Segment Information

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Corporation is a bank holding company headquartered in Newark, Ohio. Prior to February 16, 2012, the operating segments for the Corporation were its two chartered bank subsidiaries, The Park National Bank (headquartered in Newark, Ohio) (“PNB”) and Vision Bank (“VB” or “Vision”) (headquartered in Panama City, Florida). On February 16, 2012, Vision sold certain assets and liabilities to Centennial Bank (see Note 3). Promptly following the closing of the transaction, Vision surrendered its Florida banking charter to the Florida Office of Financial Regulation and became a non-bank Florida corporation (the “Florida Corporation”). The Florida Corporation merged with and into a wholly-owned non-bank subsidiary of Park, SE Property Holdings, LLC (“SEPH”), with SEPH being the surviving entity. The closing of this transaction prompted Park to add SEPH as a reportable segment. Additionally, due to the increased significance of the entity, Guardian Financial Services Company (“GFSC”) was added as a reportable segment during the first quarter of 2012.

Management is required to disclose information about the different types of business activities in which a company engages and also information on the different economic environments in which a company operates, so that the users of the financial statements can better understand the company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park has three operating segments, as: (i) discrete financial information is available for each operating segment and (ii) the segments are aligned with internal reporting to Park’s Chairman and Chief Executive Officer, who is the chief operating decision maker.

	Operating Results for the three months ended June 30, 2012
(in thousands)	PNB		VB		GFSC		SEPH			All Other			Total
Net interest income (loss)	$	56,022	$	—	$	2,305	$	(1,125	)	$	1,478		$	58,680
Provision for loan losses	3,756		—		200		1,282			—			5,238
Other income (loss) and security gains	17,700		—		—		(275		)	83			17,508
Other expense	37,260		—		706		5,999			1,839			45,804
Net income (loss)	23,483		—		909		(5,640		)	134			18,886
Assets (as of June 30, 2012)	$	6,535,709	$	—	$	48,763	$	140,051		$	(18,949	)	$	6,705,574

	Operating Results for the three months ended June 30, 2011
(in thousands)	PNB		VB			GFSC		SEPH			All Other			Total
Net interest income (loss)	$	60,542	$	7,000		$	2,195	$	(224	)	$	509		$	70,022
Provision for loan losses	4,975		7,016			525		—			—			12,516
Other income (loss) and security gains	30,403		1,656			—		(1,641		)	82			30,500
Other expense	36,315		8,174			639		32			1,847			47,007
Net income (loss)	34,250		(4,219		)	669		(1,233		)	(514		)	28,953
Assets (as of June 30, 2011)	$	6,565,419	$	743,980		$	45,912	$	38,103		$	(71,390	)	$	7,322,024

	Operating Results for the six months ended June 30, 2012
(in thousands)	PNB		VB		GFSC		SEPH		All Other		Total
Net interest income	$	111,868	$	—	$	4,516	$	1,485	$	2,539	$	120,408
Provision for loan losses	8,428		—		450		4,698		—		13,576
Other income and security gains	34,361		—		—		22,616		151		57,128
Other expense	75,316		—		1,427		14,164		3,367		94,274
Net income	45,044		—		1,715		3,419		183		50,361

	Operating Results for the six months ended June 30, 2011
(in thousands)	PNB		VB			GFSC		SEPH			All Other			Total
Net interest income (loss)	$	120,779	$	13,755		$	4,220	$	(224	)	$	805		$	139,335
Provision for loan losses	9,950		15,616			1,050		—			—			26,616
Other income (loss) and security gains	53,300		339			—		(1,641		)	167			52,165
Other expense	72,636		15,599			1,216		32			3,870			93,353
Net income (loss)	63,279		(11,065		)	1,269		(1,233		)	(1,101		)	51,149

The operating results of the Parent Company in the “All Other” column are used to reconcile the segment totals to the consolidated condensed statements of income for the three and six month periods ended June 30, 2012 and 2011. The reconciling amounts for consolidated total assets for the periods ended June 30, 2012 and 2011 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.