Segment Information

3 Months Ended

Mar. 31, 2022

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, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	79,372	$	(1,686)	$	77,686
Recovery of credit losses	(4,547)		(58)		(4,605)
Other income	31,247		409		31,656
Other expense	64,216		3,157		67,373
Income (loss) before income taxes	$	50,950	$	(4,376)	$	46,574
Income tax expense (benefit)	9,482		(1,783)		7,699
Net income (loss)	$	41,468	$	(2,593)	$	38,875
Assets (at March 31, 2022)	$	9,544,545	$	31,807	$	9,576,352

 

	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

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, 2022 and 2021. The reconciling amounts for consolidated total assets for the periods ended March 31, 2022 and 2021 consisted of the elimination of intersegment borrowings and the assets of the Parent Company, GFSC and SEPH which were not eliminated.