XML 49 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 8 - Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
   
December 31
,
 
   
201
7
   
201
6
   
201
5
 
Change in benefit obligatio
n
 
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation at beginning of year
 
$
21,059
    $
20,427
    $
19,324
 
Service cost
 
 
692
     
694
     
620
 
Interest cost
 
 
743
     
757
     
669
 
Actuarial loss
 
 
1,417
     
198
     
798
 
Benefits paid
 
 
(419
)
   
(1,017
)
   
(984
)
Projected benefit obligation at end of year
 
$
23,492
    $
21,059
    $
20,427
 
                         
Change in plan asset
s
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
17,038
    $
16,131
    $
17,130
 
Actual return on plan assets
 
 
2,302
     
1,113
     
(155
)
Employer contribution
 
 
4,507
     
811
     
140
 
Benefits paid
 
 
(419
)
   
(1,017
)
   
(984
)
Fair value of plan assets at end of year
 
$
23,428
    $
17,038
    $
16,131
 
                         
Funded status at the end of the yea
r
 
$
(64
)
  $
(4,021
)
  $
(4,296
)
                         
Amounts recognized in the Consolidated Balance Shee
t
 
 
 
 
 
 
 
 
 
 
 
 
Deferred tax asset
 
$
13
    $
1,407
    $
1,504
 
Other liabilities
 
 
(64
)
   
(4,021
)
   
(4,296
)
Total amounts recognized in the Consolidated Balance Sheet
 
$
(51
)
  $
(2,614
)
  $
(2,792
)
                         
Amounts recognized in accumulated
other comprehensive (loss), ne
t
 
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss)
 
$
(7,923
)
  $
(8,250
)
  $
(8,627
)
Prior service cost
 
 
340
     
449
     
559
 
Deferred tax asset
 
 
1,592
     
2,730
     
2,798
 
Amount
recognized
 
$
(5,991
)
  $
(5,071
)
  $
(5,270
)
                         
Accrued/Prepaid benefit cost, ne
t
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation
 
$
(23,492
)
  $
(21,059
)
  $
(20,427
)
Fair value of assets
 
 
23,428
     
17,038
     
16,131
 
Unrecognized net actuarial loss
 
 
7,923
     
8,250
     
8,627
 
Unrecognized prior service cost
 
 
(340
)
   
(449
)
   
(559
)
Deferred tax liability
 
 
(1,579
)
   
(1,323
)
   
(1,294
)
Prepaid benefit cost included in other assets
 
$
5,940
    $
2,457
    $
2,478
 
                         
Components of net periodic benefit cos
t
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
692
    $
694
    $
620
 
Interest
cost
 
 
743
     
757
     
669
 
Expected return on plan assets
 
 
(1,097
)
   
(1,110
)
   
(1,166
)
Amortization of prior service cost
 
 
(110
)
   
(110
)
   
(110
)
Recognized net actuarial loss
 
 
540
     
572
     
414
 
Net periodic benefit cost
 
$
768
    $
803
    $
427
 
                         
Other changes in plan assets and benefit obligations recognized in other comprehensive los
s
 
 
 
 
 
 
 
 
 
 
 
 
Net (gain) loss
 
$
(328
)
  $
(377
)
  $
1,705
 
Amortization of prior service cost
 
 
110
     
110
     
110
 
Deferred income tax expense (benefit)
 
 
46
     
93
     
(635
)
Total recognized
 
$
(172
)
  $
(174
)
  $
1,180
 
                         
Total recognized in net periodic benefit cost and other comprehensive loss
 
$
550
    $
536
    $
2,242
 
                         
Weighted average assumptions at end of the yea
r
 
 
 
 
 
 
 
 
 
 
 
 
Discount
rate used for net periodic pension cost
 
 
4.00
%
   
4.00
%
   
3.75
%
Discount rate used for disclosure
 
 
3.50
%
   
4.00
%
   
4.00
%
Expected return on plan assets
 
 
7.50
%
   
7.50
%
   
7.50
%
Rate of compensation increase
 
 
3.00
%
   
3.00
%
   
3.00
%
Schedule of Allocation of Plan Assets [Table Text Block]
   
Fair Value Measurements at
December 31, 20
1
7
 



Asset Category
 
Total
   
Quoted Prices in Active Markets for Identical Assets (Level 1)
   
Significant Observable Inputs (Level 2)
   
Significant Unobservable Inputs (Level 3)
 
Cash
 
$
4,454
   
$
4,454
   
$
---
   
$
---
 
Equity securities:
                               
U. S. companies
 
 
9,892
   
 
9,892
   
 
---
   
 
---
 
International companies
 
 
106
   
 
106
   
 
---
   
 
---
 
Equities mutual funds
(1)
 
 
1,962
   
 
1,962
   
 
---
   
 
---
 
U. S. government agencies and corporations
 
 
51
   
 
---
   
 
51
   
 
---
 
State and political subdivisions
 
 
231
   
 
---
   
 
231
   
 
---
 
Corporate bonds
– investment grade
(2)
 
 
6,732
   
 
---
   
 
6,732
   
 
---
 
Total pension plan assets
 
$
23,428
   
$
16,414
   
$
7,014
   
$
---
 
   
Fair Value Measurements at
December 31, 20
1
6
 



Asset Category
 
Total
   
Quoted Prices in Active Markets for Identical Assets (Level 1)
   
Significant Observable Inputs (Level 2)
   
Significant Unobservable Inputs (Level 3)
 
Cash
  $
207
    $
207
    $
---
    $
---
 
Equity securities:
                               
U. S. companies
   
9,195
     
9,195
     
---
     
---
 
International companies
   
116
     
116
     
---
     
---
 
Equities mutual funds
(1)
   
966
     
966
     
---
     
---
 
U. S. government agencies and corporations
   
53
     
---
     
53
     
---
 
State and political subdivisions
   
230
     
---
     
230
     
---
 
Corporate bonds
– investment grade
(2)
   
6,271
     
---
     
6,271
     
---
 
Total pension plan assets
  $
17,038
    $
10,484
    $
6,554
    $
---
 
Schedule of Expected Benefit Payments [Table Text Block]
201
8
 
 
 
$
4,229
 
201
9
 
 
 
$
1,060
 
2020
 
 
 
$
1,630
 
202
1
 
 
 
$
738
 
20
22
 
 
 
$
1,277
 
2023
-
2027
 
$
6,546