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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Pension Plan and Post-Retirement Healthcare and Life Insurance Plans
The following table sets forth information regarding the pension plan and post-retirement healthcare and life insurance plans (in thousands):
 PensionPost-retirement
 202520242023202520242023
Change in benefit obligation:
Benefit obligation at beginning of year$22,598 24,423 24,550 11,093 11,344 12,095 
Service cost— — — 11 13 
Interest cost1,195 1,154 1,208 591 540 600 
Actuarial (gain) loss 1,155 (1,340)313 2,215 (121)(706)
Benefits paid(1,688)(1,639)(1,648)(600)(681)(658)
Change in actuarial assumptions— — — — — — 
Benefit obligation at end of year$23,260 22,598 24,423 13,304 11,093 11,344 
Change in plan assets:
Fair value of plan assets at beginning of year$55,870 52,734 47,930 — — — 
Actual (loss) return on plan assets6,821 4,775 6,452 — — — 
Employer contributions— — — 600 681 658 
Benefits paid(1,688)(1,639)(1,648)(600)(681)(658)
Fair value of plan assets at end of year61,003 55,870 52,734 — — — 
Funded status at end of year$37,743 33,272 28,311 (13,304)(11,093)(11,344)
Schedule of Components of Accumulated Other Comprehensive Loss (Income) related to Pension Plan and Other Post-retirement Benefits
The components of accumulated other comprehensive loss (income) related to the pension plan and other post-retirement benefits, on a pre-tax basis, as of December 31, 2025 and 2024 are summarized in the following table (in thousands):
 PensionPost-retirement
 2025202420252024
Unrecognized prior service cost$— — — — 
Unrecognized net actuarial loss (income)207 2,573 (4,329)(8,381)
Total accumulated other comprehensive loss (income)$207 2,573 (4,329)(8,381)
Schedule of Net Periodic (Benefit) Increase Cost
Net periodic (benefit) increase cost for the years ending December 31, 2025, 2024 and 2023, included the following components (in thousands):
 PensionPost-retirement
 202520242023202520242023
Service cost$— — — 11 13 
Interest cost1,195 1,154 1,208 591 540 600 
Return on plan assets(3,300)(3,112)(2,824)— — — 
Amortization of:
Net loss (gain) — 57 709 (1,836)(2,118)(2,130)
Unrecognized prior service cost— — — — — — 
Net periodic (benefit) increase cost$(2,105)(1,901)(907)(1,240)(1,567)(1,517)
Schedule of Weighted Average Actuarial Assumptions Used
The weighted average actuarial assumptions used in the plan determinations as of December 31, 2025, 2024 and 2023 were as follows:
 PensionPost-retirement
 202520242023202520242023
Discount rate5.35 %5.50 %4.90 %5.35 %5.50 %4.90 %
Rate of compensation increase— — — — — — 
Expected return on plan assets6.00 6.00 6.00 — — — 
Medical and life insurance benefits cost rate of increase— — — 6.00 5.00 5.50 
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rate A 1% change in the assumed health care cost trend rate would have had the following effects on post-retirement benefits as of December 31, 2025 (in thousands):
1% increase1% decrease
Effect on total service cost and interest cost$61 52 
Effect on post-retirement benefits obligation$1,698 1,451 
Schedule of Estimated Future Benefit Payments
Estimated future benefit payments, which reflect expected future service, as appropriate for the next five years, are as follows (in thousands):
PensionPost-retirement
2026$1,840 894 
20271,825 899 
20281,832 933 
20291,839 923 
20301,844 937 
Schedule of Weighted-Average Asset Allocation of Pension Plan Assets
The weighted-average asset allocation of pension plan assets as of December 31, 2025 and 2024 were as follows:
Asset Category20252024
Domestic equities38 %37 %
Foreign equities11 11 
Fixed income49 50 
Real estate
Total100 %100 %
Schedule of Target Allocation of Assets and Acceptable Ranges The target allocation of assets and acceptable ranges around the targets are as follows:
