Note 7 - Defined Benefit Plan

9 Months Ended

Sep. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 7: Defined Benefit Plan

Components of Net Periodic Benefit Cost

	Pension Benefits
	Nine Months Ended September 30,
	2013			2012
Service cost	$	447		$	351
Interest cost		462			555
Expected return on plan assets		(738	)		(807	)
Amortization of prior service cost		(75	)		(75	)
Recognized net actuarial loss		399			381
Net Periodic Benefit Cost	$	495		$	405

2013 Plan Year Employer Contribution

Without considering the prefunding balance, the Company’s minimum required contribution to the National Bankshares, Inc. Retirement Income Plan (the “Plan”) is $815. Considering the prefunding balance, the 2013 minimum required contribution is $0. The Company elected to contribute $519 to the Plan during the nine months ended September 30, 2013.