XML 54 R38.htm IDEA: XBRL DOCUMENT v3.20.4
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2020
Employee Benefit Plans [Abstract]  
Schedule Of Projected Benefit Obligation And Changes In Plan Assets For The Defined Benefit Pension Plan

(in Thousands of Dollars)

2020

2019

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

(7,515)

$

(7,186)

Service cost

(58)

(55)

Interest cost

(257)

(312)

Actuarial (gain) loss

(767)

(515)

Benefits paid

532

553

Benefit obligation at end of year

$

(8,065)

$

(7,515)

Change in plan assets:

Fair value of plan assets at beginning of year

$

6,853

$

6,136

Actual return on plan assets

1,415

1,275

Benefits paid

(525)

(558)

Fair value of assets at end of year

7,743

6,853

Funded status at end of year

$

(322)

$

(662)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income

2020

2019

Transition asset

$

$

Prior service credit

Gain

241

375

Total

$

241

$

375

Components Of Net Pension Cost (Income)

2020

2019

Service cost benefits earned during the period

$

58

$

55

Interest cost on projected benefit obligation

257

312

Actual return on assets

(395)

(379)

Net amortization and deferral

(20)

Net periodic pension cost (income)

$

(100)

$

(12)

Schedule of Weighted Average Assumptions Used to Determine the Benefit Obligation and the Net Periodic Cost The weighted average assumptions used to determine the benefit obligation at December 31 are as follows:

2020

2019

Discount rate

2.63

%

3.55

%

The weighted average assumptions used to determine the net periodic pension cost at December 31 are as follows:

2,020

2,019

Discount rate

3.55

%

4.54

%

Expected long-term return on plan assets

6.00

%

6.50

%

Rate of compensation increase

%

%

Schedule Of Target Asset Allocations

2020

2019

Cash equivalents

%

%

Equity securities

31.6

%

31.7

%

Fixed income securities

62.6

%

57.7

%

Other

5.8

%

10.6

%

100.0

%

100.0

%

Schedule of Changes in Level 3 Assets

2020

2019

Balance, January 1

$

$

601

Realized gain

187

Purchase

Sales

(610)

Unrealized gain (loss)

(178)

Balance, December 31

$

$