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Pension Plans (Tables)

12 Months Ended

Dec. 31, 2024

Pension Plans [Abstract]

Schedule of Information Related to the Retirement Plan

Information related to the Retirement Plan as of and for the years ended December 31, 2024 and 2023 is presented below (dollars in thousands):

		2024				2023
Changes in plan assets:
Fair value of plan assets, beginning		$	18,485			$	16,688
Actual gains			1,711				2,376
Benefits paid			(829	)			(834	)
Company contributions			800				255
Participant contributions			—				—
Fair value of plan assets, ending		$	20,167			$	18,485
Less: projected accumulated benefit obligation		$	17,530			$	18,590
Funded status, overfunded (underfunded)		$	2,637			$	(105	)
Amounts recognized in the consolidated balance sheets:
Other assets		$	2,637			$	—
Other liabilities		$	—			$	(105	)
Accumulated other comprehensive income		$	(4,167	)		$	(2,231	)
Assumptions used in computation of benefit obligations:
Discount rate			5.50	%			4.90	%
Expected long-term return on plan assets			6.50	%			6.50	%
Rate of compensation increase			—				—

Schedule of Components of Net Periodic Benefit Costs

		Years Ended December 31,
		2024				2023				2022
Components of net periodic benefit costs are as follows:
Service cost		$	267			$	249			$	404
Interest cost			887				900				655
Expected return on plan assets			(1,103	)			(993	)			(1,090	)
Net periodic cost (benefit)		$	51			$	156			$	(31	)

Schedule of Expected Benefit Payments

The following table summarizes the expected benefit payments for the Company’s Retirement Plan for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter (in thousands):

December 31:
2025		$	1,000
2026			1,040
2027			1,080
2028			1,130
2029			1,160
2030-34			6,480
		$	11,890

Schedule of Information Related to the Postretirement Plan

Information related to the Postretirement Plan as of December 31, 2024 and 2023 is presented below (dollars in thousands):

		2024				2023
Amounts at the end of the year:
Accumulated/projected benefit obligation		$	3,783			$	4,294
Fair value of plan assets			—				—
Funded status, underfunded		$	(3,783	)		$	(4,294	)
Amounts recognized in the consolidated balance sheets:
Accrued liabilities		$	(280	)		$	(320	)
Other liabilities		$	(3,503	)		$	(3,974	)
Accumulated other comprehensive income		$	(808	)		$	(250	)
Discount rate used in computation of benefit obligations			5.30	%			4.75	%

Schedule of Net Periodic Benefit Costs

		Years Ended December 31,
		2024				2023				2022
Components of net periodic benefit costs are as follows:
Service cost		$	19			$	14			$	26
Interest cost			196				186				105
Amortization of prior service cost			—				(53	)			—
Net periodic benefit cost		$	215			$	147			$	131
Amounts recognized in the plan for the year:
Participant contributions		$	35			$	36			$	43
Benefits paid		$	204			$	201			$	215

Schedule of Expected Benefit Payments

The following table summarizes the expected benefit payments for the Company’s Postretirement Plan for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter (in thousands):

December 31:
2025		$	280
2026			360
2027			390
2028			420
2029			400
2030-2034			1,780
		$	3,630

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