Benefit Plan (Tables)

9 Months Ended

Sep. 30, 2019

Components Of Net Periodic Benefit Expense

The following table shows the components of net periodic pension benefit expense (income):



	Three Months Ended September 30,						Nine Months Ended September 30,						Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2019			2018			2019			2018
Service cost	$	1,468		$	1,637		$	4,404		$	4,911		Employee benefits
Interest cost	1,373			1,309			4,119			3,927			Other components of net periodic pension benefit income
Expected return on plan assets	(3,026		)	(3,354		)	(9,078		)	(10,062		)	Other components of net periodic pension benefit income
Recognized net actuarial loss	470			340			1,410			1,020			Other components of net periodic pension benefit income
Net periodic pension benefit expense (income)	$	285		$	(68	)	$	855		$	(204	)

Park has entered into Supplemental Executive Retirement Plan Agreements (the “SERP Agreements”) with certain key officers of the Corporation and its subsidiaries which provide defined pension benefits in excess of limits imposed by federal tax law. The expense for the Corporation related to the SERP Agreements for the three months and nine months ended September 30, 2019 and 2018 was as follows:



	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statement of Income
(In thousands)	2019		2018		2019		2018
Service cost	$	202	$	157	$	604	$	635	Employee benefits
Interest cost	165		188		495		349		Miscellaneous expense
Total SERP expense	$	367	$	345	$	1,099	$	984