Note 7 - Defined Benefit Plan

9 Months Ended

Sep. 30, 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
	Nine Months Ended September 30,
	2014			2013
Service cost	$	393		$	447
Interest cost		498			462
Expected return on plan assets		(834	)		(738	)
Amortization of prior service cost		(81	)		(75	)
Recognized net actuarial loss		195			399
Net periodic benefit cost	$	171		$	495

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 $303 to the Plan during the nine months ended September 30, 2014.