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Retirement Plans
12 Months Ended
Dec. 31, 2020
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

Note 14 -- Retirement Plans

The Company has a defined contribution retirement plan which covers substantially all employees and which provides for a Company contribution equal to 4% of each participant’s compensation and a Company matching contribution of up to 100% of the first 3% and 50% of the next 2% of pre-tax contributions made by each participant. Employee contributions are limited to the 402(g) limit of compensation. The total expense for the plan amounted to $2,623,000, $2,429,000 and $1,881,000 in 2020, 2019 and 2018, respectively. The Company also has an agreement in place to pay $50,000 annually for 20 years from the retirement date to a senior officer that retired December 31, 2013. Total expense under this agreement amounted to $28,000, $32,000 and $36,000 in 2020, 2019 and 2018 respectively. The current liability recorded for this agreement was $441,000 and $465,000, as of December 31, 2020 and 2019, respectively.