10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR

15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2015

Commission File Number 1-13006

Park National Corporation

(Exact name of registrant as specified in its charter)

Ohio	31-1179518
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

50 North Third Street, Newark, Ohio 43055

(Address of principal executive offices) (Zip Code)

(740) 349-8451

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 Yes   ý   No   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes   ý   No   ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	ý	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 Yes   ¨   No   ý

15,350,817 Common shares, no par value per share, outstanding at October 26, 2015.

PARK NATIONAL CORPORATION

CONTENTS

	Page
PART I.   FINANCIAL INFORMATION
Item 1.  Financial Statements
Consolidated Condensed Balance Sheets as of September 30, 2015 and December 31, 2014 (unaudited)	3
Consolidated Condensed Statements of Income for the three and nine months ended September 30, 2015 and 2014 (unaudited)	4
Consolidated Condensed Statements of Comprehensive Income for the three and nine months ended September 30, 2015 and 2014 (unaudited)	6
Consolidated Condensed Statements of Changes in Shareholders’ Equity for the nine months ended September 30, 2015 and 2014 (unaudited)	7
Consolidated Condensed Statements of Cash Flows for the nine months ended September 30, 2015 and 2014 (unaudited)	8
Notes to Unaudited Consolidated Condensed Financial Statements	10
Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations	47
Item 3.  Quantitative and Qualitative Disclosures About Market Risk	69
Item 4.  Controls and Procedures	69
PART II.  OTHER INFORMATION	70
Item 1.  Legal Proceedings	70
Item 1A. Risk Factors	70
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds	70
Item 3.  Defaults Upon Senior Securities	71
Item 4.  Mine Safety Disclosures	71
Item 5.  Other Information	71
Item 6.  Exhibits	71
SIGNATURES	74

2

PARK NATIONAL CORPORATION AND SUBSIDARIES

Consolidated Condensed Balance Sheets (Unaudited)

(in thousands, except share and per share data)                    

	September 30, 2015			December 31, 2014
Assets:
Cash and due from banks	$	102,928		$	133,511
Money market instruments	279,327			104,188
Cash and cash equivalents	382,255			237,699
Investment securities:
Securities available-for-sale, at fair value (amortized cost of $1,282,022 and $1,299,980 at September 30, 2015 and December 31, 2014, respectively)	1,293,464			1,301,915
Securities held-to-maturity, at amortized cost (fair value of $119,585 and $143,490 at September 30, 2015 and December 31, 2014, respectively)	117,509			140,562
Other investment securities	58,311			58,311
Total investment securities	1,469,284			1,500,788
Loans	4,999,912			4,829,682
Allowance for loan losses	(58,483		)	(54,352		)
Net loans	4,941,429			4,775,330
Bank owned life insurance	180,739			171,928
Prepaid assets	82,949			75,190
Goodwill	72,334			72,334
Premises and equipment, net	59,581			55,479
Affordable housing tax credit investments	52,731			48,911
Other real estate owned	20,136			22,605
Accrued interest receivable	18,976			17,677
Mortgage loan servicing rights	8,812			8,613
Other	11,114			14,645
Total assets	$	7,300,340		$	7,001,199
Liabilities and Shareholders' Equity:
Deposits:
Noninterest bearing	$	1,288,750		$	1,269,296
Interest bearing	4,166,232			3,858,704
Total deposits	5,454,982			5,128,000
Short-term borrowings	278,324			276,980
Long-term debt	736,580			786,602
Subordinated notes	45,000			45,000
Unfunded commitments in affordable housing tax credit investments	21,339			16,629
Accrued interest payable	2,470			2,551
Other	45,842			48,896
Total liabilities	$	6,584,537		$	6,304,658
Shareholders' equity:
Preferred shares (200,000 shares authorized; 0 shares issued)	$	—		$	—
Common shares (No par value; 20,000,000 shares authorized; 16,150,859 shares issued at September 30, 2015 and 16,150,888 shares issued at December 31, 2014)	303,805			303,104
Retained earnings	501,145			484,484
Treasury shares (810,189 shares at September 30, 2015 and 758,489 at December 31, 2014)	(81,718		)	(77,439		)
Accumulated other comprehensive loss, net of taxes	(7,429		)	(13,608		)
Total shareholders' equity	715,803			696,541
Total liabilities and shareholders’ equity	$	7,300,340		$	7,001,199

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

3

PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Income (Unaudited)

(in thousands, except share and per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Interest and dividend income:
Interest and fees on loans	$	57,680		$	57,492		$	169,555		$	169,249
Interest and dividends on:
Obligations of U.S. Government, its agencies and other securities	9,175			9,011			27,677			27,758
Other interest income	232			119			677			320
Total interest and dividend income	67,087			66,622			197,909			197,327
Interest expense:
Interest on deposits:
Demand and savings deposits	614			440			1,656			1,232
Time deposits	2,508			2,136			7,672			6,547
Interest on borrowings:
Short-term borrowings	109			130			348			382
Long-term debt	6,141			7,207			18,468			21,416
Total interest expense	9,372			9,913			28,144			29,577
Net interest income	57,715			56,709			169,765			167,750
Provision for loan losses	2,404			4,501			5,648			1,016
Net interest income after provision for loan losses	55,311			52,208			164,117			166,734
Other income:
Income from fiduciary activities	4,933			4,734			15,055			14,100
Service charges on deposit accounts	3,909			4,171			10,974			11,772
Other service income	3,251			2,450			8,577			6,895
Checkcard fee income	3,643			3,431			10,659			10,137
Bank owned life insurance income	1,574			1,420			4,538			3,708
ATM fees	648			654			1,840			1,884
OREO valuation adjustments	(718		)	(935		)	(1,273		)	(2,026		)
Gain on sale of OREO, net	243			2,149			1,429			5,458
Gain on commercial loans held for sale	—			—			756			—
Miscellaneous	2,708			1,322			5,700			3,787
Total other income	20,191			19,396			58,255			55,715

4

PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Income (Unaudited) (Continued)

(in thousands, except share and per share data)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Other expense:
Salaries	$	21,692	$	20,515		$	63,669	$	60,426
Employee benefits	6,721		5,728			17,135		17,017
Occupancy expense	2,469		2,339			7,429		7,628
Furniture and equipment expense	3,044		2,870			8,737		8,862
Data processing fees	1,383		1,281			3,847		3,516
Professional fees and services	5,424		6,934			15,701		21,385
Marketing	1,058		1,087			3,008		3,211
Insurance	1,399		1,396			4,222		4,310
Communication	1,245		1,304			3,809		3,940
State tax expense (income)	779		(350		)	2,709		1,550
OREO expense	323		244			1,114		1,829
Miscellaneous	1,892		1,624			6,436		3,318
Total other expense	47,429		44,972			137,816		136,992
Income before income taxes	28,073		26,632			84,556		85,457
Federal income taxes	8,033		8,363			24,433		25,801
Net income	$	20,040	$	18,269		$	60,123	$	59,656
Earnings per Common Share:
Basic	$	1.30	$	1.19		$	3.91	$	3.87
Diluted	$	1.30	$	1.19		$	3.90	$	3.87
Weighted average common shares outstanding
Basic	15,361,087		15,392,421			15,370,380		15,395,320
Diluted	15,401,808		15,413,664			15,411,511		15,413,625
Cash dividends declared	$	0.94	$	0.94		$	2.82	$	2.82

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

5

PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income (Unaudited)

(in thousands, except share and per share data)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Net income	$	20,040	$	18,269		$	60,123	$	59,656
Other comprehensive income (loss), net of tax:
Unrealized net holding gain (loss) on securities available-for-sale, net of income tax (benefit) of $3,528 and $(1,564) for the three months ended September 30, 2015 and 2014, and $3,328 and $11,369 for the nine months ended September 30, 2015 and 2014, respectively	6,551		(2,905		)	6,179		21,115
Other comprehensive income (loss)	$	6,551	$	(2,905	)	$	6,179	$	21,115
Comprehensive income	$	26,591	$	15,364		$	66,302	$	80,771

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

6

PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited)

(in thousands, except per share data)

	Preferred Shares		Common Shares			Retained Earnings			Treasury Shares			Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2014, as previously presented	$	—	$	302,651		$	460,643		$	(76,128	)	$	(35,419	)
Cumulative effect of change in accounting principle for low income housing tax credits, net of tax						(1,924		)
Balance, at January 1, 2014 - as adjusted	$	—	$	302,651		$	458,719		$	(76,128	)	$	(35,419	)
Net Income						59,656
Other comprehensive income, net of tax:
Unrealized net holding gain on securities available-for-sale, net of income tax expense of $11,369												21,115
Dividends on common shares at $2.82 per share						(43,462		)
Cash payment for fractional shares in dividend reinvestment plan			(3		)
Share-based compensation expense			355
Repurchase of treasury shares									(1,485		)
Balance at September 30, 2014	$	—	$	303,003		$	474,913		$	(77,613	)	$	(14,304	)
Balance at January 1, 2015, as previously presented	$	—	$	303,104		$	486,541		$	(77,439	)	$	(13,608	)
Cumulative effect of change in accounting principle for low income housing tax credits, net of tax						(2,057		)
Balance, at January 1, 2015 - as adjusted	$	—	$	303,104		$	484,484		$	(77,439	)	$	(13,608	)
Net Income						60,123
Other comprehensive income, net of tax:
Unrealized net holding gain on securities available-for-sale, net of income tax of $3,328												6,179
Dividends on common shares at $2.82 per share						(43,462		)
Cash payment for fractional shares in dividend reinvestment plan			(3		)
Share-based compensation expense			704
Repurchase of treasury shares									(4,279		)
Balance at September 30, 2015	$	—	$	303,805		$	501,145		$	(81,718	)	$	(7,429	)

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

7

PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Cash Flows (Unaudited)

(in thousands)

	Nine Months Ended September 30,
	2015			2014
Operating activities:
Net income	$	60,123		$	59,656
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	5,648			1,016
Amortization of loan fees and costs, net	4,921			2,815
Depreciation	5,362			5,489
Accretion of investment securities, net	(186		)	(129		)
Amortization of long-term debt prepayment penalty	4,522			3,681
Realized net investment security gains	—			(20		)
Loan originations to be sold in secondary market	(163,764		)	(96,384		)
Proceeds from sale of loans in secondary market	160,593			93,335
Gain on sale of loans in secondary market	(2,968		)	(1,906		)
Share-based compensation expense	704			355
OREO valuation adjustments	1,273			2,026
Gain on sale of OREO, net	(1,429		)	(5,458		)
Gain on sale of commercial loans held for sale	(756		)	—
Bank owned life insurance income	(4,538		)	(3,708		)
Changes in assets and liabilities:
Increase in other assets	(12,461		)	(12,950		)
Increase in other liabilities	(3,214		)	(5,024		)
Net cash provided by operating activities	$	53,830		$	42,794
Investing activities:
Proceeds from redemption of Federal Home Loan Bank stock	$	—		$	8,946
Proceeds from the sale of:
Available-for-sale securities	—			488
Proceeds from calls and maturities of:
Available-for-sale securities	198,418			71,968
Held-to-maturity securities	29,148			31,712
Purchases of:
Available-for-sale securities	(180,273		)	(127,522		)
Held-to-maturity securities	(6,096		)	—
Net increase in other investments	—			(1,350		)
Net loan originations, portfolio loans	(174,952		)	(181,197		)
Proceeds from commercial loans held for sale	900			—
Investments in qualified affordable housing projects	(4,290		)	(8,184		)
Proceeds from the sale of OREO	15,189			26,622
Purchases of bank owned life insurance	(10,045		)	—
Life insurance death benefits	6,034			1,574
Purchases of premises and equipment, net	(9,464		)	(4,865		)
Net cash used in investing activities	$	(135,431	)	$	(181,808	)

8

PARK NATIONAL CORPORATION AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flows (Unaudited) (Continued) (in thousands)
	Nine Months Ended September 30,
	2015			2014
Financing activities:
Net increase in deposits	$	326,982		$	339,010
Net increase in short-term borrowings	1,344			26,689
Repayment of long-term debt	(79,544		)	(75,537		)
Proceeds from issuance of long-term debt	25,000			50,000
Repurchase of treasury shares	(4,279		)	(1,485		)
Cash dividends paid on common shares	(43,346		)	(43,407		)
Net cash provided by financing activities	$	226,157		$	295,270
Increase in cash and cash equivalents	144,556			156,256
Cash and cash equivalents at beginning of year	237,699			147,030
Cash and cash equivalents at end of period	$	382,255		$	303,286
Supplemental disclosures of cash flow information:
Cash paid for:
Interest	$	28,225		$	29,674
Income taxes	$	19,820		$	18,620
Non-cash items:
Loans transferred to OREO	$	12,845		$	7,825
Transfers from loans to commercial loans held for sale	$	144		$	21,985
New commitments in affordable housing tax credit investments	$	9,000		$	8,000

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

9

PARK NATIONAL CORPORATION

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

Note 1 – Basis of Presentation

The accompanying unaudited consolidated condensed financial statements included in this report have been prepared for Park National Corporation (sometimes also referred to as the “Registrant”) and its subsidiaries. Unless the context otherwise requires, references to "Park", the "Corporation" or the "Company" and similar terms mean Park National Corporation and its subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the results of operations for the interim periods included herein have been made. The results of operations for the three and nine month periods ended September 30, 2015 are not necessarily indicative of the operating results to be anticipated for the fiscal year ending December 31, 2015.

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes necessary for a fair presentation of the condensed balance sheets, condensed statements of income, condensed statements of comprehensive income, condensed statements of changes in shareholders’ equity and condensed statements of cash flows in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). These financial statements should be read in conjunction with the consolidated financial statements incorporated by reference in the Annual Report on Form 10-K of Park for the fiscal year ended December 31, 2014 from Park’s 2014 Annual Report to Shareholders (“2014 Annual Report”). Certain prior period amounts have been reclassified to conform to the current period presentation. Additionally, prior period financial statements reflect the retrospective application of Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323):Accounting for Investments in Qualified Affordable Housing Projects.

Park’s significant accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report. For interim reporting purposes, Park follows the same basic accounting policies, as updated by the information contained in this report, and considers each interim period an integral part of an annual period.

Note 2 – Recent Accounting Pronouncements

ASU 2014-01- Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force): In January 2014, the Financial Accounting Standards Board (the "FASB") issued ASU 2014-01, Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). The ASU permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense. Additionally, a reporting entity should disclose information that enables users of its financial statements to understand the nature of its investments in qualified affordable housing projects, and the effect of the measurement of its investments in qualified affordable housing projects and the related tax credits on its financial position and results of operations. The new guidance became effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. Park adopted this guidance in the first quarter of 2015. The guidance was applied retrospectively to all prior periods presented. The adoption resulted in adjustments to reduce beginning retained earnings, other assets and the prior periods consolidated condensed statements of income. See Note 16 - Investment in Qualified Affordable Housing for further details.

ASU 2014-04 - Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force): In January 2014, FASB issued ASU 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The ASU clarifies when an in substance repossession or foreclosure occurs and a creditor is considered to have received physical possession of real estate property collateralizing a consumer mortgage loan. Specifically, the new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. Additional disclosures are required detailing the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgages collateralized by real estate property that are in the process of foreclosure. The new guidance is effective for annual periods, and interim reporting periods within those annual periods, beginning after

10

December 15, 2014. The adoption of this guidance as of January 1, 2015 did not have a material impact on Park's consolidated financial statements, but resulted in additional disclosures. See Note 5 - Other Real Estate Owned ("OREO").

ASU 2014-09 - Revenue from Contracts with Customers (Topic 606): In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. Management is currently evaluating the impact of the adoption of this guidance on Park's consolidated financial statements.

ASU 2014-11 - Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures: In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The amendments in this ASU change the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The amendments also require two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The accounting changes are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The disclosure for certain transactions accounted for as a sale is required to be presented for interim and annual periods beginning after December 15, 2014, with all other disclosure requirements required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The adoption of this guidance as of January 1, 2015 did not have an impact on Park's consolidated financial statements, but resulted in additional disclosures. See Note 17 - Repurchase Agreement Borrowings.

ASU 2015-02 - Consolidation (Topic 810): Amendments to the Consolidation Analysis: In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. The ASU amends the current consolidation guidance and affects both the variable interest entity and voting interest entity consolidation models. The new guidance is effective for annual reporting periods and interim reporting periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. Management is currently evaluating the impact of the adoption of this guidance on Park’s consolidated financial statements.

11

Note 3 – Loans

The composition of the loan portfolio, by class of loan, as of September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015						December 31, 2014
(In thousands)	Loan balance		Accrued interest receivable		Recorded investment		Loan balance		Accrued interest receivable		Recorded investment
Commercial, financial and agricultural *	$	909,025	$	3,478	$	912,503	$	856,535	$	3,218	$	859,753
Commercial real estate *	1,091,578		4,239		1,095,817		1,069,637		3,546		1,073,183
Construction real estate:
SEPH commercial land and development	2,069		—		2,069		2,195		—		2,195
Remaining commercial	115,987		279		116,266		115,139		300		115,439
Mortgage	35,554		78		35,632		31,148		72		31,220
Installment	6,762		19		6,781		7,322		23		7,345
Residential real estate:
Commercial	412,294		883		413,177		417,612		1,038		418,650
Mortgage	1,216,221		1,840		1,218,061		1,189,709		1,548		1,191,257
HELOC	213,488		755		214,243		216,915		803		217,718
Installment	24,297		79		24,376		27,139		97		27,236
Consumer	969,586		2,949		972,535		893,160		2,967		896,127
Leases	3,051		53		3,104		3,171		17		3,188
Total loans	$	4,999,912	$	14,652	$	5,014,564	$	4,829,682	$	13,629	$	4,843,311

* Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

Loans are shown net of deferred origination fees, costs and unearned income of $10.3 million at September 30, 2015 and $9.4 million at December 31, 2014, which represented a net deferred income position in both periods.

Overdrawn deposit accounts of $1.7 million and $2.3 million have been reclassified to loans at September 30, 2015 and December 31, 2014, respectively, and are included in the commercial, financial and agricultural loan class above.

12

Credit Quality

The following tables present the recorded investment in nonaccrual loans, accruing troubled debt restructurings (TDRs), and loans past due 90 days or more and still accruing by class of loan as of September 30, 2015 and December 31, 2014:

	September 30, 2015
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,142	$	1,015	$	—	$	19,157
Commercial real estate	14,565		3,097		—		17,662
Construction real estate:
SEPH commercial land and development	2,045		—		—		2,045
Remaining commercial	5,746		247		—		5,993
Mortgage	28		91		—		119
Installment	126		113		—		239
Residential real estate:
Commercial	23,787		583		—		24,370
Mortgage	19,529		9,915		469		29,913
HELOC	1,685		806		17		2,508
Installment	1,845		680		4		2,529
Consumer	3,497		654		1,065		5,216
Total loans	$	90,995	$	17,201	$	1,555	$	109,751

	December 31, 2014
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,826	$	297	$	229	$	19,352
Commercial real estate	19,299		2,690		—		21,989
Construction real estate:
SEPH commercial land and development	2,078		—		—		2,078
Remaining commercial	5,558		51		—		5,609
Mortgage	59		94		9		162
Installment	115		125		—		240
Residential real estate:
Commercial	24,336		594		—		24,930
Mortgage	21,869		10,349		1,329		33,547
HELOC	1,879		630		9		2,518
Installment	1,743		779		—		2,522
Consumer	4,631		723		1,133		6,487
Total loans	$	100,393	$	16,332	$	2,709	$	119,434

13

The following table provides additional information regarding those nonaccrual loans and accruing TDR loans that were individually evaluated for impairment and those collectively evaluated for impairment as of September 30, 2015 and December 31, 2014.

	September 30, 2015						December 31, 2014
(In thousands)	Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	19,157	$	19,154	$	3	$	19,123	$	19,106	$	17
Commercial real estate	17,662		17,662		—		21,989		21,989		—
Construction real estate:
SEPH commercial land and development	2,045		2,045		—		2,078		2,078		—
Remaining commercial	5,993		5,993		—		5,609		5,609		—
Mortgage	119		—		119		153		—		153
Installment	239		—		239		240		—		240
Residential real estate:
Commercial	24,370		24,370		—		24,930		24,930		—
Mortgage	29,444		—		29,444		32,218		—		32,218
HELOC	2,491		—		2,491		2,509		—		2,509
Installment	2,525		—		2,525		2,522		—		2,522
Consumer	4,151		—		4,151		5,354		—		5,354
Total loans	$	108,196	$	69,224	$	38,972	$	116,725	$	73,712	$	43,013

All of the loans individually evaluated for impairment were evaluated using the fair value of the underlying collateral or the present value of expected future cash flows as the measurement method.

The following table presents loans individually evaluated for impairment by class of loan as of September 30, 2015 and December 31, 2014.

	September 30, 2015						December 31, 2014
(In thousands)	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
With no related allowance recorded:
Commercial, financial and agricultural	$	18,724	$	4,758	$	—	$	30,601	$	17,883	$	—
Commercial real estate	12,285		12,044		—		27,923		20,696		—
Construction real estate:
SEPH commercial land and development	10,835		2,045		—		11,026		2,078		—
Remaining commercial	2,242		1,263		—		1,427		391		—
Residential real estate:
Commercial	23,940		22,264		—		25,822		23,352		—
With an allowance recorded:
Commercial, financial and agricultural	18,573		14,396		2,495		1,251		1,223		981
Commercial real estate	5,618		5,618		488		1,310		1,293		262
Construction real estate:
SEPH commercial land and development	—		—		—		—		—		—
Remaining commercial	4,730		4,730		2,118		5,218		5,218		1,812
Residential real estate:
Commercial	2,225		2,106		637		1,578		1,578		605
Total	$	99,172	$	69,224	$	5,738	$	106,156	$	73,712	$	3,660

14

Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. At September 30, 2015 and December 31, 2014, there were $25.7 million and $32.4 million, respectively, of partial charge-offs on loans individually evaluated for impairment with no related allowance recorded and $4.3 million and $45,000, respectively, of partial charge-offs on loans individually evaluated for impairment that also had a specific reserve allocated.

The allowance for loan losses included specific reserves of $5.7 million and $3.7 million related to loans individually evaluated for impairment at September 30, 2015 and December 31, 2014, respectively. These loans with specific reserves had a recorded investment of $26.9 million and $9.3 million as of September 30, 2015 and December 31, 2014, respectively.

Interest income on loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment of the loan. The following table presents the average recorded investment and interest income recognized subsequent to impairment on loans individually evaluated for impairment as of and for the three and nine months ended September 30, 2015 and September 30, 2014:

	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,793	$	35	$	23,186	$	18,764	$	68
Commercial real estate	17,662		17,453		132		21,303		30,644		327
Construction real estate:
SEPH commercial land and development	2,045		2,068		—		2,097		3,653		12
Remaining commercial	5,993		6,059		2		5,970		8,561		2
Residential real estate:
Commercial	24,370		24,560		240		23,640		27,765		255
Consumer	—		—		—		35		68		—
Total	$	69,224	$	69,933	$	409	$	76,231	$	89,455	$	664

	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,056	$	306	$	23,186	$	19,362	$	204
Commercial real estate	17,662		17,857		418		21,303		35,458		862
Construction real estate:
SEPH commercial land and development	2,045		2,073		8		2,097		4,130		134
Remaining commercial	5,993		5,771		13		5,970		9,587		56
Residential real estate:
Commercial	24,370		24,784		768		23,640		29,632		825
Consumer	—		—		—		35		521		—
Total	$	69,224	$	69,541	$	1,513	$	76,231	$	98,690	$	2,081

15

The following tables present the aging of the recorded investment in past due loans as of September 30, 2015 and December 31, 2014 by class of loan.

	September 30, 2015
(In thousands)	Accruing loans past due 30-89 days		Past due  nonaccrual loans and loans past due 90 days or more and  accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	213	$	3,619	$	3,832	$	908,671	$	912,503
Commercial real estate	917		796		1,713		1,094,104		1,095,817
Construction real estate:
SEPH commercial land and development	—		2,043		2,043		26		2,069
Remaining commercial	40		84		124		116,142		116,266
Mortgage	77		8		85		35,547		35,632
Installment	81		78		159		6,622		6,781
Residential real estate:
Commercial	257		18,292		18,549		394,628		413,177
Mortgage	10,064		9,295		19,359		1,198,702		1,218,061
HELOC	796		153		949		213,294		214,243
Installment	240		535		775		23,601		24,376
Consumer	9,716		3,109		12,825		959,710		972,535
Leases	—		—		—		3,104		3,104
Total loans	$	22,401	$	38,012	$	60,413	$	4,954,151	$	5,014,564

* Includes $1.6 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

	December 31, 2014
(in thousands)	Accruing loans past due 30-89 days		Past due nonaccrual  loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	6,482	$	7,508	$	13,990	$	845,763	$	859,753
Commercial real estate	808		8,288		9,096		1,064,087		1,073,183
Construction real estate:
SEPH commercial land and development	—		2,068		2,068		127		2,195
Remaining commercial	166		77		243		115,196		115,439
Mortgage	39		68		107		31,113		31,220
Installment	21		25		46		7,299		7,345
Residential real estate:
Commercial	250		19,592		19,842		398,808		418,650
Mortgage	11,146		10,637		21,783		1,169,474		1,191,257
HELOC	262		387		649		217,069		217,718
Installment	596		464		1,060		26,176		27,236
Consumer	11,304		3,818		15,122		881,005		896,127
Leases	—		—		—		3,188		3,188
Total loans	$	31,074	$	52,932	$	84,006	$	4,759,305	$	4,843,311

* Includes $2.7 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

16

Credit Quality Indicators

Management utilizes past due information as a credit quality indicator across the loan portfolio. Past due information as of September 30, 2015 and December 31, 2014 is included in the tables above. The past due information is the primary credit quality indicator within the following classes of loans: (1) mortgage loans and installment loans in the construction real estate segment; (2) mortgage loans, HELOC and installment loans in the residential real estate segment; and (3) consumer loans. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans on a scale from 1 to 8. Credit grades are continuously monitored by the responsible loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded an 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher loan loss reserve percentage is allocated to these loans. Loans classified as special mention have potential weaknesses that require management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of Park’s credit position at some future date. Commercial loans graded 6 (substandard), also considered to be watch list credits, are considered to represent higher credit risk and, as a result, a higher loan loss reserve percentage is allocated to these loans. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or the value of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Park will sustain some loss if the deficiencies are not corrected. Commercial loans that are graded a 7 (doubtful) are shown as nonaccrual and Park generally charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Certain 6-rated loans and all 7-rated loans are included within the impaired category. A loan is deemed impaired when management determines the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged off.

The tables below present the recorded investment by loan grade at September 30, 2015 and December 31, 2014 for all commercial loans:

	September 30, 2015
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	8,734	$	1,674	$	19,157	$	882,938	$	912,503
Commercial real estate *	14,676		5,317		17,662		1,058,162		1,095,817
Construction real estate:
SEPH commercial land and development	—		—		2,045		24		2,069
Remaining commercial	2,881		—		5,993		107,392		116,266
Residential real estate:
Commercial	2,490		2,035		24,370		384,282		413,177
Leases	—		—		—		3,104		3,104
Total commercial loans	$	28,781	$	9,026	$	69,227	$	2,435,902	$	2,542,936

 * Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

17

	December 31, 2014
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	1,874	$	1,201	$	19,123	$	837,555	$	859,753
Commercial real estate *	8,448		1,712		21,989		1,041,034		1,073,183
Construction real estate:
SEPH commercial land and development	—		—		2,078		117		2,195
Remaining commercial	3,349		57		5,609		106,424		115,439
Residential real estate:
Commercial	2,581		598		24,930		390,541		418,650
Leases	—		—		—		3,188		3,188
Total Commercial Loans	$	16,252	$	3,568	$	73,729	$	2,378,859	$	2,472,408

* Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

Troubled Debt Restructurings ("TDRs")

Management classifies loans as TDRs when a borrower is experiencing financial difficulties and Park has granted a concession to the borrower as part of a modification or in the loan renewal process. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of the borrower's debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. Management’s policy is to modify loans by extending the term or by granting a temporary or permanent contractual interest rate below the market rate, not by forgiving debt. Certain loans which were modified during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014 did not meet the definition of a TDR as the modification was a delay in a payment that was considered to be insignificant. Management considers a forbearance period of up to three months or a delay in payment of up to 30 days to be insignificant. TDRs may be classified as accruing if the borrower has been current for a period of at least six months with respect to loan payments and management expects that the borrower will be able to continue to make payments in accordance with the terms of the restructured note. Management reviews all accruing TDRs quarterly to ensure payments continue to be made in accordance with the modified terms.

Management reviews renewals/modifications of loans previously identified as TDRs to consider if it is appropriate to remove the TDR classification. If the borrower is no longer experiencing financial difficulty and the renewal/modification does not contain a concessionary interest rate or other concessionary terms, management considers the potential removal of the TDR classification. If deemed appropriate, the TDR classification is removed as the borrower has complied with the terms of the loan at the date of the renewal/modification and there was a reasonable expectation that the borrower would continue to comply with the terms of the loan subsequent to the date of the renewal/modification. The majority of these TDRs were originally considered restructurings in a prior year as a result of a renewal/modification with an interest rate that was not commensurate with the risk of the underlying loan at the time of the renewal/modification. The TDR classification was not removed on any loans during the three-month and nine-month periods ended September 30, 2015. During the three-month and nine-month periods ended September 30, 2014, Park removed the TDR classification on $0.9 million and $2.5 million of loans that met the requirements discussed above.

At September 30, 2015 and December 31, 2014, there were $41.9 million and $47.5 million, respectively, of TDRs included in the nonaccrual loan totals. At September 30, 2015 and December 31, 2014, $19.0 million and $15.7 million of these nonaccrual TDRs were performing in accordance with the terms of the restructured note. As of September 30, 2015 and December 31, 2014, there were $17.2 million and $16.3 million, respectively, of TDRs included in accruing loan totals. Management will continue to review the restructured loans and may determine it appropriate to move certain of the loans back to accrual status in the future.

At September 30, 2015 and December 31, 2014, Park had commitments to lend $3.3 million and $1.4 million, respectively, of additional funds to borrowers whose outstanding loan terms had been modified in a TDR.

18

The specific reserve related to TDRs at September 30, 2015 and December 31, 2014 was $3.3 million and $2.4 million, respectively. Modifications made in 2014 and 2015 were largely the result of renewals and extending the maturity date of the loan at terms consistent with the original note. These modifications were deemed to be TDRs primarily due to Park’s conclusion that the borrower would likely not have qualified for similar terms through another lender. Many of the modifications deemed to be TDRs were previously identified as impaired loans, and thus were also previously evaluated for impairment under Accounting Standards Codification (ASC) 310.  Additional specific reserves of $212,000 and $1.2 million were recorded during the three-month and nine-month periods ended September 30, 2015, respectively, as a result of TDRs identified in 2015. Additional specific reserves of $258,000 and $537,000 were recoded during the three-month and nine-month periods ended September 30, 2014, respectively, as a result of TDRs identified in 2014.

The terms of certain other loans were modified during the nine-month periods ended September 30, 2015 and September 30, 2014 that did not meet the definition of a TDR. Modified substandard commercial loans which did not meet the definition of a TDR had a total recorded investment as of September 30, 2015 and September 30, 2014 of $245,000 and $443,000, respectively. The renewal/modification of these loans: (1) involved a renewal/modification of the terms of a loan to a borrower who was not experiencing financial difficulties, (2) resulted in a delay in a payment that was considered to be insignificant, or (3) resulted in Park obtaining additional collateral or guarantees that improved the likelihood of the ultimate collection of the loan such that the modification was deemed to be at market terms.  Modified consumer loans which did not meet the definition of a TDR had a total recorded investment of $12.8 million and $17.6 million, as of September 30, 2015 and September 30, 2014, respectively. Many of these loans were to borrowers who were not experiencing financial difficulties but who were looking to reduce their cost of funds.

The following tables detail the number of contracts modified as TDRs during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, as well as the recorded investment of these contracts at September 30, 2015 and September 30, 2014. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically provide for forgiveness of principal.

	Three Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	8	$	245	$	3,818	$	4,063
Commercial real estate	5	—		1,512		1,512
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	1	200		—		200
Mortgage	9	—		748		748
HELOC	5	16		31		47
Installment	1	—		4		4
Consumer	61	51		412		463
Total loans	91	$	708	$	6,525	$	7,233

19

	Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	14	$	776	$	1,025	$	1,801
Commercial real estate	2	—		622		622
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	2	—		312		312
Mortgage	11	508		356		864
HELOC	2	—		29		29
Installment	3	133		9		142
Consumer	87	415		344		759
Total loans	121	$	1,832	$	2,697	$	4,529

Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2015, $160,000 were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2014, $205,000 were on nonaccrual status as of December 31, 2013.

	Nine Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	33	$	1,014	$	5,168	$	6,182
Commercial real estate	11	—		2,525		2,525
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	1	—		20		20
Installment	—	—		—		—
Residential real estate:
Commercial	10	200		1,144		1,344
Mortgage	24	325		1,199		1,524
HELOC	21	242		105		347
Installment	4	—		36		36
Consumer	217	71		748		819
Total loans	322	$	2,048	$	10,945	$	12,993

20

	Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	24	$	776	$	1,065	$	1,841
Commercial real estate	8	—		905		905
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	2	—		207		207
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	4	—		333		333
Mortgage	31	749		1,104		1,853
HELOC	7	93		195		288
Installment	9	228		12		240
Consumer	246	726		460		1,186
Total loans	331	$	2,572	$	4,281	$	6,853

Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2015, $1.0 million were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2014, $1.0 million were on nonaccrual status as of December 31, 2013.

The following tables present the recorded investment in financing receivables which were modified as TDRs within the previous 12 months and for which there was a payment default during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, respectively. For these tables, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.

	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	3	$	62
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		18	1,205
HELOC	—	—		1	166
Installment	1	28		2	115
Consumer	50	310		54	486
Leases	—	—		—	—
Total loans	72	$	2,664	80	$	2,228

21

Of the $2.7 million in modified TDRs which defaulted during the three months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.2 million in modified TDRs which defaulted during the three months ended September 30, 2014, $160,000 were accruing loans and $2.1 million were nonaccrual loans.

	Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	4	$	111
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		21	1,354
HELOC	—	—		1	166
Installment	1	28		3	118
Consumer	55	356		65	564
Leases	—	—		—	—
Total loans	77	$	2,710	96	$	2,507

Of the $2.7 million in modified TDRs which defaulted during the nine months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.5 million in modified TDRs which defaulted during the nine months ended September 30, 2014, $261,000 were accruing loans and $2.2 million were nonaccrual loans.

Note 4 – Allowance for Loan Losses

The allowance for loan losses is that amount management believes is adequate to absorb probable incurred credit losses in the loan portfolio based on management’s evaluation of various factors including overall growth in the loan portfolio, an analysis of individual loans, prior and current loss experience, and current economic conditions. A provision for loan losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors as discussed within Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report.

Management updates historical losses annually in the fourth quarter, or more frequently as deemed appropriate. With the inclusion of 2013 net charge-off information, management concluded that it was no longer appropriate to calculate the historical loss average with an even allocation across the five-year period. Rather than apply a 20% allocation to each year in the calculation of the historical annualized loss factor, management determined that it was appropriate to more heavily weight those years with higher losses in the historical loss calculation, given the continued uncertainty in the current economic environment. Specifically, rather than applying equal percentages to each year in the historical loss calculation, management applied more weight to the 2009-2011 periods compared to the 2012 and 2013 periods.

With the inclusion of 2014 net charge-off information in the fourth quarter of 2014, management extended the historical loss period to six years. Due to the same factors that management considered in 2013, management applied more weight to 2009 through 2011 periods compared to the 2012 through 2014 periods.

22

The activity in the allowance for loan losses for the three and nine months ended September 30, 2015 and September 30, 2014 is summarized below.

	Three Months Ended September 30, 2015
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate			Consumer		Leases		Total
Allowance for loan losses:
Beginning balance	$	12,124	$	9,467		$	8,670		$	15,268		$	11,898	$	—	$	57,427
Charge-offs	829		46			4			575			2,262		—		3,716
Recoveries	415		386			274			461			832		—		2,368
Net charge-offs/(recoveries)	414		(340		)	(270		)	114			1,430		—		1,348
Provision/(recovery)	1,549		(352		)	50			(132		)	1,289		—		2,404
Ending balance	$	13,259	$	9,455		$	8,990		$	15,022		$	11,757	$	—	$	58,483

	Three Months Ended September 30, 2014
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate			Residential real estate		Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	14,196	$	11,062	$	7,821		$	14,519	$	10,313	$	—		$	57,911
Charge-offs	874		463		11			623		2,014		—			3,985
Charge-offs upon transfer to held for sale	597		1,467		1,262			1,012		—		—			4,338
Recoveries	161		161		2,368			284		607		4			3,585
Net charge-offs/(recoveries)	1,310		1,769		(1,095		)	1,351		1,407		(4		)	4,738
Provision/(recovery)	136		1,136		(262		)	1,678		1,817		(4		)	4,501
Ending balance	$	13,022	$	10,429	$	8,654		$	14,846	$	10,723	$	—		$	57,674

	Nine Months Ended September 30, 2015
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate			Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	10,719	$	8,808		$	8,652		$	14,772		$	11,401	$	—		$	54,352
Charge-offs	1,680		329			41			1,732			6,379		—			10,161
Recoveries	987		2,188			1,238			1,808			2,420		3			8,644
Net charge-offs/(recoveries)	693		(1,859		)	(1,197		)	(76		)	3,959		(3		)	1,517
Provision/(recovery)	3,233		(1,212		)	(859		)	174			4,315		(3		)	5,648
Ending balance	$	13,259	$	9,455		$	8,990		$	15,022		$	11,757	$	—		$	58,483

	Nine Months Ended September 30, 2014
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate		Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	14,218	$	15,899		$	6,855		$	14,251	$	8,245	$	—		$	59,468
Charge-offs	1,727		6,531			35			1,899		5,315		—			15,507
Charge-offs upon transfer to held for sale	597		1,467			1,262			1,012		—		—			4,338
Recoveries	755		4,074			8,342			1,877		1,981		6			17,035
Net charge-offs/(recoveries)	1,569		3,924			(7,045		)	1,034		3,334		(6		)	2,810
Provision/(recovery)	373		(1,546		)	(5,246		)	1,629		5,812		(6		)	1,016
Ending balance	$	13,022	$	10,429		$	8,654		$	14,846	$	10,723	$	—		$	57,674

23

Loans collectively evaluated for impairment in the following tables include all performing loans at September 30, 2015 and December 31, 2014, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the allowance for loan losses. Loans individually evaluated for impairment include all impaired loans internally classified as commercial loans at September 30, 2015 and December 31, 2014, which are evaluated for impairment in accordance with U.S. GAAP (see Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report).

The composition of the allowance for loan losses at September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	2,495		$	488		$	2,118		$	637		$	—		$	—		$	5,738
Collectively evaluated for impairment	10,764			8,967			6,872			14,385			11,757			—			52,745
Total ending allowance balance	$	13,259		$	9,455		$	8,990		$	15,022		$	11,757		$	—		$	58,483
Loan balance:
Loans individually evaluated for impairment	$	19,150		$	17,651		$	8,038		$	24,349		$	—		$	—		$	69,188
Loans collectively evaluated for impairment	889,875			1,073,927			152,334			1,841,951			969,586			3,051			4,930,724
Total ending loan balance	$	909,025		$	1,091,578		$	160,372		$	1,866,300		$	969,586		$	3,051		$	4,999,912
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	13.03		%	2.76		%	26.35		%	2.62		%	—		%	—		%	8.29		%
Loans collectively evaluated for impairment	1.21		%	0.83		%	4.51		%	0.78		%	1.21		%	—		%	1.07		%
Total	1.46		%	0.87		%	5.61		%	0.80		%	1.21		%	—		%	1.17		%
Recorded investment:
Loans individually evaluated for impairment	$	19,154		$	17,662		$	8,038		$	24,370		$	—		$	—		$	69,224
Loans collectively evaluated for impairment	893,349			1,078,155			152,710			1,845,487			972,535			3,104			4,945,340
Total ending recorded investment	$	912,503		$	1,095,817		$	160,748		$	1,869,857		$	972,535		$	3,104		$	5,014,564

24

	December 31, 2014
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	981		$	262		$	1,812		$	605		$	—		$	—		$	3,660
Collectively evaluated for impairment	9,738			8,546			6,840			14,167			11,401			—			50,692
Total ending allowance balance	$	10,719		$	8,808		$	8,652		$	14,772		$	11,401		$	—		$	54,352
Loan balance:
Loans individually evaluated for impairment	$	19,103		$	21,978		$	7,690		$	24,905		$	—		$	—		$	73,676
Loans collectively evaluated for impairment	837,432			1,047,659			148,114			1,826,470			893,160			3,171			4,756,006
Total ending loan balance	$	856,535		$	1,069,637		$	155,804		$	1,851,375		$	893,160		$	3,171		$	4,829,682
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	5.14		%	1.19		%	23.56		%	2.43		%	—		%	—		%	4.97		%
Loans collectively evaluated for impairment	1.16		%	0.82		%	4.62		%	0.78		%	1.28		%	—		%	1.07		%
Total	1.25		%	0.82		%	5.55		%	0.80		%	1.28		%	—		%	1.13		%
Recorded investment:
Loans individually evaluated for impairment	$	19,106		$	21,989		$	7,687		$	24,930		$	—		$	—		$	73,712
Loans collectively evaluated for impairment	840,647			1,051,194			148,512			1,829,931			896,127			3,188			4,769,599
Total ending recorded investment	$	859,753		$	1,073,183		$	156,199		$	1,854,861		$	896,127		$	3,188		$	4,843,311

Note 5 – Other Real Estate Owned ("OREO")

Management transfers a loan to OREO at the time that Park takes deed/title of the asset. The carrying amount of foreclosed properties held at September 30, 2015 and December 31, 2014 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	September 30, 2015		December 31, 2014
OREO:
Commercial real estate	$	8,342	$	6,352
Construction real estate	8,225		11,281
Residential real estate	3,569		4,972
Total OREO	20,136		$	22,605
Loans in process of foreclosure:
Residential real estate	$	1,996	$	2,807

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Note 6 – Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2015 and 2014.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except share and per common share data)	2015		2014		2015		2014
Numerator:
Net income available to common shareholders	$	20,040	$	18,269	$	60,123	$	59,656
Denominator:
Denominator for basic earnings per common share (weighted average common shares outstanding)	15,361,087		15,392,421		15,370,380		15,395,320
Effect of dilutive performance-based restricted stock units	40,721		21,243		41,131		18,305
Denominator for diluted earnings per common share (weighted average common shares outstanding adjusted for the effect of dilutive performance-based restricted stock units)	15,401,808		15,413,664		15,411,511		15,413,625
Earnings per common share:
Basic earnings per common share	$	1.30	$	1.19	$	3.91	$	3.87
Diluted earnings per common share	$	1.30	$	1.19	$	3.90	$	3.87

Park awarded 23,025 and 21,975 performance-based restricted stock units ("PBRSUs") to certain employees during the nine months ended September 30, 2015 and 2014, respectively. No PBRSUs were awarded during the three months ended September 30, 2015 and 2014. The PBRSUs vest based on service and performance conditions. The dilutive effect of the PBRSUs was the addition of 40,721 and 21,243 common shares for the three months ended September 30, 2015 and 2014, respectively, and 41,131 and 18,305 common shares for the nine months ended September 30, 2015 and 2014, respectively.

