10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.   20549

FORM 10-Q/A

(Amendment No.1)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR

15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2011

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR

15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 1-13006

Park National Corporation

(Exact name of registrant as specified in its charter)

Ohio	31-1179518
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

50 North Third Street, Newark, Ohio 43055

(Address of principal executive offices) (Zip Code)

(740) 349-8451

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨ No x

15,398,909 Common shares, no par value per share, outstanding at August 12, 2011.

EXPLANATORY NOTE

This Amendment No. 1 on Form 10-Q/A to Park National Corporation’s (“Park” or the “Company”) Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011, as filed with the Securities and Exchange Commission on August 15, 2011 (the “Form 10-Q”), is being filed solely to furnish Exhibit 101, the XBRL (eXtensible Business Reporting Language) interactive data files, to the Form 10-Q in accordance with Rule 405 (a)(2) of Regulation S-T.

Included as Exhibit 101 to this Amendment No. 1 on Form 10-Q/A is the following information formatted in XBRL: (i) the Consolidated Condensed Balance Sheets as of June 30, 2011 (unaudited) and December 31, 2010; (ii) the Consolidated Condensed Statements of Income for the three and six month periods ended June 30, 2011 and 2010 (unaudited); (iii) the Consolidated Condensed Statements of Changes in Stockholders’ Equity for the six months ended June 30, 2011 and 2010 (unaudited); (iv) the Consolidated Condensed Statements of Cash Flows for the six months ended June 30, 2011 and 2010 (unaudited); and (v) the Notes to Unaudited Consolidated Condensed Financial Statements.

No changes have been made to the Form 10-Q other than the furnishing of Exhibit 101 as described above.  This Amendment No. 1 on Form 10-Q/A speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-Q.

ITEM 6. EXHIBITS

3.1(a)	Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on March 24, 1992 (Incorporated herein by reference to Exhibit 3(a) to Park National Corporation’s Form 8-B, filed on May 20, 1992 (File No. 0-18772) (“Park’s Form 8-B”))
3.1(b)	Certificate of Amendment to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on May 6, 1993 (Incorporated herein by reference to Exhibit 3(b) to Park National Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 1993 (File No. 0-18772))
3.1(c)	Certificate of Amendment to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on April 16, 1996 (Incorporated herein by reference to Exhibit 3(a) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 1996 (File No. 1-13006))
3.1(d)	Certificate of Amendment by Shareholders to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on April 22, 1997 (Incorporated herein by reference to Exhibit 3(a)(1) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 1997 (File No. 1-13006) (“Park’s June 30, 1997 Form 10-Q”))

3.1(e)	Certificate of Amendment by Shareholders or Members as filed with the Secretary of State of the State of Ohio on December 18, 2008 in order to evidence the adoption by the shareholders of Park National Corporation on December 18, 2008 of an amendment to Article FOURTH of Park National Corporation’s Articles of Incorporation to authorize Park National Corporation to issue up to 200,000 preferred shares, without par value (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed December 19, 2008 (File No. 1-13006))
3.1(f)	Certificate of Amendment by Directors or Incorporators to Articles as filed with the Secretary of State of the State of Ohio on December 19, 2008, evidencing adoption of amendment by Board of Directors of Park National Corporation to Article FOURTH of Articles of Incorporation to establish express terms of Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value, of Park National Corporation (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed December 23, 2008 (File No. 1-13006))
3.1(g)	Certificate of Amendment by Shareholders or Members filed with the Secretary of State of the State of Ohio on April 18, 2011 in order to evidence the adoption by Park National Corporation’s shareholders of an amendment to Article SIXTH of Park National Corporation’s Articles of Incorporation in order to provide that shareholders do not have preemptive rights (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed April 19, 2011 (File No. 1-13006))
3.1 (h)	Articles of Incorporation of Park National Corporation (reflecting amendments through April 18, 2011) [for SEC reporting compliance purposes only – not filed with Ohio Secretary of State] (Incorporated herein by reference to Exhibit 3.1(h) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2011 (File No. 1-13006))
3.2(a)	Regulations of Park National Corporation (Incorporated herein by reference to Exhibit 3(b) to Park’s Form 8-B)
3.2(b)	Certified Resolution regarding Adoption of Amendment to Subsection 2.02(A) of the Regulations of Park National Corporation by Shareholders on April 21, 1997 (Incorporated herein by reference to Exhibit 3(b)(1) to Park’s June 30, 1997 Form 10-Q)
3.2(c)	Certificate Regarding Adoption of Amendments to Sections 1.04 and 1.11 of Park National Corporation’s Regulations by the Shareholders on April 17, 2006 (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed on April 18, 2006 (File No. 1-13006))
3.2(d)	Certificate Regarding Adoption by the Shareholders of Park National Corporation on April 21, 2008 of Amendment to Regulations to Add New Section 5.10 to Article Five (Incorporated herein by reference to Exhibit 3.2(d) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 (File No. 1-13006) (“Park’s March 31, 2008 Form 10-Q”))
3.2(e)	Regulations of Park National Corporation (reflecting amendments through April 21, 2008) [For purposes of SEC reporting compliance only] (Incorporated herein by reference to Exhibit 3.2(e) to Park’s March 31, 2008 Form 10-Q)
12	Computation of Ratios of Earnings to Fixed Charges and of Earnings to Fixed Charges and Preferred Share Dividends (Previously included as Exhibit 12 to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011 (File No. 1-13006), filed on August 15, 2011 (Park’s June 30, 2011 Form 10-Q))
31.1	Rule 13a – 14(a) / 15d – 14(a) Certifications (Principal Executive Officer) (Previously included as Exhibit 31.1 to Park’s June 30, 2011 Form 10-Q)
31.2	Rule 13a – 14(a) / 15d – 14(a) Certifications (Principal Financial Officer) (Previously included as Exhibit 31.2 to Park’s June 30, 2011 Form 10-Q)
32.1	Section 1350 Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (Principal Executive Officer) (Previously included as Exhibit 32.1 to Park’s June 30, 2011 Form 10-Q)
32.2	Section 1350 Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (Principal Financial Officer) (Previously included as Exhibit 32.2 to Park’s June 30, 2011 Form 10-Q)
101	The following information from Park’s June 30, 2011 Form 10-Q formatted in XBRL (eXtensible Business Reporting Language) pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Condensed Balance Sheets as of June 30, 2011 (unaudited) and December 31, 2010; (ii) the Consolidated Condenses Statements of Income for the three and six months ended June 30, 2011 and 2010 (unaudited); (iii) the Consolidated Condensed Statements of Changes in Stockholders’ Equity for the six months ended June 30, 2011 and 2010 (unaudited); (iv) the Consolidated Condensed Statements of Cash Flows for the six months ended June 30, 2011 and 2010 (unaudited); and (v) the Notes to Unaudited Consolidated Condensed Financial Statements.
	Pursuant to Rule 406T of Regulation S-T, the interactive data files included as Exhibit 101 are furnished and not deemed filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, and are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those Sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	PARK NATIONAL CORPORATION
Date:  September 2, 2011	By:	/s/ John W. Kozak
		John W. Kozak,
		Chief Financial Officer
		(Principal Financial Officer)

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Allowance For Loan Losses (Activity In The Allowance For Loan Losses) (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Allowance For Loan Losses
Beginning balance	$ 126,859	$ 119,674	$ 121,397	$ 116,717
Charge-offs	42,005	13,273	52,404	28,851
Recoveries	1,433	1,025	3,794	3,010
Net Charge-offs	40,572	12,248	48,610	25,841
Provision	23,900	13,250	37,400	29,800
Ending balance	$ 110,187	$ 120,676	$ 110,187	$ 120,676

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Consolidated Condensed Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data	Jun. 30, 2011	Dec. 31, 2010
Consolidated Condensed Balance Sheets
Amortized cost of securities available-for-sale	$ 1,107,211	$ 1,274,258
Fair value of securities held-to-maturity	786,222	686,114
Preferred stock shares authorized	200,000	200,000
Preferred stock shares issued	100,000	100,000
Preferred stock per share liquidation preference	$ 1,000	$ 1,000
Common stock no par value
Common stock shares authorized	20,000,000	20,000,000
Common stock shares issued	16,151,042	16,151,062
Treasury stock shares	752,129	752,128

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Consolidated Condensed Statements Of Income (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Interest and dividend income:
Interest and fees on loans	$ 65,862	$ 66,723	$ 131,316	$ 133,164
Interest and dividends on:
Obligations of U.S. Government, its agencies and other securities	18,960	20,263	38,013	40,738
Obligations of states and political subdivisions	92	204	241	421
Other interest income	8	52	14	121
Total interest and dividend income	84,922	87,242	169,584	174,444
Interest on deposits:
Demand and savings deposits	951	1,582	1,942	3,357
Time deposits	6,200	9,518	12,934	20,168
Interest on borrowings:
Short-term borrowings	193	302	460	646
Long-term debt	7,556	7,119	14,913	14,172
Total interest expense	14,900	18,521	30,249	38,343
Net interest income	70,022	68,721	139,335	136,101
Provision for loan losses	23,900	13,250	37,400	29,800
Net interest income after provision for loan losses	46,122	55,471	101,935	106,301
Other income:
Income from fiduciary activities	3,929	3,528	7,651	6,950
Service charges on deposit accounts	4,525	5,092	8,770	9,838
Other service income	2,734	3,476	5,035	6,458
Checkcard fee income	3,251	2,765	6,227	5,209
Bank owned life insurance income	1,228	1,254	2,457	2,470
ATM fees	682	832	1,336	1,597
OREO devaluations	(5,257)	(1,919)	(9,651)	(3,064)
Other	2,144	1,619	4,582	3,899
Total other income	13,236	16,647	26,407	33,357
Gain on sale of securities	15,362	3,515	21,997	11,819
Other expense:
Salaries and employee benefits	25,253	24,013	50,317	49,184
Occupancy expense	2,764	2,793	5,764	5,910
Furniture and equipment expense	2,785	2,564	5,442	5,196
Data processing fees	1,135	1,394	2,388	2,987
Professional fees and services	5,320	5,299	10,194	10,155
Amortization of intangibles	669	842	1,338	1,778
Marketing	728	946	1,351	1,848
Insurance	2,345	2,333	4,614	4,531
Communication	1,485	1,647	3,041	3,416
State taxes	488	838	945	1,683
Other expense	4,035	4,332	7,959	8,203
Total other expense	47,007	47,001	93,353	94,891
Income before income taxes	27,713	28,632	56,986	56,586
Income taxes	7,396	7,466	15,291	14,641
Net income	20,317	21,166	41,695	41,945
Preferred stock dividends and accretion	1,464	1,451	2,928	2,903
Net income available to common shareholders	$ 18,853	$ 19,715	$ 38,767	$ 39,042
Net income available to common shareholders
Basic	$ 1.22	$ 1.30	$ 2.52	$ 2.60
Diluted	$ 1.22	$ 1.30	$ 2.52	$ 2.60
Weighted average common shares outstanding
Basic	15,398,919	15,114,846	15,398,925	14,998,810
Diluted	15,399,593	15,114,846	15,401,506	14,998,810
Cash dividends declared	$ 0.94	$ 0.94	$ 1.88	$ 1.88

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Fair Value (Fair Value Of Financial Instruments) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Dec. 31, 2009
Cash and money market instruments, Carrying value	$ 217,116	$ 133,780	$ 201,545	$ 159,091
Cash and money market instruments, Fair value	217,116	133,780
Investment securities, Carrying value	1,892,708	1,971,092
Investment securities, Fair value	1,903,619	1,983,636
Accrued interest receivable, Carrying value	22,624	24,137
Accrued interest receivable, Fair value	22,624	24,137
Mortgage loans held for sale, carrying value	7,456	8,340
Mortgage loans held for sale, Fair value	7,456	8,340
Impaired loans carried at fair value, Carrying Value	97,608	111,257
Impaired loans carried at fair value, Fair value	97,608	111,257
Other loans, Carrying value	4,495,262	4,491,691
Other loans, Fair value	4,507,242	4,511,419
Net loans	4,600,326	4,611,288
Net loans, Fair value	4,612,306	4,631,016
Noninterest bearing checking accounts, Carrying value	984,160	937,719
Noninterest bearing checking accounts, Fair value	984,160	937,719
Interest bearing transactions accounts, Carrying value	1,485,383	1,283,159
Interest bearing transactions accounts, Fair value	1,485,383	1,283,159
Savings accounts, Carrying value	950,777	899,288
Savings accounts, Fair value	950,777	899,288
Time deposits, Carrying value	1,832,992	1,973,903
Time deposits, Fair value	1,843,327	1,990,163
Other, Carrying value	4,205	1,351
Other, Fair value	4,205	1,351
Total deposits	5,257,517	5,095,420
Total deposits , Fair value	5,267,852	5,111,680
Short-term borrowings, Carrying value	234,112	663,669
Short-term borrowings, Fair value	234,112	663,669
Long-term debt, Carrying value	821,202	636,733
Long-term debt, Fair value	889,068	699,080
Subordinated debentures/notes, Carrying value	75,250	75,250
Subordinated debentures/notes, Fair value	66,681	63,099
Accrued interest payable, Carrying value	5,732	6,123
Accrued interest payable, Fair value	5,732	6,123
Fair Value Swap [Member]
Interest rate swap, Carrying value	1,338	1,634
Swap, Fair value	1,338	1,634
Interest Rate Swap [Member]
Fair value swap, Carrying value	200	60
Swap, Fair value	$ 200	$ 60

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Earnings Per Common Share (Summary Of Computation Of Basic And Diluted Earnings Per Common Share) (Details) (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Earnings Per Common Share
Income available to common shareholders	$ 18,853	$ 19,715	$ 38,767	$ 39,042
Denominator for basic earnings per share (weighted average common shares outstanding)	15,398,919	15,114,846	15,398,925	14,998,810
Effect of dilutive options and warrants	674		2,581
Denominator for diluted earnings per share (weighted average common shares outstanding adjusted for the effect of dilutive options and warrants)	15,399,593	15,114,846	15,401,506	14,998,810
Basic earnings per common share	$ 1.22	$ 1.30	$ 2.52	$ 2.60
Diluted earnings per common share	$ 1.22	$ 1.30	$ 2.52	$ 2.60

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Participation In The U.S. Treasury Capital Purchase Program (CPP)

6 Months Ended

Jun. 30, 2011

Participation In The U.S. Treasury Capital Purchase Program (CPP)

Participation In The U.S. Treasury Capital Purchase Program (CPP)

Note 16 –Participation in the U.S. Treasury Capital Purchase Program (CPP)

On December 23, 2008, Park issued $100 million of cumulative perpetual preferred shares, with a liquidation preference of $1,000 per share (the "Senior Preferred Shares"). The Senior Preferred Shares constitute Tier 1 capital and rank senior to Park's common shares. The Senior Preferred Shares pay cumulative dividends at a rate of 5% per annum through February 14, 2014 and will reset to a rate of 9% per annum thereafter.  For the three and six month periods ended June 30, 2011, Park recognized a charge to retained earnings of $1.5 million and $2.9 million, respectively, representing the preferred stock dividend and accretion of the discount on the preferred stock, associated with Park's participation in the CPP.

As part of its participation in the CPP, Park also issued a warrant to the U.S. Treasury to purchase 227,376 common shares, which is equal to 15% of the aggregate amount of the Senior Preferred Shares purchased by the U.S. Treasury, having an exercise price of $65.97. The initial exercise price for the warrant and the market price for determining the number of common shares subject to the warrant were determined by reference to the market price of the common shares on the date the Company's application for participation in the CPP was approved by the U.S. Department of the Treasury (calculated on a 20-day trailing average). The warrant has a term of 10 years.

A company that participates in the CPP must adopt certain standards for compensation and corporate governance, established under the American Recovery and Reinvestment Act of 2009 (the "ARRA"), which amended and replaced the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 ("EESA") in their entirety, and the Interim Final Rule promulgated by the Secretary of the U.S. Treasury under 31 C.F.R. Part 30 (collectively, the "Troubled Asset Relief Program (TARP) Compensation Standards").  In addition, Park's ability to declare or pay dividends on or repurchase its common shares is partially restricted as a result of its participation in the CPP.

