XML 110 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest and dividend income:      
Interest and fees on loans $ 227,644us-gaap_InterestAndFeeIncomeLoansAndLeases $ 225,538us-gaap_InterestAndFeeIncomeLoansAndLeases $ 234,638us-gaap_InterestAndFeeIncomeLoansAndLeases
Interest and dividends on:      
Obligations of U.S. Government, its agencies and other securities 36,981us-gaap_InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment 36,686us-gaap_InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment 50,549us-gaap_InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
Obligations of states and political subdivisions 3us-gaap_InterestIncomeSecuritiesStateAndMunicipal 45us-gaap_InterestIncomeSecuritiesStateAndMunicipal 140us-gaap_InterestIncomeSecuritiesStateAndMunicipal
Other interest income 515us-gaap_OtherInterestAndDividendIncome 678us-gaap_OtherInterestAndDividendIncome 408us-gaap_OtherInterestAndDividendIncome
Total interest and dividend income 265,143us-gaap_InterestAndDividendIncomeOperating 262,947us-gaap_InterestAndDividendIncomeOperating 285,735us-gaap_InterestAndDividendIncomeOperating
Interest on deposits:      
Demand and savings deposits 1,677us-gaap_InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits 1,773us-gaap_InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits 2,483us-gaap_InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
Time deposits 9,323us-gaap_InterestExpenseTimeDeposits 11,235us-gaap_InterestExpenseTimeDeposits 15,921us-gaap_InterestExpenseTimeDeposits
Interest on short-term borrowings 517us-gaap_InterestExpenseShortTermBorrowings 544us-gaap_InterestExpenseShortTermBorrowings 678us-gaap_InterestExpenseShortTermBorrowings
Interest on long-term debt 28,582us-gaap_InterestExpenseLongTermDebt 28,370us-gaap_InterestExpenseLongTermDebt 31,338us-gaap_InterestExpenseLongTermDebt
Total interest expense 40,099us-gaap_InterestExpense 41,922us-gaap_InterestExpense 50,420us-gaap_InterestExpense
Net interest income 225,044us-gaap_InterestIncomeExpenseNet 221,025us-gaap_InterestIncomeExpenseNet 235,315us-gaap_InterestIncomeExpenseNet
(Recovery of) provision for loan losses (7,333)us-gaap_ProvisionForLoanAndLeaseLosses 3,415us-gaap_ProvisionForLoanAndLeaseLosses 35,419us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after (recovery of) provision for loan losses 232,377us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 217,610us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 199,896us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Other income:      
Income from fiduciary activities 19,150us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 17,133us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 15,947us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities
Service charges on deposit accounts 15,423us-gaap_FeesAndCommissionsDepositorAccounts 16,316us-gaap_FeesAndCommissionsDepositorAccounts 16,704us-gaap_FeesAndCommissionsDepositorAccounts
Net gain on sales of securities (1,158)us-gaap_GainLossOnSaleOfSecuritiesNet 0us-gaap_GainLossOnSaleOfSecuritiesNet 0us-gaap_GainLossOnSaleOfSecuritiesNet
Other service income 10,459us-gaap_FeesAndCommissionsOther 12,913us-gaap_FeesAndCommissionsOther 13,631us-gaap_FeesAndCommissionsOther
Checkcard fee income 13,570prk_CheckcardFeeIncome 12,955prk_CheckcardFeeIncome 12,541prk_CheckcardFeeIncome
Bank owned life insurance income 4,861us-gaap_BankOwnedLifeInsuranceIncome 5,041us-gaap_BankOwnedLifeInsuranceIncome 4,754us-gaap_BankOwnedLifeInsuranceIncome
ATM fees 2,467prk_AtmFees 2,632prk_AtmFees 2,359prk_AtmFees
Gain on sale of OREO, net 5,503us-gaap_GainsLossesOnSalesOfOtherRealEstate 3,110us-gaap_GainsLossesOnSalesOfOtherRealEstate 4,414us-gaap_GainsLossesOnSalesOfOtherRealEstate
