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Employee Benefit Plan
3 Months Ended
Mar. 31, 2023
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 BenefitsLife and HealthSERP Benefits
Three Months EndedThree Months EndedThree Months Ended
(In thousands)03/31/202303/31/202203/31/202303/31/202203/31/202303/31/2022
Service cost$0 $$15 $44 $14 $52 
Interest cost823 463 89 52 299 201 
Expected return on plan assets(1,199)(1,468)0 0 
Amortization of net retirement plan actuarial loss304 323 (7)52 0 240 
Amortization of net retirement plan prior service (credit) cost0 (15)(15)70 71 
Net periodic benefit (income) cost$(72)$(682)$82 $133 $383 $564 

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 $266,000 and $506,000, net of tax, as amortization of amounts previously recognized in accumulated other comprehensive (loss) income, for the three months ended March 31, 2023 and 2022, respectively.
 
The Company is not required to contribute to the pension plan in 2023, but it may make voluntary contributions. The Company did not contribute to the pension plan in the first three months of 2023 and 2022.