Benefit Plan (Tables)

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Expense

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

	Three Months Ended June 30,				Six Months Ended June 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2021		2020		2021		2020
Service cost	$	2,479	$	2,080	$	4,958	$	4,160	Employee benefits
Interest cost	1,340		1,320		2,680		2,640		Other components of net periodic pension benefit income
Expected return on plan assets	(3,933)		(3,602)		(7,866)		(7,204)		Other components of net periodic pension benefit income
Recognized net actuarial loss and prior service costs	555		294		1,110		588		Other components of net periodic pension benefit income
Net periodic pension benefit expense	$	441	$	92	$	882	$	184

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 six months ended June 30, 2021 and 2020 was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2021		2020		2021		2020
Service cost	$	204	$	219	$	408	$	583	Employee benefits
Interest cost	149		133		298		267		Miscellaneous expense
Total SERP expense	$	353	$	352	$	706	$	850