Annual report pursuant to Section 13 and 15(d)

Note 5 - Employee Benefit Plans (Tables)

v3.8.0.1
Note 5 - Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Schedule of Net Funded Status [Table Text Block]
   
201
7
   
20
16
 
Change in projected benefits obligation:
               
Projected benefit obligation at beginning of year
  $
4,833
    $
4,884
 
Service cost
   
147
     
153
 
Interest cost
   
201
     
215
 
Actuarial
(gain) loss
   
82
     
(203
)
Benefits paid
   
(231
)    
(216
)
Projected benefit obligation at end of year
  $
5,032
    $
4,833
 
                 
Change in plan assets:
               
Fair value of plan assets at beginning of year
  $
4,937
    $
4,551
 
Actual return on plan assets
   
552
     
413
 
Contributions by employer
   
98
     
189
 
Benefits paid
   
(231
)    
(216
)
Fair value of plan assets at end of year
   
5,356
     
4,937
 
Funded (u
nfunded) status at end of year
  $
324
    $
104
 
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
   
201
7
   
20
16
 
                 
Assets
  $
324
    $
104
 
Liabilities
   
     
 
    $
324
    $
104
 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
   
201
7
   
20
1
6
 
                 
Net actuarial loss
  $
(1,246
)   $
(1,485
)
Prior service cost
   
     
 
                 
Amounts recognized in accumulated other comprehensive
income (loss),
before taxes
   
(1,246
)    
(1,485
)
Income tax benefit
   
442
     
525
 
Amounts recognized in accumulated other comprehensive
income (loss),
after taxes
  $
(804
)   $
(960
)
Schedule of Net Benefit Costs [Table Text Block]
   
201
7
   
20
1
6
   
20
1
5
 
Components of net periodic benefit cost:
                       
Service cost
  $
147
    $
153
    $
160
 
Interest cost
   
201
     
215
     
200
 
Expected return on plan assets
   
(339
)    
(311
)    
(296
)
Amortization of
net loss
   
108
     
140
     
144
 
Amortization of prior service cost
   
     
     
3
 
Net periodic benefit cost
  $
117
    $
197
    $
211
 
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   
20
1
7
   
20
1
6
   
20
1
5
 
Net actuarial
(gain) loss
  $
(132
)   $
(305
)   $
(12
)
Recognized actuarial loss
   
(108
)    
(140
)    
(144
)
Recognized prior service cost
   
     
     
(4
)
Total recognized in other comprehensive 
income, before taxes
  $
(240
)   $
(445
)   $
(160
)
Total recognized in net benefit cost and 
other comprehensive income, before taxes
  $
(123
)   $
(248
)   $
51
 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
   
201
7
   
20
1
6
 
Plan assets in excess of projected benefit obligation
:
               
Projected benefit obligation
  $
5,032
    $
4,833
 
Fair value of plan assets
  $
5,356
    $
4,937
 
Plan assets in excess of accumulated benefit obligation:
               
Accumulated benefit obligation
  $
4,510
    $
4,366
 
Fair value of plan assets
  $
5,356
    $
4,937
 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
   
201
7
   
20
16
   
20
1
5
 
Weighted average assumptions used to determine benefit obligations as of December 31:                        
Discount rate
   
3.75%
     
4.25%
     
4.50%
 
Rate of compensation increase
   
7.29%
     
7.29%
     
7.29%
 
                         
Weighted average assumptions used to determine benefit costs for the years ended December 31:                        
Discount rate
   
4.25%
     
4.50%
     
4.00%
 
Expected return on plan assets
   
7.00%
     
7.00%
     
7.00%
 
Rate of compensation increase
   
7.29%
     
7.29%
     
7.29%
 
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
   
Total
   
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
   
Significant Other
Observable Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
As of December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
                               
Money Markets
  $
165
    $
165
    $
    $
 
Equities
   
670
     
670
     
     
 
Mutual Funds
                               
Equity
Funds
   
2,468
     
2,468
     
     
 
Fixed Income Funds
   
2,053
     
2,053
     
     
 
Total
  $
5,356
    $
5,356
    $
    $
 
                                 
As of December 31, 201
6
:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
                               
Money Markets
  $
1,048
    $
1,048
    $
    $
 
Equities
   
445
     
445
     
     
 
Mutual Funds
                               
Equity
Funds
   
1,684
     
1,684
     
     
 
Fixed Income Funds
   
1,760
     
1,760
     
     
 
Total
  $
4,937
    $
4,937
    $
    $
 
Schedule of Expected Benefit Payments [Table Text Block]
Year ending December 31,
 
Amount
 
201
8
  $
244
 
201
9
   
266
 
20
20
   
279
 
202
1
   
272
 
202
2
   
264
 
2023 to 2027    
1,213