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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Retirement Benefits [Abstract] |
Schedule of Reconciliation of Benefit Obligation | The following table reconciles the beginning and ending balances of the SERP’s benefit obligation, as computed by the Company’s independent actuarial consultants:
($ in thousands) |  | 2024 |  | 2023 |  | 2022
Change in benefit obligation |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 3,352 |  |  | $ | 3,521 |  |  | $ | 4,660 |
Service cost |  | — |  |  | — |  |  | — |
Interest cost |  | 151 |  |  | 158 |  |  | 112 |
Actuarial gain |  | (111) |  |  | (86) |  |  | (1,006) |
Benefits paid |  | (241) |  |  | (241) |  |  | (245) |
Accumulated benefit obligation at end of year |  | 3,151 |  |  | 3,352 |  |  | 3,521 |
Plan assets |  | — |  |  | — |  |  | — |
Funded status at end of year |  | $ | (3,151) |  |  | $ | (3,352) |  |  | $ | (3,521) |
Schedule of Amounts Recognized in Other Comprehensive Income | The following table presents information regarding the amounts recognized in AOCI at December 31, 2024 and 2023, as it relates to the SERP:
($ in thousands) |  | 2024 |  | 2023
Net (loss) gain |  | $ | 111 |  |  | $ | (100) |
Prior service cost |  | — |  |  | — |
Amount recognized in AOCI before tax effect |  | 111 |  |  | (100) |
Tax (expense) benefit |  | (26) |  |  | 23 |
Net amount recognized as increase (decrease) to AOCI |  | $ | 85 |  |  | $ | (77) |
Schedule of Reconciliation of Balances in AOCI | The following table reconciles the beginning and ending balances of AOCI at December 31, 2024 and 2023, as it relates to the SERP:
($ in thousands) |  | 2024 |  | 2023
Accumulated other comprehensive (loss) income at beginning of fiscal year |  | $ | (77) |  |  | $ | 1,195 |
Net gain arising during period |  | 111 |  |  | 86 |
Prior service cost |  | — |  |  | — |
Amortization of unrecognized actuarial gain (loss) |  | 100 |  |  | (1,737) |
Amortization of prior service cost and transition obligation |  | — |  |  | — |
Tax (expense) benefit related to changes during the year, net |  | (49) |  |  | 379 |
Accumulated other comprehensive income (loss) at end of fiscal year |  | $ | 85 |  |  | $ | (77) |
Schedule of Reconciliation of Prepaid Pension Costs | The following table reconciles the beginning and ending balances of the prepaid pension cost related to the SERP:
($ in thousands) |  | 2024 |  | 2023
Accrued liability as of beginning of fiscal year |  | $ | (3,251) |  |  | $ | (5,071) |
Net periodic pension (cost) income for fiscal year |  | (251) |  |  | 1,579 |
Benefits paid |  | 241 |  |  | 241 |
Accrued liability as of end of fiscal year |  | $ | (3,261) |  |  | $ | (3,251) |
Schedule of Net Pension Costs | Net pension cost for the SERP included the following components for the years ended December 31, 2024, 2023, and 2022:
($ in thousands) |  | 2024 |  | 2023 |  | 2022
Service cost – benefits earned during the period |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost on projected benefit obligation |  | 151 |  |  | 158 |  |  | 112 |
Amortization of net actuarial gain (loss) |  | 100 |  |  | (1,737) |  |  | (544) |
Net periodic pension cost (income) |  | $ | 251 |  |  | $ | (1,579) |  |  | $ | (432) |
Schedule of Expected Benefit Payments | The following table is an estimate of the benefits that will be paid in accordance with the SERP for each of the five calendar years ending December 31, 2027 and thereafter:
($ in thousands) |  | Estimated benefit payments
2025 |  | $ | 282 |
2026 |  | 283 |
2027 |  | 301 |
2028 |  | 292 |
2029 |  | 284 |
2030-2034 |  | 1,296 |
Schedule of Assumptions Used in Determining Actuarial Information | The following assumptions were used in determining the actuarial information for the SERP for the years ended December 31, 2024, 2023, and 2022:
|  | 2024 |  | 2023 |  | 2022
Discount rate used to determine net periodic pension cost |  | 4.68 | % |  | 4.90 | % |  | 2.48 | %
Discount rate used to calculate end of year liability disclosures |  | 5.31 | % |  | 4.68 | % |  | 4.90 | %

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