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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Obligation and Funded Status
The following table sets forth the obligation and funded status as of December 31, 2021 and 2020:
(In Thousands)20212020
Change in benefit obligation:  
Benefit obligation at beginning of year$23,553 $21,456 
Interest cost509 641 
Actuarial (gain) loss (269)160 
Benefits paid(896)(887)
Change in actuarial assumptions(974)2,183 
Benefit obligation at end of year$21,923 $23,553 
Change in plan assets:  
Fair value of plan assets at beginning of year$23,484 $19,901 
Actual return on plan assets2,785 2,967 
Employer contribution700 1,500 
Benefits paid(896)(887)
Adjustment to fair value of plan assets— 
Fair value of plan assets at end of year26,073 23,484 
Funded status$4,150 $(69)
Accounts recognized on balance sheet as:  
Total liabilities$4,150 $(69)
Amounts not yet recognized as a component of net periodic pension cost: 
Amounts recognized in accumulated other comprehensive income (loss) consist of:  
Net loss$4,412 $7,084 
Schedule of Components of the Net Periodic Cost and Other Amounts Recognized in other Comprehensive Income (loss)
Components of Net Periodic Cost and Other Amounts Recognized in Other Comprehensive Income (Loss) as of December 31, 2021, 2020, and 2019 are as follows:
(In Thousands)202120202019
Net periodic pension cost:   
Service cost$— $— $— 
Interest cost509 641 763 
Expected return on plan assets(1,542)(1,274)(995)
Amortization of unrecognized net loss186 185 187 
Net periodic (benefit) cost$(847)$(448)$(45)
Schedule of Weighted-Average Assumptions used to Determine Benefit Obligations and Net Periodic Cost
Weighted-average assumptions used to determine benefit obligations at December 31, 2021, 2020, and 2019: 
 202120202019
Discount rate2.61 %2.24 %3.04 %
Rate of compensation increaseN/AN/AN/A

Weighted-average assumptions used to determine net periodic cost for years ended December 31, 2021, 2020, and 2019:
 202120202019
Discount rate2.24 %3.04 %4.10 %
Expected long-term return on plan assets7.00 %7.00 %7.00 %
Schedule of Plan's Weighted-Average Asset Allocations by Asset Category
The Plan’s weighted-average asset allocations at December 31, 2021 and 2020 by asset category are as follows:
Asset Category20212020
Cash5.09 %3.62 %
Fixed income securities12.29 %12.99 %
Equity68.76 %69.06 %
Inflation Hedges/Real Assets5.23 %5.16 %
Hedged Strategies8.63 %9.17 %
Total100.00 %100.00 %
Schedule Setting Forth by Level, within the Fair Value Hierarchy the Plan's Assets at Fair Value
The following table sets forth by level, within the fair value hierarchy detailed in Note 21 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2021 and 2020:
 2021
(In Thousands)Level ILevel IILevel IIITotal
Assets:    
Cash and cash equivalents$1,326 $— $— $1,326 
Mutual funds - taxable fixed income3,205 — — 3,205 
Mutual funds - domestic equity11,422 — — 11,422 
Mutual funds - international equity6,505 — — 6,505 
Inflation Hedges/Real Assets1,364 — — 1,364 
Hedged Strategies2,251 — — 2,251 
Total assets at fair value$26,073 $— $— $26,073 

 2020
(In Thousands)Level ILevel IILevel IIITotal
Assets:    
Cash and cash equivalents$850 $— $— $850 
Mutual funds - taxable fixed income3,051 — — 3,051 
Mutual funds - domestic equity11,325 — — 11,325 
Mutual funds - international equity4,889 — — 4,889 
Inflation Hedges/Real Assets1,214 — — 1,214 
Hedged Strategies2,155 — — 2,155 
Total assets at fair value$23,484 $— $— $23,484 
Schedule of Future Benefit Payments Expected to be Paid
The following future benefit payments are expected to be paid:
(In Thousands) 
2022$1,005 
20231,068 
20241,071 
20251,125 
20261,181 
2027-20316,034 
 $11,484