Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Net periodic pension cost of plan

Net periodic pension cost of the Plan for the years ended December 31, 2024, 2023 and 2022 was as follows:

	For the Year Ended December 31,
	2024			2023			2022
Interest cost	$	222		$	233		$	162
Expected return on assets		(125	)		(144	)		(156	)
Amortization of net loss		64			70			67
Net periodic pension cost	$	161		$	159		$	73

Reconciliation of changes in plan's projected benefit obligations and assets

The reconciliation of changes in the Plan’s projected benefit obligations and assets are as follows:

	December 31,
	2024			2023
Change in benefit obligation:
Projected benefit obligation at beginning of year	$	4,766		$	4,783
Interest cost		222			233
Actuarial (gain) loss		(291	)		84
Benefits paid		(417	)		(334	)
Projected benefit obligation at end of year	$	4,280		$	4,766
Change in plan assets:
Fair value of plan assets at beginning of year	$	4,631		$	4,599
Actual return on plan assets		(13	)		316
Company contributions		—			50
Benefits paid		(417	)		(334	)
Fair value of plan assets at end of year	$	4,201		$	4,631
Funded status	$	(79	)	$	(135	)

Assumptions used to determine the net periodic benefit cost and benefit obligations

The assumptions used to determine the Plan’s net periodic benefit cost and benefit obligations are as follows:

	December 31,
	2024			2023			2022
Discount rate for net periodic pension cost		4.85	%		5.05	%		2.65	%
Discount rate for benefit obligations		5.40	%		4.85	%		5.05	%
Expected long-term return of plan assets		5.00	%		5.25	%		4.50	%

Weighted average asset allocations for plan

The weighted average asset allocations for the Plan at December 31, 2024 and 2023 were as follows:

	December 31,
	2024			2023
U.S. equities securities		10	%		11	%
U.S. debt securities		90	%		89	%
		100	%		100	%

Benefit payments projected for the plan

Benefit payments projected for the Plan are as follows:

2025	$	360
2026		360
2027		360
2028		350
2029		350
2030-2034		1,690