Benefit Plan (Tables)

3 Months Ended

Mar. 31, 2020

Components Of Net Periodic Benefit Expense

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


	Three Months Ended March 31,					Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2020		2019
Service cost	$	2,080	$	1,468	Employee benefits
Interest cost	1,320		1,373		Other components of net periodic pension benefit income
Expected return on plan assets	(3,603)		(3,026)		Other components of net periodic pension benefit income
Recognized net actuarial loss and prior service costs	294		470		Other components of net periodic pension benefit income
Net periodic pension benefit expense	$	91	$	285

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 ended March 31, 2020 and 2019 was as follows:


	Three Months Ended March 31,					Affected Line Item in the Consolidated Condensed Statement of Income
(In thousands)	2020		2019
Service cost	$	364	$	201	Employee benefits
Interest cost	134		165		Miscellaneous expense
Total SERP expense	$	498	$	366