Pension and Other Postretirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Significant Accounting Policies

Schedule of net expense for the pension and other postretirement benefit plans


		Three months ended						Six months ended
		June 30,						June 30,
(In thousands)		2025			2024			2025			2024
Employee Pension Plan:
Interest cost		$	203		$	194		$	407		$	388
Expected return on plan assets			(277)			(284)			(554)			(568)
Net employee pension benefit ⁽¹⁾		$	(74)		$	(90)		$	(147)		$	(180)

Outside Director Pension Plan:
Service cost		$	2		$	2		$	4		$	4
Interest cost			12			11			24			22
Amortization of unrecognized gain			(25)			(38)			(50)			(76)
Net outside director pension (benefit) expense ⁽²⁾		$	(11)		$	(25)		$	(22)		$	(50)

Other Postretirement Benefit Plans:
Service cost		$	38		$	42		$	76		$	84
Interest cost			115			96			230			192
Amortization of unrecognized gain			(48)			(54)			(96)			(108)
Net other postretirement expense ⁽¹⁾		$	105		$	84		$	210		$	168

(1) Reported in the Consolidated Statements of Operations as part of salaries and employee benefits.

(2) Reported in the Consolidated Statements of Operations as part of other operating expenses.