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.