Employee Benefit Plans

6 Months Ended

Jun. 30, 2018

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]

(11.)EMPLOYEE BENEFIT PLANS

The components of the Company’s net periodic benefit expense for its pension and post-retirement obligations were as follows (in thousands):

	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Service cost	$	837		$	785		$	1,673		$	1,570
Interest cost on projected benefit obligation		597			614			1,195			1,227
Expected return on plan assets		(1,321	)		(1,194	)		(2,642	)		(2,388	)
Amortization of unrecognized prior service credit		(18	)		(13	)		(36	)		(26	)
Amortization of unrecognized net actuarial loss		188			291			375			583
Net periodic benefit expense	$	283		$	483		$	565		$	966

The net periodic benefit expense is recorded as a component of salaries and employee benefits in the consolidated statements of income. The Company’s funding policy is to contribute, at a minimum, an actuarially determined amount that will satisfy the minimum funding requirements determined under the appropriate sections of the Internal Revenue Code. The Company has no minimum required contribution for the 2018 fiscal year.