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Note 10 - Benefit Plans
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Retirement Benefits [Text Block]
Note
10.
Benefit Plans
 
The Company maintains a
401
(k) plan (the Plan) for all eligible employees. Participating employees
may
elect to contribute up to the maximum percentage allowed by the Internal Revenue Service, as defined in the Plan. The Company makes matching contributions, on a dollar-for dollar basis, for the
first
one
percent of an employee’s compensation contributed to the Plan and
fifty
cents for each dollar of the employee’s contribution between
two
percent and
six
percent. The Company also makes an additional contribution based on years of service to participants who have completed at least
one thousand
hours of service during the year and who are employed on the last day of the Plan Year. All employees who are age
nineteen
or older are eligible. Employee contributions vest immediately. Employer matching contributions vest after
two
Plan service years with the Company. The Company has the discretion to make a profit sharing contribution to the Plan each year based on overall performance, profitability, and other economic factors. For the 
three
months ended
March 31, 2020
and
2019
, expense attributable to the Plan amounted to
$249
 thousand and
$247
 thousand, respectively.
 
On
March 15, 2019,
the Company entered into supplemental executive retirement plans and participation agreements with
three
of its employees. The retirement benefits are fixed and provide for retirement benefits payable in
180
monthly installments. The contribution expense totaled
$66
thousand and
$23
 thousand for the 
three
month periods ended
March 31, 2020
and
2019,
respectively, and was solely funded by the Company.
 
See Note
13
of the consolidated financial statements included in the Company’s Annual Report on Form
10
-K for the year ended
December 31, 2019
for additional information about the Company’s benefit plans.