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Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Corporation is a financial holding company headquartered in Newark, Ohio. The operating segments for the Corporation are its chartered national bank subsidiary, The Park National Bank (headquartered in Newark, Ohio) (“PNB”), SE Property Holdings, LLC (“SEPH”), and Guardian Financial Services Company (“GFSC”).
 
Management is required to disclose information about the different types of business activities in which a company engages and also information on the different economic environments in which a company operates, so that the users of the financial statements can better understand the company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park has three operating segments, as: (i) discrete financial information is available for each operating segment and (ii) the segments are aligned with internal reporting to Park’s Chief Executive Officer and President, who is the chief operating decision maker.

 
 
Operating Results for the three months ended June 30, 2016
(In thousands)
 
PNB
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (loss)
 
$
56,006

 
$
1,440

 
$
71

 
$
(32
)
 
$
57,485

Provision for (recovery of) loan losses
 
1,362

 
1,444

 
(169
)
 
—

 
2,637

Other income
 
18,508

 
—

 
112

 
116

 
18,736

Other expense (income)
 
42,731

 
(966
)
 
1,332

 
2,209

 
45,306

Income (loss) before income taxes
 
$
30,421

 
$
962

 
$
(980
)
 
$
(2,125
)
 
$
28,278

Federal income taxes (benefit)
 
9,343

 
336

 
(343
)
 
(1,056
)
 
8,280

Net income (loss)
 
$
21,078

 
$
626

 
$
(637
)
 
$
(1,069
)
 
$
19,998

 
 
 
 
 
 
 
 
 
 
 
Assets (as of June 30, 2016)
 
$
7,351,293

 
$
32,546

 
$
32,822

 
$
14,949

 
$
7,431,610

 
 
 
Operating Results for the three months ended June 30, 2015
(In thousands)
 
PNB
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (expense)
 
$
54,766

 
$
1,679

 
$
(14
)
 
$
84

 
$
56,515

Provision for (recovery of) loan losses
 
2,720

 
309

 
(1,417
)
 
—

 
1,612

Other income (loss)
 
18,720

 
(1
)
 
327

 
145

 
19,191

Other expense
 
39,586

 
759

 
2,385

 
1,937

 
44,667

Income (loss) before income taxes
 
$
31,180

 
$
610

 
$
(655
)
 
$
(1,708
)
 
$
29,427

Federal income taxes (benefit)
 
9,847

 
203

 
(229
)
 
(1,433
)
 
8,388

Net income (loss)
 
$
21,333

 
$
407

 
$
(426
)
 
$
(275
)
 
$
21,039

 
 
 
 
 
 
 
 
 
 
 
Assets (as of June 30, 2015)
 
$
7,223,801

 
$
37,124

 
$
38,873

 
$
9,771

 
$
7,309,569


 
 
Operating Results for the six months ended June 30, 2016
(in thousands)
 
PNB
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (expense)
 
$
113,161

 
$
2,944

 
$
1,232

 
$
(33
)
 
$
117,304

Provision for (recovery of) loan losses
 
2,895

 
1,971

 
(1,319
)
 
—

 
3,547

Other income
 
35,731

 
—

 
146

 
248

 
36,125

Other expense
 
84,091

 
2,832

 
2,736

 
5,546

 
95,205

Income (loss) before income taxes
 
$
61,906

 
$
(1,859
)
 
$
(39
)
 
$
(5,331
)
 
$
54,677

Federal income taxes (benefit)
 
19,084

 
(649
)
 
(14
)
 
(2,428
)
 
15,993

Net income (loss)
 
$
42,822

 
$
(1,210
)
 
$
(25
)
 
$
(2,903
)
 
$
38,684


 
 
Operating Results for the six months ended June 30, 2015
(in thousands)
 
PNB
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (expense)
 
$
108,587

 
$
3,371

 
$
(102
)
 
$
194

 
$
112,050

Provision for (recovery of) loan losses
 
4,742

 
804

 
(2,302
)
 
—

 
3,244

Other income
 
36,732

 
1

 
1,087

 
244

 
38,064

Other expense
 
81,518

 
1,538

 
3,483

 
3,848

 
90,387

Income (loss) before income taxes
 
$
59,059

 
$
1,030

 
$
(196
)
 
$
(3,410
)
 
$
56,483

Federal income taxes (benefit)
 
18,567

 
342

 
(68
)
 
(2,441
)
 
16,400

Net income (loss)
 
$
40,492

 
$
688

 
$
(128
)
 
$
(969
)
 
$
40,083




The operating results of the Parent Company in the “All Other” column are used to reconcile the segment totals to the consolidated condensed statements of income for the three-month and six-month periods ended June 30, 2016 and 2015. The reconciling amounts for consolidated total assets for the periods ended June 30, 2016 and 2015 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.