Note 6 - Defined Benefit Plan

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note

6

:

Defined Benefit Plan

Components of Net Periodic Benefit Cost

	Pension Benefits
	Nine Months Ended September 30,
	2019			2018
Service cost	$	600		$	651
Interest cost		663			600
Expected return on plan assets		(1,095	)		(1,200	)
Amortization of prior service cost		(81	)		(81	)
Recognized net actuarial loss		474			438
Net periodic benefit cost	$	561		$	408

The service cost component of net periodic benefit cost is included in salaries and employee benefits expense in the consolidated statements of income. All other components are included in other noninterest expense in the consolidated statements of income.

201

9

Plan Year

Employer Contribution

For the

nine

months ended

September 30, 2019,

the Company did

not

make a contribution to the Plan.