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Document And Entity Information	6 Months Ended
	Jun. 30, 2011	Aug. 12, 2011
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2
Entity Registrant Name	PARK NATIONAL CORP /OH/
Entity Central Index Key	0000805676
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		15,398,909

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Loans (Recorded Investment By Loan Grade) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Commercial, Financial, and Agricultural [Member] | 5 Rated [Member]
Commercial Loans	$ 18,067	$ 26,322
Commercial, Financial, and Agricultural [Member] | 6 Rated [Member]
Commercial Loans	12,540	11,447
Commercial, Financial, and Agricultural [Member] | Nonaccrual [Member]
Commercial Loans	24,008	19,276
Commercial, Financial, and Agricultural [Member] | Recorded Investment [Member]
Commercial Loans	758,419	740,788
Commercial, Financial, and Agricultural [Member] | Pass Rated [Member]
Commercial Loans	703,804	683,743
Commercial Real Estate [Member] | 5 Rated [Member]
Commercial Loans	57,223	57,394
Commercial Real Estate [Member] | 6 Rated [Member]
Commercial Loans	26,431	26,992
Commercial Real Estate [Member] | Nonaccrual [Member]
Commercial Loans	47,243	57,941
Commercial Real Estate [Member] | Recorded Investment [Member]
Commercial Loans	1,262,067	1,231,420
Commercial Real Estate [Member] | Pass Rated [Member]
Commercial Loans	1,131,170	1,089,093
Construction Real Estate [Member] | Vision Commercial Land And Development [Member] | 5 Rated [Member]
Commercial Loans	9,943	10,220
Construction Real Estate [Member] | Vision Commercial Land And Development [Member] | 6 Rated [Member]
Commercial Loans	4,803	7,941
Construction Real Estate [Member] | Vision Commercial Land And Development [Member] | Nonaccrual [Member]
Commercial Loans	47,761	87,424
Construction Real Estate [Member] | Vision Commercial Land And Development [Member] | Recorded Investment [Member]
Commercial Loans	111,289	171,616
Construction Real Estate [Member] | Vision Commercial Land And Development [Member] | Pass Rated [Member]
Commercial Loans	48,782	66,031
Construction Real Estate [Member] | Remaining Commercial [Member] | 5 Rated [Member]
Commercial Loans	8,495	14,021
Construction Real Estate [Member] | Remaining Commercial [Member] | 6 Rated [Member]
Commercial Loans	22,340	39,062
Construction Real Estate [Member] | Remaining Commercial [Member] | Nonaccrual [Member]
Commercial Loans	33,685	27,080
Construction Real Estate [Member] | Remaining Commercial [Member] | Recorded Investment [Member]
Commercial Loans	181,875	196,315
Construction Real Estate [Member] | Remaining Commercial [Member] | Pass Rated [Member]
Commercial Loans	117,355	116,152
Leases [Member] | 5 Rated [Member]
Commercial Loans
Leases [Member] | 6 Rated [Member]
Commercial Loans
Leases [Member] | Nonaccrual [Member]
Commercial Loans
Leases [Member] | Recorded Investment [Member]
Commercial Loans	2,312	2,663
Leases [Member] | Pass Rated [Member]
Commercial Loans	2,312	2,663
Residential Real Estate - Commercial [Member] | 5 Rated [Member]
Commercial Loans	22,779	29,206
Residential Real Estate - Commercial [Member] | 6 Rated [Member]
Commercial Loans	17,398	18,117
Residential Real Estate - Commercial [Member] | Nonaccrual [Member]
Commercial Loans	48,594	60,227
Residential Real Estate - Commercial [Member] | Recorded Investment [Member]
Commercial Loans	456,217	466,306
Residential Real Estate - Commercial [Member] | Pass Rated [Member]
Commercial Loans	367,446	358,756
5 Rated [Member]
Commercial Loans	116,507	137,163
6 Rated [Member]
Commercial Loans	83,512	103,559
Nonaccrual [Member]
Commercial Loans	201,291	251,948
Recorded Investment [Member]
Commercial Loans	2,772,179	2,809,108
Pass Rated [Member]
Commercial Loans	$ 2,370,869	$ 2,316,438

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Regulatory Update

6 Months Ended

Jun. 30, 2011

Regulatory Update

Regulatory Update

Note 19 – Regulatory Update

In a Current Report on Form 8-K filed on June 30, 2011, management reported that the Federal Deposit Insurance Corporation ("FDIC") and the Office of Financial Regulation ("OFR") had communicated their preliminary on-site examination findings to the management of Vision Bank. As reported in the June 30, 2011 Form 8-K, the FDIC and the OFR have taken exception to approximately $18 million in guarantor support underlying certain impaired commercial loans, which had been incorporated into our analysis of the allowance for loan losses at Vision Bank. On August 1, 2011, management of Vision Bank received the final report of examination from the OFR, which was consistent with the preliminary findings communicated to management at the on-site exit meeting.  Management still has the intention to appeal the findings from the FDIC and OFR when the report of examination is received from the FDIC.  It remains possible that management could be required to re-file the December 31, 2010 call report for Vision Bank if we are unsuccessful upon appeal. The amount of underlying guarantor support specific to the $18 million noted by the FDIC and the OFR has been reduced to $12.7 million at June 30, 2011.

The $18 million in guarantor support noted by the FDIC and the OFR constitutes the majority of the guarantor support that management had incorporated into the analysis of allowance for loan losses at December 31, 2010, which totaled $21.6 million.  The $21.6 million in total guarantor support at December 31, 2010, related to 25 individual credit relationships, has declined to $13.1 million at June 30, 2011.  The decline in guarantor support of $8.5 million during 2011 consists of the following: (1) cash payments received of approximately $2.1 million; (2) new appraisal information received in 2011 that resulted in increases in collateral values of approximately $1.0 million; and (3) charge-offs or additional specific reserves of approximately $5.4 million.

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Loans (Aging Of Recorded Investment In Past Due Loans) (Details) (USD $) In Thousands	Jun. 30, 2011		Dec. 31, 2010
Accruing loans past due 30-89 days	$ 41,574		$ 49,393
Past due nonaccrual loans and loans past due 90 days or more and accruing	158,261	[1]	209,546	[2]
Total loans past due	199,835		258,939
Total current	4,526,192		4,491,251
Total recorded investment	4,726,027		4,750,190
Loans past due 90 days or more and accruing	3,192		3,693
Commercial Real Estate [Member]
Accruing loans past due 30-89 days	3,106		9,521
Past due nonaccrual loans and loans past due 90 days or more and accruing	36,369	[1]	53,269	[2]
Total loans past due	39,475		62,790
Total current	1,222,592		1,168,630
Total recorded investment	1,262,067	[3]	1,231,420	[3]
Loans past due 90 days or more and accruing			20
Consumer [Member]
Accruing loans past due 30-89 days	9,313		11,204
Past due nonaccrual loans and loans past due 90 days or more and accruing	1,994	[1]	2,465	[2]
Total loans past due	11,307		13,669
Total current	642,881		656,447
Total recorded investment	654,188		670,116
Loans past due 90 days or more and accruing	629		1,059
Leases [Member]
Accruing loans past due 30-89 days			5
Total loans past due			5
Total current	2,312		2,658
Total recorded investment	2,312		2,663
Commercial, Financial And Agricultural [Member]
Accruing loans past due 30-89 days	6,007		2,247
Past due nonaccrual loans and loans past due 90 days or more and accruing	21,096	[1]	15,622	[2]
Total loans past due	27,103		17,869
Total current	731,316		722,919
Total recorded investment	758,419	[3]	740,788	[3]
Loans past due 90 days or more and accruing	25
Construction Real Estate - Vision Commercial Land And Development [Member]
Accruing loans past due 30-89 days	309		2,406
Past due nonaccrual loans and loans past due 90 days or more and accruing	41,860	[1]	65,130	[2]
Total loans past due	42,169		67,536
Total current	69,120		104,080
Total recorded investment	111,289	[3]	171,616	[3]
Construction Real Estate - Remaining Commercial [Member]
Accruing loans past due 30-89 days	99		141
Past due nonaccrual loans and loans past due 90 days or more and accruing	13,757	[1]	19,687	[2]
Total loans past due	13,856		19,828
Total current	168,019		176,487
Total recorded investment	181,875		196,315
Construction Real Estate - Mortgage [Member]
Accruing loans past due 30-89 days	402		479
Past due nonaccrual loans and loans past due 90 days or more and accruing			148	[2]
Total loans past due	402		627
Total current	21,034		25,794
Total recorded investment	21,436		26,421
Construction Real Estate - Installment [Member]
Accruing loans past due 30-89 days	393		235
Past due nonaccrual loans and loans past due 90 days or more and accruing	386	[1]	399	[2]
Total loans past due	779		634
Total current	15,784		12,547
Total recorded investment	16,563		13,181
Loans past due 90 days or more and accruing			13
Residential Real Estate - Commercial [Member]
Accruing loans past due 30-89 days	3,014		3,281
Past due nonaccrual loans and loans past due 90 days or more and accruing	18,461	[1]	26,845	[2]
Total loans past due	21,475		30,126
Total current	434,742		436,180
Total recorded investment	456,217		466,306
Loans past due 90 days or more and accruing	861
Residential Real Estate - Mortgage [Member]
Accruing loans past due 30-89 days	17,041		17,460
Past due nonaccrual loans and loans past due 90 days or more and accruing	22,893	[1]	24,422	[2]
Total loans past due	39,934		41,882
Total current	912,619		867,555
Total recorded investment	952,553		909,437
Loans past due 90 days or more and accruing	1,676		2,175
Residential Real Estate - HELOC [Member]
Accruing loans past due 30-89 days	770		1,396
Past due nonaccrual loans and loans past due 90 days or more and accruing	664	[1]	667	[2]
Total loans past due	1,434		2,063
Total current	254,393		259,414
Total recorded investment	255,827		261,477
Loans past due 90 days or more and accruing			149
Residential Real Estate - Installment [Member]
Accruing loans past due 30-89 days	1,120		1,018
Past due nonaccrual loans and loans past due 90 days or more and accruing	781	[1]	892	[2]
Total loans past due	1,901		1,910
Total current	51,380		58,540
Total recorded investment	53,281		60,450
Loans past due 90 days or more and accruing	$ 1		$ 277

[1] Includes $3.2 million of loans past due 90 days or more and accruing.

[2] Includes $3.6 million of loans past due 90 days or more and accruing.

[3] Included within commercial, financial and agricultural loans, commercial real estate loans, and Vision commercial land and development loans are an immaterial amount of consumer loans that are not broken out by class.

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Allowance For Loan Losses

6 Months Ended

Jun. 30, 2011

Allowance For Loan Losses

Allowance For Loan Losses

Note 5 – Allowance for Loan Losses

The allowance for loan losses is that amount management believes is adequate to absorb probable incurred credit losses in the loan portfolio based on management's evaluation of various factors including overall growth in the loan portfolio, an analysis of individual loans, prior and current loss experience, and current economic conditions. A provision for loan losses is charged to operations based on management's periodic evaluation of these and other pertinent factors as discussed within Note 1 of Park's 2010 Annual Report.

The activity in the allowance for loan losses for the three and six months ended June 30, 2011 and June 30, 2010 is summarized. As noted below, management included a reallocation of the beginning allowance for credit losses balance, which primarily impacted the commercial loan segments of the loan portfolio. At December 31, 2010, management's allowance calculation was performed in the aggregate for all commercial loans and then allocated across each segment of the commercial loan portfolio on a pro rata basis. During the first quarter of 2011, management determined that it would be more appropriate to perform the allowance calculation at the segment level and has provided an adjusted beginning balance for the allowance for credit losses in the six months ended June 30, 2011 table below.

	Three months ended June 30, 2011
	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
(In thousands)
Allowance for credit losses
Beginning balance:	$	11,791	$	22,574	$	53,672	$	31,553	$	7,265	$	4	$	126,859
Charge-offs		5,030		6,565		23,679		4,789		1,942		-		42,005
Recoveries		327		22		117		390		577		-		1,433
Net Charge-offs		4,703		6,543		23,562		4,399		1,365		-		40,572
Provision		5,519		6,439		5,170		4,951		1,821		-		23,900
Ending balance	$	12,607	$	22,470	$	35,280	$	32,105	$	7,721	$	4	$	110,187

	Six months ended June 30, 2011
	Commercial, financial and agricultural			Commercial real estate			Construction real estate		Residential real estate		Consumer			Leases			Total
(In thousands)
Allowance for credit losses
Beginning balance:	$	13,584		$	28,515		$	46,194	$	25,845	$	7,228		$	31		$	121,397
Reallocation of allowance		(1,888	)		(6,604	)		5,759		2,948		(189	)		(26	)		-
Adjusted beginning balance:		11,696			21,911			51,953		28,793		7,039			5			121,397
Charge-offs		5,764			8,350			27,099		7,276		3,915			-			52,404
Recoveries		896			824			213		891		967			3			3,794
Net Charge-offs		4,868			7,526			26,886		6,385		2,948			(3	)		48,610
Provision		5,779			8,085			10,213		9,697		3,630			(4	)		37,400
Ending balance	$	12,607		$	22,470		$	35,280	$	32,105	$	7,721		$	4		$	110,187

The activity in the allowance for loan losses for the three and six months ended June 30, 2010 is summarized as follows:

(In thousands)	Three months ended June 30, 2010		Six months ended June 30, 2010
Allowance for credit losses
Beginning balance:	$	119,674	$	116,717
Charge-offs		13,273		28,851
Recoveries		1,025		3,010
Net Charge-offs		12,248		25,841
Provision		13,250		29,800
Ending balance	$	120,676	$	120,676

The composition of the allowance for loan losses at June 30, 2011 and December 31, 2010 was as follows:

	June 30, 2011
	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
(In thousands)
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,265		$	9,213		$	15,372		$	4,960		$	-		$	-		$	32,810
Collectively evaluated for impairment		9,342			13,257			19,908			27,145			7,721			4			77,377
Total ending allowance balance	$	12,607		$	22,470		$	35,280		$	32,105		$	7,721		$	4		$	110,187
Loan Balance:
Loans individually evaluated for impairment	$	24,008		$	47,243		$	80,532		$	48,594		$	23		$	-		$	200,400
Loans collectively evaluated for impairment		731,785			1,210,049			249,800			1,664,974			651,227			2,278			4,510,113
Total ending loan balance	$	755,793		$	1,257,292		$	330,332		$	1,713,568		$	651,250		$	2,278		$	4,710,513
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment		13.60	%		19.50	%		19.09	%		10.21	%		-			-			16.37	%
Loans collectively evaluated for impairment		1.28	%		1.10	%		7.97	%		1.63	%		1.19	%		0.18	%		1.72	%
Total ending loan balance		1.67	%		1.79	%		10.68	%		1.87	%		1.19	%		0.18	%		2.34	%
Recorded Investment:
Loans individually evaluated for impairment	$	24,008		$	47,243		$	80,532		$	48,594		$	23		$	-		$	200,400
Loans collectively evaluated for impairment		734,411			1,214,824			250,631			1,669,284			654,165			2,312			4,525,627
Total ending loan balance	$	758,419		$	1,262,067		$	331,163		$	1,717,878		$	654,188		$	2,312		$	4,726,027

	December 31, 2010
	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
(In thousands)
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,028		$	10,001		$	26,387		$	4,043		$	-		$	-		$	43,459
Collectively evaluated for impairment		10,556			18,514			19,807			21,802			7,228			31			77,938
Total ending allowance balance	$	13,584		$	28,515		$	46,194		$	25,845		$	7,228		$	31		$	121,397
Reallocated allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,028		$	10,001		$	26,387		$	4,043		$	-		$	-		$	43,459
Collectively evaluated for impairment		8,668			11,910			25,566			24,750			7,039			5			77,938
Total ending allowance balance	$	11,696		$	21,911		$	51,953		$	28,793		$	7,039		$	5		$	121,397
Loan Balance:
Loans individually evaluated for impairment	$	19,205		$	57,930		$	113,571		$	60,227		$	-		$	-		$	250,933
Loans collectively evaluated for impairment		718,697			1,168,686			292,909			1,631,982			666,871			2,607			4,481,752
Total ending loan balance	$	737,902		$	1,226,616		$	406,480		$	1,692,209		$	666,871		$	2,607		$	4,732,685
Reallocated allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment		15.77	%		17.26	%		23.23	%		6.71	%		-			-			17.32	%
Loans collectively evaluated for impairment		1.21	%		1.02	%		8.73	%		1.52	%		1.06	%		0.19	%		1.74	%
Total ending loan balance		1.59	%		1.79	%		12.78	%		1.70	%		1.06	%		0.19	%		2.57	%
Recorded Investment:
Loans individually evaluated for impairment	$	19,205		$	57,930		$	113,571		$	60,227		$	-		$	-		$	250,933
Loans collectively evaluated for impairment		721,583			1,173,490			293,962			1,637,443			670,116			2,663			4,499,257
Total ending loan balance	$	740,788		$	1,231,420		$	407,533		$	1,697,670		$	670,116		$	2,663		$	4,750,190

Loans collectively evaluated for impairment above include all performing loans at June 30, 2011 and December 31, 2010, as well as nonperforming loans internally classified as consumer loans.  Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the allowance for loan losses.  Loans individually evaluated for impairment include all impaired loans internally classified as commercial loans at June 30, 2011 and December 31, 2010, which are evaluated for impairment in accordance with GAAP (see Note 1 of Park's 2010 Annual Report).

