XML 59 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Pension Plans

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Change in projected benefit obligation:	​	​	​	​	​	​
Projected benefit obligation at beginning of year	​	$	6,365		$	6,245
Service cost	​		—		​	—
Interest cost	​		310		​	318
Actuarial (loss)/gain	​		(340)		​	119
Benefits paid	​		(338)		​	(317)
Settlements	​		(4)		​	—
Projected benefit obligation at end of year	​		5,993		​	6,365
​	​	​	​	​	​	​
Change in fair value of plan assets:	​				​
Fair value of plan assets at beginning of year	​		9,349		​	9,044
Expected (loss)/return on plan assets	​		(36)		​	622
Benefits paid	​		(338)		​	(317)
Settlements	​		(4)		​	—
Fair value of plan assets at end of year	​		8,971		​	9,349
​	​	​	​	​	​	​
Overfunded status	​	$	(2,978)		$	(2,984)
​	​	​	​	​	​	​
Amounts recognized in consolidated balance sheet:	​				​
Other assets	​	$	2,978		$	2,984

Schedule of Net Benefit Costs

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Interest cost	​	$	310	​	$	318
Expected return on plan assets	​		(367)	​		(355)
Unrecognized loss	​		35	​		53
Net periodic pension (cost)/benefit	​	$	(22)	​	$	16

​

Amounts recognized in other comprehensive income for the years ended December 31, 2024 and 2023 included:

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Net actuarial loss (gain)	​	$	62	​	$	(148)
Recognized loss	​		(35)	​		(53)
Net period pension benefit (credit)/cost	​		(22)	​		16
Total recognized loss/(gain) in other comprehensive income	​	$	5	​	$	(185)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Beginning of the year Accumulated other comprehensive income	​	$	1,309	​	$	1,510
​	​	​	​	​	​	​
Net actuarial loss (gain)	​	​	62	​	​	(148)
Recognized (loss) gain	​		(35)	​		(53)
Prior service cost	​		—	​		—
Amounts Recognized in accumulated other comprehensive loss/(gain) (pre-tax)	​	$	27	​	$	(201)
​	​	​	​	​	​	​
Ending Accumulated other comprehensive income	​	$	1,336	​	$	1,309

Schedule of Assumptions Used

​

​	​	​	​	​	​	​
​		2024		​	2023
Projected benefit obligation				​		​
Discount rate		5.58	%	​	5.00	%
Net periodic pension cost	​	​	​	​	​	​
Discount rate		5.00	%	​	5.23	%
Long-term rate of return on plan assets		4.00		​	4.00	​

Schedule of Allocation of Plan Assets

​

​	​	​	​	​	​	​	​	​	​
​		2024
(in thousands)		Total			Level 1			Level 2
Equity mutual funds:	​	​			​			​
Large-cap	​	$	839	​	$	839	​	$	—
Mid-cap	​		221	​		221	​		—
Small-cap	​		213	​		213	​		—
International	​		396	​		396	​		—
Fixed income funds:	​			​			​
Fixed-income - core plus	​		—	​		—	​		—
Intermediate duration	​		—	​		—	​		—
Long duration	​	​	6,093	​	​	6,093	​	​	—
Common stock	​		691	​		691	​		—
Common/collective trusts - large-cap	​		200	​		—	​		200
Cash equivalents - money market	​		318	​		318	​		—
Total	​	$	8,971	​	$	8,771	​	$	200

​

​	​	​	​	​	​	​	​	​	​
​		2023
(in thousands)		Total			Level 1			Level 2
Equity mutual funds:		​			​			​
Large-cap	​	$	680	​	$	680	​	$	—
Mid-cap	​		195	​		195	​		—
Small-cap	​		199	​		199	​		—
International	​		391	​		391	​		—
Fixed income funds:	​			​			​
Long duration	​	​	6,698	​	​	6,698	​	​	—
Common stock	​		663	​		663	​		—
Common/collective trusts - large-cap	​		180	​		—	​		180
Cash equivalents - money market	​		343	​		343	​		—
Total	​	$	9,349	​	$	9,169	​	$	180

Schedule of Expected Benefit Payments

​

​	​	​	​
(in thousands)		Payments
2025	​	$	345
2026	​		412
2027	​		417
2028	​		433
2029	​		439
2030-2034	​		2,285
Total	​	$	4,331

Non-qualified Supplemental Executive Retirement Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Change in benefit obligation:		​			​
Projected benefit obligation at beginning of year	​	$	1,925	​	$	2,093
Service cost	​		—	​		—
Interest cost	​		87	​		97
Actuarial (gain) loss	​		7	​		(5)
Benefits paid	​		(260)	​		(260)
Projected benefit obligation at end of year	​	$	1,759	​	$	1,925
​	​	​	​	​	​	​
Change in fair value of plan assets:	​			​
Fair value of plan assets at beginning of year	​	$	—	​	$	—
Expected return on plan assets	​		—	​		—
Contributions by employer	​		260	​		260
Benefits paid	​		(260)	​		(260)
Fair value of plan assets at end of year	​	$	—	​	$	—
​	​	​	​	​	​	​
Underfunded status	​	$	1,759	​	$	1,925
​	​	​	​	​	​	​
Amounts recognized in consolidated balance sheet	​			​
Other liabilities	​	$	1,759	​	$	1,925

Schedule of Net Benefit Costs

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Interest cost	​	$	87	​	$	97
Expected return on plan assets	​		—	​		—
Amortization of unrecognized actuarial loss	​		10	​		7
Net periodic benefit cost	​	$	97	​	$	104

​

Amounts recognized in other comprehensive income for the years ended December 31, 2024 and 2023 included:

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Net actuarial loss	​	$	8	​	$	58
Amortization of unrecognized actuarial loss	​		(10)	​		(7)
Total recognized (gain)/loss in other comprehensive Income	​	$	(2)	​	$	51

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

​

​	​	​	​	​	​	​
(in thousands)		2024			2023
Accumulated other comprehensive loss at beginning of the year (pre-tax)	​	$	231	​	$	180
​	​	​	​	​	​	​
Actuarial loss	​		8	​		58
Amortization of actuarial loss	​		(10)	​		(7)
Total recognized (gain)/loss in other comprehensive Income	​	$	(2)	​	$	51
​	​	​	​	​	​	​
Accumulated other comprehensive loss at end of year (pre-tax)	​	$	229	​	$	231

Schedule of Assumptions Used

​

​	​	​	​	​	​
​		2024		2023
Discount rate beginning of year		4.72	%	4.92	%
Discount rate end of year		5.15		4.72	​

Schedule of Expected Benefit Payments

​

​	​	​	​
(in thousands)		Payments
2025	​	$	231
2026	​		221
2027	​		221
2028	​		221
2029	​		221
2030-2034	​		969
Total	​	$	2,084

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (a)(b)(c)
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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 assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (f)
-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_ScheduleOfExpectedBenefitPaymentsTableTextBlock
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

- Details

Name:	us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RetirementPlanTypeAxis=us-gaap_SupplementalEmployeeRetirementPlanDefinedBenefitMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: