Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Corporation is a bank holding company headquartered in Newark, Ohio. The operating segments for the Corporation are its chartered national bank subsidiary, The Park National Bank (headquartered in Newark, Ohio) (“PNB”), SE Property Holdings, LLC (“SEPH”), and Guardian Financial Services Company (“GFSC”).

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, 2013
(In thousands)	PNB		GFSC			SEPH			All Other			Total
Net interest income (expense)	$	51,736	$	2,238		$	(347	)	$	1,085		$	54,712
Provision for (recovery of) loan losses	2,122		210			(1,659		)	—			673
Other income (loss)	18,536		(3		)	645			120			19,298
Other expense	40,408		810			3,909			1,443			46,570
Income (loss) before income taxes	$	27,742	$	1,215		$	(1,952	)	$	(238	)	$	26,767
Federal income taxes (benefit)	7,420		425			(683		)	(429		)	6,733
Net income (loss)	$	20,322	$	790		$	(1,269	)	$	191		$	20,034
Assets (as of June 30, 2013)	$	6,519,766	$	50,307		$	78,993		$	(8,593	)	$	6,640,473

	Operating Results for the three months ended June 30, 2012
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	56,022	$	2,305	$	(1,125	)	$	1,478		$	58,680
Provision for loan losses	3,756		200		1,282			—			5,238
Other income (loss)	17,700		—		(275		)	83			17,508
Other expense	37,260		706		5,999			1,839			45,804
Income (loss) before income taxes	$	32,706	$	1,399	$	(8,681	)	$	(278	)	$	25,146
Federal income taxes (benefit)	9,223		490		(3,041		)	(412		)	6,260
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 six months ended June 30, 2013
(In thousands)	PNB		GFSC			SEPH			All Other			Total
Net interest income (expense)	$	104,471	$	4,371		$	(1,002	)	$	2,325		$	110,165
Provision for (recovery of) loan losses	5,252		420			(4,670		)	—			1,002
Other income (loss)	36,408		(1		)	1,476			220			38,103
Other expense	80,732		1,596			7,253			3,087			92,668
Income (loss) before income taxes	$	54,895	$	2,354		$	(2,109	)	$	(542	)	$	54,598
Federal income taxes (benefit)	14,633		824			(738		)	(865		)	13,854
Net income (loss)	$	40,262	$	1,530		$	(1,371	)	$	323		$	40,744

	Operating Results for the six months ended June 30, 2012
(In thousands)	PNB		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	34,361		—		449		151			34,961
Gain on sale of Vision business	—		—		22,167		—			22,167
Other expense	75,316		1,427		14,164		3,367			94,274
Income (loss) before income taxes	$	62,485	$	2,639	$	5,239	$	(677	)	$	69,686
Federal income taxes (benefit)	17,441		924		1,820		(860		)	19,325
Net income	$	45,044	$	1,715	$	3,419	$	183		$	50,361

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-month and six-month periods ended June 30, 2013 and 2012. The reconciling amounts for consolidated total assets for the periods ended June 30, 2013 and 2012 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.