Asset CategoryTargetAllowable Range
Domestic equities37 %
30-41%
Foreign equities11 
5-13%
Fixed income50 
40-65%
Real estate
0-4%
Total100 %
Schedule of Assets Measured at Fair Value on Recurring Basis
The following tables present the assets that are measured at fair value on a recurring basis by level within the GAAP fair value hierarchy as reported on the statements of net assets available for Plan benefits as of December 31, 2025 and 2024, respectively (in thousands):
Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
 Fair value measurements as of December 31, 2025
Total(Level 1)(Level 2)(Level 3)
Group annuity contracts$76 — 76 — 
Mutual funds:
Fixed income29,737 29,737 — — 
International equity6,711 6,711 — — 
Large U.S. equity1,838 1,838 — — 
Small/Mid U.S. equity1,248 1,248 — — 
Total mutual funds39,534 39,534 — — 
Pooled separate accounts21,393 — 21,393 — 
Total Plan assets$61,003 39,534 21,469 — 
 Fair value measurements as of December 31, 2024
Total(Level 1)(Level 2)(Level 3)
Group annuity contracts$73 — 73 — 
Mutual funds:
Fixed income27,740 27,740 — — 
International equity6,042 6,042 — — 
Large U.S. equity1,654 1,654 — — 
Small/Mid U.S. equity1,127 1,127 — — 
Total mutual funds36,563 36,563 — — 
Pooled separate accounts19,234 — 19,234 — 
Total Plan assets$55,870 36,563 19,307 — 
Schedule of Status of Unvested Stock Awards
A summary status of the granted but unvested stock award as of December 31, 2025 and changes during the year, is presented below:
 Restricted Stock Awards
 202520242023
Outstanding at beginning of year452,311 265,000 244,438 
Granted10,209 371,219 179,398 
Exercised(288,675)(153,931)(142,793)
Forfeited(7,993)(29,977)(16,043)
Outstanding at the end of year165,852 452,311 265,000 
Schedule of Performance-Based Restricted Stock Activity
A summary status of the performance-based restricted award as of December 31, 2025 and changes during the year, is presented below:
 Performance-Based Restricted Stock
 202520242023
Outstanding at beginning of year1,010,527 788,092 778,692 
Granted479,127 530,141 247,655 
Exercised(215,958)(274,376)(185,968)
Forfeited(99,441)(33,330)(52,287)
Outstanding at the end of year (1)
1,174,255 1,010,527 788,092 
(1) If the performance-based stock was to achieve the max target performance of 150%, the total number of shares would increase by 63,332 for 2025.
Schedule of Unvested Restricted Stock Units Roll Forward
A summary status of the granted but unvested stock units as of December 31, 2025 and changes during the year, is presented below:
 Restricted Stock Units
 202520242023
Outstanding at beginning of year295,810 — — 
Granted238,302 302,805 — 
Exercised(69,839)(3,414)— 
Forfeited(35,844)(3,581)— 
Outstanding at the end of year428,429 295,810 — 
Schedule of Status of Unexercised Stock Options
A summary of the status of the granted but unexercised stock options as of December 31, 2025, 2024 and 2023, and changes during the year is presented below:
 202520242023
 
Number
of
stock
options
Weighted
average
exercise
price
Number
of
stock
options
Weighted
average
exercise
price
Number
of
stock
options
Weighted
average
exercise
price
Outstanding at beginning of year468,163 $19.89 548,925 $19.37 600,806 $19.01 
Granted— — — — — — 
Exercised(65,972)18.34 — — (51,881)15.23 
Forfeited— — — — — — 
Expired— — (80,762)16.38 — — 
Outstanding at the end of year402,191 $20.14 468,163 $19.89 548,925 $19.37 
Schedule of Stock Options Outstanding
The following table summarizes information about stock options outstanding as of December 31, 2025:
 Options OutstandingOptions Exercisable
Range of exercise prices
Number
of
options
outstanding
Average
remaining
contractual
life
Weighted
average
exercise
price
Number
of
options
exercisable
Weighted
average
exercise
price
$18.70-18.70
76,327 1.0$18.70 76,327 $18.70 
$20.62-27.25
325,864 3.8$23.20 325,864 $23.20