Note 7 - Defined Benefit Plan

6 Months Ended

Jun. 30, 2014

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
	Six Months Ended June 30,
	2014			2013
Service cost	$	262		$	298
Interest cost		332			308
Expected return on plan assets		(556	)		(492	)
Amortization of prior service cost		(54	)		(50	)
Recognized net actuarial loss		130			266
Net periodic benefit cost	$	114		$	330

2014 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 $396. Considering the prefunding balance, the 2014 minimum required contribution is $0. The Company elected to contribute $205 to the Plan during the six months ended June 30, 2014, for the plan year 2013.