Note 16 - Pension and Other Benefits (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

	2023			2022
	(dollars in thousands)
Change in Benefit Obligation:
Projected benefit obligation as of January 1,	$	9,317		$	14,644
Interest cost		441			311
Actuarial (gain) loss		251			(4,657	)
Benefits paid		(674	)		(981	)
Projected benefit obligation as of December 31,	$	9,335		$	9,317
Change in Plan Assets:
Fair value of plan assets as of January 1,	$	13,257		$	17,604
Actual return on plan assets		2,031			(3,366	)
Benefits paid		(674	)		(981	)
Fair value of plan assets as of December 31,	$	14,614		$	13,257
Funded status	$	5,279		$	3,940

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

	As of December 31,
	2023		2022
	(dollars in thousands)
Net actuarial loss recognized in accumulated other comprehensive income (pre-tax)	$	2,981	$	4,219

Schedule of Net Benefit Costs [Table Text Block]

	2023			2022			2021
	(dollars in thousands)
Interest cost	$	440		$	311		$	284
Expected return on plan assets		(838	)		(949	)		(852	)
Net amortization		296			66			299
Total net periodic pension income	$	(102	)	$	(572	)	$	(269	)
Total unrealized gain recognized in other comprehensive income		(941	)		(343	)		-
Realized losses included in net income		(296	)		(66	)		(299	)
Total recognized in net periodic pension income and other comprehensive income	$	(1,339	)	$	(981	)	$	(568	)

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

	2023			2022
Discount rate		4.72	%		4.92	%
Rate of compensation increase		N/A			N/A

	2024			2023			2022
Discount rate		4.72	%		4.92	%		2.57	%
Expected long-term return on plan assets		6.00	%		6.50	%		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			2023			2022			Return
Equity Securities
Domestic		56	%		66	%		58	%		3.4	%
International		9			4			4			0.8
Debt and/or fixed income securities		33			28			35			1.7
Cash and other alternative investments, including real estate funds, commodity funds, hedge funds and equity structured notes		2			2			3			0.1
Total		100	%		100	%		100	%		6.0	%

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

	December 31,
	2023		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	$	201	$	201	$	-	$	-
Equity securities:
U.S. companies		9,647		9,647		-		-
International companies		654		654		-		-
Debt and/or fixed income securities		4,012		4,012		-		-
Commodity funds		62		62		-		-
Real estate funds		38		38		-		-
Total	$	14,614	$	14,614	$	-	$	-

	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	$	-	$	-

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

2024	$	709
2025		707
2026		710
2027		752
2028		752
2029 - 2033		3,598