Retirement Agreements and Other Postretirement Benefit Plan (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Components Of Net Periodic Benefits Cost

Cost of the Company’s postretirement benefits included the following components and is presented in the personnel expenses line of its Consolidated Statements of Operations:

(in thousands)	2021		2020
Net periodic benefit cost
Service cost – benefits earned during the year	$	—	$	—
Interest cost on the projected benefit obligation	29		31
Amortization of unrecognized prior service cost	—		—
Amortization of unrecognized loss	—		—
Net periodic benefits cost at end of year	$	29	$	31

Schedule of Net Funded Status On The Balance Sheet

The effects of the funded status on the Company’s Consolidated Balance Sheets at December 31, 2021 and 2020 are presented in the following table:

(in thousands)	2021		2020
Funded status
Actuarial present value of future benefits:
Fully eligible active employees	$	(1,118)	$	(1,089)
Non-eligible active employees	—		—
Plan assets	—		—
Funded status of accumulated postretirement benefit obligation, recognized in accounts payable and accrued liabilities	$	(1,118)	$	(1,089)

Development Of The Accumulated Postretirement Benefit Obligation

Development of the accumulated postretirement benefit obligation for the years ended December 31, 2021 and 2020 includes the following:

(in thousands)	2021		2020
Accrued postretirement benefit obligation at beginning of year	$	(1,089)	$	(956)
Service cost – benefits earned during the year	—		—
Interest cost on projected benefit obligation	(29)		(31)
Actuarial loss	—		(102)
Accrued postretirement benefit obligation at end of year	$	(1,118)	$	(1,089)

Changes in Amounts Related to Accumulated Other Comprehensive Income, Pre-Tax

The changes in amounts related to accumulated other comprehensive income, pre-tax, are as follows:

(in thousands)	2021		2020
Balance at beginning of year	$	184	$	82
Components of accumulated other comprehensive income:
Unrecognized prior service cost	—		—
Amortization of loss, net	—		—
Actuarial loss	—		102
Balance at end of year	$	184	$	184