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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Schedule of Changes in Benefit Obligation and Plan Assets

The following table summarizes changes in the benefit obligation and plan assets for each postretirement benefit plan as of the dates indicated:

						SERP												Other Postretirement Benefits
						December 31,												December 31,
(In thousands)						2021						2020						2021						2020
Benefit obligations:
Beginning of year						$	16,031					$	14,682					$	4,420					$	4,049
Service cost						504						464						26						28
Interest cost						389						460						103						123
Actuarial loss (gain)						222						911						(202)						371
Benefits paid						(536)						(486)						(180)						(151)
End of year						16,610						16,031						4,167						4,420
Fair value of plan assets:
Beginning of year						—						—						—						—
Employer contributions						536						486						180						151
Benefits paid						(536)						(486)						(180)						(151)
End of year						—						—						—						—
Unfunded status at end of year(1)						$	16,610					$	16,031					$	4,167					$	4,420
Amounts recognized in AOCI, net of tax:
Net actuarial loss						$	2,653					$	3,090					$	718					$	967
Prior service credit						—						—						(94)						(113)
Total						$	2,653					$	3,090					$	624					$	854

(1)    Presented within other liabilities on the consolidated statements of condition.

Schedule of Net Period Benefit Cost and Other Amounts Recognized in Other Comprehensive Income

The components of net periodic benefit cost and other amounts recognized in OCI, before taxes, were as follows for the periods indicated:

						SERP																		Other Postretirement Benefits
						For the Year Ended December 31,																		For the Year Ended December 31,
(In thousands)						2021						2020						2019						2021						2020						2019
Net periodic benefit cost:
Service cost(1)						$	504					$	464					$	395					$	26					$	28					$	48
Interest cost(2)						389						460						523						103						123						148
Recognized net actuarial loss(2)						778						623						240						116						78						31
Amortization of prior service credit(2)						—						—						—						(24)						(24)						(24)
Net periodic benefit cost						1,671						1,547						1,158						221						205						203
Changes in funded status recognized in OCI, before taxes:
Net actuarial loss (gain) arising during period						222						911						1,524						(202)						371						394
Reclassifications to net periodic benefit cost:
Amortization of net unrecognized actuarial loss						(778)						(623)						(240)						(116)						(78)						(31)
Amortization of prior service credit						—						—						—						24						24						24
Total recognized in OCI, before taxes						(556)						288						1,284						(294)						317						387
Total recognized in net periodic benefit cost and OCI, before taxes						$	1,115					$	1,835					$	2,442					$	(73)					$	522					$	590

(1)    Presented in salaries and employee benefits on the consolidated statements of income.

(2)    Presented in other expenses on the consolidated statements of income.

Schedule of Assumptions Used in Determining Benefit Obligations and Net Period Benefit Costs

The following assumptions were used in determining benefit obligations and net period benefit costs:

			SERP																		Other Postretirement Benefits
			2021						2020						2019						2021						2020						2019
Weighted-average assumptions as of end of year:
Discount rate for benefit obligation			2.8		%				2.5		%				3.2		%				2.8		%				2.4		%				3.2		%
Discount rate for net periodic benefit cost			2.5		%				3.2		%				4.2		%				2.4		%				3.2		%				4.2		%
Rate of compensation increase for benefit obligation			3.0		%				3.0		%				3.0		%				N/A						N/A						N/A
Rate of compensation increase for net periodic benefit cost			3.0		%				3.0		%				3.0		%				N/A						N/A						N/A
Health care cost trend rate assumed for future years			N/A						N/A						N/A						4.5% - 6.5%						4.5% - 6.5%						4.5% - 7.0%

Schedule of Estimated Future Benefit Payments

The expected benefit payments for the next ten years are presented in the following table:

(In thousands)						SERP						Other Postretirement Benefits
2022						$	566					$	261
2023						835						258
2024						966						260
2025						1,265						243
2026						1,177						228
Next 5 years						5,782						1,098

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost.

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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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