During the nine months ended September 30, 2015 and 2014, Park repurchased 41,500 and 19,500 common shares, respectively, to fund the PBRSUs. Park repurchased 20,000 common shares during the three months ended September 30, 2015 and no common shares were repurchased during the three months ended September 30, 2014.

Note 7 – 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.

26

	Operating Results for the three months ended September 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income	$	55,972	$	1,643	$	65		$	35		$	57,715
Provision for (recovery of) loan losses	2,587		282		(465		)	—			2,404
Other income	19,699		1		347			144			20,191
Other expense	43,144		726		1,456			2,103			47,429
Income (loss) before income taxes	$	29,940	$	636	$	(579	)	$	(1,924	)	$	28,073
Federal income taxes (benefit)	9,233		242		(203		)	(1,239		)	8,033
Net income (loss)	$	20,707	$	394	$	(376	)	$	(685	)	$	20,040
Assets (as of September 30, 2015)	$	7,216,773	$	36,517	$	37,938		$	9,112		$	7,300,340

	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	38,992		774		3,332			1,874			44,972
Income (loss) before income taxes	$	28,296	$	639	$	43		$	(2,346	)	$	26,632
Federal income taxes (benefit)	9,093		223		15			(968		)	8,363
Net income (loss)	$	19,203	$	416	$	28		$	(1,378	)	$	18,269
Assets (as of September 30, 2014)	$	6,913,425	$	41,104	$	53,025		$	3,701		$	7,011,255

	Operating Results for the nine months ended September 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	164,559	$	5,014	$	(37	)	$	229		$	169,765
Provision for (recovery of) loan losses	7,329		1,086		(2,767		)	—			5,648
Other income	56,431		2		1,434			388			58,255
Other expense	124,662		2,264		4,939			5,951			137,816
Income (loss) before income taxes	$	88,999	$	1,666	$	(775	)	$	(5,334	)	$	84,556
Federal income taxes (benefit)	27,800		584		(271		)	(3,680		)	24,433
Net income (loss)	$	61,199	$	1,082	$	(504	)	$	(1,654	)	$	60,123

	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	119,408		2,361		9,266			5,957			136,992
Income (loss) before income taxes	$	89,338	$	2,305	$	1,146		$	(7,332	)	$	85,457
Federal income taxes (benefit)	28,398		807		401			(3,805		)	25,801
Net income (loss)	$	60,940	$	1,498	$	745		$	(3,527	)	$	59,656

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

27

Note 8 – Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At September 30, 2015 and December 31, 2014, respectively, Park had approximately $11.4 million and $5.3 million in mortgage loans held for sale. These amounts are included in loans on the consolidated condensed balance sheets and in residential real estate loan segments in Note 3 and Note 4. The contractual balance was $11.2 million and $5.2 million at September 30, 2015 and December 31, 2014, respectively. The gain expected upon sale was $172,000 and $80,000 at September 30, 2015 and December 31, 2014, respectively. None of these loans were 90 days or more past due or on nonaccrual status as of September 30, 2015 or December 31, 2014.

During the nine-month period ended September 30, 2015, Park transferred to held for sale and sold certain commercial loans previously held for investment, with a book balance of $144,000, and recognized a gain of $756,000. There were no commercial loans held for sale or sold during the three months ended September 30, 2015. There were $22.0 million of commercial loans held for sale at September 30, 2014. They were subsequently sold in the fourth quarter of 2014 for a net gain on sale of $1.9 million.

Note 9 – Investment Securities

The amortized cost and fair value of investment securities are shown in the following tables. Management performs a quarterly evaluation of investment securities for any other-than-temporary impairment. For the three-month and nine-month periods ended September 30, 2015 and 2014, there were no investment securities deemed to be other-than-temporarily impaired.

Investment securities at September 30, 2015, were as follows:

Securities Available-for-Sale (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated  Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	546,888	$	260	$	2,097	$	545,051
U.S. Government sponsored entities' asset-backed securities	734,014		13,766		2,000		745,780
Other equity securities	1,120		1,513		—		2,633
Total	$	1,282,022	$	15,539	$	4,097	$	1,293,464

Securities Held-to-Maturity (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated Fair Value
U.S. Government sponsored entities' asset-backed securities	$	111,415	$	2,110	$	82	$	113,443
Obligations of states and political subdivisions	$	6,094	$	48	$	—	$	6,142
Total	$	117,509	$	2,158	$	82	$	119,585

28

 Securities with unrealized losses at September 30, 2015, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Securities Available-for-Sale
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	179,452	$	548	$	215,339	$	1,549	$	394,791	$	2,097
U.S. Government sponsored entities' asset-backed securities	$	—	$	—	$	121,059	$	2,000	$	121,059	$	2,000
Total	$	179,452	$	548	$	336,398	$	3,549	$	515,850	$	4,097
Securities Held-to-Maturity
U.S. Government sponsored entities' asset-backed securities	$	—	$	—	$	7,899	$	82	$	7,899	$	82

Investment securities at December 31, 2014, were as follows:

Securities Available-for-Sale (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated  Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	546,886	$	11	$	8,833	$	538,064
U.S. Government sponsored entities' asset-backed securities	751,974		13,421		4,242		761,153
Other equity securities	1,120		1,578		—		2,698
Total	$	1,299,980	$	15,010	$	13,075	$	1,301,915

Securities Held-to-Maturity (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated Fair Value
U.S. Government sponsored entities' asset-backed securities	$	140,562	$	3,088	$	160	$	143,490

Securities with unrealized losses at December 31, 2014, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Securities Available-for-Sale
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	119,913	$	87	$	388,140	$	8,746	$	508,053	$	8,833
U.S. Government sponsored entities' asset-backed securities	73,276		136		170,430		4,106		243,706		4,242
Total	$	193,189	$	223	$	558,570	$	12,852	$	751,759	$	13,075
Securities Held-to-Maturity
U.S. Government sponsored entities' asset-backed securities	$	8,032	$	148	$	2,714	$	12	$	10,746	$	160

29

Management does not believe any of the unrealized losses at September 30, 2015 or December 31, 2014 represented other-than-temporary impairment. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized within net income in the period the other-than-temporary impairment is identified.

Park’s U.S. Government sponsored entities' asset-backed securities consist of 15-year residential mortgage-backed securities and collateralized mortgage obligations.

The amortized cost and estimated fair value of investments in debt securities at September 30, 2015, are shown in the following table by contractual maturity or the expected call date, except for asset-backed securities, which are shown as a single total, due to the unpredictability of the timing of principal repayments.

Securities Available-for-Sale (In thousands)	Amortized cost		Fair value		Tax equivalent yield
U.S. Treasury and sponsored entities' obligations:
Due within one year	150,000		150,257		1.39	%
Due five through ten years	396,888		394,794		2.43	%
Total	$	546,888	$	545,051	2.14	%
U.S. Government sponsored entities' asset-backed securities:	$	734,014	$	745,780	2.31	%

Securities Held-to-Maturity (In thousands)	Amortized cost		Fair value		Tax equivalent yield
Obligations of state and political subdivisions:
Due five through ten years	$	6,094	$	6,142	5.03	%
Total	$	6,094	$	6,142	5.03	%
U.S. Government sponsored entities' asset-backed securities	$	111,415	$	113,443	3.49	%

The $545.1 million of Park’s securities shown at fair value in the above table as U.S. Treasury and sponsored entities' obligations are callable notes. These callable securities have final maturities of 2 to 7 years. Of the $545.1 million reported at September 30, 2015, $150.3 million were expected to be called. The remaining average life of the investment portfolio is estimated to be 5.2 years.

There were no sales of investment securities during the three-month and nine-month periods ended September 30, 2015 and the three-month period ended September 30, 2014. Securities with an amortized cost of $468,000 were sold at a gain of $20,000 during the nine-month period ended September 30, 2014.

Note 10 – Other Investment Securities

Other investment securities consist of stock investments in the Federal Home Loan Bank ("FHLB") and the Federal Reserve Bank ("FRB"). These restricted stock investments are carried at their redemption value.

	September 30, 2015		December 31, 2014
(In thousands)
Federal Home Loan Bank stock	$	50,086	$	50,086
Federal Reserve Bank stock	8,225		8,225
Total	$	58,311	$	58,311

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Note 11 - Share-Based Compensation

The Park National Corporation 2013 Long-Term Incentive Plan (the "2013 Incentive Plan") was adopted by the Board of Directors of Park on January 28, 2013 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 22, 2013. The 2013 Incentive Plan makes equity-based awards and cash-based awards available for grant to participants in the form of incentive stock options, nonqualified stock options, stock appreciation rights, restricted common shares, restricted stock unit awards that may be settled in common shares, cash or a combination of the two, unrestricted common shares and cash-based awards. Under the 2013 Incentive Plan, 600,000 common shares are authorized to be issued and delivered in connection with grants under the 2013 Incentive Plan. The common shares to be issued and delivered under the 2013 Incentive Plan may consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. No awards may be made under the 2013 Incentive Plan after April 22, 2023. At September 30, 2015, 534,250 common shares were available for future grants under the 2013 Incentive Plan.

On January 24, 2014, the Compensation Committee of the Board of Directors of Park granted awards of an aggregate of 21,975 performance-based restricted stock units (“PBRSUs”) to certain employees of Park, which grants were effective on January 24, 2014. On January 2, 2015, the Compensation Committee of the Board of Directors of Park granted awards of an aggregate of 23,025 PBRSUs to certain employees of Park, which grants were effective on January 2, 2015. The number of PBRSUs earned or settled will depend on certain performance conditions and are also subject to service-based vesting.

Share-based compensation expense of $234,000 and $135,000 was recognized for the three-month periods ended September 30, 2015 and 2014, respectively. Share-based compensation expense of $704,000 and $355,000 was recognized for the nine-month periods ended September 30, 2015 and 2014, respectively. Park expects to recognize additional share-based compensation expense of approximately $885,000 through the first quarter of 2018 related to PBRSUs granted in 2014 and approximately $1.4 million through the first quarter of 2019 related to PBRSUs granted in 2015.

Note 12 – Pension Plan

Park has a noncontributory defined benefit pension plan covering substantially all of its employees. The plan provides benefits based on an employee’s years of service and compensation.

Park generally contributes annually an amount that can be deducted for federal income tax purposes using a different actuarial cost method and different assumptions from those used for financial reporting purposes. There were no pension plan contributions for the three-month and nine-month periods ended September 30, 2015 and 2014.

The following table shows the components of net periodic benefit income:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Service cost	$	1,342		$	1,083		$	4,026		$	3,249
Interest cost	1,174			1,144			3,522			3,432
Expected return on plan assets	(2,855		)	(2,717		)	(8,565		)	(8,151		)
Amortization of prior service cost	4			5			12			15
Recognized net actuarial loss	159			—			477			—
Net periodic benefit income	$	(176	)	$	(485	)	$	(528	)	$	(1,455	)

Note 13 – Loan Servicing

Park serviced sold mortgage loans of $1.27 billion at each of September 30, 2015, December 31, 2014 and September 30, 2014. At September 30, 2015, $5.7 million of the sold mortgage loans were sold with recourse, compared to $7.0 million at December 31, 2014 and $7.6 million at September 30, 2014. Management closely monitors the delinquency rates on the mortgage loans sold with recourse. At September 30, 2015 and December 31, 2014, management had established reserves of $827,000 and $379,000, respectively, to account for expected loan repurchases.

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When Park sells mortgage loans with servicing rights retained, servicing rights are initially recorded at fair value. Park selected the “amortization method” as permissible within U.S. GAAP, whereby the servicing rights capitalized are amortized in proportion to and over the period of estimated future servicing income of the underlying loan. At the end of each reporting period, the carrying value of mortgage servicing rights (“MSRs”) is assessed for impairment with a comparison to fair value. MSRs are carried at the lower of their amortized cost or fair value.

 Activity for MSRs and the related valuation allowance follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	8,561		$	8,662		$	8,613		$	9,013
Additions	476			275			1,283			713
Amortization	(436		)	(421		)	(1,266		)	(1,249		)
Changes in valuation allowance	211			116			182			155
Carrying amount, net, end of period	$	8,812		$	8,632		$	8,812		$	8,632
Valuation allowance:
Beginning of period	$	855		$	992		$	826		$	1,031
Changes in valuation allowance	(211		)	(116		)	(182		)	(155		)
End of period	$	644		$	876		$	644		$	876

Servicing fees included in other service income were $0.8 million and $2.5 million for the three and nine months ended September 30, 2015, respectively. Servicing fees included in other service income were $0.8 million and $2.6 million for the three and nine months ended September 30, 2014, respectively.

Note 14 – Fair Value

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows:

• Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date.

• Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of “matrix pricing” to value debt securities absent the exclusive use of quoted prices.

• Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of impaired loans is typically based on the fair value of the underlying collateral, which is estimated through third-party appraisals in accordance with Park's valuation requirements per its commercial and real estate loan policies.

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Assets and Liabilities Measured at Fair Value on a Recurring Basis:

The following table presents assets and liabilities measured at fair value on a recurring basis:

Fair Value Measurements at September 30, 2015 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2015
Assets
Investment securities:
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	—	$	545,051	$	—	$	545,051
U.S. Government sponsored entities’ asset-backed securities	—		745,780		—		745,780
Equity securities	1,876		—		757		2,633
Mortgage loans held for sale	—		11,403		—		11,403
Mortgage IRLCs	—		195		—		195
Liabilities
Fair value swap	$	—	$	—	$	226	$	226

Fair Value Measurements at December 31, 2014 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2014
Assets
Investment securities:
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	—	$	538,064	$	—	$	538,064
U.S. Government sponsored entities’ asset-backed securities	—		761,153		—		761,153
Equity securities	1,922		—		776		2,698
Mortgage loans held for sale	—		5,264		—		5,264
Mortgage IRLCs	—		70		—		70
Liabilities
Fair value swap	$	—	$	—	$	226	$	226

There were no transfers between Level 1 and Level 2 during the nine months ended September 30, 2015 or 2014. Management’s policy is to transfer assets or liabilities from one level to another when the methodology to obtain the fair value changes such that there are more or fewer unobservable inputs as of the end of the reporting period.

The following methods and assumptions were used by the Company in determining fair value of the financial assets and liabilities discussed above:

Investment securities: Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows.

Fair value swap: The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses.

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Mortgage Interest Rate Lock Commitments (IRLCs): IRLCs are based on current secondary market pricing and are classified as Level 2.

Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using security prices for similar product types and, therefore, are classified in Level 2.

The table below is a reconciliation of the beginning and ending balances of the Level 3 inputs for the three and nine months ended September 30, 2015 and 2014, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements

Three months ended September 30, 2015 and 2014

(In thousands)	Equity Securities		Fair value swap
Balance, at July 1, 2015	$	744	$	(226	)
Total gains/(losses)
Included in earnings – realized	—		—
Included in earnings – unrealized	—		—
Included in other comprehensive income (loss)	13		—
Purchases, sales, issuances and settlements, other	—		—
Re-evaluation of fair value swap, recorded in other expense	—		—
Balance at September 30, 2015	$	757	$	(226	)
Balance, at July 1, 2014	$	747	$	(135	)
Total gains/(losses)
Included in earnings – realized	—		—
Included in earnings – unrealized	—		—
Included in other comprehensive income (loss)	14		—
Purchases, sales, issuances and settlements, other	—		—
Re-evaluation of fair value swap	—		(91		)
Balance at September 30, 2014	$	761	$	(226	)

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Level 3 Fair Value Measurements

Nine months ended September 30, 2015 and 2014

(In thousands)	Equity Securities			Fair value swap
Balance, at January 1, 2015	$	776		$	(226	)
Total gains/(losses)
Included in earnings – realized	—			—
Included in earnings – unrealized	—			—
Included in other comprehensive income (loss)	(19		)	—
Purchases, sales, issuances and settlements, other	—			—
Re-evaluation of fair value swap, recorded in other expense	—			—
Balance at September 30, 2015	$	757		$	(226	)
Balance, at January 1, 2014	$	759		$	(135	)
Total gains/(losses)
Included in earnings – realized	—			—
Included in earnings – unrealized	—			—
Included in other comprehensive income (loss)	2			—
Purchases, sales, issuances and settlements, other	—			—
Re-evaluation of fair value swap	—			(91		)
Balance at September 30, 2014	$	761		$	(226	)

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis:

The following methods and assumptions were used by the Company in determining the fair value of assets and liabilities measured at fair value on a nonrecurring basis described below:

Impaired Loans: At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value have been partially charged-off or receive specific allocations of the allowance for loan losses. For collateral dependent loans, fair value is generally based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Additionally, updated independent valuations are obtained annually for all impaired loans in accordance with Company policy.

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Other Real Estate Owned (OREO): Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Fair value is based on recent real estate appraisals and is updated at least annually. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value.

Appraisals for both collateral dependent impaired loans and OREO are performed by licensed appraisers. Appraisals are generally obtained to support the fair value of collateral. In general, there are three types of appraisals, real estate appraisals, income approach appraisals, and lot development loan appraisals, received by the Company. These are discussed below:

• Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales prices of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 15% discount to real estate appraised values which management expects will cover all disposition costs (including selling costs). This 15% discount is based on historical discounts to appraised values on sold OREO properties.

• Income approach appraisals typically incorporate the annual net operating income of the business divided by an appropriate capitalization rate, as determined by the appraiser. Management generally applies a 15% discount to income approach appraised values which management expects will cover all disposition costs (including selling costs).

• Lot development loan appraisals are typically performed using a discounted cash flow analysis. Appraisers determine an anticipated absorption period and a discount rate that takes into account an investor’s required rate of return based on recent comparable sales. Management generally applies a 6% discount to lot development appraised values, which is an additional discount above the net present value calculation included in the appraisal, to account for selling costs.

MSRs: MSRs are carried at the lower of cost or fair value. MSRs do not trade in active, open markets with readily observable prices. For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available. As such, management, with the assistance of a third-party specialist, determines fair value based on the discounted value of the future cash flows estimated to be received. Significant inputs include the discount rate and assumed prepayment speeds. The calculated fair value is then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified as Level 2.

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The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Collateral dependent impaired loans are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken to the property's value subsequent to the initial measurement.

Fair Value Measurements at September 30, 2015 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2015
Impaired loans recorded at fair value:
Commercial real estate	$	—	$	—	$	5,785	$	5,785
Construction real estate:
SEPH commercial land and development	—		—		2,045		2,045
Remaining commercial	—		—		2,696		2,696
Residential real estate	—		—		2,073		2,073
Total impaired loans recorded at fair value	$	—	$	—	$	12,599	$	12,599
Mortgage servicing rights	$	—	$	3,023	$	—	$	3,023
OREO:
Commercial real estate	—		—		2,804		2,804
Construction real estate	—		—		4,354		4,354
Residential real estate	—		—		1,757		1,757
Total OREO	$	—	$	—	$	8,915	$	8,915

Fair Value Measurements at December 31, 2014 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2014
Impaired loans recorded at fair value:
Commercial real estate	$	—	$	—	$	8,481	$	8,481
Construction real estate:
SEPH commercial land and development	—		—		2,078		2,078
Remaining commercial	—		—		3,483		3,483
Residential real estate	—		—		2,921		2,921
Total impaired loans recorded at fair value	$	—	$	—	$	16,963	$	16,963
Mortgage servicing rights	$	—	$	2,928	$	—	$	2,928
OREO:
Commercial real estate	—		—		1,470		1,470
Construction real estate	—		—		6,473		6,473
Residential real estate	—		—		2,369		2,369
Total OREO	$	—	$	—	$	10,312	$	10,312

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The table below provides additional detail on those impaired loans which are recorded at fair value as well as the remaining impaired loan portfolio not included above. The remaining impaired loans consist of loans which are not collateral dependent as well as loans carried at cost as the fair value of the underlying collateral or the present value of expected future cash flows on each of the loans exceeded the book value for each respective credit.

	September 30, 2015
(In thousands)	Recorded Investment		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Impaired loans recorded at fair value	$	15,841	$	11,837	$	3,242	$	12,599
Remaining impaired loans	53,383		18,147		2,496		50,887
Total impaired loans	$	69,224	$	29,984	$	5,738	$	63,486

	December 31, 2014
(In thousands)	Recorded Investment		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Impaired loans recorded at fair value	$	19,643	$	19,731	$	2,680	$	16,963
Remaining impaired loans	54,069		12,749		980		53,089
Total impaired loans	$	73,712	$	32,480	$	3,660	$	70,052

The income from credit adjustments related to impaired loans carried at fair value during the three months ended September 30, 2015 and 2014 was $0.1 million and $0.2 million, respectively. The expense of credit adjustments related to impaired loans carried at fair value during the nine months ended September 30, 2015 and 2014 was $1.8 million and $2.3 million, respectively.

MSRs totaled $8.8 million at September 30, 2015. Of this $8.8 million MSR carrying balance, $3.0 million was recorded at fair value and included a valuation allowance of $0.6 million. The remaining $5.8 million was recorded at cost, as the fair value of the MSRs exceeded cost at September 30, 2015. At December 31, 2014, MSRs totaled $8.6 million. Of this $8.6 million MSR carrying balance, $2.9 million was recorded at fair value and included a valuation allowance of $0.8 million. The remaining $5.7 million was recorded at cost, as the fair value exceeded cost at December 31, 2014. The income related to MSRs carried at fair value during the three-month periods ended September 30, 2015 and 2014 was $211,000 and $116,000, respectively. The income related to MSRs carried at fair value during the nine-month periods ended September 30, 2015 and 2014 was $182,000 and $155,000, respectively.

Total OREO held by Park at September 30, 2015 and December 31, 2014 was $20.1 million and $22.6 million, respectively. Approximately 44% of OREO held by Park at September 30, 2015 and 46% at December 31, 2014 was carried at fair value due to fair value adjustments made subsequent to the initial OREO measurement. At September 30, 2015 and December 31, 2014, OREO held at fair value, less estimated selling costs, amounted to $8.9 million and $10.3 million, respectively. The net expense related to OREO fair value adjustments was $0.7 million and $0.9 million for the three-month periods ended September 30, 2015 and 2014, respectively, and $1.3 million and $2.0 million for the nine-month periods ended September 30, 2015 and 2014, respectively.

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The following tables present qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2015 and December 31, 2014:

September 30, 2015
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Impaired loans:
Commercial real estate	$	5,785	Sales comparison approach	Adj to comparables	0.0% - 68.0% (25.8%)
			Bulk sale approach	Discount rate	8.0% (8.0%)
			Income approach	Capitalization rate	8.0% - 13.3% (10.2%)
			Cost approach	Accumulated depreciation	23.0% - 50.0% (42.1%)
Construction real estate:
SEPH commercial land and development	$	2,045	Sales comparison approach	Adj to comparables	5.0% - 40.0% (22.1%)
			Bulk sale approach	Discount rate	10.7% (10.7%)
Remaining commercial	$	2,696	Sales comparison approach	Adj to comparables	0.0% - 67.0% (13.1%)
			Bulk sale approach	Discount rate	10.0% - 20.0% (13.7%)
Residential real estate	$	2,073	Sales comparison approach	Adj to comparables	0.0% - 61.8% (13.6%)
			Income approach	Capitalization rate	3.8% - 10.1% (9.1%)
			Cost approach	Accumulated depreciation	33.3% - 50.0% (42.5%)
Other real estate owned:
Commercial real estate	$	2,804	Sales comparison approach	Adj to comparables	5.0% - 71.0% (27.1%)
			Income approach	Capitalization rate	9.5% (9.5%)
Construction real estate	$	4,354	Sales comparison approach	Adj to comparables	0.0% - 54.7% (21.2%)
			Income approach	Capitalization rate	15.0% (15.0%)
Residential real estate	$	1,757	Sales comparison approach	Adj to comparables	0.0% - 45.6% (11.8%)

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Balance at December 31, 2014
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Impaired loans:
Commercial real estate	$	8,481	Sales comparison approach	Adj to comparables	0.0% - 84.0% (38.8%)
			Income approach	Capitalization rate	8.0% - 9.5% (9.4%)
			Cost approach	Accumulated depreciation	23.0% (23.0%)
Construction real estate:
SEPH commercial land and development	$	2,078	Sales comparison approach	Adj to comparables	5.0% - 35.0% (17.5%)
			Bulk sale approach	Discount rate	10.8% (10.8%)
Remaining commercial	$	3,483	Sales comparison approach	Adj to comparables	0.2% - 76.0% (45.4%)
			Bulk sale approach	Discount rate	10.0% - 22.0% (16.5%)
Residential real estate	$	2,921	Sales comparison approach	Adj to comparables	0.0% - 120.6% (11.1%)
			Income approach	Capitalization rate	7.9% - 10.0% (8.0%)
Other real estate owned:
Commercial real estate	$	1,470	Sales comparison approach	Adj to comparables	0.0% - 87.0% (30.5%)
			Income approach	Capitalization rate	8.4% - 10.0% (9.4%)
			Cost approach	Accumulated depreciation	60.0% - 95.0% (77.5%)
Construction real estate	$	6,473	Sales comparison approach	Adj to comparables	0.0% - 82.9% (27.1%)
			Bulk sale approach	Discount rate	15.0% (15.0%)
Residential real estate	$	2,369	Sales comparison approach	Adj to comparables	0.0% - 38.3% (10.1%)
			Income approach	Capitalization rate	6.8% - 7.8% (7.6%)

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The following methods and assumptions were used by Park in estimating its fair value disclosures for assets and liabilities not discussed above:

Cash and cash equivalents:The carrying amounts reported in the consolidated condensed balancesheets for cash and short-term instruments approximate those assets’ fair values.

FHLB Stock and FRB Stock: These assets are carried at their respective redemption values as it is not practicable to calculate their fair values.

Loans receivable:For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for certain mortgage loans (e.g., one-to-four family residential) are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. The fair values for other loans are estimated using discounted cash flow analyses, based upon interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. The methods utilized to estimate the fair value do not necessarily represent an exit price.

Off-balance sheet instruments:Fair values for Park’s loan commitments and standby letters of credit are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The carrying amount and fair value are not material.

Deposit liabilities:The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts for variable-rate, fixed-term certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities of time deposits.

Short-term borrowings:The carrying amounts of federal funds purchased, borrowings under repurchase agreements and other short-term borrowings approximate their fair values.

Long-term debt:Fair values for long-term debt are estimated using a discounted cash flow calculation that applies interest rates currently being offered on long-term debt to a schedule of monthly maturities.

Subordinated debentures and notes:Fair values for subordinated debentures and notes are estimated using a discounted cash flow calculation that applies interest rate spreads currently being offered on similar debt structures to a schedule of monthly maturities.

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The fair value of financial instruments at September 30, 2015 and December 31, 2014, was as follows:

	September 30, 2015
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	382,255	$	382,255	$	—	$	—	$	382,255
Investment securities	1,410,973		1,876		1,410,416		757		1,413,049
Federal Home Loan Bank stock	50,086		N/A		N/A		N/A		N/A
Federal Reserve Bank stock	8,225		N/A		N/A		N/A		N/A
Accrued interest receivable - securities	4,324		—		4,324		—		4,324
Accrued interest receivable - loans	14,652		—		—		14,652		14,652
Loans held for sale	11,403		—		11,403		—		11,403
Mortgage IRLCs	195		—		195		—		195
Impaired loans carried at fair value	12,599		—		—		12,599		12,599
Other loans, net	4,917,232		—		—		4,916,210		4,916,210
Loans receivable, net	$	4,941,429	$	—	$	11,598	$	4,928,809	$	4,940,407
Financial liabilities:
Noninterest bearing checking accounts	$	1,288,750	$	1,288,750	$	—	$	—	$	1,288,750
Interest bearing transactions accounts	1,212,244		1,212,244		—		—		1,212,244
Savings accounts	1,623,832		1,623,832		—		—		1,623,832
Time deposits	1,324,831		—		1,330,003		—		1,330,003
Other	5,325		5,325		—		—		5,325
Total deposits	$	5,454,982	$	4,130,151	$	1,330,003	$	—	$	5,460,154
Short-term borrowings	$	278,324	$	—	$	278,324	$	—	$	278,324
Long-term debt	736,580		—		778,621		—		778,621
Subordinated debentures/notes	45,000		—		42,847		—		42,847
Accrued interest payable – deposits	1,143		63		1,080		—		1,143
Accrued interest payable – debt/borrowings	1,327		12		1,315		—		1,327
Derivative financial instruments:
Fair value swap	$	226	$	—	$	—	$	226	$	226

42

	December 31, 2014
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	237,699	$	237,699	$	—	$	—	$	237,699
Investment securities	1,442,477		1,922		1,442,708		775		1,445,405
Federal Home Loan Bank stock	50,086		N/A		N/A		N/A		N/A
Federal Reserve Bank stock	8,225		N/A		N/A		N/A		N/A
Accrued interest receivable - securities	4,048		—		4,048		—		4,048
Accrued interest receivable - loans	13,629		—		—		13,629		13,629
Loans held for sale	5,264		—		5,264		—		5,264
Mortgage IRLCs	70		—		70		—		70
Impaired loans carried at fair value	16,963		—		—		16,963		16,963
Other loans, net	4,753,033		—		—		4,757,461		4,757,461
Loans receivable, net	$	4,775,330	$	—	$	5,334	$	4,774,424	$	4,779,758
Financial liabilities:
Noninterest bearing checking accounts	$	1,269,296	$	1,269,296	$	—	—		$	1,269,296
Interest bearing transactions accounts	1,122,079		1,122,079		—		—		1,122,079
Savings accounts	1,325,445		1,325,445		—		—		1,325,445
Time deposits	1,409,911		—		1,422,885		—		1,422,885
Other	1,269		1,269		—		—		1,269
Total deposits	$	5,128,000	$	3,718,089	$	1,422,885	$	—	$	5,140,974
Short-term borrowings	$	276,980	$	—	$	276,980	$	—	$	276,980
Long-term debt	786,602		—		827,500		—		827,500
Subordinated debentures/notes	45,000		—		42,995		—		42,995
Accrued interest payable – deposits	1,125		14		1,111		—		1,125
Accrued interest payable – debt/borrowings	1,426		3		1,423		—		1,426
Derivative financial instruments:
Fair value swap	$	226	$	—	$	—	$	226	$	226

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Note 15 – Other Comprehensive Income (Loss)

Other comprehensive income (loss) components, net of tax, are shown in the following table for the three-month and nine-month periods ended September 30, 2015 and 2014:

Three months ended September 30, (in thousands)		Changes in pension plan assets and benefit obligations			Unrealized gains and losses on available for sale securities			Total
Beginning balance at June 30, 2015		$	(14,865	)	$	885		$	(13,980	)
	Other comprehensive income before reclassifications	—			6,551			6,551
	Amounts reclassified from accumulated other comprehensive income	—			—			—
Net current period other comprehensive income		—			6,551			6,551
Ending balance at September 30, 2015		$	(14,865	)	$	7,436		$	(7,429	)
Beginning balance at June 30, 2014		$	(5,598	)	$	(5,801	)	$	(11,399	)
	Other comprehensive loss before reclassifications	—			(2,905		)	(2,905		)
	Amounts reclassified from accumulated other comprehensive loss	—			—			—
Net current period other comprehensive loss		—			(2,905		)	(2,905		)
Ending balance at September 30, 2014		$	(5,598	)	$	(8,706	)	$	(14,304	)

Nine months ended September 30, (in thousands)		Changes in pension plan assets and benefit obligations			Unrealized gains and losses on available for sale securities			Total
Beginning balance at December 31, 2014		$	(14,865	)	$	1,257		$	(13,608	)
	Other comprehensive income before reclassifications	—			6,179			6,179
	Amounts reclassified from accumulated other comprehensive income	—			—			—
Net current period other comprehensive income		—			6,179			6,179
Ending balance at September 30, 2015		$	(14,865	)	$	7,436		$	(7,429	)
Beginning balance at December 31, 2013		$	(5,598	)	$	(29,821	)	$	(35,419	)
	Other comprehensive income before reclassifications	—			21,128			21,128
	Amounts reclassified from accumulated other comprehensive income	—			(13		)	(13		)
Net current period other comprehensive income		—			21,115			21,115
Ending balance at September 30, 2014		$	(5,598	)	$	(8,706	)	$	(14,304	)

During the three-month and nine-month periods ended September 30, 2015, there were no reclassifications out of accumulated other comprehensive income. During the three-month period ended September 30, 2014, there were no reclassifications out of accumulated other comprehensive income. During the nine-month period ended September 30, 2014, there was $20,000 ($13,000 net of tax) reclassified out of accumulated other comprehensive income due to gains on the sale of available-for-sale securities. These gains were recorded within miscellaneous income on the consolidated condensed statements of income.

Note 16 – Investment in Qualified Affordable Housing

Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purpose of these investments is to achieve a satisfactory return on capital, help create affordable housing opportunities, and to assist the Company to achieve our goals associated with the Community Reinvestment Act.

Previously, these investments were accounted for under the cost method of accounting with amortization of the investment being recorded in miscellaneous other expense and tax benefits recognized in the provision for income taxes.

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During the first quarter of 2015, Park adopted ASU 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, and elected the proportional amortization method with amortization expense and tax benefits recognized through the provision for income taxes. This ASU is required to be applied retrospectively to all periods presented. As a result of these changes, Park recorded a cumulative-effect adjustment to beginning retained earnings.

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 (which included $45.4 million of affordable housing tax credit investments)	$	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 September 30, 2014		9 months ended September 30, 2014		12 months ended December 31, 2014
Total other expense
As previously reported	$	46,903	$	142,797	$	195,234
As reported under the new guidance	44,972		136,992		187,510
Income tax expense
As previously reported	$	6,398	$	19,903	$	28,602
As reported under the new guidance	8,363		25,801		36,459
Net income
As previously reported	$	18,303	$	59,749	$	84,090
As reported under the new guidance	18,269		59,656		83,957

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

(in thousands)	September 30, 2015		December 31, 2014
Affordable housing tax credit investments	$	52,731	$	48,911
Unfunded commitments	21,339		16,629

During each of the three months ended September 30, 2015 and 2014, Park recognized amortization expense of $1.7 million which was included within the provision for income taxes. During each of the nine months ended September 30, 2015 and2014, Park recognized amortization expense of $5.2 million which was included within the provision for income taxes.

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Additionally, during the three months ended September 30, 2015 and 2014, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $2.3 million and $2.2 million, respectively. For the nine months ended September 30, 2015 and 2014, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $6.8 million and $6.6 million, respectively.

Note 17 – Repurchase Agreement Borrowings

Securities sold under agreements to repurchase ("repurchase agreements") with customers represent funds deposited by customers, generally on an overnight basis, that are collateralized by investment securities owned by Park. Repurchase agreements with customers are included in short-term borrowings on the consolidated condensed balance sheets. Park's repurchase agreements with a third-party financial institution are classified as long-term debt on the consolidated condensed balance sheets.

All repurchase agreements are subject to terms and conditions of repurchase/security agreements between Park and the client and are accounted for as secured borrowings. Park's repurchase agreements reflected in short-term borrowings consist of customer accounts and securities which are pledged on an individual security basis.

At September 30, 2015 and December 31, 2014, Park's repurchase agreement borrowings totaled $578 million and $577 million, respectively. At both September 30, 2015 and December 31, 2014, $300 million of Park's repurchase agreement borrowings were classified as long-term debt with the remaining amount being classified as short-term debt on the consolidated condensed balance sheets. These borrowings were collateralized with U.S. government and agency securities with a carrying value of $620 million and $664 million at September 30, 2015 and December 31, 2014, respectively. Declines in the value of the collateral would require Park to pledge additional securities. As of September 30, 2015 and December 31, 2014, Park had $276 million and $347 million, respectively, of available unpledged securities.

The following table presents the carrying value of Park's repurchase agreements by remaining contractual maturity at September 30, 2015 and December 31, 2014:

	September 30, 2015
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	271,699	$	1,140	$	1,880	$	303,605	$	578,324
	December 31, 2014
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	268,427	$	164	$	4,940	$	303,449	$	576,980

On November 30, 2012, Park restructured $300 million in repurchase agreements with a third-party financial institution and paid a $25 million prepayment penalty. The penalty is included in long-term debt and is being amortized as an adjustment to interest expense over the remaining term of the repurchase agreements using the effective interest method. Of the $25 million prepayment penalty, $11.1 million and $14.8 million remained unamortized as of September 30, 2015 and December 31, 2014, respectively.

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ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS

Management’s discussion and analysis (“MD&A”) contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance.  The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties.  Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.  Risks and uncertainties that could cause actual results to differ materially include, without limitation: Park's ability to execute our business plan successfully and within the expected timeframe; general economic and financial market conditions, specifically in the real estate markets and the credit markets, either nationally or in the states in which Park and our subsidiaries do business, may experience a slowing or reversal of the current economic expansion in addition to continuing residual effects of recessionary conditions and an uneven spread of positive impacts of recovery on the economy and our counterparties, including adverse impacts on demand for loan, deposit and other financial services, delinquencies, defaults and counterparty ability to meet credit and other obligations; changes in interest rates and prices may adversely impact the value of securities, loans, deposits and other financial instruments and the interest rate sensitivity of our consolidated balance sheet as well as reduce interest margins; changes in consumer spending, borrowing and saving habits, whether due to changing business and economic conditions, legislative and regulatory initiatives, or other factors; changes in customers', suppliers', and other counterparties' performance and creditworthiness; asset/liability repricing risks and liquidity risks; our liquidity requirements could be adversely affected by changes to regulations governing bank and bank holding company capital and liquidity standards as well as by changes in our assets and liabilities; competitive factors among financial services organizations could increase significantly, including product and pricing pressures, changes to third-party relationships and our ability to attract, develop and retain qualified bank professionals; clients could pursue alternatives to bank deposits, causing us to lose a relatively inexpensive source of funding; the nature, timing and effect of changes in banking regulations or other regulatory or legislative requirements affecting the respective businesses of Park and our subsidiaries, including major reform of the regulatory oversight structure of the financial services industry and changes in laws and regulations concerning taxes, pensions, bankruptcy, consumer protection, accounting, banking, securities and other aspects of the financial services industry, specifically the reforms provided for in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), as well as future regulations which will be adopted by the relevant regulatory agencies, including the Consumer Financial Protection Bureau, to implement the Dodd-Frank Act's provisions, the Budget Control Act of 2011, the American Taxpayer Relief Act of 2012 and the Basel III regulatory capital reforms; the effect of changes in accounting policies and practices, as may be adopted by the Financial Accounting Standards Board, the SEC, the Public Company Accounting Oversight Board and other regulatory agencies, and the accuracy of our assumptions and estimates used to prepare our financial statements; the effect of trade, monetary, fiscal and other governmental policies of the U.S. federal government, including money supply and interest rate policies of the Federal Reserve; disruption in the liquidity and other functioning of U.S. financial markets; the impact on financial markets and the economy of any changes in the credit ratings of the U.S. Treasury obligations and other U.S. government-backed debt, as well as issues surrounding the levels of U.S., European and Asian government debt and concerns regarding the creditworthiness of certain sovereign governments, supranationals and financial institutions in Europe and Asia; unfavorable resolution of legal proceedings or other claims and regulatory and other governmental examinations or other inquiries; the adequacy of our risk management program; the ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors and other service providers, including as a result of cyber attacks; demand for loans in the respective market areas served by Park and our subsidiaries; and other risk factors relating to the banking industry as detailed from time to time in Park's reports filed with the SEC including those described in "Item 1A. Risk Factors" of Part I of Park's Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Park does not undertake, and specifically disclaims any obligation, to publicly release the results of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement was made, or reflect the occurrence of unanticipated events, except to the extent required by law.

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Critical Accounting Policies

Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report to Shareholders (the "2014 Annual Report”) lists significant accounting policies used in the development and presentation of Park’s consolidated financial statements. The accounting and reporting policies of Park conform with U.S. generally accepted accounting principles (U.S. GAAP) and general practices within the financial services industry. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.

Park believes the determination of the allowance for loan losses involves a higher degree of judgment and complexity than its other significant accounting policies. The allowance for loan losses is calculated with the objective of maintaining a reserve level believed by management to be sufficient to absorb probable incurred credit losses in the loan portfolio. Management’s determination of the adequacy of the allowance for loan losses is based on periodic evaluations of the loan portfolio and of current economic conditions. However, this evaluation has subjective components requiring material estimates, including expected default probabilities, the expected loss given default, the amounts and timing of expected future cash flows on impaired loans, and estimated losses on consumer loans and residential mortgage loans based on historical loss experience and current economic conditions. All of these factors may be susceptible to significant change. To the extent that actual results differ from management estimates, additional loan loss provisions may be required that would adversely impact earnings in future periods. Refer to the “Credit Metrics and Provision for (Recovery of) Loan Losses” section within this MD&A for additional discussion.

Other real estate owned (“OREO”), property acquired through foreclosure, is recorded at estimated fair value less anticipated selling costs (net realizable value). If the net realizable value is below the carrying value of the loan on the date of transfer, the difference is charged to the allowance for loan losses. Subsequent declines in value, OREO devaluations, are reported as adjustments to the carrying amount of OREO and are expensed within other income. Gains or losses not previously recognized, resulting from the sale of OREO, are recognized within other income on the date of sale.

U.S. GAAP requires management to establish a fair value hierarchy, which has the objective of maximizing the use of observable market inputs. U.S. GAAP also requires enhanced disclosures regarding the inputs used to calculate fair value. These are classified as Level 1, Level 2, and Level 3. Level 3 inputs are those with significant unobservable inputs that reflect a company’s own assumptions about the market for a particular instrument. Some of these inputs could be based on internal models and cash flow analyses. The large majority of Park’s assets whose fair value is determined using Level 2 inputs consists of available-for-sale (“AFS”) securities. The fair value of these AFS securities is obtained largely through the use of matrix pricing, which is a mathematical technique widely used in the financial services industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. Please see Note 14 - Fair Value of the Notes to Unaudited Consolidated Condensed Financial Statements in this Quarterly Report on Form 10-Q for additional information on fair value.

Management believes that the accounting for goodwill also involves a higher degree of judgment than most other significant accounting policies. U.S. GAAP establishes standards for the impairment assessment of goodwill. Goodwill arising from business combinations represents the value attributable to unidentifiable intangible assets in the business acquired. Park’s goodwill relates to the value inherent in the banking industry and that value is dependent upon the ability of Park’s Ohio-based banking subsidiary, The Park National Bank (“PNB”) to provide quality, cost-effective banking services in a competitive marketplace. The goodwill value is supported by revenue that is in part driven by the volume of business transacted. A decrease in earnings resulting from a decline in the customer base, the inability to deliver cost-effective services over sustained periods or significant credit problems can lead to impairment of goodwill that could adversely impact earnings in future periods. U.S. GAAP requires an annual evaluation of goodwill for impairment, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Park’s most recent evaluation was completed during the second quarter of 2015 and resulted in no impairment of goodwill. Further, there have been no events subsequent to that analysis that provide any evidence that goodwill is impaired. The fair value of the goodwill, which resides on the books of PNB, is estimated by reviewing the past and projected operating results for PNB, deposit and loan totals for PNB and banking industry comparable information.

The determination of pension plan obligations and related expenses requires the use of assumptions to estimate the amount of benefits that employees earn while working, as well as the present value of those benefits. Annual pension expense is principally based on four components: (1) the value of benefits earned by employees for working during the year (service cost), (2) the increase in the liability due to the passage of time (interest cost), and (3) other gains and losses, reduced by (4) the expected return on plan assets for our pension plan.

