Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Funded Status and Components of Postretirement Benefit Costs

The following tables set forth the funded status and components of postretirement benefit costs at December 31 measurement dates (in thousands):

	2021		2020		2019
Accumulated postretirement benefit obligation beginning of year	$	1,133	$	1,241	$	1,359
Service cost	—		—		9
Interest cost	22		33		52
Actuarial gain	(77)		(44)		(76)
Benefits paid	(99)		(97)		(103)
Accumulated postretirement benefit obligation end of year	979		1,133		1,241
Accrued liability (included in accrued expenses and other liabilities)	$	979	$	1,133	$	1,241

Amounts Recognized In Accumulated Other Comprehensive Income (Loss)

The following table sets forth the amounts recognized in accumulated other comprehensive income (loss) (in thousands): 

	December 31,
	2021		2020
Net loss	$	11	$	87
Prior service credit	(152)		(171)
Loss recognized in accumulated other comprehensive income (loss)	$	(141)	$	(84)

Components Of Net Periodic Postretirement Benefit Cost

The following table sets forth the components of net periodic postretirement benefit costs for the years ended December 31, 2021, 2020, and 2019 (in thousands): 

	December 31,
	2021		2020		2019
Service cost	$	—	$	—	$	9
Interest cost	22		33		52
Amortization of prior service credits	(20)		(20)		—
Amortization of unrecognized loss	—		1		2
Net postretirement benefit cost included in compensation and employee benefits	$	2	$	14	$	63

Assumptions Used In Accounting For The Plan

The Company’s discount rate and rate of compensation increase used in accounting for the plan are as follows: 

	2021		2020		2019
Assumptions used to determine benefit obligation at period end:
Discount rate	2.50	%	2.00	%	2.75	%
Rate of increase in compensation(1)	N/A		N/A		4.00	%
Assumptions used to determine net periodic benefit cost for the year:
Discount rate	2.00	%	2.75	%	4.00	%
Rate of increase in compensation(1)	N/A		N/A		4.00	%

 (1) For 2021 and 2020, since the covered population is only retirees, a compensation rate increase assumption was not used.

Schedule of Defined Benefit Plans Disclosures

A one percentage-point change in assumed healthcare cost trends would have the following effects (in thousands): 

	One Percentage Point Increase				One Percentage Point Decrease
	2021		2020		2021		2020
Effect on benefits earned and interest cost	$	2	$	3	$	(2)	$	(2)
Effect on accumulated postretirement benefit obligation	78		97		(68)		(84)

A one percentage-point change in assumed healthcare cost trends would have the following effects (in thousands):

	One Percentage Point Increase						One Percentage Point Decrease
	2021		2020		2019		2021		2020		2019
Aggregate of service and interest components of net periodic cost (benefit)	$	2	$	3	$	4	$	(2)	$	(2)	$	(4)