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Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Benefit Plans [Abstract] |
Schedule Of Plan's Funded Status And Assumptions Used |
|  | For the Years Ended December 31
(Dollars in thousands) |  | 2024 |  | 2023
Change in projected benefit obligation |  |  |  |  |  |
Benefit obligation at beginning of measurement year |  | $ | 13,129 |  | $ | 13,865
Service cost |  |  | 219 |  |  | 216
Interest cost |  |  | 769 |  |  | 806
Actuarial (gain) loss |  |  | (14) |  |  | (214)
Benefits paid |  |  | (855) |  |  | (1,544)
Benefit obligation at end of measurement year |  |  | 13,248 |  |  | 13,129
Change in plan assets |  |  |  |  |  |
Fair value of plan assets at beginning of measurement year |  |  | 13,962 |  |  | 13,779
Actual return on plan assets net of expenses |  |  | 1,414 |  |  | 1,727
Benefits paid |  |  | (855) |  |  | (1,544)
Fair value of plan assets at end of measurement year |  |  | 14,521 |  |  | 13,962
Funded status of projected benefit obligation |  | $ | 1,273 |  | $ | 833
|  | For the Years Ended December 31
|  | 2024 |  | 2023
Assumptions used to determine benefit obligations: |  |  |  |  |  |
Discount rate |  |  | 6.32% |  |  | 5.96%
Rate of compensation increase |  |  | 5.00% |  |  | 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 |  | 2024 |  | 2023
Net actuarial loss |  | $ | (1,797) |  | $ | (2,406)
Tax effect |  |  | 377 |  |  | 505
Net amount recognized in accumulated other comprehensive loss |  | $ | (1,420) |  | $ | (1,901)
Schedule Of Net Periodic Pension Costs |
(Dollars in thousands) |  | For the Years Ended December 31
Components of net periodic pension cost |  | 2024 |  | 2023
Service cost |  | $ | 219 |  | $ | 216
Interest cost |  |  | 769 |  |  | 806
Expected return on plan assets |  |  | (863) |  |  | (923)
Recognized net actuarial loss |  |  | 43 |  |  | —
Net periodic pension cost |  |  | 168 |  |  | 99
Total net periodic pension cost |  | $ | 168 |  | $ | 99
‎
|  | For the Years Ended December 31
|  | 2024 |  | 2023
Assumptions used to determine net periodic benefit cost: |  |  |  |  |  |
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%
Asset allocations: |  |  |  |  |  |
Cash and cash equivalents |  |  | 3% |  |  | 3%
Common stocks |  |  | 29% |  |  | 36%
Corporate bonds |  |  | 17% |  |  | 14%
Municipal bonds |  |  | 24% |  |  | 28%
Investment fund - debt |  |  | 6% |  |  | 2%
Investment fund - equity |  |  | 18% |  |  | 13%
Deposit in immediate participation guarantee contract |  |  | 3% |  |  | 4%
Total |  |  | 100% |  |  | 100%
Schedule Of Amounts Recognized In Balance Sheet |
(Dollars in Thousands) |  | December 31, 2024
Asset Description |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Cash and cash equivalents |  | $ | 473 |  | $ | 473 |  | $ | — |  | $ | —
Equity securities |  |  | 4,256 |  |  | 4,256 |  |  | — |  |  | —
Corporate bonds |  |  | 2,470 |  |  | — |  |  | 2,470 |  |  | —
Municipal bonds |  |  | 3,469 |  |  | — |  |  | 3,469 |  |  | —
Investment fund - debt |  |  | 856 |  |  | 856 |  |  | — |  |  | —
Investment fund - equity |  |  | 2,623 |  |  | 2,623 |  |  | — |  |  | —
Deposit in immediate participation guarantee contract |  |  | 361 |  |  | 361 |  |  | — |  |  | —
Cash surrender value of life insurance |  |  | 13 |  |  | — |  |  | — |  |  | 13
Total assets |  | $ | 14,521 |  | $ | 8,569 |  | $ | 5,939 |  | $ | 13
(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
Schedule Of Changes In Fair Value Of Plan Assets |
| Cash Value of Life Insurance
| December 31
(Dollars in thousands) | 2024 |  | 2023
Balance at the beginning of the period | $ | 13 |  | $ | 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 |  | $ | 13
Schedule Of Expected Benefit Payments |
2025 |  | $ | 1,264
2026 |  |  | 1,625
2027 |  |  | 1,676
2028 |  |  | 1,146
2029 |  |  | 844
2030-2034 |  |  | 5,159

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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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