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Significant assumptions used to measure our annual pension expense include:

• the interest rate used to determine the present value of liabilities (discount rate);

• certain employee-related factors, such as turnover, retirement age and mortality;

• the expected return on assets in our funded plan; and

• for pension expense, the rate of salary increases where benefits are based on earnings.

Our assumptions reflect our historical experience and management’s best judgment regarding future expectations. Due to the significant management judgment involved, our assumptions could have a material impact on the measurement of our pension plan expense and obligation. 

Comparison of Results of Operations

For the Three and Nine Months Ended September 30, 2015 and 2014

Summary Discussion of Results

Net income for the three months ended September 30, 2015 was $20.0 million, compared to $18.3 million for the third quarter of 2014. Diluted earnings per common share were $1.30 for the third quarter of 2015, compared to $1.19 for the third quarter of 2014. Weighted average diluted common shares outstanding were 15,401,808 for the three months ended September 30, 2015, compared to 15,413,664 weighted average diluted common shares for the third quarter of 2014.

Net income for the first nine months of 2015 was $60.1 million, compared to $59.7 million for the same period in 2014. Diluted earnings per common share were $3.90 for the first nine months of 2015, compared to $3.87 for the same period in 2014. Weighted average diluted common shares outstanding were 15,411,511 for the nine months ended September 30, 2015, compared to 15,413,625 weighted average diluted common shares for the same period of 2014.

Financial Results by Segment

The table below reflects the net income (loss) by segment for the first, second and third quarters of 2015, for the first nine months of 2015 and 2014, and for the fiscal years ended December 31, 2014 and 2013. Park's segments include The Park National Bank ("PNB"), Guardian Financial Services Company (“GFSC”), SE Property Holdings, LLC ("SEPH") and "All Other" which primarily consists of Park as the "Parent Company."

Net income (loss) by segment
(In thousands)	Q3 2015			Q2 2015			Q1 2015			Nine months YTD 2015			Nine months YTD 2014			2014			2013
PNB	$	20,707		$	21,333		$	19,159		$	61,199		$	60,940		$	82,907		$	75,236
GFSC	394			407			281			1,082			1,498			1,175			2,888
Parent Company	(685		)	(275		)	(694		)	(1,654		)	(3,527		)	(5,050		)	(1,397		)
Ongoing operations	$	20,416		$	21,465		$	18,746		$	60,627		$	58,911		$	79,032		$	76,727
SEPH	(376		)	(426		)	298			(504		)	745			4,925			142
Total Park	$	20,040		$	21,039		$	19,044		$	60,123		$	59,656		$	83,957		$	76,869

The category “Parent Company” above excludes the results for SEPH, an entity which is winding down commensurate with the disposition of its problem assets. Management considers the “Ongoing operations” results, which exclude the results of SEPH, to be reflective of the business of Park and its subsidiaries on a going forward basis. The discussion below provides some additional information regarding the segments that make up the “Ongoing operations”, followed by additional information regarding SEPH.

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The Park National Bank (PNB)

The table below reflects PNB's net income for the first, second and third quarters of 2015, for the first nine months of 2015 and 2014, and for the fiscal years ended December 31, 2014 and 2013.

(In thousands)	Q3 2015		Q2 2015		Q1 2015		Nine months YTD 2015		Nine months YTD 2014		2014		2013
Net interest income	$	55,972	$	54,766	$	53,821	$	164,559	$	163,789	$	218,641	$	210,781
Provision for loan losses	2,587		2,720		2,022		7,329		8,070		3,517		14,039
Other income	19,699		18,720		18,012		56,431		53,027		69,384		70,841
Other expense	43,144		39,586		41,932		124,662		119,408		163,641		158,651
Income before income taxes	$	29,940	$	31,180	$	27,879	$	88,999	$	89,338	$	120,867	$	108,932
Federal income taxes	9,233		9,847		8,720		27,800		28,398		37,960		33,696
Net income	$	20,707	$	21,333	$	19,159	$	61,199	$	60,940	$	82,907	$	75,236

Other income of $56.4 million for the first nine months of 2015 represented a $3.4 million, or 6.4% increase, compared to $53.0 million for the same period in 2014. The $3.4 million increase was primarily related to income of $1.3 million related to proceeds from the death benefits paid under bank owned life insurance policies, a $1.5 million increase in other service income related to loan originations and a $1.0 million increase in income from fiduciary activities. Other expense of $124.7 million for the first nine months of 2015 represented an increase of $5.3 million, or 4.4%, compared to $119.4 million for the first nine months of 2014. The $5.3 million increase was primarily due to an increase of $3.6 million related to salaries expense and a contract termination fee and a borrowing prepayment penalty that resulted in aggregate additional expense of $1.1 million.

Other income of $19.7 million for the three months ended September 30, 2015 represented a $1.0 million, or 5.2% increase, compared to $18.7 million for the three months ended June 30, 2015. The $1.0 million increase was primarily related to income of $526,000 related to proceeds from the death benefits paid under bank owned life insurance policies and a $245,000 increase in other service income related to loan originations. Other expense of $43.1 million for the three months ended September 30, 2015 represented an increase of $3.6 million, or 9.0%, compared to $39.6 million for the three months ended June 30, 2015. The $3.6 million increase was primarily related to a $1.7 million increase in employee benefits and a $730,000 increase in salary expense.

PNB's results for the three and nine months ended September 30, 2015 and 2014 also included income and expense related to participations in legacy Vision Bank ("Vision") assets. For the three months ended September 30, 2015, there were net recoveries from loans previously charged off of $181,000, net gains on the sale of OREO and other OREO income of $604,000, and expenses of $172,000 related to participations in legacy Vision assets. For the three months ended September 30, 2014, there were expenses of $383,000 related to participations in legacy Vision assets. For the nine months ended September 30, 2015, there were net recoveries from loans previously charged off of $1.4 million, net gains on the sale of OREO and other OREO income of $1.2 million, gains on sale of loans of $46,000, and expenses of $600,000 related to participations in legacy Vision assets. For the nine months ended September 30, 2014, there were net recoveries from loans previously charged off of $3.0 million, net gains on the sale of OREO of $1.3 million, and expenses of $1.4 million related to participations in legacy Vision assets.For the fiscal year ended December 31, 2014, there were net recoveries from loans previously charged off of $6.2 million, net gains on the sale of OREO of $1.2 million and expenses of $2.0 million related to participations in legacy Vision assets. For the fiscal year ended December 31, 2013, there were net recoveries of $0.6 million and expenses of $1.6 million related to participations in legacy Vision assets.

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The table below provides certain balance sheet information and financial ratios for PNB as of September 30, 2015, December 31, 2014 and September 30, 2014.

(In thousands)	September 30, 2015			December 31, 2014			September 30, 2014			% change from 12/31/14		% change from 09/30/14
Loans (1)	$	4,960,654		$	4,781,761		$	4,744,250		3.74	%	4.56	%
Allowance for loan losses	56,403			52,000			55,225			8.47	%	2.13	%
Net loans	4,904,251			4,729,761			4,689,025			3.69	%	4.59	%
Investment securities	1,467,009			1,498,444			1,470,394			(2.10	)%	(0.23	)%
Total assets	7,216,773			6,910,386			6,913,425			4.43	%	4.39	%
Average assets (2)	7,206,175			6,790,615			6,707,905			6.12	%	7.43	%
Return on average assets (3)	1.14		%	1.22		%	1.21		%	(6.56	)%	(5.79	)%

(1) Includes $11.4 million, $5.3 million, and $22.1 million of loans held for sale as of September 30, 2015, December 31, 2014 and September 30, 2014, respectively.

(2) Average assets for the nine-month periods ended September 30, 2015 and 2014 and for the year ended December 31, 2014.

(3) Annualized for the nine-month periods ended September 30, 2015 and 2014.

The PNB loan portfolio expanded during the first nine months of 2015.  Loans outstanding at September 30, 2015 were $4.96 billion, compared to $4.78 billion at December 31, 2014, an increase of $179 million or an annualized 5.0%.  PNB experienced growth across all loan categories: mortgage loan growth of $31 million (3.3% annualized); commercial loan growth of $70 million (3.9% annualized); and consumer loan growth of $77 million (11.4% annualized).

The PNB loan portfolio also increased during the three months ended September 30, 2015 compared to June 30, 2015.  Loans outstanding at September 30, 2015 were $4.96 billion, compared to $4.86 billion at June 30, 2015, an increase of $100 million or an annualized 8.2%.  PNB experienced growth across all loan categories: mortgage loan growth of $9.9 million (3.2% annualized); commercial loan growth of $70 million (11.4% annualized); and consumer loan growth of $20 million (8.4% annualized).

PNB's allowance for loan losses increased by $4.4 million, or 8.47%, to $56.4 million at September 30, 2015, compared to $52.0 million at December 31, 2014. Net charge-offs were $2.9 million, or an annualized 0.08% of total average loans, for the nine months ended September 30, 2015. Refer to the “Credit Metrics and Provision for (Recovery of) Loan Losses” section for additional information regarding the credit metrics of PNB's loan portfolio and the level of provision for loan losses recognized in each period presented.

Guardian Financial Services Company (GFSC)

The table below reflects GFSC's net income for the first, second and third quarters of 2015, for the first nine months of 2015 and 2014, and for the fiscal years ended December 31, 2014 and 2013.

(In thousands)	Q3 2015		Q2 2015			Q1 2015		Nine months YTD 2015		Nine months YTD 2014		2014			2013
Net interest income	$	1,643	$	1,679		$	1,692	$	5,014	$	5,679	$	7,457		$	8,741
Provision for loan losses	282		309			495		1,086		1,014		1,544			1,175
Other income (loss)	1		(1		)	2		2		1		(1		)	11
Other expense	726		759			779		2,264		2,361		4,103			3,133
Income before income taxes	$	636	$	610		$	420	$	1,666	$	2,305	$	1,809		$	4,444
Federal income taxes	242		203			139		584		807		634			1,556
Net income	$	394	$	407		$	281	$	1,082	$	1,498	$	1,175		$	2,888

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The table below provides certain balance sheet information and financial ratios for GFSC as of September 30, 2015, December 31, 2014 and September 30, 2014.

(In thousands)	September 30, 2015			December 31, 2014			September 30, 2014			% change from 12/31/14		% change from 09/30/14
Loans	$	35,942		$	40,645		$	41,502		(11.57	)%	(13.40	)%
Allowance for loan losses	2,080			2,352			2,450			(11.56	)%	(15.10	)%
Net loans	33,862			38,293			39,052			(11.57	)%	(13.29	)%
Total assets	36,517			40,308			41,104			(9.41	)%	(11.16	)%
Average assets (1)	38,171			43,038			43,829			(11.31	)%	(12.91	)%
Return on average assets (2)	3.79		%	2.73		%	4.57		%	38.83	%	(17.07	)%

(1) Average assets for the nine-month periods ended September 30, 2015 and 2014, and for the year ended December 31, 2014.

(2) Annualized for the nine months ended September 30, 2015 and 2014.

Park Parent Company

The table below reflects the Park Parent Company net loss for the first, second and third quarters of 2015, for the first nine months of 2015 and 2014, and for the fiscal years ended December 31, 2014 and 2013.

(In thousands)	Q3 2015			Q2 2015			Q1 2015			Nine months YTD 2015			Nine months YTD 2014			2014			2013
Net interest income (expense)	$	35		$	84		$	110		$	229		$	(1,457	)	$	(2,012	)	$	2,828
Provision for loan losses	—			—			—			—			—			—			—
Other income	144			145			99			388			82			175			469
Other expense	2,103			1,937			1,911			5,951			5,957			8,000			7,520
Loss before income tax benefit	$	(1,924	)	$	(1,708	)	$	(1,702	)	$	(5,334	)	$	(7,332	)	$	(9,837	)	$	(4,223	)
Federal income tax benefit	(1,239		)	(1,433		)	(1,008		)	(3,680		)	(3,805		)	(4,787		)	(2,826		)
Net loss	$	(685	)	$	(275	)	$	(694	)	$	(1,654	)	$	(3,527	)	$	(5,050	)	$	(1,397	)

The net interest income (expense) for Park's parent company includes interest income on loans to SEPH and on subordinated debt investments in PNB, which are eliminated in the consolidated Park National Corporation totals. Additionally, net interest income (expense) includes interest expense related to the $30.00 million of subordinated notes issued by Park to accredited investors on April 20, 2012. Results for the fiscal years ended December 31, 2014 and 2013, as well as the nine-month period ended September 30, 2014, included interest expense related to the $35.25 million of subordinated notes issued by Park to accredited investors on December 23, 2009. Park paid off the $35.25 million outstanding principal amount of the 10% Subordinated Notes due December 23, 2019, plus accrued interest, on December 24, 2014, the earliest redemption date allowable under the related note purchase agreement dated December 23, 2009.

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SEPH

The table below reflects SEPH's net (loss) income for the first, second and third quarters of 2015, for the first nine months of 2015 and 2014, and for the fiscal years ended December 31, 2014 and 2013. SEPH holds the remaining assets and liabilities retained by Vision subsequent to the sale of the Vision business on February 16, 2012. Prior to holding the remaining Vision assets, SEPH held OREO assets that were transferred from Vision to SEPH. This segment represents a run-off portfolio of the legacy Vision assets.

(In thousands)	Q3 2015			Q2 2015			Q1 2015			Nine months YTD 2015			Nine months YTD 2014			2014			2013
Net interest income (expense)	$	65		$	(14	)	$	(88	)	$	(37	)	$	(261	)	$	958		$	(1,325	)
Recovery of loan losses	(465		)	(1,417		)	(885		)	(2,767		)	(8,068		)	(12,394		)	(11,799		)
Other income	347			327			760			1,434			2,605			5,991			1,956
Other expense	1,456			2,385			1,098			4,939			9,266			11,766			12,211
(Loss) income before income taxes	$	(579	)	$	(655	)	$	459		$	(775	)	$	1,146		$	7,577		$	219
Federal income tax (benefit) expense	(203		)	(229		)	161			(271		)	401			2,652			77
Net (loss) income	$	(376	)	$	(426	)	$	298		$	(504	)	$	745		$	4,925		$	142

SEPH's financial results for the nine months ended September 30, 2015 included net recoveries of $2.8 million. The net recoveries during 2015 consisted of charge-offs of $127,000, offset by recoveries of $2.9 million from loans previously charged off. Other income for the nine months ended September 30, 2015 at SEPH of $1.4 million was largely related to net gains on the sale of loans of $722,000, net gains on the sale of OREO and other OREO income of $736,000 and non-yield loan fee income of $180,000, offset by OREO devaluations of $210,000. The $4.3 million decline in other expense for the nine months ended September 30, 2015 compared to the same period in 2014 was primarily the result of declines in (1) legal fees of $3.8 million, (2) management and consulting fees of $400,000 and (3) other OREO expense of $384,000, offset by a $770,000 increase in reserves established for potential mortgage loan repurchases.

The table below provides an overview of SEPH loans and OREO, representing the legacy Vision assets. This information is provided as of September 30, 2015, December 31, 2014 and December 31, 2013, showing the decline in legacy Vision assets at SEPH over the last twenty-one months.

(In thousands)	SEPH 09/30/15		SEPH 12/31/14		SEPH 12/31/13		Change from 12/31/14			Change from 12/31/13
Nonperforming loans	$	14,703	$	23,013	$	36,108	$	(8,310	)	$	(21,405	)
OREO	12,339		11,918		23,224		421			(10,885		)
Total nonperforming assets	$	27,042	$	34,931	$	59,332	$	(7,889	)	$	(32,290	)
Performing loans	$	760	$	943	$	1,907	$	(183	)	$	(1,147	)
Total SEPH - Legacy Vision assets	$	27,802	$	35,874	$	61,239	$	(8,072	)	$	(33,437	)

OREO at SEPH increased by $421,000, from $11.9 million at December 31, 2014 to $12.3 million at September 30, 2015. The increase was due to the continued workout of problem credits. In addition to the SEPH assets listed above, PNB participations in legacy Vision assets totaled $9.9 million, $11.5 million, and $12.3 million at September 30, 2015, December 31, 2014, and December 31, 2013, respectively.

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Park National Corporation

The table below reflects Park's consolidated net income for the first, second and third quarters of 2015, for the first nine months of 2015 and 2014, and for the fiscal years ended December 31, 2014 and 2013.

(In thousands)	Q3 2015		Q2 2015		Q1 2015		Nine months YTD 2015		Nine months YTD 2014		2014			2013
Net interest income	$	57,715	$	56,515	$	55,535	$	169,765	$	167,750	$	225,044		$	221,025
Provision for (recovery of) loan losses	2,404		1,612		1,632		5,648		1,016		(7,333		)	3,415
Other income	20,191		19,191		18,873		58,255		55,715		75,549			73,277
Other expense	47,429		44,667		45,720		137,816		136,992		187,510			181,515
Income before income taxes	$	28,073	$	29,427	$	27,056	$	84,556	$	85,457	$	120,416		$	109,372
Federal income taxes	8,033		8,388		8,012		24,433		25,801		36,459			32,503
Net income	$	20,040	$	21,039	$	19,044	$	60,123	$	59,656	$	83,957		$	76,869

Net Interest Income

Park’s principal source of earnings is net interest income, the difference between total interest income and total interest expense. Net interest income results from average balances outstanding for interest earning assets and interest bearing liabilities in conjunction with the average rates earned and paid on them.

Comparison for the Third Quarter of 2015 and 2014

Net interest income increased by $1.0 million, or 1.8%, to $57.7 million for the third quarter of 2015, compared to $56.7 million for the third quarter of 2014. See the discussion under the table below.

	Three months ended  September 30, 2015				Three months ended  September 30, 2014
(In thousands)	Average balance		Tax equivalent  yield/cost		Average balance		Tax equivalent  yield/cost
Loans	$	4,942,024	4.65	%	$	4,768,253	4.80	%
Taxable investments	1,522,833		2.39	%	1,406,677		2.54	%
Tax exempt investments	1,371		5.15	%	—		—	%
Money market instruments	362,420		0.25	%	185,899		0.25	%
Interest earning assets	$	6,828,648	3.91	%	$	6,360,829	4.17	%
Interest bearing deposits	$	4,274,375	0.29	%	$	3,846,846	0.27	%
Short-term borrowings	256,119		0.17	%	262,701		0.20	%
Long-term debt	781,039		3.12	%	867,432		3.30	%
Interest bearing liabilities	$	5,311,533	0.70	%	$	4,976,979	0.79	%
Excess interest earning assets	$	1,517,115			$	1,383,850
Net interest spread			3.21	%			3.38	%
Net interest margin			3.37	%			3.55	%

Average interest earning assets for the third quarter of 2015 increased by $468 million, or 7.4%, to $6,829 million, compared to $6,361 million for the third quarter of 2014. The average yield on interest earning assets decreased by 26 basis points to 3.91% for the third quarter of 2015, compared to 4.17% for the third quarter of 2014.

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Average interest bearing liabilities for the third quarter of 2015 increased by $335 million, or 6.7%, to $5,312 million, compared to $4,977 million for the third quarter of 2014. The average cost of interest bearing liabilities decreased by 9 basis points to 0.70% for the third quarter of 2015, compared to 0.79% for the third quarter of 2014.

Yield on Loans: Average loan balances increased by $174 million, or 3.6%, to $4,942 million for the third quarter of 2015, compared to $4,768 million for the third quarter of 2014. The average yield on the loan portfolio decreased by 15 basis points to 4.65% for the third quarter of 2015, compared to 4.80% for the third quarter of 2014. The decrease in the average yield on the loan portfolio was primarily due to new loans being originated, across all loan types, at rates less than the then current yield on the portfolio.

	Three months ended  September 30, 2015				Three months ended  September 30, 2014
(In thousands)	Average balance		Tax equivalent  yield		Average balance		Tax equivalent  yield
Home equity	$	213,066	3.90	%	$	215,705	3.91	%
Installment and indirect loans	995,688		5.52	%	903,399		6.07	%
Real estate loans	1,241,960		3.76	%	1,205,500		3.77	%
Commercial loans	2,484,339		4.79	%	2,436,382		4.90	%
Other	6,971		10.72	%	7,267		10.68	%
Total loans and leases before allowance	$	4,942,024	4.65	%	$	4,768,253	4.80	%

Net Interest Income Comparison for the First Nine Months of 2015 and 2014

Net interest income increased by $2.0 million, or 1.2%, to $169.8 million for the nine months ended September 30, 2015, compared to $167.8 million for the nine months ended September 30, 2014. See the discussion under the table below.

	Nine months ended  September 30, 2015				Nine months ended  September 30, 2014
(In thousands)	Average balance		Tax equivalent  yield/cost		Average balance		Tax equivalent  yield/cost
Loans	$	4,872,191	4.67	%	$	4,685,235	4.85	%
Taxable investments	1,491,025		2.48	%	1,428,144		2.60	%
Tax exempt investments	462		5.15	%	87		6.97	%
Money market instruments	355,240		0.25	%	168,066		0.25	%
Interest earning assets	$	6,718,918	3.95	%	$	6,281,532	4.21	%
Interest bearing deposits	$	4,169,895	0.30	%	$	3,780,717	0.28	%
Short-term borrowings	251,907		0.18	%	255,495		0.20	%
Long-term debt	797,134		3.10	%	867,431		3.30	%
Interest bearing liabilities	$	5,218,936	0.72	%	$	4,903,643	0.81	%
Excess interest earning assets	$	1,499,982			$	1,377,889
Net interest spread			3.23	%			3.40	%
Net interest margin			3.39	%			3.58	%

Average interest earning assets for the first nine months of 2015 increased by $437 million, or 7.0%, to $6,719 million, compared to $6,282 million for the first nine months of 2014. The average yield on interest earning assets decreased by 26 basis points to 3.95% for the first nine months of 2015, compared to 4.21% for the first nine months of 2014.

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Average interest bearing liabilities for the first nine months of 2015 increased by $315 million, or 6.4%, to $5,219 million, compared to $4,904 million for the first nine months of 2014. The average cost of interest bearing liabilities decreased by 9 basis points to 0.72% for the first nine months of 2015, compared to 0.81% for the first nine months of 2014.

Yield on Loans: Average loan balances increased by $187 million, or 4.0%, to $4,872 million for the nine months ended September 30, 2015, compared to $4,685 million for the same period of 2014. The average yield on the loan portfolio decreased by 18 basis points to 4.67% for the first nine months of 2015, compared to 4.85% for the first nine months of 2014. The decrease in the average yield on the loan portfolio was primarily due to new loans being originated, across all loan types, at rates less than the then current yield on the portfolio.

	Nine months ended  September 30, 2015				Nine months ended  September 30, 2014
(In thousands)	Average balance		Tax equivalent  yield		Average balance		Tax equivalent  yield
Home equity	$	213,626	3.92	%	$	213,345	3.99	%
Installment and indirect loans	965,636		5.59	%	839,474		6.35	%
Real estate loans	1,233,155		3.77	%	1,190,744		3.83	%
Commercial loans	2,452,617		4.81	%	2,434,342		4.88	%
Other	7,157		10.36	%	7,330		10.62	%
Total loans and leases before allowance	$	4,872,191	4.67	%	$	4,685,235	4.85	%

Mix of Average Interest Earning Assets and Yield on Average Interest Earning Assets

The following table shows the mix of average interest earning assets for the nine months ended September 30, 2015 and for the fiscal years ended December 31, 2014, 2013 and 2012.

(Dollars in thousands)	Loans			Investments			Money Market Instruments			Total
2012 - year	$	4,410,661		$	1,613,131		$	166,319		$	6,190,111
Percentage of total earning assets	71.25		%	26.06		%	2.69		%	100.00		%
2013 - year	$	4,514,781		$	1,377,887		$	272,851		$	6,165,519
Percentage of total earning assets	73.23		%	22.35		%	4.42		%	100.00		%
2014 - year	$	4,717,297		$	1,432,692		$	204,874		$	6,354,863
Percentage of total earning assets	74.23		%	22.54		%	3.23		%	100.00		%
2015 - first nine months	$	4,872,191		$	1,491,487		$	355,240		$	6,718,918
Percentage of total earning assets	72.51		%	22.20		%	5.29		%	100.00		%

A primary financial goal for Park is to increase the amount of quality loans on its balance sheet. Management consistently emphasizes the importance of growing quality loans. The average balance of loans for the first nine months of 2015 was $4,872 million, compared to $4,717 million for all of 2014, an increase of $155 million or 3.3%.

Management actively manages the investment portfolio. The average balance of investment securities may increase as a result of attractive investment opportunities. Likewise, the average balance of investment securities may decrease if management sells investment securities or chooses not to reinvest the cash flow from maturities or investment repayments.

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The following table shows the yield on average interest earning assets for the nine months ended September 30, 2015 and for the fiscal years ended December 31, 2014, 2013 and 2012.

(Dollars in thousands)	Loans		Investments		Money Market Instruments		Total
2012 - year	5.35	%	3.15	%	0.25	%	4.64	%
2013 - year	5.02	%	2.67	%	0.25	%	4.29	%
2014 - year	4.84	%	2.58	%	0.25	%	4.19	%
2015 - first nine months	4.67	%	2.48	%	0.25	%	3.95	%

Credit Metrics and Provision for (Recovery of) Loan Losses

The provision for (recovery of) loan losses is the amount added to the allowance for loan losses (ALLL) to ensure the allowance is sufficient to absorb probable, incurred credit losses. The amount of the provision for (recovery of) loan losses is determined by management after reviewing the risk characteristics of the loan portfolio, historic and current loan loss experience and current economic conditions.

Park's Ohio-based subsidiaries, PNB and GFSC, are the only subsidiaries that carry an ALLL balance. The table below provides additional information on the provision for (recovery of) loan losses and the ALLL for Park, Park's Ohio-based operations, and SEPH for the three and nine month periods ended September 30, 2015 and 2014.

	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in thousands)	2015			2014			2015			2014
ALLL, beginning balance	$	57,427		$	57,911		$	54,352		$	59,468
Net charge-offs (recoveries):
Park's Ohio-based operations	1,813			7,189			4,284			10,878
SEPH	(465		)	(2,451		)	(2,767		)	(8,068		)
Park	1,348			4,738			1,517			2,810
Provision for (recovery of) loan losses:
Park's Ohio-based operations	2,869			6,952			8,415			9,084
SEPH	(465		)	(2,451		)	(2,767		)	(8,068		)
Park	2,404			4,501			5,648			1,016
ALLL, ending balance	$	58,483		$	57,674		$	58,483		$	57,674
Annualized ratio of net charge-offs (recoveries) to average loans:
Park's Ohio-based operations	0.15		%	0.61		%	0.12		%	0.31		%
SEPH	(11.59		)%	(31.33		)%	(19.68		)%	(32.63		)%
Park	0.11		%	0.39		%	0.04		%	0.08		%

SEPH, as a non-bank subsidiary of Park, does not carry an ALLL balance, but recognizes a provision for loan losses when a charge-off is taken and recognizes a recovery of loan losses when a recovery is received.

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The following table provides additional information related to the allowance for loan losses for Park's Ohio-based operations, including information related to specific reserves and general reserves, at September 30, 2015, December 31, 2014 and September 30, 2014.

Park Ohio-based operations - Allowance for Loan Losses
(In thousands)	September 30, 2015			December 31, 2014			September 30, 2014
Total allowance for loan losses	$	58,483		$	54,352		$	57,674
Specific reserves	5,738			3,660			4,120
General reserves	$	52,745		$	50,692		$	53,554
Total loans(1)	$	4,984,449		$	4,805,725		$	4,768,159
Impaired commercial loans	54,537			51,323			53,510
Non-impaired loans	$	4,929,912		$	4,754,402		$	4,714,649
Total allowance for loan losses to total loans ratio	1.17		%	1.13		%	1.21		%
General reserves as a % of non-impaired loans	1.07		%	1.07		%	1.14		%
(1) Includes $11.4 million, $5.3 million, and $22.1 million of loans held for sale as of September 30, 2015, December 31, 2014 and September 30, 2014, respectively.

As the table above shows, specific reserves were $5.7 million at September 30, 2015, an increase of $2.1 million, compared to $3.7 million at December 31, 2014. General reserves for Park’s ongoing operations were $52.7 million at September 30, 2015, an increase of $2.1 million, compared to $50.7 million at December 31, 2014. The general reserve as a percentage of performing loans was 1.07% at September 30, 2015 and December 31, 2014.

Generally, management obtains updated valuations for all nonperforming loans, including those held at SEPH, annually. As new valuation information is received, management performs an evaluation and applies a discount for anticipated disposition costs to determine the net realizable value of the collateral, which is compared against the outstanding principal balance to determine if additional write-downs are necessary.

Nonperforming Assets: Nonperforming assets include: 1) loans whose interest is accounted for on a nonaccrual basis; 2) TDRs on accrual status; 3) loans which are contractually past due 90 days or more as to principal or interest payments but whose interest continues to accrue; (4) certain commercial loans held for sale; and (5) OREO which results from taking possession of property that served as collateral for a defaulted loan.

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The following table compares Park’s nonperforming assets at September 30, 2015, December 31, 2014 and September 30, 2014.

Park National Corporation - Nonperforming Assets

(In thousands)	September 30, 2015			December 31, 2014			September 30, 2014
Nonaccrual loans	$	90,995		$	100,393		$	100,471
Accruing TDRs	17,131			16,254			17,135
Loans past due 90 days or more	1,512			2,641			1,787
Total nonperforming loans	$	109,638		$	119,288		$	119,393
Commercial loans held for sale	—			—			21,985
Total nonperforming loans, including held for sale	$	109,638		$	119,288		$	141,378
OREO – PNB	7,797			10,687			7,082
OREO – SEPH	12,339			11,918			12,103
Total nonperforming assets	$	129,774		$	141,893		$	160,563
Percentage of nonaccrual loans to total loans	1.82		%	2.08		%	2.11		%
Percentage of nonperforming loans to total loans	2.19		%	2.47		%	2.50		%
Percentage of nonperforming assets to total loans	2.60		%	2.94		%	3.37		%
Percentage of nonperforming assets to total assets	1.78		%	2.03		%	2.29		%

Park management reviews all TDRs quarterly and may classify a TDR as accruing if the borrower has been current for a period of at least six months with respect to loan payments and management expects that the borrower will be able to continue to make payments in accordance with the terms of the restructured note. At September 30, 2015, management deemed it appropriate to have $17.1 million of TDRs on accrual status, while the remaining $41.9 million of TDRs were on nonaccrual status. Management reviews all accruing TDRs quarterly to ensure payments continue to be made in accordance with the modified terms.

Management reviews renewals/modifications of loans previously identified as TDRs to consider if it is appropriate to remove the TDR classification. If the borrower is no longer experiencing financial difficulty and the renewal/modification does not contain a concessionary interest rate or other concessionary terms, management considers the potential removal of the TDR classification. If deemed appropriate, the TDR classification is removed if the borrower has complied with the terms of the loan at the date of the renewal/modification and there was a reasonable expectation that the borrower would continue to comply with the terms of the loan subsequent to the date of the renewal/modification. The majority of these TDRs were originally considered restructurings in a prior year as a result of a renewal/modification with an interest rate that was not commensurate with the risk of the underlying loan at the time of the renewal/modification. The TDR classification was not removed on any loans during the three-month and nine-month periods ended September 30, 2015. During the three-month and nine-month periods ended September 30, 2014, Park removed the TDR classification on $0.9 million and $2.5 million, respectively, of loans that met the requirements discussed above.

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Nonperforming assets for Park's Ohio-based operations and for SEPH as of September 30, 2015, December 31, 2014 and September 30, 2014 were as reported in the following two tables:

Park's Ohio-based operations - Nonperforming Assets

(In thousands)	September 30, 2015			December 31, 2014			September 30, 2014
Nonaccrual loans	$	76,387		$	77,477		$	77,160
Accruing TDRs	17,036			16,157			17,038
Loans past due 90 days or more	1,512			2,641			1,787
Total nonperforming loans	$	94,935		$	96,275		$	95,985
Commercial loans held for sale	—			—			15,475
Total nonperforming loans, including held for sale	94,935			96,275			111,460
OREO – PNB	7,797			10,687			7,082
Total nonperforming assets	$	102,732		$	106,962		$	118,542
Percentage of nonaccrual loans to total loans	1.53		%	1.61		%	1.63		%
Percentage of nonperforming loans to total loans	1.90		%	2.00		%	2.02		%
Percentage of nonperforming assets to total loans	2.06		%	2.23		%	2.50		%
Percentage of nonperforming assets to total assets	1.42		%	1.55		%	1.71		%

SEPH - Nonperforming Assets

(In thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Nonaccrual loans	$	14,608	$	22,916	$	23,311
Accruing TDRs	95		97		97
Loans past due 90 days or more	—		—		—
Total nonperforming loans	$	14,703	$	23,013	$	23,408
Commercial loans held for sale	—		—		6,511
Total nonperforming loans, including held for sale	$	14,703	$	23,013	$	29,919
OREO – SEPH	12,339		11,918		12,103
Total nonperforming assets	$	27,042	$	34,931	$	42,022

When determining the quarterly loan loss provision, Park reviews the grades of commercial loans. These loans are graded from 1 to 8. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded a 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher loan loss reserve percentage is allocated to these loans. Commercial loans graded 6 (substandard), also considered watch list credits, represent higher credit risk than those rated special mention and, as a result, a higher loan loss reserve percentage is allocated to these loans. Generally, commercial loans that are graded a 6 are considered for partial charge-off. Commercial loans that are graded a 7 (doubtful) are shown as nonperforming and Park charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Certain 6-rated loans and all 7-rated loans are included within the impaired category. A loan is deemed impaired when management determines that the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged-off.

As of September 30, 2015, Park had taken partial charge-offs of approximately $30.0 million related to the $69.2 million of commercial loans considered to be impaired, compared to charge-offs of approximately $32.5 million related to the $73.7 million of impaired commercial loans at December 31, 2014. The table below provides additional information related to the Park impaired commercial loans at September 30, 2015, including those impaired commercial loans at PNB and those impaired Vision commercial loans retained at SEPH.

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Park National Corporation Impaired Commercial Loans at September 30, 2015

(In thousands)	Unpaid principal balance (UPB)		Prior charge- offs		Total impaired loans		Specific reserve		Carrying balance		Carrying balance as a % of UPB
PNB	$	54,420	$	5,033	$	49,387	$	5,738	$	43,649	80.21	%
PNB participations in Vision loans	9,504		4,354		5,150		—		5,150		54.19	%
SEPH - loans	35,248		20,597		14,651		—		14,651		41.57	%
Park totals	$	99,172	$	29,984	$	69,188	$	5,738	$	63,450	63.98	%

Allowance for loan losses: A portion of Park’s allowance for loan losses is allocated to commercial loans classified as “special mention” (graded a 5) or “substandard” (graded a 6). “Special mention” loans are loans that have potential weaknesses that may result in loss exposure to Park. “Substandard” loans are those that exhibit a well-defined weakness, jeopardizing repayment of the loan, resulting in a higher probability that Park will suffer a loss on the loan unless the weakness is corrected. Park’s 72-month loss experience for the period ended December 31, 2014, defined as charge-offs plus changes in specific reserves, within the commercial loan portfolio was 0.54% of the principal balance of these loans. This 72-month loss experience includes only the performance of the PNB loan portfolio and excludes the impact of PNB participations in Vision loans. The allowance for loan losses related to performing commercial loans was $30.8 million or 1.26% of the outstanding principal balance of accruing commercial loans at September 30, 2015.

The overall reserve of 1.26% for accruing commercial loans breaks down as follows: pass-rated commercial loans are reserved at 1.18%; special mention commercial loans are reserved at 5.18%; and substandard commercial loans are reserved at 8.48%. At September 30, 2015, the coverage period within the commercial portfolio was approximately 2.33 years. The reserve levels for pass-rated, special mention and substandard commercial loans in excess of the 72-month loss experience of 0.54% are due to the following factors which management reviews on a quarterly or annual basis:

• Loss Emergence Period Factor: Annually during the fourth quarter, management calculates the loss emergence period for each commercial loan segment. This loss emergence period is calculated based upon the average period of time it takes a credit to move from pass-rated to nonaccrual. If the loss emergence period for any commercial loan segment is greater than one year, management applies additional general reserves to all performing loans within that segment of the commercial loan portfolio.

• Loss Migration Factor: Park’s commercial loans are individually risk graded. If loan downgrades occur, the probability of default increases, and accordingly, management allocates a higher percentage reserve to those accruing commercial loans graded special mention and substandard. Annually, management calculates a loss migration factor for each commercial loan segment for special mention and substandard credits based on a review of losses over the period of time a loan takes to migrate from pass-rated to impaired.

• Environmental Loss Factor: Management has identified certain macroeconomic factors that trend in accordance with losses in Park’s commercial loan portfolio. These macroeconomic factors are reviewed quarterly and the adjustments made to the environmental loss factor impacting each segment in the performing commercial loan portfolio correlate to changes in the macroeconomic environment.

Generally, consumer loans are not individually graded. Consumer loans include: (1) mortgage and installment loans included in the construction real estate segment of the loan portfolio; (2) mortgage, home equity lines of credit (HELOC), and installment loans included in the residential real estate segment of the loan portfolio; and (3) all loans included in the consumer segment of the loan portfolio. The amount of loan loss reserve assigned to these loans is based on historical loss experience over the past 72 months, through December 31, 2014. Management generally considers a one-year coverage period (the “Historical Loss Factor”) appropriate because the probable loss on any given loan in the consumer loan pool should ordinarily become apparent in that time frame. However, management may incorporate adjustments to the Historical Loss Factor as circumstances warrant additional reserves (e.g., increased loan delinquencies, improving or deteriorating economic conditions, changes in lending management and underwriting standards, etc.). At September 30, 2015, the coverage period within the consumer portfolio was approximately 1.96 years.

The judgmental increases discussed above incorporate management’s evaluation of the impact of environmental qualitative factors which pose additional risks and assignment of a component of the allowance for loan losses in consideration of these factors. Such environmental factors include: national and local economic trends and conditions; experience, ability and depth of lending management and staff; effects of any changes in lending policies and procedures; and levels of, and trends in, consumer

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bankruptcies, delinquencies, impaired loans and charge-offs and recoveries. The determination of this component of the allowance for loan losses requires considerable management judgment. Actual loss experience may be more or less than the amount allocated.

Other Income

Other income increased by $795,000 to $20.2 million for the quarter ended September 30, 2015, compared to $19.4 million for the third quarter of 2014 and increased by $2.5 million to $58.3 million for the nine months ended September 30, 2015, compared to $55.7 million for the same period of 2014.

The following table is a summary of the changes in the components of other income:

	Three months ended September 30,									Nine months ended September 30,
(In thousands)	2015			2014			Change			2015			2014			Change
Income from fiduciary activities	$	4,933		$	4,734		$	199		$	15,055		$	14,100		$	955
Service charges on deposits	3,909			4,171			(262		)	10,974			11,772			(798		)
Other service income	3,251			2,450			801			8,577			6,895			1,682
Checkcard fee income	3,643			3,431			212			10,659			10,137			522
Bank owned life insurance income	1,574			1,420			154			4,538			3,708			830
ATM fees	648			654			(6		)	1,840			1,884			(44		)
OREO valuation adjustments	(718		)	(935		)	217			(1,273		)	(2,026		)	753
Gain on sale of OREO, net	243			2,149			(1,906		)	1,429			5,458			(4,029		)
Gain on commercial loans held for sale	—			—			—			756			—			756
Miscellaneous	2,708			1,322			1,386			5,700			3,787			1,913
Other income	$	20,191		$	19,396		$	795		$	58,255		$	55,715		$	2,540

The following table breaks out the change in total other income for the three and nine months ended September 30, 2015 compared to the same periods ended September 30, 2014 between Park’s Ohio-based operations and SEPH.

	Three months ended September 30 change from 2014 to 2015									Nine months ended September 30 change from 2014 to 2015
(In thousands)	Ohio-based operations			SEPH			Total			Ohio-based operations			SEPH			Total
Income from fiduciary activities	$	199		$	—		$	199		$	955		$	—		$	955
Service charges on deposits	(262		)	—			(262		)	(798		)	—			(798		)
Other service income	788			13			801			1,516			166			1,682
Checkcard fee income	212			—			212			522			—			522
Bank owned life insurance income	154			—			154			830			—			830
ATM fees	(6		)	—			(6		)	(44		)	—			(44		)
OREO valuation adjustments	(288		)	505			217			311			442			753
Gain on sale of OREO, net	(535		)	(1,371		)	(1,906		)	(1,207		)	(2,822		)	(4,029		)
Gain on commercial loans held for sale	—			—			—			34			722			756
Miscellaneous	1,079			307			1,386			1,592			321			1,913
Other income	$	1,341		$	(546	)	$	795		$	3,711		$	(1,171	)	$	2,540

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Income from fiduciary activities, which represents revenue earned from Park’s trust activities, increased by $199,000, or 4.2%, to $4.9 million for the three months ended September 30, 2015, compared to $4.7 million for the same period in 2014. Income from fiduciary activities increased by $955,000, or 6.8%, to $15.1 million for the nine months ended September 30, 2015, compared to $14.1 million for the same period in 2014. Fiduciary fees are generally charged based on the market value of customer accounts. The average market value for assets under management for the nine months ended September 30, 2015 was $4,375 million, an increase of approximately 4.0% compared to the average for the nine months ended September 30, 2014 of $4,206 million.

Service charges on deposits decreased by $262,000, or 6.3%, to $3.9 million for the three months ended September 30, 2015, compared to $4.2 million for the same period in 2014. Service charges on deposits decreased by $798,000, or 6.8%, to $11.0 million for the nine months ended September 30, 2015, compared to $11.8 million for the same period in 2014. The decline for the three and nine months ended September 30, 2015 was related to a decrease in non-sufficient funds (NSF) fee income of $434,000 and $1.2 million, offset by an increase in deposit account maintenance fees of $209,000 and $535,000.

Fee income earned from origination and sale into the secondary market of long-term, fixed-rate mortgage loans is included within other non-yield related fees in the subcategory “Other service income”. Other service income increased by $801,000, or 32.7%, to $3.3 million for the three months ended September 30, 2015, compared to $2.5 million for the same period in 2014. Other service income increased by $1.7 million, or 24.4%, to $8.6 million for the nine months ended September 30, 2015, compared to $6.9 million for the same period in 2014. The volume of originations of mortgage loans for sale into the secondary market was the primary driver of changes in this fee income category. There were $61.3 million and $163.8 million in originations of mortgage loans for sale in the secondary market for the three and nine months ended September 30, 2015, respectively, compared to $37.5 million and $96.5 million for the same periods of 2014.

Bank owned life insurance income increased by $830,000, or 22.4%, to $4.5 million for the nine months ended September 30, 2015, compared to $3.7 million for the same period in 2014. The increase was related to $1.3 million in income from the death benefits paid on policies during the first nine months of 2015 compared to $376,000 during the same period in 2014.

Gains on the sale of OREO, net was $243,000 for the three months ended September 30, 2015, compared to $2.1 million for the same period in 2014. Gains on the sale of OREO, net was $1.4 million for the nine months ended September 30, 2015, compared to $5.5 million for the same period in 2014. For the first nine months of 2015, OREO with a book value of $13.8 million was sold, compared to OREO with a book value of $21.1 million for the same period of 2014.

Gains on the sale of commercial loans held for sale was $756,000 for the nine months ended September 30, 2015 compared to no gains for the same period in 2014. This was related to certain commercial loans held for sale, with a book balance of $144,000 that were sold in the first quarter of 2015, resulting in a net gain of $756,000.

