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Pension Plans | 6 Months Ended
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Jun. 30, 2021
Retirement Benefits [Abstract] |
Pension Plans | Pension Plans The Company has historically sponsored two defined benefit pension plans – a qualified retirement plan (the “Pension Plan”) which was generally available to all employees, and a Supplemental Executive Retirement Plan (the “SERP”), which was for the benefit of certain senior management executives of the Company. Effective December 31, 2012, the Company froze both plans for all participants. Although no previously accrued benefits were lost, employees no longer accrue benefits for service subsequent to 2012. The Company recorded periodic pension cost totaling $126,000 and $215,000 for the three months ended June 30, 2021 and 2020, respectively, and $317,000 and $431,000 for the six months ended June 30, 2021 and 2020. The following table contains the components of the pension cost.
| For the Three Months Ended June 30,
($ in thousands) | 2021 Pension Plan |  | 2020 Pension Plan |  | 2021 SERP |  | 2020 SERP |  | 2021 Total Both Plans |  | 2020 Total Both Plans
Service cost | $ | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest cost | 104 |  |  | 305 |  |  | 20 |  |  | 55 |  |  | 124 |  |  | 360 |
Expected return on plan assets | (203) |  |  | (325) |  |  | — |  |  | — |  |  | (203) |  |  | (325) |
Amortization of net (gain)/loss | 158 |  |  | 221 |  |  | 47 |  |  | (41) |  |  | 205 |  |  | 180 |
Net periodic pension cost | $ | 59 |  |  | 201 |  |  | 67 |  |  | 14 |  |  | 126 |  |  | 215 |

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