Components of Net Periodic Pension Cost (Tables)

6 Months Ended

Jun. 30, 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			Three Months
	Ended			Ended
	June 30, 2020			June 30, 2019
	(dollars in thousands)
Service cost	$	-		$	-
Interest cost		91			113
Expected return on plan assets		(196	)		(174	)
Net amortization		76			90
Total periodic pension (income) cost	$	(29)		$	29

	Six Months			Six Months
	Ended			Ended
	June 30, 2020			June 30, 2019
	(dollars in thousands)
Service cost	$	-		$	-
Interest cost		182			226
Expected return on plan assets		(392	)		(348	)
Net amortization		151			179
Total periodic pension (income) cost	$	(59)		$	57