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Employee Benefit Plan
3 Months Ended
Mar. 31, 2022
Retirement Benefits [Abstract]  
Employee Benefit Plan Employee Benefit Plan
 
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 net retirement plan actuarial loss, and prior service cost recognized.

Components of Net Periodic Benefit Cost:
Pension Benefits
Three Months Ended
Life and Health
Three Months Ended
SERP Benefits
Three Months Ended
(In thousands)3/31/20223/31/20213/31/20223/31/20213/31/20223/31/2021
Service cost$0 $$44 $52 $52 $60 
Interest cost463 487 52 54 201 199 
Expected return on plan assets(1,468)(1,415)0 0 
Amortization of net retirement plan actuarial loss323 383 52 74 240 307 
Amortization of net retirement plan prior service (credit) cost0 (15)(15)71 71 
Net periodic benefit (income) cost$(682)$(545)$133 $165 $564 $637 

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 $506,000 and $619,000, net of tax, as amortization of amounts previously recognized in accumulated other comprehensive (loss) income, for the three months ended March 31, 2022 and 2021, respectively.
 
The Company is not required to contribute to the pension plan in 2022, but it may make voluntary contributions. The Company did not contribute to the pension plan in the first three months of 2022 and 2021.