Note 13 - Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

(Dollar amounts in thousands)	2021			2020
Change in plan assets:
Fair value of plan assets at beginning of year	$	11,316		$	10,599
Actual return on plan assets		913			1,156
Employer contribution		—			—
Benefits paid		(441	)		(439	)
Fair value of plan assets at end of year		11,788			11,316
Change in benefit obligation:
Benefit obligation at beginning of year		13,588			12,304
Interest cost		338			395
Actuarial loss		(22	)		(29	)
Effect of change in assumptions		(294	)		1,357
Benefits paid		(441	)		(439	)
Benefit obligation at end of year		13,169			13,588
Funded status (plan assets less benefit obligation)	$	(1,381	)	$	(2,272	)
Amounts recognized in accumulated other comprehensive loss consists of:
Accumulated net actuarial loss	$	6,418		$	7,220
Accumulated prior service benefit		—			—
Amount recognized, end of year	$	6,418		$	7,220

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, 2021:
Money markets	$	148	$	148	$	—	$	—
Mutual funds - debt		4,133		4,133		—		—
Mutual funds - equity		6,698		6,698		—		—
Emclaire stock		809		809		—		—
	$	11,788	$	11,788	$	—	$	—
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	$	—	$	—

Schedule of Net Benefit Costs [Table Text Block]

(Dollar amounts in thousands)	2021			2020
Interest cost	$	338		$	395
Expected return on plan assets		(720	)		(699	)
Amortization of prior service beneft and net loss		292			268
Net periodic pension cost		(90	)		(36	)
Amortization of prior service benefit and net loss		(292	)		(268	)
Net (gain) loss		(509	)		871
Total recognized in other comprehensive (income) loss		(801	)		603
Total recognized in net periodic benefit and other comprehensive (income) loss	$	(891	)	$	567

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

	2021			2020
Discount rate for net periodic benefit cost		2.54	%		3.28	%
Discount rate for benefit obligations		2.85	%		2.54	%
Expected rate of return on plan assets		6.50	%		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
	2022		2021		2020		2021
Equity securities		55%		64%		59%		5.02%
Debt securities		41%		35%		40%		1.48%
Money markets		4%		1%		1%		0.01%
		100%		100%		100%		6.50%

Schedule of Expected Benefit Payments [Table Text Block]

(Dollar amounts in thousands)	Pension
For year ended December 31,	Benefits
2022	$	499
2023		508
2024		519
2025		570
2026		560
2027-2031		2,887