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PENSION PLAN (Tables)
12 Months Ended
Dec. 31, 2023
PENSION PLAN [Abstract]  
Plan's Funded Status
The following table sets forth the plan’s funded status and amounts recognized in the Consolidated Financial Statements:

   
Year Ended December 31,
 
   
2023
   
2022
 
CHANGES IN BENEFIT OBLIGATIONS:
           
Benefit obligation-beginning of year
 
$
17,113
   
$
22,557
 
Service cost
   
-
     
37
 
Interest cost
   
792
     
542
 
Actuarial loss (gain)
   
4
     
(4,661
)
Benefits paid
   
(1,288
)
   
(1,362
)
Benefit obligation at end of year
   
16,621
     
17,113
 
                 
CHANGE IN PLAN ASSETS:
               
Fair value of plan assets-beginning of year
   
16,445
     
20,950
 
Actual return on plan assets
   
2,223
     
(3,143
)
Benefits paid
   
(1,288
)
   
(1,362
)
Fair value of plan assets-end of year
   
17,380
     
16,445
 
                 
FAIR VALUE IN EXCESS (DEFICIT) OF BENEFIT OBLIGATION FUNDED STATUS:
 
$
759
   
$
(668
)
Amounts Recognized in Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets consist of:

   
At December 31,
 
   
2023
   
2022
 
Noncurrent assets
  $
759     $
-  
Noncurrent liabilities
 
$
-
 
$
(668
)
Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in accumulated other comprehensive loss consist of:

   
Year Ended December 31,
 
   
2023
   
2022
 
Accumulated loss
 
$
(1,219
)
 
$
(2,480
)
Deferred income taxes
   
1,183
     
1,520
 
Accumulated other comprehensive loss
 
$
(36
)
 
$
(960
)
Components of Net Periodic Cost for Plan
The following table provides the components of net periodic cost for the plan:

   
Year Ended December 31,
 
   
2023
   
2022
 
COMPONENTS OF NET PERIODIC BENEFIT COST
           
Service cost
 
$
-
   
$
37
 
Interest cost
   
792
     
542
 
Expected return on plan assets
   
(1,065
)
   
(1,217
)
Recognized net actuarial loss
   
106
     
81
 
Net periodic benefit income
 
$
(167
)
 
$
(557
)
Plan Assets using Fair Value Hierarchy The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

   
Quoted Prices in
Active Markets
for Identical
Assets
   
Significant Other
Observable Inputs
   
Significant
Unobservable
Inputs
       
   
(Level 1)
   
(Level 2)
   
(Level 3)
   
Total
 
Equity securities
 
$
4,231
   
$
-
   
$
-
   
$
4,231
 
Fixed income
   
8,065
     
-
     
-
     
8,065
 
International equities
   
3,466
     
-
     
-
     
3,466
 
Real estate
   
1,062
     
-
     
-
     
1,062
 
Cash and equivalents
   
556
     
-
     
-
     
556
 
Balance at December 31, 2023
 
$
17,380
   
$
-
   
$
-
   
$
17,380
 

   
Quoted Prices in
Active Markets
for Identical
Assets
   
Significant Other
Observable Inputs
   
Significant
Unobservable
Inputs
       
   
(Level 1)
   
(Level 2)
   
(Level 3)
   
Total
 
Equity securities
 
$
4,692
   
$
-
   
$
-
   
$
4,692
 
Fixed income
   
6,130
     
-
     
-
     
6,130
 
International equities
   
3,650
     
-
     
-
     
3,650
 
Real estate
   
1,301
     
-
     
-
     
1,301
 
Cash and equivalents
   
672
     
-
     
-
     
672
 
Balance at December 31, 2022
 
$
16,445
   
$
-
   
$
-
   
$
16,445
 
Fair Value of Total Plan Assets by Major Asset Category
Fair value of total plan assets by major asset category as of December 31:

   
2023
   
2022
 
Equity securities
   
25
%
   
29
%
Fixed income
   
47
%
   
37
%
International equities
   
20
%
   
22
%
Real estate
   
6
%
   
8
%
Cash and equivalents
   
2
%
   
4
%
Total
   
100
%
   
100
%
Expected Benefit Payments for Plan
Information about the expected benefit payments for the plan is as follows:

Year Ending December 31,
     
2024
 
$
1,356,612
 
2025
   
1,338,497
 
2026
   
1,339,214
 
2027
   
1,325,656
 
2028
   
1,311,178
 
Years 2029-2033
   
6,169,290
 
Benefit Obligations [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Weighted Average Assumptions
Weighted-average assumptions used to determine benefit obligations as of December 31:

   
2023
   
2022
 
Discount rate
   
4.71
%
   
4.90
%
Rate of compensation increase
   
2.50
%
   
2.50
%
Periodic Pension Cost [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Weighted Average Assumptions
Weighted-average assumptions used to determine net periodic pension cost for years ended December 31:

   
2023
   
2022
 
Discount rate
   
4.71
%
   
4.90
%
Rate of compensation increase
   
2.50
%
   
2.50
%
Long-term rate of return
   
6.75
%
   
6.75
%