Miscellaneous income increased by $1.4 million, to $2.7 million for the three months ended September 30, 2015 compared to $1.3 million for the same period in 2014.  Miscellaneous income increased by $1.9 million, to $5.7 million for the nine months ended September 30, 2015 compared to $3.8 million for the same period in 2014.  During the third quarter of 2015, Park received $543,000 related to Visa incentives.  Additionally, other OREO income for the three and nine months ended September 30, 2015 increased by $973,000 and $1.0 million, respectively, compared to the same period in 2014. 

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Other Expense

The following table is a summary of the changes in the components of other expense:

	Three months ended September 30,								Nine months ended September 30,
(In thousands)	2015		2014			Change			2015		2014		Change
Salaries	$	21,692	$	20,515		$	1,177		$	63,669	$	60,426	$	3,243
Employee benefits	6,721		5,728			993			17,135		17,017		118
Occupancy expense	2,469		2,339			130			7,429		7,628		(199		)
Furniture and equipment expense	3,044		2,870			174			8,737		8,862		(125		)
Data processing fees	1,383		1,281			102			3,847		3,516		331
Professional fees and services	5,424		6,934			(1,510		)	15,701		21,385		(5,684		)
Marketing	1,058		1,087			(29		)	3,008		3,211		(203		)
Insurance	1,399		1,396			3			4,222		4,310		(88		)
Communication	1,245		1,304			(59		)	3,809		3,940		(131		)
State taxes	779		(350		)	1,129			2,709		1,550		1,159
OREO expense	323		244			79			1,114		1,829		(715		)
Miscellaneous	1,892		1,624			268			6,436		3,318		3,118
Other expense	$	47,429	$	44,972		$	2,457		$	137,816	$	136,992	$	824

The following table breaks out the change in total other expense for the three and nine months ended September 30, 2015, compared to September 30 2014 between Park’s Ohio-based operations and SEPH.

	Three months ended September 30 change from 2014 to 2015									Nine months ended September 30 change from 2014 to 2015
(In thousands)	Ohio based operations			SEPH			Total			Ohio based operations			SEPH			Total
Salaries	$	1,276		$	(99	)	$	1,177		$	3,499		$	(256	)	$	3,243
Employee benefits	998			(5		)	993			131			(13		)	118
Occupancy expense	130			—			130			(199		)	—			(199		)
Furniture and equipment expense	174			—			174			(125		)	—			(125		)
Data processing fees	102			—			102			331			—			331
Professional fees and services	47			(1,557		)	(1,510		)	(1,472		)	(4,212		)	(5,684		)
Marketing	(29		)	—			(29		)	(203		)	—			(203		)
Insurance	4			(1		)	3			(83		)	(5		)	(88		)
Communication	(59		)	—			(59		)	(129		)	(2		)	(131		)
State taxes	1,205			(76		)	1,129			1,189			(30		)	1,159
OREO expense	183			(104		)	79			(330		)	(385		)	(715		)
Miscellaneous	301			(33		)	268			2,542			576			3,118
Other expense	$	4,332		$	(1,875	)	$	2,457		$	5,151		$	(4,327	)	$	824

Salaries increased by $1.2 million, or 5.7%, to $21.7 million for the three months ended September 30, 2015, compared to $20.5 million for the same period in 2014. Salaries increased by $3.2 million, or 5.4%, to $63.7 million for the nine months ended September 30, 2015, compared to $60.4 million for the same period in 2014. The increase for the three months ended September 30, 2015 was due to an increase in salaries of $793,000, an increase in incentive compensation of $182,000, and an increase in share based compensation expense related to the long-term incentive plan of $100,000, compared to the same period of 2014.  The increase for the nine months ended September 30, 2015 was due to an increase in salaries of $2.2 million, an increase in incentive compensation of $510,000, and an increase in share based compensation expense related to the long-term incentive plan of $348,000, compared to the same period of 2014. While total FTEs has not increased Park has experienced an increase in higher paid positions to support regulatory compliance.

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Employee benefit expenses increased by $1.0 million, or 17.3%, to $6.7 million for the three months ended September 30, 2015, compared to $5.7 million for the same period in 2014. The increase for the three months ended September 30, 2015 was due to an increase in medical expenses of $322,000, a decline in pension income of $332,000 and an increase in supplemental employee retirement (SERP) expense of $353,000, compared to the same period of 2014. 

Professional fees and services decreased by $1.5 million, or 21.8%, to $5.4 million for the three months ended September 30, 2015, compared to $6.9 million for the same period in 2014. Professional fees and services decreased by $5.7 million, or 26.6%, to $15.7 million for the nine months ended September 30, 2015, compared to $21.4 million for the same period in 2014. The decreases were largely related to declines in legal expenses associated with PNB participations in Vision loans and other loan relationships at SEPH.

State taxes increased by $1.1 million, to expense of $779 thousand for the three months ended September 30, 2015, compared to income of $350,000 for the same period in 2014.  State taxes increased by $1.2 million, or 74.8%, to $2.7 million for the nine months ended September 30, 2015, compared to $1.6 million for the same period in 2014.  The increase comparing 2015 to 2014 was due to the 2014 reversal of an accrual previously established for the 2012 and 2013 state tax years which are now closed. 

Miscellaneous expense increased by $3.1 million, to $6.4 million for the nine months ended September 30, 2015, compared to $3.3 million for the same period in 2014. The $3.1 million increase for the nine-month period ended September 30, 2015 included expenses related to a prepayment penalty on borrowings and a contract termination fee which totaled $1.1 million, expense related to reserves for loan repurchases of $700,000, and the amortization of an investment in historic rehabilitation tax credits of $600,000.

Income Tax

Federal income tax expense was $8.0 million for the third quarter of 2015, compared to $8.4 million for the third quarter of 2014. The effective federal income tax rate for the third quarter of 2015 was 28.6%, compared to 31.4% for the same period in 2014. Federal income tax expense was $24.4 million for the first nine months of 2015, compared to $25.8 million for the same period of 2014. The effective federal income tax rate for the first nine months of 2015 was 28.9%, compared to 30.2% for the same period in 2014. The difference between the statutory federal income tax rate of 35% and Park’s effective tax rate is due to the permanent tax differences, primarily consisting of tax-exempt interest income from investments and loans, the tax benefit of investments in qualified affordable housing projects, federal historic preservation tax credits (new in the second quarter 2015), bank owned life insurance income, and dividends paid on the common shares held within Park’s salary deferral plan. Park expects permanent tax differences for the 2015 year will be approximately $6.9 million.

Park and its Ohio-based affiliates do not pay state income taxes to the state of Ohio, but Park pays a franchise tax based on year-end Park equity. The franchise tax expense is included in “state taxes” as part of other expense on Park’s Consolidated Condensed Statements of Income.

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Comparison of Financial Condition

At September 30, 2015 and December 31, 2014

Changes in Financial Condition and Liquidity

Total assets increased by $299 million, or 4.3%, to $7,300 million at September 30, 2015, compared to $7,001 million at December 31, 2014. This increase was primarily due to the following:

• Cash and cash equivalents increased by $145 million to $382 million at September 30, 2015, compared to $238 million at December 31, 2014. Money market instruments represented the majority of this increase, and were $279 million at September 30, 2015, compared to $104 million at December 31, 2014. This increase in cash and cash equivalents was due to an increase in deposits, primarily related to Parks Insured Cash Sweep Service (ICS) product.

• Total investment securities decreased by $32 million, or 2.1%, to $1,469 million at September 30, 2015, compared to $1,501 million at December 31, 2014.

• Loans increased by $170 million, or 3.5%, to $5,000 million at September 30, 2015, compared to $4,830 million at December 31, 2014.

Total liabilities increased by $280 million, or 4.4%, during the first nine months of 2015 to $6,585 million at September 30, 2015, from $6,305 million at December 31, 2014. This increase was primarily due to the following:

• Total deposits increased by $327 million, or 6.4%, to $5,455 million at September 30, 2015, compared to $5,128 million at December 31, 2014. The increase in deposits in the first nine months of 2015 was largely the result of a new product offering for ICS deposits.

• Long-term borrowings, including subordinated notes, decreased by $50 million or 6.0% to $782 million at September 30, 2015, compared to $832 million at December 31, 2014. During the first quarter of 2015, Park prepaid $54.5 million of long-term borrowings.

Total shareholders’ equity increased by $19.3 million, or 2.8%, to $715.8 million at September 30, 2015, from $696.5 million at December 31, 2014.

• Retained earnings increased by $16.7 million during the period as a result of net income of $60.1 million, offset by common share dividends of $43.4 million.

Increases or decreases in the investment securities portfolio, short-term borrowings and long-term debt are greatly dependent upon the growth in loans and deposits. The primary objective of management is to grow loan and deposit totals. To the extent that management is unable to grow loan totals at a desired growth rate, additional investment securities may be acquired. Likewise, both short-term borrowings and long-term debt are utilized to fund the growth in earning assets if the growth in deposits and cash flow from operations are not sufficient to do so.

Effective liquidity management ensures that the cash flow requirements of depositors and borrowers, as well as the operating cash needs of the Corporation, are met. Funds are available from a number of sources, including the securities portfolio, the core deposit base, Federal Home Loan Bank borrowings, and the capability to securitize or package loans for sale. The Corporation’s loan to asset ratio was 68.49% at September 30, 2015, compared to 68.98% at December 31, 2014 and 68.45% at September 30, 2014. Cash and cash equivalents were $382.3 million at September 30, 2015, compared to $237.7 million at December 31, 2014 and $303.3 million at September 30, 2014. Management believes that the present funding sources provide more than adequate liquidity for the Corporation to meet its cash flow needs.

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Capital Resources

Shareholders’ equity at September 30, 2015 was $715.8 million, or 9.8% of total assets, compared to $696.5 million, or 9.9% of total assets, at December 31, 2014 and $686.0 million, or 9.8% of total assets, at September 30, 2014.

Financial institution regulators have established guidelines for minimum capital ratios for banks, thrifts and bank holding companies. The net unrealized gain or loss on available-for-sale securities is generally not included in computing regulatory capital. During the first quarter of 2015, Park adopted the new Basel III regulatory capital framework as approved by the federal banking agencies. The adoption of this new framework modified the calculation of the various capital ratios, added a new ratio, common equity tier 1, and revised the adequately and well capitalized thresholds. Additionally, under the new rule, in order to avoid limitations on capital distributions, including dividend payments, Park must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. The amounts shown below as the adequately capitalized ratio plus capital conservation buffer includes the fully phased-in 2.50% buffer.

PNB met each of the well capitalized ratio guidelines at September 30, 2015. The following table indicates the capital ratios for PNB and Park at September 30, 2015 and December 31, 2014.

	As of September 30, 2015
	Leverage		Tier 1 Risk-Based		Common Equity Tier 1		Total Risk-Based
The Park National Bank	6.89	%	9.94	%	9.94	%	11.56	%
Park National Corporation	9.06	%	13.00	%	12.71	%	14.75	%
Adequately capitalized ratio	4.00	%	6.00	%	4.50	%	8.00	%
Adequately capitalized ratio plus capital conservation buffer	4.00	%	8.50	%	7.00	%	10.50	%
Well capitalized ratio (PNB only)	5.00	%	8.00	%	6.50	%	10.00	%

	As of December 31, 2014
	Leverage		Tier 1 Risk-Based		Common Equity Tier 1	Total Risk-Based
The Park National Bank	6.96	%	10.13	%	N/A	11.74	%
Park National Corporation	9.25	%	13.39	%	N/A	15.14	%
Adequately capitalized ratio	4.00	%	4.00	%	N/A	8.00	%
Well capitalized ratio (PNB only)	5.00	%	6.00	%	N/A	10.00	%

Contractual Obligations and Commitments

In the ordinary course of operations, Park enters into certain contractual obligations. Such obligations include the funding of operations through debt issuances as well as leases for premises. See page 41 of Park’s 2014 Annual Report (Table 35) for disclosure concerning contractual obligations and commitments at December 31, 2014. There were no significant changes in contractual obligations and commitments during the first nine months of 2015.

Financial Instruments with Off-Balance Sheet Risk

PNB is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include loan commitments and standby letters of credit. The instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements.

The exposure to credit loss (for PNB) in the event of nonperformance by the other party to the financial instrument for loan commitments and standby letters of credit is represented by the contractual amount of those instruments. PNB uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Since many of

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the loan commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan commitments to customers.

The total amounts of off-balance sheet financial instruments with credit risk were as follows:

(In thousands)	September 30, 2015		December 31, 2014
Loan commitments	$	937,228	$	869,793
Standby letters of credit	$	11,457	$	12,473

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ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Management reviews interest rate sensitivity on a bi-monthly basis by modeling the consolidated financial statements under various interest rate scenarios. The primary reason for these efforts is to guard Park from adverse impacts of unforeseen changes in interest rates. Management continues to believe that further changes in interest rates will have a small impact on net income, consistent with the disclosure on pages 40 and 41 of Park’s 2014 Annual Report.

On page 40 (Table 34) of Park’s 2014 Annual Report, management reported that Park’s twelve-month cumulative rate sensitivity gap was a positive (assets exceeding liabilities) $544 million or 8.46% of interest earning assets at December 31, 2014. At September 30, 2015, Park’s twelve-month cumulative rate sensitivity gap was a positive (assets exceeding liabilities) $443 million or 6.59% of interest earning assets.

Management supplements the interest rate sensitivity gap analysis with periodic simulations of balance sheet sensitivity under various interest rate and what-if scenarios to better forecast and manage the net interest margin. Management uses a 50 basis point change in market interest rates per quarter for a total of 200 basis points per year in evaluating the impact of changing interest rates on net interest income and net income over a twelve month horizon.

On page 41 of Park’s 2014 Annual Report, management reported that at December 31, 2014, the earnings simulation model projected that net income would increase by 1.3% using a rising interest rate scenario and decrease by 7.1% using a declining interest rate scenario over the next year. At September 30, 2015, the earnings simulation model projected that net income would increase by 3.13% using a rising interest rate scenario and would decrease by 11.50% in a declining interest rate scenario. At September 30, 2015, management continues to believe that gradual changes in interest rates (50 basis points per quarter for a total of 200 basis points per year) will have a small impact on net income.

ITEM 4 – CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

With the participation of the Chief Executive Officer and President (the principal executive officer) and the Chief Financial Officer, Secretary and Treasurer (the principal financial officer) of Park, Park’s management has evaluated the effectiveness of Park’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the quarterly period covered by this Quarterly Report on Form 10-Q. Based on that evaluation, Park’s Chief Executive Officer and President and Park’s Chief Financial Officer, Secretary and Treasurer have concluded that:

• information required to be disclosed by Park in this Quarterly Report on Form 10-Q and other reports that Park files or submits under the Exchange Act would be accumulated and communicated to Park’s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure;

• information required to be disclosed by Park in this Quarterly Report on Form 10-Q and the other reports that Park files or submits under the Exchange Act would be recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms; and

• Park’s disclosure controls and procedures were effective as of the end of the quarterly period covered by this Quarterly Report on Form 10-Q.

Changes in Internal Control Over Financial Reporting

There were no changes in Park’s internal control over financial reporting (as defined in Rule 13a – 15(f) under the Exchange Act) that occurred during Park’s fiscal quarter ended September 30, 2015, that have materially affected, or are reasonably likely to materially affect, Park’s internal control over financial reporting.

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PART II – OTHER INFORMATION

Item 1.       Legal Proceedings

There are no pending legal proceedings to which Park or any of its subsidiaries is a party or to which any of their property is subject, except for routine legal proceedings which Park’s subsidiary bank, PNB, is a party to incidental to its banking business, as well as routine legal proceedings at SEPH which SEPH (and SEPH as the successor to Vision Bank) is a party to incidental to its business. Park considers none of those proceedings to be material.

Item 1A.     Risk Factors

There are certain risks and uncertainties in our business that could cause our actual results to differ materially from those anticipated. In “ITEM 1A. RISK FACTORS” of Part I of Park’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the “2014 Form 10-K”), we included a detailed discussion of our risk factors. All of these risk factors should be read carefully in connection with evaluating our business and in connection with the forward-looking statements contained in this Quarterly Report on Form 10-Q. Any of the risks described in the 2014 Form 10-K could materially adversely affect our business, financial condition or future results and the actual outcome of matters as to which forward-looking statements are made. These are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

Item 2.       Unregistered Sales of Equity Securities and Use of Proceeds

(a) Not applicable

(b) Not applicable

(c) The following table provides information concerning purchases of Park’s common shares made by or on behalf of Park or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended, during the three months ended September 30, 2015, as well as the maximum number of common shares that may be purchased under Park’s previously announced stock repurchase authorization to fund the Park National Corporation 2013 Long-Term Incentive Plan (the "2013 Incentive Plan"):

Period	Total number of common shares purchased	Average price paid per common share		Total number of common shares purchased as part of publicly announced plans or programs	Maximum number of common shares that may yet be purchased under the plans or programs (1)
July 1 through July 31, 2015	—	$	—	—	538,250
August 1 through August 31, 2015	9,495	81.74		9,495	528,755
September 1 through September 30, 2015	20,705	83.06		20,705	508,050
Total	30,200	$	82.64	30,200	508,050

(1) The number shown represents, as of the end of each period, the maximum number of common shares that may yet be purchased as part of Park’s publicly announced stock repurchase authorization to fund the 2013 Incentive Plan which became effective on April 22, 2013.

At the 2013 Annual Meeting of Shareholders held on April 22, 2013, Park's shareholders approved the 2013 Incentive Plan. The aggregate number of common shares with respect to which awards may be granted under the 2013 Incentive Plan will be 600,000. The common shares to be issued and delivered under the 2013 Incentive Plan may consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares. No newly-issued common shares will be delivered under the 2013 Incentive Plan. On April 22, 2013, Park's Board of Directors authorized the purchase, from

70

time to time, of up to 600,000 Park common shares to be held as treasury shares for subsequent issuance and delivery under the 2013 Incentive Plan.

Item 3.      Defaults Upon Senior Securities

(a), (b) Not applicable.

Item 4.      Mine Safety Disclosures

Not applicable.

Item 5.      Other Information

(a), (b) Not applicable.

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Item 6.      Exhibits

3.1(a)	Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on March 24, 1992 (Incorporated herein by reference to Exhibit 3(a) to Park National Corporation’s Form 8-B, filed on May 20, 1992 (File No. 0-18772) (“Park’s Form 8-B”))
3.1(b)	Certificate of Amendment to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on May 6, 1993 (Incorporated herein by reference to Exhibit 3(b) to Park National Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 1993 (File No. 0-18772))
3.1(c)	Certificate of Amendment to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on April 16, 1996 (Incorporated herein by reference to Exhibit 3(a) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 1996 (File No. 1-13006))
3.1(d)	Certificate of Amendment by Shareholders to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on April 22, 1997 (Incorporated herein by reference to Exhibit 3(a)(1) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 1997 (File No. 1-13006) (“Park’s June 30, 1997 Form 10-Q”))
3.1(e)	Certificate of Amendment by Shareholders as filed with the Ohio Secretary of State on December 18, 2008 in order to evidence the adoption by the shareholders of Park National Corporation on December 18, 2008 of an amendment to Article FOURTH of Park National Corporation’s Articles of Incorporation to authorize Park National Corporation to issue up to 200,000 preferred shares, without par value (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed December 19, 2008 (File No. 1-13006))
3.1(f)	Certificate of Amendment by Directors to Articles as filed with the Ohio Secretary of State on December 19, 2008, evidencing adoption of amendment by Board of Directors of Park National Corporation to Article FOURTH of Articles of Incorporation to establish express terms of Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value, of Park National Corporation (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed December 23, 2008 (File No. 1-13006))
3.1(g)	Certificate of Amendment by Shareholders as filed with the Ohio Secretary of State on April 18, 2011 in order to evidence the adoption by Park National Corporation’s shareholders of an amendment to Article SIXTH of Park National Corporation’s Articles of Incorporation in order to provide that shareholders do not have preemptive rights (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed April 19, 2011 (File No. 1-13006))
3.1(h)	Articles of Incorporation of Park National Corporation (reflecting all amendments) [for SEC reporting compliance purposes only – not filed with Ohio Secretary of State] (Incorporated herein by reference to Exhibit 3.1(h) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2011 (File No. 1-13006))
3.2(a)	Regulations of Park National Corporation (Incorporated herein by reference to Exhibit 3(b) to Park’s Form 8-B)
3.2(b)	Certified Resolution regarding Adoption of Amendment to Subsection 2.02(A) of the Regulations of Park National Corporation by Shareholders on April 21, 1997 (Incorporated herein by reference to Exhibit 3(b)(1) to Park’s June 30, 1997 Form 10-Q)
3.2(c)	Certificate Regarding Adoption of Amendments to Sections 1.04 and 1.11 of Park National Corporation’s Regulations by the Shareholders on April 17, 2006 (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed on April 18, 2006 (File No. 1-13006))

72

3.2(d)	Certificate Regarding Adoption by the Shareholders of Park National Corporation on April 21, 2008 of Amendment to Regulations to Add New Section 5.10 to Article Five (Incorporated herein by reference to Exhibit 3.2(d) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 (File No. 1-13006) (“Park’s March 31, 2008 Form 10-Q”))
3.2(e)	Regulations of Park National Corporation (reflecting all amendments) [For purposes of SEC reporting compliance only] (Incorporated herein by reference to Exhibit 3.2(e) to Park’s March 31, 2008 Form 10-Q)
31.1	Rule 13a – 14(a) / 15d – 14(a) Certifications (Principal Executive Officer) (Filed herewith)
31.2	Rule 13a – 14(a) / 15d – 14(a) Certifications (Principal Financial Officer) (Filed herewith)
32.1	Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (Principal Executive Officer) (Furnished herewith)
32.2	Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (Principal Financial Officer) (Furnished herewith)
101	The following information from Park’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015 formatted in XBRL (eXtensible Business Reporting Language) pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Condensed Balance Sheets as of September 30, 2015 and December 31, 2014 (unaudited); (ii) the Consolidated Condensed Statements of Income for the three and nine months ended September 30, 2015 and 2014 (unaudited); (iii) the Consolidated Condensed Statements of Comprehensive Income for the three and nine months ended September 30, 2015 and 2014 (unaudited); (iv) the Consolidated Condensed Statements of Changes in Shareholders’ Equity for the nine months ended September 30, 2015 and 2014 (unaudited); (v) the Consolidated Condensed Statements of Cash Flows for the nine months ended September 30, 2015 and 2014 (unaudited); and (vi) the Notes to Unaudited Consolidated Condensed Financial Statements (electronically submitted herewith).

73

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	PARK NATIONAL CORPORATION
DATE: October 27, 2015	/s/ David L. Trautman
	David L. Trautman
	Chief Executive Officer and President
DATE: October 27, 2015	/s/ Brady T. Burt
	Brady T. Burt
	Chief Financial Officer, Secretary and Treasurer

74

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, David L. Trautman, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Park National Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

DATE: October 27, 2015	/s/ David L. Trautman
	David L. Trautman
	Chief Executive Officer and President
	(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Brady T. Burt, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015, of Park National Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

DATE: October 27, 2015	/s/ Brady T. Burt
	Brady T. Burt
	Chief Financial Officer, Secretary and Treasurer
	(Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATIONS PURSUANT TO SECTION 1350 OF

CHAPTER 63 OF TITLE 18 OF THE UNITED STATES CODE*

In connection with the Quarterly Report of Park National Corporation (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David L. Trautman, Chief Executive Officer and President of the Company, certify, pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of the Company and its subsidiaries.

/s/ David L. Trautman

David L. Trautman

Chief Executive Officer and President

(Principal Executive Officer)

DATE: October 27, 2015

*These certifications are being furnished as required by Rule 13a – 14(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 1350 of Chapter 63 of Title 18 of the United States Code, and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section.

These certifications shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates these certifications by reference.

EX-32.2

Exhibit 32.2

CERTIFICATIONS PURSUANT TO SECTION 1350 OF

CHAPTER 63 OF TITLE 18 OF THE UNITED STATES CODE*

In connection with the Quarterly Report of Park National Corporation (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brady T. Burt, Chief Financial Officer, Secretary and Treasurer, certify, pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of the Company and its subsidiaries.

/s/ Brady T. Burt

Brady T. Burt

Chief Financial Officer, Secretary and Treasurer

(Principal Financial Officer)

DATE: October 27, 2015

*These certifications are being furnished as required by Rule 13a – 14(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 1350 of Chapter 63 of Title 18 of the United States Code, and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section.

These certifications shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates these certifications by reference.

XML

Repurchase Agreement Borrowings (Tables)

9 Months Ended

Sep. 30, 2015

Transfers and Servicing [Abstract]

Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table Text Block]

The following table presents the carrying value of Park's repurchase agreements by remaining contractual maturity at September 30, 2015 and December 31, 2014:

	September 30, 2015
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	271,699	$	1,140	$	1,880	$	303,605	$	578,324
	December 31, 2014
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	268,427	$	164	$	4,940	$	303,449	$	576,980

XML

Earnings Per Common Share (Summary Of Computation Of Basic And Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Income available to common shareholders	$ 20,040	$ 18,269	$ 60,123	$ 59,656
Denominator for basic earnings per share (weighted average common shares outstanding)	15,361,087	15,392,421	15,370,380	15,395,320
Effect of dilutive options and warrants	40,721	21,243	41,131	18,305
Denominator for diluted earnings per share (weighted average common shares outstanding adjusted for the effect of dilutive options and warrants)	15,401,808	15,413,664	15,411,511	15,413,625
Basic earnings per common share	$ 1.30	$ 1.19	$ 3.91	$ 3.87
Diluted earnings per common share	$ 1.30	$ 1.19	$ 3.90	$ 3.87

XML

Loans (TDR Number Of Contracts Modified And Recorded Investment) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($) contracts	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($) contracts
Financing Receivable, Recorded Investment [Line Items]
Additional Specific Reserves Related To Troubled Debt Restructuring	$ 212	$ 258	$ 1,200	$ 537
Troubled Debt Restructuring, Classification removed		$ 900	$ 0	$ 2,500
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	72	80	77	96
Number of Contracts | contracts	91	121	322	331
Total Recorded Investment	$ 7,233	$ 4,529	$ 12,993	$ 6,853
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 2,664	$ 2,228	$ 2,710	$ 2,507
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	0	0	1	0
Total Recorded Investment			$ 20
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	7	3	7	4
Number of Contracts | contracts	8	14	33	24
Total Recorded Investment	$ 4,063	$ 1,801	$ 6,182	$ 1,841
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 821	$ 62	$ 821	$ 111
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	0	0	0
Number of Contracts | contracts	1	0	1	2
Total Recorded Investment	$ 196		$ 196	$ 207
Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	1	2	1	2
Number of Contracts | contracts	1	2	10	4
Total Recorded Investment	$ 200	$ 312	$ 1,344	$ 333
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 603	$ 194	$ 603	$ 194
Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	13	18	13	21
Number of Contracts | contracts	9	11	24	31
Total Recorded Investment	$ 748	$ 864	$ 1,524	$ 1,853
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 902	$ 1,205	$ 902	$ 1,354
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	0	0	0	0
Residential Real Estate Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	$ 4	$ 142	$ 36	$ 240
SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	0	0	0
Number of Contracts | contracts	0	0	0	0
Residential Real Estate Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	1	0	1
Number of Contracts | contracts	5	2	21	7
Total Recorded Investment	$ 47	$ 29	$ 347	$ 288
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period		$ 166		$ 166
Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	50	54	55	65
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 310	$ 486	$ 356	$ 564
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	0	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 0	$ 0	$ 0	$ 0
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	0	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 0	$ 0	$ 0	$ 0
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	0	0	0
Number of Contracts | contracts	5	2	11	8
Total Recorded Investment	$ 1,512	$ 622	$ 2,525	$ 905
Residential Real Estate Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	1	2	1	3
Number of Contracts | contracts	1	3	4	9
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 28	$ 115	$ 28	$ 118
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	61	87	217	246
Total Recorded Investment	$ 463	$ 759	$ 819	$ 1,186
Finance Leases Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts, During Period | contracts	0	0	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	$ 0	$ 0	$ 0	$ 0
Accruing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	708	1,832	2,048	2,572
Accruing [Member] | Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	0	0	0	0
Accruing [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	245	776	1,014	776
Accruing [Member] | Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	196		196
Accruing [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	200		200
Accruing [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	0	508	325	749
Accruing [Member] | Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	0	0	0	0
Accruing [Member] | Residential Real Estate Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment		133		228
Accruing [Member] | Residential Real Estate Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	16	0	242	93
Accruing [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	51	415	71	726
Nonaccrual [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	6,525	2,697	10,945	4,281
Nonaccrual [Member] | Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment			20
Nonaccrual [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	3,818	1,025	5,168	1,065
Nonaccrual [Member] | Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment				207
Nonaccrual [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment		312	1,144	333
Nonaccrual [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	748	356	1,199	1,104
Nonaccrual [Member] | Residential Real Estate Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	4	9	36	12
Nonaccrual [Member] | Residential Real Estate Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	31	29	105	195
Nonaccrual [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	1,512	622	2,525	905
Nonaccrual [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Recorded Investment	$ 412	$ 344	$ 748	$ 460

XML

Fair Value Qualitative information about Level 3 fair value measurements (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	$ 4,940,407	$ 4,779,758
Impaired loans carried at fair value	12,599	16,963
Other Assets, Fair Value Disclosure	4,916,210	4,757,461
Loans Held-for-sale, Fair Value Disclosure	11,403	5,264
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	12,599	16,963
Other Assets, Fair Value Disclosure	8,915	10,312
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	12,599	16,963
Other Assets, Fair Value Disclosure	8,915	10,312
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	4,354	6,473
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	4,354	6,473
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	5,785	8,481
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	$ 5,785	8,481
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans carried at fair value		$ 8,481
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	0.00%	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Minimum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	8.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	8.00%	8.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Minimum [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation	23.00%	23.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	68.00%	84.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Maximum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	8.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	13.30%	9.50%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Maximum [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation	50.00%	23.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	25.80%	38.80%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Weighted Average [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	8.00%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	10.20%	9.40%
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member] | Weighted Average [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation	42.10%	23.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans carried at fair value		$ 2,078
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	5.00%	5.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member] | Minimum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	10.70%	10.80%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	40.00%	35.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member] | Maximum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	10.70%	10.80%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	22.10%	17.50%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Loans Receivable [Member] | Weighted Average [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	10.70%	10.80%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans carried at fair value		$ 3,483
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	0.00%	0.20%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Minimum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	10.00%	10.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	10.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	67.00%	76.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Maximum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	20.00%	22.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	10.00%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	13.10%	45.40%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Weighted Average [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	13.70%	16.50%
Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate - Remaining Commercial [Member] | Loans Receivable [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	10.00%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	$ 1,757	$ 2,369
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	$ 1,757	2,369
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans carried at fair value		$ 2,921
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	0.00%	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	3.80%	7.90%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Minimum [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation	33.30%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	61.80%	120.60%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	10.10%	10.00%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Maximum [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation	50.00%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	13.60%	11.10%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	9.10%	8.00%
Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member] | Weighted Average [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation	42.50%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	5.00%	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	9.50%	8.40%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Minimum [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation		60.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	71.00%	87.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	9.50%	10.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Maximum [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation		95.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	$ 2,804	$ 1,470
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	27.10%	30.50%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	9.50%	9.40%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member] | Weighted Average [Member] | Cost Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Accumulated Depreciation		77.50%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	0.00%	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Minimum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate		15.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	15.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	54.70%	82.90%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Maximum [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate		15.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	15.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	$ 4,354	$ 6,473
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	21.20%	27.10%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member] | Weighted Average [Member] | Bulk Sale Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate		15.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	15.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Minimum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	0.00%	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate		6.80%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Maximum [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	45.60%	38.30%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate		7.80%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other Assets, Fair Value Disclosure	$ 1,757	$ 2,369
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Real Estate [Member] | Weighted Average [Member] | Sales Comparison Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	11.80%	10.10%
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Real Estate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate		7.60%
Construction Real Estate, SEPH Commercial Land and Development [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	$ 2,045	$ 2,078
Construction Real Estate, SEPH Commercial Land and Development [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	2,045	2,078
Construction Real Estate - Remaining Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	2,696	3,483
Construction Real Estate - Remaining Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	2,696	3,483
Fair Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans carried at fair value		$ 16,963
Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	5,785
Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	2,073
Fair Value [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	2,045
Fair Value [Member] | Construction Real Estate - Remaining Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loans Receivable, Fair Value Disclosure	$ 2,696

XML

Segment Information (Schedule Of Operating Results By Segment) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) segments	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments | segments			3
Net interest income	$ 57,715,000	$ 56,709,000	$ 169,765,000	$ 167,750,000
Provision for (recovery of) loan losses	2,404,000	4,501,000	5,648,000	1,016,000
Other income and security gains	20,191,000	19,396,000	58,255,000	55,715,000
Total other expense	47,429,000	44,972,000	137,816,000	136,992,000
Income (loss) before income taxes	28,073,000	26,632,000	84,556,000	85,457,000
Income Tax Expense (Benefit)	8,033,000	8,363,000	24,433,000	25,801,000
Net Income	20,040,000	18,269,000	60,123,000	59,656,000
Assets	7,300,340,000	7,011,255,000	7,300,340,000	7,011,255,000	$ 7,001,199,000
PNB [Member]
Segment Reporting Information [Line Items]
Net interest income	55,972,000	55,400,000	164,559,000	163,789,000
Provision for (recovery of) loan losses	2,587,000	6,527,000	7,329,000	8,070,000
Other income and security gains	19,699,000	18,415,000	56,431,000	53,027,000
Total other expense	43,144,000	38,992,000	124,662,000	119,408,000
Income (loss) before income taxes	29,940,000	28,296,000	88,999,000	89,338,000
Income Tax Expense (Benefit)	9,233,000	9,093,000	27,800,000	28,398,000
Net Income	20,707,000	19,203,000	61,199,000	60,940,000
Assets	7,216,773,000	6,913,425,000	7,216,773,000	6,913,425,000
GFSC [Member]
Segment Reporting Information [Line Items]
Net interest income	1,643,000	1,838,000	5,014,000	5,679,000
Provision for (recovery of) loan losses	282,000	425,000	1,086,000	1,014,000
Other income and security gains	1,000		2,000	1,000
Total other expense	726,000	774,000	2,264,000	2,361,000
Income (loss) before income taxes	636,000	639,000	1,666,000	2,305,000
Income Tax Expense (Benefit)	242,000	223,000	584,000	807,000
Net Income	394,000	416,000	1,082,000	1,498,000
Assets	36,517,000	41,104,000	36,517,000	41,104,000
SEPH [Member]
Segment Reporting Information [Line Items]
Net interest income	65,000	32,000	(37,000)	(261,000)
Provision for (recovery of) loan losses	(465,000)	(2,451,000)	(2,767,000)	(8,068,000)
Other income and security gains	347,000	892,000	1,434,000	2,605,000
Total other expense	1,456,000	3,332,000	4,939,000	9,266,000
Income (loss) before income taxes	(579,000)	43,000	(775,000)	1,146,000
Income Tax Expense (Benefit)	(203,000)	15,000	(271,000)	401,000
Net Income	(376,000)	28,000	(504,000)	745,000
Assets	37,938,000	53,025,000	37,938,000	53,025,000
All Other [Member]
Segment Reporting Information [Line Items]
Net interest income	35,000	(561,000)	229,000	(1,457,000)
Other income and security gains	144,000	89,000	388,000	82,000
Total other expense	2,103,000	1,874,000	5,951,000	5,957,000
Income (loss) before income taxes	(1,924,000)	(2,346,000)	(5,334,000)	(7,332,000)
Income Tax Expense (Benefit)	(1,239,000)	(968,000)	(3,680,000)	(3,805,000)
Net Income	(685,000)	(1,378,000)	(1,654,000)	(3,527,000)
Assets	$ 9,112,000	$ 3,701,000	$ 9,112,000	$ 3,701,000

XML

Loans (Aging Of Recorded Investment In Past Due Loans) (Details) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2015 USD ($) contracts		Sep. 30, 2014 USD ($) contracts	Sep. 30, 2015 USD ($) contracts		Sep. 30, 2014 USD ($) contracts	Dec. 31, 2014 USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		91		121	322		331
Accruing loans past due 30-89 days		$ 22,401			$ 22,401			$ 31,074
Past due nonaccrual loans and loans past due 90 days or more and accruing		38,012	[1]		38,012	[1]		52,932	[2]
Total loans past due		60,413			60,413			84,006
Total current		4,954,151			4,954,151			4,759,305
Recorded Investment		5,014,564			5,014,564			4,843,311
Loans past due 90 days or more and accruing		1,555			1,555			2,709
Financing Receivable, Modifications, Recorded Investment, During Period		$ 7,233		$ 4,529	$ 12,993		$ 6,853
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		8		14	33		24
Accruing loans past due 30-89 days		$ 213			$ 213			6,482
Past due nonaccrual loans and loans past due 90 days or more and accruing		3,619	[1]		3,619	[1]		7,508	[2]
Total loans past due		3,832			3,832			13,990
Total current		908,671			908,671			845,763
Loans past due 90 days or more and accruing		0			0			229
Financing Receivable, Modifications, Recorded Investment, During Period		4,063		$ 1,801	6,182		$ 1,841
Construction Real Estate, SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing loans past due 30-89 days		0			0
Past due nonaccrual loans and loans past due 90 days or more and accruing		2,043	[1]		2,043	[1]		2,068	[2]
Total loans past due		2,043			2,043			2,068
Total current		26			26			127
Recorded Investment	[3]	2,069			2,069			2,195
Loans past due 90 days or more and accruing		$ 0			$ 0			0
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		1		0	1		2
Accruing loans past due 30-89 days		$ 40			$ 40			166
Past due nonaccrual loans and loans past due 90 days or more and accruing		84	[1]		84	[1]		77	[2]
Total loans past due		124			124			243
Total current		116,142			116,142			115,196
Recorded Investment		116,266			116,266			115,439
Loans past due 90 days or more and accruing		0			0			0
Financing Receivable, Modifications, Recorded Investment, During Period		$ 196			$ 196		$ 207
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		0		0	1		0
Accruing loans past due 30-89 days		$ 77			$ 77			39
Past due nonaccrual loans and loans past due 90 days or more and accruing		8	[1]		8	[1]		68	[2]
Total loans past due		85			85			107
Total current		35,547			35,547			31,113
Recorded Investment		35,632			35,632			31,220
Loans past due 90 days or more and accruing		$ 0			0			9
Financing Receivable, Modifications, Recorded Investment, During Period					$ 20
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		0		0	0		0
Accruing loans past due 30-89 days		$ 81			$ 81			21
Past due nonaccrual loans and loans past due 90 days or more and accruing		78	[1]		78	[1]		25	[2]
Total loans past due		159			159			46
Total current		6,622			6,622			7,299
Recorded Investment		6,781			6,781			7,345
Loans past due 90 days or more and accruing		$ 0			$ 0			0
Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		1		2	10		4
Accruing loans past due 30-89 days		$ 257			$ 257			250
Past due nonaccrual loans and loans past due 90 days or more and accruing		18,292	[1]		18,292	[1]		19,592	[2]
Total loans past due		18,549			18,549			19,842
Total current		394,628			394,628			398,808
Recorded Investment		413,177			413,177			418,650
Loans past due 90 days or more and accruing		0			0
Financing Receivable, Modifications, Recorded Investment, During Period		$ 200		$ 312	$ 1,344		$ 333
Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		9		11	24		31
Accruing loans past due 30-89 days		$ 10,064			$ 10,064			11,146
Past due nonaccrual loans and loans past due 90 days or more and accruing		9,295	[1]		9,295	[1]		10,637	[2]
Total loans past due		19,359			19,359			21,783
Total current		1,198,702			1,198,702			1,169,474
Recorded Investment		1,218,061			1,218,061			1,191,257
Loans past due 90 days or more and accruing		469			469			1,329
Financing Receivable, Modifications, Recorded Investment, During Period		$ 748		$ 864	$ 1,524		$ 1,853
Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		5		2	21		7
Accruing loans past due 30-89 days		$ 796			$ 796			262
Past due nonaccrual loans and loans past due 90 days or more and accruing		153	[1]		153	[1]		387	[2]
Total loans past due		949			949			649
Total current		213,294			213,294			217,069
Recorded Investment		214,243			214,243			217,718
Loans past due 90 days or more and accruing		17			17			9
Financing Receivable, Modifications, Recorded Investment, During Period		47		$ 29	347		$ 288
Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing loans past due 30-89 days		240			240			596
Past due nonaccrual loans and loans past due 90 days or more and accruing		535	[1]		535	[1]		464	[2]
Total loans past due		775			775			1,060
Total current		23,601			23,601			26,176
Recorded Investment		24,376			24,376			27,236
Loans past due 90 days or more and accruing		4			4
Financing Receivable, Modifications, Recorded Investment, During Period		$ 4		$ 142	$ 36		$ 240
SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		0		0	0		0
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment	[3]	$ 912,503			$ 912,503			859,753
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		5		2	11		8
Accruing loans past due 30-89 days		$ 917			$ 917			808
Past due nonaccrual loans and loans past due 90 days or more and accruing		796	[1]		796	[1]		8,288	[2]
Total loans past due		1,713			1,713			9,096
Total current		1,094,104			1,094,104			1,064,087
Recorded Investment	[3]	1,095,817			1,095,817			1,073,183
Loans past due 90 days or more and accruing		0			0
Financing Receivable, Modifications, Recorded Investment, During Period		$ 1,512		$ 622	$ 2,525		$ 905
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		61		87	217		246
Accruing loans past due 30-89 days		$ 9,716			$ 9,716			11,304
Past due nonaccrual loans and loans past due 90 days or more and accruing		3,109	[1]		3,109	[1]		3,818	[2]
Total loans past due		12,825			12,825			15,122
Total current		959,710			959,710			881,005
Recorded Investment		972,535			972,535			896,127
Loans past due 90 days or more and accruing		1,065			1,065			1,133
Financing Receivable, Modifications, Recorded Investment, During Period		463		$ 759	819		$ 1,186
Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing loans past due 30-89 days		0			0			0
Past due nonaccrual loans and loans past due 90 days or more and accruing		0	[1]		0	[1]		0	[2]
Total loans past due		0			0			0
Total current		3,104			3,104			3,188
Recorded Investment		$ 3,104			$ 3,104			$ 3,188
Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts		1		3	4		9
Accruing Financing Receivable Modifications [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		$ 708		$ 1,832	$ 2,048		$ 2,572
Accruing Financing Receivable Modifications [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		245		776	1,014		776
Accruing Financing Receivable Modifications [Member] | Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		196			196
Accruing Financing Receivable Modifications [Member] | Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		0		0	0		0
Accruing Financing Receivable Modifications [Member] | Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		0		0	0		0
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		200			200
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		0		508	325		749
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		16		0	242		93
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period				133			228
Accruing Financing Receivable Modifications [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		51		415	71		726
Nonaccruing Financing Receivable Modifications [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		6,525		2,697	10,945		4,281
Nonaccruing Financing Receivable Modifications [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		3,818		1,025	5,168		1,065
Nonaccruing Financing Receivable Modifications [Member] | Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period							207
Nonaccruing Financing Receivable Modifications [Member] | Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period					20
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period				312	1,144		333
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		748		356	1,199		1,104
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		31		29	105		195
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		4		9	36		12
Nonaccruing Financing Receivable Modifications [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		1,512		622	2,525		905
Nonaccruing Financing Receivable Modifications [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		$ 412		$ 344	$ 748		$ 460

[1] Includes $1.6 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

[2] * Includes $2.7 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

[3] Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

XML

Other Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

Other Investment Securities [Abstract]

Schedule Of Other Investment Securities

Other investment securities consist of stock investments in the Federal Home Loan Bank ("FHLB") and the Federal Reserve Bank ("FRB"). These restricted stock investments are carried at their redemption value.

