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Employee Benefit Plans
9 Months Ended
Sep. 30, 2025
Employee Benefit Plans  
Employee Benefit Plans

NOTE 8: Employee Benefit Plans

The following table summarizes the components of net periodic benefit cost for the Bank’s non-contributory cash balance pension plan.

Three Months Ended September 30, 

Nine Months Ended September 30, 

 

(Dollars in thousands)

    

2025

    

2024

    

2025

    

2024

 

Components of net periodic benefit cost:

Service cost, included in salaries and employee benefits

$

330

$

339

$

990

$

1,076

Other components of net periodic benefit cost:

Interest cost

 

216

 

203

 

648

 

582

Expected return on plan assets

 

(360)

 

(346)

 

(1,082)

 

(1,031)

Amortization of prior service credit

 

(17)

 

(18)

 

(51)

 

(52)

Recognized net actuarial losses

 

11

 

38

 

34

 

92

Other components of net periodic benefit cost, included in other noninterest expense

(150)

(123)

(451)

(409)

Net periodic benefit cost

$

180

$

216

$

539

$

667