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Postretirement Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] |
Schedule of Net Funded Status | The following tables present a reconciliation of the changes in the plan’s health and life insurance benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the funded status as of December 31, 2025 and 2024.
(In thousands) | December 31,
Change in benefit obligations: | 2025 |  | 2024
Benefit obligations, January 1 | $ | 226 |  |  | $ | 271 |
Service cost | 1 |  |  | 1 |
Interest cost | 11 |  |  | 11 |
Change in experience | 1 |  |  | (28) |
Change in assumptions | 5 |  |  | (7) |
Benefit payments | (20) |  |  | (22) |
Benefit obligations, December 31 | $ | 224 |  |  | $ | 226 |
Change in fair value of plan assets: |  |  |
Fair value of plan assets, January 1 | $ | — |  |  | $ | — |
Employer contributions | 20 |  |  | 22 |
Benefit payments | (20) |  |  | (22) |
Fair value of plan assets, December 31 | — |  |  | — |
Funded status at year end | $ | (224) |  |  | $ | (226) |
The following tables provide a reconciliation of the changes in the Director's Plan benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024. This Plan was unfunded.
(In thousands) | December 31,
Change in benefit obligations: | 2025 |  | 2024
Benefit obligations, January 1 | $ | — |  |  | $ | 1,306 |
Service cost | — |  |  | — |
Interest cost | — |  |  | — |
Actuarial loss | — |  |  | — |
Change in assumptions | — |  |  | — |
Benefit payments | — |  |  | (1,306) |
Benefit obligations, December 31 | $ | — |  |  | $ | — |
Change in fair value of plan assets: |  |  |
Fair value of plan assets, January 1 | $ | — |  |  | $ | — |
Employer contributions | — |  |  | 1,306 |
Benefit payments | — |  |  | (1,306) |
Fair value of plan assets, | — |  |  | — |
Funded status at year end | $ | — |  |  | $ | — |
The following tables provide a reconciliation of the changes in the Scottdale Plan’s benefit obligations and fair value of plan assets for the year ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024:
(In thousands) | December 31,
Change in benefit obligations: | 2025 |  | 2024
Benefit obligations, January 1 | $ | 2,547 |  |  | $ | 2,659 |
Service cost | 15 |  |  | 25 |
Interest cost | 136 |  |  | 130 |
Settlement loss | 4 |  |  | — |
Actuarial gain | (35) |  |  | (97) |
Settlement payments | (493) |  |  | — |
Benefit payments | (87) |  |  | (170) |
Benefit obligations, December 31 | $ | 2,087 |  |  | $ | 2,547 |
Change in fair value of plan assets: |  |  |
Fair value of plan assets, January 1 | $ | 3,597 |  |  | $ | 3,468 |
Return on plan assets | 415 |  |  | 328 |
Employer contributions | — |  |  | — |
Benefit payments | (87) |  |  | (170) |
Administrative expenses | (29) |  |  | (29) |
Settlement payments | (493) |  |  | — |
Fair value of plan assets, December 31 | 3,403 |  |  | 3,597 |
Funded status at year end | $ | 1,316 |  |  | $ | 1,050 |
The following tables provide a reconciliation of the changes in the Riverview Plans' benefit obligations and fair value of plan assets for year ended December 31, 2025, and a statement of the status as of December 31:
(In thousands) |  |  |
Change in benefit obligations: | 2025 |  | 2024
Benefit obligations, January 1 | $ | 5,740 |  |  | $ | 6,442 |
Interest cost | 302 |  |  | 299 |
Actuarial loss | (8) |  |  | (483) |
Benefit payments | (508) |  |  | (518) |
Benefit obligations, December 31 | $ | 5,526 |  |  | $ | 5,740 |
Change in fair value of plan assets: |  |  |
Fair value of plan assets, January 1, | $ | 6,711 |  |  | $ | 6,895 |
Return on plan assets | 697 |  |  | 329 |
Contributions | — |  |  | 3 |
Benefit payments | (505) |  |  | (516) |
Fair value of plan assets, December 31 | 6,903 |  |  | 6,711 |
Funded status at year end | $ | 1,377 |  |  | $ | 971 |
Schedule of Amounts Recognized in Balance Sheet | The amount recognized in other liabilities on the Consolidated Balance Sheets as of December 31, is as follows:
