XML 101 R42.htm IDEA: XBRL DOCUMENT v3.20.4

EMPLOYEE AND POSTRETIREMENT BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of funded status of the defined benefit plans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pension

Postretirement

(In Thousands)

2020

2019

2020

2019

CHANGE IN BENEFIT OBLIGATION:

​

​

​

​

​

​

​

​

​

​

​

Benefit obligation at beginning of year

​

$

976

​

$

870

​

$

1,326

​

$

1,349

Service cost

​

0

​

0

​

46

​

33

Interest cost

​

23

​

28

​

39

​

50

Plan participants' contributions

​

0

​

0

​

185

​

184

Actuarial loss (gain)

​

108

​

91

​

11

​

(63)

Benefits paid

​

(6)

​

(13)

​

(260)

​

(227)

Benefit obligation at end of year

​

$

1,101

​

$

976

​

$

1,347

​

$

1,326

​

​

​

​

​

​

​

​

​

​

​

​

​

CHANGE IN PLAN ASSETS:

​

​

​

​

​

​

​

​

​

​

​

​

Fair value of plan assets at beginning of year

​

$

971

​

$

847

​

$

0

​

$

0

Actual return on plan assets

​

97

​

137

​

0

​

0

Employer contribution

​

0

​

0

​

75

​

43

Plan participants' contributions

​

0

​

0

​

185

​

184

Benefits paid

​

(6)

​

(13)

​

(260)

​

(227)

Fair value of plan assets at end of year

​

$

1,062

​

$

971

​

$

0

​

$

0

​

​

​

​

​

​

​

​

​

​

​

​

​

Funded status at end of year

​

$

(39)

​

$

(5)

​

$

(1,347)

​

$

(1,326)

Schedule of pension plan and postretirement plan liability amounts were recognized in the consolidated balance sheets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pension

​

Postretirement

(In Thousands)

2020

2019

2020

2019

Accrued interest and other liabilities

​

$

39

​

$

5

​

$

1,347

​

$

1,326

Summary of items not yet recognized as a component of net periodic benefit cost

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Pension					​	Postretirement
(In Thousands)		2020			2019			2020			2019
Prior service cost	​	$	0	​	$	0	​	$	(217)	​	$	(248)
Net actuarial loss (gain)		​	277		​	255		​	(211)		​	(236)
Total	​	$	277	​	$	255	​	$	(428)	​	$	(484)

Summary of components of net periodic benefit costs from defined benefit plans

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Pension					​	Postretirement
(In Thousands)		2020			2019			2020			2019
Service cost	​	$	0	​	$	0	​	$	46	​	$	33
Interest cost		​	23		​	28		​	39		​	50
Expected return on plan assets		​	(27)		​	(22)		​	0		​	0
Amortization of prior service cost		​	0		​	0		​	(31)		​	(31)
Recognized net actuarial loss (gain)		​	16		​	20		​	(14)		​	(21)
Total net periodic benefit cost	​	$	12	​	$	26	​	$	40	​	$	31

Schedule of weighted-average assumptions used to determine net periodic benefit cost

​

​	​	​	​	​	​	​	​	​	​
​		Pension			​	Postretirement
​		2020		2019		2020		2019
Citizens Trust Company Retirement Plan and postretirement plan:	​		​		​		​
Discount rate		3.10	%	4.10	%	3.25	%	4.50	%
Expected return on plan assets		4.99	%	4.68	%	N/A		N/A	​
Rate of compensation increase		N/A		N/A		N/A		N/A	​

​

​	​	​	​	​	​	​	​	​	​
​		Pension				Postretirement			​
​		2020		2019		2020		2019	​
Discount rate		2.30	%	3.10	%	2.50	%	3.25	%
Rate of compensation increase		N/A		N/A		N/A		N/A	​

Schedule of Estimated future benefit payments

​

​	​	​	​	​	​	​
(In Thousands)		Pension			Postretirement
2021	​	$	499	​	$	79
2022	​		8	​		85
2023	​		192	​		77
2024	​		8	​		83
2025	​		8	​		83
2026-2030	​		367	​		407

Schedule of fair values of pension plan assets

​

​	​	​	​	​	​
​		2020		2019
Mutual funds invested principally in:	​	​	​	​
Cash and cash equivalents		2	%	3	%
Debt securities		36	%	38	%
Equity securities		51	%	49	%
Alternative funds		11	%	10	%
Total		100	%	100	%

Schedule of stock-based compensation expense

​

​	​	​	​	​	​	​
(In Thousands)		2020			2019
Restricted stock	​	$	1,050	​	$	798
Stock options		​	0		​	0
Total	​	$	1,050	​	$	798

Summary of non-vested restricted stock activity

​

​	​	​	​	​	​
​				Weighted
​	​	​	​	Average
​	​	Number	​	Grant Date
​		of Shares		Fair Value
Outstanding, December 31, 2019		68,200	​	$	24.53
Granted		70,940	​	$	23.18
Vested		(31,908)	​	$	24.97
Forfeited		(5,290)	​	$	25.09
Outstanding, December 31, 2020		101,942	​	$	23.42

Summary of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​
​		2020					2019
​	​	​	​	Weighted		​	​	​	Weighted
​	​	​	​	Average		​	​	​	Average
​	​	​	​	Exercise		​	​	​	Exercise
​		Shares		Price			Shares		Price
Outstanding, beginning of year		75,897	​	$	18.69		115,714	​	$	18.49
Granted		0	​		​		0	​
Exercised		(17,222)	​	$	18.25		(31,304)	​	$	17.65
Forfeited		(1,564)	​	$	15.06		0	​
Expired		0	​	​	​		(8,513)	​	$	19.88
Outstanding, end of year		57,111	​	$	18.92		75,897	​	$	18.69
Options exercisable at year-end		57,111	​	$	18.92		75,897	​	$	18.69
Weighted-average fair value of options forfeited		​	​	$	4.26			​		N/A

Restricted Stock

Notes Tables

Summary of awarded shares of restricted stock under the Stock Incentive Plan,

​

​	​	​	​	​
​		2020		2019
Time-based awards to independent directors	​	7,580	​	7,620
Time-based awards to employees		45,457		26,827
Performance-based awards to employees		17,903		13,690
Total		70,940		48,137

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

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

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: