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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2019
Employee Benefit Plans [Abstract] |
Schedule of Net Funded Status |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Pension |  | Defined Benefit SERP
﻿(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
﻿Change in Benefit Obligation |  |  |  |  |  |  |  |  |  |  |  |
﻿Obligation at the beginning of the year |  | $ | 42,022 |  | $ | 44,975 |  | $ | 7,544 |  | $ | 7,613
﻿Service cost |  |  | 265 |  |  | 324 |  |  | 120 |  |  | 112
﻿Interest cost |  |  | 1,748 |  |  | 1,586 |  |  | 272 |  |  | 321
﻿Change in discount rate and mortality assumptions |  |  | 7,981 |  |  | — |  |  | — |  |  | —
﻿Actuarial losses/(gains) |  |  | 979 |  |  | (3,049) |  |  | 994 |  |  | (276)
﻿Benefits paid |  |  | (2,000) |  |  | (1,814) |  |  | (283) |  |  | (226)
﻿Obligation at the end of the year |  |  | 50,995 |  |  | 42,022 |  |  | 8,647 |  |  | 7,544
﻿Change in Plan Assets |  |  |  |  |  |  |  |  |  |  |  |
﻿Fair value at the beginning of the year |  |  | 43,056 |  |  | 47,216 |  |  | — |  |  | —
﻿Actual return on plan assets |  |  | 7,773 |  |  | (2,346) |  |  | — |  |  | —
﻿Employer contribution |  |  | 2,000 |  |  | — |  |  | 283 |  |  | 226
﻿Benefits paid |  |  | (2,000) |  |  | (1,814) |  |  | (283) |  |  | (226)
﻿Fair value at the end of the year |  |  | 50,829 |  |  | 43,056 |  |  | — |  |  | —
﻿(Unfunded)/Funded Status |  | $ | (166) |  | $ | 1,034 |  | $ | (8,647) |  | $ | (7,544)
﻿
Components of Net Periodic Pension Plan Cost |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Pension |  | Defined Benefit SERP
﻿(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
﻿Components of Net Pension Cost |  |  |  |  |  |  |  |  |  |  |  |
﻿Service cost |  | $ | 265 |  | $ | 324 |  | $ | 120 |  | $ | 112
﻿Interest cost |  |  | 1,748 |  |  | 1,586 |  |  | 272 |  |  | 321
﻿Expected return on assets |  |  | (3,055) |  |  | (3,240) |  |  | — |  |  | —
﻿Amortization of recognized loss |  |  | 1,077 |  |  | 1,200 |  |  | 116 |  |  | 159
﻿Amortization of prior service cost |  |  | — |  |  | 9 |  |  | (3) |  |  | (3)
﻿Net pension (income)/expense in employee benefits |  | $ | 35 |  | $ | (121) |  | $ | 505 |  | $ | 589
﻿Weighted Average Assumptions used to determine benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |
﻿Discount rate for benefit obligations |  |  | 3.25% |  |  | 4.25% |  |  | 3.14% |  |  | 4.45%
﻿Discount rate for net pension cost |  |  | 4.25% |  |  | 3.60% |  |  | — |  |  | —
﻿Expected long-term return on assets |  |  | 7.00% |  |  | 7.00% |  |  | — |  |  | —
﻿Rate of compensation increase |  |  | 3.00% |  |  | 3.00% |  |  | 3.00% |  |  | 3.00%
﻿Mortality tables |  |  | PRI-2012 White Collar |  |  | RP-2014 |  |  | N/A |  |  | N/A
﻿
Schedule of Target Asset Allocations |
﻿ |  |  |  |
﻿ |  |  |  |
﻿Asset Class |  | Normalized Target |  | Range
﻿Cash |  | 5% |  | 0% - 20%
﻿Fixed Income |  | 40% |  | 30% - 50%
﻿Equities |  | 55% |  | 45% - 65%
﻿
Actual Plan Asset Allocations |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2019 |  |  |  |  |  |  | Fair Value Hierarchy
﻿(Dollars in thousands) |  | Assets at Fair Value |  | % of Portfolio |  | Level 1 |  | Level 2
﻿Cash and cash equivalents |  | $ | 247 |  | 0.5% |  | $ | 247 |  | $ | —
﻿Fixed income securities: |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government and Agencies |  |  | 1,904 |  | 3.7% |  |  | — |  |  | 1,904
﻿Taxable municipal bonds and notes |  |  | 4,555 |  | 8.9% |  |  | — |  |  | 4,555
﻿Corporate bonds and notes |  |  | 9,588 |  | 18.9% |  |  | — |  |  | 9,588
﻿Preferred stock |  |  | 657 |  | 1.3% |  |  | — |  |  | 657
﻿Fixed income mutual funds |  |  | 6,441 |  | 12.7% |  |  | 6,441 |  |  | —
﻿Total fixed income |  |  | 23,145 |  | 45.5% |  |  | 6,441 |  |  | 16,704
﻿Equities: |  |  |  |  |  |  |  |  |  |  |
﻿Large Cap |  |  | 21,460 |  | 42.2% |  |  | 21,460 |  |  | —
﻿Mid Cap |  |  | 1,660 |  | 3.3% |  |  | 1,660 |  |  | —
﻿Small Cap |  |  | 1,009 |  | 2.0% |  |  | 1,009 |  |  | —
﻿International |  |  | 3,308 |  | 6.5% |  |  | 3,308 |  |  | —
﻿Total equities |  |  | 27,437 |  | 54.0% |  |  | 27,437 |  |  | —
﻿Total market value |  | $ | 50,829 |  | 100.0% |  | $ | 34,125 |  | $ | 16,704
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2018 |  |  |  |  |  |  | Fair Value Hierarchy
﻿(Dollars in thousands) |  | Assets at Fair Value |  | % of Portfolio |  | Level 1 |  | Level 2
﻿Cash and cash equivalents |  | $ | 1,834 |  | 4.3% |  |  | 1,834 |  | $ | —
﻿Fixed income securities: |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government and Agencies |  |  | 1,394 |  | 3.2% |  |  | — |  |  | 1,394
﻿Taxable municipal bonds and notes |  |  | 4,363 |  | 10.1% |  |  | — |  |  | 4,363
﻿Corporate bonds and notes |  |  | 9,931 |  | 23.1% |  |  | — |  |  | 9,931
﻿Preferred stock |  |  | 476 |  | 1.1% |  |  | — |  |  | 476
﻿Fixed income mutual funds |  |  | 2,498 |  | 5.8% |  |  | 2,498 |  |  | —
﻿Total fixed income |  |  | 18,662 |  | 43.3% |  |  | 2,498 |  |  | 16,164
﻿Equities: |  |  |  |  |  |  |  |  |  |  |
﻿Large Cap |  |  | 17,454 |  | 40.5% |  |  | 17,454 |  |  | —
﻿Mid Cap |  |  | 1,342 |  | 3.1% |  |  | 1,342 |  |  | —
﻿Small Cap |  |  | 884 |  | 2.1% |  |  | 884 |  |  | —
﻿International |  |  | 2,880 |  | 6.7% |  |  | 2,880 |  |  | —
﻿Total equities |  |  | 22,560 |  | 52.4% |  |  | 22,560 |  |  | —
﻿Total market value |  | $ | 43,056 |  | 100.0% |  | $ | 26,892 |  | $ | 16,164
﻿
Expected Future Benefit Payments |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿(In thousands) |  | Pension Plan |  | Defined Benefit SERP
﻿2020 |  | $ | 2,051 |  | $ | 266
﻿2021 |  |  | 2,136 |  |  | 330
﻿2022 |  |  | 2,211 |  |  | 332
﻿2023 |  |  | 2,360 |  |  | 332
﻿2024 |  |  | 2,506 |  |  | 332
﻿2025-2029 |  |  | 13,540 |  |  | 2,472
﻿
Schedule of Amounts in Accumulated Other Comprehensive Income |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | 2019 |  | 2018
﻿(In thousands) |  | Pension |  | Defined Benefit SERP |  | Pension |  | Defined Benefit SERP
﻿Unrecognized net actuarial loss |  | $ | 21,241 |  | $ | 1,186 |  | $ | 18,841 |  | $ | 742
﻿Unrecognized prior service costs |  |  | — |  |  | (3) |  |  | — |  |  | (7)
﻿ |  | $ | 21,241 |  | $ | 1,183 |  | $ | 18,841 |  | $ | 735
﻿
Schedule of Amounts that Will Be Amortized from Other Comprehensive Loss |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿(In thousands) |  | Pension |  | Defined Benefit SERP
﻿Prior service costs |  | $ | — |  | $ | (3)
﻿Net actuarial loss |  |  | 1,434 |  |  | 188
﻿ |  | $ | 1,434 |  | $ | 185
﻿

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