Benefit Plan (Tables)

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Expense

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

	Three Months Ended March 31,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022
Service cost	$	1,559	$	2,437	Employee benefits
Interest cost	1,631		1,426		Other components of net periodic pension benefit income
Expected return on plan assets	(3,536)		(4,449)		Other components of net periodic pension benefit income
Recognized prior service cost (credit)	12		(4)		Other components of net periodic pension benefit income
Net periodic pension benefit (income) expense	$	(334)	$	(590)

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 ended March 31, 2023 and 2022 was as follows:

	Three Months Ended March 31,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022
Service cost	$	234	$	213	Employee benefits
Interest cost	176		183		Miscellaneous expense
Total SERP expense	$	410	$	396