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Note 10 - Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Multiemployer Plan [Table Text Block]
  

2020

 

Source

 

Valuation Report

 

Our plan

  109.7%

Year Ended

 

December 31, 2020

 

Date Paid

 

Amount

 

(In thousands)

 

12/24/2020

 $364 
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
  

December 31, 2021

 
  

(Dollars in thousands)

 

Fair value, January 1

 $14,705 

Actual return on plan assets

  1,618 

Company contributions

   

Settlements and curtailments

   

Benefits paid

  (502)

Federal subsidy on benefits paid

   

Fair value, December 31

  15,821 

Change in projected benefit obligation

    

Projected benefit obligation, January 1

  14,197 

Service cost

   

Interest cost

  304 

Plan amendments

   

Settlements and curtailments

   

Actuarial loss

  1,329 

Benefits paid

  (502)

Federal subsidy on benefits paid

   

Projected benefit obligation, December 31

  15,328 

Amounts recognized on Consolidated Balance Sheet

    

Other assets

  493 

Accumulated other comprehensive income

  (1,852)

Net amount recognized, December 31

  2,345 

Funded status, December 31

    

Accumulated benefit obligation

  15,328 

Overfunded (underfunded) status of ABO

  493 

Provision for future salaries

   

Projected benefit obligation

  15,328 

Weighted-average assumptions, December 31

    

Discount rate

  2.65%

Rate of compensation increase

  N/A 

Interest-crediting rate

  0.00%
Schedule of Net Benefit Costs [Table Text Block]
  

For the Year Ended

 
  

December 31, 2021

 
  

(Dollars in thousands)

 

Components of Net Period Benefit Cost (Income)

    

Interest cost

 $304 

Expected return on plan assets

  (538)

Amortization of prior service cost (credit)

  (26)

Other

   

Net periodic benefit cost (income)

  (260)

Other changes recognized in other comprehensive income

    

Net (gain) loss

 $249 

Amortization of prior service (cost) credit

  26 

Other

   

Net periodic benefit cost (income)

  275 

Weighted-average assumptions used to determine net cost

    

Discount rate

  2.65%

Expected return on plan assets

  5.75%

Rate of compensation increase

  N/A 
Defined Benefit Plan, Plan Assets, Category [Table Text Block]

Asset Category

    

Fixed Income

  80% - 100% 

U.S. Equities

  10% - 30% 

Non-U.S. Equities

  0% - 20% 

Real Assets

  0% - 10% 
Schedule of Expected Benefit Payments [Table Text Block]
  

December 31, 2021

 
  

(Dollars in thousands)

 

Estimated future benefit payments

    

2022

 $2,390 

2023

  900 

2024

  1,010 

2025

  870 

2026

  700 

Years 2027 - 2031

  3,980 

Thereafter

  5,478 

Projected benefit obligation

 $15,328 
Defined Benefit Plan, Plan Assets, Allocation [Table Text Block]
  

December 31, 2021

 
  

Quoted Prices in Active Markets for Identical Assets or Liabilities

  

Significant Other Observable Inputs

  

Significant Unobservable Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 
  

(In thousands)

 

Large U.S. Equity

 $4,848  $  $  $4,848 

Small/Mid U.S. Equity

  781         781 

International Equity

  1,389         1,389 

Fixed Income

  7,769         7,769 

Other

  1,034         1,034 
  $15,821  $  $  $15,821 
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]
  

December 31, 2021

  

December 31, 2020

 
  

(Dollars in thousands)

 

Allocated shares

  333,396   280,507 

Committed-to-be-released shares

  26,442   26,442 

Unallocated shares

  688,191   741,080 
         

Total ESOP shares issued

  1,048,029   1,048,029 
         

Fair value of unallocated shares

 $13,901  $11,561 
Nonvested Restricted Stock Shares Activity [Table Text Block]
  

For the Year Ended

 
  

December 31, 2021

 
  

Shares

  

Weighted-Average Grant Date Fair Value

 

Non-vested at January 1, 2021

  292,892  $13.96 

Granted

  102,033   18.49 

Vested

  (101,751)  13.63 

Canceled (1)

  (19,548)  13.63 

Forfeited

  (37,194)  13.30 
         

Non-vested at December 31, 2021

  236,432   16.19