Note 12 - Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

Note

1

2

.

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 March 31,				Income Statement
	2020		2019		Location
(Amounts in thousands)
Service cost	$	77	$	80	Salaries and employee benefits
Interest cost		89		101	Other expense
Amortization of prior service cost		50		64	Other expense
Amortization of losses		46		5	Other expense
Net periodic cost	$	262	$	250