BENEFIT PLANS

3 Months Ended

Mar. 31, 2020

BENEFIT PLANS [Abstract]

BENEFIT PLANS

NOTE H:  BENEFIT PLANS

The Company provides a qualified defined benefit pension to eligible employees and retirees, other post-retirement health and life insurance benefits to certain retirees, an unfunded supplemental pension plan for certain key executives, and an unfunded stock balance plan for certain of its nonemployee directors.  The Company accrues for the estimated cost of these benefits through charges to expense during the years that employees earn these benefits.  The service cost component of net periodic benefit income is included in the salaries and employee benefits line of the consolidated statements of income, while the other components of net periodic benefit income are included in other expenses. The Company made a $7.3 million contribution to its defined benefit pension plan in the first quarter of 2019. The Company did not make a contribution to its defined benefit pension plan in the first quarter of 2020.

The net periodic benefit cost for the three months ended March 31, 2020 and 2019 is as follows:

	Pension Benefits						Post-retirement Benefits
	Three Months Ended March 31,						Three Months Ended March 31,
(000's omitted)	2020			2019			2020			2019
Service cost	$	1,438		$	1,270		$	0		$	0
Interest cost		1,356			1,566			14			18
Expected return on plan assets		(3,932	)		(3,577	)		0			0
Amortization of unrecognized net loss		810			642			10			9
Amortization of prior service cost		60			16			(45	)		(45	)
Net periodic benefit	$	(268	)	$	(83	)	$	(21	)	$	(18	)