EMPLOYEE BENEFIT PLANS |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Retirement Benefits [Abstract] | |
| EMPLOYEE BENEFIT PLANS | Note 19—EMPLOYEE BENEFIT PLANS The Company maintains a 401(k) plan, which covers substantially all employees. Participants may contribute up to the maximum allowed by the regulations. During the years ended December 31, 2025, 2024 and 2023, the plan expense amounted to $744 thousand, $698 thousand, and $659 thousand, respectively. The Company matches 100% of the employees’ contribution up to 3% and 50% of the employees’ contribution on the next 2% of the employees’ contribution. The Company acquired various single premium life insurance policies from DutchFork Bancshares that are used to indirectly fund fringe benefits to certain employees and officers. A salary continuation plan was established payable for two key individuals upon attainment of age . The plan provides for monthly benefits of $ each for years for two individuals. The Company acquires various life insurance policies to fund fringe benefits to certain key employees. The cash surrender value at December 31, 2025 and 2024 of all bank owned life insurance was $31.8 million and $31.0 million, respectively. Expenses accrued for the anticipated benefits under the salary continuation plans for the year ended December 31, 2025, 2024 and 2023 amounted to $405 thousand, $417 thousand, and $482 thousand, respectively. |