v3.21.1

DEFINED BENEFIT PENSION PLAN (Details) $ in Thousands	3 Months Ended	12 Months Ended
DEFINED BENEFIT PENSION PLAN (Details) $ in Thousands	Mar. 31, 2021 USD ($) item	Dec. 31, 2020
Defined Benefit Pension Plan
Number of years over which anticipated pension distributions disclosed \| item	5
Anticipated distributions from the plan
2021	$ 133
2022	140
2023	144
2024	142
2025	157
2026-2030	901
Total	1,617
Peninsula Financial Corporation noncontributory defined benefit pension plan
Defined Benefit Pension Plan
Expected contributions to the plan next fiscal year	57
Change in plan assets
Fair value of plan assets at end of year	2,264
Accrued pension expense, included with other assets or liabilities	1,370
Accumulated benefit obligation	$ 3,634
Assumptions in the actuarial valuation
Weighted average discount rate	2.45%	2.45%
Rate of increase in future compensation levels
Expected long-term rate of return on plan assets	2.00%	2.00%
Peninsula Financial Corporation noncontributory defined benefit pension plan \| Equity securities \| Minimum
Plan assets
Target Allocation	50.00%	50.00%
Peninsula Financial Corporation noncontributory defined benefit pension plan \| Equity securities \| Maximum
Plan assets
Target Allocation	70.00%	70.00%
Peninsula Financial Corporation noncontributory defined benefit pension plan \| Equity securities \| Plan
Plan assets
Actual Allocation	36.00%	36.00%
Peninsula Financial Corporation noncontributory defined benefit pension plan \| Fixed income securities \| Minimum
Plan assets
Target Allocation	30.00%	30.00%
Peninsula Financial Corporation noncontributory defined benefit pension plan \| Fixed income securities \| Maximum
Plan assets
Target Allocation	50.00%	50.00%
Peninsula Financial Corporation noncontributory defined benefit pension plan \| Fixed income securities \| Plan
Plan assets
Actual Allocation	64.00%	64.00%

Represents the number of years over which the anticipated distributions on pension plans is being disclosed

+ References

No definition available.

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- Definition

Amount of benefit for defined benefit plan expected to be paid in four fiscal years after fourth fiscal year following current fiscal year.

+ References

No definition available.

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- Definition

Amount of benefits from a defined benefit plan expected to be paid. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

No definition available.

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- Definition

The aggregate net amount recognized in the balance sheet for the prepaid (accrued) expense associated with the defined benefit plan(s).

+ References

No definition available.

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- Definition

Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level.

+ References

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- Definition

Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan.

+ References

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- Definition

Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan.

+ References

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- Definition

Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan.

+ References

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- Definition

A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.

+ References

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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- References

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- Definition

Amount of benefit for defined benefit plan expected to be paid in next fiscal year following current fiscal year.

+ References

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- Definition

Amount of benefit for defined benefit plan expected to be paid in remainder of current fiscal year.

+ References

No definition available.

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- Definition

Amount of benefit for defined benefit plan expected to be paid in fourth fiscal year following current fiscal year.

+ References

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- Definition

Amount of benefit for defined benefit plan expected to be paid in third fiscal year following current fiscal year.

+ References

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- Definition

Amount of benefit for defined benefit plan expected to be paid in second fiscal year following current fiscal year.

+ References

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- Definition

Amount of contribution expected to be received by defined benefit plan from employer in next fiscal year following current fiscal year.

+ References

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- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References

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- References

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- Definition

Percentage of target investment allocation to total plan assets. Includes, but is not limited to, percentage on weighted-average basis if more than one plan.

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- Definition

Percentage of actual investment allocation to total plan assets. Includes, but is not limited to, percentage on weighted-average basis if more than one plan.

+ References

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- References

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MACKINAC FINANCIAL CORP /MI/ 10-Q