Employee Benefits |
12 Months Ended |
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Dec. 31, 2020 | |
Employee Benefits | |
Employee Benefits | Note 20: Employee Benefits The Company offers employees a 401(k) plan. Pursuant to the plan agreement, matching contributions equal to 100% of the employees’ elective deferrals which do not exceed 3% of the employees’ compensation will be made unless management elects to make either the alternative matching contribution or the non-elective contribution. Employer contributions to the plans were $859,000, $629,000, and $464,000 for the years ended December 31, 2020, 2019, and 2018, respectively. The Company established an employee stock ownership plan (“ESOP”) effective as of January 1, 2020 to provide certain benefits for all employees who meet certain requirements. Expense recognized for the contribution to the ESOP totaled $537,000 for the year ended December 31, 2020. The Company contributed 19,433 shares to the ESOP in January 2021. |