v3.26.1
Benefit Plan
 3 Months Ended
Mar. 31, 2026
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 periods ended March 31, 2026 or 2025. Additionally, no contributions are expected to be made during the remainder of 2026.
 
The following table shows the components of net periodic pension benefit income:

Three Months Ended
March 31,		Affected Line Item in the Consolidated
Condensed Statements of Income
(In thousands)20262025
Service cost$1,607 $1,632 Employee benefits
Interest cost1,570 1,478 Other components of net
periodic pension benefit income
Expected return on plan assets(4,035)(3,834)Other components of net
periodic pension benefit income
Recognized prior service cost(27)12 Other components of net
periodic pension benefit income
Net periodic pension benefit income$(885)$(712)

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, 2026 and 2025 was as follows:

Three Months Ended
March 31,		Affected Line Item in the Consolidated
Condensed Statements of Income
(In thousands)20262025
Service cost$201 $194 Employee benefits
Interest cost210 182 Miscellaneous expense
Total SERP expense$411 $376