v3.25.4
EMPLOYEE AND POSTRETIREMENT BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of funded status of the defined benefit plans

  ​ ​ ​

Pension

  ​ ​ ​

Postretirement

(In Thousands)

  ​ ​ ​

2025

2024

  ​ ​ ​

2025

2024

CHANGE IN BENEFIT OBLIGATION:

Benefit obligation at beginning of year

$

938

$

896

$

586

$

1,013

Service cost

 

0

 

0

 

5

 

6

Interest cost

 

33

 

29

 

26

 

31

Plan participants' contributions

 

0

 

0

 

103

 

118

Actuarial loss (gain)

 

33

 

18

 

(54)

 

10

Gain from plan amendments

0

0

0

(413)

Benefits paid

(5)

(5)

(152)

(179)

Settlement of plan obligation

 

(659)

 

0

 

0

 

0

Benefit obligation at end of year

$

340

$

938

$

514

$

586

CHANGE IN PLAN ASSETS:

Fair value of plan assets at beginning of year

$

977

$

946

$

0

$

0

Actual return on plan assets

 

27

 

36

 

0

 

0

Employer contribution

 

0

 

0

 

49

 

61

Plan participants' contributions

 

0

 

0

 

103

 

118

Benefits paid

(5)

(5)

(152)

(179)

Settlement of plan obligation

 

(659)

 

0

 

0

 

0

Fair value of plan assets at end of year

$

340

$

977

$

0

$

0

Funded status at end of year

$

0

$

39

$

(514)

$

(586)

Schedule of pension plan and postretirement plan liability amounts were recognized in the consolidated balance sheets

Pension

Postretirement

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Accrued interest and other liabilities

$

0

$

39

$

514

$

586

Summary of items not yet recognized as a component of net periodic benefit cost

  ​ ​ ​

Pension

Postretirement

(In Thousands)

  ​ ​ ​

2025

2024

  ​ ​ ​

2025

2024

Prior service cost

$

0

$

0

$

(48)

$

(56)

Net actuarial loss (gain)

 

48

131

 

(454)

(486)

Total

$

48

$

131

$

(502)

$

(542)

Summary of components of net periodic benefit costs from defined benefit plans

  ​ ​ ​

Pension

Postretirement

(In Thousands)

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

Service cost

$

0

$

0

$

0

$

5

$

6

$

54

Interest cost

 

33

29

31

 

26

31

48

Expected return on plan assets

 

(9)

(16)

(18)

 

0

0

0

Amortization of prior service cost

 

0

0

0

 

(8)

(12)

(31)

Recognized net actuarial loss (gain)

 

5

6

11

 

(86)

(77)

(36)

Effect of curtailment

0

0

0

0

(469)

0

Settlement of plan obligation

93

0

21

0

0

0

Total net periodic benefit cost

$

122

$

19

$

45

$

(63)

$

(521)

$

35

Schedule of weighted-average assumptions used to determine net periodic benefit cost

  ​ ​ ​

Pension

Postretirement

 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2025

  ​ ​ ​

2024

 

2023

 

Discount rate

 

5.35

%  

4.80

%  

5.05

%  

5.00

%  

5.00

%  

5.25

%

Expected return on plan assets

 

2.88

%  

5.00

%  

4.22

%  

N/A

 

N/A

 

N/A

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

  ​ ​ ​

Pension

  ​ ​ ​

Postretirement

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Discount rate

 

5.35

%  

5.35

%  

4.98

%  

5.29

%

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

N/A

Schedule of Estimated future benefit payments

(In Thousands)

Postretirement

2026

$

55

2027

 

55

2028

 

56

2029

 

51

2030

 

47

2031-2035

 

206

Schedule of stock-based compensation expense

(In Thousands)

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

Restricted stock

$

1,287

$

1,494

$

1,472

Stock options

 

0

0

0

Total

$

1,287

$

1,494

$

1,472

Summary of non-vested restricted stock activity

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

Average

Number

Grant Date

  ​ ​ ​

of Shares

  ​ ​ ​

Fair Value

Outstanding, December 31, 2024

 

137,824

$

21.80

Granted

 

56,417

$

21.43

Vested

 

(63,139)

$

22.69

Forfeited

 

(7,898)

$

21.63

Outstanding, December 31, 2025

 

123,204

$

21.19

Summary of stock option activity

  ​ ​ ​

2024

2023

Weighted

Weighted

Average

Average

Exercise

Exercise

  ​ ​ ​

Shares

  ​ ​ ​

Price

Shares

  ​ ​ ​

Price

Outstanding, beginning of year

 

646

$

20.45

 

10,564

$

20.45

Granted

 

0

 

0

 

0

 

0

Exercised

 

0

0

 

(8,288)

$

20.45

Forfeited

 

0

0

 

(1,630)

$

20.45

Expired

 

(646)

$

20.45

 

0

0

Outstanding, end of year

 

0

$

0

 

646

$

20.45

Options exercisable at year-end

 

0

$

0

 

646

$

20.45

Weighted-average fair value of options forfeited

 

$

N/A

 

$

5.50

Restricted Stock  
Notes Tables  
Summary of awarded shares of restricted stock under the Stock Incentive Plan,

  ​ ​ ​

2025

  ​ ​ ​

2024

Time-based awards to independent directors

13,456

10,000

Time-based awards to employees

 

31,113

 

63,514

Performance-based awards to employees

 

11,848

 

19,346

Total

 

56,417

 

92,860