Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Corporation is a financial 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 Chief Executive Officer and President, who is the chief operating decision maker.

	Operating Results for the three months ended June 30, 2014
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	55,290	$	1,863	$	(98	)	$	(494	)	$	56,561
Provision for (recovery of) loan losses	1,683		315		(3,258		)	—			(1,260		)
Other income (loss)	18,909		—		876			(114		)	19,671
Other expense	41,979		812		3,413			1,992			48,196
Income (loss) before income taxes	$	30,537	$	736	$	623		$	(2,600	)	$	29,296
Federal income taxes (benefit)	8,348		258		218			(1,355		)	7,469
Net income (loss)	$	22,189	$	478	$	405		$	(1,245	)	$	21,827
Assets (as of June 30, 2014)	$	6,685,849	$	42,569	$	57,890		$	2,865		$	6,789,173

	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 six months ended June 30, 2014
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	108,389	$	3,841	$	(293	)	$	(896	)	$	111,041
Provision for (recovery of) loan losses	1,543		589		(5,617		)	—			(3,485		)
Other income (loss)	34,612		1		1,713			(7		)	36,319
Other expense	84,290		1,587		5,934			4,083			95,894
Income (loss) before income taxes	$	57,168	$	1,666	$	1,103		$	(4,986	)	$	54,951
Federal income taxes (benefit)	15,372		584		386			(2,837		)	13,505
Net income (loss)	$	41,796	$	1,082	$	717		$	(2,149	)	$	41,446

	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

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, 2014 and 2013. The reconciling amounts for consolidated total assets for the periods ended June 30, 2014 and 2013 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.