Net periodic pension cost$(1,036)$464 $(1,347)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
The following table summarizes the changes in the projected benefit obligation and fair value of Pension Plan assets for the plan years ended December 31:
20242023
 (dollars in thousands)
Projected benefit obligation at beginning of year$68,952 $68,716 
Interest cost3,159 3,269 
Benefit payments(8,843)(4,687)
Change in assumptions(4,323)1,492 
Experience gain484 162 
Projected benefit obligation at end of year$59,429 $68,952 
Fair value of plan assets at beginning of year$84,659 $78,137 
Actual return on plan assets9,779 11,209 
Benefit payments(8,843)(4,687)
Fair value of plan assets at end of year$85,595 $84,659 
Schedule of Net Funded Status
The following table presents the funded status of the Pension Plan, included in other assets and other liabilities on the consolidated balance sheets, as of December 31:
20242023
 (dollars in thousands)
Projected benefit obligation$(59,429)$(68,952)
Fair value of plan assets85,595 84,659 
Funded status$26,166 $15,707 
Schedule Of Changes In Unrecognized Pension And Postretirement Items
The following table summarizes the changes in the unrecognized net loss included as a component of AOCI:
 Unrecognized Net Loss  (Gain)
 Before taxNet of tax
 (dollars in thousands)
Balance as of December 31, 2022$12,070 $9,384 
Recognized as a component of 2023 periodic pension cost(631)(492)
Unrecognized gains arising in 2023(6,119)(4,775)
Balance as of December 31, 20235,320 4,117 
Recognized as a component of 2024 periodic pension cost— — 
Unrecognized gains arising in 2024(9,417)(7,284)
Balance as of December 31, 2024$(4,097)$(3,167)
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate the net periodic pension cost and the present value of benefit obligations as of December 31:
202420232022
Discount rate-projected benefit obligation5.38 %4.73 %4.93 %
Expected long-term rate of return on plan assets5.00 %5.00 %5.00 %
Schedule of Allocation of Plan Assets
The following table presents a summary of the fair values of the Pension Plan's assets as of December 31:
 20242023
 Estimated
Fair Value		% of Total
Assets		Estimated
Fair Value		% of Total
Assets
 (dollars in thousands)
Equity mutual funds$31,369 $27,998 
Equity common trust funds16,486 20,246 
Equity securities47,855 55.9 %48,244 57.0 %
Cash and money market funds5,534 6,276 
Fixed income mutual funds13,590 12,639 
Corporate debt securities4,090 2,600 
U.S. Government agency securities9,493 9,908 
Fixed income securities and cash32,707 38.2 %31,423 37.1 %
Other alternative investment funds5,033 5.9 %4,992 5.9 %
Total$85,595 100.0 %$84,659 100.0 %
Schedule of Expected Benefit Payments
Estimated future benefit payments are as follows (in thousands):
Year 
2025$4,938 
20265,005 
20275,050 
20285,058 
20295,039 
Thereafter24,533 
Total$49,623 
Other Postretirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost
The components of the net benefit for Postretirement Plan other than pensions are as follows:
202420232022
 (dollars in thousands)
Interest cost$38 $42 $34 
Net amortization and deferral(541)(558)(525)
Net postretirement benefit$(503)$(516)$(491)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
This table summarizes the changes in the accumulated postretirement benefit obligation for the years ended December 31:
20242023
 (dollars in thousands)
Accumulated postretirement benefit obligation at beginning of year$844 $972 
Interest cost38 42 
Benefit payments(135)(147)
Change in experience42 (31)
Change in assumptions(36)8 
Accumulated postretirement benefit obligation at end of year$753 $844 
Schedule Of Changes In Unrecognized Pension And Postretirement Items
The following table summarizes the changes in items recognized as a component of accumulated other comprehensive income (loss):
 Before tax 
 Unrecognized
Prior Service
Cost		Unrecognized
Net Loss (Gain)		TotalNet of tax
 (dollars in thousands)
Balance as of December 31, 2022$(2,084)$(818)$(2,902)$(2,264)
Recognized as a component of 2023 postretirement cost464 94 558 435 
Unrecognized gains arising in 2023— (23)(23)(18)
Balance as of December 31, 2023(1,620)(747)(2,367)(1,847)
Recognized as a component of 2024 postretirement cost464 77 541 422 
Unrecognized loss arising in 2024— 6 6 5 
Balance as of December 31, 2024$(1,156)$(664)$(1,820)$(1,420)
Schedule Of Rates Used To Calculate Net Periodic Pension Costs And Present Value Of Benefit Obligations
The following rates were used to calculate net periodic postretirement benefit cost and the present value of benefit obligations as of December 31:
202420232022
Discount rate-projected benefit obligation5.38 %4.73 %4.93 %
Expected long-term rate of return on plan assets3.00 %3.00 %3.00 %
Schedule of Expected Benefit Payments
Estimated future benefit payments under the Postretirement Plan are as follows (dollars in thousands):
Year 
2025$129 
2026116 
2027103 
202892 
202981 
Thereafter270 
Total $791