Note 7 - Defined Benefit Plan

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 7: Defined Benefit Plan

Components of Net Periodic Benefit Cost

	Pension Benefits
	Six Months Ended June 30,
	2013			2012
Service cost	$	298		$	234
Interest cost		308			370
Expected return on plan assets		(492	)		(538	)
Amortization of prior service cost		(50	)		(50	)
Recognized net actuarial loss		266			254
Net Periodic Benefit Cost	$	330		$	270

2013 Plan Year Employer Contribution

Without considering the prefunding balance, the Company’s minimum required contribution to the National Bankshares, Inc. Retirement Income Plan (the “Plan”) is $815. Considering the prefunding balance, the 2013 minimum required contribution is $0. The Company elected to contribute $346 to the Plan during the six months ended June 30, 2013.