	September 30, 2015		December 31, 2014
(In thousands)
Federal Home Loan Bank stock	$	50,086	$	50,086
Federal Reserve Bank stock	8,225		8,225
Total	$	58,311	$	58,311

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Other Comprehensive Income (Loss) (Component Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income before reclassifications	$ 6,551	$ (2,905)	$ 6,179	$ 21,128
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	0	0	0	0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax	0	0	0	13
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	13
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	6,551	(2,905)	6,179	21,115
Other comprehensive income (loss)	6,551	(2,905)	6,179	21,115
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax	6,551	(2,905)	6,179	21,128
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax		0	0	0
Changes in pension plan assets and benefit obligations, Net-of-tax amount	(14,865)	(5,598)	(14,865)	(5,598)	$ 14,865	$ 14,865	$ 5,598	$ 5,598
Unrealized gains on available-for-sale securities, Net-of-tax amount	7,436	(8,706)	7,436	(8,706)	885	1,257	(5,801)	(29,821)
Total accumulated other comprehensive income (loss), Net-of-tax amount	$ (7,429)	(14,304)	(7,429)	(14,304)	$ (13,980)	$ (13,608)	$ (11,399)	$ (35,419)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax		$ 0	$ 0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax				$ 20

XML

Investment Securities (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule of Investments [Line Items]
Investment Securities average remaining life			5 years 2 months
Available-for-sale Securities and Held-to-maturity Securities	0	0	0	468
Other than Temporary Impairment Losses, Investments	$ 0		$ 0	$ 0
Asset backed securities mortgage portfolio, term			15 years
Gain (Loss) on Sale of Investments				$ 20,000
U.S. Treasury And Sponsored Entities Callable Notes [Member]
Schedule of Investments [Line Items]
Available for Sale expected to be called	150,300,000		$ 150,300,000
Available-for-sale securities	$ 545,100,000		$ 545,100,000
U.S. Treasury And Sponsored Entities Callable Notes [Member] | Minimum [Member]
Schedule of Investments [Line Items]
Available for Sale Securities, Debt Maturities, Term			2 years
U.S. Treasury And Sponsored Entities Callable Notes [Member] | Maximum [Member]
Schedule of Investments [Line Items]
Available for Sale Securities, Debt Maturities, Term			7 years

XML

Fair Value Fair Value (Assets and liabilities measured at fair value on a nonrecurring basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	$ 11,403	$ 5,264
Loans Receivable, Fair Value Disclosure	4,940,407	4,779,758
Other Assets, Fair Value Disclosure	4,916,210	4,757,461
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	12,599	16,963
Servicing Asset at Fair Value, Amount	3,023	2,928
Other Assets, Fair Value Disclosure	8,915	10,312
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	12,599	16,963
Other Assets, Fair Value Disclosure	8,915	10,312
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset at Fair Value, Amount	3,023	2,928
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	5,785	8,481
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	5,785	8,481
Residential Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Fair Value Disclosure	1,757	2,369
Residential Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Fair Value Disclosure	1,757	2,369
Construction Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Fair Value Disclosure	4,354	6,473
Construction Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Fair Value Disclosure	4,354	6,473
Commercial Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Fair Value Disclosure	2,804	1,470
Commercial Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Fair Value Disclosure	2,804	1,470
Residential Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,073	2,921
Residential Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,073	2,921
Construction Real Estate - Remaining Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,696	3,483
Construction Real Estate - Remaining Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,696	3,483
Construction Real Estate, SEPH Commercial Land and Development [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,045	2,078
Construction Real Estate, SEPH Commercial Land and Development [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,045	2,078
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	11,403	5,264
Loans Receivable, Fair Value Disclosure	4,941,429	4,775,330
Other Assets, Fair Value Disclosure	4,917,232	4,753,033
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	4,928,809	4,774,424
Other Assets, Fair Value Disclosure	4,916,210	4,757,461
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	11,403	5,264
Loans Receivable, Fair Value Disclosure	11,598	$ 5,334
Fair Value [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	5,785
Fair Value [Member] | Residential Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,073
Fair Value [Member] | Construction Real Estate - Remaining Commercial [Member] | Construction Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,696
Fair Value [Member] | Construction Real Estate, SEPH Commercial Land and Development [Member] | Construction Real Estate [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 2,045

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Investment in Qualified Affordable Housing (Notes)

9 Months Ended

Sep. 30, 2015

Equity Method Investments and Joint Ventures [Abstract]

Affordable Housing Program [Text Block]

Investment in Qualified Affordable Housing

Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purpose of these investments is to achieve a satisfactory return on capital, help create affordable housing opportunities, and to assist the Company to achieve our goals associated with the Community Reinvestment Act.

Previously, these investments were accounted for under the cost method of accounting with amortization of the investment being recorded in miscellaneous other expense and tax benefits recognized in the provision for income taxes.

During the first quarter of 2015, Park adopted ASU 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, and elected the proportional amortization method with amortization expense and tax benefits recognized through the provision for income taxes. This ASU is required to be applied retrospectively to all periods presented. As a result of these changes, Park recorded a cumulative-effect adjustment to beginning retained earnings.

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 (which included $45.4 million of affordable housing tax credit investments)	$	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 September 30, 2014		9 months ended September 30, 2014		12 months ended December 31, 2014
Total other expense
As previously reported	$	46,903	$	142,797	$	195,234
As reported under the new guidance	44,972		136,992		187,510
Income tax expense
As previously reported	$	6,398	$	19,903	$	28,602
As reported under the new guidance	8,363		25,801		36,459
Net income
As previously reported	$	18,303	$	59,749	$	84,090
As reported under the new guidance	18,269		59,656		83,957

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

(in thousands)	September 30, 2015		December 31, 2014
Affordable housing tax credit investments	$	52,731	$	48,911
Unfunded commitments	21,339		16,629

During each of the three months ended September 30, 2015 and 2014, Park recognized amortization expense of $1.7 million which was included within the provision for income taxes. During each of the nine months ended September 30, 2015 and2014, Park recognized amortization expense of $5.2 million which was included within the provision for income taxes. Additionally, during the three months ended September 30, 2015 and 2014, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $2.3 million and $2.2 million, respectively. For the nine months ended September 30, 2015 and 2014, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $6.8 million and $6.6 million, respectively.

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Allowance For Loan Losses (Activity In The Allowance For Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	$ 3,716	$ 3,985	$ 10,161	$ 15,507
Financing Receivable, Allowance for Credit Losses, Recovery	2,368	3,585	8,644	17,035
Financing Receivables Allowance For Credit Losses Net Charge Offs	1,348	4,738	1,517	2,810
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	57,427	57,911	54,352	59,468
Ending balance	58,483	57,674	58,483	57,674
Provision for Loan, Lease, and Other Losses	2,404	4,501	5,648	1,016
Commercial Financial And Agricultural [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	829	874	1,680	1,727
Financing Receivable, Allowance for Credit Losses, Recovery	415	161	987	755
Financing Receivables Allowance For Credit Losses Net Charge Offs	414	1,310	693	1,569
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	12,124	14,196	10,719	14,218
Ending balance	13,259	13,022	13,259	13,022
Provision for Loan, Lease, and Other Losses	1,549	136	3,233	373
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	46	463	329	6,531
Financing Receivable, Allowance for Credit Losses, Recovery	386	161	2,188	4,074
Financing Receivables Allowance For Credit Losses Net Charge Offs	(340)	1,769	(1,859)	3,924
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	9,467	11,062	8,808	15,899
Ending balance	9,455	10,429	9,455	10,429
Provision for Loan, Lease, and Other Losses	(352)	1,136	(1,212)	(1,546)
Construction Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	4	11	41	35
Financing Receivable, Allowance for Credit Losses, Recovery	274	2,368	1,238	8,342
Financing Receivables Allowance For Credit Losses Net Charge Offs	(270)	(1,095)	(1,197)	(7,045)
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,670	7,821	8,652	6,855
Ending balance	8,990	8,654	8,990	8,654
Provision for Loan, Lease, and Other Losses	50	(262)	(859)	(5,246)
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	575	623	1,732	1,899
Financing Receivable, Allowance for Credit Losses, Recovery	461	284	1,808	1,877
Financing Receivables Allowance For Credit Losses Net Charge Offs	114	1,351	(76)	1,034
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	15,268	14,519	14,772	14,251
Ending balance	15,022	14,846	15,022	14,846
Provision for Loan, Lease, and Other Losses	(132)	1,678	174	1,629
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	2,262	2,014	6,379	5,315
Financing Receivable, Allowance for Credit Losses, Recovery	832	607	2,420	1,981
Financing Receivables Allowance For Credit Losses Net Charge Offs	1,430	1,407	3,959	3,334
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	11,898	10,313	11,401	8,245
Ending balance	11,757	10,723	11,757	10,723
Provision for Loan, Lease, and Other Losses	1,289	1,817	4,315	5,812
Leases [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Recovery	0	4	3	6
Financing Receivables Allowance For Credit Losses Net Charge Offs	0	(4)	(3)	(6)
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0	0	0	0
Ending balance	0	0	0	0
Provision for Loan, Lease, and Other Losses	$ 0	(4)	$ (3)	(6)
Commercial loans held for sale [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		4,338		4,338
Commercial loans held for sale [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		597		597
Commercial loans held for sale [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		1,467		1,467
Commercial loans held for sale [Member] | Construction Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		1,262		1,262
Commercial loans held for sale [Member] | Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		1,012		1,012
Commercial loans held for sale [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		0		0
Commercial loans held for sale [Member] | Leases [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Write-downs		$ 0		$ 0

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Loans (Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	$ 90,995	$ 100,393
Accruing restructured loans	17,201	16,332
Loans past due 90 days or more and accruing	1,555	2,709
Total nonperforming loans	109,751	119,434
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	18,142	18,826
Accruing restructured loans	1,015	297
Loans past due 90 days or more and accruing	0	229
Total nonperforming loans	19,157	19,352
Construction Real Estate, SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	2,045	2,078
Accruing restructured loans	0	0
Loans past due 90 days or more and accruing	0	0
Total nonperforming loans	2,045	2,078
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	5,746	5,558
Accruing restructured loans	247	51
Loans past due 90 days or more and accruing	0	0
Total nonperforming loans	5,993	5,609
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	28	59
Accruing restructured loans	91	94
Loans past due 90 days or more and accruing	0	9
Total nonperforming loans	119	162
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	126	115
Accruing restructured loans	113	125
Loans past due 90 days or more and accruing	0	0
Total nonperforming loans	239	240
Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	23,787	24,336
Accruing restructured loans	583	594
Loans past due 90 days or more and accruing	0
Total nonperforming loans	24,370	24,930
Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	19,529	21,869
Accruing restructured loans	9,915	10,349
Loans past due 90 days or more and accruing	469	1,329
Total nonperforming loans	29,913	33,547
Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	1,685	1,879
Accruing restructured loans	806	630
Loans past due 90 days or more and accruing	17	9
Total nonperforming loans	2,508	2,518
Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	1,845	1,743
Accruing restructured loans	680	779
Loans past due 90 days or more and accruing	4
Total nonperforming loans	2,529	2,522
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	14,565	19,299
Accruing restructured loans	3,097	2,690
Loans past due 90 days or more and accruing	0
Total nonperforming loans	17,662	21,989
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans	3,497	4,631
Accruing restructured loans	654	723
Loans past due 90 days or more and accruing	1,065	1,133
Total nonperforming loans	$ 5,216	$ 6,487

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Repurchase Agreement Borrowings (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Nov. 30, 2012
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	$ 578,324	$ 576,980
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value	620,000	664,000
Available unpledged securities	276,000	347,000
Long-term Debt [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Long-term Debt, Prepayment Penalty	25,000
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount			$ 300,000
Payments of Debt Extinguishment Costs, Unamortized Balance	11,100	14,800
Maturity Overnight [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	271,699	268,427
Maturity up to 30 days [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	1,140	164
Maturity 30 to 90 Days [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	1,880	4,940
Maturity over 90 days [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	$ 303,605	$ 303,449

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Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) Net of Tax (Tables)

9 Months Ended

Sep. 30, 2015

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) [Table Text Block]

Other comprehensive income (loss) components, net of tax, are shown in the following table for the three-month and nine-month periods ended September 30, 2015 and 2014:

Three months ended September 30, (in thousands)		Changes in pension plan assets and benefit obligations			Unrealized gains and losses on available for sale securities			Total
Beginning balance at June 30, 2015		$	(14,865	)	$	885		$	(13,980	)
	Other comprehensive income before reclassifications	—			6,551			6,551
	Amounts reclassified from accumulated other comprehensive income	—			—			—
Net current period other comprehensive income		—			6,551			6,551
Ending balance at September 30, 2015		$	(14,865	)	$	7,436		$	(7,429	)
Beginning balance at June 30, 2014		$	(5,598	)	$	(5,801	)	$	(11,399	)
	Other comprehensive loss before reclassifications	—			(2,905		)	(2,905		)
	Amounts reclassified from accumulated other comprehensive loss	—			—			—
Net current period other comprehensive loss		—			(2,905		)	(2,905		)
Ending balance at September 30, 2014		$	(5,598	)	$	(8,706	)	$	(14,304	)

Nine months ended September 30, (in thousands)		Changes in pension plan assets and benefit obligations			Unrealized gains and losses on available for sale securities			Total
Beginning balance at December 31, 2014		$	(14,865	)	$	1,257		$	(13,608	)
	Other comprehensive income before reclassifications	—			6,179			6,179
	Amounts reclassified from accumulated other comprehensive income	—			—			—
Net current period other comprehensive income		—			6,179			6,179
Ending balance at September 30, 2015		$	(14,865	)	$	7,436		$	(7,429	)
Beginning balance at December 31, 2013		$	(5,598	)	$	(29,821	)	$	(35,419	)
	Other comprehensive income before reclassifications	—			21,128			21,128
	Amounts reclassified from accumulated other comprehensive income	—			(13		)	(13		)
Net current period other comprehensive income		—			21,115			21,115
Ending balance at September 30, 2014		$	(5,598	)	$	(8,706	)	$	(14,304	)

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Other Real Estate Owned (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	$ 20,136	$ 22,605
Commercial Real Estate [Member]
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	8,342	6,352
Construction Real Estate [Member]
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	8,225	11,281
Residential Real Estate [Member]
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	3,569	4,972
Mortgage Loans in Process of Foreclosure, Amount	$ 1,996	$ 2,807

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Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage loans held for sale	$ 11,403	$ 5,264
Fair Value Swap [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	226	226
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage loans held for sale	11,403	5,264
Mortgage IRLCs	195	70
Fair Value, Measurements, Recurring [Member] | Fair Value [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage loans held for sale	11,403	5,264
Mortgage IRLCs	195	70
Fair Value, Measurements, Recurring [Member] | Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member] | Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	545,051	538,064
Fair Value, Measurements, Recurring [Member] | Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member] | Fair Value [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	545,051	538,064
Fair Value, Measurements, Recurring [Member] | U.S. Government Sponsored Entities' Asset-Backed Securities [Member] | Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	745,780	761,153
Fair Value, Measurements, Recurring [Member] | U.S. Government Sponsored Entities' Asset-Backed Securities [Member] | Fair Value [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	745,780	761,153
Fair Value, Measurements, Recurring [Member] | Other Equity Securities [Member] | Level 1 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	1,876	1,922
Fair Value, Measurements, Recurring [Member] | Other Equity Securities [Member] | Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	757	776
Fair Value, Measurements, Recurring [Member] | Other Equity Securities [Member] | Fair Value [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	2,633	2,698
Fair Value, Measurements, Recurring [Member] | Fair Value Swap [Member] | Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	226	226
Fair Value, Measurements, Recurring [Member] | Fair Value Swap [Member] | Fair Value [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	$ 226	$ 226

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Other Investment Securities (Schedule Of Other Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Federal Home Loan Bank Stock	$ 50,086	$ 50,086
Federal Reserve Bank Stock	8,225	8,225
Other investment securities	$ 58,311	$ 58,311

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Loans (Recorded Investment By Loan Grade) (Details) - USD ($) $ in Thousands		Sep. 30, 2015		Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		$ 5,014,564		$ 4,843,311
Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		413,177		418,650
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	[1]	1,095,817		1,073,183
Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		3,104		3,188
5 Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		28,781		16,252
5 Rated [Member] | Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		2,881		3,349
5 Rated [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		2,490		2,581
5 Rated [Member] | Commercial, Financial, and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		8,734	[2]	1,874	[3]
5 Rated [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		14,676	[2]	8,448	[3]
5 Rated [Member] | Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		0		0
6 Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		9,026		3,568
6 Rated [Member] | SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		0	[2]	0	[3]
6 Rated [Member] | Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment				57
6 Rated [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		2,035		598
6 Rated [Member] | Commercial, Financial, and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		1,674	[2]	1,201	[3]
6 Rated [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		5,317	[2]	1,712	[3]
6 Rated [Member] | Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		0		0
Impaired [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		69,227		73,729
Impaired [Member] | SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		2,045	[2]	2,078	[3]
Impaired [Member] | Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		5,993		5,609
Impaired [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		24,370		24,930
Impaired [Member] | Commercial, Financial, and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		19,157	[2]	19,123	[3]
Impaired [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		17,662	[2]	21,989	[3]
Impaired [Member] | Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		0		0
Pass Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		2,435,902		2,378,859
Pass Rated [Member] | SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		24	[2]	117	[3]
Pass Rated [Member] | Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		107,392		106,424
Pass Rated [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		384,282		390,541
Pass Rated [Member] | Commercial, Financial, and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		882,938	[2]	837,555	[3]
Pass Rated [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		1,058,162	[2]	1,041,034	[3]
Pass Rated [Member] | Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total ending loan balance, recorded investment		3,104		3,188
Recorded Investment [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		2,542,936		2,472,408
Recorded Investment [Member] | SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		2,069	[2]	2,195	[3]
Recorded Investment [Member] | Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		116,266		115,439
Recorded Investment [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		413,177		418,650
Recorded Investment [Member] | Commercial, Financial, and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		912,503	[2]	859,753	[3]
Recorded Investment [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		1,095,817	[2]	1,073,183	[3]
Recorded Investment [Member] | Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment		$ 3,104		$ 3,188

[1] Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

[2] * Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

[3] * Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

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Consolidated Condensed Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net Income	$ 60,123	$ 59,656
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	5,648	1,016
Accretion of investment securities, net	4,921	2,815
Depreciation	5,362	5,489
Accretion of investment securities, net	(186)	(129)
Amortization of long-term debt prepayment penalty	4,522	3,681
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	0	(20)
Loan originations to be sold in secondary market	(163,764)	(96,384)
Proceeds from sale of loans in secondary market	160,593	93,335
Share-based compensation expense	704	355
OREO valuation adjustments	1,273	2,026
Gain on sale of OREO, net	(1,429)	(5,458)
Gain on sale of commercial loans held for sale	(756)	0
Bank owned life insurance income	(4,538)	(3,708)
Changes in assets and liabilities:
Increase in other assets	(12,461)	(12,950)
Increase in other liabilities	(3,214)	(5,024)
Net cash provided by operating activities	53,830	42,794
Investing activities:
Proceeds from sales of Federal Home Loan Bank stock	0	8,946
Proceeds from Sale of Available-for-sale Securities	0	488
Proceeds from maturity of:
Available-for-sale securities	198,418	71,968
Held-to-maturity securities	29,148	31,712
Purchases of:
Available-for-sale securities	(180,273)	(127,522)
Payments to Acquire Held-to-maturity Securities	(6,096)	0
Payments to Acquire Other Investments	0	(1,350)
Net loan originations, portfolio loans	(174,952)	(181,197)
Proceeds from commercial loans held for sale		0
Investments in qualified affordable housing projects	(4,290)	(8,184)
Proceeds from the sale of OREO	15,189	26,622
Purchases of bank owned life insurance	(10,045)	0
Life insurance death benefits	6,034	1,574
Purchases of premises and equipment, net	(9,464)	(4,865)
Net cash used in investing activities	(135,431)	(181,808)
Financing activities:
Net increase in deposits	326,982	339,010
Net increase in short-term borrowings	1,344	26,689
Proceeds from issuance of long-term debt	25,000	50,000
Repurchase of treasury shares	(4,279)	(1,485)
Repayment of long-term debt	(79,544)	(75,537)
Cash dividends paid on common shares	(43,346)	(43,407)
Net cash provided by financing activities	226,157	295,270
Increase in cash and cash equivalents	144,556	156,256
Cash and cash equivalents at beginning of year	237,699	147,030
Cash and cash equivalents at end of period	382,255	303,286
Supplemental disclosures of cash flow information:
Cash paid for interest	28,225	29,674
Cash paid for income taxes	19,820	18,620
Non cash activities:
Loans transferred to OREO	12,845	7,825
Transfers from loans to commercial loans held for sale	144	21,985
Affordable Housing Program, New Commitments	9,000	8,000
Mortgage Loans on Real Estate [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of loans in secondary market	2,968	$ 1,906
Commercial Portfolio Segment [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of commercial loans held for sale	(756)
Purchases of:
Proceeds from commercial loans held for sale	$ 900

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Share Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 234	$ 135	$ 704	$ 355
2013 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	600,000		600,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	534,250		534,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			23,025	21,975
2014 Awards | Scenario, Forecast [Member] | 2013 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense					$ 885,000
2015 Awards | Scenario, Forecast [Member] | 2013 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense					$ 1,400

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Loans (Loans Individually And Collectively Evaluated For Impairment) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 5,738	$ 3,660
Nonaccrual and accruing restructured loans	108,196	116,725
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	69,224	73,712
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	38,972	43,013
Partial Charge-Offs On Impaired Loans	29,984	32,480
Commercial Financial And Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	19,157	19,123
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	19,154	19,106
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	3	17
Construction Real Estate, SEPH Commercial Land and Development [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	2,045	2,078
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	2,045	2,078
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	5,993	5,609
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	5,993	5,609
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	0	0
Construction Real Estate - Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	119	153
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	0	0
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	119	153
Construction Real Estate - Installment [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	239	240
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	0	0
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	239	240
Residential Real Estate - Commercial [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	24,370	24,930
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	24,370	24,930
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	0	0
Residential Real Estate - Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	29,444	32,218
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	0	0
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	29,444	32,218
Residential Real Estate - HELOC [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	2,491	2,509
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	0	0
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	2,491	2,509
Residential Real Estate - Installment [Member]
Financing Receivable, Impaired [Line Items]
Nonaccrual and accruing restructured loans	2,525	2,522
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	0	0
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	2,525	2,522
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	488	262
Nonaccrual and accruing restructured loans	17,662	21,989
Nonaccrual and accruing restructured loans, loans individually evaluated for impairment	17,662	21,989
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	0	0
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Nonaccrual and accruing restructured loans	4,151	5,354
Nonaccrual and accruing restructured loans, loans collectively evaluated for impairment	4,151	5,354
Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Partial Charge-Offs On Impaired Loans	$ 25,700	$ 32,400

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Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2015

Other Real Estate Owned [Abstract]

Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Table Text Block] [Text Block]

Other Real Estate Owned ("OREO")

Management transfers a loan to OREO at the time that Park takes deed/title of the asset. The carrying amount of foreclosed properties held at September 30, 2015 and December 31, 2014 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	September 30, 2015		December 31, 2014
OREO:
Commercial real estate	$	8,342	$	6,352
Construction real estate	8,225		11,281
Residential real estate	3,569		4,972
Total OREO	20,136		$	22,605
Loans in process of foreclosure:
Residential real estate	$	1,996	$	2,807

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Allowance For Loan Losses (Tables)

9 Months Ended

Sep. 30, 2015

Loans and Leases Receivable, Allowance [Abstract]

Activity In The Allowance For Loan Losses

he activity in the allowance for loan losses for the three and nine months ended September 30, 2015 and September 30, 2014 is summarized below.

	Three Months Ended September 30, 2015
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate			Consumer		Leases		Total
Allowance for loan losses:
Beginning balance	$	12,124	$	9,467		$	8,670		$	15,268		$	11,898	$	—	$	57,427
Charge-offs	829		46			4			575			2,262		—		3,716
Recoveries	415		386			274			461			832		—		2,368
Net charge-offs/(recoveries)	414		(340		)	(270		)	114			1,430		—		1,348
Provision/(recovery)	1,549		(352		)	50			(132		)	1,289		—		2,404
Ending balance	$	13,259	$	9,455		$	8,990		$	15,022		$	11,757	$	—	$	58,483

	Three Months Ended September 30, 2014
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate			Residential real estate		Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	14,196	$	11,062	$	7,821		$	14,519	$	10,313	$	—		$	57,911
Charge-offs	874		463		11			623		2,014		—			3,985
Charge-offs upon transfer to held for sale	597		1,467		1,262			1,012		—		—			4,338
Recoveries	161		161		2,368			284		607		4			3,585
Net charge-offs/(recoveries)	1,310		1,769		(1,095		)	1,351		1,407		(4		)	4,738
Provision/(recovery)	136		1,136		(262		)	1,678		1,817		(4		)	4,501
Ending balance	$	13,022	$	10,429	$	8,654		$	14,846	$	10,723	$	—		$	57,674

	Nine Months Ended September 30, 2015
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate			Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	10,719	$	8,808		$	8,652		$	14,772		$	11,401	$	—		$	54,352
Charge-offs	1,680		329			41			1,732			6,379		—			10,161
Recoveries	987		2,188			1,238			1,808			2,420		3			8,644
Net charge-offs/(recoveries)	693		(1,859		)	(1,197		)	(76		)	3,959		(3		)	1,517
Provision/(recovery)	3,233		(1,212		)	(859		)	174			4,315		(3		)	5,648
Ending balance	$	13,259	$	9,455		$	8,990		$	15,022		$	11,757	$	—		$	58,483

	Nine Months Ended September 30, 2014
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate		Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	14,218	$	15,899		$	6,855		$	14,251	$	8,245	$	—		$	59,468
Charge-offs	1,727		6,531			35			1,899		5,315		—			15,507
Charge-offs upon transfer to held for sale	597		1,467			1,262			1,012		—		—			4,338
Recoveries	755		4,074			8,342			1,877		1,981		6			17,035
Net charge-offs/(recoveries)	1,569		3,924			(7,045		)	1,034		3,334		(6		)	2,810
Provision/(recovery)	373		(1,546		)	(5,246		)	1,629		5,812		(6		)	1,016
Ending balance	$	13,022	$	10,429		$	8,654		$	14,846	$	10,723	$	—		$	57,674

Composition Of The Allowance For Loan Losses

The composition of the allowance for loan losses at September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	2,495		$	488		$	2,118		$	637		$	—		$	—		$	5,738
Collectively evaluated for impairment	10,764			8,967			6,872			14,385			11,757			—			52,745
Total ending allowance balance	$	13,259		$	9,455		$	8,990		$	15,022		$	11,757		$	—		$	58,483
Loan balance:
Loans individually evaluated for impairment	$	19,150		$	17,651		$	8,038		$	24,349		$	—		$	—		$	69,188
Loans collectively evaluated for impairment	889,875			1,073,927			152,334			1,841,951			969,586			3,051			4,930,724
Total ending loan balance	$	909,025		$	1,091,578		$	160,372		$	1,866,300		$	969,586		$	3,051		$	4,999,912
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	13.03		%	2.76		%	26.35		%	2.62		%	—		%	—		%	8.29		%
Loans collectively evaluated for impairment	1.21		%	0.83		%	4.51		%	0.78		%	1.21		%	—		%	1.07		%
Total	1.46		%	0.87		%	5.61		%	0.80		%	1.21		%	—		%	1.17		%
Recorded investment:
Loans individually evaluated for impairment	$	19,154		$	17,662		$	8,038		$	24,370		$	—		$	—		$	69,224
Loans collectively evaluated for impairment	893,349			1,078,155			152,710			1,845,487			972,535			3,104			4,945,340
Total ending recorded investment	$	912,503		$	1,095,817		$	160,748		$	1,869,857		$	972,535		$	3,104		$	5,014,564

	December 31, 2014
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	981		$	262		$	1,812		$	605		$	—		$	—		$	3,660
Collectively evaluated for impairment	9,738			8,546			6,840			14,167			11,401			—			50,692
Total ending allowance balance	$	10,719		$	8,808		$	8,652		$	14,772		$	11,401		$	—		$	54,352
Loan balance:
Loans individually evaluated for impairment	$	19,103		$	21,978		$	7,690		$	24,905		$	—		$	—		$	73,676
Loans collectively evaluated for impairment	837,432			1,047,659			148,114			1,826,470			893,160			3,171			4,756,006
Total ending loan balance	$	856,535		$	1,069,637		$	155,804		$	1,851,375		$	893,160		$	3,171		$	4,829,682
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	5.14		%	1.19		%	23.56		%	2.43		%	—		%	—		%	4.97		%
Loans collectively evaluated for impairment	1.16		%	0.82		%	4.62		%	0.78		%	1.28		%	—		%	1.07		%
Total	1.25		%	0.82		%	5.55		%	0.80		%	1.28		%	—		%	1.13		%
Recorded investment:
Loans individually evaluated for impairment	$	19,106		$	21,989		$	7,687		$	24,930		$	—		$	—		$	73,712
Loans collectively evaluated for impairment	840,647			1,051,194			148,512			1,829,931			896,127			3,188			4,769,599
Total ending recorded investment	$	859,753		$	1,073,183		$	156,199		$	1,854,861		$	896,127		$	3,188		$	4,843,311

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Mortgage Loans Held For Sale (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Mortgage Loans Held for Sale [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	$ 11,403	$ 11,403	$ 5,264
Disposal Group, Including Discontinued Operation, Mortgage Loans	11,200	11,200	5,200
Gain (Loss) on Sale of Mortgage Loans		172	80
Commercial Portfolio Segment [Member]
Mortgage Loans Held for Sale [Line Items]
Gain on sale of loans in secondary market	0	800	$ 1,900
Loans held for sale - lower of cost or market	$ 100	$ 100		$ 22,000

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Loans (Loans Individually Evaluated For Impairment By Class Of Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	$ 99,172		$ 99,172		$ 106,156
Recorded investment	69,224	$ 76,231	69,224	$ 76,231	73,712
Allowance for loan losses allocated	5,738		5,738		3,660
Impaired Financing Receivable, Average Recorded Investment	69,933	89,455	69,541	98,690
Impaired Financing Receivable, Interest Income, Cash Basis Method	409	664	1,513	2,081
Commercial Financial And Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	19,154	23,186	19,154	23,186
Impaired Financing Receivable, Average Recorded Investment	19,793	18,764	19,056	19,362
Impaired Financing Receivable, Interest Income, Cash Basis Method	35	68	306	204
Commercial Financial And Agricultural [Member] | Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	18,724		18,724		30,601
Recorded investment	4,758		4,758		17,883
Allowance for loan losses allocated	0		0		0
Commercial Financial And Agricultural [Member] | Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	18,573		18,573		1,251
Recorded investment	14,396		14,396		1,223
Allowance for loan losses allocated	2,495		2,495		981
Construction Real Estate, SEPH Commercial Land and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	2,045	2,097	2,045	2,097
Impaired Financing Receivable, Average Recorded Investment	2,068	3,653	2,073	4,130
Impaired Financing Receivable, Interest Income, Cash Basis Method	0	12	8	134
Construction Real Estate, SEPH Commercial Land and Development [Member] | Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	10,835		10,835		11,026
Recorded investment	2,045		2,045		2,078
Allowance for loan losses allocated	0		0		0
Construction Real Estate, SEPH Commercial Land and Development [Member] | Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	0		0
Recorded investment	0		0
Allowance for loan losses allocated	0		0		0
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	5,993	5,970	5,993	5,970
Impaired Financing Receivable, Average Recorded Investment	6,059	8,561	5,771	9,587
Impaired Financing Receivable, Interest Income, Cash Basis Method	2	2	13	56
Construction Real Estate - Remaining Commercial [Member] | Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	2,242		2,242		1,427
Recorded investment	1,263		1,263		391
Allowance for loan losses allocated	0		0		0
Construction Real Estate - Remaining Commercial [Member] | Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	4,730		4,730		5,218
Recorded investment	4,730		4,730		5,218
Allowance for loan losses allocated	2,118		2,118		1,812
Residential Real Estate - Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	24,370	23,640	24,370	23,640
Impaired Financing Receivable, Average Recorded Investment	24,560	27,765	24,784	29,632
Impaired Financing Receivable, Interest Income, Cash Basis Method	240	255	768	825
Residential Real Estate - Commercial [Member] | Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	23,940		23,940		25,822
Recorded investment	22,264		22,264		23,352
Allowance for loan losses allocated	0		0		0
Residential Real Estate - Commercial [Member] | Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	2,225		2,225		1,578
Recorded investment	2,106		2,106		1,578
Allowance for loan losses allocated	637		637		605
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	17,662	21,303	17,662	21,303
Impaired Financing Receivable, Average Recorded Investment	17,453	30,644	17,857	35,458
Impaired Financing Receivable, Interest Income, Cash Basis Method	132	327	418	862
Commercial Real Estate [Member] | Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	12,285		12,285		27,923
Recorded investment	12,044		12,044		20,696
Allowance for loan losses allocated	0		0		0
Commercial Real Estate [Member] | Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	5,618		5,618		1,310
Recorded investment	5,618		5,618		1,293
Allowance for loan losses allocated	488		488		$ 262
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment		35		35
Impaired Financing Receivable, Average Recorded Investment		68		521
Impaired Financing Receivable, Interest Income, Cash Basis Method	$ 0	$ 0	$ 0	$ 0

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Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Summary Of Computation Of Basic And Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2015 and 2014.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except share and per common share data)	2015		2014		2015		2014
Numerator:
Net income available to common shareholders	$	20,040	$	18,269	$	60,123	$	59,656
Denominator:
Denominator for basic earnings per common share (weighted average common shares outstanding)	15,361,087		15,392,421		15,370,380		15,395,320
Effect of dilutive performance-based restricted stock units	40,721		21,243		41,131		18,305
Denominator for diluted earnings per common share (weighted average common shares outstanding adjusted for the effect of dilutive performance-based restricted stock units)	15,401,808		15,413,664		15,411,511		15,413,625
Earnings per common share:
Basic earnings per common share	$	1.30	$	1.19	$	3.91	$	3.87
Diluted earnings per common share	$	1.30	$	1.19	$	3.90	$	3.87

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Schedule Of Operating Results By Segment

	Operating Results for the three months ended September 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income	$	55,972	$	1,643	$	65		$	35		$	57,715
Provision for (recovery of) loan losses	2,587		282		(465		)	—			2,404
Other income	19,699		1		347			144			20,191
Other expense	43,144		726		1,456			2,103			47,429
Income (loss) before income taxes	$	29,940	$	636	$	(579	)	$	(1,924	)	$	28,073
Federal income taxes (benefit)	9,233		242		(203		)	(1,239		)	8,033
Net income (loss)	$	20,707	$	394	$	(376	)	$	(685	)	$	20,040
Assets (as of September 30, 2015)	$	7,216,773	$	36,517	$	37,938		$	9,112		$	7,300,340

	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	38,992		774		3,332			1,874			44,972
Income (loss) before income taxes	$	28,296	$	639	$	43		$	(2,346	)	$	26,632
Federal income taxes (benefit)	9,093		223		15			(968		)	8,363
Net income (loss)	$	19,203	$	416	$	28		$	(1,378	)	$	18,269
Assets (as of September 30, 2014)	$	6,913,425	$	41,104	$	53,025		$	3,701		$	7,011,255

	Operating Results for the nine months ended September 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	164,559	$	5,014	$	(37	)	$	229		$	169,765
Provision for (recovery of) loan losses	7,329		1,086		(2,767		)	—			5,648
Other income	56,431		2		1,434			388			58,255
Other expense	124,662		2,264		4,939			5,951			137,816
Income (loss) before income taxes	$	88,999	$	1,666	$	(775	)	$	(5,334	)	$	84,556
Federal income taxes (benefit)	27,800		584		(271		)	(3,680		)	24,433
Net income (loss)	$	61,199	$	1,082	$	(504	)	$	(1,654	)	$	60,123

	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	119,408		2,361		9,266			5,957			136,992
Income (loss) before income taxes	$	89,338	$	2,305	$	1,146		$	(7,332	)	$	85,457
Federal income taxes (benefit)	28,398		807		401			(3,805		)	25,801
Net income (loss)	$	60,940	$	1,498	$	745		$	(3,527	)	$	59,656

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Consolidated Condensed Statements Of Changes In Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Unrealized net holding gain on securities available-for-sale, tax	$ 3,328	$ 11,369
Cash dividends on common stock per share	$ 2.82	$ 2.82

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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule Of Investment Securities

Investment securities at December 31, 2014, were as follows:

Securities Available-for-Sale (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated  Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	546,886	$	11	$	8,833	$	538,064
U.S. Government sponsored entities' asset-backed securities	751,974		13,421		4,242		761,153
Other equity securities	1,120		1,578		—		2,698
Total	$	1,299,980	$	15,010	$	13,075	$	1,301,915

Securities Held-to-Maturity (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated Fair Value
U.S. Government sponsored entities' asset-backed securities	$	140,562	$	3,088	$	160	$	143,490

Investment securities at September 30, 2015, were as follows:

Securities Available-for-Sale (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated  Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	546,888	$	260	$	2,097	$	545,051
U.S. Government sponsored entities' asset-backed securities	734,014		13,766		2,000		745,780
Other equity securities	1,120		1,513		—		2,633
Total	$	1,282,022	$	15,539	$	4,097	$	1,293,464

Securities Held-to-Maturity (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated Fair Value
U.S. Government sponsored entities' asset-backed securities	$	111,415	$	2,110	$	82	$	113,443
Obligations of states and political subdivisions	$	6,094	$	48	$	—	$	6,142
Total	$	117,509	$	2,158	$	82	$	119,585

Schedule Of Unrealized Loss On Securities

Securities with unrealized losses at September 30, 2015, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Securities Available-for-Sale
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	179,452	$	548	$	215,339	$	1,549	$	394,791	$	2,097
U.S. Government sponsored entities' asset-backed securities	$	—	$	—	$	121,059	$	2,000	$	121,059	$	2,000
Total	$	179,452	$	548	$	336,398	$	3,549	$	515,850	$	4,097
Securities Held-to-Maturity
U.S. Government sponsored entities' asset-backed securities	$	—	$	—	$	7,899	$	82	$	7,899	$	82

Securities with unrealized losses at December 31, 2014, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Securities Available-for-Sale
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	119,913	$	87	$	388,140	$	8,746	$	508,053	$	8,833
U.S. Government sponsored entities' asset-backed securities	73,276		136		170,430		4,106		243,706		4,242
Total	$	193,189	$	223	$	558,570	$	12,852	$	751,759	$	13,075
Securities Held-to-Maturity
U.S. Government sponsored entities' asset-backed securities	$	8,032	$	148	$	2,714	$	12	$	10,746	$	160

Amortized Cost And Estimated Fair Value Of Investments In Debt Securities By Contractual Maturity

The amortized cost and estimated fair value of investments in debt securities at September 30, 2015, are shown in the following table by contractual maturity or the expected call date, except for asset-backed securities, which are shown as a single total, due to the unpredictability of the timing of principal repayments.

