Investment in Qualified Affordable Housing (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Equity Method Investments [Line Items]

Activity in Affordable Housing Program Obligation [Table Text Block]

The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments as of June 30, 2015 and December 31, 2014.

(in thousands)	June 30, 2015		December 31, 2014
Affordable housing tax credit investments	$	54,457	$	48,911
Unfunded commitments	21,339		16,629

The following table summarizes the impact of retrospective application to the balance sheet and income statement for all periods presented as well as the year ended December 31, 2014:

(in thousands)	December 31, 2014
Other assets
As previously reported	$	140,803
As reported under the new guidance	138,746
Total assets
As previously reported	$	7,003,256
As reported under the new guidance	7,001,199
Retained earnings
As previously reported	$	486,541
As reported under the new guidance	484,484
Total equity
As previously reported	$	698,598
As reported under the new guidance	696,541

(in thousands)	3 months ended June 30, 2014		6 months ended June 30, 2014		12 months ended December 31, 2014
Total other expense
As previously reported	$	48,196	$	95,894	$	195,234
As reported under the new guidance	46,241		92,020		187,510
Income tax expense
As previously reported	$	7,469	$	13,505	$	28,602
As reported under the new guidance	9,441		17,438		36,459
Net income
As previously reported	$	21,827	$	41,446	$	84,090
As reported under the new guidance	21,810		41,387		83,957