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Goodwill And Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2011

Goodwill And Intangible Assets

Schedule Of Activity In Goodwill And Core Deposit Intangibles

(in thousands)	Goodwill		Core Deposit Intangibles		Total
December 31, 2010	$	72,334	$	6,043	$	78,377
Amortization		-		1,338		1,338
June 30, 2011	$	72,334	$	4,705	$	77,039

Schedule Of Core Deposit Intangibles Amortization Expense

(in thousands)	Annual Amortization
Remainder of 2011	$	1,338
2012		2,677
2013		690
Total	$	4,705

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Loans (Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Nonaccrual loans	$ 238,690	$ 289,268
Restructured loans	34
Loans past due 90 days or more and accruing	3,192	3,693
Total nonperforming loans	241,916	292,961
Commercial Real Estate [Member]
Nonaccrual loans	47,243	57,941
Restructured loans
Loans past due 90 days or more and accruing		20
Total nonperforming loans	47,243	57,961
Consumer [Member]
Nonaccrual loans	1,926	1,911
Restructured loans
Loans past due 90 days or more and accruing	629	1,059
Total nonperforming loans	2,555	2,970
Leases [Member]
Restructured loans
Commercial, Financial And Agricultural [Member]
Nonaccrual loans	24,008	19,276
Restructured loans
Loans past due 90 days or more and accruing	25
Total nonperforming loans	24,033	19,276
Construction Real Estate - Vision Commercial Land And Development [Member]
Nonaccrual loans	47,761	87,424
Restructured loans
Total nonperforming loans	47,761	87,424
Construction Real Estate - Remaining Commercial [Member]
Nonaccrual loans	33,685	27,080
Restructured loans
Total nonperforming loans	33,685	27,080
Construction Real Estate - Mortgage [Member]
Nonaccrual loans		354
Restructured loans
Total nonperforming loans		354
Construction Real Estate - Installment [Member]
Nonaccrual loans	427	417
Restructured loans
Loans past due 90 days or more and accruing		13
Total nonperforming loans	427	430
Residential Real Estate - Commercial [Member]
Nonaccrual loans	48,594	60,227
Restructured loans
Loans past due 90 days or more and accruing	861
Total nonperforming loans	49,455	60,227
Residential Real Estate - Mortgage [Member]
Nonaccrual loans	32,459	32,479
Restructured loans	34
Loans past due 90 days or more and accruing	1,676	2,175
Total nonperforming loans	34,169	34,654
Residential Real Estate - HELOC [Member]
Nonaccrual loans	1,418	964
Restructured loans
Loans past due 90 days or more and accruing		149
Total nonperforming loans	1,418	1,113
Residential Real Estate - Installment [Member]
Nonaccrual loans	1,169	1,195
Restructured loans
Loans past due 90 days or more and accruing	1	277
Total nonperforming loans	$ 1,170	$ 1,472

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Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2011

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss) Components and Related Taxes

Six months ended June 30, (in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
2011:
Unrealized gains on available-for-sale securities	$	8,919		$	3,121		$	5,798
Reclassification adjustment for gains realized in net income		(21,997	)		(7,699	)		(14,298	)
Unrealized net holding gain on cash flow hedge		297			104			193
Other comprehensive loss	$	(12,781	)	$	(4,474	)	$	(8,307	)
2010:
Unrealized gains on available-for-sale securities	$	12,479		$	4,368		$	8,111
Reclassification adjustment for gains realized in net income		(11,819	)		(4,137	)		(7,682	)
Unrealized net holding loss on cash flow hedge		(324	)		(113	)		(211	)
Other comprehensive income	$	336		$	118		$	218

Three months ended June 30, (in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
2011:
Unrealized gains on available-for-sale securities	$	12,085		$	4,229		$	7,856
Reclassification adjustment for gains realized in net income		(15,362	)		(5,377	)		(9,985	)
Unrealized net holding gain on cash flow hedge		93			33			60
Other comprehensive loss	$	(3,184	)	$	(1,115	)	$	(2,069	)
2010:
Unrealized gains on available-for-sale securities	$	6,934		$	2,428		$	4,506
Reclassification adjustment for gains realized in net income		(3,515	)		(1,231	)		(2,284	)
Unrealized net holding loss on cash flow hedge		(153	)		(53	)		(100	)
Other comprehensive income	$	3,266		$	1,144		$	2,122

Component of Accumulated Other Comprehensive Income (Loss)

(in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
June 30, 2011:
Changes in pension plan assets and benefit obligations	$	(24,503	)	$	(8,576	)	$	(15,927	)
Unrealized gains on available-for-sale securities		10,186			3,565			6,621
Unrealized net holding loss on cash flow hedge		(1,337	)		(468	)		(869	)
Total accumulated other comprehensive loss	$	(15,654	)	$	(5,479	)	$	(10,175	)
December 31, 2010:
Changes in pension plan assets and benefit obligations	$	(24,503	)	$	(8,576	)	$	(15,927	)
Unrealized gains on available-for-sale securities		23,264			8,143			15,121
Unrealized net holding loss on cash flow hedge		(1,634	)		(572	)		(1,062	)
Total accumulated other comprehensive loss	$	(2,873	)	$	(1,005	)	$	(1,868	)
June 30, 2010:
Changes in pension plan assets and benefit obligations	$	(20,769	)	$	(7,269	)	$	(13,500	)
Unrealized gains on available-for-sale securities		47,006			16,452			30,554
Unrealized net holding loss on cash flow hedge		(1,807	)		(632	)		(1,175	)
Total accumulated other comprehensive income	$	24,430		$	8,551		$	15,879

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Sale Of Common Shares And Issuance Of Common Stock Warrants

6 Months Ended

Jun. 30, 2011

Sale Of Common Shares And Issuance Of Common Stock Warrants

Sale Of Common Shares And Issuance Of Common Stock Warrants

Note 18 — Sale of Common Shares and Issuance of Common Stock Warrants

No additional shares of common stock were issued during the three and six months ended June 30, 2011.  Outstanding as of June 30, 2011 were 35,992 Series B Common Share Warrants which were issued as part of the registered direct public offering completed on December 10, 2010.  The Series B Common Share Warrants have an exercise price of $76.41 and an expiration date of December 10, 2011.   The 35,992 Series A Common Share Warrants issued in December 2010 were not exercised and expired on June 10, 2011.

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Investment Securities

6 Months Ended

Jun. 30, 2011

Investment Securities

Investment Securities

Note 10 – Investment Securities

The amortized cost and fair values of investment securities are shown in the following table. Management performs a quarterly evaluation of investment securities for any other-than-temporary impairment. For the three and six months ended June 30, 2011 and June 30, 2010, there were no investment securities deemed to be other-than-temporarily impaired.

Investment securities at June 30, 2011, were as follows:
 

(in thousands)
June 30, 2011 Securities Available-for-Sale	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Estimated Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	308,300	$	1,754	$	1,399	$	308,655
Obligations of states and political subdivisions		4,996		113		-		5,109
U.S. Government sponsored entities asset-backed securities		792,977		12,374		3,427		801,924
Other equity securities		938		814		43		1,709
Total	$	1,107,211	$	15,055	$	4,869	$	1,117,397
June 30, 2011 Securities Held-to-Maturity	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Estimated Fair Value
Obligations of states and political subdivisions	$	2,077	$	5	$	-	$	2,082
U.S. Government sponsored entities asset-backed securities		773,234		16,083		5,177		784,140
Total	$	775,311	$	16,088	$	5,177	$	786,222

Management does not believe any of the unrealized losses at June 30, 2011 or December 31, 2010, represents an other-than-temporary impairment.  Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized within net income in the period the other-than-temporary impairment is identified.

Securities with unrealized losses at June 30, 2011, were as follows:

(in thousands)	Less than 12 months				12 months or longer				Total
June 30, 2011 Securities Available-for-Sale	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	74,936	$	1,399	$	-	$	-	$	74,936	$	1,399
U.S. Government sponsored entities asset-backed securities		407,954		3,427		-		-		407,954		3,427
Other equity securities		81		30		215		13		296		43
Total	$	482,971	$	4,856	$	215	$	13	$	483,186	$	4,869
June 30, 2011 Securities Held-to-Maturity
U.S. Government sponsored entities asset-backed securities	$	312,382	$	5,177	$	-	$	-	$	312,382	$	5,177

Investment securities at December 31, 2010, were as follows:

(in thousands)
December 31, 2010 Securities Available-for-Sale	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	272,301	$	2,968	$	1,956	$	273,313
Obligations of states and political subdivisions		10,815		281		52		11,044
U.S. Government sponsored entities asset-backed securities		990,204		30,633		9,425		1,011,412
Other equity securities		938		858		43		1,753
Total	$	1,274,258	$	34,740	$	11,476	$	1,297,522
December 31, 2010 Securities Held-to-Maturity	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
Obligations of states and political subdivisions	$	3,167	$	7	$	-	$	3,174
U.S. Government sponsored entities asset-backed securities		670,403		17,157		4,620		682,940
Total	$	673,570	$	17,164	$	4,620	$	686,114

Securities with unrealized losses at December 31, 2010, were as follows:

(in thousands)	Less than 12 months				12 months or longer				Total
December 31, 2010 Securities Available-for-Sale	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	74,379	$	1,956	$	-	$	-	$	74,379	$	1,956
Obligations of states and political   subdivisions		1,459		52						1,459		52
U.S. Government sponsored entities asset-backed securities		418,156		9,425		-		-		418,156		9,425
Other equity securities		74		29		221		14		295		43
Total	$	494,068	$	11,462	$	221	$	14	$	494,289	$	11,476
December 31, 2010 Securities Held-to-Maturity
U.S. Government sponsored entities asset-backed securities	$	297,584	$	4,620	$	-	$	-	$	297,584	$	4,620

Park's U.S. Government sponsored entities asset-backed securities consist primarily of 15-year residential mortgage-backed securities and collateralized mortgage obligations.

The amortized cost and estimated fair value of investments in debt securities at June 30, 2011, are shown in the following table by contractual maturity or the expected call date, except for asset-backed securities, which are shown as a single total, due to the unpredictability of the timing in principal repayments.

(in thousands)	Amortized cost		Fair value
Securities Available-for-Sale
U.S. Treasury and sponsored entities notes:
Due within one year	$	211,965	$	213,429
Due one through five years		-		-
Due five through ten years		96,335		95,226
Total	$	308,300	$	308,655
Obligations of states and political subdivisions:
Due within one year	$	3,695	$	3,712
Due one through five years		1,301		1,397
Total	$	4,996	$	5,109
U.S. Government sponsored entities asset-backed securities:
Total	$	792,977	$	801,924
(in thousands)	Amortized cost		Fair value
Securities Held-to-Maturity
Obligations of state and political subdivisions:
Due within one year	$	2,077	$	2,082
Total	$	2,077	$	2,082
U.S. Government sponsored entities asset-backed securities:
Total	$	773,234	$	784,140

Approximately $278 million of Park's securities shown in the above table as U.S. Treasury and sponsored entities notes are callable notes.  These callable securities have a final maturity in 7 to 11 years, but are shown in the table at their expected call date.  The remaining $30 million of securities in this category are U.S. sponsored entities discount notes that mature within two months.

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Basis Of Presentation

6 Months Ended

Jun. 30, 2011

Basis Of Presentation

Basis Of Presentation

Note 1 – Basis of Presentation

The accompanying unaudited consolidated condensed financial statements included in this report have been prepared for Park National Corporation (the "Registrant", "Corporation", "Company", or "Park") and its subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of results of operations for the interim periods included herein have been made. The results of operations for the three and six month periods ended June 30, 2011 are not necessarily indicative of the operating results to be anticipated for the fiscal year ending December 31, 2011.

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes necessary for a fair presentation of the condensed balance sheets, condensed statements of income, condensed statements of changes in stockholders' equity and condensed statements of cash flows in conformity with U.S. generally accepted accounting principles ("GAAP"). These financial statements should be read in conjunction with the consolidated financial statements incorporated by reference in the Annual Report on Form 10-K of Park for the fiscal year ended December 31, 2010 from Park's 2010 Annual Report to Shareholders ("2010 Annual Report").

Park's significant accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements included in Park's 2010 Annual Report. For interim reporting purposes, Park follows the same basic accounting policies, as updated by the information contained in this report, and considers each interim period an integral part of an annual period.  Management has evaluated events occurring subsequent to the balance sheet date, determining no events require additional disclosure in these consolidated condensed financial statements.

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Pension Plan (Tables)

6 Months Ended

Jun. 30, 2011

Pension Plan

Components Of Net Periodic Benefit Expense

(in thousands)	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Service cost	$	1,139		$	918		$	2,278		$	1,836
Interest cost		992			896			1,984			1,792
Expected return on plan assets		(1,886	)		(1,457	)		(3,772	)		(2,914	)
Amortization of prior service cost		5			5			10			10
Recognized net actuarial loss		352			270			705			540
Benefit expense	$	602		$	632		$	1,205		$	1,264

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Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information

Segment Information

Note 7 – Segment Information

The Corporation is a multi-bank holding company headquartered in Newark, Ohio. The operating segments for the Corporation are its two chartered bank subsidiaries, The Park National Bank (headquartered in Newark, Ohio) ("PNB") and Vision Bank (headquartered in Panama City, Florida) ("VB"). 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 a 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 operating segments, as: (i) there are two separate and distinct geographic markets in which Park operates, (ii) discrete financial information is available for each operating segment and (iii) 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, 2011
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	60,542	$	7,000		$	2,480		$	70,022
Provision for loan losses		4,975		18,400			525			23,900
Other income (loss) and security gains		30,403		(246	)		(1,559	)		28,598
Other expense		36,315		8,174			2,518			47,007
Net income (loss)		34,250		(12,855	)		(1,078	)		20,317
Balance at June 30, 2011
Assets	$	6,565,419	$	750,642		$	12,625		$	7,328,686

Operating Results for the three months ended June 30, 2010
(in thousands)	PNB		VB			All Other		Total
Net interest income	$	59,612	$	6,914		$	2,195	$	68,721
Provision for loan losses		3,800		8,900			550		13,250
Other income (loss) and security gains		20,840		(756	)		78		20,162
Other expense		35,752		8,237			3,012		47,001
Net income (loss)		27,850		(6,756	)		72		21,166
Balance at June 30, 2010
Assets	$	6,215,606	$	863,315		$	14,177	$	7,093,098

Operating Results for the six months ended June 30, 2011
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	120,779	$	13,755		$	4,801		$	139,335
Provision for loan losses		9,950		26,400			1,050			37,400
Other income (loss) and security gains		53,300		(3,422	)		(1,474	)		48,404
Other expense		72,636		15,599			5,118			93,353
Net income (loss)		63,279		(20,519	)		(1,065	)		41,695

Operating Results for the six months ended June 30, 2010
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	118,011	$	13,805		$	4,285		$	136,101
Provision for loan losses		8,550		20,200			1,050			29,800
Other income (loss) and security gains		45,618		(605	)		163			45,176
Other expense		72,554		16,091			6,246			94,891
Net income (loss)		56,185		(14,212	)		(28	)		41,945

The operating results of the Parent Company and Guardian Financial Services Company (GFC) in the "All Other" column are used to reconcile the segment totals to the consolidated condensed statements of income for the three and six month periods ended June 30, 2011 and 2010. The reconciling amounts for consolidated total assets for the periods ended June 30, 2011 and 2010, consist of the elimination of intersegment borrowings and the assets of the Parent Company and GFC which are not eliminated.

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Pension Plan

6 Months Ended

Jun. 30, 2011

Pension Plan

Pension Plan

Note 12 – Pension Plan

Park has a noncontributory defined benefit pension plan covering substantially all of its employees. The plan provides benefits based on an employee's years of service and compensation.

Park's funding policy is to contribute annually an amount that can be deducted for federal income tax purposes using a different actuarial cost method and different assumptions from those used for financial reporting purposes. Pension plan contributions were $14 million and zero for the six month periods ended June 30, 2011 and 2010, respectively.

The following table shows the components of net periodic benefit expense:

(in thousands)	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Service cost	$	1,139		$	918		$	2,278		$	1,836
Interest cost		992			896			1,984			1,792
Expected return on plan assets		(1,886	)		(1,457	)		(3,772	)		(2,914	)
Amortization of prior service cost		5			5			10			10
Recognized net actuarial loss		352			270			705			540
Benefit expense	$	602		$	632		$	1,205		$	1,264

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Other Comprehensive Income (Loss) (Other Comprehensive Income (Loss) Components And Related Taxes) (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Other Comprehensive Income (Loss)
Unrealized gains (losses) on available-for-sale securities, Before-tax amount	$ 12,085	$ 6,934	$ 8,919	$ 12,479
Unrealized gains (losses) on available-for-sale securities, Tax expense (benefit)	4,229	2,428	3,121	4,368
Unrealized gains (losses) on available-for-sale securities, Net-of-tax amount	7,856	4,506	5,798	8,111
Reclassification adjustment for gains realized in net income, Before-tax amount	(15,362)	(3,515)	(21,997)	(11,819)
Reclassification adjustment for gains realized in net income, Tax expense (benefit)	(5,377)	(1,231)	(7,699)	(4,137)
Reclassification adjustment for gains realized in net income, Net-of-tax amount	(9,985)	(2,284)	(14,298)	(7,682)
Unrealized net holding gain (loss) on cash flow hedge, Before-tax amount	93	(153)	297	(324)
Unrealized net holding gain (loss) on cash flow hedge, Tax expense (benefit)	33	(53)	104	(113)
Unrealized net holding gain (loss) on cash flow hedge, Net-of-tax amount	60	(100)	193	(211)
Other comprehensive loss, Before-tax amount	(3,184)	3,266	(12,781)	336
Other comprehensive loss, Tax expense (benefit)	(1,115)	1,144	(4,474)	118
Other comprehensive loss, Net-of-tax amount	$ (2,069)	$ 2,122	$ (8,307)	$ 218

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Stock Option Plan

6 Months Ended

Jun. 30, 2011

Stock Option Plan

Stock Option Plan

Note 8 – Stock Option Plan

Park did not grant any stock options during the six month periods ended June 30, 2011 and 2010. Additionally, no stock options vested during the first six months of 2011 or 2010.

The following table summarizes stock option activity during the first six months of 2011.

	Stock Options		Weighted Average Exercise Price Per Share
Outstanding at December 31, 2010		78,075	$	74.96
Granted		-		-
Exercised		-		-
Forfeited/Expired		2,530		74.96
Outstanding at June 30, 2011		75,545	$	74.96

All of the stock options outstanding at June 30, 2011 were exercisable. The aggregate intrinsic value of the outstanding stock options at June 30, 2011 was $0.  In addition, no stock options were exercised during the first six months of 2011 or 2010. The weighted average contractual remaining term was 1.44 years for the stock options outstanding at June 30, 2011.

All of the common shares delivered upon exercise of incentive stock options granted under the Park National Corporation 2005 Incentive Stock Option Plan (the "2005 Plan") are to be treasury shares. At June 30, 2011, incentive stock options granted under the 2005 Plan covering 75,545 common shares were outstanding. At June 30, 2011, Park held 488,761 treasury shares that are available for the 2005 Plan.

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Stock Option Plan (Tables)

6 Months Ended

Jun. 30, 2011

Stock Option Plan

Schedule Of Summary Of Stock Option Activity

	Stock Options		Weighted Average Exercise Price Per Share
Outstanding at December 31, 2010		78,075	$	74.96
Granted		-		-
Exercised		-		-
Forfeited/Expired		2,530		74.96
Outstanding at June 30, 2011		75,545	$	74.96

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Earnings Per Common Share

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share

Earnings Per Common Share

Note 6 – Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2011 and 2010.

(in thousands, except share and per share data)	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Numerator:
Income available to common shareholders	$	18,853	$	19,715	$	38,767	$	39,042
Denominator:
Denominator for basic earnings per share (weighted average common shares outstanding)		15,398,919		15,114,846		15,398,925		14,998,810
Effect of dilutive options and warrants		674		-		2,581		-
Denominator for diluted earnings per share (weighted average common shares outstanding adjusted for the effect of dilutive options and warrants)		15,399,593		15,114,846		15,401,506		14,998,810
Earnings per common share:
Basic earnings per common share	$	1.22	$	1.30	$	2.52	$	2.60
Diluted earnings per common share	$	1.22	$	1.30	$	2.52	$	2.60

As of June 30, 2011 and 2010, options to purchase 75,545 and 82,700 common shares, respectively, were outstanding under the Park National Corporation 2005 Incentive Stock Option Plan (the "2005 Plan"). A warrant to purchase 227,376 common shares was outstanding at both June 30, 2011 and 2010 as a result of Park's participation in the U.S. Treasury's Capital Purchase Program (the "CPP").  Additionally, warrants to purchase an aggregate of 35,992 common shares (the "December 2010 Warrants") were outstanding at June 30, 2011 as a result of the issuance of common stock and warrants on December 10, 2010.  Warrants to purchase an aggregate of 175,900 common shares (the "October 2009 Warrants") were outstanding at June 30, 2010 as a result of the issuance of common stock and warrants on October 30, 2009.  All October 2009 Warrants were exercised or expired as of October 30, 2010 and thus had no impact on the periods ended June 30, 2011.

