NOTE 20 — EMPLOYEE BENEFIT PLANS

The Company has a defined‑contribution retirement plan in which substantially all employees may participate. The Company matches 80% of the first 8% of eligible employees’ contributions and makes additional contributions based on employee compensation and the overall profitability of the Company. Expense was $2,535 in 2016, $2,895 in 2015, and $2,751 in 2014 which included an additional contribution in 2016, 2015 and 2014 based on the overall profitability of the Company.