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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
EMPLOYEE BENEFIT PLANS  
Schedule of pension benefits

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

(IN THOUSANDS)

CHANGE IN BENEFIT OBLIGATION:

 

  ​

 

  ​

Benefit obligation at beginning of year

$

31,228

$

34,819

Service cost

 

715

832

Interest cost

 

1,527

1,562

Actuarial loss (gain)

 

307

(532)

Settlements

 

(4,521)

Benefits paid

 

(2,758)

(932)

Benefit obligation at end of year

 

31,019

31,228

CHANGE IN PLAN ASSETS:

 

  ​

 

  ​

Fair value of plan assets at beginning of year

 

62,617

59,335

Actual return on plan assets

 

7,699

8,735

Employer contributions

 

Settlements

 

(4,521)

Benefits paid

 

(2,758)

(932)

Fair value of plan assets at end of year

 

67,558

62,617

Funded status of the plan

$

36,539

$

31,389

Schedule of amounts not yet recognized as a component of periodic pension cost

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

(IN THOUSANDS)

AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST:

 

  ​

 

Amounts recognized in accumulated other comprehensive loss consists of:

 

  ​

 

Net actuarial (gain) loss

$

(1,197)

$

2,045

Total

$

(1,197)

$

2,045

Schedule of accumulated benefit obligation

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

(IN THOUSANDS)

ACCUMULATED BENEFIT OBLIGATION:

 

  ​

 

  ​

Accumulated benefit obligation

$

29,194

$

29,215

Schedule of weighted-average assumptions used to determine benefit obligations

YEAR ENDED DECEMBER 31, 

 

  ​ ​ ​

2025

  ​ ​ ​

2024

 

WEIGHTED AVERAGE ASSUMPTIONS:

 

  ​

 

  ​

Discount rate

 

5.30

%  

5.58

%

Salary scale

Ages 25-34

5.00

5.00

Ages 35-44

4.00

4.00

Ages 45-54

3.00

3.00

Ages 55+

 

2.50

 

2.50

Schedule of net periodic pension cost

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

(IN THOUSANDS)

COMPONENTS OF NET PERIODIC PENSION BENEFIT:

  ​

 

  ​

Service cost

$

715

$

832

Interest cost

 

1,527

 

1,562

Expected return on plan assets

 

(4,150)

 

(4,157)

Settlement charge

 

 

471

Net periodic pension benefit

$

(1,908)

$

(1,292)

Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

(IN THOUSANDS)

OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE INCOME

 

 

  ​

Net gain

$

(3,242)

$

(5,110)

Recognized loss

 

 

(471)

Total recognized in other comprehensive income before tax effect

$

(3,242)

$

(5,581)

Total recognized in net periodic pension benefit and other comprehensive income before tax effect

$

(5,150)

$

(6,873)

Schedule of weighted-average assumptions used to determine net periodic benefit cost

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

WEIGHTED AVERAGE ASSUMPTIONS:

 

  ​

 

  ​

 

Discount rate

 

5.59

%  

5.12

%  

Expected return on plan assets

 

7.00

 

7.00

 

Rate of compensation increase

Ages 25-34

5.00

5.00

Ages 35-44

4.00

4.00

Ages 45-54

3.00

3.00

Ages 55+

 

2.50

 

2.50

 

Schedule of plan's asset allocations

YEAR ENDED DECEMBER 31, 

 

  ​ ​ ​

2025

  ​ ​ ​

2024

 

ASSET CATEGORY:

 

  ​

 

  ​

Cash and cash equivalents

 

3.5

%  

1.4

%

Fixed income

 

43.9

 

35.1

Equity

 

52.6

 

63.5

Total

 

100.0

%  

100.0

%

Schedule of fair value of plan assets

YEAR ENDED DECEMBER 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

(IN THOUSANDS)

Level 1:

 

  ​

 

  ​

Cash and cash equivalents

$

2,384

$

878

Fixed income

 

29,627

22,003

Equity

 

35,547

39,736

Total fair value of plan assets

$

67,558

$

62,617

Schedule of benefit payments

  ​ ​ ​

ESTIMATED FUTURE

YEAR:

BENEFIT PAYMENTS

(IN THOUSANDS)

2026

$

4,663

2027

 

4,022

2028

 

3,356

2029

 

2,943

2030

 

2,693

Years 2031-2035

 

12,178