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PENSION PLAN AND OTHER BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Change in Benefit Obligation
The following table presents (1) changes in the plan's projected benefit obligation and plan assets, and (2) the plan's funded status as of December 31, 2024 and 2023 (in thousands):

Change in projected benefit obligation:20242023
Benefit obligation at beginning of year$31,023 $30,506 
Service cost— — 
Interest cost1,531 1,605 
Actuarial (gain) loss(1,133)1,098 
Curtailments— — 
Settlements— — 
Benefits paid(2,252)(2,186)
Benefit obligation at end of year$29,169 $31,023 
The following table presents (1) changes in the plan's accumulated postretirement benefit obligation and (2) the plan's funded status as of December 31, 2024 and 2023 (in thousands):
Changes in accumulated postretirement benefit obligation:20242023
Accumulated postretirement benefit obligation - beginning of year$76 $95 
Service cost— — 
Interest cost5 5 
Participant contributions17 18 
Amendments— — 
Actuarial (gain) loss40 3 
Benefits paid(51)(45)
Accumulated postretirement benefit obligation at end of year$87 $76 
The following table presents Executive Supplemental Pension plan status as of December 31, 2024 and 2023 (in thousands):
Change in projected benefit obligation:20242023
Benefit obligation at beginning of year$924 $948 
Service cost— — 
Interest cost44 48 
Actuarial (gain) loss— 37 
Benefits paid(109)(109)
Projected benefit obligation at end of year$859 $924 
Change in Plan Assets
Change in plan assets:20242023
Fair value of plan assets at beginning of year$46,950 $44,656 
Actual return on plan assets3,409 4,480 
Employer contributions— — 
Settlements— — 
Benefits paid(2,252)(2,186)
Fair value of plan assets at end of year$48,107 $46,950 
Funded status$18,938 $15,927 
Change in plan assets:20242023
Fair value of plan assets at beginning of year$— $— 
Employer contribution34 27 
Plan participants’ contributions17 18 
Benefits paid(51)(45)
Fair value of plan assets at end of year$— $— 
Unfunded status$(87)$(76)
Changes in plan assets:20242023
Fair value of plan assets at beginning of year$— $— 
Employer contributions109 109 
Benefits paid(109)(109)
Fair value of plan assets at end of year$— $— 
Unfunded status$(859)$(924)
Amount Recognized in Accumulated Other Comprehensive Income
Amount recognized in accumulated other comprehensive income (loss) as of December 31, 2024 and 2023 consist of the following (in thousands):
 20242023
Net actuarial loss$1,936 $3,961 
Prior service cost— — 
Total before tax effects$1,936 $3,961 
Amount recognized in accumulated other comprehensive income (loss) as of December 31, 2024 and 2023 consist of the following (in thousands):
 20242023
Net actuarial loss$123 $102 
Prior service credit— — 
Total before tax effects$123 $102 
Amounts recognized in accumulated other comprehensive income (loss) as of December 31, 2024 and 2023 consist of the following (in thousands):
 20242023
Net actuarial loss$192 $202 
Prior service cost— — 
Total before tax effects$192 $202 
Assumptions Used in Determining Benefit Obligation
The principal actuarial assumptions used in determining the projected benefit obligation as of December 31, 2024 and 2023 were as follows:
 20242023
Discount rate5.63 %5.07 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Weighted-average assumption for disclosure as of December 31:20242023
Discount rate5.63 %5.07 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Components of Net Periodic Benefit Cost
Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) in 2024 and 2023 consist of the following (in thousands):

