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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Employee Benefit Plans [Abstract]  
Schedule Of Projected Benefit Obligation And Changes In Plan Assets For The Defined Benefit Pension Plan (in Thousands)2021 2020 Change in projected benefit obligation: Projected benefit obligation at beginning of year$ (8,065) $ (7,515) Service cost (51) (58) Interest cost (206) (257) Actuarial (gain) loss 177 (767) Benefits paid 523 532 Benefit obligation at end of year$ (7,622) $ (8,065) Change in plan assets: Fair value of plan assets at beginning of year$ 7,744 $ 6,853 Actual return on plan assets 474 1,416 Benefits paid (527) (525) Fair value of assets at end of year 7,691 7,744 Funded status at end of year$ 69 $ (321)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income 2021 2020Transition asset$ — $ —Prior service credit — —Gain 220 241 Total$ 220 $ 241
Components Of Net Pension Cost (Income) 2021 2020Service cost benefits earned during the period$ 51 $ 58Interest cost on projected benefit obligation 206 257Actual return on assets (394) (395)Net amortization and deferral (34) (20) Net periodic pension cost (income) $ (171) $ (100)
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: 2021 2020 Discount rate 2.93% 2.63% The weighted average assumptions used to determine the net periodic pension cost at December 31 are as follows: 2021 2020 Discount rate 2.63% 3.55%Expected long-term return on plan assets 5.25% 6.00%Rate of compensation increase —% —%
Schedule Of Target Asset Allocations 2021 2020 Cash equivalents —% —%Equity securities 35.7% 31.6%Fixed income securities 35.0% 62.6%Other 29.3% 5.8% 100.0% 100.0%