The common shares represented by the options and the December 2010 Warrants for the three and six months ended June 30, 2011, totaling a weighted average of 139,492 and 144,514, respectively, and the common shares represented by the options, the CPP warrant and the October 2009 warrants for the three and six months ended June 30, 2010, totaling a weighted average of 718,482 and 849,526, respectively, were not included in the computation of diluted earnings per common share because the respective exercise prices exceeded the market value of the underlying common shares such that their inclusion would have had an anti-dilutive effect. The warrant to purchase 227,376 common shares issued under the CPP was not included in the three month and six month weighted average of 139,492 and 144,514 at June 30, 2011, as the dilutive effect of this warrant was 674 and 2,581 shares of common stock for the three and six month periods ended June 30, 2011.  The exercise price of the CPP warrant to purchase 227,376 common shares is $65.97.

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Earnings Per Common Share (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Shares outstanding under the Incentive Stock Option Plan	75,545	82,700	75,545	82,700	78,075
Warrants to purchase common shares outstanding related to common stock issuances	227,376	227,376	227,376	227,376
Options and warrants not included in computation of diluted earnings per common shares	139,492	718,482	144,514	849,526
Dilutive effect of Capital Purchase Plan warrants	674		2,581
Exercise price of Capital Purchase Plan warrants to purchase common shares			$ 65.97
Park National [Member]
Warrants to purchase common shares outstanding related to common stock issuances	35,992	175,900	35,992	175,900

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Consolidated Condensed Statements Of Changes In Stockholders' Equity (Parenthetical) (USD $) In Thousands, except Per Share data	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Consolidated Condensed Statements Of Changes In Stockholders' Equity
Unrealized net holding gain (loss) on cash flow hedge, tax	$ 104	$ (113)
Unrealized net holding gain (loss) on securities available-for-sale, tax	$ (4,578)	$ 231
Cash dividends on common stock per share	$ 1.88	$ 1.88

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2011

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Note 2 – Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements:

Improving Disclosures About Fair Value Measurements: In January 2010, the FASB issued an amendment to Fair Value Measurements and Disclosures, Topic 820, Improving Disclosures About Fair Value Measurements. This amendment requires new disclosures regarding significant transfers in and out of Level 1 and 2 fair value measurements and the reasons for the transfers. This amendment also requires that a reporting entity present separately information about purchases, sales, issuances and settlements, on a gross basis rather than a net basis for activity in Level 3 fair value measurements using significant unobservable inputs. This amendment also clarifies existing disclosures on the level of disaggregation, in that the reporting entity needs to use judgment in determining the appropriate classes of assets and liabilities, and that a reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements for Level 2 and 3. The new disclosures and clarifications of existing disclosures for ASC 820 are effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances and settlements in the roll forward of activity in Level 3 fair value measurements. Those disclosures are effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. The adoption of ASC 820 did not have a material effect on the Company's consolidated financial statements.

Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses: In July 2010, FASB issued Accounting Standards Update 2010-20, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses (ASU 2010-20), to address concerns about the sufficiency, transparency, and robustness of credit risk disclosures for finance receivables and the related allowance for credit losses.  This ASU requires new and enhanced disclosures at disaggregated levels, specifically defined as "portfolio segments" and "classes".  Among other things, the expanded disclosures include roll-forward schedules of the allowance for credit losses and information regarding the credit quality of receivables as of the end of a reporting period.  New and enhanced disclosures are required for interim and annual periods ending after December 15, 2010, although the disclosures of reporting period activity are required for interim and annual periods beginning after December 15, 2010.  The adoption of the new guidance impacted interim and annual disclosures included in the Company's consolidated financial statements.

No. 2011-01 - Receivables (Topic 310) Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20:   In January 2011, FASB issued Accounting Standards Update 2011-01, Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20 (ASU 2011-01).  ASU 2011-01 was issued as a result of concerns raised from stakeholders that the introduction of new disclosure requirements (paragraphs 310-10-50-31 through 50-34 of the FASB Accounting Standards Codification) about troubled debt restructurings in one reporting period followed by a change in what constitutes a troubled debt restructuring shortly thereafter would be burdensome for preparers and may not provide financial statement users with useful information.

No. 2011-02 – Receivables (Topic 310) A Creditor's Determination of Whether a Restructuring Is a Troubled Debt Restructuring:  In April 2011, FASB issued Accounting Standards Update 2011-02, A Creditor's Determination of Whether a Restructuring Is a Troubled Debt Restructuring (ASU 2011-02).  The ASU provides additional guidance to creditors for evaluating whether a modification or restructuring of a receivable is a troubled debt restructuring ("TDR").  The new guidance requires creditors to evaluate modifications and restructurings of receivables using a more principles-based approach, which may result in more modifications and restructurings being considered TDRs.   Additionally, creditors will be required to provide additional disclosures about their TDR activities in accordance with the requirements of ASU 2010-20, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses, which was deferred by ASU 2011-01 Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20 (ASU 2011-01).  The new guidance will be effective for the first interim or annual period beginning on or after June 15, 2011, with retrospective application required to the beginning of the annual period of adoption.  Disclosures requirements will be effective for the first interim and annual period beginning on or after June 15, 2011.  Management is currently working through the guidance to determine the impact, if any, to the consolidated financial statements.

No. 2011-04 – Fair Value Measurement (Topic 820) Amendments to Achieve Common Fair Value Measurement and Disclosure Requirement in U.S. GAAP and IFRSs:  In May 2011, FASB issued Accounting Standards Update 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirement in U.S. GAAP and IFRSs (ASU 2011-04).  The new guidance in this ASU results in common fair value measurement and disclosure requirements in U.S. GAAP and IFRSs.  Certain amendments clarify the FASBs intent about the application of existing fair value measurement requirements. Other amendments change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. These amendments also enhance disclosure requirements surrounding fair value measurement.  Most significantly, an entity will be required to disclose additional information regarding Level 3 fair value measurements including quantitative information about unobservable inputs used, a description of the valuation processes used by the entity, and a qualitative discussion about the sensitivity of the measurements.  The new guidance is effective for interim and annual periods beginning on or after December 15, 2011.  Management is currently working through the guidance to determine the impact, if any, to the consolidated financial statements.

No 2011-05 – Presentation of Comprehensive Income:  In June 2011, FASB issued Accounting Standards Update 2011-05, Presentation of Comprehensive Income (ASU 2011-05).  The ASU eliminates the option to report other comprehensive income and its components in the statement of changes in equity.  An entity can elect to present the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The ASU does not change the items that must be reported in other comprehensive income, when an item of other comprehensive income must be reclassified to net income, or how earnings per share is calculated or presented. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 and must be applied retrospectively.   The adoption of the new guidance will impact the presentation of the consolidated financial statements.

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Goodwill And Intangible Assets (Schedule Of Core Deposit Intangibles Amortization Expense) (Details) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011
Goodwill And Intangible Assets
Remainder of 2011	$ 1,338
2012	2,677
2013	690
Total	$ 4,705

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Segment Information

Schedule Of Operating Results By Segment

Operating Results for the three months ended June 30, 2011
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	60,542	$	7,000		$	2,480		$	70,022
Provision for loan losses		4,975		18,400			525			23,900
Other income (loss) and security gains		30,403		(246	)		(1,559	)		28,598
Other expense		36,315		8,174			2,518			47,007
Net income (loss)		34,250		(12,855	)		(1,078	)		20,317
Balance at June 30, 2011
Assets	$	6,565,419	$	750,642		$	12,625		$	7,328,686

Operating Results for the three months ended June 30, 2010
(in thousands)	PNB		VB			All Other		Total
Net interest income	$	59,612	$	6,914		$	2,195	$	68,721
Provision for loan losses		3,800		8,900			550		13,250
Other income (loss) and security gains		20,840		(756	)		78		20,162
Other expense		35,752		8,237			3,012		47,001
Net income (loss)		27,850		(6,756	)		72		21,166
Balance at June 30, 2010
Assets	$	6,215,606	$	863,315		$	14,177	$	7,093,098

Operating Results for the six months ended June 30, 2011
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	120,779	$	13,755		$	4,801		$	139,335
Provision for loan losses		9,950		26,400			1,050			37,400
Other income (loss) and security gains		53,300		(3,422	)		(1,474	)		48,404
Other expense		72,636		15,599			5,118			93,353
Net income (loss)		63,279		(20,519	)		(1,065	)		41,695

Operating Results for the six months ended June 30, 2010
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	118,011	$	13,805		$	4,285		$	136,101
Provision for loan losses		8,550		20,200			1,050			29,800
Other income (loss) and security gains		45,618		(605	)		163			45,176
Other expense		72,554		16,091			6,246			94,891
Net income (loss)		56,185		(14,212	)		(28	)		41,945

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Investment Securities (Narrative) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2011 years
Residential mortgage-backed securities and collateralized mortgage obligations, term (years)	15
U.S. Treasury And Sponsored Entities Callable Notes [Member]
Available-for-sale securities	$ 278
U.S. Treasury And Sponsored Entities Discount Notes [Member]
Maturity period of U.S. treasury and sponsored entities callable notes	two
Available-for-sale securities	$ 30
Minimum [Member]
Maturity period of U.S. treasury and sponsored entities callable notes	7
Maximum [Member]
Maturity period of U.S. treasury and sponsored entities callable notes	11

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Investment Securities (Schedule Of Unrealized Loss On Securities) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Securities Available-for-Sale, Less than 12 months, Fair value	$ 482,971	$ 494,068
Securities Available-for-Sale, Less than 12 months, Unrealized losses	4,856	11,462
Securities Available-for-Sale, 12 months or longer, Fair value	215	221
Securities Available-for-Sale, 12 months or longer, Unrealized losses	13	14
Securities Available-for-Sale, Fair value, Total	483,186	494,289
Securities Available-for-Sale, Unrealized losses, Total	4,869	11,476
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Securities Available-for-Sale, Less than 12 months, Fair value	74,936	74,379
Securities Available-for-Sale, Less than 12 months, Unrealized losses	1,399	1,956
Securities Available-for-Sale, Fair value, Total	74,936	74,379
Securities Available-for-Sale, Unrealized losses, Total	1,399	1,956
Obligations Of States And Political Subdivisions [Member]
Securities Available-for-Sale, Less than 12 months, Fair value		1,459
Securities Available-for-Sale, Less than 12 months, Unrealized losses		52
Securities Available-for-Sale, Fair value, Total		1,459
Securities Available-for-Sale, Unrealized losses, Total		52
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Securities Available-for-Sale, Less than 12 months, Fair value	407,954	418,156
Securities Available-for-Sale, Less than 12 months, Unrealized losses	3,427	9,425
Securities Available-for-Sale, Fair value, Total	407,954	418,156
Securities Available-for-Sale, Unrealized losses, Total	3,427	9,425
Securities Held-to-Maturity, Less than 12 months, Fair value	312,382	297,584
Securities Held-to-Maturity, Less than 12 months, Unrealized losses	5,177	4,620
Securities Held-to-Maturity, Fair value, Total	312,382	297,584
Securities Held-to-Maturity, Unrealized losses, Total	5,177	4,620
Other Equity Securities [Member]
Securities Available-for-Sale, Less than 12 months, Fair value	81	74
Securities Available-for-Sale, Less than 12 months, Unrealized losses	30	29
Securities Available-for-Sale, 12 months or longer, Fair value	215	221
Securities Available-for-Sale, 12 months or longer, Unrealized losses	13	14
Securities Available-for-Sale, Fair value, Total	296	295
Securities Available-for-Sale, Unrealized losses, Total	$ 43	$ 43

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Allowance For Loan Losses (Composition Of The Allowance For Loan Losses) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2011		Mar. 31, 2011	Dec. 31, 2010		Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009
Allowance for loan losses, Ending allowance balance attributed to loans	$ 110,187		$ 126,859	$ 121,397		$ 120,676	$ 119,674	$ 116,717
Reallocated allowance for loan losses				121,397
Loans	4,710,513			4,732,685
Allowance for loan losses as a percentage of loan balance	2.34%
Reallocated allowance for loan losses as a percentage of loan balance				2.57%
Recorded investment	4,726,027			4,750,190
Commercial, Financial And Agricultural [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	12,607		11,791	13,584
Reallocated allowance for loan losses				11,696
Loans	755,793			737,902
Allowance for loan losses as a percentage of loan balance	1.67%
Reallocated allowance for loan losses as a percentage of loan balance				1.59%
Recorded investment	758,419			740,788
Commercial, Financial And Agricultural [Member] | Individually Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	3,265			3,028
Reallocated allowance for loan losses				3,028
Commercial, Financial And Agricultural [Member] | Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	9,342			10,556
Reallocated allowance for loan losses				8,668
Commercial, Financial And Agricultural [Member] | Loans Individually Evaluated For Impairment [Member]
Loans	24,008			19,205
Allowance for loan losses as a percentage of loan balance	13.60%
Reallocated allowance for loan losses as a percentage of loan balance				15.77%
Recorded investment	24,008			19,205
Commercial, Financial And Agricultural [Member] | Loans Collectively Evaluated For Impairment [Member]
Loans	731,785			718,697
Allowance for loan losses as a percentage of loan balance	1.28%
Reallocated allowance for loan losses as a percentage of loan balance				1.21%
Recorded investment	734,411			721,583
Commercial Real Estate [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	22,470		22,574	28,515
Reallocated allowance for loan losses				21,911
Loans	1,257,292	[1]		1,226,616	[1]
Allowance for loan losses as a percentage of loan balance	1.79%
Reallocated allowance for loan losses as a percentage of loan balance				1.79%
Recorded investment	1,262,067	[1]		1,231,420	[1]
Commercial Real Estate [Member] | Individually Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	9,213			10,001
Reallocated allowance for loan losses				10,001
Commercial Real Estate [Member] | Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	13,257			18,514
Reallocated allowance for loan losses				11,910
Commercial Real Estate [Member] | Loans Individually Evaluated For Impairment [Member]
Loans	47,243			57,930
Allowance for loan losses as a percentage of loan balance	19.50%
Reallocated allowance for loan losses as a percentage of loan balance				17.26%
Recorded investment	47,243			57,930
Commercial Real Estate [Member] | Loans Collectively Evaluated For Impairment [Member]
Loans	1,210,049			1,168,686
Allowance for loan losses as a percentage of loan balance	1.10%
Reallocated allowance for loan losses as a percentage of loan balance				1.02%
Recorded investment	1,214,824			1,173,490
Construction Real Estate [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	35,280		53,672	46,194
Reallocated allowance for loan losses				51,953
Loans	330,332			406,480
Allowance for loan losses as a percentage of loan balance	10.68%
Reallocated allowance for loan losses as a percentage of loan balance				12.78%
Recorded investment	331,163			407,533
Construction Real Estate [Member] | Individually Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	15,372			26,387
Reallocated allowance for loan losses				26,387
Construction Real Estate [Member] | Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	19,908			19,807
Reallocated allowance for loan losses				25,566
Construction Real Estate [Member] | Loans Individually Evaluated For Impairment [Member]
Loans	80,532			113,571
Allowance for loan losses as a percentage of loan balance	19.09%
Reallocated allowance for loan losses as a percentage of loan balance				23.23%
Recorded investment	80,532			113,571
Construction Real Estate [Member] | Loans Collectively Evaluated For Impairment [Member]
Loans	249,800			292,909
Allowance for loan losses as a percentage of loan balance	7.97%
Reallocated allowance for loan losses as a percentage of loan balance				8.73%
Recorded investment	250,631			293,962
Residential Real Estate [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	32,105		31,553	25,845
Reallocated allowance for loan losses				28,793
Loans	1,713,568			1,692,209
Allowance for loan losses as a percentage of loan balance	1.87%
Reallocated allowance for loan losses as a percentage of loan balance				1.70%
Recorded investment	1,717,878			1,697,670
Residential Real Estate [Member] | Individually Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	4,960			4,043
Reallocated allowance for loan losses				4,043
Residential Real Estate [Member] | Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	27,145			21,802
Reallocated allowance for loan losses				24,750
Residential Real Estate [Member] | Loans Individually Evaluated For Impairment [Member]
Loans	48,594			60,227
Allowance for loan losses as a percentage of loan balance	10.21%
Reallocated allowance for loan losses as a percentage of loan balance				6.71%
Recorded investment	48,594			60,227
Residential Real Estate [Member] | Loans Collectively Evaluated For Impairment [Member]
Loans	1,664,974			1,631,982
Allowance for loan losses as a percentage of loan balance	1.63%
Reallocated allowance for loan losses as a percentage of loan balance				1.52%
Recorded investment	1,669,284			1,637,443
Consumer [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	7,721		7,265	7,228
Reallocated allowance for loan losses				7,039
Loans	651,250			666,871
Allowance for loan losses as a percentage of loan balance	1.19%
Reallocated allowance for loan losses as a percentage of loan balance				1.06%
Recorded investment	654,188			670,116
Consumer [Member] | Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	7,721			7,228
Reallocated allowance for loan losses				7,039
Consumer [Member] | Loans Individually Evaluated For Impairment [Member]
Loans	23
Recorded investment	23
Consumer [Member] | Loans Collectively Evaluated For Impairment [Member]
Loans	651,227			666,871
Allowance for loan losses as a percentage of loan balance	1.19%
Reallocated allowance for loan losses as a percentage of loan balance				1.06%
Recorded investment	654,165			670,116
Leases [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	4		4	31
Reallocated allowance for loan losses				5
Loans	2,278			2,607
Allowance for loan losses as a percentage of loan balance	0.18%
Reallocated allowance for loan losses as a percentage of loan balance				0.19%
Recorded investment	2,312			2,663
Leases [Member] | Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	4			31
Reallocated allowance for loan losses				5
Leases [Member] | Loans Collectively Evaluated For Impairment [Member]
Loans	2,278			2,607
Allowance for loan losses as a percentage of loan balance	0.18%
Reallocated allowance for loan losses as a percentage of loan balance				0.19%
Recorded investment	2,312			2,663
Individually Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	32,810			43,459
Reallocated allowance for loan losses				43,459
Collectively Evaluated For Impairment [Member]
Allowance for loan losses, Ending allowance balance attributed to loans	77,377			77,938
Reallocated allowance for loan losses				77,938
Loans Individually Evaluated For Impairment [Member]
Loans	200,400			250,933
Allowance for loan losses as a percentage of loan balance	16.37%
Reallocated allowance for loan losses as a percentage of loan balance				17.32%
Recorded investment	200,400			250,933
Loans Collectively Evaluated For Impairment [Member]
Loans	4,510,113			4,481,752
Allowance for loan losses as a percentage of loan balance	1.72%
Reallocated allowance for loan losses as a percentage of loan balance				1.74%
Recorded investment	$ 4,525,627			$ 4,499,257

[1] Included within commercial, financial and agricultural loans, commercial real estate loans, and Vision commercial land and development loans are an immaterial amount of consumer loans that are not broken out by class.

