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Note 4 - Defined Benefit Plan
 6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 4: Defined Benefit Plan         

 

The following tables present components of Net Periodic Benefit Cost for the periods indicated:

 

  

Pension Benefits

 
  

Three Months Ended June 30,

 
  

2023

  

2022

 

Service cost

 $203  $324 

Interest cost

  273   204 

Expected return on plan assets

  (518

)

  (629

)

Amortization of prior service cost

  -   - 

Recognized net actuarial loss

  17   110 

Net periodic benefit (income) cost

 $(25

)

 $9 

 

  

Pension Benefits

 
  

Six Months Ended June 30,

 
  

2023

  

2022

 

Service cost

 $406  $648 

Interest cost

  546   408 

Expected return on plan assets

  (1,036

)

  (1,258

)

Amortization of prior service cost

  -   - 

Recognized net actuarial loss

  34   220 

Net periodic benefit (income) cost

 $(50

)

 $18 

 

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. No contributions to the defined benefit plan have been made during 2023.