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Note 16 - Subsequent Events
9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 16 – Subsequent Events

 

The Company previously maintained a non-contributory defined benefit pension plan which covered substantially all employees who were 21 years of age or older and who had at least one year of service. The Company froze its pension plan to new participants and converted it to a cash balance plan effective December 31, 2009. At the October 18, 2022 meeting of the Board of Directors, the Company approved the termination of its defined benefit pension plan effective December 31, 2022.