v3.25.4
Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Supplemental Retirement Plan  
Benefit plans  
Schedule of Components of Net Periodic Benefit Cost
The following table sets forth the SERP’s status at December 31:
20252024
(Dollars in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$25,311 $26,452 
Service cost174 205 
Actuarial loss (gain)862 (917)
Interest cost1,347 1,272 
Benefits paid(1,903)(1,701)
Projected benefit obligation at end of year$25,791 $25,311 
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss$2,746 $2,173 
Schedule of Weighted-average Assumptions Used to Determine the Benefit Obligation
Weighted-average assumptions used to determine the benefit obligation at year-end:
20252024
Discount rate5.16 %5.50 %
Rate of compensation increaseN/AN/A
Schedule of Estimated Benefit Payments Over the Next Ten Years, Which Reflect Anticipated Future Events, Service and Other Assumptions
Estimated benefit payments over the next ten years, which reflect anticipated future events, service and other assumptions, are as follows:
YearEstimated
Benefit
Payments
(Dollars in thousands)
2026$2,020 
20272,318 
20282,371 
20292,415 
20302,459 
2031 to 203512,661 
Schedule of Components of Net Periodic Benefit Cost
The following table presents the amount of periodic cost recognized for the periods indicated:
Year Ended
December 31,
20252024
(Dollars in thousands)
Components of net periodic benefit cost:
Service cost$174 $205 
Interest cost1,347 1,272 
Amortization of net actuarial loss48 104 
Net periodic benefit cost$1,569 $1,581 
Amount recognized in other comprehensive (loss) income$(573)$719 
Schedule of Assumption Used to Determine the Net Periodic Benefit Cost
Net periodic benefit cost for the years ended December 31, 2025 and 2024 were determined using the following assumption:
20252024
Discount rate5.50 %4.95 %
Rate of compensation increaseN/AN/A
Split-Dollar Life Insurance Benefit Plan  
Benefit plans  
Schedule of Components of Net Periodic Benefit Cost
The following table sets forth the funded status of the split-dollar life insurance benefits for the periods indicated:
December 31,
2025		December 31,
2024
(Dollars in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$6,616 $6,951 
Interest cost364 344 
Actuarial loss(300)(679)
Projected benefit obligation at end of period$6,680 $6,616 
Schedule of Weighted-average Assumptions Used to Determine the Benefit Obligation
Weighted-average assumption used to determine the benefit obligation at year-end follow:
20252024
Discount rate5.16 %5.50 %
Schedule of Components of Net Periodic Benefit Cost
Components of net periodic benefit cost during the periods indicated are:
Year Ended
December 31,
20252024
(Dollars in thousands)
Amortization of prior transition obligation
      and actuarial losses$(258)$(209)
Interest cost364 344 
Net periodic benefit cost$106 $135 
Amount recognized in other comprehensive income$43 $470 
Schedule of Assumption Used to Determine the Net Periodic Benefit Cost
Weighted-average assumption used to determine the net periodic benefit cost:
20252024
Discount rate5.50 %4.95 %
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in accumulated other comprehensive loss at periods indicated consist of:
December 31,
2025		December 31,
2024
(Dollars in thousands)
Net actuarial loss$1,775 $1,728 
Prior transition obligation521 611 
Accumulated other comprehensive loss$2,296 $2,339