Note 14 - Supplemental Retirement Benefits

12 Months Ended

Dec. 31, 2018

Supplemental Retirement Benefits Disclosure [Text Block]

(

)

Supplemental Retirement Benefits

The Company provides discretionary supplemental retirement benefits for certain retired officers, which will provide an annual benefit to these individuals for various terms following separation from employment. The Company recorded an expense of approximately

$2,000,

$3,000

and

$4,000

for the years ended

December 31, 2018,

2017

and

2016,

respectively. The present value of the supplemental retirement obligation has been calculated using a

4.1%

discount rate and is included in other liabilities. Total projected future cash payments for the year ending

December 31, 2019

is approximately

$25,000,

representing the completion of all retirement arrangements under this arrangement.