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Employee Benefit Plan
 9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Employee Benefit Plan Employee Benefit Plans
 
The following table sets forth the amount of the net periodic benefit cost recognized by the Company for the Company’s pension plan, post-retirement plan (Life and Health), and supplemental employee retirement plans (“SERP”) including the following components: service cost, interest cost, expected return on plan assets for the period, amortization of the unrecognized transitional obligation or transition asset, and the amounts of recognized gains and losses, prior service cost recognized, and gain or loss recognized due to settlement or curtailment.

Components of Net Periodic Benefit Cost

 
Pension Benefits
Three Months Ended
Life and Health
Three Months Ended
SERP Benefits
Three Months Ended
(In thousands)
9/30/2019

 
9/30/2018

9/30/2019

 
9/30/2018

9/30/2019

 
9/30/2018

Service cost
$
0

 
$
0

$
40

 
$
53

$
38

 
$
40

Interest cost
734

 
627

72

 
68

228

 
208

Expected return on plan assets
(1,233
)
 
(1,412
)
0

 
0

0

 
0

Amortization of net retirement plan actuarial loss
333

 
280

0

 
16

78

 
135

Amortization of net retirement plan prior service (credit) cost
(3
)
 
(3
)
(15
)
 
(15
)
22

 
22

Net periodic benefit (income) cost
$
(169
)
 
$
(508
)
$
97

 
$
122

$
366

 
$
405


 
Pension Benefits
Nine Months Ended
Life and Health
Nine Months Ended
SERP Benefits
Nine Months Ended
(In thousands)
9/30/2019

 
9/30/2018

9/30/2019

 
9/30/2018

9/30/2019

 
9/30/2018

Service cost
$
0

 
$
0

$
120

 
$
159

$
115

 
$
120

Interest cost
2,202

 
1,881

217

 
203

684

 
625

Expected return on plan assets
(3,699
)
 
(4,236
)
0

 
0

0

 
0

Amortization of net retirement plan actuarial loss
1,000

 
839

0

 
47

232

 
404

Amortization of net retirement plan prior service cost (credit)
(8
)
 
(8
)
(46
)
 
(47
)
65

 
65

Net periodic benefit (income) cost
$
(505
)
 
$
(1,524
)
$
291

 
$
362

$
1,096

 
$
1,214



  
The service component of net periodic benefit cost for the Company's benefit plans is recorded as a part of salaries and wages in the consolidated statements of income. All other components are recorded as part of other operating expenses in the consolidated statements of income.
 
The Company realized approximately $938,000 and $982,000, net of tax, as amortization of amounts previously recognized in accumulated other comprehensive (loss) income, for the nine months ended September 30, 2019 and 2018, respectively.
 
The Company is not required to contribute to the pension plan in 2019, but it may make voluntary contributions. The Company did not contribute to the pension plan in the first nine months of 2019 and 2018.