Note 7 - Defined Benefit Plan

3 Months Ended

Mar. 31, 2014

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 Three Months Ended March 31,
	2014			2013
Service cost	$	131		$	149
Interest cost		166			154
Expected return on plan assets		(278	)		(246	)
Amortization of prior service cost		(27	)		(25	)
Recognized net actuarial loss		65			133
Net periodic benefit cost	$	57		$	165

2014 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 $396. Considering the prefunding balance, the 2014 minimum required contribution is $0. The Company elected to contribute $109 to the Plan during the three months ended March 31, 2014, for the plan year 2013.