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Note 5 - Defined Benefit Plan
 6 Months Ended
Jun. 30, 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 June 30,
   

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  

 

   

Pension Benefits
   

Six Months Ended June 30,
   

2021

  

2020

Service cost

   $ 722     $ 540  

Interest cost

     368       410  

Expected return on plan assets

     (1,110

)

     (840

)

Amortization of prior service cost

     (6

)

     (54

)

Recognized net actuarial loss

     416       354  

Net periodic benefit cost

   $ 390     $ 410  

 

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 six months ended June 30, 2021, the Company did not make a contribution to the defined benefit plan.