RETIREMENT PLAN

12 Months Ended

Dec. 31, 2016

RETIREMENT PLAN

RETIREMENT PLAN

NOTE 14 - RETIREMENT PLAN

The Company has a qualified profit sharing plan which covers substantially all employees and includes a 401(k) provision.  Profit sharing contributions, excluding the 401(k) provision, are at the discretion of the Company’s Board of Directors.  Expense recognized in connection with the plan was $925 thousand,  $815 thousand and $729 thousand in 2016, 2015 and 2014.