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Segment Information
 12 Months Ended
Dec. 31, 2017
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, PNB (headquartered in Newark, Ohio), SEPH and GFSC.

GAAP requires management 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 a company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park’s current operating segments are in line with GAAP 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 year ended December 31, 2017 (In thousands)
 
 
PNB
 
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income
 
$
235,243

 
 
$
5,839

 
$
2,089

 
$
588

 
$
243,759

Provision for (recovery of) loan losses
 
9,898

 
 
1,917

 
(3,258
)
 
—

 
8,557

Other income
 
77,126

 
 
40

 
404

 
3,065

 
80,635

Other expense
 
180,275

 
 
3,036

 
5,252

 
8,805

 
197,368

Income (loss) before taxes
 
122,196

 
 
926

 
499

 
(5,152
)
 
118,469

Income taxes (benefit)
 
34,881

 
 
666

 
1,375

 
(2,695
)
 
34,227

Net income (loss)
 
$
87,315

 
 
$
260

 
$
(876
)
 
$
(2,457
)
 
$
84,242

Balances at December 31, 2017
Assets
 
$
7,467,851

 
 
$
32,077

 
$
24,902

 
$
12,790

 
$
7,537,620

Loans
 
5,339,255

 
 
33,385

 
10,891

 
(11,048
)
 
5,372,483

Deposits
 
5,896,676

 
 
3,449

 
—

 
(82,799
)
 
5,817,326

Operating results for the year ended December 31, 2016 (In thousands)
 
 
PNB
 
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (loss)
 
$
227,576

 
 
$
5,874

 
$
4,774

 
$
(138
)
 
$
238,086

Provision for (recovery of) loan losses
 
2,611

 
 
1,887

 
(9,599
)
 
—

 
(5,101
)
Other income (loss)
 
74,803

 
 
(1
)
 
2,974

 
955

 
78,731

Other expense
 
177,562

 
 
4,457

 
7,273

 
9,731

 
199,023

Income (loss) before taxes
 
122,206

 
 
(471
)
 
10,074

 
(8,914
)
 
122,895

Income taxes (benefit)
 
37,755

 
 
(164
)
 
3,526

 
(4,357
)
 
36,760

Net income (loss)
 
$
84,451

 
 
$
(307
)
 
$
6,548

 
$
(4,557
)
 
$
86,135

Balances at December 31, 2016
Assets
 
$
7,389,538

 
 
$
32,268

 
$
25,342

 
$
20,438

 
$
7,467,586

Loans
 
5,234,828

 
 
32,661

 
12,354

 
(7,986
)
 
5,271,857

Deposits
 
5,630,199

 
 
3,809

 
—

 
(112,052
)
 
5,521,956

Operating results for the year ended December 31, 2015 (In thousands)
 
 
PNB
 
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (loss)
 
$
220,879

 
 
$
6,588

 
$
(74
)
 
$
239

 
$
227,632

Provision for (recovery of) loan losses
 
7,665

 
 
1,415

 
(4,090
)
 
—

 
4,990

Other income
 
75,188

 
 
2

 
1,848

 
513

 
77,551

Other expense
 
167,476

 
 
2,984

 
6,182

 
9,972

 
186,614

Income (loss) before taxes
 
120,926

 
 
2,191

 
(318
)
 
(9,220
)
 
113,579

Income taxes (benefit)
 
36,581

 
 
768

 
(111
)
 
(4,671
)
 
32,567

Net income (loss)
 
$
84,345

 
 
$
1,423

 
$
(207
)
 
$
(4,549
)
 
$
81,012

Balances at December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Assets
 
$
7,229,764

 
 
$
35,793

 
$
33,541

 
$
12,256

 
$
7,311,354

Loans
 
5,029,072

 
 
35,469

 
15,153

 
(11,609
)
 
5,068,085

Deposits
 
5,447,293

 
 
4,627

 
—

 
(104,278
)
 
5,347,642



The following is a reconciliation of financial information for the reportable segments to the Corporation’s consolidated totals:
 
 
 
2017
(In thousands)
 
Net Interest Income
 
Depreciation Expense
 
Other Expense
 
Income Taxes
 
Assets
 
Deposits
Totals for reportable segments
 
$
243,171

 
$
8,644

 
$
179,919

 
$
36,922

 
$
7,524,830

 
$
5,900,125

Elimination of intersegment items
 
1,500

 
—

 
—

 
—

 
(14,679
)
 
(82,799
)
Parent Co. totals - not eliminated
 
(912
)
 
—

 
8,805

 
(2,695
)
 
27,469

 
—

Totals
 
$
243,759

 
$
8,644

 
$
188,724

 
$
34,227

 
$
7,537,620

 
$
5,817,326

 
 
 
2016
(In thousands)
 
Net Interest Income
 
Depreciation Expense
 
Other Expense
 
Income Taxes
 
Assets
 
Deposits
Totals for reportable segments
 
$
238,224

 
$
8,396

 
$
180,896

 
$
41,117

 
$
7,447,148

 
$
5,634,008

Elimination of intersegment items
 
2,164

 
—

 
—

 
—

 
(9,204
)
 
(112,052
)
Parent Co. totals - not eliminated
 
(2,302
)
 
—

 
9,731

 
(4,357
)
 
29,642

 
—

Totals
 
$
238,086

 
$
8,396

 
$
190,627

 
$
36,760

 
$
7,467,586

 
$
5,521,956

 
 
 
2015
(In thousands)
 
Net Interest Income
 
Depreciation Expense
 
Other Expense
 
Income Taxes
 
Assets
 
Deposits
Totals for reportable segments
 
$
227,393

 
$
7,347

 
$
169,295

 
$
37,238

 
$
7,299,098

 
$
5,451,920

Elimination of intersegment items
 
2,561

 
—

 
—

 
—

 
(13,557
)
 
(104,278
)
Parent Co. totals - not eliminated
 
(2,322
)
 
—

 
9,972

 
(4,671
)
 
25,813

 
—

Totals
 
$
227,632

 
$
7,347

 
$
179,267

 
$
32,567

 
$
7,311,354

 
$
5,347,642