Securities Available-for-Sale (In thousands)	Amortized cost		Fair value		Tax equivalent yield
U.S. Treasury and sponsored entities' obligations:
Due within one year	150,000		150,257		1.39	%
Due five through ten years	396,888		394,794		2.43	%
Total	$	546,888	$	545,051	2.14	%
U.S. Government sponsored entities' asset-backed securities:	$	734,014	$	745,780	2.31	%

Securities Held-to-Maturity (In thousands)	Amortized cost		Fair value		Tax equivalent yield
Obligations of state and political subdivisions:
Due five through ten years	$	6,094	$	6,142	5.03	%
Total	$	6,094	$	6,142	5.03	%
U.S. Government sponsored entities' asset-backed securities	$	111,415	$	113,443	3.49	%

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Loans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Deferred Income	$ 10,300		$ 10,300		$ 9,400
Troubled Debt Restructuring, Classification removed		$ 900	0	$ 2,500
Partial Charge-Offs On Impaired Loans			29,984		32,480
Impaired Financing Receivable, Related Allowance	5,738		5,738		3,660
Recorded investment, related to loans	26,900		26,900		9,300
Troubled Debt Restructuring Included In Nonaccrual Loans	41,900		41,900		47,500
TDRs included in accruing loan totals	17,200		17,200		16,300
Nonaccrual Trouble Debt Restructuring Current	19,000		19,000		15,700
Commitments to lend additional funds to borrowers whose terms had been modified in a TDR	3,300		3,300		1,400
Specific reserves related to troubled debt restructuring	3,300		3,300		2,400
Additional Specific Reserves Related To Troubled Debt Restructuring	212	258	1,200	537
Modified substandard commercial loans, total recorded investment	245	443	245	443
Modified substandard consumer loans, total recorded investment	12,800	17,600	12,800	17,600
Loan Modifications on Nonacrrual status	160	200	$ 1,000	1,000
Loan past due period before entering default status			30 days
Financing Receivable, Modifications, Subsequent Default, Recorded Investment, During Period	2,664	2,228	$ 2,710	2,507
Deposit Liabilities Reclassified as Loans Receivable	1,700		1,700		2,300
Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Recorded Investment [Line Items]
Partial Charge-Offs On Impaired Loans			25,700		32,400
Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Recorded Investment [Line Items]
Partial Charge-Offs On Impaired Loans			4,300		0
Commercial Real Estate [Member] | Financing Receivable With No Related Allowance Recorded [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		0
Commercial Real Estate [Member] | Financing Receivable With A Related Allowance Recorded [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Related Allowance	488		488		$ 262
Accruing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans modified during period	61	160	61	261
Nonaccrual [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans modified during period	$ 2,600	$ 2,100	$ 2,600	$ 2,200

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Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	0		23,025	21,975
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	40,721	21,243	41,131	18,305
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Treasury Stock, Shares, Acquired	20,000	0	41,500	19,500

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Fair Value Fair Value (Impaired Financing Receivables Additional Information) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Book Value Of Impaired Loans Carried At Fair Value	$ 15,841	$ 19,643
Partial Charge-Offs On Impaired Loans carried at Fair Value	11,837	19,731
Impaired Financing Receivable, Related Allowance	5,738	3,660
impaired Financing Receivable, loans not held at Fair Value, Carrying Amount	50,887	53,089
Impaired Financing Receivable, Recorded Investment	69,224	73,712	$ 76,231
Impaired loans carried at fair value	12,599	16,963
Impaired Financing Receivable, loans not held at Fair Value, Recorded Investment	53,383	54,069
Partial Charge-offs on Impaired Loans carried at Cost	18,147	12,749
Impaired Financing Receivable, Carrying Value	63,486	70,052
Partial Charge-Offs On Impaired Loans	29,984	32,480
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	5,738	3,660
Financing Receivable, not collateral dependent [Domain]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Financing Receivable, Related Allowance	2,496	980
Commercial Receivables, excluding Commercial, Financial, and Agricultural [Domain]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Financing Receivable, Related Allowance	$ 3,242	$ 2,680

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Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash and due from banks	$ 102,928	$ 133,511
Money market instruments	279,327	104,188
Cash and cash equivalents	382,255	237,699
Investment securities:
Securities available-for-sale, at fair value (amortized cost of $1,282,022 and $1,299,980 at September 30, 2015 and December 31, 2014, respectively)	1,293,464	1,301,915
Securities held-to-maturity, at amortized cost (fair value of $119,585 and $143,490 at September 30, 2015 and December 31, 2014, respectively)	117,509	140,562
Other investment securities	58,311	58,311
Total investment securities	1,469,284	1,500,788
Loans	4,999,912	4,829,682
Allowance for loan losses	(58,483)	(54,352)
Net loans	4,941,429	4,775,330
Bank owned life insurance	180,739	171,928
Prepaid assets	82,949	75,190
Goodwill	72,334	72,334
Premises and equipment, net	59,581	55,479
Affordable housing tax credit investments	52,731	48,911
Other real estate owned	20,136	22,605
Interest Receivable	18,976	17,677
Mortgage loan servicing rights	8,812	8,613
Other	11,114	14,645
Total assets	7,300,340	7,001,199
Liabilities and Shareholders' Equity:
Noninterest bearing	1,288,750	1,269,296
Interest bearing	4,166,232	3,858,704
Total deposits	5,454,982	5,128,000
Short-term borrowings	278,324	276,980
Long-term debt	736,580	786,602
Subordinated debentures and notes	45,000	45,000
Unfunded commitments in affordable housing tax credit investments	21,339	16,629
Accrued interest payable	2,470	2,551
Other	45,842	48,896
Total liabilities	6,584,537	6,304,658
Shareholders' equity:
Preferred shares (200,000 shares authorized; 0 shares issued)	0	0
Common shares (No par value; 20,000,000 shares authorized; 16,150,859 shares issued at September 30, 2015 and 16,150,888 shares issued at December 31, 2014)	303,805	303,104
Retained earnings	501,145	484,484
Treasury shares (810,189 shares at September 30, 2015 and 758,489 at December 31, 2014)	(81,718)	(77,439)
Accumulated other comprehensive loss, net of taxes	(7,429)	(13,608)
Total shareholders' equity	715,803	696,541
Total liabilities and shareholders' equity	$ 7,300,340	$ 7,001,199

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Loans (Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 69,224	$ 76,231	$ 69,224	$ 76,231	$ 73,712
Average recorded investment	69,933	89,455	69,541	98,690
Interest income recognized	409	664	1,513	2,081
Commercial Financial And Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	19,154	23,186	19,154	23,186
Average recorded investment	19,793	18,764	19,056	19,362
Interest income recognized	35	68	306	204
Construction Real Estate, SEPH Commercial Land and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	2,045	2,097	2,045	2,097
Average recorded investment	2,068	3,653	2,073	4,130
Interest income recognized	0	12	8	134
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	5,993	5,970	5,993	5,970
Average recorded investment	6,059	8,561	5,771	9,587
Interest income recognized	2	2	13	56
Residential Real Estate - Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	24,370	23,640	24,370	23,640
Average recorded investment	24,560	27,765	24,784	29,632
Interest income recognized	240	255	768	825
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment	17,662	21,303	17,662	21,303
Average recorded investment	17,453	30,644	17,857	35,458
Interest income recognized	132	327	418	862
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment		35		35
Average recorded investment		68		521
Interest income recognized	$ 0	$ 0	$ 0	$ 0

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Consolidated Condensed Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Unrealized net holding gain (loss) on securities available-for-sale, Tax expense	$ 3,528	$ (1,564)	$ 3,328	$ 11,369

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Investment Securities (Schedule Of Unrealized Loss On Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value	$ 179,452	$ 193,189
Securities Available-for-Sale, Less than 12 months, Unrealized losses	548	223
Securities Available-for-Sale, 12 months or longer, Fair value	336,398	558,570
Securities Available-for-Sale, 12 months or longer, Unrealized losses	3,549	12,852
Securities Available-for-Sale, Fair value, Total	515,850	751,759
Securities Available-for-Sale, Unrealized losses, Total	4,097	13,075
Securities Held-to-Maturity, Unrealized losses, Total	82
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value	179,452	119,913
Securities Available-for-Sale, Less than 12 months, Unrealized losses	548	87
Securities Available-for-Sale, 12 months or longer, Fair value	215,339	388,140
Securities Available-for-Sale, 12 months or longer, Unrealized losses	1,549	8,746
Securities Available-for-Sale, Fair value, Total	394,791	508,053
Securities Available-for-Sale, Unrealized losses, Total	2,097	8,833
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value		73,276
Securities Available-for-Sale, Less than 12 months, Unrealized losses		136
Securities Available-for-Sale, 12 months or longer, Fair value	121,059	170,430
Securities Available-for-Sale, 12 months or longer, Unrealized losses	2,000	4,106
Securities Available-for-Sale, Fair value, Total	121,059	243,706
Securities Available-for-Sale, Unrealized losses, Total	2,000	4,242
Securities Held-to-Maturity, Less than 12 months, Fair value		8,032
Securities Held-to-Maturity, Less than 12 months, Unrealized losses		148
Securities Held-to-Maturity, 12 months or longer, Fair value	7,899	2,714
Securities Held-to-Maturity, 12 months or longer, Unrealized losses	82	12
Securities Held-to-Maturity, Fair value, Total	7,899	10,746
Securities Held-to-Maturity, Unrealized losses, Total	$ 82	$ 160

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Loan Servicing (Tables)

9 Months Ended

Sep. 30, 2015

Transfers and Servicing of Financial Assets [Abstract]

Activity For MSRs And Related Valuation Allowance

Activity for MSRs and the related valuation allowance follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	8,561		$	8,662		$	8,613		$	9,013
Additions	476			275			1,283			713
Amortization	(436		)	(421		)	(1,266		)	(1,249		)
Changes in valuation allowance	211			116			182			155
Carrying amount, net, end of period	$	8,812		$	8,632		$	8,812		$	8,632
Valuation allowance:
Beginning of period	$	855		$	992		$	826		$	1,031
Changes in valuation allowance	(211		)	(116		)	(182		)	(155		)
End of period	$	644		$	876		$	644		$	876

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Loan Servicing (Activity For MSRs And Related Valuation Allowance) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Servicing Asset at Amortized Value, Balance [Roll Forward]
Carrying amount, net, beginning of period	$ 8,561	$ 8,662	$ 8,613	$ 9,013
Additions	476	275	1,283	713
Amortization	(436)	(421)	(1,266)	(1,249)
Changes in valuation inputs & assumptions	211	116	(182)	(155)
Carrying amount, net, end of period	8,812	8,632	8,812	8,632
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	855	992	826	1,031
Changes in valuation allowance	(211)	116	182	155
Valuation allowance, end of period	$ 644	$ 876	$ 644	$ 876

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Loan Servicing

9 Months Ended

Sep. 30, 2015

Transfers and Servicing of Financial Assets [Abstract]

Loan Servicing

Loan Servicing

Park serviced sold mortgage loans of $1.27 billion at each of September 30, 2015, December 31, 2014 and September 30, 2014. At September 30, 2015, $5.7 million of the sold mortgage loans were sold with recourse, compared to $7.0 million at December 31, 2014 and $7.6 million at September 30, 2014. Management closely monitors the delinquency rates on the mortgage loans sold with recourse. At September 30, 2015 and December 31, 2014, management had established reserves of $827,000 and $379,000, respectively, to account for expected loan repurchases.

When Park sells mortgage loans with servicing rights retained, servicing rights are initially recorded at fair value. Park selected the “amortization method” as permissible within U.S. GAAP, whereby the servicing rights capitalized are amortized in proportion to and over the period of estimated future servicing income of the underlying loan. At the end of each reporting period, the carrying value of mortgage servicing rights (“MSRs”) is assessed for impairment with a comparison to fair value. MSRs are carried at the lower of their amortized cost or fair value.

 Activity for MSRs and the related valuation allowance follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	8,561		$	8,662		$	8,613		$	9,013
Additions	476			275			1,283			713
Amortization	(436		)	(421		)	(1,266		)	(1,249		)
Changes in valuation allowance	211			116			182			155
Carrying amount, net, end of period	$	8,812		$	8,632		$	8,812		$	8,632
Valuation allowance:
Beginning of period	$	855		$	992		$	826		$	1,031
Changes in valuation allowance	(211		)	(116		)	(182		)	(155		)
End of period	$	644		$	876		$	644		$	876

Servicing fees included in other service income were $0.8 million and $2.5 million for the three and nine months ended September 30, 2015, respectively. Servicing fees included in other service income were $0.8 million and $2.6 million for the three and nine months ended September 30, 2014, respectively.

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Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of impaired financing receivables additional info [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents assets and liabilities measured at fair value on a recurring basis:

Fair Value Measurements at September 30, 2015 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2015
Assets
Investment securities:
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	—	$	545,051	$	—	$	545,051
U.S. Government sponsored entities’ asset-backed securities	—		745,780		—		745,780
Equity securities	1,876		—		757		2,633
Mortgage loans held for sale	—		11,403		—		11,403
Mortgage IRLCs	—		195		—		195
Liabilities
Fair value swap	$	—	$	—	$	226	$	226

Fair Value Measurements at December 31, 2014 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2014
Assets
Investment securities:
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	—	$	538,064	$	—	$	538,064
U.S. Government sponsored entities’ asset-backed securities	—		761,153		—		761,153
Equity securities	1,922		—		776		2,698
Mortgage loans held for sale	—		5,264		—		5,264
Mortgage IRLCs	—		70		—		70
Liabilities
Fair value swap	$	—	$	—	$	226	$	226

Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis

The table below is a reconciliation of the beginning and ending balances of the Level 3 inputs for the three and nine months ended September 30, 2015 and 2014, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements

Three months ended September 30, 2015 and 2014

(In thousands)	Equity Securities		Fair value swap
Balance, at July 1, 2015	$	744	$	(226	)
Total gains/(losses)
Included in earnings – realized	—		—
Included in earnings – unrealized	—		—
Included in other comprehensive income (loss)	13		—
Purchases, sales, issuances and settlements, other	—		—
Re-evaluation of fair value swap, recorded in other expense	—		—
Balance at September 30, 2015	$	757	$	(226	)
Balance, at July 1, 2014	$	747	$	(135	)
Total gains/(losses)
Included in earnings – realized	—		—
Included in earnings – unrealized	—		—
Included in other comprehensive income (loss)	14		—
Purchases, sales, issuances and settlements, other	—		—
Re-evaluation of fair value swap	—		(91		)
Balance at September 30, 2014	$	761	$	(226	)

Level 3 Fair Value Measurements

Nine months ended September 30, 2015 and 2014

(In thousands)	Equity Securities			Fair value swap
Balance, at January 1, 2015	$	776		$	(226	)
Total gains/(losses)
Included in earnings – realized	—			—
Included in earnings – unrealized	—			—
Included in other comprehensive income (loss)	(19		)	—
Purchases, sales, issuances and settlements, other	—			—
Re-evaluation of fair value swap, recorded in other expense	—			—
Balance at September 30, 2015	$	757		$	(226	)
Balance, at January 1, 2014	$	759		$	(135	)
Total gains/(losses)
Included in earnings – realized	—			—
Included in earnings – unrealized	—			—
Included in other comprehensive income (loss)	2			—
Purchases, sales, issuances and settlements, other	—			—
Re-evaluation of fair value swap	—			(91		)
Balance at September 30, 2014	$	761		$	(226	)

Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis

The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Collateral dependent impaired loans are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken to the property's value subsequent to the initial measurement.

Fair Value Measurements at September 30, 2015 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2015
Impaired loans recorded at fair value:
Commercial real estate	$	—	$	—	$	5,785	$	5,785
Construction real estate:
SEPH commercial land and development	—		—		2,045		2,045
Remaining commercial	—		—		2,696		2,696
Residential real estate	—		—		2,073		2,073
Total impaired loans recorded at fair value	$	—	$	—	$	12,599	$	12,599
Mortgage servicing rights	$	—	$	3,023	$	—	$	3,023
OREO:
Commercial real estate	—		—		2,804		2,804
Construction real estate	—		—		4,354		4,354
Residential real estate	—		—		1,757		1,757
Total OREO	$	—	$	—	$	8,915	$	8,915

Fair Value Measurements at December 31, 2014 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2014
Impaired loans recorded at fair value:
Commercial real estate	$	—	$	—	$	8,481	$	8,481
Construction real estate:
SEPH commercial land and development	—		—		2,078		2,078
Remaining commercial	—		—		3,483		3,483
Residential real estate	—		—		2,921		2,921
Total impaired loans recorded at fair value	$	—	$	—	$	16,963	$	16,963
Mortgage servicing rights	$	—	$	2,928	$	—	$	2,928
OREO:
Commercial real estate	—		—		1,470		1,470
Construction real estate	—		—		6,473		6,473
Residential real estate	—		—		2,369		2,369
Total OREO	$	—	$	—	$	10,312	$	10,312

Qualitative Information about Level 3 Fair Value Measurements Measured on Non-Recurring Basis

The following tables present qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2015 and December 31, 2014:

September 30, 2015
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Impaired loans:
Commercial real estate	$	5,785	Sales comparison approach	Adj to comparables	0.0% - 68.0% (25.8%)
			Bulk sale approach	Discount rate	8.0% (8.0%)
			Income approach	Capitalization rate	8.0% - 13.3% (10.2%)
			Cost approach	Accumulated depreciation	23.0% - 50.0% (42.1%)
Construction real estate:
SEPH commercial land and development	$	2,045	Sales comparison approach	Adj to comparables	5.0% - 40.0% (22.1%)
			Bulk sale approach	Discount rate	10.7% (10.7%)
Remaining commercial	$	2,696	Sales comparison approach	Adj to comparables	0.0% - 67.0% (13.1%)
			Bulk sale approach	Discount rate	10.0% - 20.0% (13.7%)
Residential real estate	$	2,073	Sales comparison approach	Adj to comparables	0.0% - 61.8% (13.6%)
			Income approach	Capitalization rate	3.8% - 10.1% (9.1%)
			Cost approach	Accumulated depreciation	33.3% - 50.0% (42.5%)
Other real estate owned:
Commercial real estate	$	2,804	Sales comparison approach	Adj to comparables	5.0% - 71.0% (27.1%)
			Income approach	Capitalization rate	9.5% (9.5%)
Construction real estate	$	4,354	Sales comparison approach	Adj to comparables	0.0% - 54.7% (21.2%)
			Income approach	Capitalization rate	15.0% (15.0%)
Residential real estate	$	1,757	Sales comparison approach	Adj to comparables	0.0% - 45.6% (11.8%)

Balance at December 31, 2014
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Impaired loans:
Commercial real estate	$	8,481	Sales comparison approach	Adj to comparables	0.0% - 84.0% (38.8%)
			Income approach	Capitalization rate	8.0% - 9.5% (9.4%)
			Cost approach	Accumulated depreciation	23.0% (23.0%)
Construction real estate:
SEPH commercial land and development	$	2,078	Sales comparison approach	Adj to comparables	5.0% - 35.0% (17.5%)
			Bulk sale approach	Discount rate	10.8% (10.8%)
Remaining commercial	$	3,483	Sales comparison approach	Adj to comparables	0.2% - 76.0% (45.4%)
			Bulk sale approach	Discount rate	10.0% - 22.0% (16.5%)
Residential real estate	$	2,921	Sales comparison approach	Adj to comparables	0.0% - 120.6% (11.1%)
			Income approach	Capitalization rate	7.9% - 10.0% (8.0%)
Other real estate owned:
Commercial real estate	$	1,470	Sales comparison approach	Adj to comparables	0.0% - 87.0% (30.5%)
			Income approach	Capitalization rate	8.4% - 10.0% (9.4%)
			Cost approach	Accumulated depreciation	60.0% - 95.0% (77.5%)
Construction real estate	$	6,473	Sales comparison approach	Adj to comparables	0.0% - 82.9% (27.1%)
			Bulk sale approach	Discount rate	15.0% (15.0%)
Residential real estate	$	2,369	Sales comparison approach	Adj to comparables	0.0% - 38.3% (10.1%)
			Income approach	Capitalization rate	6.8% - 7.8% (7.6%)

Fair Value, by Balance Sheet Grouping

The fair value of financial instruments at September 30, 2015 and December 31, 2014, was as follows:

	September 30, 2015
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	382,255	$	382,255	$	—	$	—	$	382,255
Investment securities	1,410,973		1,876		1,410,416		757		1,413,049
Federal Home Loan Bank stock	50,086		N/A		N/A		N/A		N/A
Federal Reserve Bank stock	8,225		N/A		N/A		N/A		N/A
Accrued interest receivable - securities	4,324		—		4,324		—		4,324
Accrued interest receivable - loans	14,652		—		—		14,652		14,652
Loans held for sale	11,403		—		11,403		—		11,403
Mortgage IRLCs	195		—		195		—		195
Impaired loans carried at fair value	12,599		—		—		12,599		12,599
Other loans, net	4,917,232		—		—		4,916,210		4,916,210
Loans receivable, net	$	4,941,429	$	—	$	11,598	$	4,928,809	$	4,940,407
Financial liabilities:
Noninterest bearing checking accounts	$	1,288,750	$	1,288,750	$	—	$	—	$	1,288,750
Interest bearing transactions accounts	1,212,244		1,212,244		—		—		1,212,244
Savings accounts	1,623,832		1,623,832		—		—		1,623,832
Time deposits	1,324,831		—		1,330,003		—		1,330,003
Other	5,325		5,325		—		—		5,325
Total deposits	$	5,454,982	$	4,130,151	$	1,330,003	$	—	$	5,460,154
Short-term borrowings	$	278,324	$	—	$	278,324	$	—	$	278,324
Long-term debt	736,580		—		778,621		—		778,621
Subordinated debentures/notes	45,000		—		42,847		—		42,847
Accrued interest payable – deposits	1,143		63		1,080		—		1,143
Accrued interest payable – debt/borrowings	1,327		12		1,315		—		1,327
Derivative financial instruments:
Fair value swap	$	226	$	—	$	—	$	226	$	226

	December 31, 2014
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	237,699	$	237,699	$	—	$	—	$	237,699
Investment securities	1,442,477		1,922		1,442,708		775		1,445,405
Federal Home Loan Bank stock	50,086		N/A		N/A		N/A		N/A
Federal Reserve Bank stock	8,225		N/A		N/A		N/A		N/A
Accrued interest receivable - securities	4,048		—		4,048		—		4,048
Accrued interest receivable - loans	13,629		—		—		13,629		13,629
Loans held for sale	5,264		—		5,264		—		5,264
Mortgage IRLCs	70		—		70		—		70
Impaired loans carried at fair value	16,963		—		—		16,963		16,963
Other loans, net	4,753,033		—		—		4,757,461		4,757,461
Loans receivable, net	$	4,775,330	$	—	$	5,334	$	4,774,424	$	4,779,758
Financial liabilities:
Noninterest bearing checking accounts	$	1,269,296	$	1,269,296	$	—	—		$	1,269,296
Interest bearing transactions accounts	1,122,079		1,122,079		—		—		1,122,079
Savings accounts	1,325,445		1,325,445		—		—		1,325,445
Time deposits	1,409,911		—		1,422,885		—		1,422,885
Other	1,269		1,269		—		—		1,269
Total deposits	$	5,128,000	$	3,718,089	$	1,422,885	$	—	$	5,140,974
Short-term borrowings	$	276,980	$	—	$	276,980	$	—	$	276,980
Long-term debt	786,602		—		827,500		—		827,500
Subordinated debentures/notes	45,000		—		42,995		—		42,995
Accrued interest payable – deposits	1,125		14		1,111		—		1,125
Accrued interest payable – debt/borrowings	1,426		3		1,423		—		1,426
Derivative financial instruments:
Fair value swap	$	226	$	—	$	—	$	226	$	226

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Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) (Notes)

9 Months Ended

Sep. 30, 2015

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Income (Loss)

Other comprehensive income (loss) components, net of tax, are shown in the following table for the three-month and nine-month periods ended September 30, 2015 and 2014:

Three months ended September 30, (in thousands)		Changes in pension plan assets and benefit obligations			Unrealized gains and losses on available for sale securities			Total
Beginning balance at June 30, 2015		$	(14,865	)	$	885		$	(13,980	)
	Other comprehensive income before reclassifications	—			6,551			6,551
	Amounts reclassified from accumulated other comprehensive income	—			—			—
Net current period other comprehensive income		—			6,551			6,551
Ending balance at September 30, 2015		$	(14,865	)	$	7,436		$	(7,429	)
Beginning balance at June 30, 2014		$	(5,598	)	$	(5,801	)	$	(11,399	)
	Other comprehensive loss before reclassifications	—			(2,905		)	(2,905		)
	Amounts reclassified from accumulated other comprehensive loss	—			—			—
Net current period other comprehensive loss		—			(2,905		)	(2,905		)
Ending balance at September 30, 2014		$	(5,598	)	$	(8,706	)	$	(14,304	)

Nine months ended September 30, (in thousands)		Changes in pension plan assets and benefit obligations			Unrealized gains and losses on available for sale securities			Total
Beginning balance at December 31, 2014		$	(14,865	)	$	1,257		$	(13,608	)
	Other comprehensive income before reclassifications	—			6,179			6,179
	Amounts reclassified from accumulated other comprehensive income	—			—			—
Net current period other comprehensive income		—			6,179			6,179
Ending balance at September 30, 2015		$	(14,865	)	$	7,436		$	(7,429	)
Beginning balance at December 31, 2013		$	(5,598	)	$	(29,821	)	$	(35,419	)
	Other comprehensive income before reclassifications	—			21,128			21,128
	Amounts reclassified from accumulated other comprehensive income	—			(13		)	(13		)
Net current period other comprehensive income		—			21,115			21,115
Ending balance at September 30, 2014		$	(5,598	)	$	(8,706	)	$	(14,304	)

During the three-month and nine-month periods ended September 30, 2015, there were no reclassifications out of accumulated other comprehensive income. During the three-month period ended September 30, 2014, there were no reclassifications out of accumulated other comprehensive income. During the nine-month period ended September 30, 2014, there was $20,000 ($13,000 net of tax) reclassified out of accumulated other comprehensive income due to gains on the sale of available-for-sale securities. These gains were recorded within miscellaneous income on the consolidated condensed statements of income.

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Fair Value (Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis) (Details) - Level 3 [Member] - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	$ 744	$ 747	$ 776	$ 759
Included in earnings - realized	0	0	0	0
Included in other comprehensive income	13	14	(19)	2
Periodic, sales, issuances and settlements, other	0	0	0	0
Periodic settlement of fair value swap	0	0	0	0
Balance, ending	757	761	757	761
Fair Value Swap [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	(226)	(135)	(226)	(135)
Included in earnings - unrealized	0	0	0	0
Included in other comprehensive income	0	0	0	0
Purchases, sales, issuances and settlements, other	0	0	0	0
Periodic settlement of fair value swap	0	(91)	0	(91)
Balance, End of Period	$ (226)	$ (226)	$ (226)	$ (226)

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Consolidated Condensed Statements Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock At Cost [Member]	Accumulated Other Comprehensive Income (loss) [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	$ (1,924)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance		$ 0	$ 302,651	$ 458,719	$ (76,128)	$ (35,419)
Balance at Dec. 31, 2013		0	302,651	460,643	(76,128)	(35,419)
Net Income	59,656			59,656
Other comprehensive income, net of tax:
Unrealized net holding (loss) gain on securities available-for-sale, net of income taxes	21,115					21,115
Dividends on common shares at $2.82 per share				(43,462)
Cash payment for fractional shares in dividend reinvestment plan			(3)
Allocated Share-based Compensation Expense	355		355
Treasury Stock, Value, Acquired, Cost Method					(1,485)
Balance at Sep. 30, 2014		0	303,003	474,913	(77,613)	(14,304)
Balance at Dec. 31, 2013		0	302,651	460,643	(76,128)	(35,419)
Balance at Dec. 31, 2014	696,541	0	303,104	486,541	(77,439)	(13,608)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	(2,057)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance		0	303,104	484,484	(77,439)	(13,608)
Net Income	60,123			60,123
Other comprehensive income, net of tax:
Unrealized net holding (loss) gain on securities available-for-sale, net of income taxes	6,179					6,179
Dividends on common shares at $2.82 per share				(43,462)
Cash payment for fractional shares in dividend reinvestment plan			(3)
Allocated Share-based Compensation Expense	704		704
Treasury Stock, Value, Acquired, Cost Method					(4,279)
Balance at Sep. 30, 2015	$ 715,803	$ 0	$ 303,805	$ 501,145	$ (81,718)	$ (7,429)

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Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities available-for-sale, amortized cost	$ 1,282,022	$ 1,299,980
Securities held-to-maturity, fair value	$ 119,585	$ 143,490
Preferred Stock, Shares Authorized	200,000	200,000
Preferred Stock, Shares Issued	0	0
Common stock no par value	$ 0	$ 0
Common stock shares authorized	20,000,000	20,000,000
Common stock shares issued	16,150,859	16,150,888
Treasury stock shares	810,189	758,489

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Mortgage Loans Held For Sale Mortgage Loans Held for Sale (Notes)

9 Months Ended

Sep. 30, 2015

Mortgage Loans Held for Sale [Line Items]

Mortgage Loans Held For Sale Disclosure [Text Block]

Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At September 30, 2015 and December 31, 2014, respectively, Park had approximately $11.4 million and $5.3 million in mortgage loans held for sale. These amounts are included in loans on the consolidated condensed balance sheets and in residential real estate loan segments in Note 3 and Note 4. The contractual balance was $11.2 million and $5.2 million at September 30, 2015 and December 31, 2014, respectively. The gain expected upon sale was $172,000 and $80,000 at September 30, 2015 and December 31, 2014, respectively. None of these loans were 90 days or more past due or on nonaccrual status as of September 30, 2015 or December 31, 2014.

During the nine-month period ended September 30, 2015, Park transferred to held for sale and sold certain commercial loans previously held for investment, with a book balance of $144,000, and recognized a gain of $756,000. There were no commercial loans held for sale or sold during the three months ended September 30, 2015. There were $22.0 million of commercial loans held for sale at September 30, 2014. They were subsequently sold in the fourth quarter of 2014 for a net gain on sale of $1.9 million.

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Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 26, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Registrant Name	PARK NATIONAL CORP /OH/
Entity Central Index Key	0000805676
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		15,350,817

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Investment Securities

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

The amortized cost and fair value of investment securities are shown in the following tables. Management performs a quarterly evaluation of investment securities for any other-than-temporary impairment. For the three-month and nine-month periods ended September 30, 2015 and 2014, there were no investment securities deemed to be other-than-temporarily impaired.

Investment securities at September 30, 2015, were as follows:

Securities Available-for-Sale (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated  Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	546,888	$	260	$	2,097	$	545,051
U.S. Government sponsored entities' asset-backed securities	734,014		13,766		2,000		745,780
Other equity securities	1,120		1,513		—		2,633
Total	$	1,282,022	$	15,539	$	4,097	$	1,293,464

Securities Held-to-Maturity (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated Fair Value
U.S. Government sponsored entities' asset-backed securities	$	111,415	$	2,110	$	82	$	113,443
Obligations of states and political subdivisions	$	6,094	$	48	$	—	$	6,142
Total	$	117,509	$	2,158	$	82	$	119,585

 Securities with unrealized losses at September 30, 2015, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Securities Available-for-Sale
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	179,452	$	548	$	215,339	$	1,549	$	394,791	$	2,097
U.S. Government sponsored entities' asset-backed securities	$	—	$	—	$	121,059	$	2,000	$	121,059	$	2,000
Total	$	179,452	$	548	$	336,398	$	3,549	$	515,850	$	4,097
Securities Held-to-Maturity
U.S. Government sponsored entities' asset-backed securities	$	—	$	—	$	7,899	$	82	$	7,899	$	82

Investment securities at December 31, 2014, were as follows:

Securities Available-for-Sale (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated  Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	546,886	$	11	$	8,833	$	538,064
U.S. Government sponsored entities' asset-backed securities	751,974		13,421		4,242		761,153
Other equity securities	1,120		1,578		—		2,698
Total	$	1,299,980	$	15,010	$	13,075	$	1,301,915

Securities Held-to-Maturity (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Estimated Fair Value
U.S. Government sponsored entities' asset-backed securities	$	140,562	$	3,088	$	160	$	143,490

Securities with unrealized losses at December 31, 2014, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Securities Available-for-Sale
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	119,913	$	87	$	388,140	$	8,746	$	508,053	$	8,833
U.S. Government sponsored entities' asset-backed securities	73,276		136		170,430		4,106		243,706		4,242
Total	$	193,189	$	223	$	558,570	$	12,852	$	751,759	$	13,075
Securities Held-to-Maturity
U.S. Government sponsored entities' asset-backed securities	$	8,032	$	148	$	2,714	$	12	$	10,746	$	160

Management does not believe any of the unrealized losses at September 30, 2015 or December 31, 2014 represented other-than-temporary impairment. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized within net income in the period the other-than-temporary impairment is identified.

Park’s U.S. Government sponsored entities' asset-backed securities consist of 15-year residential mortgage-backed securities and collateralized mortgage obligations.

The amortized cost and estimated fair value of investments in debt securities at September 30, 2015, are shown in the following table by contractual maturity or the expected call date, except for asset-backed securities, which are shown as a single total, due to the unpredictability of the timing of principal repayments.

Securities Available-for-Sale (In thousands)	Amortized cost		Fair value		Tax equivalent yield
U.S. Treasury and sponsored entities' obligations:
Due within one year	150,000		150,257		1.39	%
Due five through ten years	396,888		394,794		2.43	%
Total	$	546,888	$	545,051	2.14	%
U.S. Government sponsored entities' asset-backed securities:	$	734,014	$	745,780	2.31	%

Securities Held-to-Maturity (In thousands)	Amortized cost		Fair value		Tax equivalent yield
Obligations of state and political subdivisions:
Due five through ten years	$	6,094	$	6,142	5.03	%
Total	$	6,094	$	6,142	5.03	%
U.S. Government sponsored entities' asset-backed securities	$	111,415	$	113,443	3.49	%

The $545.1 million of Park’s securities shown at fair value in the above table as U.S. Treasury and sponsored entities' obligations are callable notes. These callable securities have final maturities of 2 to 7 years. Of the $545.1 million reported at September 30, 2015, $150.3 million were expected to be called. The remaining average life of the investment portfolio is estimated to be 5.2 years.

There were no sales of investment securities during the three-month and nine-month periods ended September 30, 2015 and the three-month period ended September 30, 2014. Securities with an amortized cost of $468,000 were sold at a gain of $20,000 during the nine-month period ended September 30, 2014.

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Consolidated Condensed Statements Of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Interest and fees on loans	$ 57,680	$ 57,492	$ 169,555	$ 169,249
Interest and dividends on:
Obligations of U.S. Government, its agencies and other securities	9,175	9,011	27,677	27,758
Other interest income	232	119	677	320
Total interest and dividend income	67,087	66,622	197,909	197,327
Interest on deposits:
Demand and savings deposits	614	440	1,656	1,232
Time deposits	2,508	2,136	7,672	6,547
Interest on borrowings:
Short-term borrowings	109	130	348	382
Long-term debt	6,141	7,207	18,468	21,416
Total interest expense	9,372	9,913	28,144	29,577
Net interest income	57,715	56,709	169,765	167,750
Provision for loan losses	2,404	4,501	5,648	1,016
Net interest income after provision for loan losses	55,311	52,208	164,117	166,734
Other income:
Income from fiduciary activities	4,933	4,734	15,055	14,100
Service charges on deposit accounts	3,909	4,171	10,974	11,772
Other service income	3,251	2,450	8,577	6,895
Checkcard fee income	3,643	3,431	10,659	10,137
Bank owned life insurance income	1,574	1,420	4,538	3,708
ATM Fees	648	654	1,840	1,884
OREO valuation adjustments	(718)	(935)	(1,273)	(2,026)
Gain on sale of OREO, net	243	2,149	1,429	5,458
Gain (Loss) on Sales of Loans, Net	0	0	756	0
Other	2,708	1,322	5,700	3,787
Total other income	20,191	19,396	58,255	55,715
Other expense:
Salaries and employee benefits	21,692	20,515	63,669	60,426
Employee Benefits and Share-based Compensation	6,721	5,728	17,135	17,017
Occupancy expense	2,469	2,339	7,429	7,628
Furniture and equipment expense	3,044	2,870	8,737	8,862
Data processing fees	1,383	1,281	3,847	3,516
Professional fees and services	5,424	6,934	15,701	21,385
Marketing	1,058	1,087	3,008	3,211
Insurance	1,399	1,396	4,222	4,310
Communication	1,245	1,304	3,809	3,940
Excise and Sales Taxes	779	(350)	2,709	1,550
Other Real Estate Owned Expense	323	244	1,114	1,829
Other expense	1,892	1,624	6,436	3,318
Total other expense	47,429	44,972	137,816	136,992
Income before income taxes	28,073	26,632	84,556	85,457
Income taxes	8,033	8,363	24,433	25,801
Net income	20,040	18,269	60,123	59,656
Net income available to common shareholders	$ 20,040	$ 18,269	$ 60,123	$ 59,656
Net income available to common shareholders
Basic	$ 1.30	$ 1.19	$ 3.91	$ 3.87
Diluted	$ 1.30	$ 1.19	$ 3.90	$ 3.87
Weighted average common shares outstanding
Basic	15,361,087	15,392,421	15,370,380	15,395,320
Diluted	15,401,808	15,413,664	15,411,511	15,413,625
Cash dividends declared	$ 0.94	$ 0.94	$ 2.82	$ 2.82

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Loans

9 Months Ended

Sep. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

Loans

Loans

The composition of the loan portfolio, by class of loan, as of September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015						December 31, 2014
(In thousands)	Loan balance		Accrued interest receivable		Recorded investment		Loan balance		Accrued interest receivable		Recorded investment
Commercial, financial and agricultural *	$	909,025	$	3,478	$	912,503	$	856,535	$	3,218	$	859,753
Commercial real estate *	1,091,578		4,239		1,095,817		1,069,637		3,546		1,073,183
Construction real estate:
SEPH commercial land and development	2,069		—		2,069		2,195		—		2,195
Remaining commercial	115,987		279		116,266		115,139		300		115,439
Mortgage	35,554		78		35,632		31,148		72		31,220
Installment	6,762		19		6,781		7,322		23		7,345
Residential real estate:
Commercial	412,294		883		413,177		417,612		1,038		418,650
Mortgage	1,216,221		1,840		1,218,061		1,189,709		1,548		1,191,257
HELOC	213,488		755		214,243		216,915		803		217,718
Installment	24,297		79		24,376		27,139		97		27,236
Consumer	969,586		2,949		972,535		893,160		2,967		896,127
Leases	3,051		53		3,104		3,171		17		3,188
Total loans	$	4,999,912	$	14,652	$	5,014,564	$	4,829,682	$	13,629	$	4,843,311

* Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

Loans are shown net of deferred origination fees, costs and unearned income of $10.3 million at September 30, 2015 and $9.4 million at December 31, 2014, which represented a net deferred income position in both periods.

Overdrawn deposit accounts of $1.7 million and $2.3 million have been reclassified to loans at September 30, 2015 and December 31, 2014, respectively, and are included in the commercial, financial and agricultural loan class above.

Credit Quality

The following tables present the recorded investment in nonaccrual loans, accruing troubled debt restructurings (TDRs), and loans past due 90 days or more and still accruing by class of loan as of September 30, 2015 and December 31, 2014:

	September 30, 2015
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,142	$	1,015	$	—	$	19,157
Commercial real estate	14,565		3,097		—		17,662
Construction real estate:
SEPH commercial land and development	2,045		—		—		2,045
Remaining commercial	5,746		247		—		5,993
Mortgage	28		91		—		119
Installment	126		113		—		239
Residential real estate:
Commercial	23,787		583		—		24,370
Mortgage	19,529		9,915		469		29,913
HELOC	1,685		806		17		2,508
Installment	1,845		680		4		2,529
Consumer	3,497		654		1,065		5,216
Total loans	$	90,995	$	17,201	$	1,555	$	109,751

	December 31, 2014
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,826	$	297	$	229	$	19,352
Commercial real estate	19,299		2,690		—		21,989
Construction real estate:
SEPH commercial land and development	2,078		—		—		2,078
Remaining commercial	5,558		51		—		5,609
Mortgage	59		94		9		162
Installment	115		125		—		240
Residential real estate:
Commercial	24,336		594		—		24,930
Mortgage	21,869		10,349		1,329		33,547
HELOC	1,879		630		9		2,518
Installment	1,743		779		—		2,522
Consumer	4,631		723		1,133		6,487
Total loans	$	100,393	$	16,332	$	2,709	$	119,434

The following table provides additional information regarding those nonaccrual loans and accruing TDR loans that were individually evaluated for impairment and those collectively evaluated for impairment as of September 30, 2015 and December 31, 2014.

	September 30, 2015						December 31, 2014
(In thousands)	Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	19,157	$	19,154	$	3	$	19,123	$	19,106	$	17
Commercial real estate	17,662		17,662		—		21,989		21,989		—
Construction real estate:
SEPH commercial land and development	2,045		2,045		—		2,078		2,078		—
Remaining commercial	5,993		5,993		—		5,609		5,609		—
Mortgage	119		—		119		153		—		153
Installment	239		—		239		240		—		240
Residential real estate:
Commercial	24,370		24,370		—		24,930		24,930		—
Mortgage	29,444		—		29,444		32,218		—		32,218
HELOC	2,491		—		2,491		2,509		—		2,509
Installment	2,525		—		2,525		2,522		—		2,522
Consumer	4,151		—		4,151		5,354		—		5,354
Total loans	$	108,196	$	69,224	$	38,972	$	116,725	$	73,712	$	43,013

All of the loans individually evaluated for impairment were evaluated using the fair value of the underlying collateral or the present value of expected future cash flows as the measurement method.

The following table presents loans individually evaluated for impairment by class of loan as of September 30, 2015 and December 31, 2014.

	September 30, 2015						December 31, 2014
(In thousands)	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
With no related allowance recorded:
Commercial, financial and agricultural	$	18,724	$	4,758	$	—	$	30,601	$	17,883	$	—
Commercial real estate	12,285		12,044		—		27,923		20,696		—
Construction real estate:
SEPH commercial land and development	10,835		2,045		—		11,026		2,078		—
Remaining commercial	2,242		1,263		—		1,427		391		—
Residential real estate:
Commercial	23,940		22,264		—		25,822		23,352		—
With an allowance recorded:
Commercial, financial and agricultural	18,573		14,396		2,495		1,251		1,223		981
Commercial real estate	5,618		5,618		488		1,310		1,293		262
Construction real estate:
SEPH commercial land and development	—		—		—		—		—		—
Remaining commercial	4,730		4,730		2,118		5,218		5,218		1,812
Residential real estate:
Commercial	2,225		2,106		637		1,578		1,578		605
Total	$	99,172	$	69,224	$	5,738	$	106,156	$	73,712	$	3,660

Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. At September 30, 2015 and December 31, 2014, there were $25.7 million and $32.4 million, respectively, of partial charge-offs on loans individually evaluated for impairment with no related allowance recorded and $4.3 million and $45,000, respectively, of partial charge-offs on loans individually evaluated for impairment that also had a specific reserve allocated.

The allowance for loan losses included specific reserves of $5.7 million and $3.7 million related to loans individually evaluated for impairment at September 30, 2015 and December 31, 2014, respectively. These loans with specific reserves had a recorded investment of $26.9 million and $9.3 million as of September 30, 2015 and December 31, 2014, respectively.

Interest income on loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment of the loan. The following table presents the average recorded investment and interest income recognized subsequent to impairment on loans individually evaluated for impairment as of and for the three and nine months ended September 30, 2015 and September 30, 2014:

	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,793	$	35	$	23,186	$	18,764	$	68
Commercial real estate	17,662		17,453		132		21,303		30,644		327
Construction real estate:
SEPH commercial land and development	2,045		2,068		—		2,097		3,653		12
Remaining commercial	5,993		6,059		2		5,970		8,561		2
Residential real estate:
Commercial	24,370		24,560		240		23,640		27,765		255
Consumer	—		—		—		35		68		—
Total	$	69,224	$	69,933	$	409	$	76,231	$	89,455	$	664

	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,056	$	306	$	23,186	$	19,362	$	204
Commercial real estate	17,662		17,857		418		21,303		35,458		862
Construction real estate:
SEPH commercial land and development	2,045		2,073		8		2,097		4,130		134
Remaining commercial	5,993		5,771		13		5,970		9,587		56
Residential real estate:
Commercial	24,370		24,784		768		23,640		29,632		825
Consumer	—		—		—		35		521		—
Total	$	69,224	$	69,541	$	1,513	$	76,231	$	98,690	$	2,081

The following tables present the aging of the recorded investment in past due loans as of September 30, 2015 and December 31, 2014 by class of loan.

	September 30, 2015
(In thousands)	Accruing loans past due 30-89 days		Past due  nonaccrual loans and loans past due 90 days or more and  accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	213	$	3,619	$	3,832	$	908,671	$	912,503
Commercial real estate	917		796		1,713		1,094,104		1,095,817
Construction real estate:
SEPH commercial land and development	—		2,043		2,043		26		2,069
Remaining commercial	40		84		124		116,142		116,266
Mortgage	77		8		85		35,547		35,632
Installment	81		78		159		6,622		6,781
Residential real estate:
Commercial	257		18,292		18,549		394,628		413,177
Mortgage	10,064		9,295		19,359		1,198,702		1,218,061
HELOC	796		153		949		213,294		214,243
Installment	240		535		775		23,601		24,376
Consumer	9,716		3,109		12,825		959,710		972,535
Leases	—		—		—		3,104		3,104
Total loans	$	22,401	$	38,012	$	60,413	$	4,954,151	$	5,014,564

* Includes $1.6 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

	December 31, 2014
(in thousands)	Accruing loans past due 30-89 days		Past due nonaccrual  loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	6,482	$	7,508	$	13,990	$	845,763	$	859,753
Commercial real estate	808		8,288		9,096		1,064,087		1,073,183
Construction real estate:
SEPH commercial land and development	—		2,068		2,068		127		2,195
Remaining commercial	166		77		243		115,196		115,439
Mortgage	39		68		107		31,113		31,220
Installment	21		25		46		7,299		7,345
Residential real estate:
Commercial	250		19,592		19,842		398,808		418,650
Mortgage	11,146		10,637		21,783		1,169,474		1,191,257
HELOC	262		387		649		217,069		217,718
Installment	596		464		1,060		26,176		27,236
Consumer	11,304		3,818		15,122		881,005		896,127
Leases	—		—		—		3,188		3,188
Total loans	$	31,074	$	52,932	$	84,006	$	4,759,305	$	4,843,311

* Includes $2.7 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

Credit Quality Indicators

Management utilizes past due information as a credit quality indicator across the loan portfolio. Past due information as of September 30, 2015 and December 31, 2014 is included in the tables above. The past due information is the primary credit quality indicator within the following classes of loans: (1) mortgage loans and installment loans in the construction real estate segment; (2) mortgage loans, HELOC and installment loans in the residential real estate segment; and (3) consumer loans. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans on a scale from 1 to 8. Credit grades are continuously monitored by the responsible loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded an 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher loan loss reserve percentage is allocated to these loans. Loans classified as special mention have potential weaknesses that require management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of Park’s credit position at some future date. Commercial loans graded 6 (substandard), also considered to be watch list credits, are considered to represent higher credit risk and, as a result, a higher loan loss reserve percentage is allocated to these loans. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or the value of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Park will sustain some loss if the deficiencies are not corrected. Commercial loans that are graded a 7 (doubtful) are shown as nonaccrual and Park generally charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Certain 6-rated loans and all 7-rated loans are included within the impaired category. A loan is deemed impaired when management determines the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged off.