(In thousands) | 2025 |  | 2024
Accrued benefit liability | $ | 224 |  |  | $ | 226 |
Amounts recognized in other liabilities on the Consolidated Balance Sheet as of December 31 are as follows:
(In thousands) | 2025 |  | 2024
Accrued benefit liability | $ | — |  |  | $ | — |
Amounts recognized on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands) | 2025 |  | 2024
Accrued pension benefit asset | $ | 1,316 |  |  | $ | 1,050 |
Amounts recognized in other liabilities on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands) | 2025 |  | 2024
Accrued pension benefit asset | $ | 1,377 |  |  | $ | 971 |
Schedule of Amounts Recognized in Other Comprehensive (Loss) Income | The amounts recognized in accumulated other comprehensive income as of December 31 consist of:
(In thousands) | 2025 |  | 2024
Net gain, pretax | $ | (51) |  |  | $ | (65) |
Net prior service cost, pretax | — |  |  | — |
Amounts recognized in accumulated other comprehensive loss (income) as of December 31 consist of:
(In thousands) | 2025 |  | 2024
Net prior service cost, pretax | $ | — |  |  | $ | — |
Net loss, pretax | — |  |  | — |
Amounts recognized in accumulated other comprehensive loss consist of the following as of December 31:
(In thousands) | 2025 |  | 2024
Unrecognized actuarial gain | $ | 813 |  |  | $ | 798 |
As of December 31, 2025 amounts related to the Riverview Plans that have been recognized in accumulated other comprehensive loss but not yet recognized as a component of net periodic pension cost are as follows:
(In thousands) | 2025 |  | 2024
Unrecognized actuarial gain | $ | 153 |  |  | $ | 415 |
Schedule of Net Periodic Benefit Costs | The components of net periodic postretirement benefit cost for 2025, 2024 and 2023 are as follows:
(In thousands) | 2025 |  | 2024 |  | 2023
Service cost | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 11 |  |  | 11 |  |  | 13 |
Amortization of prior service cost | — |  |  | — |  |  | 10 |
Amortization of net gain | (8) |  |  | (7) |  |  | (2) |
Net periodic postretirement benefit cost | $ | 4 |  |  | $ | 5 |  |  | $ | 22 |
The components of net periodic retirement cost for 2025, 2024 and 2023 are as follows:
(In thousands) | 2025 |  | 2024 |  | 2023
Service cost | $ | — |  |  | $ | — |  |  | $ | 56 |
Interest cost | — |  |  | — |  |  | 61 |
Amortization of net loss | — |  |  | — |  |  | 34 |
Net periodic retirement cost | $ | — |  |  | $ | — |  |  | $ | 151 |
The components of net periodic retirement cost for December 31 are as follows:
(In thousands) | 2025 |  | 2024 |  | 2023
Service cost | $ | 15 |  |  | $ | 25 |  |  | $ | 58 |
Interest cost | 136 |  |  | 130 |  |  | 197 |
Expected return on plan assets | (159) |  |  | (153) |  |  | (211) |
Recognized net actuarial gain | (52) |  |  | (25) |  |  | (63) |
Net periodic retirement income | $ | (60) |  |  | $ | (23) |  |  | $ | (19) |
The components of net periodic pension and postretirement benefit cost for the year ended December 31, 2025 and 2024 are as follows:
(In thousands) | 2025 |  | 2024 |  | 2023
Interest cost | $ | 302 |  |  | $ | 299 |  |  | $ | 309 |
Expected return on plan assets | (387) |  |  | (397) |  |  | (387) |
Amortization of net loss | 10 |  |  | 12 |  |  | — |
Net periodic pension benefit | $ | (75) |  |  | $ | (86) |  |  | $ | (78) |
(In thousands) | 2025 |  | 2024 |  | 2023
Service credit | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost | 1 |  |  | 1 |  |  | 1 |
Unrecognized gain | (1) |  |  | (1) |  | (1)
Net periodic postretirement benefit | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Assumptions Used | Weighted-average assumptions used in the measurement of Mid Penn's benefit obligations as of December 31 are as follows:
Weighted-average assumptions: | 2025 |  | 2024
Discount rate | 5.07 | % |  | 5.32 | %
Rate of compensation increase | — |  |  | — |
