Segment Information

6 Months Ended

Jun. 30, 2015

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, 2015
(In thousands)	PNB		GFSC			SEPH			All Other			Total
Net interest income (expense)	$	54,766	$	1,679		$	(14	)	$	84		$	56,515
Provision for (recovery of) loan losses	2,720		309			(1,417		)	—			1,612
Other income (loss)	18,720		(1		)	327			145			19,191
Other expense	39,586		759			2,385			1,937			44,667
Income (loss) before income taxes	$	31,180	$	610		$	(655	)	$	(1,708	)	$	29,427
Federal income taxes (benefit)	9,847		203			(229		)	(1,433		)	8,388
Net income (loss)	$	21,333	$	407		$	(426	)	$	(275	)	$	21,039
Assets (as of June 30, 2015)	$	7,223,801	$	37,124		$	38,873		$	9,771		$	7,309,569

	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	40,024		812		3,413			1,992			46,241
Income (loss) before income taxes	$	32,492	$	736	$	623		$	(2,600	)	$	31,251
Federal income taxes (benefit)	10,320		258		218			(1,355		)	9,441
Net income (loss)	$	22,172	$	478	$	405		$	(1,245	)	$	21,810
Assets (as of June 30, 2014)	$	6,683,866	$	42,569	$	57,890		$	2,865		$	6,787,190

	Operating Results for the six months ended June 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	108,587	$	3,371	$	(102	)	$	194		$	112,050
Provision for (recovery of) loan losses	4,742		804		(2,302		)	—			3,244
Other income	36,732		1		1,087			244			38,064
Other expense	81,518		1,538		3,483			3,848			90,387
Income (loss) before income taxes	$	59,059	$	1,030	$	(196	)	$	(3,410	)	$	56,483
Federal income taxes (benefit)	18,567		342		(68		)	(2,441		)	16,400
Net income (loss)	$	40,492	$	688	$	(128	)	$	(969	)	$	40,083

	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	80,416		1,587		5,934			4,083			92,020
Income (loss) before income taxes	$	61,042	$	1,666	$	1,103		$	(4,986	)	$	58,825
Federal income taxes (benefit)	19,305		584		386			(2,837		)	17,438
Net income (loss)	$	41,737	$	1,082	$	717		$	(2,149	)	$	41,387

 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, 2015 and 2014. The reconciling amounts for consolidated total assets for the periods ended June 30, 2015 and 2014 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.