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Derivative Instruments (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Derivative Instruments
Floating-rate subordinated note	$ 25,000,000		$ 25,000,000
Interest rate swap's fair value included in other liabilities	(1,300,000)		(1,300,000)
Hedge ineffectiveness on the cash flow hedge			0
Variable rate on subordinated note			2.25%
Basis for determining variable rate on subordinated note			3-month LIBOR plus 200 basis points
Fixed rate on interest rate swap paid by Park	6.01%		6.01%
Fixed rate on the interest rate swap	4.01%		4.01%
Basis for determining variable rate on interest rate swap			4.01% fixed rate on the interest rate swap plus 200 basis points
Change in fair value of interest rate swap, Net-of-tax amount	60,000	(100,000)	193,000	(211,000)
Change in fair value of interest rate swap, Tax expense (benefit)	33,000	(53,000)	104,000	(113,000)
Mortgage loan interest rate lock commitments outstanding	18,000,000		18,000,000
Fair value of the derivative instruments	242,000		242,000
Fair value of the swap liability	$ 200,000		$ 200,000

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Goodwill And Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill And Intangible Assets

Goodwill And Intangible Assets

Note 3 – Goodwill and Intangible Assets

The following table shows the activity in goodwill and core deposit intangibles for the first six months of 2011.

(in thousands)	Goodwill		Core Deposit Intangibles		Total
December 31, 2010	$	72,334	$	6,043	$	78,377
Amortization		-		1,338		1,338
June 30, 2011	$	72,334	$	4,705	$	77,039

The core deposit intangibles are being amortized to expense principally on the straight-line method, over periods ranging from six to ten years. Management expects that the core deposit intangibles amortization expense will be approximately $669,000 per quarter for the third and fourth quarters of 2011.

Core deposit intangibles amortization expense is projected to be as follows for the remainder of 2011 and for each of the following years:

(in thousands)	Annual Amortization
Remainder of 2011	$	1,338
2012		2,677
2013		690
Total	$	4,705

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Regulatory Update (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Regulatory Update
Guarantor support, total	$ 13.1	$ 21.6
Guarantor support, exception taken	12.7	18.0
Number of individual credit relationships incorporated into guarantor support analysis	25	25
Guarantor support, offset by cash payments received	2.1
Guarantor support, offset by increases in collateral values	1.0
Guarantor support, offset by charge-offs or additional reserves	5.4
Guarantor support, decline in value during the period	$ 8.5

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Loans (Composition Of Loan Portfolio By Class Of Loan) (Details) (USD $) In Thousands	Jun. 30, 2011		Dec. 31, 2010
Loan balance	$ 4,710,513		$ 4,732,685
Accrued interest receivable	15,514		17,505
Total recorded investment	4,726,027		4,750,190
Commercial Real Estate [Member]
Loan balance	1,257,292	[1]	1,226,616	[1]
Accrued interest receivable	4,775	[1]	4,804	[1]
Total recorded investment	1,262,067	[1]	1,231,420	[1]
Consumer [Member]
Loan balance	651,250		666,871
Accrued interest receivable	2,938		3,245
Total recorded investment	654,188		670,116
Leases [Member]
Loan balance	2,278		2,607
Accrued interest receivable	34		56
Total recorded investment	2,312		2,663
Commercial, Financial And Agricultural [Member]
Loan balance	755,793	[1]	737,902	[1]
Accrued interest receivable	2,626	[1]	2,886	[1]
Total recorded investment	758,419	[1]	740,788	[1]
Construction Real Estate - Vision Commercial Land And Development [Member]
Loan balance	111,054	[1]	171,334	[1]
Accrued interest receivable	235	[1]	282	[1]
Total recorded investment	111,289	[1]	171,616	[1]
Construction Real Estate - Remaining Commercial [Member]
Loan balance	181,422		195,693
Accrued interest receivable	453		622
Total recorded investment	181,875		196,315
Construction Real Estate - Mortgage [Member]
Loan balance	21,367		26,326
Accrued interest receivable	69		95
Total recorded investment	21,436		26,421
Construction Real Estate - Installment [Member]
Loan balance	16,489		13,127
Accrued interest receivable	74		54
Total recorded investment	16,563		13,181
Residential Real Estate - Commercial [Member]
Loan balance	454,864		464,903
Accrued interest receivable	1,353		1,403
Total recorded investment	456,217		466,306
Residential Real Estate - Mortgage [Member]
Loan balance	950,782		906,648
Accrued interest receivable	1,771		2,789
Total recorded investment	952,553		909,437
Residential Real Estate - HELOC [Member]
Loan balance	254,860		260,463
Accrued interest receivable	967		1,014
Total recorded investment	255,827		261,477
Residential Real Estate - Installment [Member]
Loan balance	53,062		60,195
Accrued interest receivable	219		255
Total recorded investment	$ 53,281		$ 60,450

[1] Included within commercial, financial and agricultural loans, commercial real estate loans, and Vision commercial land and development loans are an immaterial amount of consumer loans that are not broken out by class.

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Loans (Tables)

6 Months Ended

Jun. 30, 2011

Loans

Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing

	June 30, 2011
(In thousands)	Nonaccrual loans		Restructured loans		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	24,008	$	-	$	25	$	24,033
Commercial real estate		47,243		-		-		47,243
Construction real estate:
Vision commercial land and development		47,761		-		-		47,761
Remaining commercial		33,685		-		-		33,685
Mortgage		-		-		-		-
Installment		427		-		-		427
Residential real estate
Commercial		48,594		-		861		49,455
Mortgage		32,459		34		1,676		34,169
HELOC		1,418		-		-		1,418
Installment		1,169		-		1		1,170
Consumer		1,926		-		629		2,555
Leases		-		-		-		-
Total loans	$	238,690	$	34	$	3,192	$	241,916

	December 31, 2010
(In thousands)	Nonaccrual loans		Restructured loans		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	19,276	$	-	$	-	$	19,276
Commercial real estate		57,941		-		20		57,961
Construction real estate:
Vision commercial land and development		87,424		-		-		87,424
Remaining commercial		27,080		-		-		27,080
Mortgage		354		-		-		354
Installment		417		-		13		430
Residential real estate
Commercial		60,227		-		-		60,227
Mortgage		32,479		-		2,175		34,654
HELOC		964		-		149		1,113
Installment		1,195		-		277		1,472
Consumer		1,911		-		1,059		2,970
Leases		-		-		-		-
Total loans	$	289,268	$	-	$	3,693	$	292,961

Nonaccrual Loans Individually And Collectively Evaluated For Impairment

	June 30, 2011						December 31, 2010
(In thousands)	Nonaccrual loans		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual loans		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	24,008	$	24,008	$	-	$	19,276	$	19,205	$	71
Commercial real estate		47,243		47,243		-		57,941		57,930		11
Construction real estate:
Vision commercial land and development		47,761		46,847		914		87,424		86,491		933
Remaining commercial		33,685		33,685		-		27,080		27,080		-
Mortgage		-		-		-		354		-		354
Installment		427		-		427		417		-		417
Residential real estate:
Commercial		48,594		48,594		-		60,227		60,227		-
Mortgage		32,459		-		32,459		32,479		-		32,479
HELOC		1,418		-		1,418		964		-		964
Installment		1,169		-		1,169		1,195		-		1,195
Consumer		1,926		23		1,903		1,911		-		1,911
Leases		-		-		-		-		-		-
Total loans	$	238,690	$	200,400	$	38,290	$	289,268	$	250,933	$	38,335

Loans Individually Evaluated For Impairment By Class Of Loans

	June 30, 2011						December 31, 2010
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
(in thousands)
With no related allowance recorded
Commercial, financial and agricultural	$	15,463	$	12,271	$	-	$	9,347	$	8,891	$	-
Commercial real estate		44,827		31,624		-		24,052		19,697		-
Construction real estate:
Vision commercial land and development		32,843		12,229		-		23,021		20,162		-
Remaining commercial		24,403		20,963		-		15,192		14,630		-
Residential real estate:
Commercial		40,176		36,225		-		51,261		47,009		-
Consumer		-		-		-		-		-		-
With an allowance recorded
Commercial, financial and agricultural		14,619		11,737		3,265		11,801		10,314		3,028
Commercial real estate		16,232		15,619		9,213		42,263		38,233		10,001
Construction real estate:
Vision commercial land and development		63,696		34,618		11,763		92,122		66,329		23,585
Remaining commercial		21,918		12,722		3,586		20,676		12,450		2,802
Residential real estate:
Commercial		14,890		12,369		4,960		14,799		13,218		4,043
Consumer		23		23		23		-		-		-
Total	$	289,090	$	200,400	$	32,810	$	304,534	$	250,933	$	43,459

Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment

			Three months ended June 30, 2011				Six months ended June 30, 2011
	Recorded investment as of June 30, 2011		Average recorded investment		Interest income recognized		Average recorded investment		Interest income recognized
(in thousands)
Commercial, financial and agricultural	$	24,008	$	20,688	$	41	$	20,203	$	106
Commercial real estate		47,243		51,359		54		53,619		124
Construction real estate:
Vision commercial land and development		46,847		71,682		-		77,711		-
Remaining commercial		33,685		27,998		136		27,616		214
Residential real estate:
Commercial		48,594		55,096		14		57,269		153
Consumer		23		5		1		12		1
Total	$	200,400	$	226,828	$	246	$	236,430	$	598

Aging Of Recorded Investment In Past Due Loans

	June 30, 2011
	Accruing loans past due 30-89 days		Past due nonaccrual loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
(In thousands)
Commercial, financial and agricultural	$	6,007	$	21,096	$	27,103	$	731,316	$	758,419
Commercial real estate		3,106		36,369		39,475		1,222,592		1,262,067
Construction real estate:
Vision commercial land and development		309		41,860		42,169		69,120		111,289
Remaining commercial		99		13,757		13,856		168,019		181,875
Mortgage		402		-		402		21,034		21,436
Installment		393		386		779		15,784		16,563
Residential real estate:
Commercial		3,014		18,461		21,475		434,742		456,217
Mortgage		17,041		22,893		39,934		912,619		952,553
HELOC		770		664		1,434		254,393		255,827
Installment		1,120		781		1,901		51,380		53,281
Consumer		9,313		1,994		11,307		642,881		654,188
Leases		-		-		-		2,312		2,312
Total loans	$	41,574	$	158,261	$	199,835	$	4,526,192	$	4,726,027

* Includes $3.2 million of loans past due 90 days or more and accruing.

	December 31, 2010
	Accruing loans past due 30-89 days		Past due nonaccrual loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
(In thousands)
Commercial, financial and agricultural	$	2,247	$	15,622	$	17,869	$	722,919	$	740,788
Commercial real estate		9,521		53,269		62,790		1,168,630		1,231,420
Construction real estate:
Vision commercial land and development		2,406		65,130		67,536		104,080		171,616
Remaining commercial		141		19,687		19,828		176,487		196,315
Mortgage		479		148		627		25,794		26,421
Installment		235		399		634		12,547		13,181
Residential real estate:
Commercial		3,281		26,845		30,126		436,180		466,306
Mortgage		17,460		24,422		41,882		867,555		909,437
HELOC		1,396		667		2,063		259,414		261,477
Installment		1,018		892		1,910		58,540		60,450
Consumer		11,204		2,465		13,669		656,447		670,116
Leases		5		-		5		2,658		2,663
Total loans	$	49,393	$	209,546	$	258,939	$	4,491,251	$	4,750,190

* Includes $3.6 million of loans past due 90 days or more and accruing.

Management's policy is to initially place all renegotiated loans (troubled debt restructurings) on nonaccrual status. At June 30, 2011 and December 31, 2010, there were $72.6 million and $80.7 million, respectively, of troubled debt restructurings included in nonaccrual loan totals. Many of these troubled debt restructurings are performing under the renegotiated terms. At June 30, 2011 and December 31, 2010, $47.9 million and $50.3 million of the total troubled debt restructurings were included within current loans above. Management will continue to review the renegotiated loans and may determine it appropriate to move certain of the loans back to accrual status in the future. At June 30, 2011 and December 31, 2010, Park had commitments to lend $502,000 and $434,000, respectively, of additional funds to borrowers whose terms had been modified in a troubled debt restructuring.

Recorded Investment By Loan Grade

	June 30, 2011
(in thousands)	5 Rated		6 Rated		Nonaccrual		Pass Rated		Recorded Investment
Commercial, financial and agricultural	$	18,067	$	12,540	$	24,008	$	703,804	$	758,419
Commercial real estate		57,223		26,431		47,243		1,131,170		1,262,067
Construction real estate:
Vision commercial land and development		9,943		4,803		47,761		48,782		111,289
Remaining commercial		8,495		22,340		33,685		117,355		181,875
Residential real estate:
Commercial		22,779		17,398		48,594		367,446		456,217
Leases		-		-		-		2,312		2,312
Total Commercial Loans	$	116,507	$	83,512	$	201,291	$	2,370,869	$	2,772,179

	December 31, 2010
(in thousands)	5 Rated		6 Rated		Nonaccrual		Pass Rated		Recorded Investment
Commercial, financial and agricultural	$	26,322	$	11,447	$	19,276	$	683,743	$	740,788
Commercial real estate		57,394		26,992		57,941		1,089,093		1,231,420
Construction real estate:
Vision commercial land and development		10,220		7,941		87,424		66,031		171,616
Remaining commercial		14,021		39,062		27,080		116,152		196,315
Residential real estate:
Commercial		29,206		18,117		60,227		358,756		466,306
Leases		-		-		-		2,663		2,663
Total Commercial Loans	$	137,163	$	103,559	$	251,948	$	2,316,438	$	2,809,108

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Loan Servicing (Activity For MSRs And Related Valuation Allowance) (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2011
Loan Servicing
Carrying amount, net, beginning of period	$ 10,365,000	$ 10,488,000
Additions	309,000	638,000
Amortization	(415,000)	(935,000)
Change in valuation inputs and assumptions		68,000
Carrying amount, net, end of period	10,259,000	10,259,000
Valuation allowance, beginning of period	680,000	748,000
Change due to fair value adjustments		(68,000)
Valuation allowance, end of period	$ 680,000	$ 680,000

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Other Investment Securities (Schedule Of Other Investment Securities) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Other Investment Securities
Federal Home Loan Bank stock	$ 61,282	$ 61,823
Federal Reserve Bank stock	6,876	6,876
Total	$ 68,158	$ 68,699

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2011

Investment Securities

Schedule Of Investment Securities

(in thousands)
June 30, 2011 Securities Available-for-Sale	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Estimated Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	308,300	$	1,754	$	1,399	$	308,655
Obligations of states and political subdivisions		4,996		113		-		5,109
U.S. Government sponsored entities asset-backed securities		792,977		12,374		3,427		801,924
Other equity securities		938		814		43		1,709
Total	$	1,107,211	$	15,055	$	4,869	$	1,117,397
June 30, 2011 Securities Held-to-Maturity	Amortized Cost		Gross Unrecognized Holding Gains		Gross Unrecognized Holding Losses		Estimated Fair Value
Obligations of states and political subdivisions	$	2,077	$	5	$	-	$	2,082
U.S. Government sponsored entities asset-backed securities		773,234		16,083		5,177		784,140
Total	$	775,311	$	16,088	$	5,177	$	786,222

(in thousands)
December 31, 2010 Securities Available-for-Sale	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	272,301	$	2,968	$	1,956	$	273,313
Obligations of states and political subdivisions		10,815		281		52		11,044
U.S. Government sponsored entities asset-backed securities		990,204		30,633		9,425		1,011,412
Other equity securities		938		858		43		1,753
Total	$	1,274,258	$	34,740	$	11,476	$	1,297,522
December 31, 2010 Securities Held-to-Maturity	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
Obligations of states and political subdivisions	$	3,167	$	7	$	-	$	3,174
U.S. Government sponsored entities asset-backed securities		670,403		17,157		4,620		682,940
Total	$	673,570	$	17,164	$	4,620	$	686,114

Schedule Of Unrealized Loss On Securities

(in thousands)	Less than 12 months				12 months or longer				Total
June 30, 2011 Securities Available-for-Sale	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	74,936	$	1,399	$	-	$	-	$	74,936	$	1,399
U.S. Government sponsored entities asset-backed securities		407,954		3,427		-		-		407,954		3,427
Other equity securities		81		30		215		13		296		43
Total	$	482,971	$	4,856	$	215	$	13	$	483,186	$	4,869
June 30, 2011 Securities Held-to-Maturity
U.S. Government sponsored entities asset-backed securities	$	312,382	$	5,177	$	-	$	-	$	312,382	$	5,177

