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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2021
Pension Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

(in thousands)

    

2021

    

2020

Change in projected benefit obligation:

Projected benefit obligation at beginning of year

$

9,650

 

$

8,926

Service cost

 

 

Interest cost

 

233

 

282

Actuarial loss

 

(406)

 

913

Benefits paid

 

(326)

 

(319)

Settlements

 

(550)

 

(152)

Projected benefit obligation at end of year

 

8,601

 

9,650

Change in fair value of plan assets:

 

  

 

  

Fair value of plan assets at beginning of year

 

12,040

 

11,078

Expected return on plan assets

 

1,258

 

1,433

Contributions by employer

 

 

Benefits paid

 

(326)

 

(319)

Settlements

 

(550)

 

(152)

Fair value of plan assets at end of year

 

12,422

 

12,040

Overfunded status

$

(3,821)

 

$

(2,390)

Amounts recognized in consolidated balance sheet:

 

  

 

  

Other assets

$

3,821

 

$

2,390

Schedule of Net Benefit Costs

(in thousands)

    

2021

    

2020

Interest cost

$

233

$

282

Expected return on plan assets

 

(712)

 

(708)

Settlement Charge

 

 

Net periodic pension benefit credit

$

(479)

$

(426)

(in thousands)

    

2021

    

2020

Net actuarial (gain) loss

$

(953)

$

178

Settlement charge

 

 

Net period pension benefit (credit)

 

(479)

 

(426)

Total recognized in net periodic benefit (credit) and other comprehensive income

$

(1,432)

$

(248)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

(in thousands)

    

2021

    

2020

Net actuarial (gain) loss

$

(953)

$

178

Settlement charge

 

 

Prior service cost

 

1,072

 

893

Total accumulated other comprehensive loss (pre-tax)

$

119

$

1,071

Schedule of Assumptions Used

    

2021

    

2020

 

Projected benefit obligation

 

  

 

  

Discount rate

 

2.80

%  

2.46

%

Net periodic pension cost

Discount rate

 

2.46

%  

3.23

%

Long-term rate of return on plan assets

 

6.00

 

6.00

Schedule of Allocation of Plan Assets

    

2021

(in thousands)

    

Total

    

Level 1

    

Level 2

Equity mutual funds:

  

 

  

 

  

Large-cap

$

952

$

952

$

Mid-cap

 

296

 

296

 

Small-cap

 

302

 

302

 

International

 

573

 

573

 

  

Fixed income funds:

 

  

 

  

 

  

Fixed-income - core plus

 

 

 

Intermediate duration

 

 

 

Long duration

9,042

9,042

Common stock

 

653

 

653

 

Common/collective trusts - large-cap

 

244

 

 

244

Cash equivalents - money market

 

360

 

360

 

Total

$

12,422

$

12,178

$

244

    

2020

(in thousands)

    

Total

    

Level 1

    

Level 2

Equity mutual funds:

 

  

 

  

 

  

Large-cap

$

2,364

$

2,364

$

Mid-cap

 

744

 

744

 

Small-cap

 

765

 

765

 

International

 

1,499

 

1,499

 

  

Fixed income funds:

 

  

 

  

 

  

Fixed-income - core plus

 

3,880

 

3,880

 

Intermediate duration

 

1,338

 

1,338

 

Common stock

 

510

 

510

 

Common/collective trusts - large-cap

 

620

 

 

620

Cash equivalents - money market

 

320

 

320

 

Total

$

12,040

$

11,420

$

620

Schedule of Expected Benefit Payments

(in thousands)

    

Payments 

2022

$

350

2023

 

346

2024

 

353

2025

 

348

2026

 

412

2027-2031

 

2,192

Total

$

4,001

Non-qualified Supplemental Executive Retirement Plan  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

(in thousands)

    

2021

    

2020

Change in benefit obligation:

 

  

 

  

Projected benefit obligation at beginning of year

$

2,969

$

2,979

Service cost

 

 

Interest cost

 

44

 

81

Actuarial (gain) loss

 

(147)

 

202

Benefits paid

 

(260)

 

(293)

Projected benefit obligation at end of year

$

2,606

$

2,969

Change in fair value of plan assets:

 

  

 

  

Fair value of plan assets at beginning of year

$

$

Expected return on plan assets

 

 

Contributions by employer

 

260

 

293

Benefits paid

 

(260)

 

(293)

Fair value of plan assets at end of year

$

$

Underfunded status

$

2,606

$

2,969

Amounts recognized in consolidated balance sheet

 

  

 

  

Other liabilities

$

2,606

$

2,969

Schedule of Net Benefit Costs

(in thousands)

    

2021

    

2020

Interest cost

$

44

$

81

Expected return on plan assets

 

 

Amortization of unrecognized actuarial loss

 

43

 

42

Net periodic benefit cost

$

87

$

123

(in thousands)

    

2021

    

2020

Net actuarial (gain) loss

$

(137)

$

202

Amortization of unrecognized actuarial loss

 

(43)

 

(42)

Total recognized in net periodic benefit cost and other comprehensive loss

$

(180)

$

160

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

(in thousands)

    

2021

    

2020

Accumulated other comprehensive loss at beginning of the year (pre-tax)

$

779

$

619

Actuarial (gain) loss

 

(137)

 

202

Amortization of actuarial loss

 

(43)

 

(42)

Accumulated other comprehensive loss at end of year (pre-tax)

$

599

$

779

Schedule of Assumptions Used

    

2021

    

2020

 

Discount rate beginning of year

 

1.56

%  

2.65

%

Discount rate end of year

 

2.12

 

1.56

Schedule of Expected Benefit Payments

(in thousands)

    

Payments

2022

$

260

2023

 

260

2024

 

260

2025

 

260

2026

 

231

2027-2031

 

2,027

Total

$

3,298