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Noninterest Income and Noninterest Expense

9 Months Ended

Sep. 30, 2025

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 nine months ended September 30, 2025 and 2024:


	Income line item where recognized in	Pension Benefits				Other Benefits
(dollars in thousands)	the consolidated statements of income	2025		2024		2025		2024
Three Months Ended September 30,
Service cost	Salaries and employee benefits	$	—	$	—	$	162	$	155
Interest cost	Other noninterest expense		1,886		1,950		203		182
Expected return on plan assets	Other noninterest expense		(876)		(878)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		382		503		(300)		(322)
Total net periodic benefit cost		$	1,392	$	1,575	$	65	$	15

Nine Months Ended September 30,
Service cost	Salaries and employee benefits	$	—	$	—	$	500	$	429
Interest cost	Other noninterest expense		5,645		5,761		653		604
Expected return on plan assets	Other noninterest expense		(2,628)		(2,634)		—		—
Recognized net actuarial loss (gain)	Other noninterest expense		1,148		1,509		(902)		(966)
Total net periodic benefit cost		$	4,165	$	4,636	$	251	$	67

Leases

The Company recognized operating lease income related to lease payments of $1.6 million for both the three months ended September 30, 2025 and 2024, and $4.9 million and $4.7 million for the nine months ended September 30, 2025 and 2024, respectively. In addition, the Company recognized $1.4 million and $1.5 million of lease income related to variable lease payments for the three months ended September 30, 2025 and 2024, respectively and $4.3 million and $4.7 million for the nine months ended September 30, 2025 and 2024, respectively.