Benefit Plan (Tables)

6 Months Ended

Jun. 30, 2022

Components Of Net Periodic Benefit Expense

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


	Three Months Ended June 30,				Six Months Ended June 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2022		2021		2022		2021
Service cost	$	2,437	$	2,479	$	4,874	$	4,958	Employee benefits
Interest cost	1,426		1,340		2,852		2,680		Other components of net periodic pension benefit income
Expected return on plan assets	(4,449)		(3,933)		(8,898)		(7,866)		Other components of net periodic pension benefit income
Recognized net actuarial (gain) loss and prior service costs	(4)		555		(8)		1,110		Other components of net periodic pension benefit income
Net periodic pension benefit (income) expense	$	(590)	$	441	$	(1,180)	$	882

Park has entered into Supplemental Executive Retirement Plan Agreements (the “SERP Agreements”) with certain key officers of Park 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, 2022 and 2021 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)	2022		2021		2022		2021
Service cost	$	212	$	204	425		$	408	Employee benefits
Interest cost	183		149		366		298		Miscellaneous expense
Total SERP expense	$	395	$	353	$	791	$	706