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12. Employee and Director Benefit Programs (Tables)
12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Change in accumulated benefit obligation
(Dollars in thousands)            
     2020      2019  
             
Benefit obligation at beginning of period   $ 4,700       4,566  
Service cost     323       299  
Interest cost     63       58  
Benefits paid     (216 )     (223 )
                 
Benefit obligation at end of period   $ 4,870       4,700  
Amounts recognized in the Consolidated Balance Sheet
(Dollars in thousands)            
     2020      2019  
             
Benefit obligation $     4,870       4,700  
Fair value of plan assets     -       -  

 

(Dollars in thousands)            
     2020      2019  
             
Funded status   $ (4,870 )     (4,700 )
Unrecognized prior service cost/benefit     -       -  
Unrecognized net actuarial loss     -       -  
                 
Net amount recognized   $ (4,870 )     (4,700 )
                 
Unfunded accrued liability   $ (4,870 )     (4,700 )
Intangible assets     -       -  
                 
Net amount recognized   $ (4,870 )     (4,700 )

 

Schedule of net benefit costs
(Dollars in thousands)                  
     2020      2019      2018  
                   
Service cost   $ 323       299       362  
Interest cost     63       58       70  
                         
Net periodic cost   $ 386       357       432  
                         
Weighted average discount rate assumption                        
used to determine benefit obligation     5.49 %     5.49 %     5.49 %
Schedule of expected benefit payments
(Dollars in thousands)      
       
Year ending December 31,      
2021   $ 353  
2022   $ 342  
2023   $ 342  
2024   $ 354  
2025   $ 370  
Thereafter   $ 8,345