OREO devaluations (2,406)prk_OreoDevaluations (3,180)prk_OreoDevaluations (6,872)prk_OreoDevaluations
Gain (Loss) on Sales of Loans, Net 1,867us-gaap_GainLossOnSalesOfLoansNet 0us-gaap_GainLossOnSalesOfLoansNet 0us-gaap_GainLossOnSalesOfLoansNet
Gain on sale of Vision Bank business 0us-gaap_GainLossOnSaleOfBusiness 0us-gaap_GainLossOnSaleOfBusiness 22,167us-gaap_GainLossOnSaleOfBusiness
Miscellaneous 5,813us-gaap_NoninterestIncomeOther 6,357us-gaap_NoninterestIncomeOther 6,758us-gaap_NoninterestIncomeOther
Total other income 75,549us-gaap_NoninterestIncome 73,277us-gaap_NoninterestIncome 92,403us-gaap_NoninterestIncome
Other expense:      
Salaries and employee benefits 101,968us-gaap_LaborAndRelatedExpense 100,298us-gaap_LaborAndRelatedExpense 95,977us-gaap_LaborAndRelatedExpense
Data processing fees 4,712us-gaap_InformationTechnologyAndDataProcessing 4,174us-gaap_InformationTechnologyAndDataProcessing 3,916us-gaap_InformationTechnologyAndDataProcessing
Professional fees and services 29,580us-gaap_ProfessionalFees 27,865us-gaap_ProfessionalFees 24,267us-gaap_ProfessionalFees
Net occupancy expense of bank premises 10,006us-gaap_OccupancyNet 9,804us-gaap_OccupancyNet 9,444us-gaap_OccupancyNet
Amortization of intangibles 0us-gaap_AmortizationOfIntangibleAssets 337us-gaap_AmortizationOfIntangibleAssets 2,172us-gaap_AmortizationOfIntangibleAssets
Furniture and equipment expense 11,571us-gaap_EquipmentExpense 11,249us-gaap_EquipmentExpense 10,788us-gaap_EquipmentExpense
Insurance 5,723us-gaap_GeneralInsuranceExpense 5,205us-gaap_GeneralInsuranceExpense 5,780us-gaap_GeneralInsuranceExpense
Marketing 4,371us-gaap_MarketingExpense 3,790us-gaap_MarketingExpense 3,474us-gaap_MarketingExpense
Postage and telephone 5,268us-gaap_Communication 5,790us-gaap_Communication 5,983us-gaap_Communication
State taxes 2,290us-gaap_ExciseAndSalesTaxes 3,702us-gaap_ExciseAndSalesTaxes 3,786us-gaap_ExciseAndSalesTaxes
Loan put provision 0prk_LoanPutProvision 0prk_LoanPutProvision 3,299prk_LoanPutProvision
OREO expense 2,063prk_OtherRealEstateOwnedExpense 2,731prk_OtherRealEstateOwnedExpense 4,011prk_OtherRealEstateOwnedExpense
Affordable Housing Program Assessments 7,724us-gaap_AffordableHousingProgramAssessments 7,014us-gaap_AffordableHousingProgramAssessments 6,841us-gaap_AffordableHousingProgramAssessments
Miscellaneous 9,958us-gaap_OtherCostAndExpenseOperating 6,570us-gaap_OtherCostAndExpenseOperating 8,230us-gaap_OtherCostAndExpenseOperating
Total other expense 195,234us-gaap_NoninterestExpense 188,529us-gaap_NoninterestExpense 187,968us-gaap_NoninterestExpense
Income (loss) before taxes 112,692us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 102,358us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 104,331us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Federal income taxes 28,602us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations 25,131us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations 25,701us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations
Net income 84,090us-gaap_NetIncomeLoss 77,227us-gaap_NetIncomeLoss 78,630us-gaap_NetIncomeLoss
Preferred share dividends and accretion 0us-gaap_DividendsPreferredStock 0us-gaap_DividendsPreferredStock 3,425us-gaap_DividendsPreferredStock
Income available to common shareholders $ 84,090us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 77,227us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 75,205us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per common share:      
Basic (in dollars per share) $ 5.46us-gaap_EarningsPerShareBasic $ 5.01us-gaap_EarningsPerShareBasic $ 4.88us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 5.46us-gaap_EarningsPerShareDiluted $ 5.01us-gaap_EarningsPerShareDiluted $ 4.88us-gaap_EarningsPerShareDiluted