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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2024
EMPLOYEE BENEFIT PLANS [Abstract] |
Schedule Of Changes In Projected Benefit Obligation And Changes In Plan Assets [Table Text Block] | December 31, 2024 December 31, 2023 (In thousands) Changes in projected benefit obligation: Projected benefit obligation at the beginning of year, defined benefit pension plans $ 73,547 $ 73,508 Interest cost 3,603 3,800 Actuarial (gain) loss (1,813) 1,966 Benefits paid (5,778) (5,727) Projected benefit obligation at the end of year, pension plans $ 69,559 $ 73,547 Projected benefit obligation, other postretirement benefit plan 151 244 Projected benefit obligation at the end of year $ 69,710 $ 73,791 Changes in plan assets: Fair value of plan assets at the beginning of year $ 77,365 $ 77,189 Actual return on plan assets - gain 1,221 5,903 Benefits paid (5,778) (5,727) Fair value of pension plan assets at the end of year (1) $ 72,808 $ 77,365 Net asset, pension plans 3,249 3,818 Net benefit obligation, other postretirement benefit plan (151) (244) Net asset $ 3,098 $ 3,574 (1) Other postretirement plan did not contain any assets as of December 31, 2024 and 2023.
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | Year Ended December 31, 2024 2023 2022 (In thousands) Net actuarial (loss) gain, pension plans $ (1,038) $ 395 $ (3,483) Net actuarial gain (loss), other postretirement benefit plan 22 (111) (35) Amortization of net loss 56 17 3 Net amount recognized $ (960) $ 301 $ (3,515)
Schedule of Net Benefit Costs [Table Text Block] | The following table presents the components of net periodic (benefit) cost for the years ended December 31, 2024, 2023, and 2022: Affected Line Item in the Consolidated Year Ended December 31, Statements of Income 2024 2023 2022 (In thousands) Net periodic (benefit) cost, pension plans: Interest cost Other expenses $ 3,603 $ 3,800 $ 2,614 Expected return on plan assets Other expenses (4,072) (3,543) (4,158) Net periodic (benefit) cost, pension plans (469) 257 (1,544) Net periodic cost, postretirement plan Other expenses 66 25 8 Net periodic (benefit) cost $ (403) $ 282 $ (1,536) Year Ended December 31, 2024 2023 2022 Discount rate 5.14% 5.43% 2.77% Expected return on plan assets 5.51% 4.80% 4.43%
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | The following table presents the changes in pre-tax accumulated other comprehensive income of the Pension Plans and Postretirement Benefit Plan for the years ended December 31, 2024, 2023, and 2022: Year Ended December 31, 2024 2023 2022 (In thousands) Accumulated other comprehensive income at beginning of year, pension plans $ 2,369 $ 1,974 $ 5,457 Net (loss) gain (1,038) 395 (3,483) Accumulated other comprehensive income at end of year, pension plans 1,331 2,369 1,974 Accumulated other comprehensive loss at end of year, postretirement plan (77) (155) (61) Accumulated other comprehensive income at end of year $ 1,254 $ 2,214 $ 1,913
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block] | The following table presents information for the plans with a projected benefit obligation and accumulated benefit obligation in excess of plan assets for the years ended December 31, 2024 and 2023: December 31, 2024 December 31, 2023 (In thousands) Projected benefit obligation $ 47,305 $ 49,793 Accumulated benefit obligation 47,305 49,793 Fair value of plan assets 43,651 46,801
Schedule of Allocation of Plan Assets [Table Text Block] | The Pension Plans asset allocations by asset category are as follows as of the indicated dates: December 31, 2024 December 31, 2023 Asset category Investment in funds 96% 97% Other 4% 3% 100% 100%
Schedule of Expected Benefit Payments [Table Text Block] | Amount (In thousands) 2025 $ 6,223 2026 6,203 2027 6,077 2028 5,848 2029 5,796 2030 through 2034 27,141 $ 57,288

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