v3.25.0.1
RETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of information pertaining to the defined benefit retirement plan
The following tables set forth information pertaining to the SERP for the periods presented:

Year Ended December 31,
(Dollars in thousands)20242023
Change in benefit obligation  
Benefit obligation at beginning of year$9,274 $9,220 
Interest cost434 448 
Actuarial (gains) losses(378)181 
Benefits paid(575)(575)
Benefit obligation at end of year8,755 9,274 
Change in plan assets  
Fair value of plan assets at beginning of year— — 
Employer contributions575 575 
Benefits paid(575)(575)
Fair value of plan assets at end of year— — 
Funded status at end of year$(8,755)$(9,274)
Amounts recognized in AOCI 
Net actuarial losses$426 $106 
Total amounts recognized in AOCI$426 $106 
Benefit obligation actuarial assumptions  
Weighted-average discount rate5.2 %4.8 %
Year Ended December 31,
(Dollars in thousands)202420232022
Components of net periodic benefit cost
Interest cost$432 $448 $301 
Amortization of net actuarial (gains) losses(2)(74)79 
Amortization of net transition obligation— 7 18 
Net periodic benefit cost$430 $381 $398 
Net periodic cost actuarial assumptions
Weighted-average discount rate4.9 %5.1 %2.7 %
Schedule of estimated future benefit payments
Estimated future benefit payments reflecting expected future service for the SERP in each of the next five years and thereafter are as follows:

(Dollars in thousands)
Year Ending December 31:
2025$574 
2026569 
2027563 
2028954 
20291,026 
Thereafter5,069 
Total$8,755