EMPLOYEE BENEFIT PLANS (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Pension Plans |
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| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
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| 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 |
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| 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) |
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| 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 |
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| 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 | |
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| 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 |
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| 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 |
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| Non-qualified Supplemental Executive Retirement Plan |
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| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
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| 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 |
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| 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 |
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| 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 |
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| Schedule of Assumptions Used |
| | | | | | | | 2021 | | 2020 | | Discount rate beginning of year | | 1.56 | % | 2.65 | % | Discount rate end of year | | 2.12 | | 1.56 | |
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| 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 |
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