XML 60 R47.htm IDEA: XBRL DOCUMENT v3.20.4
Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2020
Supplemental Retirement Plan  
Benefit plans  
Schedule of change in projected benefit obligation

    

2020

    

2019

 

(Dollars in thousands)

 

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

33,689

$

26,781

Projected benefit obligation of SERP agreements acquired from Presidio

2,541

Service cost

 

492

 

263

Actuarial loss (gain)

 

3,008

 

4,182

Interest cost

 

935

 

1,059

Benefits paid

 

(3,118)

 

(1,137)

Plan amendment

398

Projected benefit obligation at end of year

$

35,404

$

33,689

Amounts recognized in accumulated other comprehensive loss:

Net actuarial loss

$

12,445

$

9,714

Schedule of weighted-average assumptions used to determine the benefit obligation

    

2020

    

2019

 

Discount rate

 

2.26

%  

3.01

%

Rate of compensation increase

 

N/A

N/A

Schedule of estimated benefit payments over the next ten years, which reflect anticipated future events, service and other assumptions

    

Estimated

 

Benefit

 

Year

Payments

 

(Dollars in thousands)

 

2021

$

2,123

2022

 

1,814

2023

 

1,918

2024

 

1,954

2025

 

2,026

2026 to 2030

11,465

Schedule of components of net periodic benefit cost

    

    

 

 

2020

    

2019

(Dollars in thousands)

Components of net periodic benefit cost:

Service cost

$

492

$

263

Interest cost

 

935

 

1,059

Amortization of prior transition obligation

299

Amortization of net actuarial loss

 

387

 

184

Accelerated benefits for Presidio SERP agreements

due to change in control

1,465

Net periodic benefit cost

$

2,113

$

2,971

Amount recognized in other comprehensive income

$

1,924

$

2,847

Schedule of assumption used to determine the net periodic benefit cost

    

2020

    

2019

 

Discount rate

 

3.01

%  

4.03

%

Rate of compensation increase

 

N/A

N/A

Split-Dollar Life Insurance Benefit Plan  
Benefit plans  
Schedule of change in projected benefit obligation

    

December 31, 

    

December 31, 

 

2020

    

2019

(Dollars in thousands)

 

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

8,198

$

6,903

Interest cost

 

246

 

278

Actuarial loss (gain)

 

1,245

 

1,017

Projected benefit obligation at end of period

$

9,689

$

8,198

Schedule of weighted-average assumptions used to determine the benefit obligation

    

2020

    

2019

 

Discount rate

 

2.26

%  

3.01

%

Schedule of amounts recognized in accumulated other comprehensive loss

    

December 31, 

    

December 31,

 

2020

    

2019

(Dollars in thousands)

 

Net actuarial loss

$

5,170

$

3,776

Prior transition obligation

 

970

 

1,059

Accumulated other comprehensive loss

$

6,140

$

4,835

Schedule of components of net periodic benefit cost

    

    

 

 

2020

    

2019

(Dollars in thousands)

 

Amortization of prior transition obligation and actuarial losses

$

(60)

$

(96)

Interest cost

 

246

 

278

Net periodic benefit cost

$

186

$

182

Amount recognized in other comprehensive income

$

1,305

$

1,113

Schedule of assumption used to determine the net periodic benefit cost

    

2020

    

2019

 

Discount rate

 

3.01

%  

4.03

%