(in thousands)	Less than 12 months				12 months or longer				Total
December 31, 2010 Securities Available-for-Sale	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	74,379	$	1,956	$	-	$	-	$	74,379	$	1,956
Obligations of states and political   subdivisions		1,459		52						1,459		52
U.S. Government sponsored entities asset-backed securities		418,156		9,425		-		-		418,156		9,425
Other equity securities		74		29		221		14		295		43
Total	$	494,068	$	11,462	$	221	$	14	$	494,289	$	11,476
December 31, 2010 Securities Held-to-Maturity
U.S. Government sponsored entities asset-backed securities	$	297,584	$	4,620	$	-	$	-	$	297,584	$	4,620

Amortized Cost And Estimated Fair Value Of Investments In Debt Securities By Contractual Maturity

(in thousands)	Amortized cost		Fair value
Securities Available-for-Sale
U.S. Treasury and sponsored entities notes:
Due within one year	$	211,965	$	213,429
Due one through five years		-		-
Due five through ten years		96,335		95,226
Total	$	308,300	$	308,655
Obligations of states and political subdivisions:
Due within one year	$	3,695	$	3,712
Due one through five years		1,301		1,397
Total	$	4,996	$	5,109
U.S. Government sponsored entities asset-backed securities:
Total	$	792,977	$	801,924
(in thousands)	Amortized cost		Fair value
Securities Held-to-Maturity
Obligations of state and political subdivisions:
Due within one year	$	2,077	$	2,082
Total	$	2,077	$	2,082
U.S. Government sponsored entities asset-backed securities:
Total	$	773,234	$	784,140

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Loans (Narrative) (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Partial charge-offs on impaired loans	$ 88,700,000	$ 53,600,000
Recorded investment, related to loans	87,100,000	140,500,000
Recorded investment	200,400,000	250,933,000
Troubled debt restructurings	72,600,000	80,700,000
TDR's considered current	47,900,000	50,300,000
Commitments to lend additional funds to borrowers	502,000	434,000
Allowance For Loans And Leases Receivable [Member]
Allowance for loans individually evaluated for impairment	32,800,000	43,500,000
With No Related Allowance Recorded [Member]
Partial charge-offs on impaired loans	44,400,000	12,500,000
With An Allowance Recorded [Member]
Partial charge-offs on impaired loans	$ 44,300,000	$ 41,100,000

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Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share

Summary Of Computation Of Basic And Diluted Earnings Per Common Share

(in thousands, except share and per share data)	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Numerator:
Income available to common shareholders	$	18,853	$	19,715	$	38,767	$	39,042
Denominator:
Denominator for basic earnings per share (weighted average common shares outstanding)		15,398,919		15,114,846		15,398,925		14,998,810
Effect of dilutive options and warrants		674		-		2,581		-
Denominator for diluted earnings per share (weighted average common shares outstanding adjusted for the effect of dilutive options and warrants)		15,399,593		15,114,846		15,401,506		14,998,810
Earnings per common share:
Basic earnings per common share	$	1.22	$	1.30	$	2.52	$	2.60
Diluted earnings per common share	$	1.22	$	1.30	$	2.52	$	2.60

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Other Investment Securities

6 Months Ended

Jun. 30, 2011

Other Investment Securities

Other Investment Securities

Note 11 – Other Investment Securities

Other investment securities consist of stock investments in the Federal Home Loan Bank and the Federal Reserve Bank. These restricted stock investments are carried at their redemption value.

	June 30,		December 31,
(in thousands)	2011		2010
Federal Home Loan Bank stock	$	61,282	$	61,823
Federal Reserve Bank stock		6,876		6,876
Total	$	68,158	$	68,699

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Stock Option Plan (Schedule Of Summary Of Stock Option Activity) (Details) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Stock Option Plan
Stock Option Outstanding, Beginning Balance	78,075
Stock Option, Granted
Stock Option, Exercised		0
Stock Option, Forfeited/Expired	2,530
Stock Option Outstanding, Closing Balance	75,545	82,700
Weighted Average Exercise Price Per Share Outstanding, Beginning Balance	$ 74.96
Weighted Average Exercise Price Per Share, Granted
Weighted Average Exercise Price Per Share, Exercised
Weighted Average Exercise Price Per Share, Forfeited/Expired	$ 74.96
Weighted Average Exercise Price Per Share Outstanding, Closing Balance	$ 74.96

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Other Comprehensive Income (Loss) (Component Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010
Other Comprehensive Income (Loss)
Changes in pension plan assets and benefit obligations, Before-tax amount	$ (24,503)	$ (24,503)	$ (20,769)
Changes in pension plan assets and benefit obligations, Tax expense (benefit)	(8,576)	(8,576)	(7,269)
Changes in pension plan assets and benefit obligations, Net-of-tax amount	(15,927)	(15,927)	(13,500)
Unrealized gains on available-for-sale securities, Before-tax amount	10,186	23,264	47,006
Unrealized gains on available-for-sale securities, Tax expense (benefit)	3,565	8,143	16,452
Unrealized gains on available-for-sale securities, Net-of-tax amount	6,621	15,121	30,554
Unrealized net holding loss on cash flow hedge, Before-tax amount	(1,337)	(1,634)	(1,807)
Unrealized net holding loss on cash flow hedge, Tax expense (benefit)	(468)	(572)	(632)
Unrealized net holding loss on cash flow hedge, Net-of-tax amount	(869)	(1,062)	(1,175)
Total accumulated other comprehensive income (loss), Before-tax amount	(15,654)	(2,873)	24,430
Total accumulated other comprehensive income (loss), Tax expense (benefit)	(5,479)	(1,005)	8,551
Total accumulated other comprehensive income (loss), Net-of-tax amount	$ (10,175)	$ (1,868)	$ 15,879

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Investment Securities (Amortized Cost And Estimated Fair Value Of Investments In Debt Securities By Contractual Maturity) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Securities available-for-sale, at fair value	$ 1,117,397	$ 1,297,522
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Securities Available-for-Sale, Due within one year, Amortized cost	211,965
Securities Available-for-Sale, Due within one year, Fair value	213,429
Securities Available-for-Sale, Due one through five years, Amortized cost
Securities Available-for-Sale, Due one through five years, Fair value
Securities Available-for-Sale, Due five through ten years, Amortized cost	96,335
Securities Available-for-Sale, Due five through ten years, Fair value	95,226
Securities Available-for-Sale, Total, Amortized cost	308,300
Securities available-for-sale, at fair value	308,655	273,313
Obligations Of States And Political Subdivisions [Member]
Securities Available-for-Sale, Due within one year, Amortized cost	3,695
Securities Available-for-Sale, Due within one year, Fair value	3,712
Securities Available-for-Sale, Due one through five years, Amortized cost	1,301
Securities Available-for-Sale, Due one through five years, Fair value	1,397
Securities Available-for-Sale, Total, Amortized cost	4,996
Securities available-for-sale, at fair value	5,109	11,044
Securities Held-to-Maturity, Due within one year, Amortized cost	2,077
Securities Held-to-Maturity, Due within one year, Fair value	2,082
Securities Held-to-Maturity, Total, Amortized cost	2,077
Securities Held-to-Maturity, Total, Fair value	2,082
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Securities Available-for-Sale, Total, Amortized cost	792,977
Securities available-for-sale, at fair value	801,924	1,011,412
Securities Held-to-Maturity, Total, Amortized cost	773,234
Securities Held-to-Maturity, Total, Fair value	$ 784,140

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Loans

6 Months Ended

Jun. 30, 2011

Loans

Loans

Note 4 – Loans

The composition of the loan portfolio, by class of loan, as of June 30, 2011 and December 31, 2010 was as follows:

	June 30, 2011						December 31, 2010
	Loan balance		Accrued interest receivable		Recorded investment		Loan balance		Accrued interest receivable		Recorded investment
(In thousands)
Commercial, financial and agricultural *	$	755,793	$	2,626	$	758,419	$	737,902	$	2,886	$	740,788
Commercial real estate *		1,257,292		4,775		1,262,067		1,226,616		4,804		1,231,420
Construction real estate:
Vision commercial land and development *		111,054		235		111,289		171,334		282		171,616
Remaining commercial		181,422		453		181,875		195,693		622		196,315
Mortgage		21,367		69		21,436		26,326		95		26,421
Installment		16,489		74		16,563		13,127		54		13,181
Residential real estate
Commercial		454,864		1,353		456,217		464,903		1,403		466,306
Mortgage		950,782		1,771		952,553		906,648		2,789		909,437
HELOC		254,860		967		255,827		260,463		1,014		261,477
Installment		53,062		219		53,281		60,195		255		60,450
Consumer		651,250		2,938		654,188		666,871		3,245		670,116
Leases		2,278		34		2,312		2,607		56		2,663
Total loans	$	4,710,513	$	15,514	$	4,726,027	$	4,732,685	$	17,505	$	4,750,190

* Included within commercial, financial and agricultural loans, commercial real estate loans, and Vision commercial land and development loans are an immaterial amount of consumer loans that are not broken out by class.

The following tables present the recorded investment in nonaccrual, restructured, and loans past due 90 days or more and still accruing by class of loans as of June 30, 2011 and December 31, 2010:

	June 30, 2011
(In thousands)	Nonaccrual loans		Restructured loans		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	24,008	$	-	$	25	$	24,033
Commercial real estate		47,243		-		-		47,243
Construction real estate:
Vision commercial land and development		47,761		-		-		47,761
Remaining commercial		33,685		-		-		33,685
Mortgage		-		-		-		-
Installment		427		-		-		427
Residential real estate
Commercial		48,594		-		861		49,455
Mortgage		32,459		34		1,676		34,169
HELOC		1,418		-		-		1,418
Installment		1,169		-		1		1,170
Consumer		1,926		-		629		2,555
Leases		-		-		-		-
Total loans	$	238,690	$	34	$	3,192	$	241,916

	December 31, 2010
(In thousands)	Nonaccrual loans		Restructured loans		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	19,276	$	-	$	-	$	19,276
Commercial real estate		57,941		-		20		57,961
Construction real estate:
Vision commercial land and development		87,424		-		-		87,424
Remaining commercial		27,080		-		-		27,080
Mortgage		354		-		-		354
Installment		417		-		13		430
Residential real estate
Commercial		60,227		-		-		60,227
Mortgage		32,479		-		2,175		34,654
HELOC		964		-		149		1,113
Installment		1,195		-		277		1,472
Consumer		1,911		-		1,059		2,970
Leases		-		-		-		-
Total loans	$	289,268	$	-	$	3,693	$	292,961

The following table provides additional information regarding those nonaccrual loans that are individually evaluated for impairment and those collectively evaluated for impairment as of June 30, 2011 and December 31, 2010.

	June 30, 2011						December 31, 2010
(In thousands)	Nonaccrual loans		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual loans		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	24,008	$	24,008	$	-	$	19,276	$	19,205	$	71
Commercial real estate		47,243		47,243		-		57,941		57,930		11
Construction real estate:
Vision commercial land and development		47,761		46,847		914		87,424		86,491		933
Remaining commercial		33,685		33,685		-		27,080		27,080		-
Mortgage		-		-		-		354		-		354
Installment		427		-		427		417		-		417
Residential real estate:
Commercial		48,594		48,594		-		60,227		60,227		-
Mortgage		32,459		-		32,459		32,479		-		32,479
HELOC		1,418		-		1,418		964		-		964
Installment		1,169		-		1,169		1,195		-		1,195
Consumer		1,926		23		1,903		1,911		-		1,911
Leases		-		-		-		-		-		-
Total loans	$	238,690	$	200,400	$	38,290	$	289,268	$	250,933	$	38,335

All of the loans individually evaluated for impairment were evaluated using the fair value of the collateral or present value of expected future cash flows as the measurement method.

The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2011 and December 31, 2010.

	June 30, 2011						December 31, 2010
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
(in thousands)
With no related allowance recorded
Commercial, financial and agricultural	$	15,463	$	12,271	$	-	$	9,347	$	8,891	$	-
Commercial real estate		44,827		31,624		-		24,052		19,697		-
Construction real estate:
Vision commercial land and development		32,843		12,229		-		23,021		20,162		-
Remaining commercial		24,403		20,963		-		15,192		14,630		-
Residential real estate:
Commercial		40,176		36,225		-		51,261		47,009		-
Consumer		-		-		-		-		-		-
With an allowance recorded
Commercial, financial and agricultural		14,619		11,737		3,265		11,801		10,314		3,028
Commercial real estate		16,232		15,619		9,213		42,263		38,233		10,001
Construction real estate:
Vision commercial land and development		63,696		34,618		11,763		92,122		66,329		23,585
Remaining commercial		21,918		12,722		3,586		20,676		12,450		2,802
Residential real estate:
Commercial		14,890		12,369		4,960		14,799		13,218		4,043
Consumer		23		23		23		-		-		-
Total	$	289,090	$	200,400	$	32,810	$	304,534	$	250,933	$	43,459

Management's general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. At June 30, 2011 and December 31, 2010, there were $44.4 million and $12.5 million, respectively, of partial charge-offs on loans individually evaluated for impairment with no related allowance recorded and $44.3 million and $41.1 million, respectively, of partial charge-offs on loans individually evaluated for impairment that also had a specific reserve allocated.

The allowance for loan losses included specific reserves related to loans individually evaluated for impairment at June 30, 2011 and December 31, 2010, of $32.8 million and $43.5 million, respectively, related to loans with a recorded investment of $87.1 million and $140.5 million.

The following table presents the average recorded investment and interest income recognized on loans individually evaluated for impairment for the three and six months ended June 30, 2011:

			Three months ended June 30, 2011				Six months ended June 30, 2011
	Recorded investment as of June 30, 2011		Average recorded investment		Interest income recognized		Average recorded investment		Interest income recognized
(in thousands)
Commercial, financial and agricultural	$	24,008	$	20,688	$	41	$	20,203	$	106
Commercial real estate		47,243		51,359		54		53,619		124
Construction real estate:
Vision commercial land and development		46,847		71,682		-		77,711		-
Remaining commercial		33,685		27,998		136		27,616		214
Residential real estate:
Commercial		48,594		55,096		14		57,269		153
Consumer		23		5		1		12		1
Total	$	200,400	$	226,828	$	246	$	236,430	$	598

The following tables present the aging of the recorded investment in past due loans as of June 30, 2011 and December 31, 2010 by class of loans.

	June 30, 2011
	Accruing loans past due 30-89 days		Past due nonaccrual loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
(In thousands)
Commercial, financial and agricultural	$	6,007	$	21,096	$	27,103	$	731,316	$	758,419
Commercial real estate		3,106		36,369		39,475		1,222,592		1,262,067
Construction real estate:
Vision commercial land and development		309		41,860		42,169		69,120		111,289
Remaining commercial		99		13,757		13,856		168,019		181,875
Mortgage		402		-		402		21,034		21,436
Installment		393		386		779		15,784		16,563
Residential real estate:
Commercial		3,014		18,461		21,475		434,742		456,217
Mortgage		17,041		22,893		39,934		912,619		952,553
HELOC		770		664		1,434		254,393		255,827
Installment		1,120		781		1,901		51,380		53,281
Consumer		9,313		1,994		11,307		642,881		654,188
Leases		-		-		-		2,312		2,312
Total loans	$	41,574	$	158,261	$	199,835	$	4,526,192	$	4,726,027

* Includes $3.2 million of loans past due 90 days or more and accruing.

	December 31, 2010
	Accruing loans past due 30-89 days		Past due nonaccrual loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
(In thousands)
Commercial, financial and agricultural	$	2,247	$	15,622	$	17,869	$	722,919	$	740,788
Commercial real estate		9,521		53,269		62,790		1,168,630		1,231,420
Construction real estate:
Vision commercial land and development		2,406		65,130		67,536		104,080		171,616
Remaining commercial		141		19,687		19,828		176,487		196,315
Mortgage		479		148		627		25,794		26,421
Installment		235		399		634		12,547		13,181
Residential real estate:
Commercial		3,281		26,845		30,126		436,180		466,306
Mortgage		17,460		24,422		41,882		867,555		909,437
HELOC		1,396		667		2,063		259,414		261,477
Installment		1,018		892		1,910		58,540		60,450
Consumer		11,204		2,465		13,669		656,447		670,116
Leases		5		-		5		2,658		2,663
Total loans	$	49,393	$	209,546	$	258,939	$	4,491,251	$	4,750,190

* Includes $3.6 million of loans past due 90 days or more and accruing.

Management's policy is to initially place all renegotiated loans (troubled debt restructurings) on nonaccrual status. At June 30, 2011 and December 31, 2010, there were $72.6 million and $80.7 million, respectively, of troubled debt restructurings included in nonaccrual loan totals. Many of these troubled debt restructurings are performing under the renegotiated terms. At June 30, 2011 and December 31, 2010, $47.9 million and $50.3 million of the total troubled debt restructurings were included within current loans above. Management will continue to review the renegotiated loans and may determine it appropriate to move certain of the loans back to accrual status in the future. At June 30, 2011 and December 31, 2010, Park had commitments to lend $502,000 and $434,000, respectively, of additional funds to borrowers whose terms had been modified in a troubled debt restructuring.

Management utilizes past due information as a credit quality indicator across the loan portfolio. The past due information is the primary credit quality indicator within the following classes of loans: (1) mortgage loans and installment loans in the construction real estate segment; (2) mortgage loans, HELOC and installment loans in the residential real estate segment; and (3) throughout the consumer loan segment. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans from 1 to 8. Credit grades are continuously monitored by the respective loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans with grades of 1 to 4 (pass-rated) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher loan loss reserve percentage is allocated to these loans. Loans classified as special mention have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loans or of the institution's credit position at some future date. Commercial loans graded 6 (substandard), also considered watch list credits, are considered to represent higher credit risk and, as a result, a higher loan loss reserve percentage is allocated to these loans. Loans classified as substandard loans are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Commercial loans that are graded a 7 (doubtful) are shown as nonperforming and Park generally charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Any commercial loan graded an 8 (loss) is completely charged-off. The tables below present the recorded investment by loan grade at June 30, 2011 and December 31, 2010 for all commercial loans.

