XML 66 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 17 - Pension and Other Benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Tables |
Schedule of Changes in Projected Benefit Obligations [Table Text Block] |
|  | 2024 |  |  | 2023 |
|  | (dollars in thousands) |
Change in Benefit Obligation: |  |  |  |  |  |  |  |
Projected benefit obligation as of January 1, |  | $ | 9,335 |  |  | $ | 9,317 |
Interest cost |  |  | 424 |  |  |  | 441 |
Actuarial (gain) loss |  |  | (433 | ) |  |  | 251 |
Benefits paid |  |  | (1,121 | ) |  |  | (674 | )
Projected benefit obligation as of December 31, |  | $ | 8,205 |  |  | $ | 9,335 |
Change in Plan Assets: |  |  |  |  |  |  |  |
Fair value of plan assets as of January 1, |  | $ | 14,614 |  |  | $ | 13,257 |
Actual return on plan assets |  |  | 2,211 |  |  |  | 2,031 |
Benefits paid |  |  | (1,121 | ) |  |  | (674 | )
Fair value of plan assets as of December 31, |  | $ | 15,704 |  |  | $ | 14,614 |
Funded status |  | $ | 7,499 |  |  | $ | 5,279 |
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
|  | (dollars in thousands) |
Net actuarial loss recognized in accumulated other comprehensive income (pre-tax) |  | $ | 967 |  |  | $ | 2,981 |
Schedule of Net Benefit Costs [Table Text Block] |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |
Interest cost |  | $ | 424 |  |  | $ | 440 |  |  | $ | 311 |
Expected return on plan assets |  |  | (856 | ) |  |  | (838 | ) |  |  | (949 | )
Net amortization |  |  | 171 |  |  |  | 296 |  |  |  | 66 |
Settlement loss |  |  | 55 |  |  |  | - |  |  |  | - |
Total net periodic pension income |  | $ | (206 | ) |  | $ | (102 | ) |  | $ | (572 | )
Actuarial gain |  |  | (1,788 | ) |  |  | (941 | ) |  |  | (343 | )
Net amortization included in net income |  |  | (171 | ) |  |  | (296 | ) |  |  | (66 | )
Settlement loss included in net income |  |  | (55 | ) |  |  | - |  |  |  | - |
Total changes recognized in other comprehensive income |  |  | (2,014 | ) |  |  | (1,237 | ) |  |  | (409 | )
Total recognized in net periodic pension income and other comprehensive income |  | $ | (2,220 | ) |  | $ | (1,339 | ) |  | $ | (981 | )
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block] |
| 2024 |  | 2023 |
Discount rate |  | 5.38 | % |  | 4.72 | %
Rate of compensation increase |  | N/A |  |  | N/A |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Discount rate |  |  | 5.38 | % |  |  | 4.72 | % |  |  | 4.92 | %
Expected long-term return on plan assets |  |  | 6.00 | % |  |  | 6.00 | % |  |  | 6.50 | %
Rate of compensation increase |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Schedule of Allocation of Plan Assets [Table Text Block] |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Average |
|  |  |  |  |  | % of Plan |  |  | % of Plan |  |  | Expected |
|  |  |  |  |  | Assets – |  |  | Assets – |  |  | Long-Term |
|  | Target |  |  | Year Ended |  |  | Year Ended |  |  | Rate of |
|  | Allocation |  |  | 2024 |  |  | 2023 |  |  | Return |
Equity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  |  | 60 | % |  |  | 70 | % |  |  | 66 | % |  |  | 4.0 | %
International |  |  | 7 |  |  |  | 3 |  |  |  | 4 |  |  |  | 0.6 |
Debt and/or fixed income securities |  |  | 31 |  |  |  | 24 |  |  |  | 28 |  |  |  | 1.3 |
Cash and other alternative investments, including real estate funds, commodity funds, hedge funds and equity structured notes |  |  | 2 |  |  |  | 3 |  |  |  | 2 |  |  |  | 0.1 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 6.0 | %
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] |
|  | December 31, |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2024 |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  |  | Quoted Prices |  |  | Significant |  |  |  |  |
|  |  |  |  |  | in Active |  |  | Other |  |  | Significant |
|  |  |  |  |  | Markets for |  |  | Observable |  |  | Unobservable |
|  |  |  |  |  | Identical Assets |  |  | Inputs |  |  | Inputs |
Asset Class |  |  |  |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
|  | (dollars in thousands) |
Cash |  | $ | 393 |  |  | $ | 393 |  |  | $ | - |  |  | $ | - |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. companies |  |  | 10,952 |  |  |  | 10,952 |  |  |  | - |  |  |  | - |
International companies |  |  | 475 |  |  |  | 475 |  |  |  | - |  |  |  | - |
Debt and/or fixed income securities |  |  | 3,807 |  |  |  | 3,807 |  |  |  | - |  |  |  | - |
Commodity funds |  |  | 52 |  |  |  | 52 |  |  |  | - |  |  |  | - |
Real estate funds |  |  | 25 |  |  |  | 25 |  |  |  | - |  |  |  | - |
Total |  | $ | 15,704 |  |  | $ | 15,704 |  |  | $ | - |  |  | $ | - |
|  | December 31, |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2023 |  |  | Fair Value Measurements at Reporting Date Using |
|  |  |  |  |  | Quoted Prices |  |  | Significant |  |  |  |  |
|  |  |  |  |  | in Active |  |  | Other |  |  | Significant |
|  |  |  |  |  | Markets for |  |  | Observable |  |  | Unobservable |
|  |  |  |  |  | Identical Assets |  |  | Inputs |  |  | Inputs |
Asset Class |  |  |  |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
|  | (dollars in thousands) |
Cash |  | $ | 201 |  |  | $ | 201 |  |  | $ | - |  |  | $ | - |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. companies |  |  | 9,647 |  |  |  | 9,647 |  |  |  | - |  |  |  | - |
International companies |  |  | 654 |  |  |  | 654 |  |  |  | - |  |  |  | - |
Debt and/or fixed income securities |  |  | 4,012 |  |  |  | 4,012 |  |  |  | - |  |  |  | - |
Commodity funds |  |  | 62 |  |  |  | 62 |  |  |  | - |  |  |  | - |
Real estate funds |  |  | 38 |  |  |  | 38 |  |  |  | - |  |  |  | - |
Total |  | $ | 14,614 |  |  | $ | 14,614 |  |  | $ | - |  |  | $ | - |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] |
2025 |  | $ | 732 |
2026 |  |  | 734 |
2027 |  |  | 774 |
2028 |  |  | 773 |
2029 |  |  | 761 |
2030 - 2034 |  |  | 3,544 |

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (b) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-2 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration