Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Compensation And Retirement Disclosure [Abstract]

Change in Benefit Obligations

The following table summarizes the projected benefit obligations, plan assets, funded status and rate assumptions associated with the SERP based upon actuarial valuations, for the years ended December 31, 2020, 2019 and 2018.

(In thousands)
Changes in Benefit Obligations	2020			2019			2018
Benefit obligation, beginning	$	2,675		$	2,574		$	2,485
Service cost		155			169			171
Interest cost		77			100			84
Actuarial gain		158			(20	)		(18	)
Benefits paid		(212	)		(148	)		(148	)
Benefit obligation, ending	$	2,853		$	2,675		$	2,574
Funded status at December 31,	$	(2,853	)	$	(2,675	)	$	(2,574	)
Changes in Plan Assets
Fair value of plan assets, beginning	$	-		$	-		$	-
Employer contributions		212			148			148
Benefits paid		(212	)		(148	)		(148	)
Fair value of plan assets, ending	$	-		$	-		$	-

Amounts Recognized on Balance Sheet

Amounts recognized in the Balance Sheets	2020			2019			2018
Other assets, deferred income tax benefit	$	583		$	479		$	513
Other liabilities		2,853			2,675			2,574
Accumulated other comprehensive income	33			157				140
Amounts recognized in accumulated other comprehensive income (loss)
Net gain	$	18		$	176		$	155
Prior service cost	23			22			22
Deferred tax expense		(8	)		(41	)		(37	)
Amount recognized	$	33		$	157		$	140

Components of Net Periodic Benefit Cost

Components of net periodic benefit cost	2020		2019		2018
Service cost	$	155	$	169	$	171
Interest cost	77		100		84
Amortization of prior service cost		1		1		1
Net periodic benefit cost	$	233	$	270	$	256

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income

Other changes in plan assets and benefit obligations recognized in other comprehensive income	2020			2019		2018
Net gain	$	(158	)	$	20	$	18
Amortization of prior service cost		1			1		1
Total recognized		(157	)		21		19
Less: Income tax effect		(33	)		4		4
Net amount recognized in other comprehensive income	$	(124	)	$	17	$	15

Total Recognized in Net Periodic Benefit Costs and Other Comprehensive Income Before Income Tax

The total recognized net periodic benefit costs and other comprehensive income before income tax follows:

(In thousands)
2020		2019		2018
$	390	$	249	$	237

Weighted Average Assumptions

Weighted-average assumptions:	2020			2019			2018
Discount rate used for net periodic benefit cost		3.00	%		4.00	%		3.50	%
Discount rate used for benefit obligation		2.25	%		3.00	%		4.00	%
Rate of compensation increase for net periodic benefit cost and benefit obligation		3.25	%		3.25	%		3.25	%

Schedule of Estimated Future Benefit Payments

Estimated future benefit payments follows:

(In thousands)
For the years ending December 31,	Amount
2021	$	203