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(11) Employee Benefits (Tables) | 12 Months Ended
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Dec. 31, 2021
Retirement Benefits [Abstract] |
Schedule of reconciliation of the change in the plan's benefit obligations |
Schedule of reconciliation of the change in the plan's benefit obligations |  |  |  |  |  |  |  |
|  | December 31,
|  | 2021 |  | 2020
|  | (In thousands)
Change in Projected Benefit Obligation |  |  |  |  |  |  |  |
Projected benefit obligation, beginning of year |  | $ | 24,678 |  |  | $ | 22,997 |
Interest cost |  |  | 553 |  |  |  | 693 |
Assumption changes |  |  | (1,074 | ) |  |  | 2,418 |
Actuarial (gain) loss |  |  | (222 | ) |  |  | (89 | )
Settlements |  |  | (865 | ) |  |  | – |
Benefits paid |  |  | (790 | ) |  |  | (1,341 | )
Projected benefit obligation, end of year |  | $ | 22,280 |  |  | $ | 24,678 |
Change in Plan Assets |  |  |  |  |  |  |  |
Fair value of plan assets, beginning of year |  | $ | 18,165 |  |  | $ | 15,910 |
Return on assets |  |  | 8,703 |  |  |  | 2,775 |
Employer contribution |  |  | 1,124 |  |  |  | 1,161 |
Expenses |  |  | (239 | ) |  |  | (340 | )
Settlements |  |  | (865 | ) |  |  | – |
Benefits paid |  |  | (790 | ) |  |  | (1,341 | )
Fair value of plan assets, end of year |  | $ | 26,098 |  |  | $ | 18,165 |
Funded Status at end of year |  | $ | 3,818 |  |  | $ | (6,513 | )
Schedule of weighted average assumptions used to determine pension benefit obligations |
Schedule of weighted average assumptions used to determine pension benefit obligations |  |  |  |  |  |
|  | December, 31
|  | 2021 |  | 2020
Weighted average assumptions used to determine benefit obligations |  |  |  |  |  |
Discount rate |  |  | 2.65% |  |  | 2.28%
Weighted average assumptions used to determine net periodic benefit cost |  |  |  |  |  |
Discount rate |  |  | 2.28% |  |  | 3.07%
Expected return on plan assets |  |  | 7.25% |  |  | 7.25%
Schedule of components of net periodic benefit cost |
Schedule of components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In thousands)
Amounts recognized on Consolidated Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  | $ | 3,818 |  |  | $ | – |  |  | $ | – |
Other liabilities |  |  | – |  |  |  | (6,513 | ) |  |  | (7,087 | )
Net amount recognized |  | $ | 3,818 |  |  | $ | (6,513 | ) |  | $ | (7,087 | )
Amounts recognized in accumulated other comprehensive loss consists of: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | 3,794 |  |  | $ | 13,297 |  |  | $ | 13,092 |
Unrecognized transition asset |  |  | – |  |  |  | – |  |  |  | – |
Net amount recognized |  | $ | 3,794 |  |  | $ | 13,297 |  |  | $ | 13,092 |
Components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |  |
Interest cost |  | $ | 553 |  |  | $ | 693 |  |  | $ | 808 |
Expected return on assets |  |  | (1,301 | ) |  |  | (1,150 | ) |  |  | (1,012 | )
Amortization of transition asset |  |  | – |  |  |  | – |  |  |  | – |
Amortization of net loss |  |  | 896 |  |  |  | 839 |  |  |  | 376 |
Net periodic benefit cost |  |  | 148 |  |  |  | 382 |  |  |  | 172 |
Settlement (gain)/loss |  |  | (865 | ) |  |  | – |  |  |  | – |
Total |  | $ | (717 | ) |  | $ | 382 |  |  | $ | 172 |
Benefit Obligation Recognized in Other Comprehensive Loss (Income) |  |  |  |  |  |  |  |  |  |  |  |
Net loss (gain) |  | $ | (9,503 | ) |  | $ | 205 |  |  | $ | 1,197 |
Prior service cost (credit) |  |  | – |  |  |  | – |  |  |  | – |
