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Pension and Other Benefits (Tables) | 12 Months Ended
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Dec. 31, 2021
Retirement Benefits [Abstract] |
Schedule of Changes in Projected Benefit Obligations [Table Text Block] | The following table sets forth changes in projected benefit obligation, changes in fair value of plan assets, funded status, and amounts recognized in the consolidated statements of condition for the Company’s pension plans as of December 31, 2021 and 2020.
|  | 2021 |  |  | 2020 |
|  | (dollars in thousands) |
Change in Benefit Obligation: |  |  |  |  |  |  |  |
Projected benefit obligation as of January 1, |  | $ | 13,476 |  |  | $ | 12,533 |
Interest cost |  |  | 284 |  |  |  | 364 |
Actuarial loss |  |  | 1,584 |  |  |  | 1,300 |
Benefits paid |  |  | (700 | ) |  |  | (721 | )
Projected benefit obligation as of December 31, |  | $ | 14,644 |  |  | $ | 13,476 |
Change in Plan Assets: |  |  |  |  |  |  |  |
Fair value of plan assets as of January 1, |  | $ | 15,868 |  |  | $ | 14,616 |
Actual return on plan assets |  |  | 2,436 |  |  |  | 1,973 |
Employer contributions |  |  | - |  |  |  | - |
Benefits paid |  |  | (700 | ) |  |  | (721 | )
Fair value of plan assets as of December 31, |  | $ | 17,604 |  |  | $ | 15,868 |
Funded status |  | $ | 2,960 |  |  | $ | 2,392 |
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] | Amounts recognized as a component of accumulated other comprehensive loss as of year-end that have not been recognized as a component of the net periodic pension expense for the plan are presented in the following table. The Company expects to recognize approximately $0.1 of the net actuarial loss reported in the following table as of December 31, 2021 as a component of net periodic pension expense during 2022.
|  | 2021 |  |  | 2020 |
|  | (dollars in thousands) |
Net actuarial loss recognized in accumulated other comprehensive income |  | $ | 4,627 |  |  | $ | 4,926 |
Schedule of Net Benefit Costs [Table Text Block] | The net periodic pension expense and other comprehensive income (before tax) for 2021, 2020 and 2019 includes the following:
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (dollars in thousands) |
Interest cost |  | $ | 284 |  |  | $ | 364 |  |  | $ | 453 |
Expected return on plan assets |  |  | (852 | ) |  |  | (784 | ) |  |  | (697 | )
Net amortization |  |  | 299 |  |  |  | 301 |  |  |  | 358 |
Total net periodic pension expense |  | $ | (269 | ) |  | $ | (119 | ) |  | $ | 114 |
Total gain recognized in other comprehensive income |  |  | (299 | ) |  |  | (190 | ) |  |  | (150 | )
Total recognized in net periodic expense and other comprehensive income (before tax) |  | $ | (568 | ) |  | $ | (309 | ) |  | $ | (36 | )
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | Note 16 – Pension and Other Benefits – (continued) The following table presents the weighted average assumptions used to determine the pension benefit obligations as of December 31, for the following periods.
|  | 2021 |  |  | 2020 |
Discount rate |  |  | 2.57 | % |  |  | 2.17 | %
Rate of compensation increase |  |  | N/A |  |  |  | N/A |
The following table presents the weighted average assumptions used to determine net periodic pension cost for the following three years:
|  | 2022 |  |  | 2021 |  |  | 2020 |
Discount rate |  |  | 2.57 | % |  |  | 2.17 | % |  |  | 2.99 | %
Expected long-term return on plan assets |  |  | 5.50 | % |  |  | 5.50 | % |  |  | 5.50 | %
Rate of compensation increase |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Schedule of Allocation of Plan Assets [Table Text Block] | The general investment policy of the Pension Trust is for the fund to experience growth in assets that will allow the market value to exceed the value of benefit obligations over time. The Company’s pension plan asset allocation as of December 31, 2021 and 2020, target allocation, and expected long-term rate of return by asset are as follows:
|  | Target Allocation |  |  | % of Plan Assets – Year Ended 2021 |  |  | % of Plan Assets – Year Ended 2020 |  |  | Weighted Average Expected Long-Term Rate of Return |
Equity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  |  | 45% |  |  |  | 59% |  |  |  | 55% |  |  |  | 3.2% |
International |  |  | 15% |  |  |  | 5% |  |  |  | 6% |  |  |  | 1.3% |
Debt and/or fixed income securities |  |  | 38% |  |  |  | 34% |  |  |  | 35% |  |  |  | 0.9% |
Cash and other alternative investments, including real estate funds, commodity funds, hedge funds and equity structured notes |  |  | 2% |  |  |  | 2% |  |  |  | 4% |  |  |  | 0.1% |
Total |  |  | 100% |  |  | $ | 100% |  |  | $ | 100% |  |  | $ | 5.5% |
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] | The fair values of the Company’s pension plan assets as of December 31, 2021 and 2020, by asset class, are as follows:
|  | December 31, 2021 |  |  | Fair Value Measurements at Reporting Date Using |
Asset Class |  |  |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (dollars in thousands) |
Cash |  | $ | 178 |  |  | $ | 178 |  |  | $ | - |  |  | $ | - |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. companies |  |  | 10,551 |  |  |  | 10,551 |  |  |  | - |  |  |  | - |
International companies |  |  | 897 |  |  |  | 897 |  |  |  | - |  |  |  | - |
Debt and/or fixed income securities |  |  | 5,804 |  |  |  | 5,804 |  |  |  | - |  |  |  | - |
Commodity funds |  |  | 111 |  |  |  | 111 |  |  |  | - |  |  |  | - |
Real estate funds |  |  | 63 |  |  |  | 63 |  |  |  | - |  |  |  | - |
Total |  | $ | 17,604 |  |  | $ | 17,604 |  |  | $ | - |  |  | $ | - |
|  | December 31, 2020 |  |  | Fair Value Measurements at Reporting Date Using |
Asset Class |  |  |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (dollars in thousands) |
Cash |  | $ | 406 |  |  | $ | 406 |  |  | $ | - |  |  | $ | - |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. companies |  |  | 8,737 |  |  |  | 8,737 |  |  |  | - |  |  |  | - |
International companies |  |  | 1,031 |  |  |  | 1,031 |  |  |  | - |  |  |  | - |
Debt and/or fixed income securities |  |  | 5,522 |  |  |  | 5,522 |  |  |  | - |  |  |  | - |
Commodity funds |  |  | 115 |  |  |  | 115 |  |  |  | - |  |  |  | - |
Real estate funds |  |  | 57 |  |  |  | 57 |  |  |  | - |  |  |  | - |
Total |  | $ | 15,868 |  |  | $ | 15,868 |  |  | $ | - |  |  | $ | - |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | The following benefit payments, which reflect expected future service, as appropriate, for the following years are as follows (dollars in thousands):
2022 |  | $ | 726 |
2023 |  |  | 708 |
2024 |  |  | 697 |
2025 |  |  | 697 |
2026 |  |  | 702 |
2027-2031 |  |  | 3,682 |
401(k) Plan

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