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Benefit Plan
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Benefit Plan Benefit Plans
 
Park has a noncontributory defined benefit pension plan (the "Pension Plan") covering substantially all of its employees. The Pension Plan provides benefits based on an employee’s years of service and compensation.
 
There were no Pension Plan contributions for any of the three-month or the six-month periods ended June 30, 2024 or 2023. Additionally, no contributions are expected to be made during the remainder of 2024.
 
The following table shows the components of net periodic pension benefit income:

Three Months Ended
June 30, 		Six Months Ended
June 30,		Affected Line Item in the Consolidated
Condensed Statements of Income
(In thousands)2024202320242023
Service cost$1,750 $1,559 $3,500 $3,118 Employee benefits
Interest cost1,719 1,631 3,438 3,262 Other components of net
periodic pension benefit income
Expected return on plan assets(3,935)(3,536)(7,870)(7,072)Other components of net
periodic pension benefit income
Recognized prior service cost12 12 24 24 Other components of net
periodic pension benefit income
Net periodic pension benefit income$(454)$(334)$(908)$(668)

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 the six months ended June 30, 2024 and 2023 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)2024202320242023
Service cost$769 $234 $985 $468 Employee benefits
Interest cost155 175 310 351 Miscellaneous expense
Total SERP expense$924 $409 $1,295 $819