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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Employee Benefits Charged to Operating Expenses
Employee benefits charged to operating expenses are summarized in the table below for the periods indicated.
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)
20242023 20242023
Payroll taxes$361$374$1,188$1,228
Medical plans3995051,2351,400
401(k) match and profit sharing310250931761
Periodic pension cost264265792796
Other90119130
Total employee benefits$1,424$1,405$4,237$4,215
Schedule of Components of Net Pension Cost
The following items are components of net pension cost (income) for the periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)
2024202320242023
Service cost - benefits earned during the year$236 $237 $710 $710 
Interest costs on projected benefit obligations (a)370 357 1,108 1,071 
Expected return on plan assets (a)(590)(544)(1,769)(1,634)
Expected administrative expenses28 28 82 86 
Amortization of unrecognized net gain (a)(173)(160)(518)(480)
Net periodic pension income$(129)$(82)$(387)$(247)
(a)The components of net periodic pension cost (income) other than the service cost and expected administrative expenses are included in other non-interest income.