Note 6. Pension Plan

The Company provides pension benefits for eligible participants through a non-contributory defined benefit pension plan. The plan was frozen effective September 30, 2006; therefore, no additional participants have been or will be added to the plan since that date. The components of net periodic pension plan cost are as follows for the periods indicated:

Three months ended March 31,	2017			2016
	(in thousands)
Interest cost	$	67		$	70
Expected return on plan assets		(94	)		(98	)
Amortization of net loss		122			140
Net periodic pension plan cost	$	95		$	112

On November 23, 2016, the Company's Board of Directors voted to terminate the pension plan, effective January 31, 2017. The Company anticipates completing the transfer of all liabilities and administrative responsibilities under the plan by the end of the fourth quarter of 2017. At March 31, 2017, management had not yet determined the amount to be contributed to terminate the pension plan.