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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2023
Supplemental Retirement Plan  
Benefit plans  
Schedule of change in projected benefit obligation

    

2023

    

2022

 

(Dollars in thousands)

 

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

25,800

$

33,179

Service cost

 

192

 

347

Actuarial loss (gain)

 

793

 

(7,065)

Interest cost

 

1,296

 

865

Benefits paid

 

(1,629)

 

(1,526)

Projected benefit obligation at end of year

$

26,452

$

25,800

Amounts recognized in accumulated other comprehensive loss:

Net actuarial loss

$

2,892

$

2,371

Schedule of weighted-average assumptions used to determine the benefit obligation

    

2023

    

2022

 

Discount rate

 

4.95

%  

5.17

%

Rate of compensation increase

 

N/A

N/A

Schedule of estimated benefit payments over the next ten years, which reflect anticipated future events, service and other assumptions

    

Estimated

 

Benefit

 

Year

Payments

 

(Dollars in thousands)

 

2024

$

1,701

2025

 

2,086

2026

 

2,187

2027

 

2,327

2028

 

2,379

2029 to 2033

12,388

Schedule of components of net periodic benefit cost

Year Ended

    

December 31, 

    

2023

    

2022

 

Components of net periodic benefit cost:

Service cost

$

192

$

347

Interest cost

 

1,296

 

865

Amortization of net actuarial loss

 

52

 

455

Net periodic benefit cost

$

1,540

$

1,667

Amount recognized in other comprehensive income (loss)

$

(521)

$

5,297

Schedule of assumption used to determine the net periodic benefit cost

    

2023

    

2022

 

Discount rate

 

5.17

%  

2.66

%

Rate of compensation increase

 

N/A

N/A

Split-Dollar Life Insurance Benefit Plan  
Benefit plans  
Schedule of change in projected benefit obligation

    

December 31, 

    

December 31, 

 

2023

    

2022

(Dollars in thousands)

 

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

7,060

$

9,244

Interest cost

 

365

 

246

Actuarial loss

 

(474)

 

(2,430)

Projected benefit obligation at end of period

$

6,951

$

7,060

Schedule of weighted-average assumptions used to determine the benefit obligation

    

2023

    

2022

 

Discount rate

 

4.95

%  

5.17

%

Schedule of amounts recognized in accumulated other comprehensive loss

    

December 31, 

    

December 31,

 

2023

    

2022

(Dollars in thousands)

 

Net actuarial loss

$

2,108

$

2,301

Prior transition obligation

 

701

 

790

Accumulated other comprehensive loss

$

2,809

$

3,091

Schedule of components of net periodic benefit cost

Year Ended

    

December 31, 

    

2023

    

2022

 

Amortization of prior transition obligation

and actuarial losses

$

(191)

$

(41)

Interest cost

 

365

 

246

Net periodic benefit cost

$

174

$

205

Amount recognized in other comprehensive income

$

283

$

2,389

Schedule of assumption used to determine the net periodic benefit cost

    

2023

    

2022

 

Discount rate

 

5.17

%  

2.66

%