Note 11 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

Note

1

1

.

Employee

Benefit Plans

The Company maintains

two

nonqualified domestic, noncontributory defined benefit plans (the “Benefit Plans”) for key members of senior management and non-management directors. The Company’s unfunded Benefit Plans include the Supplemental Executive Retention Plan and the Directors’ Supplemental Retirement Plan. The following table presents the components of net periodic pension cost and the effect on the consolidated statements of income for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018		Income Statement Location
(Amounts in thousands)
Service cost	$	80	$	55	$	160	$	123	Salaries and employee benefits
Interest cost		101		90		202		179	Other expense
Amortization of prior service cost		64		55		128		114	Other expense
Amortization of losses		6		16		11		28	Other expense
Net periodic cost	$	251	$	216	$	501	$	444