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Pension

3 Months Ended

Mar. 31, 2020

Pension [Abstract]

Pension

Note 10. Pension

The components of pension expense for the periods presented are as follows:

		Three Months Ended
		March 31,
(Dollars in thousands)		2020			2019
Components of net periodic cost:
Service cost		$	83		$	80
Interest cost			131			158
Expected return on plan assets			(269)			(270)
Recognized net actuarial loss			226			152
Total pension expense		$	171		$	120

The Bank expects its pension expense to increase to approximately $680 thousand in 2020 compared to $421 thousand in 2019, due primarily to increases in recognized net actuarial losses. The service cost component of pension expense is in the salaries and employee benefits line on the income statement. All other cost components are in the other expense line on the income statement.

 

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- References

No definition available.

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- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

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