The tables below present the recorded investment by loan grade at September 30, 2015 and December 31, 2014 for all commercial loans:

	September 30, 2015
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	8,734	$	1,674	$	19,157	$	882,938	$	912,503
Commercial real estate *	14,676		5,317		17,662		1,058,162		1,095,817
Construction real estate:
SEPH commercial land and development	—		—		2,045		24		2,069
Remaining commercial	2,881		—		5,993		107,392		116,266
Residential real estate:
Commercial	2,490		2,035		24,370		384,282		413,177
Leases	—		—		—		3,104		3,104
Total commercial loans	$	28,781	$	9,026	$	69,227	$	2,435,902	$	2,542,936

 * Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

	December 31, 2014
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	1,874	$	1,201	$	19,123	$	837,555	$	859,753
Commercial real estate *	8,448		1,712		21,989		1,041,034		1,073,183
Construction real estate:
SEPH commercial land and development	—		—		2,078		117		2,195
Remaining commercial	3,349		57		5,609		106,424		115,439
Residential real estate:
Commercial	2,581		598		24,930		390,541		418,650
Leases	—		—		—		3,188		3,188
Total Commercial Loans	$	16,252	$	3,568	$	73,729	$	2,378,859	$	2,472,408

* Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

Troubled Debt Restructurings ("TDRs")

Management classifies loans as TDRs when a borrower is experiencing financial difficulties and Park has granted a concession to the borrower as part of a modification or in the loan renewal process. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of the borrower's debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. Management’s policy is to modify loans by extending the term or by granting a temporary or permanent contractual interest rate below the market rate, not by forgiving debt. Certain loans which were modified during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014 did not meet the definition of a TDR as the modification was a delay in a payment that was considered to be insignificant. Management considers a forbearance period of up to three months or a delay in payment of up to 30 days to be insignificant. TDRs may be classified as accruing if the borrower has been current for a period of at least six months with respect to loan payments and management expects that the borrower will be able to continue to make payments in accordance with the terms of the restructured note. Management reviews all accruing TDRs quarterly to ensure payments continue to be made in accordance with the modified terms.

Management reviews renewals/modifications of loans previously identified as TDRs to consider if it is appropriate to remove the TDR classification. If the borrower is no longer experiencing financial difficulty and the renewal/modification does not contain a concessionary interest rate or other concessionary terms, management considers the potential removal of the TDR classification. If deemed appropriate, the TDR classification is removed as the borrower has complied with the terms of the loan at the date of the renewal/modification and there was a reasonable expectation that the borrower would continue to comply with the terms of the loan subsequent to the date of the renewal/modification. The majority of these TDRs were originally considered restructurings in a prior year as a result of a renewal/modification with an interest rate that was not commensurate with the risk of the underlying loan at the time of the renewal/modification. The TDR classification was not removed on any loans during the three-month and nine-month periods ended September 30, 2015. During the three-month and nine-month periods ended September 30, 2014, Park removed the TDR classification on $0.9 million and $2.5 million of loans that met the requirements discussed above.

At September 30, 2015 and December 31, 2014, there were $41.9 million and $47.5 million, respectively, of TDRs included in the nonaccrual loan totals. At September 30, 2015 and December 31, 2014, $19.0 million and $15.7 million of these nonaccrual TDRs were performing in accordance with the terms of the restructured note. As of September 30, 2015 and December 31, 2014, there were $17.2 million and $16.3 million, respectively, of TDRs included in accruing loan totals. Management will continue to review the restructured loans and may determine it appropriate to move certain of the loans back to accrual status in the future.

At September 30, 2015 and December 31, 2014, Park had commitments to lend $3.3 million and $1.4 million, respectively, of additional funds to borrowers whose outstanding loan terms had been modified in a TDR.

The specific reserve related to TDRs at September 30, 2015 and December 31, 2014 was $3.3 million and $2.4 million, respectively. Modifications made in 2014 and 2015 were largely the result of renewals and extending the maturity date of the loan at terms consistent with the original note. These modifications were deemed to be TDRs primarily due to Park’s conclusion that the borrower would likely not have qualified for similar terms through another lender. Many of the modifications deemed to be TDRs were previously identified as impaired loans, and thus were also previously evaluated for impairment under Accounting Standards Codification (ASC) 310.  Additional specific reserves of $212,000 and $1.2 million were recorded during the three-month and nine-month periods ended September 30, 2015, respectively, as a result of TDRs identified in 2015. Additional specific reserves of $258,000 and $537,000 were recoded during the three-month and nine-month periods ended September 30, 2014, respectively, as a result of TDRs identified in 2014.

The terms of certain other loans were modified during the nine-month periods ended September 30, 2015 and September 30, 2014 that did not meet the definition of a TDR. Modified substandard commercial loans which did not meet the definition of a TDR had a total recorded investment as of September 30, 2015 and September 30, 2014 of $245,000 and $443,000, respectively. The renewal/modification of these loans: (1) involved a renewal/modification of the terms of a loan to a borrower who was not experiencing financial difficulties, (2) resulted in a delay in a payment that was considered to be insignificant, or (3) resulted in Park obtaining additional collateral or guarantees that improved the likelihood of the ultimate collection of the loan such that the modification was deemed to be at market terms.  Modified consumer loans which did not meet the definition of a TDR had a total recorded investment of $12.8 million and $17.6 million, as of September 30, 2015 and September 30, 2014, respectively. Many of these loans were to borrowers who were not experiencing financial difficulties but who were looking to reduce their cost of funds.

The following tables detail the number of contracts modified as TDRs during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, as well as the recorded investment of these contracts at September 30, 2015 and September 30, 2014. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically provide for forgiveness of principal.

	Three Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	8	$	245	$	3,818	$	4,063
Commercial real estate	5	—		1,512		1,512
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	1	200		—		200
Mortgage	9	—		748		748
HELOC	5	16		31		47
Installment	1	—		4		4
Consumer	61	51		412		463
Total loans	91	$	708	$	6,525	$	7,233

	Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	14	$	776	$	1,025	$	1,801
Commercial real estate	2	—		622		622
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	2	—		312		312
Mortgage	11	508		356		864
HELOC	2	—		29		29
Installment	3	133		9		142
Consumer	87	415		344		759
Total loans	121	$	1,832	$	2,697	$	4,529

Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2015, $160,000 were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2014, $205,000 were on nonaccrual status as of December 31, 2013.

	Nine Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	33	$	1,014	$	5,168	$	6,182
Commercial real estate	11	—		2,525		2,525
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	1	—		20		20
Installment	—	—		—		—
Residential real estate:
Commercial	10	200		1,144		1,344
Mortgage	24	325		1,199		1,524
HELOC	21	242		105		347
Installment	4	—		36		36
Consumer	217	71		748		819
Total loans	322	$	2,048	$	10,945	$	12,993

	Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	24	$	776	$	1,065	$	1,841
Commercial real estate	8	—		905		905
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	2	—		207		207
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	4	—		333		333
Mortgage	31	749		1,104		1,853
HELOC	7	93		195		288
Installment	9	228		12		240
Consumer	246	726		460		1,186
Total loans	331	$	2,572	$	4,281	$	6,853

Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2015, $1.0 million were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2014, $1.0 million were on nonaccrual status as of December 31, 2013.

The following tables present the recorded investment in financing receivables which were modified as TDRs within the previous 12 months and for which there was a payment default during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, respectively. For these tables, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.

	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	3	$	62
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		18	1,205
HELOC	—	—		1	166
Installment	1	28		2	115
Consumer	50	310		54	486
Leases	—	—		—	—
Total loans	72	$	2,664	80	$	2,228

Of the $2.7 million in modified TDRs which defaulted during the three months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.2 million in modified TDRs which defaulted during the three months ended September 30, 2014, $160,000 were accruing loans and $2.1 million were nonaccrual loans.

	Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	4	$	111
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		21	1,354
HELOC	—	—		1	166
Installment	1	28		3	118
Consumer	55	356		65	564
Leases	—	—		—	—
Total loans	77	$	2,710	96	$	2,507

Of the $2.7 million in modified TDRs which defaulted during the nine months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.5 million in modified TDRs which defaulted during the nine months ended September 30, 2014, $261,000 were accruing loans and $2.2 million were nonaccrual loans.

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Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

ASU 2014-01- Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force): In January 2014, the Financial Accounting Standards Board (the "FASB") issued ASU 2014-01, Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). The ASU permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense. Additionally, a reporting entity should disclose information that enables users of its financial statements to understand the nature of its investments in qualified affordable housing projects, and the effect of the measurement of its investments in qualified affordable housing projects and the related tax credits on its financial position and results of operations. The new guidance became effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. Park adopted this guidance in the first quarter of 2015. The guidance was applied retrospectively to all prior periods presented. The adoption resulted in adjustments to reduce beginning retained earnings, other assets and the prior periods consolidated condensed statements of income. See Note 16 - Investment in Qualified Affordable Housing for further details.

ASU 2014-04 - Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force): In January 2014, FASB issued ASU 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The ASU clarifies when an in substance repossession or foreclosure occurs and a creditor is considered to have received physical possession of real estate property collateralizing a consumer mortgage loan. Specifically, the new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. Additional disclosures are required detailing the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgages collateralized by real estate property that are in the process of foreclosure. The new guidance is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance as of January 1, 2015 did not have a material impact on Park's consolidated financial statements, but resulted in additional disclosures. See Note 5 - Other Real Estate Owned ("OREO").

ASU 2014-09 - Revenue from Contracts with Customers (Topic 606): In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. Management is currently evaluating the impact of the adoption of this guidance on Park's consolidated financial statements.

ASU 2014-11 - Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures: In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The amendments in this ASU change the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The amendments also require two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The accounting changes are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The disclosure for certain transactions accounted for as a sale is required to be presented for interim and annual periods beginning after December 15, 2014, with all other disclosure requirements required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The adoption of this guidance as of January 1, 2015 did not have an impact on Park's consolidated financial statements, but resulted in additional disclosures. See Note 17 - Repurchase Agreement Borrowings.

ASU 2015-02 - Consolidation (Topic 810): Amendments to the Consolidation Analysis: In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. The ASU amends the current consolidation guidance and affects both the variable interest entity and voting interest entity consolidation models. The new guidance is effective for annual reporting periods and interim reporting periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. Management is currently evaluating the impact of the adoption of this guidance on Park’s consolidated financial statements.

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Fair Value

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value

Fair Value

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows:

• Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date.

• Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of “matrix pricing” to value debt securities absent the exclusive use of quoted prices.

• Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of impaired loans is typically based on the fair value of the underlying collateral, which is estimated through third-party appraisals in accordance with Park's valuation requirements per its commercial and real estate loan policies.

Assets and Liabilities Measured at Fair Value on a Recurring Basis:

The following table presents assets and liabilities measured at fair value on a recurring basis:

Fair Value Measurements at September 30, 2015 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2015
Assets
Investment securities:
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	—	$	545,051	$	—	$	545,051
U.S. Government sponsored entities’ asset-backed securities	—		745,780		—		745,780
Equity securities	1,876		—		757		2,633
Mortgage loans held for sale	—		11,403		—		11,403
Mortgage IRLCs	—		195		—		195
Liabilities
Fair value swap	$	—	$	—	$	226	$	226

Fair Value Measurements at December 31, 2014 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2014
Assets
Investment securities:
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	—	$	538,064	$	—	$	538,064
U.S. Government sponsored entities’ asset-backed securities	—		761,153		—		761,153
Equity securities	1,922		—		776		2,698
Mortgage loans held for sale	—		5,264		—		5,264
Mortgage IRLCs	—		70		—		70
Liabilities
Fair value swap	$	—	$	—	$	226	$	226

There were no transfers between Level 1 and Level 2 during the nine months ended September 30, 2015 or 2014. Management’s policy is to transfer assets or liabilities from one level to another when the methodology to obtain the fair value changes such that there are more or fewer unobservable inputs as of the end of the reporting period.

The following methods and assumptions were used by the Company in determining fair value of the financial assets and liabilities discussed above:

Investment securities: Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows.

Fair value swap: The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses.

Mortgage Interest Rate Lock Commitments (IRLCs): IRLCs are based on current secondary market pricing and are classified as Level 2.

Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using security prices for similar product types and, therefore, are classified in Level 2.

The table below is a reconciliation of the beginning and ending balances of the Level 3 inputs for the three and nine months ended September 30, 2015 and 2014, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements

Three months ended September 30, 2015 and 2014

(In thousands)	Equity Securities		Fair value swap
Balance, at July 1, 2015	$	744	$	(226	)
Total gains/(losses)
Included in earnings – realized	—		—
Included in earnings – unrealized	—		—
Included in other comprehensive income (loss)	13		—
Purchases, sales, issuances and settlements, other	—		—
Re-evaluation of fair value swap, recorded in other expense	—		—
Balance at September 30, 2015	$	757	$	(226	)
Balance, at July 1, 2014	$	747	$	(135	)
Total gains/(losses)
Included in earnings – realized	—		—
Included in earnings – unrealized	—		—
Included in other comprehensive income (loss)	14		—
Purchases, sales, issuances and settlements, other	—		—
Re-evaluation of fair value swap	—		(91		)
Balance at September 30, 2014	$	761	$	(226	)

Level 3 Fair Value Measurements

Nine months ended September 30, 2015 and 2014

(In thousands)	Equity Securities			Fair value swap
Balance, at January 1, 2015	$	776		$	(226	)
Total gains/(losses)
Included in earnings – realized	—			—
Included in earnings – unrealized	—			—
Included in other comprehensive income (loss)	(19		)	—
Purchases, sales, issuances and settlements, other	—			—
Re-evaluation of fair value swap, recorded in other expense	—			—
Balance at September 30, 2015	$	757		$	(226	)
Balance, at January 1, 2014	$	759		$	(135	)
Total gains/(losses)
Included in earnings – realized	—			—
Included in earnings – unrealized	—			—
Included in other comprehensive income (loss)	2			—
Purchases, sales, issuances and settlements, other	—			—
Re-evaluation of fair value swap	—			(91		)
Balance at September 30, 2014	$	761		$	(226	)

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis:

The following methods and assumptions were used by the Company in determining the fair value of assets and liabilities measured at fair value on a nonrecurring basis described below:

Impaired Loans: At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value have been partially charged-off or receive specific allocations of the allowance for loan losses. For collateral dependent loans, fair value is generally based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Additionally, updated independent valuations are obtained annually for all impaired loans in accordance with Company policy.

Other Real Estate Owned (OREO): Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Fair value is based on recent real estate appraisals and is updated at least annually. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value.

Appraisals for both collateral dependent impaired loans and OREO are performed by licensed appraisers. Appraisals are generally obtained to support the fair value of collateral. In general, there are three types of appraisals, real estate appraisals, income approach appraisals, and lot development loan appraisals, received by the Company. These are discussed below:

• Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales prices of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 15% discount to real estate appraised values which management expects will cover all disposition costs (including selling costs). This 15% discount is based on historical discounts to appraised values on sold OREO properties.

• Income approach appraisals typically incorporate the annual net operating income of the business divided by an appropriate capitalization rate, as determined by the appraiser. Management generally applies a 15% discount to income approach appraised values which management expects will cover all disposition costs (including selling costs).

• Lot development loan appraisals are typically performed using a discounted cash flow analysis. Appraisers determine an anticipated absorption period and a discount rate that takes into account an investor’s required rate of return based on recent comparable sales. Management generally applies a 6% discount to lot development appraised values, which is an additional discount above the net present value calculation included in the appraisal, to account for selling costs.

MSRs: MSRs are carried at the lower of cost or fair value. MSRs do not trade in active, open markets with readily observable prices. For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available. As such, management, with the assistance of a third-party specialist, determines fair value based on the discounted value of the future cash flows estimated to be received. Significant inputs include the discount rate and assumed prepayment speeds. The calculated fair value is then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified as Level 2.

The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Collateral dependent impaired loans are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken to the property's value subsequent to the initial measurement.

Fair Value Measurements at September 30, 2015 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2015
Impaired loans recorded at fair value:
Commercial real estate	$	—	$	—	$	5,785	$	5,785
Construction real estate:
SEPH commercial land and development	—		—		2,045		2,045
Remaining commercial	—		—		2,696		2,696
Residential real estate	—		—		2,073		2,073
Total impaired loans recorded at fair value	$	—	$	—	$	12,599	$	12,599
Mortgage servicing rights	$	—	$	3,023	$	—	$	3,023
OREO:
Commercial real estate	—		—		2,804		2,804
Construction real estate	—		—		4,354		4,354
Residential real estate	—		—		1,757		1,757
Total OREO	$	—	$	—	$	8,915	$	8,915

Fair Value Measurements at December 31, 2014 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2014
Impaired loans recorded at fair value:
Commercial real estate	$	—	$	—	$	8,481	$	8,481
Construction real estate:
SEPH commercial land and development	—		—		2,078		2,078
Remaining commercial	—		—		3,483		3,483
Residential real estate	—		—		2,921		2,921
Total impaired loans recorded at fair value	$	—	$	—	$	16,963	$	16,963
Mortgage servicing rights	$	—	$	2,928	$	—	$	2,928
OREO:
Commercial real estate	—		—		1,470		1,470
Construction real estate	—		—		6,473		6,473
Residential real estate	—		—		2,369		2,369
Total OREO	$	—	$	—	$	10,312	$	10,312

The table below provides additional detail on those impaired loans which are recorded at fair value as well as the remaining impaired loan portfolio not included above. The remaining impaired loans consist of loans which are not collateral dependent as well as loans carried at cost as the fair value of the underlying collateral or the present value of expected future cash flows on each of the loans exceeded the book value for each respective credit.

	September 30, 2015
(In thousands)	Recorded Investment		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Impaired loans recorded at fair value	$	15,841	$	11,837	$	3,242	$	12,599
Remaining impaired loans	53,383		18,147		2,496		50,887
Total impaired loans	$	69,224	$	29,984	$	5,738	$	63,486

	December 31, 2014
(In thousands)	Recorded Investment		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Impaired loans recorded at fair value	$	19,643	$	19,731	$	2,680	$	16,963
Remaining impaired loans	54,069		12,749		980		53,089
Total impaired loans	$	73,712	$	32,480	$	3,660	$	70,052

The income from credit adjustments related to impaired loans carried at fair value during the three months ended September 30, 2015 and 2014 was $0.1 million and $0.2 million, respectively. The expense of credit adjustments related to impaired loans carried at fair value during the nine months ended September 30, 2015 and 2014 was $1.8 million and $2.3 million, respectively.

MSRs totaled $8.8 million at September 30, 2015. Of this $8.8 million MSR carrying balance, $3.0 million was recorded at fair value and included a valuation allowance of $0.6 million. The remaining $5.8 million was recorded at cost, as the fair value of the MSRs exceeded cost at September 30, 2015. At December 31, 2014, MSRs totaled $8.6 million. Of this $8.6 million MSR carrying balance, $2.9 million was recorded at fair value and included a valuation allowance of $0.8 million. The remaining $5.7 million was recorded at cost, as the fair value exceeded cost at December 31, 2014. The income related to MSRs carried at fair value during the three-month periods ended September 30, 2015 and 2014 was $211,000 and $116,000, respectively. The income related to MSRs carried at fair value during the nine-month periods ended September 30, 2015 and 2014 was $182,000 and $155,000, respectively.

Total OREO held by Park at September 30, 2015 and December 31, 2014 was $20.1 million and $22.6 million, respectively. Approximately 44% of OREO held by Park at September 30, 2015 and 46% at December 31, 2014 was carried at fair value due to fair value adjustments made subsequent to the initial OREO measurement. At September 30, 2015 and December 31, 2014, OREO held at fair value, less estimated selling costs, amounted to $8.9 million and $10.3 million, respectively. The net expense related to OREO fair value adjustments was $0.7 million and $0.9 million for the three-month periods ended September 30, 2015 and 2014, respectively, and $1.3 million and $2.0 million for the nine-month periods ended September 30, 2015 and 2014, respectively.

The following tables present qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2015 and December 31, 2014:

September 30, 2015
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Impaired loans:
Commercial real estate	$	5,785	Sales comparison approach	Adj to comparables	0.0% - 68.0% (25.8%)
			Bulk sale approach	Discount rate	8.0% (8.0%)
			Income approach	Capitalization rate	8.0% - 13.3% (10.2%)
			Cost approach	Accumulated depreciation	23.0% - 50.0% (42.1%)
Construction real estate:
SEPH commercial land and development	$	2,045	Sales comparison approach	Adj to comparables	5.0% - 40.0% (22.1%)
			Bulk sale approach	Discount rate	10.7% (10.7%)
Remaining commercial	$	2,696	Sales comparison approach	Adj to comparables	0.0% - 67.0% (13.1%)
			Bulk sale approach	Discount rate	10.0% - 20.0% (13.7%)
Residential real estate	$	2,073	Sales comparison approach	Adj to comparables	0.0% - 61.8% (13.6%)
			Income approach	Capitalization rate	3.8% - 10.1% (9.1%)
			Cost approach	Accumulated depreciation	33.3% - 50.0% (42.5%)
Other real estate owned:
Commercial real estate	$	2,804	Sales comparison approach	Adj to comparables	5.0% - 71.0% (27.1%)
			Income approach	Capitalization rate	9.5% (9.5%)
Construction real estate	$	4,354	Sales comparison approach	Adj to comparables	0.0% - 54.7% (21.2%)
			Income approach	Capitalization rate	15.0% (15.0%)
Residential real estate	$	1,757	Sales comparison approach	Adj to comparables	0.0% - 45.6% (11.8%)

Balance at December 31, 2014
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Impaired loans:
Commercial real estate	$	8,481	Sales comparison approach	Adj to comparables	0.0% - 84.0% (38.8%)
			Income approach	Capitalization rate	8.0% - 9.5% (9.4%)
			Cost approach	Accumulated depreciation	23.0% (23.0%)
Construction real estate:
SEPH commercial land and development	$	2,078	Sales comparison approach	Adj to comparables	5.0% - 35.0% (17.5%)
			Bulk sale approach	Discount rate	10.8% (10.8%)
Remaining commercial	$	3,483	Sales comparison approach	Adj to comparables	0.2% - 76.0% (45.4%)
			Bulk sale approach	Discount rate	10.0% - 22.0% (16.5%)
Residential real estate	$	2,921	Sales comparison approach	Adj to comparables	0.0% - 120.6% (11.1%)
			Income approach	Capitalization rate	7.9% - 10.0% (8.0%)
Other real estate owned:
Commercial real estate	$	1,470	Sales comparison approach	Adj to comparables	0.0% - 87.0% (30.5%)
			Income approach	Capitalization rate	8.4% - 10.0% (9.4%)
			Cost approach	Accumulated depreciation	60.0% - 95.0% (77.5%)
Construction real estate	$	6,473	Sales comparison approach	Adj to comparables	0.0% - 82.9% (27.1%)
			Bulk sale approach	Discount rate	15.0% (15.0%)
Residential real estate	$	2,369	Sales comparison approach	Adj to comparables	0.0% - 38.3% (10.1%)
			Income approach	Capitalization rate	6.8% - 7.8% (7.6%)

The following methods and assumptions were used by Park in estimating its fair value disclosures for assets and liabilities not discussed above:

Cash and cash equivalents:The carrying amounts reported in the consolidated condensed balancesheets for cash and short-term instruments approximate those assets’ fair values.

FHLB Stock and FRB Stock: These assets are carried at their respective redemption values as it is not practicable to calculate their fair values.

Loans receivable:For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for certain mortgage loans (e.g., one-to-four family residential) are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. The fair values for other loans are estimated using discounted cash flow analyses, based upon interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. The methods utilized to estimate the fair value do not necessarily represent an exit price.

Off-balance sheet instruments:Fair values for Park’s loan commitments and standby letters of credit are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The carrying amount and fair value are not material.

Deposit liabilities:The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts for variable-rate, fixed-term certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities of time deposits.

Short-term borrowings:The carrying amounts of federal funds purchased, borrowings under repurchase agreements and other short-term borrowings approximate their fair values.

Long-term debt:Fair values for long-term debt are estimated using a discounted cash flow calculation that applies interest rates currently being offered on long-term debt to a schedule of monthly maturities.

Subordinated debentures and notes:Fair values for subordinated debentures and notes are estimated using a discounted cash flow calculation that applies interest rate spreads currently being offered on similar debt structures to a schedule of monthly maturities.

The fair value of financial instruments at September 30, 2015 and December 31, 2014, was as follows:

	September 30, 2015
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	382,255	$	382,255	$	—	$	—	$	382,255
Investment securities	1,410,973		1,876		1,410,416		757		1,413,049
Federal Home Loan Bank stock	50,086		N/A		N/A		N/A		N/A
Federal Reserve Bank stock	8,225		N/A		N/A		N/A		N/A
Accrued interest receivable - securities	4,324		—		4,324		—		4,324
Accrued interest receivable - loans	14,652		—		—		14,652		14,652
Loans held for sale	11,403		—		11,403		—		11,403
Mortgage IRLCs	195		—		195		—		195
Impaired loans carried at fair value	12,599		—		—		12,599		12,599
Other loans, net	4,917,232		—		—		4,916,210		4,916,210
Loans receivable, net	$	4,941,429	$	—	$	11,598	$	4,928,809	$	4,940,407
Financial liabilities:
Noninterest bearing checking accounts	$	1,288,750	$	1,288,750	$	—	$	—	$	1,288,750
Interest bearing transactions accounts	1,212,244		1,212,244		—		—		1,212,244
Savings accounts	1,623,832		1,623,832		—		—		1,623,832
Time deposits	1,324,831		—		1,330,003		—		1,330,003
Other	5,325		5,325		—		—		5,325
Total deposits	$	5,454,982	$	4,130,151	$	1,330,003	$	—	$	5,460,154
Short-term borrowings	$	278,324	$	—	$	278,324	$	—	$	278,324
Long-term debt	736,580		—		778,621		—		778,621
Subordinated debentures/notes	45,000		—		42,847		—		42,847
Accrued interest payable – deposits	1,143		63		1,080		—		1,143
Accrued interest payable – debt/borrowings	1,327		12		1,315		—		1,327
Derivative financial instruments:
Fair value swap	$	226	$	—	$	—	$	226	$	226

	December 31, 2014
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	237,699	$	237,699	$	—	$	—	$	237,699
Investment securities	1,442,477		1,922		1,442,708		775		1,445,405
Federal Home Loan Bank stock	50,086		N/A		N/A		N/A		N/A
Federal Reserve Bank stock	8,225		N/A		N/A		N/A		N/A
Accrued interest receivable - securities	4,048		—		4,048		—		4,048
Accrued interest receivable - loans	13,629		—		—		13,629		13,629
Loans held for sale	5,264		—		5,264		—		5,264
Mortgage IRLCs	70		—		70		—		70
Impaired loans carried at fair value	16,963		—		—		16,963		16,963
Other loans, net	4,753,033		—		—		4,757,461		4,757,461
Loans receivable, net	$	4,775,330	$	—	$	5,334	$	4,774,424	$	4,779,758
Financial liabilities:
Noninterest bearing checking accounts	$	1,269,296	$	1,269,296	$	—	—		$	1,269,296
Interest bearing transactions accounts	1,122,079		1,122,079		—		—		1,122,079
Savings accounts	1,325,445		1,325,445		—		—		1,325,445
Time deposits	1,409,911		—		1,422,885		—		1,422,885
Other	1,269		1,269		—		—		1,269
Total deposits	$	5,128,000	$	3,718,089	$	1,422,885	$	—	$	5,140,974
Short-term borrowings	$	276,980	$	—	$	276,980	$	—	$	276,980
Long-term debt	786,602		—		827,500		—		827,500
Subordinated debentures/notes	45,000		—		42,995		—		42,995
Accrued interest payable – deposits	1,125		14		1,111		—		1,125
Accrued interest payable – debt/borrowings	1,426		3		1,423		—		1,426
Derivative financial instruments:
Fair value swap	$	226	$	—	$	—	$	226	$	226

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Other Investment Securities

9 Months Ended

Sep. 30, 2015

Other Investment Securities [Abstract]

Other Investment Securities

Other Investment Securities

Other investment securities consist of stock investments in the Federal Home Loan Bank ("FHLB") and the Federal Reserve Bank ("FRB"). These restricted stock investments are carried at their redemption value.

	September 30, 2015		December 31, 2014
(In thousands)
Federal Home Loan Bank stock	$	50,086	$	50,086
Federal Reserve Bank stock	8,225		8,225
Total	$	58,311	$	58,311

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Earnings Per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2015 and 2014.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except share and per common share data)	2015		2014		2015		2014
Numerator:
Net income available to common shareholders	$	20,040	$	18,269	$	60,123	$	59,656
Denominator:
Denominator for basic earnings per common share (weighted average common shares outstanding)	15,361,087		15,392,421		15,370,380		15,395,320
Effect of dilutive performance-based restricted stock units	40,721		21,243		41,131		18,305
Denominator for diluted earnings per common share (weighted average common shares outstanding adjusted for the effect of dilutive performance-based restricted stock units)	15,401,808		15,413,664		15,411,511		15,413,625
Earnings per common share:
Basic earnings per common share	$	1.30	$	1.19	$	3.91	$	3.87
Diluted earnings per common share	$	1.30	$	1.19	$	3.90	$	3.87

Park awarded 23,025 and 21,975 performance-based restricted stock units ("PBRSUs") to certain employees during the nine months ended September 30, 2015 and 2014, respectively. No PBRSUs were awarded during the three months ended September 30, 2015 and 2014. The PBRSUs vest based on service and performance conditions. The dilutive effect of the PBRSUs was the addition of 40,721 and 21,243 common shares for the three months ended September 30, 2015 and 2014, respectively, and 41,131 and 18,305 common shares for the nine months ended September 30, 2015 and 2014, respectively.

During the nine months ended September 30, 2015 and 2014, Park repurchased 41,500 and 19,500 common shares, respectively, to fund the PBRSUs. Park repurchased 20,000 common shares during the three months ended September 30, 2015 and no common shares were repurchased during the three months ended September 30, 2014.

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Investment Securities (Amortized Cost And Estimated Fair Value Of Investments In Debt Securities By Contractual Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Securities Available-for-Sale, Total Fair value	$ 1,293,464	$ 1,301,915
Securities Held-to-Maturity, Amortized Cost	117,509	140,562
Securities held-to-maturity, fair value	119,585	143,490
US States and Political Subdivisions Debt Securities [Member]
Schedule of Investments [Line Items]
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount	6,094
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value	6,142
Securities Held-to-Maturity, Amortized Cost	6,094
Securities held-to-maturity, fair value	$ 6,142
Held to Maturity Securities weighted avg yield	5.03%
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	$ 150,000
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	$ 150,257
Available for Sale Securities Debt Maturities two through five Weighted Avg Yield	1.39%
Securities Available-for-Sale, Due five through ten years, Amortized cost	$ 396,888
Securities Available-for-Sale, Due five through ten years, Fair value	$ 394,794
Available for Sale Securities Debt Maturities After Five Through Ten Years Weighted Avg Yield	2.43%
Securities Available-for-Sale, Total, Amortized cost	$ 546,888
Securities Available-for-Sale, Total Fair value	$ 545,051	538,064
Available for Sale Securities Weighted Avg Yield	2.14%
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Total, Amortized cost	$ 734,014
Securities Available-for-Sale, Total Fair value	$ 745,780	761,153
Available for Sale Securities Weighted Avg Yield	2.31%
Securities Held-to-Maturity, Amortized Cost	$ 111,415	140,562
Securities held-to-maturity, fair value	$ 113,443	$ 143,490
Held to Maturity Securities weighted avg yield	3.49%

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Allowance For Loan Losses

9 Months Ended

Sep. 30, 2015

Loans and Leases Receivable, Allowance [Abstract]

Allowance For Loan Losses

Allowance for Loan Losses

The allowance for loan losses is that amount management believes is adequate to absorb probable incurred credit losses in the loan portfolio based on management’s evaluation of various factors including overall growth in the loan portfolio, an analysis of individual loans, prior and current loss experience, and current economic conditions. A provision for loan losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors as discussed within Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report.

Management updates historical losses annually in the fourth quarter, or more frequently as deemed appropriate. With the inclusion of 2013 net charge-off information, management concluded that it was no longer appropriate to calculate the historical loss average with an even allocation across the five-year period. Rather than apply a 20% allocation to each year in the calculation of the historical annualized loss factor, management determined that it was appropriate to more heavily weight those years with higher losses in the historical loss calculation, given the continued uncertainty in the current economic environment. Specifically, rather than applying equal percentages to each year in the historical loss calculation, management applied more weight to the 2009-2011 periods compared to the 2012 and 2013 periods.

With the inclusion of 2014 net charge-off information in the fourth quarter of 2014, management extended the historical loss period to six years. Due to the same factors that management considered in 2013, management applied more weight to 2009 through 2011 periods compared to the 2012 through 2014 periods.

The activity in the allowance for loan losses for the three and nine months ended September 30, 2015 and September 30, 2014 is summarized below.

	Three Months Ended September 30, 2015
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate			Consumer		Leases		Total
Allowance for loan losses:
Beginning balance	$	12,124	$	9,467		$	8,670		$	15,268		$	11,898	$	—	$	57,427
Charge-offs	829		46			4			575			2,262		—		3,716
Recoveries	415		386			274			461			832		—		2,368
Net charge-offs/(recoveries)	414		(340		)	(270		)	114			1,430		—		1,348
Provision/(recovery)	1,549		(352		)	50			(132		)	1,289		—		2,404
Ending balance	$	13,259	$	9,455		$	8,990		$	15,022		$	11,757	$	—	$	58,483

	Three Months Ended September 30, 2014
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate			Residential real estate		Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	14,196	$	11,062	$	7,821		$	14,519	$	10,313	$	—		$	57,911
Charge-offs	874		463		11			623		2,014		—			3,985
Charge-offs upon transfer to held for sale	597		1,467		1,262			1,012		—		—			4,338
Recoveries	161		161		2,368			284		607		4			3,585
Net charge-offs/(recoveries)	1,310		1,769		(1,095		)	1,351		1,407		(4		)	4,738
Provision/(recovery)	136		1,136		(262		)	1,678		1,817		(4		)	4,501
Ending balance	$	13,022	$	10,429	$	8,654		$	14,846	$	10,723	$	—		$	57,674

	Nine Months Ended September 30, 2015
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate			Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	10,719	$	8,808		$	8,652		$	14,772		$	11,401	$	—		$	54,352
Charge-offs	1,680		329			41			1,732			6,379		—			10,161
Recoveries	987		2,188			1,238			1,808			2,420		3			8,644
Net charge-offs/(recoveries)	693		(1,859		)	(1,197		)	(76		)	3,959		(3		)	1,517
Provision/(recovery)	3,233		(1,212		)	(859		)	174			4,315		(3		)	5,648
Ending balance	$	13,259	$	9,455		$	8,990		$	15,022		$	11,757	$	—		$	58,483

	Nine Months Ended September 30, 2014
(In thousands)	Commercial, financial and agricultural		Commercial real estate			Construction real estate			Residential real estate		Consumer		Leases			Total
Allowance for loan losses:
Beginning balance	$	14,218	$	15,899		$	6,855		$	14,251	$	8,245	$	—		$	59,468
Charge-offs	1,727		6,531			35			1,899		5,315		—			15,507
Charge-offs upon transfer to held for sale	597		1,467			1,262			1,012		—		—			4,338
Recoveries	755		4,074			8,342			1,877		1,981		6			17,035
Net charge-offs/(recoveries)	1,569		3,924			(7,045		)	1,034		3,334		(6		)	2,810
Provision/(recovery)	373		(1,546		)	(5,246		)	1,629		5,812		(6		)	1,016
Ending balance	$	13,022	$	10,429		$	8,654		$	14,846	$	10,723	$	—		$	57,674

Loans collectively evaluated for impairment in the following tables include all performing loans at September 30, 2015 and December 31, 2014, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the allowance for loan losses. Loans individually evaluated for impairment include all impaired loans internally classified as commercial loans at September 30, 2015 and December 31, 2014, which are evaluated for impairment in accordance with U.S. GAAP (see Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report).

The composition of the allowance for loan losses at September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	2,495		$	488		$	2,118		$	637		$	—		$	—		$	5,738
Collectively evaluated for impairment	10,764			8,967			6,872			14,385			11,757			—			52,745
Total ending allowance balance	$	13,259		$	9,455		$	8,990		$	15,022		$	11,757		$	—		$	58,483
Loan balance:
Loans individually evaluated for impairment	$	19,150		$	17,651		$	8,038		$	24,349		$	—		$	—		$	69,188
Loans collectively evaluated for impairment	889,875			1,073,927			152,334			1,841,951			969,586			3,051			4,930,724
Total ending loan balance	$	909,025		$	1,091,578		$	160,372		$	1,866,300		$	969,586		$	3,051		$	4,999,912
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	13.03		%	2.76		%	26.35		%	2.62		%	—		%	—		%	8.29		%
Loans collectively evaluated for impairment	1.21		%	0.83		%	4.51		%	0.78		%	1.21		%	—		%	1.07		%
Total	1.46		%	0.87		%	5.61		%	0.80		%	1.21		%	—		%	1.17		%
Recorded investment:
Loans individually evaluated for impairment	$	19,154		$	17,662		$	8,038		$	24,370		$	—		$	—		$	69,224
Loans collectively evaluated for impairment	893,349			1,078,155			152,710			1,845,487			972,535			3,104			4,945,340
Total ending recorded investment	$	912,503		$	1,095,817		$	160,748		$	1,869,857		$	972,535		$	3,104		$	5,014,564

	December 31, 2014
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	981		$	262		$	1,812		$	605		$	—		$	—		$	3,660
Collectively evaluated for impairment	9,738			8,546			6,840			14,167			11,401			—			50,692
Total ending allowance balance	$	10,719		$	8,808		$	8,652		$	14,772		$	11,401		$	—		$	54,352
Loan balance:
Loans individually evaluated for impairment	$	19,103		$	21,978		$	7,690		$	24,905		$	—		$	—		$	73,676
Loans collectively evaluated for impairment	837,432			1,047,659			148,114			1,826,470			893,160			3,171			4,756,006
Total ending loan balance	$	856,535		$	1,069,637		$	155,804		$	1,851,375		$	893,160		$	3,171		$	4,829,682
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	5.14		%	1.19		%	23.56		%	2.43		%	—		%	—		%	4.97		%
Loans collectively evaluated for impairment	1.16		%	0.82		%	4.62		%	0.78		%	1.28		%	—		%	1.07		%
Total	1.25		%	0.82		%	5.55		%	0.80		%	1.28		%	—		%	1.13		%
Recorded investment:
Loans individually evaluated for impairment	$	19,106		$	21,989		$	7,687		$	24,930		$	—		$	—		$	73,712
Loans collectively evaluated for impairment	840,647			1,051,194			148,512			1,829,931			896,127			3,188			4,769,599
Total ending recorded investment	$	859,753		$	1,073,183		$	156,199		$	1,854,861		$	896,127		$	3,188		$	4,843,311

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Other Real Estate Owned (Notes)

9 Months Ended

Sep. 30, 2015

Other Real Estate Owned [Abstract]

Real Estate Owned [Text Block]

Management transfers a loan to OREO at the time that Park takes deed/title of the asset. The carrying amount of foreclosed properties held at September 30, 2015 and December 31, 2014 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	September 30, 2015		December 31, 2014
OREO:
Commercial real estate	$	8,342	$	6,352
Construction real estate	8,225		11,281
Residential real estate	3,569		4,972
Total OREO	20,136		$	22,605
Loans in process of foreclosure:
Residential real estate	$	1,996	$	2,807

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Segment Information

9 Months Ended

Sep. 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 September 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income	$	55,972	$	1,643	$	65		$	35		$	57,715
Provision for (recovery of) loan losses	2,587		282		(465		)	—			2,404
Other income	19,699		1		347			144			20,191
Other expense	43,144		726		1,456			2,103			47,429
Income (loss) before income taxes	$	29,940	$	636	$	(579	)	$	(1,924	)	$	28,073
Federal income taxes (benefit)	9,233		242		(203		)	(1,239		)	8,033
Net income (loss)	$	20,707	$	394	$	(376	)	$	(685	)	$	20,040
Assets (as of September 30, 2015)	$	7,216,773	$	36,517	$	37,938		$	9,112		$	7,300,340

	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	38,992		774		3,332			1,874			44,972
Income (loss) before income taxes	$	28,296	$	639	$	43		$	(2,346	)	$	26,632
Federal income taxes (benefit)	9,093		223		15			(968		)	8,363
Net income (loss)	$	19,203	$	416	$	28		$	(1,378	)	$	18,269
Assets (as of September 30, 2014)	$	6,913,425	$	41,104	$	53,025		$	3,701		$	7,011,255

	Operating Results for the nine months ended September 30, 2015
(In thousands)	PNB		GFSC		SEPH			All Other			Total
Net interest income (expense)	$	164,559	$	5,014	$	(37	)	$	229		$	169,765
Provision for (recovery of) loan losses	7,329		1,086		(2,767		)	—			5,648
Other income	56,431		2		1,434			388			58,255
Other expense	124,662		2,264		4,939			5,951			137,816
Income (loss) before income taxes	$	88,999	$	1,666	$	(775	)	$	(5,334	)	$	84,556
Federal income taxes (benefit)	27,800		584		(271		)	(3,680		)	24,433
Net income (loss)	$	61,199	$	1,082	$	(504	)	$	(1,654	)	$	60,123

	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	119,408		2,361		9,266			5,957			136,992
Income (loss) before income taxes	$	89,338	$	2,305	$	1,146		$	(7,332	)	$	85,457
Federal income taxes (benefit)	28,398		807		401			(3,805		)	25,801
Net income (loss)	$	60,940	$	1,498	$	745		$	(3,527	)	$	59,656

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

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Loan Servicing (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Transfers and Servicing of Financial Assets [Abstract]
Serviced sold mortgage loans	$ 1,270,000	$ 1,270,000	$ 1,270,000	$ 1,270,000	$ 1,270,000
Serviced sold mortgage loans with recourse	5,700	7,600	5,700	7,600	7,000
Mortgage Loans Sold with Recourse, Reserve	827		827		$ 379
Servicing fees included in other service income	$ 800	$ 800	$ 2,500	$ 2,600

