Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2020
(In thousands)	PNB		GFSC		All Other		Total
Net interest income	$	79,891	$	1,025	$	270	$	81,186
Provision for (recovery of) loan losses	12,883		27		(686)		12,224
Other income (loss)	31,009		62		(107)		30,964
Other expense	60,703		651		3,445		64,799
Income (loss) before income taxes	$	37,314	$	409	$	(2,596)	$	35,127
Income tax expense (benefit)	6,564		86		(1,028)		5,622
Net income (loss)	$	30,750	$	323	$	(1,568)	$	29,505
Assets (at June 30, 2020)	$	9,665,657	$	20,125	$	27,212	$	9,712,994

	Operating Results for the three months ended June 30, 2019
(In thousands)	PNB		GFSC		All Other		Total
Net interest income (expense)	$	74,893	$	1,217	$	(259)	$	75,851
Provision for (recovery of) loan losses	1,803		170		(54)		1,919
Other income	22,674		51		83		22,808
Other expense	60,014		891		9,287		70,192
Income (loss) before income taxes	$	35,750	$	207	$	(9,409)	$	26,548
Income tax expense (benefit)	6,368		44		(2,027)		4,385
Net income (loss)	$	29,382	$	163	$	(7,382)	$	22,163
Assets (at June 30, 2019)	$	8,607,583	$	29,222	$	20,648	$	8,657,453

	Operating Results for the six months ended June 30, 2020
(In thousands)	PNB		GFSC		All Other		Total
Net interest income	$	155,105	$	2,177	$	187	$	157,469
Provision for (recovery of) loan losses	18,417		304		(1,344)		17,377
Other income (loss)	54,490		94		(1,134)		53,450
Other expense	122,071		1,416		7,588		131,075
Income (loss) before income taxes	$	69,107	$	551	$	(7,191)	$	62,467
Income tax expense (benefit)	12,449		116		(1,975)		10,590
Net income (loss)	$	56,658	$	435	$	(5,216)	$	51,877

	Operating Results for the six months ended June 30, 2019
(In thousands)	PNB		GFSC		All Other		Total
Net interest income (expense)	$	141,175	$	2,542	$	(90)	$	143,627
Provision for (recovery of) loan losses	4,243		315		(141)		4,417
Other income	43,382		83		1,368		44,833
Other expense	111,988		1,736		13,295		127,019
Income (loss) before income taxes	$	68,326	$	574	$	(11,876)	$	57,024
Income tax expense (benefit)	12,252		124		(2,970)		9,406
Net income (loss)	$	56,074	$	450	$	(8,906)	$	47,618

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 and six-month periods ended June 30, 2020 and 2019. The reconciling amounts for

consolidated total assets for the periods ended June 30, 2020 and 2019 consisted of the elimination of intersegment borrowings and the assets of the Parent Company and SEPH which were not eliminated.