Defined Benefit Plan

3 Months Ended

Mar. 31, 2012

Defined Benefit Plan [Abstract]

Defined Benefit Plan

Note 7: Defined Benefit Plan

Components of Net Periodic Benefit Cost:

	Pension Benefits
	Three Months ended March 31,
	2012			2011
Service cost	$	117		$	109
Interest cost		185			176
Expected return on plan assets		(269	)		(203	)
Amortization of prior service cost		(25	)		(25	)
Recognized net actuarial loss		127			73
Net periodic benefit cost	$	135		$	130

2012 Plan Year Employer Contribution

Without considering the prefunding balance, NBI’s minimum required contribution to the National Bankshares, Inc. Retirement Income Plan (the “Plan”) is $733. Considering the prefunding balance, the 2012 minimum required contribution is $0. The Company elected to contribute $183 to the Plan in the quarter ended March 31, 2012.