Components of Net Periodic Pension Cost (Tables)

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until June 30, 2007, at which time the Company froze the plan. The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated.

	Three Months Ended						Affected Line Item in the Consolidated
	March 31,						Statements of Income
	2020			2019
	(dollars in thousands)
Service cost	$	-		$	-
Interest cost		91			113		Other components of net periodic pension expense
Expected return on plan assets		(196	)		(174	)	Other components of net periodic pension expense
Net amortization		75			89		Other components of net periodic pension expense
Total periodic pension (income) cost	$	(30)		$	28