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Note 5 - Defined Benefit Plan
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 5: Defined Benefit Plan         

 

Components of Net Periodic Benefit Cost:

 

  

Pension Benefits

 
  

Three Months Ended March, 31

 
  

2021

  

2020

 

Service cost

 $361  $270 

Interest cost

  184   205 

Expected return on plan assets

  (555

)

  (420

)

Amortization of prior service cost

  (3

)

  (27

)

Recognized net actuarial loss

  208   177 

Net periodic benefit cost

 $195  $205 

 

The service cost component of net periodic benefit cost is included in salaries and employee benefits expense in the consolidated statements of income. All other components are included in other noninterest expense in the consolidated statements of income. For the three months ended March 31, 2021, the Company did not make a contribution to the defined benefit plan.