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Pension Plan (Tables)
12 Months Ended
Dec. 31, 2020
Pension Plan (Tables) [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]

 

2020

2019

Equity and index funds

  68.2%

  69.3%

Fixed income funds

  31.8

  30.7

 

100.0%

100.0%

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

In thousands

2020

 

2019

Level 1:

 

 

 

 

 

Equity and index funds

$

7,139

$

7,028

Fixed income funds

 

3,336

 

 

3,120

Total Level 1

10,475

10,148

Level 2

 

-

 

 

-

Level 3

 

-

 

 

-

Total pension plan assets

$

10,475

 

$

10,148

Schedule of Net Funded Status [Table Text Block]

In thousands

2020

 

2019

Change in benefit obligation:

 

 

 

 

 

Projected benefit obligation at

  beginning of year

$

14,258

$

12,965

Interest cost

 

387

 

 

        501

Actuarial loss

1,396

1,565

Benefits paid

 

(896)

 

 

(773)

Projected benefit obligation at

  end of year

 

15,145

 

 

14,258

 

 

 

 

 

 

Change in plan assets:

Fair value of plan assets at

  beginning of year

 

10,148

 

 

8,647

Actual return on plan assets

     1,138

1,645

Company contributions

 

85

 

 

        629

Benefits paid

 

(896)

 

 

(773)

Fair value of plan assets at end of

  year

 

10,475

 

 

10,148

Funded status (underfunded)

$

(4,670)

 

$

(4,110)

Amounts recognized in other

  accumulated comprehensive loss:

 

 

 

 

 

Net actuarial loss

$

9,051

 

$

8,296

Weighted average assumptions as of

  December 31:

 

 

 

 

 

Discount rate:

Components of cost

 

3.20%

 

 

4.30%

Benefit obligations

2.41%

3.20%

Expected return on plan assets

 

8.00%

 

 

8.00%

Rate of compensation increase

 

N/A

 

 

N/A

Schedule of Expected Benefit Payments [Table Text Block]

In thousands

2021

 

2022

 

2023

 

2024

 

2025

 

$

1,274

 

$

737

 

$

877

 

$

971

 

$

876

Schedule of Net Benefit Costs [Table Text Block]

In thousands

2020

 

2019

Interest cost

$

387

$

501

Expected return on plan assets

(786)

(682)

Amortization of net actuarial loss

 

288

 

 

264

Net periodic pension (benefit) cost

$

(111)

 

$

83

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

In thousands

2020

 

2019

Balance at beginning of year

$

8,296

$

7,954

Net actuarial loss

1,043

606

Recognized loss

 

(288)

 

 

(264)

Balance at end of year

$

9,051

 

$

8,296