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EMPLOYEE BENEFIT PLANS | 9 Months Ended
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Sep. 30, 2019
Compensation and Retirement Disclosure [Abstract] |
EMPLOYEE BENEFIT PLANS | NOTE 6 - EMPLOYEE BENEFIT PLANS The Company has a defined benefit pension plan covering substantially all full-time and eligible part-time associates and a Supplemental Executive Retirement Plan (“SERP”) covering its executive officers. The components of the net periodic benefit cost for the Company's qualified benefit pension plan were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in Thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Service Cost | $ | 1,529 |  | $ | 1,721 |  | $ | 4,587 |  | $ | 5,163
Interest Cost |  | 1,545 |  |  | 1,415 |  |  | 4,635 |  |  | 4,246
Expected Return on Plan Assets |  | (2,382) |  |  | (2,391) |  |  | (7,146) |  |  | (7,173)
Prior Service Cost Amortization |  | 4 |  |  | 50 |  |  | 12 |  |  | 150
Net Loss Amortization |  | 965 |  |  | 918 |  |  | 2,895 |  |  | 2,754
Net Periodic Benefit Cost | $ | 1,661 |  | $ | 1,713 |  | $ | 4,983 |  | $ | 5,140
Discount Rate |  | 4.43% |  |  | 3.71% |  |  | 4.43% |  |  | 3.71%
Long-term Rate of Return on Assets |  | 7.25% |  |  | 7.25% |  |  | 7.25% |  |  | 7.25%
The components of the net periodic benefit cost for the Company's SERP were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in Thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Interest Cost | $ | 87 |  | $ | 57 |  | $ | 261 |  | $ | 170
Net Loss Amortization |  | 190 |  |  | 406 |  |  | 570 |  |  | 1,220
Net Periodic Benefit Cost | $ | 277 |  | $ | 463 |  | $ | 831 |  | $ | 1,390
Discount Rate |  | 4.23% |  |  | 3.53% |  |  | 4.23% |  |  | 3.53%
The service cost component of net periodic benefit cost is reflected in compensation expense in the accompanying statements of income. The other components of net periodic cost are included in “other” within the n oninterest e xpense category in the statements of income.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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