	June 30, 2011
(in thousands)	5 Rated		6 Rated		Nonaccrual		Pass Rated		Recorded Investment
Commercial, financial and agricultural	$	18,067	$	12,540	$	24,008	$	703,804	$	758,419
Commercial real estate		57,223		26,431		47,243		1,131,170		1,262,067
Construction real estate:
Vision commercial land and development		9,943		4,803		47,761		48,782		111,289
Remaining commercial		8,495		22,340		33,685		117,355		181,875
Residential real estate:
Commercial		22,779		17,398		48,594		367,446		456,217
Leases		-		-		-		2,312		2,312
Total Commercial Loans	$	116,507	$	83,512	$	201,291	$	2,370,869	$	2,772,179

	December 31, 2010
(in thousands)	5 Rated		6 Rated		Nonaccrual		Pass Rated		Recorded Investment
Commercial, financial and agricultural	$	26,322	$	11,447	$	19,276	$	683,743	$	740,788
Commercial real estate		57,394		26,992		57,941		1,089,093		1,231,420
Construction real estate:
Vision commercial land and development		10,220		7,941		87,424		66,031		171,616
Remaining commercial		14,021		39,062		27,080		116,152		196,315
Residential real estate:
Commercial		29,206		18,117		60,227		358,756		466,306
Leases		-		-		-		2,663		2,663
Total Commercial Loans	$	137,163	$	103,559	$	251,948	$	2,316,438	$	2,809,108

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Loan Servicing

6 Months Ended

Jun. 30, 2011

Loan Servicing

Loan Servicing

Note 14 – Loan Servicing

Park serviced sold mortgage loans of $1.42 billion at June 30, 2011, compared to $1.53 billion at June 30, 2010.  At June 30, 2011, $32.2 million of the sold mortgage loans were sold with recourse compared to $48.3 million at June 30, 2010.  Management closely monitors the delinquency rates on the mortgage loans sold with recourse.  At June 30, 2011, management determined that no liability was deemed necessary for these loans.

When Park sells mortgage loans with servicing rights retained, servicing rights are initially recorded at fair value.  Park selected the "amortization method" as permissible within GAAP, whereby the servicing rights capitalized are amortized in proportion to and over the period of estimated future servicing income of the underlying loan.  At the end of each reporting period, the carrying value of mortgage servicing rights ("MSRs") is assessed for impairment with a comparison to fair value.  MSRs are carried at the lower of their amortized cost or fair value.

Activity for MSRs and the related valuation allowance follows:

(in thousands)	Three months ended June 30, 2011			Six months ended June 30, 2011
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	10,365		$	10,488
Additions		309			638
Amortization		(415	)		(935	)
Changes in valuation inputs & assumptions		-			68
Carrying amount, net, end of period	$	10,259		$	10,259
Valuation allowance:
Beginning of period	$	680		$	748
Changes due to fair value adjustments		-			(68	)
End of period	$	680		$	680

Servicing fees included in other service income were $1.4 million and $2.8 million for the three and six months ended June 30, 2011, respectively.  For the three and six months ended June 30, 2010, servicing fees included in other service income were $1.4 million and $2.7 million, respectively.

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Loan Servicing (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Loan Servicing
Serviced sold mortgage loans	$ 1,420,000,000	$ 1,530,000,000	$ 1,420,000,000	$ 1,530,000,000
Servicing fees included in other service income	1,400,000	1,400,000	2,800,000	2,700,000
Serviced sold mortgage loans with recourse	$ 32,200,000	$ 48,300,000	$ 32,200,000	$ 48,300,000

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Pension Plan (Components Of Net Periodic Benefit Expense) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Pension Plan
Service cost	$ 1,139,000	$ 918,000	$ 2,278,000	$ 1,836,000
Interest cost	992,000	896,000	1,984,000	1,792,000
Expected return on plan assets	(1,886,000)	(1,457,000)	(3,772,000)	(2,914,000)
Amortization of prior service cost	5,000	5,000	10,000	10,000
Recognized net actuarial loss	352,000	270,000	705,000	540,000
Benefit expense	602,000	632,000	1,205,000	1,264,000
Pension plan contributions			$ 14,000,000	$ 0

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Goodwill And Intangible Assets (Schedule Of Activity In Goodwill And Core Deposit Intangibles) (Details) (USD $)	3 Months Ended				6 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Goodwill And Intangible Assets
Goodwill, Beginning Balance		$ 72,334,000			$ 72,334,000
Goodwill, Amortization
Goodwill, Ending Balance			72,334,000		72,334,000
Core Deposit Intangibles, Beginning Balance		4,705,000			6,043,000
Core Deposit Intangibles, Amortization	669,000	669,000			1,338,000
Core Deposit Intangibles, Ending Balance			4,705,000		4,705,000
Total Goodwill and Core Deposit Intangibles, Beginning Balance		77,039,000			78,377,000
Amortization of intangibles			669,000	842,000	1,338,000	1,778,000
Total Goodwill and Core Deposit Intangibles, Ending Balance			$ 77,039,000		$ 77,039,000
Core deposit intangibles, useful life, minimum					6
Core deposit intangibles, useful life, maximum					10

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Fair Value (Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Impaired loans carried at fair value, Fair value	$ 97,608	$ 111,257
Mortgage servicing rights	2,526	3,813
Other real estate owned	47,997	44,325
Commercial Real Estate [Member]
Impaired loans carried at fair value, Fair value	23,353	32,354
Commercial Real Estate [Member] | Level 3 [Member]
Impaired loans carried at fair value, Fair value	23,353	32,354
Commercial, Financial And Agricultural [Member]
Impaired loans carried at fair value, Fair value	15,760	8,276
Commercial, Financial And Agricultural [Member] | Level 3 [Member]
Impaired loans carried at fair value, Fair value	15,760	8,276
Construction Real Estate - Vision Commercial Land And Development [Member]
Impaired loans carried at fair value, Fair value	34,437	45,121
Construction Real Estate - Vision Commercial Land And Development [Member] | Level 3 [Member]
Impaired loans carried at fair value, Fair value	34,437	45,121
Construction Real Estate - Remaining Commercial [Member]
Impaired loans carried at fair value, Fair value	11,767	10,202
Construction Real Estate - Remaining Commercial [Member] | Level 3 [Member]
Impaired loans carried at fair value, Fair value	11,767	10,202
Residential Real Estate Commercial [Member]
Impaired loans carried at fair value, Fair value	12,291	15,304
Residential Real Estate Commercial [Member] | Level 3 [Member]
Impaired loans carried at fair value, Fair value	12,291	15,304
Level 2 [Member]
Mortgage servicing rights	2,526	3,813
Level 3 [Member]
Impaired loans carried at fair value, Fair value	97,608	111,257
Other real estate owned	$ 47,997	$ 44,325

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Allowance For Loan Losses (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

Allowance For Loan Losses

Activity In The Allowance For Loan Losses By Segment

	Three months ended June 30, 2011
	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
(In thousands)
Allowance for credit losses
Beginning balance:	$	11,791	$	22,574	$	53,672	$	31,553	$	7,265	$	4	$	126,859
Charge-offs		5,030		6,565		23,679		4,789		1,942		-		42,005
Recoveries		327		22		117		390		577		-		1,433
Net Charge-offs		4,703		6,543		23,562		4,399		1,365		-		40,572
Provision		5,519		6,439		5,170		4,951		1,821		-		23,900
Ending balance	$	12,607	$	22,470	$	35,280	$	32,105	$	7,721	$	4	$	110,187

	Six months ended June 30, 2011
	Commercial, financial and agricultural			Commercial real estate			Construction real estate		Residential real estate		Consumer			Leases			Total
(In thousands)
Allowance for credit losses
Beginning balance:	$	13,584		$	28,515		$	46,194	$	25,845	$	7,228		$	31		$	121,397
Reallocation of allowance		(1,888	)		(6,604	)		5,759		2,948		(189	)		(26	)		-
Adjusted beginning balance:		11,696			21,911			51,953		28,793		7,039			5			121,397
Charge-offs		5,764			8,350			27,099		7,276		3,915			-			52,404
Recoveries		896			824			213		891		967			3			3,794
Net Charge-offs		4,868			7,526			26,886		6,385		2,948			(3	)		48,610
Provision		5,779			8,085			10,213		9,697		3,630			(4	)		37,400
Ending balance	$	12,607		$	22,470		$	35,280	$	32,105	$	7,721		$	4		$	110,187

Activity In The Allowance For Loan Losses

(In thousands)	Three months ended June 30, 2010		Six months ended June 30, 2010
Allowance for credit losses
Beginning balance:	$	119,674	$	116,717
Charge-offs		13,273		28,851
Recoveries		1,025		3,010
Net Charge-offs		12,248		25,841
Provision		13,250		29,800
Ending balance	$	120,676	$	120,676

Schedule Of Allowance For Loan Losses

	June 30, 2011
	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
(In thousands)
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,265		$	9,213		$	15,372		$	4,960		$	-		$	-		$	32,810
Collectively evaluated for impairment		9,342			13,257			19,908			27,145			7,721			4			77,377
Total ending allowance balance	$	12,607		$	22,470		$	35,280		$	32,105		$	7,721		$	4		$	110,187
Loan Balance:
Loans individually evaluated for impairment	$	24,008		$	47,243		$	80,532		$	48,594		$	23		$	-		$	200,400
Loans collectively evaluated for impairment		731,785			1,210,049			249,800			1,664,974			651,227			2,278			4,510,113
Total ending loan balance	$	755,793		$	1,257,292		$	330,332		$	1,713,568		$	651,250		$	2,278		$	4,710,513
Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment		13.60	%		19.50	%		19.09	%		10.21	%		-			-			16.37	%
Loans collectively evaluated for impairment		1.28	%		1.10	%		7.97	%		1.63	%		1.19	%		0.18	%		1.72	%
Total ending loan balance		1.67	%		1.79	%		10.68	%		1.87	%		1.19	%		0.18	%		2.34	%
Recorded Investment:
Loans individually evaluated for impairment	$	24,008		$	47,243		$	80,532		$	48,594		$	23		$	-		$	200,400
Loans collectively evaluated for impairment		734,411			1,214,824			250,631			1,669,284			654,165			2,312			4,525,627
Total ending loan balance	$	758,419		$	1,262,067		$	331,163		$	1,717,878		$	654,188		$	2,312		$	4,726,027

	December 31, 2010
	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
(In thousands)
Allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,028		$	10,001		$	26,387		$	4,043		$	-		$	-		$	43,459
Collectively evaluated for impairment		10,556			18,514			19,807			21,802			7,228			31			77,938
Total ending allowance balance	$	13,584		$	28,515		$	46,194		$	25,845		$	7,228		$	31		$	121,397
Reallocated allowance for loan losses:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,028		$	10,001		$	26,387		$	4,043		$	-		$	-		$	43,459
Collectively evaluated for impairment		8,668			11,910			25,566			24,750			7,039			5			77,938
Total ending allowance balance	$	11,696		$	21,911		$	51,953		$	28,793		$	7,039		$	5		$	121,397
Loan Balance:
Loans individually evaluated for impairment	$	19,205		$	57,930		$	113,571		$	60,227		$	-		$	-		$	250,933
Loans collectively evaluated for impairment		718,697			1,168,686			292,909			1,631,982			666,871			2,607			4,481,752
Total ending loan balance	$	737,902		$	1,226,616		$	406,480		$	1,692,209		$	666,871		$	2,607		$	4,732,685
Reallocated allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment		15.77	%		17.26	%		23.23	%		6.71	%		-			-			17.32	%
Loans collectively evaluated for impairment		1.21	%		1.02	%		8.73	%		1.52	%		1.06	%		0.19	%		1.74	%
Total ending loan balance		1.59	%		1.79	%		12.78	%		1.70	%		1.06	%		0.19	%		2.57	%
Recorded Investment:
Loans individually evaluated for impairment	$	19,205		$	57,930		$	113,571		$	60,227		$	-		$	-		$	250,933
Loans collectively evaluated for impairment		721,583			1,173,490			293,962			1,637,443			670,116			2,663			4,499,257
Total ending loan balance	$	740,788		$	1,231,420		$	407,533		$	1,697,670		$	670,116		$	2,663		$	4,750,190

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Consolidated Condensed Statements Of Changes In Stockholders' Equity (USD $) In Thousands	Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock At Cost [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Comprehensive Income (loss) [Member]	Total
Balance at Dec. 31, 2009	$ 96,483	$ 306,569	$ 423,872	$ (125,321)	$ 15,661
Net Income			41,945			41,945	41,945
Other comprehensive income (loss), net of tax:
Unrealized net holding gain (loss) on cash flow hedge, net of income taxes					(211)	(211)
Unrealized net holding gain (loss) on securities available-for-sale, net of income taxes					429	429
Total comprehensive income						42,163
Cash dividends on common stock at $1.88 per share			(28,285)
Cash payment for fractional shares in dividend reinvestment plan		(2)					(2)
Reissuance of common stock from treasury shares held for warrants issued		(600)	(7,393)	29,292
Accretion of discount on preferred stock	403		(403)
Preferred stock dividends			(2,500)
Balance at Jun. 30, 2010	96,886	305,967	427,236	(96,029)	15,879
Balance at Dec. 31, 2010	97,290	305,677	422,458	(77,733)	(1,868)		745,824
Net Income			41,695			41,695	41,695
Other comprehensive income (loss), net of tax:
Unrealized net holding gain (loss) on cash flow hedge, net of income taxes					193	193
Unrealized net holding gain (loss) on securities available-for-sale, net of income taxes					(8,500)	(8,500)
Total comprehensive income						33,388
Cash dividends on common stock at $1.88 per share			(28,951)
Cash payment for fractional shares in dividend reinvestment plan		(1)					(1)
Common stock warrants cancelled		(67)	67
Accretion of discount on preferred stock	428		(428)
Preferred stock dividends			(2,500)
Balance at Jun. 30, 2011	$ 97,718	$ 305,609	$ 432,341	$ (77,733)	$ (10,175)		$ 747,760

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Fair Value

6 Months Ended

Jun. 30, 2011

Fair Value

Fair Value

Note 15 – Fair Value

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows:

§ Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date.

§ Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of "matrix pricing" to value debt securities absent the exclusive use of quoted prices.

§ Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of impaired loans is based on the fair value of the underlying collateral, which is estimated through third party appraisals or internal estimates of collateral values.

Assets and Liabilities Measured at Fair Value on a Recurring Basis:

The following table presents assets and liabilities measured at fair value on a recurring basis:

Fair Value Measurements at June 30, 2011 using:
(in thousands)	Level 1		Level 2		Level 3		Balance at June 30, 2011
Assets
Investment securities
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	-	$	308,655	$	-	$	308,655
Obligations of states and political subdivisions		-		5,109				5,109
U.S. Government sponsored entities' asset-backed securities		-		801,924		-		801,924
Equity securities		968		-		741		1,709
Mortgage loans held for sale		-		7,456		-		7,456
Mortgage IRLCs		-		242		-		242
Liabilities
Interest rate swap	$	-	$	1,338	$	-	$	1,338
Fair value swap		-		-		200		200

Fair Value Measurements at December 31, 2010 using:
(in thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2010
Assets
Investment securities
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	-	$	273,313	$	-	$	273,313
Obligations of states and political subdivisions		-		8,446		2,598		11,044
U.S. Government sponsored entities' asset-backed securities		-		1,011,412		-		1,011,412
Equity securities		1,008		-		745		1,753
Mortgage loans held for sale		-		8,340		-		8,340
Mortgage IRLCs		-		166		-		166
Liabilities
Interest rate swap	$	-	$	1,634	$	-	$	1,634
Fair value swap		-		-		60		60

The following methods and assumptions were used by the Corporation in determining fair value of the financial assets and liabilities discussed above:

Investment securities: Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. The Fair Value Measurements tables exclude Park's Federal Home Loan Bank stock and Federal Reserve Bank stock.  These assets are carried at their respective redemption values, as it is not practicable to calculate their fair values.  For securities where quoted prices or market prices of similar securities are not available, which include municipal securities, fair values are calculated using discounted cash flows.

Interest rate swap:  The fair value of the interest rate swap represents the estimated amount Park would pay or receive to terminate the agreement, considering current interest rates and the current creditworthiness of the counterparty.

Fair value swap:  The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses.

Mortgage Interest Rate Lock Commitments (IRLCs): IRLCs are based on current secondary market pricing and are classified as Level 2.

Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value.Mortgage loans held for sale are estimated using security prices for similar product types and, therefore, are classified in Level 2.