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Fair Value (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Held-for-sale, Fair Value Disclosure	$ 11,403		$ 11,403		$ 5,264
Impaired Financing Receivable, Carrying Value	63,486		$ 63,486		70,052
Discount percentage applied to real estate appraised values			15.00%
Discount percentage applied to lot development appraised values			6.00%
Partial Charge-Offs On Impaired Loans			$ 29,984		32,480
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	5,738		5,738		3,660
Impaired Financing Receivable, Related Allowance	5,738		5,738		3,660
Impaired loans carried at fair value	12,599		12,599		16,963
Partial Charge-Offs On Impaired Loans carried at Fair Value			11,837		19,731
Book Value Of Impaired Loans Carried At Fair Value	15,841		15,841		19,643
Impaired Financing Receivable, carried at fair value, related expense	100	$ 200	1,800	$ 2,300
MSR recorded at lower of cost or fair value	8,812	8,632	8,812	8,632	8,613	$ 8,561	$ 8,662	$ 9,013
Mortgage Servicing Rights Fair Value	3,000		3,000		2,900
Valuation allowance of MSR	644	876	644	876	826	$ 855	$ 992	$ 1,031
MSRs recorded at cost	5,800		5,800		5,700
Changes due to fair value adjustments	211	(116)	(182)	(155)
Other Real Estate, Foreclosed Assets, and Repossessed Assets	$ 20,136		$ 20,136		$ 22,605
Percent of OREO held at fair value	44.27394%		44.27394%		45.61823%
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Fair Value	$ 8,900		$ 8,900		$ 10,312
OREO valuation adjustments	718	$ 935	1,273	$ 2,026
Commercial Receivables, excluding Commercial, Financial, and Agricultural [Domain]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired Financing Receivable, Related Allowance	3,242		3,242		2,680
Financing Receivable, not collateral dependent [Domain]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired Financing Receivable, Related Allowance	2,496		2,496		980
Commercial Real Estate Portfolio Segment [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 488		$ 488		262
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans carried at fair value					$ 8,481
Sales Comparison Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			71.00%		87.00%
Sales Comparison Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			54.70%		82.90%
Sales Comparison Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			68.00%		84.00%
Sales Comparison Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			45.60%		38.30%
Sales Comparison Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			27.10%		30.50%
Sales Comparison Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			21.20%		27.10%
Sales Comparison Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			25.80%		38.80%
Sales Comparison Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			11.80%		10.10%
Sales Comparison Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			5.00%		0.00%
Sales Comparison Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			0.00%		0.00%
Sales Comparison Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			0.00%		0.00%
Sales Comparison Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Comparability Adjustments			0.00%		0.00%
Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			9.50%		10.00%
Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			15.00%
Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			13.30%		9.50%
Income Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate					7.80%
Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			9.50%		9.40%
Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			15.00%
Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			10.20%		9.40%
Income Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate					7.60%
Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			9.50%		8.40%
Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			15.00%
Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate			8.00%		8.00%
Income Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Residential [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Cap Rate					6.80%
Cost Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Accumulated Depreciation					95.00%
Cost Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Accumulated Depreciation			50.00%		23.00%
Cost Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Accumulated Depreciation					77.50%
Cost Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Accumulated Depreciation			42.10%		23.00%
Cost Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Commercial [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Accumulated Depreciation					60.00%
Cost Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Accumulated Depreciation			23.00%		23.00%
Bulk Sale Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Discount Rate					15.00%
Bulk Sale Approach Valuation Technique [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Discount Rate			8.00%
Bulk Sale Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member] | Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Discount Rate					15.00%
Bulk Sale Approach Valuation Technique [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Discount Rate			8.00%
Bulk Sale Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned, Construction [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Discount Rate					15.00%
Bulk Sale Approach Valuation Technique [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Inputs, Discount Rate			8.00%

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Pension Plan (Components Of Net Periodic Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	$ 1,342	$ 1,083	$ 4,026	$ 3,249
Interest cost	1,174	1,144	3,522	3,432
Expected return on plan assets	(2,855)	(2,717)	(8,565)	(8,151)
Amortization of prior service cost	4	5	12	15
Recognized net actuarial loss	159	0	477	0
Benefit expense	$ (176)	$ (485)	(528)	(1,455)
Pension plan contributions			$ 0	$ 0

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Pension Plan (Tables)

9 Months Ended

Sep. 30, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Components Of Net Periodic Benefit Expense

The following table shows the components of net periodic benefit income:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Service cost	$	1,342		$	1,083		$	4,026		$	3,249
Interest cost	1,174			1,144			3,522			3,432
Expected return on plan assets	(2,855		)	(2,717		)	(8,565		)	(8,151		)
Amortization of prior service cost	4			5			12			15
Recognized net actuarial loss	159			—			477			—
Net periodic benefit income	$	(176	)	$	(485	)	$	(528	)	$	(1,455	)

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Allowance For Loan Losses (Composition Of The Allowance For Loan Losses) (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 5,738	$ 3,660
Allowance for loan losses collectively evaluated for impairment		52,745	50,692
Total ending allowance balance		58,483	54,352
Loans individually evaluated for impairment		69,188	73,676
Loans collectively evaluated for impairment		4,930,724	4,756,006
Total ending loan balance, net of accrued interest receivable		$ 4,999,912	$ 4,829,682
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		8.29335%	4.9677%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.06972%	1.06585%
Total ending allowance for loan losses balance as a percentage of loan balance		1.16968%	1.12537%
Recorded investment		$ 69,224	$ 73,712
Recorded investment collectively evaluated for impairment		4,945,340	4,769,599
Recorded Investment		5,014,564	4,843,311
Commercial Financial And Agricultural [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		2,495	981
Allowance for loan losses collectively evaluated for impairment		10,764	9,738
Total ending allowance balance		13,259	10,719
Loans individually evaluated for impairment		19,150	19,103
Loans collectively evaluated for impairment		889,875	837,432
Total ending loan balance, net of accrued interest receivable	[1]	$ 909,025	$ 856,535
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		13.02872%	5.13532%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.20961%	1.16284%
Total ending allowance for loan losses balance as a percentage of loan balance		1.4586%	1.25144%
Recorded investment		$ 19,154	$ 19,106
Recorded investment collectively evaluated for impairment		893,349	840,647
Recorded Investment	[1]	912,503	859,753
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		488	262
Allowance for loan losses collectively evaluated for impairment		8,967	8,546
Total ending allowance balance		9,455	8,808
Loans individually evaluated for impairment		17,651	21,978
Loans collectively evaluated for impairment		1,073,927	1,047,659
Total ending loan balance, net of accrued interest receivable	[1]	$ 1,091,578	$ 1,069,637
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		2.76472%	1.1921%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		0.83497%	0.81572%
Total ending allowance for loan losses balance as a percentage of loan balance		0.86618%	0.82346%
Recorded investment		$ 17,662	$ 21,989
Recorded investment collectively evaluated for impairment		1,078,155	1,051,194
Recorded Investment	[1]	1,095,817	1,073,183
Construction Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		2,118	1,812
Allowance for loan losses collectively evaluated for impairment		6,872	6,840
Total ending allowance balance		8,990	8,652
Loans individually evaluated for impairment		8,038	7,690
Loans collectively evaluated for impairment		152,334	148,114
Total ending loan balance, net of accrued interest receivable		$ 160,372	$ 155,804
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		26.34984%	23.56307%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		4.51114%	4.61806%
Total ending allowance for loan losses balance as a percentage of loan balance		5.60572%	5.55313%
Recorded investment		$ 8,038	$ 7,687
Recorded investment collectively evaluated for impairment		152,710	148,512
Recorded Investment		160,748	156,199
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		637	605
Allowance for loan losses collectively evaluated for impairment		14,385	14,167
Total ending allowance balance		15,022	14,772
Loans individually evaluated for impairment		24,349	24,905
Loans collectively evaluated for impairment		1,841,951	1,826,470
Total ending loan balance, net of accrued interest receivable		$ 1,866,300	$ 1,851,375
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		2.61612%	2.42923%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		0.78097%	0.77565%
Total ending allowance for loan losses balance as a percentage of loan balance		0.80491%	0.79789%
Recorded investment		$ 24,370	$ 24,930
Recorded investment collectively evaluated for impairment		1,845,487	1,829,931
Recorded Investment		1,869,857	1,854,861
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		0	0
Allowance for loan losses collectively evaluated for impairment		11,757	11,401
Total ending allowance balance		11,757	11,401
Loans individually evaluated for impairment		0	0
Loans collectively evaluated for impairment		969,586	893,160
Total ending loan balance, net of accrued interest receivable		$ 969,586	$ 893,160
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		0.00%	0.00%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.21258%	1.27648%
Total ending allowance for loan losses balance as a percentage of loan balance		1.21258%	1.27648%
Recorded investment		$ 0	$ 0
Recorded investment collectively evaluated for impairment		972,535	896,127
Recorded Investment		972,535	896,127
Leases [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses individually evaluated for impairment		0	0
Allowance for loan losses collectively evaluated for impairment		0	0
Total ending allowance balance		0	0
Loans individually evaluated for impairment		0	0
Loans collectively evaluated for impairment		3,051	3,171
Total ending loan balance, net of accrued interest receivable		$ 3,051	$ 3,171
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		0.00%	0.00%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		0.00%	0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		0.00%	0.00%
Recorded investment		$ 0	$ 0
Recorded investment collectively evaluated for impairment		3,104	3,188
Recorded Investment		$ 3,104	$ 3,188

[1] Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

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Pension Plan

9 Months Ended

Sep. 30, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pension Plan

Pension Plan

Park has a noncontributory defined benefit pension plan covering substantially all of its employees. The plan provides benefits based on an employee’s years of service and compensation.

Park generally contributes annually an amount that can be deducted for federal income tax purposes using a different actuarial cost method and different assumptions from those used for financial reporting purposes. There were no pension plan contributions for the three-month and nine-month periods ended September 30, 2015 and 2014.

The following table shows the components of net periodic benefit income:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Service cost	$	1,342		$	1,083		$	4,026		$	3,249
Interest cost	1,174			1,144			3,522			3,432
Expected return on plan assets	(2,855		)	(2,717		)	(8,565		)	(8,151		)
Amortization of prior service cost	4			5			12			15
Recognized net actuarial loss	159			—			477			—
Net periodic benefit income	$	(176	)	$	(485	)	$	(528	)	$	(1,455	)

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Repurchase Agreement Borrowings (Notes)

9 Months Ended

Sep. 30, 2015

Transfers and Servicing [Abstract]

Repurchase Agreement Borrowings

Repurchase Agreement Borrowings

Securities sold under agreements to repurchase ("repurchase agreements") with customers represent funds deposited by customers, generally on an overnight basis, that are collateralized by investment securities owned by Park. Repurchase agreements with customers are included in short-term borrowings on the consolidated condensed balance sheets. Park's repurchase agreements with a third-party financial institution are classified as long-term debt on the consolidated condensed balance sheets.

All repurchase agreements are subject to terms and conditions of repurchase/security agreements between Park and the client and are accounted for as secured borrowings. Park's repurchase agreements reflected in short-term borrowings consist of customer accounts and securities which are pledged on an individual security basis.

At September 30, 2015 and December 31, 2014, Park's repurchase agreement borrowings totaled $578 million and $577 million, respectively. At both September 30, 2015 and December 31, 2014, $300 million of Park's repurchase agreement borrowings were classified as long-term debt with the remaining amount being classified as short-term debt on the consolidated condensed balance sheets. These borrowings were collateralized with U.S. government and agency securities with a carrying value of $620 million and $664 million at September 30, 2015 and December 31, 2014, respectively. Declines in the value of the collateral would require Park to pledge additional securities. As of September 30, 2015 and December 31, 2014, Park had $276 million and $347 million, respectively, of available unpledged securities.

The following table presents the carrying value of Park's repurchase agreements by remaining contractual maturity at September 30, 2015 and December 31, 2014:

	September 30, 2015
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	271,699	$	1,140	$	1,880	$	303,605	$	578,324
	December 31, 2014
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	268,427	$	164	$	4,940	$	303,449	$	576,980

On November 30, 2012, Park restructured $300 million in repurchase agreements with a third-party financial institution and paid a $25 million prepayment penalty. The penalty is included in long-term debt and is being amortized as an adjustment to interest expense over the remaining term of the repurchase agreements using the effective interest method. Of the $25 million prepayment penalty, $11.1 million and $14.8 million remained unamortized as of September 30, 2015 and December 31, 2014, respectively.

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Loans (Recorded Investment In Financing Receivable Modified As TDR Within 12 Months) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($) contracts	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($) contracts	Dec. 31, 2014 USD ($)
Financing Receivable, Recorded Investment [Line Items]
Troubled Debt Restructuring, Classification removed		$ 900	$ 0	$ 2,500
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	91	121	322	331
Number of Contracts | contracts	72	80	77	96
Recorded Investment	$ 2,664	$ 2,228	$ 2,710	$ 2,507
Financing Receivable, Modifications, Recorded Investment, During Period	7,233	$ 4,529	12,993	$ 6,853
Troubled Debt Restructuring Included In Nonaccrual Loans	41,900		41,900		$ 47,500
Nonaccrual Trouble Debt Restructuring Current	$ 19,000		$ 19,000		$ 15,700
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	0	0	0	0
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	8	14	33	24
Number of Contracts | contracts	7	3	7	4
Recorded Investment	$ 821	$ 62	$ 821	$ 111
Financing Receivable, Modifications, Recorded Investment, During Period	$ 4,063	$ 1,801	$ 6,182	$ 1,841
SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	0	0	0	0
Number of Contracts | contracts	0	0	0	0
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	1	0	1	2
Number of Contracts | contracts	0	0	0	0
Financing Receivable, Modifications, Recorded Investment, During Period	$ 196		$ 196	$ 207
Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	1	2	10	4
Number of Contracts | contracts	1	2	1	2
Recorded Investment	$ 603	$ 194	$ 603	$ 194
Financing Receivable, Modifications, Recorded Investment, During Period	$ 200	$ 312	$ 1,344	$ 333
Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	9	11	24	31
Number of Contracts | contracts	13	18	13	21
Recorded Investment	$ 902	$ 1,205	$ 902	$ 1,354
Financing Receivable, Modifications, Recorded Investment, During Period	$ 748	$ 864	$ 1,524	$ 1,853
Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	5	2	21	7
Number of Contracts | contracts	0	1	0	1
Recorded Investment		$ 166		$ 166
Financing Receivable, Modifications, Recorded Investment, During Period	$ 47	$ 29	$ 347	$ 288
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	0	0	1	0
Financing Receivable, Modifications, Recorded Investment, During Period			$ 20
Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	$ 4	$ 142	$ 36	$ 240
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	61	87	217	246
Financing Receivable, Modifications, Recorded Investment, During Period	$ 463	$ 759	$ 819	$ 1,186
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	5	2	11	8
Number of Contracts | contracts	0	0	0	0
Financing Receivable, Modifications, Recorded Investment, During Period	$ 1,512	$ 622	$ 2,525	$ 905
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	0	0	0	0
Recorded Investment	$ 0	$ 0	$ 0	$ 0
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	0	0	0	0
Recorded Investment	$ 0	$ 0	$ 0	$ 0
Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Number of Contracts, During Period | contracts	1	3	4	9
Number of Contracts | contracts	1	2	1	3
Recorded Investment	$ 28	$ 115	$ 28	$ 118
Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	50	54	55	65
Recorded Investment	$ 310	$ 486	$ 356	$ 564
Finance Leases Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of Contracts | contracts	0	0	0	0
Recorded Investment	$ 0	$ 0	$ 0	$ 0
Accruing Financing Receivable Modifications [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	708	1,832	2,048	2,572
Accruing Financing Receivable Modifications [Member] | Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	0	0	0	0
Accruing Financing Receivable Modifications [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	245	776	1,014	776
Accruing Financing Receivable Modifications [Member] | Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	196		196
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	200		200
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	0	508	325	749
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	16	0	242	93
Accruing Financing Receivable Modifications [Member] | Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	0	0	0	0
Accruing Financing Receivable Modifications [Member] | Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		133		228
Accruing Financing Receivable Modifications [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	51	415	71	726
Nonaccruing Financing Receivable Modifications [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	6,525	2,697	10,945	4,281
Nonaccruing Financing Receivable Modifications [Member] | Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	3,818	1,025	5,168	1,065
Nonaccruing Financing Receivable Modifications [Member] | Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period				207
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period		312	1,144	333
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	748	356	1,199	1,104
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	31	29	105	195
Nonaccruing Financing Receivable Modifications [Member] | Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period			20
Nonaccruing Financing Receivable Modifications [Member] | Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	4	9	36	12
Nonaccruing Financing Receivable Modifications [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	412	344	748	460
Nonaccruing Financing Receivable Modifications [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment, During Period	$ 1,512	$ 622	$ 2,525	$ 905

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Loans (Composition Of Loan Portfolio By Class Of Loan) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment		$ 69,224	$ 76,231	$ 69,224	$ 76,231	$ 73,712
Loan balance		4,999,912		4,999,912		4,829,682
Accrued interest receivable		18,976		18,976		17,677
Recorded Investment		5,014,564		5,014,564		4,843,311
Impaired Financing Receivable, Average Recorded Investment		69,933	89,455	69,541	98,690
Impaired Financing Receivable, Interest Income, Cash Basis Method		409	664	1,513	2,081
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment		19,154	23,186	19,154	23,186
Impaired Financing Receivable, Average Recorded Investment		19,793	18,764	19,056	19,362
Impaired Financing Receivable, Interest Income, Cash Basis Method		35	68	306	204
Construction Real Estate, SEPH Commercial Land and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment		2,045	2,097	2,045	2,097
Loan balance	[1]	2,069		2,069		2,195
Accrued interest receivable	[1]	0		0		0
Recorded Investment	[1]	2,069		2,069		2,195
Impaired Financing Receivable, Average Recorded Investment		2,068	3,653	2,073	4,130
Impaired Financing Receivable, Interest Income, Cash Basis Method		0	12	8	134
Construction Real Estate - Remaining Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment		5,993	5,970	5,993	5,970
Loan balance		115,987		115,987		115,139
Accrued interest receivable		279		279		300
Recorded Investment		116,266		116,266		115,439
Impaired Financing Receivable, Average Recorded Investment		6,059	8,561	5,771	9,587
Impaired Financing Receivable, Interest Income, Cash Basis Method		2	2	13	56
Construction Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance		35,554		35,554		31,148
Accrued interest receivable		78		78		72
Recorded Investment		35,632		35,632		31,220
Construction Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance		6,762		6,762		7,322
Accrued interest receivable		19		19		23
Recorded Investment		6,781		6,781		7,345
Residential Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment		24,370	23,640	24,370	23,640
Loan balance		412,294		412,294		417,612
Accrued interest receivable		883		883		1,038
Recorded Investment		413,177		413,177		418,650
Impaired Financing Receivable, Average Recorded Investment		24,560	27,765	24,784	29,632
Impaired Financing Receivable, Interest Income, Cash Basis Method		240	255	768	825
Residential Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance		1,216,221		1,216,221		1,189,709
Accrued interest receivable		1,840		1,840		1,548
Recorded Investment		1,218,061		1,218,061		1,191,257
Residential Real Estate - HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance		213,488		213,488		216,915
Accrued interest receivable		755		755		803
Recorded Investment		214,243		214,243		217,718
Residential Real Estate - Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance		24,297		24,297		27,139
Accrued interest receivable		79		79		97
Recorded Investment		24,376		24,376		27,236
Loans Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Accrued interest receivable		14,652		14,652		13,629
Commercial Financial And Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance	[1]	909,025		909,025		856,535
Accrued interest receivable	[1]	3,478		3,478		3,218
Recorded Investment	[1]	912,503		912,503		859,753
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment		17,662	21,303	17,662	21,303
Loan balance	[1]	1,091,578		1,091,578		1,069,637
Accrued interest receivable	[1]	4,239		4,239		3,546
Recorded Investment	[1]	1,095,817		1,095,817		1,073,183
Impaired Financing Receivable, Average Recorded Investment		17,453	30,644	17,857	35,458
Impaired Financing Receivable, Interest Income, Cash Basis Method		132	327	418	862
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Impaired Financing Receivable, Recorded Investment			35		35
Loan balance		969,586		969,586		893,160
Accrued interest receivable		2,949		2,949		2,967
Recorded Investment		972,535		972,535		896,127
Impaired Financing Receivable, Average Recorded Investment			68		521
Impaired Financing Receivable, Interest Income, Cash Basis Method		0	$ 0	0	$ 0
Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan balance		3,051		3,051		3,171
Accrued interest receivable		53		53		17
Recorded Investment		$ 3,104		$ 3,104		$ 3,188

[1] Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

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Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income	$ 20,040	$ 18,269	$ 60,123	$ 59,656
Other comprehensive income, net of tax:
Unrealized net holding gain (loss) on securities available-for-sale, net of income tax (benefit) of $3,528 and $(1,564) for the three months ended September 30, 2015 and 2014, and $3,328 and $11,369 for the nine months ended September 30, 2015 and 2014, respectively	6,551	(2,905)	6,179	21,115
Other comprehensive income (loss)	6,551	(2,905)	6,179	21,115
Comprehensive income	$ 26,591	$ 15,364	$ 66,302	$ 80,771

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Basis Of Presentation

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis Of Presentation

Basis of Presentation

The accompanying unaudited consolidated condensed financial statements included in this report have been prepared for Park National Corporation (sometimes also referred to as the “Registrant”) and its subsidiaries. Unless the context otherwise requires, references to "Park", the "Corporation" or the "Company" and similar terms mean Park National Corporation and its subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the results of operations for the interim periods included herein have been made. The results of operations for the three and nine month periods ended September 30, 2015 are not necessarily indicative of the operating results to be anticipated for the fiscal year ending December 31, 2015.

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes necessary for a fair presentation of the condensed balance sheets, condensed statements of income, condensed statements of comprehensive income, condensed statements of changes in shareholders’ equity and condensed statements of cash flows in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). These financial statements should be read in conjunction with the consolidated financial statements incorporated by reference in the Annual Report on Form 10-K of Park for the fiscal year ended December 31, 2014 from Park’s 2014 Annual Report to Shareholders (“2014 Annual Report”). Certain prior period amounts have been reclassified to conform to the current period presentation. Additionally, prior period financial statements reflect the retrospective application of Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323):Accounting for Investments in Qualified Affordable Housing Projects.

Park’s significant accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2014 Annual Report. For interim reporting purposes, Park follows the same basic accounting policies, as updated by the information contained in this report, and considers each interim period an integral part of an annual period.

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Investment Securities (Schedule Of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Securities Available-for-Sale, Amortized Cost	$ 1,282,022	$ 1,299,980
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	15,539	15,010
Securities Available-for-Sale, Gross Unrealized Holding Losses	4,097	13,075
Securities Available-for-Sale, Total Fair value	1,293,464	1,301,915
Securities Held-to-Maturity, Amortized Cost	117,509	140,562
Securities Held-to-Maturity, Gross Unrecognized Holding Gains	2,158
Securities Held-to-Maturity, Gross Unrecognized Holding Losses	82
Securities Held-to-Maturity, Estimated Fair Value	119,585	143,490
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Amortized Cost	546,888	546,886
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	260	11
Securities Available-for-Sale, Gross Unrealized Holding Losses	2,097	8,833
Securities Available-for-Sale, Total Fair value	545,051	538,064
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Amortized Cost	734,014	751,974
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	13,766	13,421
Securities Available-for-Sale, Gross Unrealized Holding Losses	2,000	4,242
Securities Available-for-Sale, Total Fair value	745,780	761,153
Securities Held-to-Maturity, Amortized Cost	111,415	140,562
Securities Held-to-Maturity, Gross Unrecognized Holding Gains	2,110	3,088
Securities Held-to-Maturity, Gross Unrecognized Holding Losses	82	160
Securities Held-to-Maturity, Estimated Fair Value	113,443	143,490
Other Equity Securities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Amortized Cost	1,120	1,120
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	1,513	1,578
Securities Available-for-Sale, Total Fair value	2,633	$ 2,698
US States and Political Subdivisions Debt Securities [Member]
Schedule of Investments [Line Items]
Securities Held-to-Maturity, Amortized Cost	6,094
Securities Held-to-Maturity, Gross Unrecognized Holding Gains	48
Securities Held-to-Maturity, Gross Unrecognized Holding Losses	0
Securities Held-to-Maturity, Estimated Fair Value	$ 6,142

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Fair Value (Fair Value Of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and money market instruments	$ 382,255	$ 237,699
Investment securities	1,413,049	1,445,405
Federal Home Loan Bank Stock	50,086	50,086
Federal Reserve Bank Stock	8,225	8,225
Loans Held-for-sale, Fair Value Disclosure	11,403	5,264
Impaired loans carried at fair value	12,599	16,963
Other loans	4,916,210	4,757,461
Loans receivable, net	4,940,407	4,779,758
Noninterest bearing checking accounts	1,288,750	1,269,296
Interest bearing transactions accounts	1,212,244	1,122,079
Savings accounts	1,623,832	1,325,445
Time deposits	1,330,003	1,422,885
Other	5,325	1,269
Total deposits	5,460,154	5,140,974
Short-term borrowings	278,324	276,980
Long-term debt	778,621	827,500
Subordinated debentures/notes	42,847	42,995
Fair Value Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Swap	226	226
Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	4,324	4,048
Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	14,652	13,629
Deposits [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	1,143	1,125
Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	1,327	1,426
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and money market instruments	382,255	237,699
Investment securities	1,410,973	1,442,477
Federal Home Loan Bank Stock	50,086
Federal Reserve Bank Stock	8,225
Loans Held-for-sale, Fair Value Disclosure	11,403	5,264
Derivative Assets	195	70
Impaired loans carried at fair value	12,599	16,963
Other loans	4,917,232	4,753,033
Loans receivable, net	4,941,429	4,775,330
Noninterest bearing checking accounts	1,288,750	1,269,296
Interest bearing transactions accounts	1,212,244	1,122,079
Savings accounts	1,623,832	1,325,445
Time deposits	1,324,831	1,409,911
Other	5,325	1,269
Total deposits	5,454,982	5,128,000
Short-term borrowings	278,324	276,980
Long-term debt	736,580	786,602
Subordinated debentures/notes	45,000	45,000
Reported Value Measurement [Member] | Fair Value Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Swap	226	226
Reported Value Measurement [Member] | Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	4,324	4,048
Reported Value Measurement [Member] | Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	14,652	13,629
Reported Value Measurement [Member] | Deposits [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	1,143	1,125
Reported Value Measurement [Member] | Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	1,327	1,426
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and money market instruments	382,255	237,699
Investment securities	1,876	1,922
Derivative Assets	0	0
Noninterest bearing checking accounts	1,288,750	1,269,296
Interest bearing transactions accounts	1,212,244	1,122,079
Savings accounts	1,623,832	1,325,445
Other	5,325	1,269
Total deposits	4,130,151	3,718,089
Fair Value, Inputs, Level 1 [Member] | Deposits [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	63	14
Fair Value, Inputs, Level 1 [Member] | Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	12	3
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	195	70
Impaired loans carried at fair value		16,963
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	1,410,416	1,442,708
Loans Held-for-sale, Fair Value Disclosure	11,403	5,264
Derivative Assets	195	70
Loans receivable, net	11,598	5,334
Time deposits	1,330,003	1,422,885
Total deposits	1,330,003	1,422,885
Short-term borrowings	278,324	276,980
Long-term debt	778,621	827,500
Subordinated debentures/notes	42,847	42,995
Level 2 [Member] | Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	4,324	4,048
Level 2 [Member] | Deposits [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	1,080	1,111
Level 2 [Member] | Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest payable	1,315	1,423
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	757	775
Derivative Assets	0	0
Impaired loans carried at fair value	12,599	16,963
Other loans	4,916,210	4,757,461
Loans receivable, net	4,928,809	4,774,424
Fair Value, Inputs, Level 3 [Member] | Fair Value Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Swap	226	226
Fair Value, Inputs, Level 3 [Member] | Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	$ 14,652	$ 13,629

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Loans (Tables)

9 Months Ended

Sep. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio, by class of loan, as of September 30, 2015 and December 31, 2014 was as follows:

	September 30, 2015						December 31, 2014
(In thousands)	Loan balance		Accrued interest receivable		Recorded investment		Loan balance		Accrued interest receivable		Recorded investment
Commercial, financial and agricultural *	$	909,025	$	3,478	$	912,503	$	856,535	$	3,218	$	859,753
Commercial real estate *	1,091,578		4,239		1,095,817		1,069,637		3,546		1,073,183
Construction real estate:
SEPH commercial land and development	2,069		—		2,069		2,195		—		2,195
Remaining commercial	115,987		279		116,266		115,139		300		115,439
Mortgage	35,554		78		35,632		31,148		72		31,220
Installment	6,762		19		6,781		7,322		23		7,345
Residential real estate:
Commercial	412,294		883		413,177		417,612		1,038		418,650
Mortgage	1,216,221		1,840		1,218,061		1,189,709		1,548		1,191,257
HELOC	213,488		755		214,243		216,915		803		217,718
Installment	24,297		79		24,376		27,139		97		27,236
Consumer	969,586		2,949		972,535		893,160		2,967		896,127
Leases	3,051		53		3,104		3,171		17		3,188
Total loans	$	4,999,912	$	14,652	$	5,014,564	$	4,829,682	$	13,629	$	4,843,311

* Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing

The following tables present the recorded investment in nonaccrual loans, accruing troubled debt restructurings (TDRs), and loans past due 90 days or more and still accruing by class of loan as of September 30, 2015 and December 31, 2014:

	September 30, 2015
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,142	$	1,015	$	—	$	19,157
Commercial real estate	14,565		3,097		—		17,662
Construction real estate:
SEPH commercial land and development	2,045		—		—		2,045
Remaining commercial	5,746		247		—		5,993
Mortgage	28		91		—		119
Installment	126		113		—		239
Residential real estate:
Commercial	23,787		583		—		24,370
Mortgage	19,529		9,915		469		29,913
HELOC	1,685		806		17		2,508
Installment	1,845		680		4		2,529
Consumer	3,497		654		1,065		5,216
Total loans	$	90,995	$	17,201	$	1,555	$	109,751

	December 31, 2014
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,826	$	297	$	229	$	19,352
Commercial real estate	19,299		2,690		—		21,989
Construction real estate:
SEPH commercial land and development	2,078		—		—		2,078
Remaining commercial	5,558		51		—		5,609
Mortgage	59		94		9		162
Installment	115		125		—		240
Residential real estate:
Commercial	24,336		594		—		24,930
Mortgage	21,869		10,349		1,329		33,547
HELOC	1,879		630		9		2,518
Installment	1,743		779		—		2,522
Consumer	4,631		723		1,133		6,487
Total loans	$	100,393	$	16,332	$	2,709	$	119,434

Loans Individually And Collectively Evaluated For Impairment

The following table provides additional information regarding those nonaccrual loans and accruing TDR loans that were individually evaluated for impairment and those collectively evaluated for impairment as of September 30, 2015 and December 31, 2014.

	September 30, 2015						December 31, 2014
(In thousands)	Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	19,157	$	19,154	$	3	$	19,123	$	19,106	$	17
Commercial real estate	17,662		17,662		—		21,989		21,989		—
Construction real estate:
SEPH commercial land and development	2,045		2,045		—		2,078		2,078		—
Remaining commercial	5,993		5,993		—		5,609		5,609		—
Mortgage	119		—		119		153		—		153
Installment	239		—		239		240		—		240
Residential real estate:
Commercial	24,370		24,370		—		24,930		24,930		—
Mortgage	29,444		—		29,444		32,218		—		32,218
HELOC	2,491		—		2,491		2,509		—		2,509
Installment	2,525		—		2,525		2,522		—		2,522
Consumer	4,151		—		4,151		5,354		—		5,354
Total loans	$	108,196	$	69,224	$	38,972	$	116,725	$	73,712	$	43,013

Loans Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loan as of September 30, 2015 and December 31, 2014.

	September 30, 2015						December 31, 2014
(In thousands)	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
With no related allowance recorded:
Commercial, financial and agricultural	$	18,724	$	4,758	$	—	$	30,601	$	17,883	$	—
Commercial real estate	12,285		12,044		—		27,923		20,696		—
Construction real estate:
SEPH commercial land and development	10,835		2,045		—		11,026		2,078		—
Remaining commercial	2,242		1,263		—		1,427		391		—
Residential real estate:
Commercial	23,940		22,264		—		25,822		23,352		—
With an allowance recorded:
Commercial, financial and agricultural	18,573		14,396		2,495		1,251		1,223		981
Commercial real estate	5,618		5,618		488		1,310		1,293		262
Construction real estate:
SEPH commercial land and development	—		—		—		—		—		—
Remaining commercial	4,730		4,730		2,118		5,218		5,218		1,812
Residential real estate:
Commercial	2,225		2,106		637		1,578		1,578		605
Total	$	99,172	$	69,224	$	5,738	$	106,156	$	73,712	$	3,660

Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment

The following table presents the average recorded investment and interest income recognized subsequent to impairment on loans individually evaluated for impairment as of and for the three and nine months ended September 30, 2015 and September 30, 2014:

	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,793	$	35	$	23,186	$	18,764	$	68
Commercial real estate	17,662		17,453		132		21,303		30,644		327
Construction real estate:
SEPH commercial land and development	2,045		2,068		—		2,097		3,653		12
Remaining commercial	5,993		6,059		2		5,970		8,561		2
Residential real estate:
Commercial	24,370		24,560		240		23,640		27,765		255
Consumer	—		—		—		35		68		—
Total	$	69,224	$	69,933	$	409	$	76,231	$	89,455	$	664

	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,056	$	306	$	23,186	$	19,362	$	204
Commercial real estate	17,662		17,857		418		21,303		35,458		862
Construction real estate:
SEPH commercial land and development	2,045		2,073		8		2,097		4,130		134
Remaining commercial	5,993		5,771		13		5,970		9,587		56
Residential real estate:
Commercial	24,370		24,784		768		23,640		29,632		825
Consumer	—		—		—		35		521		—
Total	$	69,224	$	69,541	$	1,513	$	76,231	$	98,690	$	2,081

Aging Of Recorded Investment In Past Due Loans

The following tables present the aging of the recorded investment in past due loans as of September 30, 2015 and December 31, 2014 by class of loan.

	September 30, 2015
(In thousands)	Accruing loans past due 30-89 days		Past due  nonaccrual loans and loans past due 90 days or more and  accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	213	$	3,619	$	3,832	$	908,671	$	912,503
Commercial real estate	917		796		1,713		1,094,104		1,095,817
Construction real estate:
SEPH commercial land and development	—		2,043		2,043		26		2,069
Remaining commercial	40		84		124		116,142		116,266
Mortgage	77		8		85		35,547		35,632
Installment	81		78		159		6,622		6,781
Residential real estate:
Commercial	257		18,292		18,549		394,628		413,177
Mortgage	10,064		9,295		19,359		1,198,702		1,218,061
HELOC	796		153		949		213,294		214,243
Installment	240		535		775		23,601		24,376
Consumer	9,716		3,109		12,825		959,710		972,535
Leases	—		—		—		3,104		3,104
Total loans	$	22,401	$	38,012	$	60,413	$	4,954,151	$	5,014,564

* Includes $1.6 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

	December 31, 2014
(in thousands)	Accruing loans past due 30-89 days		Past due nonaccrual  loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	6,482	$	7,508	$	13,990	$	845,763	$	859,753
Commercial real estate	808		8,288		9,096		1,064,087		1,073,183
Construction real estate:
SEPH commercial land and development	—		2,068		2,068		127		2,195
Remaining commercial	166		77		243		115,196		115,439
Mortgage	39		68		107		31,113		31,220
Installment	21		25		46		7,299		7,345
Residential real estate:
Commercial	250		19,592		19,842		398,808		418,650
Mortgage	11,146		10,637		21,783		1,169,474		1,191,257
HELOC	262		387		649		217,069		217,718
Installment	596		464		1,060		26,176		27,236
Consumer	11,304		3,818		15,122		881,005		896,127
Leases	—		—		—		3,188		3,188
Total loans	$	31,074	$	52,932	$	84,006	$	4,759,305	$	4,843,311

* Includes $2.7 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

Recorded Investment By Loan Grade

The tables below present the recorded investment by loan grade at September 30, 2015 and December 31, 2014 for all commercial loans:

	September 30, 2015
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	8,734	$	1,674	$	19,157	$	882,938	$	912,503
Commercial real estate *	14,676		5,317		17,662		1,058,162		1,095,817
Construction real estate:
SEPH commercial land and development	—		—		2,045		24		2,069
Remaining commercial	2,881		—		5,993		107,392		116,266
Residential real estate:
Commercial	2,490		2,035		24,370		384,282		413,177
Leases	—		—		—		3,104		3,104
Total commercial loans	$	28,781	$	9,026	$	69,227	$	2,435,902	$	2,542,936

 * Included within commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.

	December 31, 2014
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	1,874	$	1,201	$	19,123	$	837,555	$	859,753
Commercial real estate *	8,448		1,712		21,989		1,041,034		1,073,183
Construction real estate:
SEPH commercial land and development	—		—		2,078		117		2,195
Remaining commercial	3,349		57		5,609		106,424		115,439
Residential real estate:
Commercial	2,581		598		24,930		390,541		418,650
Leases	—		—		—		3,188		3,188
Total Commercial Loans	$	16,252	$	3,568	$	73,729	$	2,378,859	$	2,472,408

TDR Number Of Contracts Modified And Recorded Investment

The following tables detail the number of contracts modified as TDRs during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, as well as the recorded investment of these contracts at September 30, 2015 and September 30, 2014. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically provide for forgiveness of principal.

	Three Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	8	$	245	$	3,818	$	4,063
Commercial real estate	5	—		1,512		1,512
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	1	200		—		200
Mortgage	9	—		748		748
HELOC	5	16		31		47
Installment	1	—		4		4
Consumer	61	51		412		463
Total loans	91	$	708	$	6,525	$	7,233

	Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	14	$	776	$	1,025	$	1,801
Commercial real estate	2	—		622		622
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	2	—		312		312
Mortgage	11	508		356		864
HELOC	2	—		29		29
Installment	3	133		9		142
Consumer	87	415		344		759
Total loans	121	$	1,832	$	2,697	$	4,529

Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2015, $160,000 were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2014, $205,000 were on nonaccrual status as of December 31, 2013.

	Nine Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	33	$	1,014	$	5,168	$	6,182
Commercial real estate	11	—		2,525		2,525
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	1	—		20		20
Installment	—	—		—		—
Residential real estate:
Commercial	10	200		1,144		1,344
Mortgage	24	325		1,199		1,524
HELOC	21	242		105		347
Installment	4	—		36		36
Consumer	217	71		748		819
Total loans	322	$	2,048	$	10,945	$	12,993

	Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	24	$	776	$	1,065	$	1,841
Commercial real estate	8	—		905		905
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	2	—		207		207
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	4	—		333		333
Mortgage	31	749		1,104		1,853
HELOC	7	93		195		288
Installment	9	228		12		240
Consumer	246	726		460		1,186
Total loans	331	$	2,572	$	4,281	$	6,853

Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2015, $1.0 million were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2014, $1.0 million were on nonaccrual status as of December 31, 2013.

Recorded Investment In Financing Receivable Modified As TDR Within 12 Months

The following tables present the recorded investment in financing receivables which were modified as TDRs within the previous 12 months and for which there was a payment default during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, respectively. For these tables, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.

	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	3	$	62
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		18	1,205
HELOC	—	—		1	166
Installment	1	28		2	115
Consumer	50	310		54	486
Leases	—	—		—	—
Total loans	72	$	2,664	80	$	2,228

Of the $2.7 million in modified TDRs which defaulted during the three months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.2 million in modified TDRs which defaulted during the three months ended September 30, 2014, $160,000 were accruing loans and $2.1 million were nonaccrual loans.

	Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	4	$	111
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		21	1,354
HELOC	—	—		1	166
Installment	1	28		3	118
Consumer	55	356		65	564
Leases	—	—		—	—
Total loans	77	$	2,710	96	$	2,507

Of the $2.7 million in modified TDRs which defaulted during the nine months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.5 million in modified TDRs which defaulted during the nine months ended September 30, 2014, $261,000 were accruing loans and $2.2 million were nonaccrual loans.

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Investment in Qualified Affordable Housing (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noninterest Expense	$ 47,429	$ 44,972	$ 137,816	$ 136,992
Income Tax Expense (Benefit)	8,033	8,363	24,433	25,801
Affordable Housing Program Assessments	1,700	1,700	5,200
Net Income	20,040	18,269	60,123	59,656
Other Assets	11,114		11,114		$ 14,645
Assets	7,300,340	7,011,255	7,300,340	7,011,255	7,001,199
Retained earnings	501,145		501,145		484,484
Affordable Housing Program Obligation	21,339		21,339		16,629
Affordable Housing Tax Credits and Other Tax Benefits, Amount	2,300	2,200	6,800	6,600
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	715,803		715,803		696,541
Other Assets [Member] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other Assets					140,803
Other Assets [Member] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other Assets					138,746
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Income			60,123	59,656
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	501,145	474,913	501,145	474,913	486,541	$ 460,643
Retained Earnings [Member] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings					486,541
Retained Earnings [Member] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings					484,484
Assets [Member] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets					7,003,256
Assets [Member] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets					7,001,199
Equity [Member] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest					698,598
Equity [Member] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest					696,541
Qualified Affordable Housing [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity Method Investments	$ 52,731		$ 52,731		48,911
Qualified Affordable Housing [Domain] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity Method Investments					45,400
Other Income [Member] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noninterest Expense		46,903		142,797	195,234
Other Income [Member] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noninterest Expense		44,972		136,992	187,510
Income Tax Expense [Member] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income Tax Expense (Benefit)		6,398		19,903	28,602
Income Tax Expense [Member] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income Tax Expense (Benefit)		8,363		25,801	36,459
Net Income [Domain] | Scenario, Previously Reported [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Income		18,303		59,749	84,090
Net Income [Domain] | Restatement Adjustment [Member] | Investment, Name [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Income		$ 18,269		$ 59,656	$ 83,957

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Investment in Qualified Affordable Housing (Tables)

9 Months Ended

Sep. 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 September 30, 2015 and December 31, 2014.

(in thousands)	September 30, 2015		December 31, 2014
Affordable housing tax credit investments	$	52,731	$	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 (which included $45.4 million of affordable housing tax credit investments)	$	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 September 30, 2014		9 months ended September 30, 2014		12 months ended December 31, 2014
Total other expense
As previously reported	$	46,903	$	142,797	$	195,234
As reported under the new guidance	44,972		136,992		187,510
Income tax expense
As previously reported	$	6,398	$	19,903	$	28,602
As reported under the new guidance	8,363		25,801		36,459
Net income
As previously reported	$	18,303	$	59,749	$	84,090
As reported under the new guidance	18,269		59,656		83,957

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Share Based Compensation (Notes)

9 Months Ended

Sep. 30, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

Share-Based Compensation

The Park National Corporation 2013 Long-Term Incentive Plan (the "2013 Incentive Plan") was adopted by the Board of Directors of Park on January 28, 2013 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 22, 2013. The 2013 Incentive Plan makes equity-based awards and cash-based awards available for grant to participants in the form of incentive stock options, nonqualified stock options, stock appreciation rights, restricted common shares, restricted stock unit awards that may be settled in common shares, cash or a combination of the two, unrestricted common shares and cash-based awards. Under the 2013 Incentive Plan, 600,000 common shares are authorized to be issued and delivered in connection with grants under the 2013 Incentive Plan. The common shares to be issued and delivered under the 2013 Incentive Plan may consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. No awards may be made under the 2013 Incentive Plan after April 22, 2023. At September 30, 2015, 534,250 common shares were available for future grants under the 2013 Incentive Plan.

On January 24, 2014, the Compensation Committee of the Board of Directors of Park granted awards of an aggregate of 21,975 performance-based restricted stock units (“PBRSUs”) to certain employees of Park, which grants were effective on January 24, 2014. On January 2, 2015, the Compensation Committee of the Board of Directors of Park granted awards of an aggregate of 23,025 PBRSUs to certain employees of Park, which grants were effective on January 2, 2015. The number of PBRSUs earned or settled will depend on certain performance conditions and are also subject to service-based vesting.

Share-based compensation expense of $234,000 and $135,000 was recognized for the three-month periods ended September 30, 2015 and 2014, respectively. Share-based compensation expense of $704,000 and $355,000 was recognized for the nine-month periods ended September 30, 2015 and 2014, respectively. Park expects to recognize additional share-based compensation expense of approximately $885,000 through the first quarter of 2018 related to PBRSUs granted in 2014 and approximately $1.4 million through the first quarter of 2019 related to PBRSUs granted in 2015.