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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
All of Park's revenue from contracts with customers within the scope of ASC 606 is recognized within "Other income" in the Consolidated Condensed Statements of Income.

The following table presents the Corporation's sources of other income by revenue stream and operating segment for the three-month and the six-month periods ended June 30, 2023 and June 30, 2022:

Three Months Ended
June 30, 2023
Revenue by Operating Segment (in thousands)PNBAll OtherTotal
Income from fiduciary activities
   Personal trust and agency accounts$2,571 $— $2,571 
   Employee benefit and retirement-related accounts2,467 — 2,467 
   Investment management and investment advisory agency accounts3,273 — 3,273 
   Other505 — 505 
Service charges on deposit accounts
    Non-sufficient funds (NSF) fees860 — 860 
    Demand deposit account (DDA) charges1,069 — 1,069 
    Other112 — 112 
Other service income (1)
    Credit card730 — 730 
    HELOC108 — 108 
    Installment35 — 35 
    Real estate1,510 — 1,510 
    Commercial256 — 256 
Debit card fee income6,830 — 6,830 
Bank owned life insurance income (2)
1,279 53 1,332 
ATM fees553 — 553 
Gain on sale of OREO, net12 — 12 
OREO valuation markup— — — 
Gain (loss) on equity securities, net (2)
189 (164)25 
Other components of net periodic pension benefit income (2)
1,857 36 1,893 
Miscellaneous (3)
875 (1)874 
Total other income$25,091 $(76)$25,015 
(1) Of the $2.6 million of aggregate revenue included within "Other service income", approximately $1.3 million was within the scope of ASC 606, with the remaining $1.3 million consisting primarily of certain residential real estate loan fees which were out of scope.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $0.9 million, all of which were within scope of ASC 606.
Three Months Ended
June 30, 2022
Revenue by Operating Segment (in thousands)PNBAll OtherTotal
Income from fiduciary activities
   Personal trust and agency accounts$2,764 $— $2,764 
   Employee benefit and retirement-related accounts2,471 — 2,471 
   Investment management and investment advisory agency accounts3,143 — 3,143 
   Other481 — 481 
Service charges on deposit accounts
    Non-sufficient funds (NSF) fees1,519 — 1,519 
    Demand deposit account (DDA) charges913 — 913 
    Other131 — 131 
Other service income (1)
    Credit card715 — 715 
    HELOC105 — 105 
    Installment45 — 45 
    Real estate3,274 — 3,274 
    Commercial301 500 801 
Debit card fee income6,731 — 6,731 
Bank owned life insurance income (2)
1,130 1,244 2,374 
ATM fees583 — 583 
Gain on sale of OREO, net4 — 4 
OREO valuation markup— — — 
Gain on equity securities, net (2)
41 668 709 
Other components of net periodic pension benefit income (2)
2,954 73 3,027 
Miscellaneous (3)
1,950 (547)1,403 
Total other income$29,255 $1,938 $31,193 
(1) Of the $4.9 million of aggregate revenue included within "Other service income", approximately $1.7 million was within the scope of ASC 606, with the remaining $3.2 million consisting primarily of certain residential real estate loan fees which were out of scope.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $1.4 million, all of which were within scope of ASC 606.
Six Months Ended
June 30, 2023
Revenue by Operating Segment (in thousands)PNBAll OtherTotal
Income from fiduciary activities
   Personal trust and agency accounts$5,075 $— $5,075 
   Employee benefit and retirement-related accounts4,939 — 4,939 
   Investment management and investment advisory agency accounts6,435 — 6,435 
   Other982 — 982 
Service charges on deposit accounts
    Non-sufficient funds (NSF) fees1,921 — 1,921 
    Demand deposit account (DDA) charges2,107 — 2,107 
    Other254 — 254 
Other service income (1)
    Credit card1,413 — 1,413 
    HELOC197 — 197 
    Installment84 — 84 
    Real estate2,965 — 2,965 
    Commercial542 135 677 
Debit card fee income13,287 — 13,287 
Bank owned life insurance income (2)
2,413 104 2,517 
ATM fees1,086 — 1,086 
Gain on sale of OREO, net3 — 3 
OREO valuation markup15 — 15 
Loss on equity securities, net (2)
(118)(262)(380)
Other components of net periodic pension benefit income (2)
3,714 72 3,786 
Miscellaneous (3)
2,039 — 2,039 
Total other income$49,353 $49 $49,402 
(1) Of the $5.3 million of aggregate revenue included within "Other service income", approximately $2.7 million was within the scope of ASC 606, with the remaining $2.6 million consisting primarily of certain residential real estate loan fees which were out of scope.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $2.0 million, all of which were within scope of ASC 606.
Six Months Ended
June 30, 2022
Revenue by Operating Segment (in thousands)PNBAll OtherTotal
Income from fiduciary activities
   Personal trust and agency accounts$5,270 $— $5,270 
   Employee benefit and retirement-related accounts5,031 — 5,031 
   Investment management and investment advisory agency accounts6,403 — 6,403 
   Other952 — 952 
Service charges on deposit accounts
    Non-sufficient funds (NSF) fees2,936 — 2,936 
    Demand deposit account (DDA) charges1,429 — 1,429 
    Other272 — 272 
Other service income (1)
    Credit card1,357 — 1,357 
    HELOC194 — 194 
    Installment88 — 88 
    Real estate6,993 — 6,993 
    Commercial655 472 1,127 
Debit card fee income12,857 — 12,857 
Bank owned life insurance income (2)
2,223 1,326 3,549 
ATM fees1,115 — 1,115 
Gain on sale of OREO, net4 — 4 
OREO valuation markup30 — 30 
Gain on equity securities, net (2)
2,260 802 3,062 
Other components of net periodic pension benefit income (2)
5,909 145 6,054 
Miscellaneous (3)
4,524 (398)4,126 
Total other income$60,502 $2,347 $62,849 
(1) Of the $9.8 million of aggregate revenue included within "Other service income", approximately $3.0 million was within the scope of ASC 606, with the remaining $6.8 million consisting primarily of certain residential real estate loan fees which were out of scope.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $4.1 million, all of which were within scope of ASC 606.

A description of Park's material revenue streams accounted for under ASC 606 follows:

Income from fiduciary activities (gross): Park earns fiduciary fee income and investment brokerage fees from its contracts with trust customers for various fiduciary and investment-related services. These fees are earned over time as the Company provides the contracted monthly and quarterly services and are generally assessed based on the market value of the trust assets.

Service charges on deposit accounts and ATM fees: The Corporation earns fees from the Corporation's deposit customers for transaction-based, account maintenance, and overdraft services. Fees for transaction-based services, which include services such as ATM use fees, stop payment charges, statement rendering fees, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are generally recognized at the end of the month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Other service income: Other service income includes income from (1) the sale and servicing of loans sold to the secondary market, (2) incentive income from third-party credit card issuers, and (3) loan customers for various loan-related activities and services. Income related to the sale and servicing of loans sold to the secondary market is included within "Other service income", but is not within the scope of ASC 606. Services that fall within the scope of ASC 606 are recognized as revenue when the Company satisfies the Company's performance obligation to the customer.
Debit card fee income: Park earns interchange fees from debit cardholder transactions conducted primarily through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, net of card network fees, concurrently with the transaction processing services provided to the cardholder.

Gain or loss on sale of OREO, net: The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of delivery of an executed deed. When Park finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the buyer's obligation under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.
OREO valuation markup: The Corporation records an OREO valuation markup immediately prior to the transfer of a loan to OREO when the fair market value of the property less costs to sell exceeds the principal balance of the loan.