Net periodic benefit cost20242023
Service cost, benefits earned during the year$— $— 
Interest cost on projected benefit obligation1,531 1,605 
Expected return on plan assets(2,517)(2,391)
Amortization of net loss— 36 
Amortization of  prior service cost— — 
Recognized (gain) loss due to settlements— — 
Net periodic cost (benefit)$(986)$(750)
The components of net periodic postretirement benefit cost for the years ended December 31, 2024 and 2023 are as follows (in thousands):
Net periodic cost (benefit)20242023
Service cost$— $— 
Interest cost5 5 
Expected return on plan assets— — 
Amortization of prior service benefit— — 
Recognized actuarial loss19 19 
Recognized prior service benefit due to curtailments— — 
Net periodic postretirement cost (benefit)$24 $24 
The components of net periodic benefit cost for the years ended December 31, 2024 and 2023 are as follows (in thousands):
Net periodic benefit cost20242023
Service cost$— $— 
Interest cost44 48 
Recognized actuarial loss11 7 
Net periodic postretirement benefit cost$55 $55 
Schedule of Other Amounts Recognized in Other Comprehensive Income
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):20242023
Net actuarial (gain) loss$(2,025)$(990)
Recognized loss— (37)
Amortization of prior service cost— — 
Total recognized in other comprehensive income (loss) (before tax effect)$(2,025)$(1,027)
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect)$(3,011)$(1,777)
Other changes in plan assets and benefit obligations
  recognized  in other comprehensive income (loss):		20242023
Net actuarial (gain) loss$40 $3 
Recognized actuarial loss(19)(19)
Prior service credit— — 
Amortization of prior service benefit— — 
Total recognized in other comprehensive income (loss)(before tax effect)$21 $(16)
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)$45 $8 
Other changes in plan assets and benefit obligation recognized in other comprehensive income (loss):20242023
Net actuarial (gain) loss$— $37 
Recognized actuarial loss(11)(7)
Total recognized in other comprehensive income (loss) (before tax effect)$(11)$30 
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)$44 $85 
Assumptions Used in Determining Net Periodic Benefit Cost
The principal actuarial assumptions used in determining the net periodic benefit cost for the years ended December 31, 2024, 2023 were as follows:
 20242023
Discount rate5.07 %5.42 %
Expected return on assets5.50 %5.50 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Weighted-average assumptions for net periodic cost as of December 31:20242023
Discount rate5.07 %5.42 %
Expected asset returnN/AN/A
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Target Assets Allocations
The expected return on plan assets was determined based on a CAPM using historical and expected future returns of the various asset classes, reflecting the target allocations described below.
Asset ClassTarget Allocation 2024Percentage of Plan Assets as of December 31,Expected Long-Term Rate of Return
  20242023 
Large cap domestic equities
0% - 30%
15 %41 %12.1 %
Mid-cap domestic equities
0% - 6%
— %2 %— %
Small-cap domestic equities
0% - 5%
— %1 %— %
International equities
0% - 6%
— %3 %— %
Emerging market equities
0% - 5%
— %— %— %
Intermediate fixed income
60% - 100%
69 %37 %2.7 %
Alternative assets
0% - 15%
— %— %— %
Cash
0% - 25%
16 %16 %1.4 %
Total 100 %100 % 
Fair Value of Plan Assets
The fair value of the plan assets as of December 31, 2024 and 2023, by asset class are as follows (in thousands):
Fair Value Measurement as of December 31, 2024 Using
Plan AssetsCarrying ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Cash$7,577 $7,577 $— $— 
Equity securities:    
U.S. companies— — — — 
Mutual funds38,620 38,620 — — 
Debt securities:    
U.S. Treasuries/Government bonds1,910 1,910 — — 
U.S. Corporate bonds— — — — 
Total plan assets$48,107 $48,107 $— $— 

Fair Value Measurement as of December 31, 2023 Using
Plan AssetsCarrying ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Cash$7,503 $7,503 $— $— 
Equity securities:    
U.S. companies19,374 19,374 — — 
Mutual funds17,905 17,905 — — 
Debt securities:    
U.S. Treasuries/Government bonds1,920 1,920 — — 
U.S. Corporate bonds248 248 — — 
Total plan assets$46,950 $46,950 $— $— 
Estimated Benefit Payments
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the pension plan (in thousands):
Calendar YearFuture Expected Benefit Payments
2025$2,415 
2026$2,418 
2027$2,418 
2028$2,381 
2029$2,355 
2030-2034$11,220 
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten (in thousands):
Calendar YearFuture Estimated Benefit Payments
2025$15 
2026$14 
2027$13 
2028$12 
2029$11 
2030-2034$36 
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the Supplemental Pension Plan (in thousands):
Calendar YearFuture Estimated Benefit Payments
2025$108 
2026$104 
2027$99 
2028$94 
2029$88 
2030-2034$354 
Weighted-Average Assumption for Disclosure of Health Care Cost Trend
Weighted-average assumption for disclosure as of December 31:20242023
Discount rate
5.63%
5.07%
Assumed rate of future compensation increaseN/AN/A
Health care cost trend: Initial (Pre-65/Post 65)
7.50% / 6.50%
8.00% / 7.00%
Health care cost trend: Ultimate (Pre-65/Post 65)
4.75% / 4.75%
4.75% / 4.75%
Year ultimate cost trend reached2033 / 20322033 / 2032
Weighted-Average Assumption for Net Periodic Cost
Weighted-average assumptions for net periodic cost as of December 31:20242023
Discount rate
5.07%
5.42%
Expected return on plan assetsN/AN/A
Assumed rate of future compensation increaseN/AN/A
Health care cost trend: Initial
7.75% / 6.75%
8.00% / 7.00%
Health care cost tread: Ultimate
4.75% / 4.75%
4.75% / 4.75%
Year ultimate reached2033 / 20322033 / 2032