(11) Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Schedule of reconciliation of the change in the plan's benefit obligations

	December 31,
	2021			2020
	(In thousands)
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of year	$	24,678		$	22,997
Interest cost		553			693
Assumption changes		(1,074	)		2,418
Actuarial (gain) loss		(222	)		(89	)
Settlements		(865	)		–
Benefits paid		(790	)		(1,341	)
Projected benefit obligation, end of year	$	22,280		$	24,678
Change in Plan Assets
Fair value of plan assets, beginning of year	$	18,165		$	15,910
Return on assets		8,703			2,775
Employer contribution		1,124			1,161
Expenses		(239	)		(340	)
Settlements		(865	)		–
Benefits paid		(790	)		(1,341	)
Fair value of plan assets, end of year	$	26,098		$	18,165
Funded Status at end of year	$	3,818		$	(6,513	)

Schedule of weighted average assumptions used to determine pension benefit obligations

	December, 31
	2021		2020
Weighted average assumptions used to determine benefit obligations
Discount rate		2.65%		2.28%
Weighted average assumptions used to determine net periodic benefit cost
Discount rate		2.28%		3.07%
Expected return on plan assets		7.25%		7.25%

Schedule of components of net periodic benefit cost

	December 31,
	2021			2020			2019
	(In thousands)
Amounts recognized on Consolidated Balance Sheet
Other assets	$	3,818		$	–		$	–
Other liabilities		–			(6,513	)		(7,087	)
Net amount recognized	$	3,818		$	(6,513	)	$	(7,087	)
Amounts recognized in accumulated other comprehensive loss consists of:
Net loss	$	3,794		$	13,297		$	13,092
Unrecognized transition asset		–			–			–
Net amount recognized	$	3,794		$	13,297		$	13,092
Components of net periodic benefit cost
Interest cost	$	553		$	693		$	808
Expected return on assets		(1,301	)		(1,150	)		(1,012	)
Amortization of transition asset		–			–			–
Amortization of net loss		896			839			376
Net periodic benefit cost		148			382			172
Settlement (gain)/loss		(865	)		–			–
Total	$	(717	)	$	382		$	172
Benefit Obligation Recognized in Other Comprehensive Loss (Income)
Net loss (gain)	$	(9,503	)	$	205		$	1,197
Prior service cost (credit)		–			–			–
Amortization of prior service cost		–			–			–
Net amount recognized in other comprehensive loss (income)	$	(9,503	)	$	205		$	1,197

Schedule of weighted average asset allocation of our pension benefits

	December 31,
	2021			2020
Weighted Average Asset Allocation at Year-End
Asset Category
Equity securities		78	%		82	%
Debt securities		22	%		18	%
Cash and cash equivalents		0	%		0	%
Total		100	%		100	%

Schedule of estimated Future Benefit Payments

Cash Flows
Estimated Future Benefit Payments (In thousands)
2022	$	904
2023		934
2024		957
2025		989
2026		1,034
Years 2027 - 2031		5,605
Anticipated Contributions in 2022	$	–

Schedule of fair value of plan assets

	December 31, 2021
	Level 1 (1)		Level 2 (2)		Level 3 (3)		Total
Investment Name:	(in thousands)
Company Common Stock	$	10,472	$	–	$	–	$	10,472
Large Cap Value		–		2,933		–		2,933
Mid Cap Index		–		836		–		836
Small Cap Growth		–		714		–		714
Small Cap Value		–		868		–		868
Large Cap Blend		–		859		–		859
Growth		–		2,915		–		2,915
International Growth		–		3,036		–		3,036
Core Bond		–		2,316		–		2,316
High Yield		–		473		–		473
Inflation Protected Bond		–		641		–		641
Money Market		–		35		–		35
Total	$	10,472	$	15,626	$	–	$	26,098

	December 31, 2020
	Level 1 (1)		Level 2 (2)		Level 3 (3)		Total
Investment Name:	(in thousands)
Company Common Stock	$	3,811	$	–	$	–	$	3,811
Large Cap Value		–		2,523	$	–		2,523
Mid Cap Index		–		757		–		757
Small Cap Growth		–		765		–		765
Small Cap Value		–		785		–		785
Large Cap Blend		–		691		–		691
Growth		–		2,342		–		2,342
International Growth		–		3,003		–		3,003
Core Bond		–		1,809		–		1,809
High Yield		–		381		–		381
Inflation Protected Bond		–		485		–		485
Money Market		–		813	$	–		813
Total	$	3,811	$	14,354	$	–	$	18,165