(11) Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of reconciliation of the change in the plan's benefit obligations

	December 31,
	2022			2021
	(In thousands)
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of year	$	22,280		$	24,678
Interest cost		579			553
Assumption changes		(5,450	)		(1,074	)
Actuarial (gain) loss		85			(222	)
Settlements		(716	)		(865	)
Benefits paid		(826	)		(790	)
Projected benefit obligation, end of year	$	15,952		$	22,280
Change in Plan Assets
Fair value of plan assets, beginning of year	$	26,098		$	18,165
Return on assets		(5,702	)		8,703
Employer contribution		–			1,124
Expenses		(86	)		(239	)
Settlements		(716	)		(865	)
Benefits paid		(826	)		(790	)
Fair value of plan assets, end of year	$	18,768		$	26,098
Funded Status at end of year	$	2,816		$	3,818

Schedule of weighted average assumptions used to determine pension benefit obligations

	December, 31
	2022		2021
Weighted average assumptions used to determine benefit obligations
Discount rate		4.87%		2.65%
Weighted average assumptions used to determine net periodic benefit cost
Discount rate		2.65%		2.28%
Expected return on plan assets		7.25%		7.25%

Schedule of components of net periodic benefit cost

	December 31,
	2022			2021			2020
	(In thousands)
Amounts recognized on Consolidated Balance Sheet
Other assets	$	2,816		$	3,818		$	–
Other liabilities		–			–			(6,513	)
Net amount recognized	$	2,816		$	3,818		$	(6,513	)
Amounts recognized in accumulated other comprehensive loss consists of:
Net loss	$	5,716		$	3,794		$	13,297
Unrecognized transition asset		–			–			–
Net amount recognized	$	5,716		$	3,794		$	13,297
Components of net periodic benefit cost
Interest cost	$	579		$	553		$	693
Expected return on assets		(1,860	)		(1,301	)		(1,150	)
Amortization of transition asset		–			–			–
Amortization of net loss		105			896			839
Net periodic benefit cost		(1,176	)		148			382
Settlement (gain)/loss		256			(865	)		–
Total	$	(920	)	$	(717	)	$	382
Benefit Obligation Recognized in Other Comprehensive Loss (Income)
Net loss (gain)	$	1,003		$	(9,503	)	$	205
Prior service cost (credit)		–			–			–
Amortization of prior service cost		–			–			–
Net amount recognized in other comprehensive loss (income)	$	1,003		$	(9,503	)	$	205

Schedule of weighted average asset allocation of our pension benefits

	December 31,
	2022		2021
Weighted Average Asset Allocation at Year-End
Asset Category
Equity securities		87%		78%
Debt securities		13%		22%
Cash and cash equivalents		0%		0%
Total		100%		100%

Schedule of estimated Future Benefit Payments

Estimated Future Benefit Payments (In thousands)
2023	$	990
2024		1,329
2025		1,315
2026		1,392
2027		1,265
Years 2028 - 2032		5,954
Anticipated Contributions in 2023	$	–

Schedule of fair value of plan assets

	December 31, 2022
	Level 1 (1)		Level 2 (2)		Level 3 (3)		Total
Investment Name:	(in thousands)
Company Common Stock	$	7,848	$	–	$	–	$	7,848
Large Cap Value		–		2,037		–		2,037
Mid Cap Index		–		594		–		594
Small Cap Growth		–		546		–		546
Small Cap Value		–		588		–		588
Large Cap Blend		–		560		–		560
Growth		–		1,843		–		1,843
International Growth		–		2,251		–		2,251
Core Bond		–		1,658		–		1,658
High Yield		–		347		–		347
Inflation Protected Bond		–		433		–		433
Money Market		–		63		–		63
Total	$	7,848	$	10,920	$	–	$	18,768

	December 31, 2021
	Level 1 (1)		Level 2 (2)		Level 3 (3)		Total
Investment Name:	(in thousands)
Company Common Stock	$	10,472	$	–	$	–	$	10,472
Large Cap Value		–		2,933		–		2,933
Mid Cap Index		–		836		–		836
Small Cap Growth		–		714		–		714
Small Cap Value		–		868		–		868
Large Cap Blend		–		859		–		859
Growth		–		2,915		–		2,915
International Growth		–		3,036		–		3,036
Core Bond		–		2,316		–		2,316
High Yield		–		473		–		473
Inflation Protected Bond		–		641		–		641
Money Market		–		35		–		35
Total	$	10,472	$	15,626	$	–	$	26,098