XML 55 R42.htm IDEA: XBRL DOCUMENT v3.24.0.1
Employee Benefits And Deferred Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2023
Pension Benefits [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule Of Defined Benefit Plans Disclosures

2023

2022

Change in benefit obligation:

(in thousands)

Benefit obligation at the beginning of the year

$

4,912 

$

6,551 

Interest cost

237 

179 

Assumption change

102 

(1,613)

Actuarial loss

4 

49 

Settlements

(263)

-

Benefits paid

(258)

(254)

Benefit obligation at the end of the year

4,734 

4,912 

Change in plan assets:

Fair value of plan assets at the beginning of year

4,998 

6,536 

Actual return on plan assets

503 

(1,284)

Benefits paid

(521)

(254)

Fair value of plan assets at the end of year

4,980 

4,998 

Funded status

$

246 

$

86 

Amount recognized in the Consolidated Balance Sheets consist of:

Accrued benefit liabilities

$

246 

$

86 

Amount recognized in the Accumulated Other Comprehensive Loss consists of:

Net actuarial loss

$

1,879 

$

2,229 

Prior service cost

-

-

Net amount recognized in equity - pre-tax

$

1,879 

$

2,229 

Accumulated benefit obligation at year end

$

4,734 

$

4,912 

Schedule Of Assumptions Used

2023

2022

2021

Discount rate for projected benefit obligation

5.00

%

5.22

%

2.77

%

Discount rate for net periodic pension cost

5.22

%

2.77

%

2.42

%

Expected long-term rate of return of plan assets

5.50

%

5.50

%

5.50

%

Schedule Of Net Periodic Benefit Cost

2023

2022

2021

(in thousands)

Interest cost

$

237 

$

179 

$

165 

Expected return on plan assets

(259)

(353)

(356)

Net amortization and deferral

97 

97 

100 

Settlement cost

114 

-

-

Net periodic benefit cost

$

189 

$

(77)

$

(91)

Schedule Of Weighted Average Asset Allocation

Asset Category:

2023

2022

Equity mutual funds

35.39

%

35.29

%

Fixed income mutual funds

62.05

%

63.70

%

Cash/Short-term investments

2.56

%

1.01

%

100.00

%

100.00

%

Schedule Of Major Categories Of Assets

2023

2022

(in thousands)

Level 1:

Cash

$

-

$

-

Mutual funds:

Short-term investments:

Money market

128

50

Fixed Income:

3,225

3,314

Equities:

Small cap

283

255

Mid-Cap

149

151

Large cap

713

794

International large cap

482

434

$

4,980

$

4,998

Schedule Of Expected Benefit Payments

(in thousands)

2024

$

317

2025

318

2026

322

2027

317

2028

313

Year 2029 - 2033

1,652

Supplemental Executive Retirement Plan [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule Of Defined Benefit Plans Disclosures

2023

2022

Change in benefit obligation:

(in thousands)

Benefit obligation at the beginning of the year

$

5,048

$

5,754

Service cost

144

131

Interest cost

250

124

Actuarial gain

(188)

(553)

Benefits paid

(285)

(408)

Benefit obligation at the end of the year

4,969

5,048

Change in plan assets:

Fair value of plan assets at the beginning of year

-

-

Actual return on plan assets

-

-

Employer contributions

285

408

Benefits paid

(285)

(408)

Fair value of plan assets at the end of year

-

-

Funded status

$

(4,969)

$

(5,048)

Amount recognized in the Consolidated Balance Sheets consist of:

Accrued benefit liabilities

$

(4,969)

$

(5,048)

Amount recognized in the Accumulated Other Comprehensive Loss consists of:

Net actuarial loss

$

188

$

376

Prior service cost

-

-

Net amount recognized in equity - pre-tax

$

188

$

376

Accumulated benefit obligation at year end

$

4,842

$

4,922

Schedule Of Assumptions Used

2023

2022

2021

Discount rate for projected benefit obligation

4.89

%

5.10

%

2.23

%

Discount rate for net periodic pension cost

5.10

%

2.23

%

1.66

%

Salary scale

3.00

%

3.00

%

3.00

%

Schedule Of Net Periodic Benefit Cost

2023

2022

2021

(in thousands)

Service cost

$

144

$

131

$

148

Interest cost

250

124

100

Net amortization and deferral

-

209

314

Net periodic benefit cost

$

394

$

464

$

562

Schedule Of Expected Benefit Payments

(in thousands)

2024

$

285

2025

3,003

2026

285

2027

285

2028

285

Year 2029 - 2033

926