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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

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​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

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​

​

​

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

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​

​

​

​

​

​

​

​

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