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BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of changes in projected benefit obligations, fair value of plan assets and funded status
The following table sets forth the change in benefit obligation, change in plan assets and a reconciliation of the unfunded status and the assumptions used in determining the net periodic cost included in the accompanying consolidated financial statements for the Company’s post retirement plans. The measurement date for the post retirement plans were December 31 for each year presented.
SERP and DRPPost Retirement
2023202220232022
(In thousands)
Change in benefit obligation:
Projected benefit obligation at beginning of year$2,814 $3,941 $1,072 $1,613 
Service cost100 98 — 1 
Interest cost141 87 51 39 
Actuarial (gain) loss126 (469)4 (488)
Benefits paid(278)(339)(80)(93)
Plan amendments— (504)— — 
Projected benefit obligation at end of year2,903 2,814 1,047 1,072 
Reconciliation of plan assets:
Employer contributions278 341 80 93 
Benefits and Settlements paid(278)(341)(80)(93)
Unfunded status$2,903 $2,814 $1,047 $1,072 
Schedule of amount recognized in accumulated other comprehensive income
Amounts recognized in accumulated other comprehensive income at December 31, ignoring tax effects, consist of:
SERP and DRPPost Retirement
2023202220232022
(In thousands)
Unrecognized net actuarial loss (gain)$375 $279 $(625)$(671)
Unrecognized prior service cost15 20 — — 
Total accumulated other comprehensive loss (gain)$390 $299 $(625)$(671)
Schedule of plan assumptions
The weighted average assumptions used in the determination of benefit obligations as of December 31 were as follows:
SERP and DRPPost Retirement
2023202220232022
Discount rate4.60 %4.81 %4.71 %4.91 %
The weighted-average assumptions used in the determination of net periodic benefit cost were as follows:
SERP and DRPPost Retirement
2023202220232022
Discount rate4.74 %2.31 %4.86 %2.59 %
Expected rate of return on plan assets N/A  N/A N/AN/A
Schedule of net periodic benefit cost and other amounts recognized in OCI
The components of net periodic benefit cost and other amounts recognized in other comprehensive income were as follows for the years ended December 31, 2023 and 2022:
SERP and DRPPost Retirement
2023202220232022
(In thousands)
Service cost$100 $98 $— $1 
Interest cost141 87 51 39 
Prior Service Cost5 — — — 
Amortization:
Net loss (gain)30 134 (42)(6)
Net periodic benefit cost$276 $319 $9 $34 
Schedule of expected benefit payments
The benefits expected to be paid in each of the next five years and the aggregate for the five years thereafter are as follows:
SERP and DRPPost- Retirement
(In thousands)
2024$270 $77 
2025270 79 
2026252 79 
2027237 80 
2028221 80 
Years 2029 - 20331,009 388