Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

The Corporation is a financial holding company headquartered in Newark, Ohio. The reportable segment for the Corporation is its chartered national bank subsidiary, PNB (headquartered in Newark, Ohio). "All Other", which primarily consists of Park as the "Parent Company", GFSC 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 one reportable segment, as: (i) discrete financial information is available for this reportable segment and (ii) the segment is 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, 2021
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	82,086	$	(1,352)	$	80,734
Recovery of credit losses	(4,194)		(661)		(4,855)
Other income	32,800		1,289		34,089
Other expense	63,576		4,289		67,865
Income (loss) before income taxes	$	55,504	$	(3,691)	$	51,813
Income tax expense (benefit)	10,382		(1,400)		8,982
Net income (loss)	$	45,122	$	(2,291)	$	42,831
Assets (at March 31, 2021)	$	9,884,055	$	30,014	$	9,914,069

	Operating Results for the three months ended March 31, 2020
(In thousands)	PNB		All Other		Total
Net interest income	$	75,214	$	1,069	$	76,283
Provision for (recovery of) loan losses	5,534		(381)		5,153
Other income (loss)	23,481		(995)		22,486
Other expense	61,368		4,908		66,276
Income (loss) before income taxes	$	31,793	$	(4,453)	$	27,340
Income tax expense (benefit)	5,885		(917)		4,968
Net income (loss)	$	25,908	$	(3,536)	$	22,372
Assets (at March 31, 2020)	$	8,673,683	$	45,608	$	8,719,291

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, 2021 and 2020. The reconciling amounts for consolidated total assets for the periods ended March 31, 2021 and 2020 consisted of the elimination of intersegment borrowings and the assets of the Parent Company, GFSC and SEPH which were not eliminated.