Note 16 - Pension and Other Benefits (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

	2022			2021
	(dollars in thousands)
Change in Benefit Obligation:
Projected benefit obligation as of January 1,	$	14,644		$	13,476
Interest cost		311			284
Actuarial (gain) loss		(4,657	)		1,584
Benefits paid		(981	)		(700	)
Projected benefit obligation as of December 31,	$	9,317		$	14,644
Change in Plan Assets:
Fair value of plan assets as of January 1,	$	17,604		$	15,868
Actual return on plan assets		(3,366	)		2,436
Benefits paid		(981	)		(700	)
Fair value of plan assets as of December 31,	$	13,257		$	17,604
Funded status	$	3,940		$	2,960

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

	As of December 31,
	2022		2021
	(dollars in thousands)
Net actuarial loss recognized in accumulated other comprehensive income (pre-tax)	$	4,219	$	4,627

Schedule of Net Benefit Costs [Table Text Block]

	2022			2021			2020
	(dollars in thousands)
Interest cost	$	311		$	284		$	364
Expected return on plan assets		(949	)		(852	)		(784	)
Net amortization		66			299			301
Total net periodic pension income	$	(572	)	$	(269	)	$	(119	)
Total unrealized (gain) loss recognized in other comprehensive income		(343	)		-			112
Realized losses included in net income		(66	)		(299	)		(301	)
Total recognized in net periodic pension income and other comprehensive income	$	(981	)	$	(568	)	$	(308	)

Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]

	2022			2021
Discount rate		4.92	%		2.57	%
Rate of compensation increase		N/A			N/A

	2023			2022			2021
Discount rate		4.92	%		2.57	%		2.17	%
Expected long-term return on plan assets		6.50	%		5.50	%		5.50	%
Rate of compensation increase		N/A			N/A			N/A

Schedule of Allocation of Plan Assets [Table Text Block]

										Weighted
										Average
				% of Plan			% of Plan			Expected
				Assets –			Assets –			Long-Term
	Target			Year Ended			Year Ended			Rate of
	Allocation			2022			2021			Return
Equity Securities
Domestic		45	%		58	%		59	%		4.5	%
International		15			4			5			0.4
Debt and/or fixed income securities		38			35			34			1.5
Cash and other alternative investments, including real estate funds, commodity funds, hedge funds and equity structured notes		2			3			2			0.1
Total		100	%		100	%		100	%		6.5	%

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

	December 31,
	2022		Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
Asset Class			(Level 1)		(Level 2)		(Level 3)
	(dollars in thousands)
Cash	$	262	$	262	$	-	$	-
Equity securities:
U.S. companies		7,611		7,611		-		-
International companies		569		569		-		-
Debt and/or fixed income securities		4,684		4,684		-		-
Commodity funds		95		95		-		-
Real estate funds		36		36		-		-
Total	$	13,257	$	13,257	$	-	$	-

	December 31,
	2021		Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
Asset Class			(Level 1)		(Level 2)		(Level 3)
	(dollars in thousands)
Cash	$	178	$	178	$	-	$	-
Equity securities:
U.S. companies		10,551		10,551		-		-
International companies		897		897		-		-
Debt and/or fixed income securities		5,804		5,804		-		-
Commodity funds		111		111		-		-
Real estate funds		63		63		-		-
Total	$	17,604	$	17,604	$	-	$	-

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

2023	$	738
2024		726
2025		724
2026		728
2027		770
2028 - 2032		3,744