Note 13 - Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

(Dollar amounts in thousands)	2020			2019
Change in plan assets:
Fair value of plan assets at beginning of year	$	10,599		$	9,482
Actual return on plan assets		1,156			1,534
Employer contribution		—			-
Benefits paid		(439	)		(417	)
Fair value of plan assets at end of year		11,316			10,599
Change in benefit obligation:
Benefit obligation at beginning of year		12,304			10,628
Interest cost		395			443
Actuarial (gain) loss		(29	)		(22	)
Effect of change in assumptions		1,357			1,672
Benefits paid		(439	)		(417	)
Benefit obligation at end of year		13,588			12,304
Funded status (plan assets less benefit obligation)	$	(2,272	)	$	(1,705	)
Amounts recognized in accumulated other comprehensive loss consists of:
Accumulated net actuarial loss	$	7,220		$	6,616
Accumulated prior service benefit		—			—
Amount recognized, end of year	$	7,220		$	6,616

Schedule of Allocation of Plan Assets [Table Text Block]

(Dollar amounts in thousands)			(Level 1)		(Level 2)		(Level 3)
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
			for Identical		Observable		Inputs
Description	Total		Assets		Inputs
December 31, 2020:
Money markets	$	143	$	143	$	—	$	—
Mutual funds - debt		4,518		4,518		—		—
Mutual funds - equity		5,798		5,798		—		—
Emclaire stock		857		857		—		—
	$	11,316	$	11,316	$	—	$	—
December 31, 2019:
Money markets	$	385	$	385	$	—	$	—
Mutual funds - debt		4,322		4,322		—		—
Mutual funds - equity		4,981		4,981		—		—
Emclaire stock		911		911		—		—
	$	10,599	$	10,599	$	—	$	—

Schedule of Net Benefit Costs [Table Text Block]

(Dollar amounts in thousands)	2020			2019
Interest cost	$	395		$	443
Expected return on plan assets		(699	)		(626	)
Amortization of prior service beneft and net loss		268			252
Net periodic pension cost		(36	)		69
Amortization of prior service benefit and net loss		(268	)		(252	)
Net loss		871			742
Total recognized in other comprehensive loss		603			490
Total recognized in net periodic benefit and other comprehensive loss	$	567		$	559

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	2020			2019
Discount rate for net periodic benefit cost		3.28	%		4.26	%
Discount rate for benefit obligations		2.54	%		3.28	%
Expected rate of return on plan assets		6.75	%		6.75	%

Schedule of Pension Plan Assets Allocation [Table Text Block]

Asset Category	Target Allocation		Percentage of Plan Assets at Year End				Weighted-Average Expected Long-Term Rate of Return
	2021		2020		2019		2020
Equity securities		55%		59%		56%		5.15%
Debt securities		37%		40%		41%		1.57%
Money markets		8%		1%		3%		0.03%
		100%		100%		100%		6.75%

Schedule of Expected Benefit Payments [Table Text Block]

(Dollar amounts in thousands)	Pension
For year ended December 31,	Benefits
2021	$	470
2022		506
2023		507
2024		516
2025		551
2026-2030		2,762