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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2024
Employee Benefit Plans [Abstract]  
Schedule of Projected Benefit Obligation and Changes in Plan Assets for the Defined Benefit Pension Plan

b

(in Thousands)

2024

2023

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

(5,692)

$

(5,747)

Service cost

Interest cost

(283)

(299)

Assumption changes

254

Actuarial (gain) loss

(155)

(110)

Benefits paid

441

464

Benefit obligation at end of year

$

(5,435)

$

(5,692)

Change in plan assets:

Fair value of plan assets at beginning of year

$

4,976

$

5,205

Actual return on plan assets

128

315

Expenses

(98)

(79)

Benefits paid

(441)

(465)

Fair value of assets at end of year

4,565

4,976

Funded status at end of year

$

(870)

$

(716)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income

2024

2023

Transition asset

$

$

Prior service credit

(Loss) gain

520

625

Total

$

520

$

625

Components of Net Pension Cost (Income)

2024

2023

Service cost benefits earned during the period

$

$

Interest cost on projected benefit obligation

283

299

Actual return on assets

(229)

(220)

Net amortization and deferral

(5)

(11)

Net periodic pension cost (income)

$

49

$

68

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:

2024

2023

Discount rate

5.68

%

5.18

%

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

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2024

2023

Discount rate

5.18

%

5.44

%

Expected long-term return on plan assets

6.50

%

6.50

%

Rate of compensation increase

%

%