Amortization of prior service cost |  |  | – |  |  |  | – |  |  |  | – |
Net amount recognized in other comprehensive loss (income) |  | $ | (9,503 | ) |  | $ | 205 |  |  | $ | 1,197 |
Schedule of weighted average asset allocation of our pension benefits |
Schedule of weighted average asset allocation of our pension benefits |  |  |  |  |  |  |  |
|  | December 31,
|  | 2021 |  | 2020
Weighted Average Asset Allocation at Year-End |  |  |  |  |  |  |  |
Asset Category |  |  |  |  |  |  |  |
Equity securities |  |  | 78 | % |  |  | 82 | %
Debt securities |  |  | 22 | % |  |  | 18 | %
Cash and cash equivalents |  |  | 0 | % |  |  | 0 | %
Total |  |  | 100 | % |  |  | 100 | %
Schedule of estimated Future Benefit Payments |
Schedule of estimated Future Benefit Payments |  |  |  |
Cash Flows |  |  |  |
Estimated Future Benefit Payments (In thousands) |  |  |  |
2022 |  | $ | 904 |
2023 |  |  | 934 |
2024 |  |  | 957 |
2025 |  |  | 989 |
2026 |  |  | 1,034 |
Years 2027 - 2031 |  |  | 5,605 |
Anticipated Contributions in 2022 |  | $ | – |
Schedule of fair value of plan assets |
Schedule of fair value of plan assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021
|  | Level 1 (1) |  | Level 2 (2) |  | Level 3 (3) |  | Total
Investment Name: |  | (in thousands)
Company Common Stock |  | $ | 10,472 |  |  | $ | – |  |  | $ | – |  |  | $ | 10,472 |
Large Cap Value |  |  | – |  |  |  | 2,933 |  |  |  | – |  |  |  | 2,933 |
Mid Cap Index |  |  | – |  |  |  | 836 |  |  |  | – |  |  |  | 836 |
Small Cap Growth |  |  | – |  |  |  | 714 |  |  |  | – |  |  |  | 714 |
Small Cap Value |  |  | – |  |  |  | 868 |  |  |  | – |  |  |  | 868 |
Large Cap Blend |  |  | – |  |  |  | 859 |  |  |  | – |  |  |  | 859 |
Growth |  |  | – |  |  |  | 2,915 |  |  |  | – |  |  |  | 2,915 |
International Growth |  |  | – |  |  |  | 3,036 |  |  |  | – |  |  |  | 3,036 |
Core Bond |  |  | – |  |  |  | 2,316 |  |  |  | – |  |  |  | 2,316 |
High Yield |  |  | – |  |  |  | 473 |  |  |  | – |  |  |  | 473 |
Inflation Protected Bond |  |  | – |  |  |  | 641 |  |  |  | – |  |  |  | 641 |
Money Market |  |  | – |  |  |  | 35 |  |  |  | – |  |  |  | 35 |
Total |  | $ | 10,472 |  |  | $ | 15,626 |  |  | $ | – |  |  | $ | 26,098 |
|  | December 31, 2020
|  | Level 1 (1) |  | Level 2 (2) |  | Level 3 (3) |  | Total
Investment Name: |  | (in thousands)
Company Common Stock |  | $ | 3,811 |  |  | $ | – |  |  | $ | – |  |  | $ | 3,811 |
Large Cap Value |  |  | – |  |  |  | 2,523 |  |  | $ | – |  |  |  | 2,523 |
Mid Cap Index |  |  | – |  |  |  | 757 |  |  |  | – |  |  |  | 757 |
Small Cap Growth |  |  | – |  |  |  | 765 |  |  |  | – |  |  |  | 765 |
Small Cap Value |  |  | – |  |  |  | 785 |  |  |  | – |  |  |  | 785 |
Large Cap Blend |  |  | – |  |  |  | 691 |  |  |  | – |  |  |  | 691 |
Growth |  |  | – |  |  |  | 2,342 |  |  |  | – |  |  |  | 2,342 |
International Growth |  |  | – |  |  |  | 3,003 |  |  |  | – |  |  |  | 3,003 |
Core Bond |  |  | – |  |  |  | 1,809 |  |  |  | – |  |  |  | 1,809 |
High Yield |  |  | – |  |  |  | 381 |  |  |  | – |  |  |  | 381 |
Inflation Protected Bond |  |  | – |  |  |  | 485 |  |  |  | – |  |  |  | 485 |
Money Market |  |  | – |  |  |  | 813 |  |  | $ | – |  |  |  | 813 |
Total |  | $ | 3,811 |  |  | $ | 14,354 |  |  | $ | – |  |  | $ | 18,165 |

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- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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