XML 34 R23.htm IDEA: XBRL DOCUMENT

Noninterest Income and Noninterest Expense

6 Months Ended

Jun. 30, 2024

Noninterest Income and Noninterest Expense

Noninterest Income and Noninterest Expense

15. Noninterest Income and Noninterest Expense

Benefit Plans

The following table sets forth the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans for the three and six months ended June 30, 2024 and 2023:


	Income line item where recognized in	Pension Benefits				Other Benefits
(dollars in thousands)	the consolidated statements of income	2024		2023		2024		2023
Three Months Ended June 30,
Service cost	Salaries and employee benefits	$	—	$	—	$	137	$	147
Interest cost	Other noninterest expense		1,905		2,059		211		220
Expected return on plan assets	Other noninterest expense		(878)		(882)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		503		719		(322)		(379)
Total net periodic benefit cost		$	1,530	$	1,896	$	26	$	(12)

Six Months Ended June 30,
Service cost	Salaries and employee benefits	$	—	$	—	$	274	$	294
Interest cost	Other noninterest expense		3,811		4,118		422		440
Expected return on plan assets	Other noninterest expense		(1,756)		(1,765)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		1,006		1,438		(644)		(758)
Total net periodic benefit cost		$	3,061	$	3,791	$	52	$	(24)

Leases

The Company recognized operating lease income related to lease payments of $1.6 million and $1.5 million for the three months ended June 30, 2024 and 2023, respectively, and $3.2 million and $3.1 million for the six months ended June 30, 2024 and 2023, respectively. In addition, the Company recognized $1.6 million and $1.5 million of lease income related to variable lease payments for the three months ended June 30, 2024 and 2023, respectively, and $3.2 million and $3.3 million for the six months ended June 30, 2024 and 2023, respectively.