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BENEFIT PLANS
 6 Months Ended
Jun. 30, 2020
BENEFIT PLANS [Abstract]  
BENEFIT PLANS

NOTE H:  BENEFIT PLANS

The Company provides a qualified defined benefit pension to eligible employees and retirees, other post-retirement health and life insurance benefits to certain retirees, an unfunded supplemental pension plan for certain key executives, and an unfunded stock balance plan for certain of its nonemployee directors.  The Company accrues for the estimated cost of these benefits through charges to expense during the years that employees earn these benefits.  The service cost component of net periodic benefit income is included in the salaries and employee benefits line of the consolidated statements of income, while the other components of net periodic benefit income are included in other expenses. The Company made a $3.9 million contribution to its defined benefit pension plan in the second quarter of 2020. The Company made a $7.3 million contribution to its defined benefit pension plan in the first quarter of 2019.

The net periodic benefit cost for the three and six months ended June 30, 2020 and 2019 is as follows:

  
Pension Benefits
    
Post-retirement Benefits
  
   
Three Months Ended
    
Six Months Ended
    
Three Months Ended
    
Six Months Ended
  
   
June 30,
    
June 30,
    
June 30,
    
June 30,
  
(000’s omitted)
  
2020
    
2019
    
2020
    
2019
    
2020
    
2019
    
2020
    
2019
  
Service cost
  
$
1,438
    
$
1,270
    
$
2,875
    
$
2,540
    
$
0
    
$
0
    
$
0
    
$
0
  
Interest cost
    
1,356
      
1,565
      
2,712
      
3,133
      
14
      
18
      
28
      
35
  
Expected return on plan assets
    
(3,932
)
    
(3,578
)
    
(7,864
)
    
(7,155
)
    
0
      
0
      
0
      
0
  
Amortization of unrecognized net loss
    
810
      
643
      
1,620
      
1,284
      
10
      
9
      
20
      
19
  
Amortization of prior service cost
    
60
      
16
      
120
      
31
      
(44
)
    
(45
)
    
(89
)
    
(89
)
Net periodic benefit
  
$
(268
)
  
$
(84
)
  
$
(537
)
  
$
(167
)
  
$
(20
)
  
$
(18
)
  
$
(41
)
  
$
(35
)