Note 4 - Defined Benefit Plan

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Retirement Benefits [Text Block]

Note 4: Defined Benefit Plan         

Components of Net Periodic Benefit Cost:

	Pension Benefits
	Three Months Ended March 31,
	2023			2022
Service cost	$	203		$	324
Interest cost		273			204
Expected return on plan assets		(518	)		(629	)
Amortization of prior service cost		-			-
Recognized net actuarial loss		17			110
Net periodic benefit (income) cost	$	(25	)	$	9

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. For the three months ended March 31, 2023, the Company did not make a contribution to the defined benefit plan.