Capital Ratios

12 Months Ended

Dec. 31, 2020

Banking Regulation, Total Capital [Abstract]

Capital Ratios

Capital Ratios

Financial institution regulators have established guidelines for minimum capital ratios for banks, thrifts and bank holding companies. During the first quarter of 2015, Park adopted the Basel III regulatory capital framework as approved by the federal banking agencies. The adoption of this framework modified the calculation of the various capital ratios, added an additional ratio, common equity tier 1, and revised the adequately and well-capitalized thresholds under the prompt corrective action regulations applicable to PNB. Additionally, under this framework, in order to avoid limitations on capital distributions, including dividend payments and stock repurchases, Park must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer was fully phased in at 2.50% on January 1, 2019. The following amount shown as the adequately capitalized ratio plus the capital conservation buffer includes the 2.50% buffer. The Federal Reserve Board also adopted requirements Park must maintain to be deemed "well-capitalized" and to remain a financial holding company.

Each of PNB and Park met all of the well-capitalized ratio guidelines applicable to it at December 31, 2020. The following table indicates the capital ratios for PNB and Park at December 31, 2020 and 2019.

	As of December 31, 2020
	Leverage		Tier 1 Risk-Based		Common Equity Tier 1		Total Risk-Based
PNB	8.59	%	10.66	%	10.66	%	12.16	%
Park	9.63	%	11.92	%	11.72	%	15.43	%
Adequately capitalized ratio	4.00	%	6.00	%	4.50	%	8.00	%
Adequately capitalized ratio plus capital conservation buffer	4.00	%	8.50	%	7.00	%	10.50	%
Well-capitalized ratio - PNB	5.00	%	8.00	%	6.50	%	10.00	%
Well-capitalized ratio - Park	N/A		6.00	%	N/A		10.00	%

	As of December 31, 2019
	Leverage		Tier 1 Risk-Based		Common Equity Tier 1		Total Risk-Based
PNB	8.62	%	11.05	%	11.05	%	12.25	%
Park	9.64	%	12.33	%	12.11	%	13.19	%
Adequately capitalized ratio	4.00	%	6.00	%	4.50	%	8.00	%
Adequately capitalized ratio plus capital conservation buffer	4.00	%	8.50	%	7.00	%	10.50	%
Well-capitalized ratio - PNB	5.00	%	8.00	%	6.50	%	10.00	%
Well-capitalized ratio - Park	N/A		6.00	%	N/A		10.00	%

The following table reflects various measures of capital for Park and PNB:

					To Be Adequately Capitalized				To Be Well-Capitalized
(In thousands)	Actual Amount		Ratio		Amount		Ratio		Amount		Ratio
At December 31, 2020
Total Risk-Based Capital (to risk-weighted assets)
PNB	$	891,585	12.16	%	$	586,764	8.00	%	$	733,455	10.00	%
Park	1,137,305		15.43	%	589,619		8.00	%	737,023		10.00	%
Tier 1 Risk-Based Capital (to risk-weighted assets)
PNB	$	782,148	10.66	%	$	440,073	6.00	%	$	586,764	8.00	%
Park	878,740		11.92	%	442,214		6.00	%	442,214		6.00	%
Leverage Ratio (to average total assets)
PNB	$	782,148	8.59	%	$	364,079	4.00	%	$	455,098	5.00	%
Park	878,740		9.63	%	365,143		4.00	%	N/A		N/A
Common Equity Tier 1 (to risk-weighted assets)
PNB	$	782,148	10.66	%	$	330,055	4.50	%	$	476,746	6.50	%
Park	863,740		11.72	%	331,661		4.50	%	N/A		N/A
At December 31, 2019
Total Risk-Based Capital (to risk-weighted assets)
PNB	$	810,880	12.25	%	$	529,480	8.00	%	$	661,850	10.00	%
Park	877,108		13.19	%	532,169		8.00	%	665,211		10.00	%
Tier 1 Risk-Based Capital (to risk-weighted assets)
PNB	$	731,071	11.05	%	$	397,110	6.00	%	$	529,480	8.00	%
Park	820,312		12.33	%	399,127		6.00	%	399,127		6.00	%
Leverage Ratio (to average total assets)
PNB	$	731,071	8.62	%	$	339,092	4.00	%	$	423,866	5.00	%
Park	820,312		9.64	%	340,412		4.00	%	N/A		N/A
Common Equity Tier 1 (to risk-weighted assets)
PNB	731,071		11.05	%	297,832		4.50	%	430,202		6.50	%
Park	805,312		12.11	%	299,345		4.50	%	N/A		N/A