Components of Net Periodic Pension Cost (Tables)

9 Months Ended

Sep. 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
	September 30, 2020			September 30, 2019
	(dollars in thousands)
Service cost	$	-		$	-
Interest cost		91			113
Expected return on plan assets		(196	)		(174	)
Net amortization		75			90
Total periodic pension (income) cost	$	(30	)	$	29

	Nine Months			Nine Months
	Ended			Ended
	September 30, 2020			September 30, 2019
	(dollars in thousands)
Service cost	$	-		$	-
Interest cost		273			339
Expected return on plan assets		(588	)		(522	)
Net amortization		226			269
Total periodic pension (income) cost	$	(89)		$	86