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Pension Plans (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of information related to the retirement plan
   2022   2021 
Changes in plan assets:        
Fair value of plan assets, beginning  $19,987   $17,588 
Actual gains (losses)   (3,315)   2,399 
Benefits paid   (784)   (763)
Company contributions   800    763 
Participant contributions   
    
 
Fair value of plan assets, ending  $16,688   $19,987 
Less: projected accumulated benefit obligation  $17,956   $23,828 
Funded status, (underfunded)/overfunded  $(1,268)  $(3,841)
           
Amounts recognized in the consolidated balance sheets:          
Other liabilities  $(1,268)  $(3,841)
Accumulated other comprehensive (gain) loss  $(1,166)  $574 
           
Assumptions used in computation of benefit obligations:          
Discount rate   5.15%   2.80%
Expected long-term return on plan assets   6.50%   5.75%
Rate of compensation increase   
    
 

 

Schedule of net periodic benefit costs
   Years Ended December 31, 
   2022   2021   2020 
Components of net periodic benefit costs are as follows:            
Service cost  $404   $436   $405 
Interest cost   655    605    690 
Amortization of net loss   
    98    
 
Expected return on plan assets   (1,090)   (952)   (903)
Net periodic (benefit) cost  $(31)  $187   $192 

 

Schedule of expected benefit payments

December 31:

    
2023  $950 
2024   980 
2025   1,040 
2026   1,050 
2027   1,070 
2028-32   6,030 
   $11,120 

 

Schedule of information related to the retirement plan
   2022   2021 
Amounts at the end of the year:        
Accumulated/projected benefit obligation  $3,907   $4,313 
Fair value of plan assets   
    
 
Funded status, (underfunded)/overfunded  $(3,907)  $(4,313)
           
Amounts recognized in the consolidated balance sheets:          
Accrued liabilities  $(310)  $(210)
Other liabilities  $(3,597)  $(4,103)
Accumulated other comprehensive (income) loss  $(656)  $(290)
           
Discount rate used in computation of benefit obligations   4.95%   2.50%

 

Schedule of net periodic benefit costs
   Years Ended December 31, 
   2022   2021   2020 
Components of net periodic benefit costs are as follows:            
Service cost  $26   $42   $54 
Interest cost   105    105    151 
Amortization of prior service cost   
    25    30 
Net periodic benefit cost  $131   $172   $235 
Amounts recognized in the plan for the year:               
Participant contributions  $43   $32   $26 
Benefits paid  $215   $217   $200 

 

Schedule of expected benefit payments
December 31:    
2023  $310 
2024   340 
2025   350 
2026   410 
2027   420 
2028-2032   1,760 
   $3,590