Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

The Corporation is a financial holding company headquartered in Newark, Ohio. The reportable segments for the Corporation are its chartered national bank subsidiary, PNB (headquartered in Newark, Ohio), and GFSC. "All Other", which primarily consists of Park as the "Parent Company" and SEPH, is shown to reconcile the segment totals to the Consolidated Condensed Statements of Income.

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 two reportable segments, as: (i) discrete financial information is available for each reportable segment and (ii) the segments are aligned with internal reporting to Park’s Chief Executive Officer, who is the chief operating decision maker.

	Operating Results for the three months ended March 31, 2020
(In thousands)	PNB		GFSC		All Other		Total
Net interest income (expense)	$	75,214	$	1,152	$	(83)	$	76,283
Provision for (recovery of) loan losses	5,534		277		(658)		5,153
Other income (loss)	23,481		32		(1,027)		22,486
Other expense	61,368		765		4,143		66,276
Income (loss) before income taxes	$	31,793	$	142	$	(4,595)	$	27,340
Income tax expense (benefit)	5,885		30		(947)		4,968
Net income (loss)	$	25,908	$	112	$	(3,648)	$	22,372
Assets (at March 31, 2020)	$	8,673,683	$	24,354	$	21,254	$	8,719,291

	Operating Results for the three months ended March 31, 2019
(In thousands)	PNB		GFSC		All Other		Total
Net interest income	$	66,282	$	1,325	$	169	$	67,776
Provision for (recovery of) loan losses	2,440		145		(87)		2,498
Other income	20,708		32		1,285		22,025
Other expense	51,974		845		4,008		56,827
Income (loss) before income taxes	$	32,576	$	367	$	(2,467)	$	30,476
Income tax expense (benefit)	5,884		80		(943)		5,021
Net income (loss)	$	26,692	$	287	$	(1,524)	$	25,455
Assets (at March 31, 2019)	$	7,801,148	$	30,238	$	20,860	$	7,852,246

The operating results in the “All Other” column are used to reconcile the segment totals to the Consolidated Condensed Statements of Income for the three-month periods ended March 31, 2020 and 2019. The reconciling amounts for consolidated total assets for the periods ended March 31, 2020 and 2019 consisted of the elimination of intersegment borrowings and the assets of the Parent Company and SEPH which were not eliminated.