Note 12 - Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Retirement Benefits [Text Block]

Note 12 – Employee Benefit Plans

The following information for the three months ended March 31, 2021 and 2020 pertains to the Company's non-contributory defined benefit pension plan which was frozen in 2009. If lump sum payments exceed the service cost plus interest cost, an additional settlement charge will apply (dollars in thousands):

Components of Net Periodic Benefit Cost	Three Months Ended March 31,
	2021			2020
Service cost	$	—		$	—
Interest cost		22			38
Expected return on plan assets		(58	)		(71	)
Recognized loss due to settlement		23			30
Recognized net actuarial loss		45			35
Net periodic cost	$	32		$	32