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Pension Plan (Tables)
12 Months Ended
Dec. 31, 2021
Pension Plan (Tables) [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]

 

2021

2020

Equity and index funds

68.8%

 68.2%

Fixed income funds

31.2

 31.8

 

100.0%

100.0%

 

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

In thousands

2021

 

2020

Level 1:

 

 

 

 

 

Equity and index funds

$

7,267

 

$

7,139

Fixed income funds

 

3,294

 

 

3,336

Total Level 1

 

10,561

   

10,475

Level 2

 

-

 

 

-

Level 3

 

-

 

 

-

Total pension plan assets

$

10,561

 

$

10,475

 

Schedule of Net Funded Status [Table Text Block]

In thousands

2021

 

2020

Change in benefit obligation:

 

 

 

 

 

Projected benefit obligation at

  beginning of year

$

15,145

 

$

14,258

Interest cost

 

351

 

 

       387

Actuarial (gain) loss

 

(311)

   

1,396

Settlements

 

(519)

 

 

-

Benefits paid

 

(611)

 

 

(896)

Projected benefit obligation at

  end of year

 

14,055

 

 

15,145

 

 

 

 

 

 

Change in plan assets:

         

Fair value of plan assets at

  beginning of year

 

10,475

 

 

10,148

Actual return on plan assets

 

    911

   

1,138

Company contributions

 

305

 

 

       85

Settlements

 

(519)

 

 

-

Benefits paid

 

(611)

 

 

(896)

Fair value of plan assets at end of

  year

 

10,561

 

 

10,475

           

Funded status (underfunded)

$

(3,494)

 

$

(4,670)

           

Amounts recognized in other

  accumulated comprehensive loss:

 

 

 

 

 

Net actuarial loss

$

8,001

 

$

9,051

Weighted average assumptions as of

  December 31:

 

 

 

 

 

Discount rate:

         

Components of cost

 

2.41%

 

 

3.20%

Benefit obligations

 

2.75%

   

2.41%

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

2022

 

2023

 

2024

 

2025

 

2026

 

$

1,229

 

$

864

 

$

925

 

$

864

 

$

952

 

Schedule of Net Benefit Costs [Table Text Block]

In thousands

2021

 

2020

Interest cost

$

351

 

$

387

Expected return on plan assets

 

(794)

   

(786)

Recognized loss due to settlements

 

297

 

 

-

Amortization of net actuarial loss

 

327

 

 

288

Net periodic pension cost (benefit)

$

181

 

$

(111)

 

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

In thousands

2021

 

2020

Balance at beginning of year

$

9,051

$

8,296

Net actuarial (gain) loss

(428)

1,043

Recognized loss

 

(622)

 

 

(288)

Balance at end of year

$

8,001

 

$

9,051