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions: | 2025 |  | 2024 |  | 2023
Discount rate | 5.32 | % |  | 4.67 | % |  | 4.90 | %
Rate of compensation increase | — |  |  | — |  |  | — |
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations as of December 31 are as follows:
Weighted-average assumptions: | 2025 |  | 2024
Discount rate | — | % |  | — | %
Change in consumer price index | — |  |  | — |
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions: | 2025 |  | 2024 |  | 2023
Discount rate | — | % |  | — | % |  | 4.80 | %
Change in consumer price index | — |  |  | — |  |  | 3.40 |
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31 are as follows:
Weighted-average assumptions: | 2025 |  | 2024 |  | 2023
Discount rate | 5.50 | % |  | 5.50 | % |  | 5.00 | %
Expected long-term return on plan assets | 4.50 |  |  | 4.50 |  |  | 4.50 |
Rate of compensation increases | 2.50 |  |  | 2.50 |  |  | 2.50 |
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31, 2025 and 2024 are as follows:
| Pension Benefits |  | Postretirement Life Insurance Benefits
2025 | Union |  | Citizens |  | CBT
Discount rate | 5.54 | % |  | 5.54 | % |  | 4.99 | %
Expected long-term return on plan assets | 6.00 |  |  | 6.00 |  |  | n/a
2024 |  |  |  |  |
Discount rate | 4.83 | % |  | 4.83 | % |  | 5.32 | %
Expected long-term return on plan assets | 6.00 |  |  | 6.00 |  |  | n/a
Schedule of Health Care Cost Trend Rates | Assumed health care cost trend rates as of December 31 are as follows:
| 2025 |  | 2024 |  | 2023
Health care cost trend rate assumed for next year | 8.00 | % |  | 7.00 | % |  | 7.00 | %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | 5.50 | % |  | 5.50 | % |  | 5.50 | %
Year that the rate reaches the ultimate trend rate | 2029 |  | 2028 |  | 2027
Schedule of Expected Benefit Payments | The following table shows the estimated benefit payments for future periods:
(In thousands) |
2026 | $ | 28 |
2027 | 28 |
2028 | 27 |
2029 | 18 |
2030 | 14 |
2031-2035 | 67 |
The following table shows the estimated benefit payments for future periods:
(In thousands) |
2026 | $ | 108 |
2027 | 124 |
2028 | 155 |
2029 | 154 |
2030 | 178 |
2031-2035 | 840 |
The following table shows the estimated benefit payments for future periods:
(In thousands) | Pension Benefits |  | Postretirement Life Insurance Benefits
2026 | $ | 511 |  |  | $ | 4 |
2027 | 498 |  |  | 3 |
2028 | 499 |  |  | 3 |
2029 | 490 |  |  | 3 |
2030 | 478 |  |  | 3 |
2031-2035 | 2,154 |  |  | 9 |
Schedule of Plan Assets at Fair Value | The following table presents a summary of the Scottdale Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
| Estimated Fair Value |  | Percentage of Total Assets |  | Estimated Fair Value |  | Percentage of Total Assets
(Dollars in thousands) | 2025 |  | 2024
Cash and cash equivalents | $ | 365 |  |  | 10.7 | % |  | $ | 263 |  |  | 7.3 | %
Common stock | 1,894 |  |  | 55.7 |  |  | 2,081 |  |  | 57.9 |
Corporate bonds | 1,144 |  |  | 33.6 |  |  | 1,253 |  |  | 34.8 |
| $ | 3,403 |  |  | 100.0 | % |  | $ | 3,597 |  |  | 100.0 | %
Schedule of Plan's Weighted Average Asset Allocation by Investment Category | The following table presents a summary of the Riverview Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
(Dollars in thousands) | Estimated Fair Value |  | Percentage of Total Assets |  | Estimated Fair Value |  | Percentage of Total Assets
Weighted-average asset allocations: | 2025 |  | 2024
Cash and cash equivalents | $ | 60 |  |  | 0.9 | % |  | $ | 60 |  |  | 0.9 | %
Mutual fund - equity | 2,618 |  |  | 37.9 |  |  | 2,619 |  |  | 39.0 |
Mutual fund / EFTs - fixed income | 3,926 |  |  | 56.9 |  |  | 3,716 |  |  | 55.4 |
Common / collective trusts equity | 299 |  |  | 4.3 |  |  | 316 |  |  | 4.7 |
| $ | 6,903 |  |  | 100 | % |  | $ | 6,711 |  |  | 100 | %

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