Note 8 - Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

	December 31,
	2018			2017			2016
Change in benefit obligation
Projected benefit obligation at beginning of year	$	23,492		$	21,059		$	20,427
Service cost		868			692			694
Interest cost		802			743			757
Actuarial loss		(423	)		1,417			198
Benefits paid		(1,051	)		(419	)		(1,017	)
Projected benefit obligation at end of year	$	23,688		$	23,492		$	21,059

Change in plan assets
Fair value of plan assets at beginning of year	$	23,428		$	17,038		$	16,131
Actual return on plan assets		(591	)		2,302			1,113
Employer contribution		---			4,507			811
Benefits paid		(1,051	)		(419	)		(1,017	)
Fair value of plan assets at end of year	$	21,786		$	23,428		$	17,038

Funded status at the end of the year	$	(1,902	)	$	(64	)	$	(4,021	)

Amounts recognized in the Consolidated Balance Sheet
Deferred tax asset	$	399		$	13		$	1,407
Other liabilities		(1,902	)		(64	)		(4,021	)
Total amounts recognized in the Consolidated Balance Sheet	$	(1,503	)	$	(51	)	$	(2,614	)

Amounts recognized in accumulated other comprehensive (loss), net
Net loss	$	(9,107	)	$	(7,923	)	$	(8,250	)
Prior service cost		230			340			449
Deferred tax asset		1,864			1,592			2,730
Amount recognized	$	(7,013	)	$	(5,991	)	$	(5,071	)

Accrued/Prepaid benefit c ost, net
Benefit obligation	$	(23,688	)	$	(23,492	)	$	(21,059	)
Fair value of assets		21,786			23,428			17,038
Unrecognized net actuarial loss		9,107			7,923			8,250
Unrecognized prior service cost		(230	)		(340	)		(449	)
Deferred tax liability		(1,465	)		(1,579	)		(1,323	)
Prepaid benefit cost included in other assets	$	5,510		$	5,940		$	2,457

Components of net periodic benefit cost
Service cost	$	868		$	692		$	694
Interest cost		802			743			757
Expected return on plan assets		(1,601	)		(1,097	)		(1,110	)
Amortization of prior service cost		(110	)		(110	)		(110	)
Recognized net actuarial loss		585			540			572
Net periodic benefit cost	$	544		$	768		$	803

Other changes in plan assets and benefit obligations recognized in other comprehensive loss
Net (gain) loss	$	1,184		$	(328	)	$	(377	)
Amortization of prior service cost		110			110			110
Deferred income tax expense (benefit)		(272	)		46			93
Total recognized	$	1,022		$	(172	)	$	(174	)

Total recognized in net periodic benefit cost and other comprehensive loss	$	1,838		$	550		$	536

Weighted average assumptions at end of the year
Discount rate used for net periodic pension cost		3.50	%		4.00	%		4.00	%
Discount rate used for disclosure		4.00	%		3.50	%		4.00	%
Expected return on plan assets		7.50	%		7.50	%		7.50	%
Rate of compensation increase		3.00	%		3.00	%		3.00	%

	Fair Value Measurements at December 31, 2018
Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	1,917	$	1,917	$	---	$	---
Equity securities:
U. S. companies		8,782		8,782		---		---
International companies		471		471		---		---
Equities mutual funds (1)		2,174		2,174		---		---
U. S. government agencies and corporations		50		---		50		---
State and political subdivisions		202		---		202		---
Corporate bonds – investment grade (2)		8,190		---		8,190		---
Total pension plan assets	$	21,786	$	13,344	$	8,442	$	---

	Fair Value Measurements at December 31, 201 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	$	---