Segment Information

9 Months Ended

Sep. 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 September 30, 2014
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	55,400	$	1,838	$	32		$	(561	)	$	56,709
Provision for (recovery of) loan losses	6,527		425		(2,451		)	—			4,501
Other income	18,415		—		892			89			19,396
Other expense	40,923		774		3,332			1,874			46,903
Income (loss) before income taxes	$	26,365	$	639	$	43		$	(2,346	)	$	24,701
Federal income taxes (benefit)	7,128		223		15			(968		)	6,398
Net income (loss)	$	19,237	$	416	$	28		$	(1,378	)	$	18,303
Assets (as of September 30, 2014)	$	6,915,442	$	41,104	$	53,025		$	3,701		$	7,013,272

	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 nine months ended September 30, 2014
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	163,789	$	5,679	$	(261	)	$	(1,457	)	$	167,750
Provision for (recovery of) loan losses	8,070		1,014		(8,068		)	—			1,016
Other income	53,027		1		2,605			82			55,715
Other expense	125,213		2,361		9,266			5,957			142,797
Income (loss) before income taxes	$	83,533	$	2,305	$	1,146		$	(7,332	)	$	79,652
Federal income taxes (benefit)	22,500		807		401			(3,805		)	19,903
Net income (loss)	$	61,033	$	1,498	$	745		$	(3,527	)	$	59,749

	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

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