Segment Information

9 Months Ended

Sep. 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 September 30, 2013
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	52,348	$	2,204	$	(462	)	$	870		$	54,960
Provision for (recovery of) loan losses	6,339		355		(4,196		)	—			2,498
Other income	16,756		6		525			109			17,396
Other expense	39,860		730		2,270			1,855			44,715
Income (loss) before income taxes	$	22,905	$	1,125	$	1,989		$	(876	)	$	25,143
Federal income taxes (benefit)	5,656		394		696			(632		)	6,114
Net income (loss)	$	17,249	$	731	$	1,293		$	(244	)	$	19,029
Assets (as of September 30, 2013)	$	6,588,368	$	50,047	$	77,270		$	(9,794	)	$	6,705,891

	Operating Results for the three months ended September 30, 2012
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	55,366	$	2,371	$	(888	)	$	1,167		$	58,016
Provision for loan losses	4,125		184		12,346			—			16,655
Other income (loss)	18,150		—		(191		)	120			18,079
Other expense	39,609		693		4,008			1,373			45,683
Income (loss) before income taxes	$	29,782	$	1,494	$	(17,433	)	$	(86	)	$	13,757
Federal income taxes (benefit)	7,714		523		(6,102		)	(360		)	1,775
Net income (loss)	$	22,068	$	971	$	(11,331	)	$	274		$	11,982
Assets (as of September 30, 2012)	$	6,601,785	$	49,921	$	116,192		$	(14,960	)	$	6,752,938

	Operating Results for the nine months ended September 30, 2013
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	156,819	$	6,575	$	(1,464	)	$	3,195		$	165,125
Provision for (recovery of) loan losses	11,591		775		(8,866		)	—			3,500
Other income	53,164		5		2,001			329			55,499
Other expense	120,592		2,326		9,523			4,942			137,383
Income (loss) before income taxes	$	77,800	$	3,479	$	(120	)	$	(1,418	)	$	79,741
Federal income taxes (benefit)	20,289		1,218		(42		)	(1,497		)	19,968
Net income (loss)	$	57,511	$	2,261	$	(78	)	$	79		$	59,773

	Operating Results for the nine months ended September 30, 2012
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income	$	167,234	$	6,887	$	597		$	3,706		$	178,424
Provision for loan losses	12,553		634		17,044			—			30,231
Other income	52,511		—		258			271			53,040
Gain on sale of the Vision business	—		—		22,167			—			22,167
Other expense	114,925		2,120		18,172			4,740			139,957
Income (loss) before income taxes	$	92,267	$	4,133	$	(12,194	)	$	(763	)	$	83,443
Federal income taxes (benefit)	25,155		1,447		(4,282		)	(1,220		)	21,100
Net income (loss)	$	67,112	$	2,686	$	(7,912	)	$	457		$	62,343

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