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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Postemployment Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations
Benefit obligations of the SERP are shown in the table immediately below. In all other tables presented, the pension plan and the SERP are presented on a combined basis, even though the SERP is unfunded.
December 31,
20252024
(dollars in thousands)
Projected benefit obligation$14,159 $15,216 
Cumulative contributions in excess of net periodic benefit cost17,289 17,862 
Schedule of Net Benefit Costs
The following items are components of net pension cost for the years ended December 31, 2025 and 2024:
December 31,
20252024
(dollars in thousands)
Interest cost on projected benefit obligation$6,328 $11,623 
Expected return on plan assets(6,366)(10,431)
Amortization of net (gain)(108)(55)
Settlement gain recognized- (2,736)
Net periodic pension cost$(146)$(1,599)
Schedule of Net Funded Status
Amounts recognized on the December 31, 2025 and 2024 consolidated balance sheets are as follows:
December 31,
20252024
(dollars in thousands)
Prepaid pension asset$45,312 $44,473 
Accrued benefit/(liability)7,968 (10,425)
Net amount recognized$53,280 $34,048 
Schedule of Net Periodic Benefit Cost Not yet Recognized
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss, on a pretax basis, at December 31, 2025 are as follows:
December 31, 2025
(dollars in thousands)
Accumulated other comprehensive income, pretax$25,255 
Cumulative employer contributions in excess of net periodic benefit cost28,025 
Net amount recognized$53,280 
Schedule of Defined Benefit Plan, Assumptions
The following weighted average assumptions have been used at December 31, 2025 and 2024:
December 31,
20252024
Determination of benefit obligation at year-end:
Discount rate5.80%5.70%
Determination of net periodic benefit cost for the year ended:
Discount rate5.70%5.50%
Expected long-term rate of return on plan assets4.50%4.50%
Schedule of Defined Contribution Plan Disclosures
The following table shows the Company’s employer contributions and benefits paid for the years ended December 31, 2025 and 2024:
December 31,
20252024
(dollars in thousands)
Employer contributions$1,265 1,363 
Benefits paid6,607 14,273 
Schedule of Allocation of Plan Assets
The weighted average asset allocations as of December 31, 2025 and 2024, by asset category, are as follows:
Plan assets as of December 31,
20252024
Equity securities- %50 %
Fixed income60 %49 %
Cash and equivalents40 %1 %
Total100 %100 %
The following table sets forth by level, within the fair value hierarchy, the pension plan’s assets at fair value as of December 31, 2025:
Fair value measurements at December 31, 2025 using
Total fair valueQuoted prices
in active
markets for
identical
assets
(Level 1)		Significant
other
unobservable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
(dollars in thousands)
Cash equivalents$66,574 $66,574 $- $- 
U.S. government and agency obligations10,199 - 10,199 - 
Common stocks- - - - 
Corporate bonds35,092 - 35,092 - 
Mutual funds - fixed income53,487 53,487 - - 
Mutual funds - equities596 596 - - 
Total$165,947 $120,657 $45,291 $- 
The following table sets forth by level, within the fair value hierarchy, the pension plan’s assets at fair value as of December 31, 2024:
Fair value measurements at December 31, 2024 using
Total fair valueQuoted prices
in active
markets for
identical
assets
(Level 1)		Significant
other
unobservable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
(dollars in thousands)
Cash equivalents$1,940 $1,940 $- $- 
U.S. government and agency obligations16,250 - 16,250 - 
Common stocks40,542 40,542 - - 
Corporate bonds18,385 - 18,385 - 
Mutual funds - fixed income36,958 36,958 - - 
Mutual funds - equities34,873 34,873 - - 
Total$148,948 $114,313 $34,635 $- 
Schedule of Expected Benefit Payments
The following benefit payments are expected to be paid (in thousands):
2026$6,531 
20276,765 
20286,988 
20297,177 
20307,376 
2031 - 203539,387 
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets
The following table sets forth the pension plans’ funded status, using valuation dates of December 31, 2025 and 2024:
December 31,
20252024
(dollars in thousands)
Change in projected benefit obligation:
Projected benefit obligation at prior valuation date$114,900 $248,480 
Interest cost6,328 11,623 
Plan settlements- (120,303)
Benefits paid(6,607)(14,273)
Actuarial (gain)(1,954)(10,627)
Projected benefit obligation at valuation date112,667 114,900 
Change in plan assets:
Fair value of plan assets at beginning of year148,948 255,854 
Actual return on plan assets22,341 26,307 
Employer contributions1,265 1,363 
Plan settlements- (120,303)
Benefits paid(6,607)(14,273)
Fair value of plan assets at end of year165,947 148,948 
Funded status and net amount recognized$53,280 $34,048