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Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Benefit Plans [Abstract] |
Schedule Of Plan's Funded Status And Assumptions Used |
|  | For the Years Ended December 31
(Dollars in thousands) |  | 2023 |  | 2022
Change in projected benefit obligation |  |  |  |  |  |
Benefit obligation at beginning of measurement year |  | $ | 13,865 |  | $ | 19,002
Service cost |  |  | 216 |  |  | 342
Interest cost |  |  | 806 |  |  | 672
Actuarial (gain) loss |  |  | (214) |  |  | (4,201)
Benefits paid |  |  | (1,544) |  |  | (1,950)
Benefit obligation at end of measurement year |  |  | 13,129 |  |  | 13,865
Change in plan assets |  |  |  |  |  |
Fair value of plan assets at beginning of measurement year |  |  | 13,779 |  |  | 18,462
Actual return on plan assets net of expenses |  |  | 1,727 |  |  | (2,733)
Benefits paid |  |  | (1,544) |  |  | (1,950)
Fair value of plan assets at end of measurement year |  |  | 13,962 |  |  | 13,779
Funded status of projected benefit obligation |  | $ | 833 |  | $ | (86)
|  | For the Years Ended December 31
|  | 2023 |  | 2022
Assumptions used to determine benefit obligations: |  |  |  |  |  |
Discount rate |  |  | 5.96% |  |  | 6.17%
Rate of compensation increase |  |  | 6.00% |  |  | 6.00%
Expected long-term return on plan assets |  |  | 6.00% |  |  | 6.00%
Schedule Of Amounts Recognized In Other Comprehensive Income (Loss) |
(Dollars in thousands) |  |  |  |  |  |
Amounts recognized in accumulated other comprehensive |  | For the Years Ended December 31
income (loss), net of tax |  | 2023 |  | 2022
Net actuarial loss |  | $ | (2,406) |  | $ | (3,423)
Tax effect |  |  | 505 |  |  | 719
Net amount recognized in accumulated other comprehensive loss |  | $ | (1,901) |  | $ | (2,704)
Schedule Of Net Periodic Pension Costs |
(Dollars in thousands) |  | For the Years Ended December 31
Components of net periodic pension cost |  | 2023 |  | 2022
Service cost |  | $ | 216 |  | $ | 342
Interest cost |  |  | 806 |  |  | 672
Expected return on plan assets |  |  | (923) |  |  | (994)
Recognized net actuarial loss |  |  | — |  |  | 598
Net periodic pension cost |  |  | 99 |  |  | 618
Settlement expense |  |  | — |  |  | 290
Total net periodic pension cost |  | $ | 99 |  | $ | 908
|  | For the Years Ended December 31
|  | 2023 |  | 2022
Assumptions used to determine net periodic benefit cost: |  |  |  |  |  |
Discount rate |  |  | 6.17% |  |  | 3.71%
Rate of compensation increase |  |  | 6.00% |  |  | 5.00%
Expected long-term return on plan assets |  |  | 6.00% |  |  | 6.00%
Asset allocations: |  |  |  |  |  |
Cash and cash equivalents |  |  | 3% |  |  | 3%
Common stocks |  |  | 36% |  |  | 33%
Corporate bonds |  |  | 14% |  |  | 14%
Municipal bonds |  |  | 28% |  |  | 28%
Investment fund - debt |  |  | 2% |  |  | 6%
Investment fund - equity |  |  | 13% |  |  | 14%
Deposit in immediate participation guarantee contract |  |  | 4% |  |  | 2%
Total |  |  | 100% |  |  | 100%
Schedule Of Amounts Recognized In Balance Sheet |
(Dollars in Thousands) |  | December 31, 2023
Asset Description |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Cash and cash equivalents |  | $ | 457 |  | $ | 457 |  | $ | — |  | $ | —
Equity securities |  |  | 4,978 |  |  | 4,978 |  |  | — |  |  | —
Corporate bonds |  |  | 1,961 |  |  | — |  |  | 1,961 |  |  | —
Municipal bonds |  |  | 3,911 |  |  | — |  |  | 3,911 |  |  | —
Investment fund - debt |  |  | 274 |  |  | 274 |  |  | — |  |  | —
Investment fund - equity |  |  | 1,831 |  |  | 1,831 |  |  | — |  |  | —
Deposit in immediate participation guarantee contract |  |  | 537 |  |  | 537 |  |  | — |  |  | —
Cash surrender value of life insurance |  |  | 13 |  |  | — |  |  | — |  |  | 13
Total assets |  | $ | 13,962 |  | $ | 8,077 |  | $ | 5,872 |  | $ | 13
(Dollars in Thousands) |  | December 31, 2022
Asset Description |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Cash and cash equivalents |  | $ | 464 |  | $ | 464 |  | $ | — |  | $ | —
Equity securities |  |  | 4,502 |  |  | 4,502 |  |  | — |  |  | —
Corporate bonds |  |  | 1,915 |  |  | — |  |  | 1,915 |  |  | —
Municipal bonds |  |  | 3,794 |  |  | — |  |  | 3,794 |  |  | —
Investment fund - debt |  |  | 766 |  |  | 766 |  |  | — |  |  | —
Investment fund - equity |  |  | 1,935 |  |  | 1,935 |  |  | — |  |  | —
Deposit in immediate participation guarantee contract |  |  | 375 |  |  | 375 |  |  | — |  |  | —
Cash surrender value of life insurance |  |  | 28 |  |  | — |  |  | — |  |  | 28
Total assets |  | $ | 13,779 |  | $ | 8,042 |  | $ | 5,709 |  | $ | 28
Schedule Of Changes In Fair Value Of Plan Assets |
| Cash Value of Life Insurance
| December 31
(Dollars in thousands) | 2023 |  | 2022
Balance at the beginning of the period | $ | 28 |  | $ | 28
Unrealized gain (loss) relating to investments held at the reporting date |  | — |  |  | —
Purchases, sales, issuances and settlement, net |  | (15) |  |  | —
Balance at the end of the period | $ | 13 |  | $ | 28
Schedule Of Expected Benefit Payments |
2024 |  | $ | 931
2025 |  |  | 1,219
2026 |  |  | 1,562
2027 |  |  | 1,612
2028 |  |  | 1,125
2029-2033 |  |  | 4,823

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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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