XML 61 R45.htm IDEA: XBRL DOCUMENT v3.25.4
Note 11 - Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]

(dollars in thousands)

 December 31, 2025  December 31, 2024 

Change in fair value of plan assets

        

Fair value at beginning of period

 $10,217  $10,923 

Actual return on plan assets

  801   38 

Company contributions

     27 

Benefits paid

  (843)  (771)

Fair value at end of period

 $10,175  $10,217 
         

Change in projected benefit obligation

        

Projected benefit obligation at beginning of period

 $9,957  $10,398 

Interest cost

  487   461 

Actuarial loss

  267   (131)

Benefits paid

  (843)  (771)

Projected benefit obligation at end of period

 $9,868  $9,957 
         

Funded status at period end

 $307  $260 
         

Amounts recognized on Consolidated Balance Sheet

        

Other assets

 $307  $260 

Accumulated other comprehensive loss

  (1,571)  (1,788)

Net amount recognized

 $1,878  $2,048 
         

Other changes recognized in other comprehensive income (loss)

        

Net (gain) loss

 $(126) $252 

Amortization of prior service cost credit

  (150)  (150)

Net periodic benefit cost (income)

 $(276) $102 
         

Weighted-average assumptions used to determine projected obligation

        

Discount rate

  5.35%  5.45%

Rate of compensation increase

  N/A   N/A 
Schedule of Net Benefit Costs [Table Text Block]
  

For the Year Ended December 31,

 

(dollars in thousands)

 2025  2024 

Components of net periodic benefit cost

        

Interest cost

 $487  $461 

Expected return on plan assets

  (408)  (421)

Amortization of prior service cost

  150   150 

Net periodic benefit cost

 $229  $190 
         

Weighted-average assumptions used to determine net cost

        

Discount rate

  5.45%  4.90%

Expected long-term return on plan assets

  5.60%  5.30%

Rate of compensation increase

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

Asset Category

    

Fixed Income

  80% - 100% 

U.S. Equities

  0% - 30% 

Non-U.S. Equities

  0% - 20% 

Real Assets

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

(dollars in thousands)

 December 31, 2025 

Estimated future benefit payments

    

2026

 $2,110 

2027

  730 

2028

  670 

2029

  620 

2030

  880 

Years 2031-2035

  3,340 

Thereafter

  1,518 

Projected benefit obligation

 $9,868 
Defined Benefit Plan, Plan Assets, Allocation [Table Text Block]
  

December 31, 2025

 
  

Quoted Prices in Active Markets for Identical Assets or Liabilities

  

Significant Other Observable Inputs

  

Significant Unobservable Inputs

     

(dollars in thousands)

 (Level 1)  (Level 2)  (Level 3)  Total 

Large U.S. Equity

 $1,584  $  $  $1,584 

Small/Mid U.S. Equity

  139         139 

International Equity

  440         440 

Fixed Income

  8,012         8,012 

Total DB plan investments

 $10,175  $  $  $10,175 
  

December 31, 2024

 
  

Quoted Prices in Active Markets for Identical Assets or Liabilities

  

Significant Other Observable Inputs

  

Significant Unobservable Inputs

     

(dollars in thousands)

 (Level 1)  (Level 2)  (Level 3)  Total 

Large U.S. Equity

 $1,516  $  $  $1,516 

Small/Mid U.S. Equity

  130         130 

International Equity

  410         410 

Fixed Income

  8,161         8,161 

Total DB plan investments

 $10,217  $  $  $10,217 
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]

(dollars in thousands, except share data)

 December 31, 2025  December 31, 2024 

Allocated shares

  545,097   492,208 

Committed-to-be-released shares

  26,442   26,442 

Unallocated shares

  476,490   529,379 

Total ESOP shares issued

  1,048,029   1,048,029 

Fair value of unallocated shares

 $4,469  $5,400 
Nonvested Restricted Stock Shares Activity [Table Text Block]
  

Shares

  

Weighted-Average Grant Date Fair Value

 

Non-vested at January 1, 2025

  97,064  $14.46 

Granted

  184,901   9.43 

Vested

  (49,544)  14.65 

Canceled (1)

  (11,221)  14.65 

Forfeited

  (59,103)  12.06 

Non-vested at December 31, 2025

  162,097   9.53