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Segment Information
 12 Months Ended
Dec. 31, 2018
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 PNB, 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, 2018 (In thousands)
 
 
PNB
 
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income
 
$
258,547

 
 
$
5,048

 
$
2,611

 
$
692

 
$
266,898

Provision for (recovery of) loan losses
 
7,569

 
 
1,328

 
(952
)
 
—

 
7,945

Other income
 
88,981

 
 
187

 
5,900

 
6,033

 
101,101

Other expense
 
206,843

 
 
3,245

 
4,049

 
14,618

 
228,755

Income (loss) before income taxes
 
133,116

 
 
662

 
5,414

 
(7,893
)
 
131,299

Income tax expense (benefit)
 
23,644

 
 
141

 
1,137

 
(4,010
)
 
20,912

Net income (loss)
 
$
109,472

 
 
$
521

 
$
4,277

 
$
(3,883
)
 
$
110,387

Balances at December 31, 2018
Assets
 
$
7,753,848

 
 
$
31,388

 
$
8,428

 
$
10,644

 
$
7,804,308

Loans
 
5,671,173

 
 
32,664

 
1,636

 
(13,341
)
 
5,692,132

Deposits
 
6,334,796

 
 
4,142

 
—

 
(78,078
)
 
6,260,860


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
 
82,742

 
 
103

 
519

 
3,065

 
86,429

Other expense
 
185,891

 
 
3,099

 
5,367

 
8,805

 
203,162

Income (loss) before income taxes
 
122,196

 
 
926

 
499

 
(5,152
)
 
118,469

Income tax expense (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
 
79,959

 
 
57

 
3,068

 
955

 
84,039

Other expense
 
182,718

 
 
4,515

 
7,367

 
9,731

 
204,331

Income (loss) before income taxes
 
122,206

 
 
(471
)
 
10,074

 
(8,914
)
 
122,895

Income tax expense (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



The following is a reconciliation of financial information for the reportable segments to the Corporation’s consolidated totals:
 
 
 
2018
(In thousands)
 
Net Interest Income
 
Depreciation Expense
 
Other Expense
 
Income Taxes
 
Assets
 
Deposits
Totals for reportable segments
 
$
266,206

 
$
8,585

 
$
205,552

 
$
24,922

 
$
7,793,664

 
$
6,338,938

Elimination of intersegment items
 
1,275

 
—

 
—

 
—

 
(16,521
)
 
(78,078
)
Parent Co. totals - not eliminated
 
(583
)
 
—

 
14,618

 
(4,010
)
 
27,165

 
—

Totals
 
$
266,898

 
$
8,585

 
$
220,170

 
$
20,912

 
$
7,804,308

 
$
6,260,860

 
 
 
2017
(In thousands)
 
Net Interest Income
 
Depreciation Expense
 
Other Expense
 
Income Taxes
 
Assets
 
Deposits
Totals for reportable segments
 
$
243,171

 
$
8,644

 
$
185,713

 
$
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

 
$
194,518

 
$
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

 
$
186,204

 
$
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

 
$
195,935

 
$
36,760

 
$
7,467,586

 
$
5,521,956