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Employee Benefit Plan
3 Months Ended
Mar. 31, 2025
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)03/31/202503/31/202403/31/202503/31/202403/31/202503/31/2024
Service cost$0 $$5 $$14 $12 
Interest cost803 832 85 90 290 298 
Expected return on plan assets(1,326)(1,232)0 0 
Amortization of net retirement plan actuarial loss202 259 (31)(17)0 
Amortization of net retirement plan prior service (credit) cost0 (4)(11)53 56 
Net periodic benefit (income) cost$(321)$(141)$55 $69 $357 $366 

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 $165,000 and $217,000, net of tax, as amortization of amounts previously recognized in accumulated other comprehensive (loss) income, for the three months ended March 31, 2025 and 2024, respectively.
 
The Company is not required to contribute to the pension plan in 2025, but it may make voluntary contributions. The Company did not contribute to the pension plan in the first three months of 2025 and 2024.