The table below is a reconciliation of the beginning and ending balances of the Level 3 inputs for the three and six month periods ended June 30, 2011 and 2010, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements Three months ended June 30, 2011 and 2010
(in thousands)	Obligations of states and political subdivisions			Equity Securities		Fair value swap
Balance, at March 31, 2011	$	2,470		$	740	$	(60	)
Total gains/(losses)
Included in earnings – realized		-			-		-
Included in earnings – unrealized		-			-		-
Included in other comprehensive income		-			1		-
Purchases, sales, issuances and settlements, other, net		(2,470	)		-		(140	)
Balance June 30, 2011	$	0		$	741	$	(200	)
Balance, at March 31, 2010	$	2,744		$	-	$	(500	)
Total gains/(losses)
Included in earnings – realized		-			-		-
Included in earnings – unrealized		-			-		-
Included in other comprehensive income		12			-		-
Purchases, sales, issuances and settlements, other, net		-			-		160
Balance June 30, 2010	$	2,756		$	-	$	(340	)

Level 3 Fair Value Measurements Six months ended June 30, 2011 and 2010
(in thousands)	Obligations of states and political subdivisions			Equity Securities			Fair value swap
Balance, at January 1, 2011	$	2,598		$	745		$	(60	)
Total gains/(losses)
Included in earnings – realized		-						-
Included in earnings – unrealized		(128	)					-
Included in other comprehensive income		-			(4	)		-
Purchases, sales, issuances and settlements, other, net		(2,470	)					(140	)
Balance June 30, 2011	$	0		$	741		$	(200	)
Balance, at January 1, 2010	$	2,751		$	-		$	(500	)
Total gains/(losses)
Included in earnings – realized		-			-			-
Included in earnings – unrealized		-			-			-
Included in other comprehensive income		5			-			-
Purchases, sales, issuances and settlements, other, net		-			-			160
Balance June 30, 2010	$	2,756		$	-		$	(340	)

Assets and liabilities measured at fair value on a nonrecurring basis:

The following table presents assets and liabilities measured at fair value on a nonrecurring basis:

Fair Value Measurements at June 30, 2011 using:
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Balance at June 30, 2011
Impaired loans:
Commercial, financial and agricultural	$	-	$	-	$	15,760	$	15,760
Commercial real estate		-		-		23,353		23,353
Construction real estate:
Vision commercial land and development		-		-		34,437		34,437
Remaining commercial		-		-		11,767		11,767
Residential real estate		-		-		12,291		12,291
Total impaired loans	$	-	$	-	$	97,608	$	97,608
Mortgage servicing rights		-		2,526		-		2,526
Other real estate owned		-		-		47,997		47,997

Fair Value Measurements at December 31, 2010 Using:
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Balance at December 31, 2010
Impaired loans:
Commercial, financial and agricultural	$	-	$	-	$	8,276	$	8,276
Commercial real estate						32,354		32,354
Construction real estate:
Vision commercial land and development						45,121		45,121
Remaining commercial						10,202		10,202
Residential real estate						15,304		15,304
Total impaired loans	$	-	$	-	$	111,257	$	111,257
Mortgage servicing rights		-		3,813		-		3,813
Other real estate owned		-		-		44,325		44,325

Impaired loans, which are measured for impairment using the fair value of the underlying collateral or the present value of expected future cash flows, had a book value of $200.4 million at June 30, 2011, offset by partial charge-offs of $88.7 million.  In addition, these loans had a specific valuation allowance of $32.8 million. Of the $200.4 million impaired loan portfolio, loans with a book value of $130.4 million were carried at their fair value of $97.6 million, as a result of the aforementioned charge-offs and specific valuation allowance.  The remaining $70.0 million of impaired loans are carried at cost, as the fair value of the underlying collateral or present value of expected future cash flows on these loans exceeds the book value for each individual credit.  At December 31, 2010, impaired loans had a book value of $250.9 million.  Of these, $111.3 million were carried at fair value, as a result of partial charge-offs of $53.6 million and a specific valuation allowance of $43.5 million.  The remaining $96.2 million of impaired loans at December 31, 2010 were carried at cost.

MSRs, which are carried at the lower of cost or fair value, were recorded at $10.3 million at June 30, 2011. Of the $10.3 million MSR carrying balance at June 30, 2011, $2.5 million was recorded at fair value and included a valuation allowance of $680,000.  The remaining $7.8 million was recorded at cost, as the fair value exceeds cost at June 30, 2011.  MSRs do not trade in active, open markets with readily observable prices.  For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available.  As such, management, with the assistance of a third party specialist, determined fair value based on the discounted value of the future cash flows estimated to be received.  Significant inputs include the discount rate and assumed prepayment speeds utilized.  The calculated fair value was then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified Level 2.  At December 31, 2010, MSRs were recorded at $10.5 million, including a valuation allowance of $748,000.

Other real estate owned (OREO) is recorded at fair value based on property appraisals, less estimated selling costs, at the date of transfer. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs.  At June 30, 2011 and December 31, 2010, the estimated fair value of OREO, less estimated selling costs amounted to $48.0 million and $44.3 million, respectively.  The financial impact of OREO devaluation adjustments for the three month and six month periods ended June 30, 2011 was $5.3 million and $9.7 million, respectively.

The following methods and assumptions were used by the Corporation in estimating its fair value disclosures for assets and liabilities not discussed above:

Cash and cash equivalents: The carrying amounts reported in the consolidated condensed balance sheet for cash and short-term instruments approximate those assets' fair values.

Interest bearing deposits with other banks: The carrying amounts reported in the consolidated condensed balance sheet for interest bearing deposits with other banks approximate those assets' fair values.

Loans receivable: For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for certain mortgage loans (e.g., one-to-four family residential) are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. The fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.

Off-balance sheet instruments: Fair values for the Corporation's loan commitments and standby letters of credit are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties' credit standing. The carrying amount and fair value are not material.

Deposit liabilities: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts for variable-rate, fixed-term certificates of deposit approximate their fair values at the reporting date. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities of time deposits.

Short-term borrowings: The carrying amounts of federal funds purchased, borrowings under repurchase agreements and other short-term borrowings approximate their fair values.

Long-term debt: Fair values for long-term debt are estimated using a discounted cash flow calculation that applies interest rates currently being offered on long-term debt to a schedule of monthly maturities.

Subordinated debentures and notes: Fair values for subordinated debentures and notes are estimated using a discounted cash flow calculation that applies interest rate spreads currently being offered on similar debt structures to a schedule of monthly maturities.

The fair value of financial instruments at June 30, 2011 and December 31, 2010, was as follows:

(in thousands)	June 30, 2011				December 31, 2010
Financial assets:	Carrying value		Fair value		Carrying value		Fair value
Cash and money market instruments	$	217,116	$	217,116	$	133,780	$	133,780
Investment securities		1,892,708		1,903,619		1,971,092		1,983,636
Accrued interest receivable		22,624		22,624		24,137		24,137
Mortgage loans held for sale		7,456		7,456		8,340		8,340
Impaired loans carried at fair value		97,608		97,608		111,257		111,257
Other loans		4,495,262		4,507,242		4,491,691		4,511,419
Loans receivable, net	$	4,600,326	$	4,612,306	$	4,611,288	$	4,631,016
Financial liabilities:
Noninterest bearing checking accounts	$	984,160	$	984,160	$	937,719	$	937,719
Interest bearing transactions accounts		1,485,383		1,485,383		1,283,159		1,283,159
Savings accounts		950,777		950,777		899,288		899,288
Time deposits		1,832,992		1,843,327		1,973,903		1,990,163
Other		4,205		4,205		1,351		1,351
Total deposits	$	5,257,517	$	5,267,852	$	5,095,420	$	5,111,680
Short-term borrowings	$	234,112	$	234,112	$	663,669	$	663,669
Long-term debt		821,202		889,068		636,733		699,080
Subordinated debentures/notes		75,250		66,681		75,250		63,099
Accrued interest payable		5,732		5,732		6,123		6,123
Derivative financial instruments:
Interest rate swap	$	1,338	$	1,338	$	1,634	$	1,634
Fair value swap		200		200		60		60

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Loans (Nonaccrual Loans Individually And Collectively Evaluated For Impairment) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Nonaccrual loans	$ 238,690	$ 289,268
Loans individually evaluated for impairment	200,400	250,933
Loans collectively evaluated for impairment	38,290	38,335
Commercial Real Estate [Member]
Nonaccrual loans	47,243	57,941
Loans individually evaluated for impairment	47,243	57,930
Loans collectively evaluated for impairment		11
Consumer [Member]
Nonaccrual loans	1,926	1,911
Loans individually evaluated for impairment	23
Loans collectively evaluated for impairment	1,903	1,911
Commercial, Financial And Agricultural [Member]
Nonaccrual loans	24,008	19,276
Loans individually evaluated for impairment	24,008	19,205
Loans collectively evaluated for impairment		71
Construction Real Estate - Vision Commercial Land And Development [Member]
Nonaccrual loans	47,761	87,424
Loans individually evaluated for impairment	46,847	86,491
Loans collectively evaluated for impairment	914	933
Construction Real Estate - Remaining Commercial [Member]
Nonaccrual loans	33,685	27,080
Loans individually evaluated for impairment	33,685	27,080
Construction Real Estate - Mortgage [Member]
Nonaccrual loans		354
Loans collectively evaluated for impairment		354
Construction Real Estate - Installment [Member]
Nonaccrual loans	427	417
Loans collectively evaluated for impairment	427	417
Residential Real Estate - Commercial [Member]
Nonaccrual loans	48,594	60,227
Loans individually evaluated for impairment	48,594	60,227
Residential Real Estate - Mortgage [Member]
Nonaccrual loans	32,459	32,479
Loans collectively evaluated for impairment	32,459	32,479
Residential Real Estate - HELOC [Member]
Nonaccrual loans	1,418	964
Loans collectively evaluated for impairment	1,418	964
Residential Real Estate - Installment [Member]
Nonaccrual loans	1,169	1,195
Loans collectively evaluated for impairment	$ 1,169	$ 1,195

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Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

Note 17 – Other Comprehensive Income (Loss)

Other comprehensive income (loss) components and related taxes are shown in the following table for the three and six month periods ended June 30, 2011 and 2010:

Six months ended June 30, (in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
2011:
Unrealized gains on available-for-sale securities	$	8,919		$	3,121		$	5,798
Reclassification adjustment for gains realized in net income		(21,997	)		(7,699	)		(14,298	)
Unrealized net holding gain on cash flow hedge		297			104			193
Other comprehensive loss	$	(12,781	)	$	(4,474	)	$	(8,307	)
2010:
Unrealized gains on available-for-sale securities	$	12,479		$	4,368		$	8,111
Reclassification adjustment for gains realized in net income		(11,819	)		(4,137	)		(7,682	)
Unrealized net holding loss on cash flow hedge		(324	)		(113	)		(211	)
Other comprehensive income	$	336		$	118		$	218

Three months ended June 30, (in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
2011:
Unrealized gains on available-for-sale securities	$	12,085		$	4,229		$	7,856
Reclassification adjustment for gains realized in net income		(15,362	)		(5,377	)		(9,985	)
Unrealized net holding gain on cash flow hedge		93			33			60
Other comprehensive loss	$	(3,184	)	$	(1,115	)	$	(2,069	)
2010:
Unrealized gains on available-for-sale securities	$	6,934		$	2,428		$	4,506
Reclassification adjustment for gains realized in net income		(3,515	)		(1,231	)		(2,284	)
Unrealized net holding loss on cash flow hedge		(153	)		(53	)		(100	)
Other comprehensive income	$	3,266		$	1,144		$	2,122

The ending balance of each component of accumulated other comprehensive income (loss) was as follows:

(in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
June 30, 2011:
Changes in pension plan assets and benefit obligations	$	(24,503	)	$	(8,576	)	$	(15,927	)
Unrealized gains on available-for-sale securities		10,186			3,565			6,621
Unrealized net holding loss on cash flow hedge		(1,337	)		(468	)		(869	)
Total accumulated other comprehensive loss	$	(15,654	)	$	(5,479	)	$	(10,175	)
December 31, 2010:
Changes in pension plan assets and benefit obligations	$	(24,503	)	$	(8,576	)	$	(15,927	)
Unrealized gains on available-for-sale securities		23,264			8,143			15,121
Unrealized net holding loss on cash flow hedge		(1,634	)		(572	)		(1,062	)
Total accumulated other comprehensive loss	$	(2,873	)	$	(1,005	)	$	(1,868	)
June 30, 2010:
Changes in pension plan assets and benefit obligations	$	(20,769	)	$	(7,269	)	$	(13,500	)
Unrealized gains on available-for-sale securities		47,006			16,452			30,554
Unrealized net holding loss on cash flow hedge		(1,807	)		(632	)		(1,175	)
Total accumulated other comprehensive income	$	24,430		$	8,551		$	15,879

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Participation In The U.S. Treasury Capital Purchase Program (CPP) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2011	Dec. 23, 2008
Cumulative perpetual preferred shares issued			100,000,000
Liquidation preference per senior preferred shares			$ 1,000
Charge to retained earnings representing preferred stock dividend and accretion of discount	$ 1.5	$ 2.9
Warrant issued to U.S. Treasury relating to CPP		227,376
Issued warrants as a percentage of senior preferred shares purchased		15.00%
Warrant issued to U.S. treasury relating to CPP, exercise price		$ 65.97
Trailing average in days		20
Term of warrants in years		10
Revised Cumulative Dividends Rate [Member]
Preferred stock, dividend rate, percentage		9.00%
Cumulative Dividends Rate [Member]
Preferred stock, dividend rate, percentage		5.00%

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Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Mortgage loans held for sale, Fair value	$ 7,456	$ 8,340
Mortgage IRLCs	242	166
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Investment securities	308,655	273,313
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member] | Level 2 [Member]
Investment securities	308,655	273,313
Obligations Of States And Political Subdivisions [Member]
Investment securities	5,109	11,044
Obligations Of States And Political Subdivisions [Member] | Level 2 [Member]
Investment securities	5,109	8,446
Obligations Of States And Political Subdivisions [Member] | Level 3 [Member]
Investment securities		2,598
U.S. Government Sponsored Entities' Asset-Backed Securities [Member]
Investment securities	801,924	1,011,412
U.S. Government Sponsored Entities' Asset-Backed Securities [Member] | Level 2 [Member]
Investment securities	801,924	1,011,412
Equity Securities [Member]
Investment securities	1,709	1,753
Equity Securities [Member] | Level 1 [Member]
Investment securities	968	1,008
Equity Securities [Member] | Level 3 [Member]
Investment securities	741	745
Interest Rate Swap [Member]
Swap, Fair value	1,338	1,634
Interest Rate Swap [Member] | Level 2 [Member]
Swap, Fair value	1,338	1,634
Fair Value Swap [Member]
Swap, Fair value	200	60
Fair Value Swap [Member] | Level 3 [Member]
Swap, Fair value	200	60
Level 2 [Member]
Mortgage loans held for sale, Fair value	7,456	8,340
Mortgage IRLCs	$ 242	$ 166

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Consolidated Condensed Statements Of Cash Flows (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Operating activities:
Net income	$ 41,695	$ 41,945
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, accretion and amortization	5,600	4,524
Provision for loan losses	37,400	29,800
Other-than-temporary impairment on investment securities
Amortization of core deposit intangibles	1,338	1,778
Realized net investment security gains	(21,997)	(11,819)
OREO devaluations	9,651	3,064
Changes in assets and liabilities:
(Increase) in other assets	(43,293)	(18,549)
(Decrease) in other liabilities	(1,666)	(1,757)
Net cash provided by operating activities	28,728	48,986
Investing activities:
Proceeds from sales of available-for-sale securities	319,504	344,325
Proceeds from sales of Federal Home Loan Bank stock	541
Proceeds from maturity of:
Available-for-sale securities	199,940	817,993
Held-to-maturity securities	87,434	42,379
Purchases of:
Available-for-sale securities	(330,839)	(1,086,068)
Held-to-maturity securities	(75,951)	(2,205)
Net (increase) in loans	(24,523)	(41,273)
Purchases of bank owned life insurance, net	(3,000)	(4,562)
Purchases of premises and equipment, net	(4,055)	(3,294)
Net cash provided by investing activities	169,051	67,295
Financing activities:
Net increase (decrease) in deposits	162,097	(19,238)
Net (decrease) in short-term borrowings	(429,557)	(43,462)
Proceeds from issuance of long-term debt	200,000
Repayment of long-term debt	(15,531)	(1,640)
Cash payment for fractional shares in dividend reinvestment plan	(1)	(2)
Proceeds from reissuance of common stock from treasury shares held		21,299
Cash dividends paid on common and preferred stock	(31,451)	(30,784)
Net cash (used in) financing activities	(114,443)	(73,827)
Increase in cash and cash equivalents	83,336	42,454
Cash and cash equivalents at beginning of year	133,780	159,091
Cash and cash equivalents at end of period	217,116	201,545
Supplemental disclosures of cash flow information:
Interest	30,640	40,116
Income taxes	13,700	12,000
Non cash activities:
Securities acquired through payable	$ 113,223	$ 85,980

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Mortgage Loans Held For Sale

6 Months Ended

Jun. 30, 2011

Mortgage Loans Held For Sale

Mortgage Loans Held For Sale

Note 9 – Mortgage Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At June 30, 2011 and December 31, 2010 respectively, Park had approximately $7.5 million and $8.3 million in mortgage loans held for sale. These amounts are included in loans on the consolidated condensed balance sheets and in the residential real estate segments in Notes 4 and 5.

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Stock Option Plan (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Stock options granted
Stock options vested	0	0
Aggregate intrinsic value of the outstanding stock options	$ 0
Stock option exercised		0
Weighted average contractual remaining term of stock option outstanding, years	1.44
Common shares outstanding	75,545	82,700	78,075
Treasury shares available	752,129		752,128
2005 Stock Compensation Plan [Member]
Treasury shares available	488,761

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Investment Securities (Schedule Of Investment Securities) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Securities Available-for-Sale, Amortized Cost	$ 1,107,211	$ 1,274,258
Securities Available-for-Sale, Gross Unrealized Holdings Gains	15,055	34,740
Securities Available-for-Sale, Gross Unrealized Holding Losses	4,869	11,476
Securities Available-for-Sale, Estimated Fair Value	1,117,397	1,297,522
Securities Held-to-Maturity, Amortized Cost	775,311	673,570
Securities Held-to-Maturity, Gross Unrecognized Holding Gains	16,088	17,164
Securities Held-to-Maturity, Gross Unrecognized Holding Losses	5,177	4,620
Securities Held-to-Maturity, Estimated Fair Value	786,222	686,114
Obligations Of U.S. Treasury And Other U.S. Government Sponsored Entities [Member]
Securities Available-for-Sale, Amortized Cost	308,300	272,301
Securities Available-for-Sale, Gross Unrealized Holdings Gains	1,754	2,968
Securities Available-for-Sale, Gross Unrealized Holding Losses	1,399	1,956
Securities Available-for-Sale, Estimated Fair Value	308,655	273,313
Obligations Of States And Political Subdivisions [Member]
Securities Available-for-Sale, Amortized Cost	4,996	10,815
Securities Available-for-Sale, Gross Unrealized Holdings Gains	113	281
Securities Available-for-Sale, Gross Unrealized Holding Losses		52
Securities Available-for-Sale, Estimated Fair Value	5,109	11,044
Securities Held-to-Maturity, Amortized Cost	2,077	3,167
Securities Held-to-Maturity, Gross Unrecognized Holding Gains	5	7
Securities Held-to-Maturity, Estimated Fair Value	2,082	3,174
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Securities Available-for-Sale, Amortized Cost	792,977	990,204
Securities Available-for-Sale, Gross Unrealized Holdings Gains	12,374	30,633
Securities Available-for-Sale, Gross Unrealized Holding Losses	3,427	9,425
Securities Available-for-Sale, Estimated Fair Value	801,924	1,011,412
Securities Held-to-Maturity, Amortized Cost	773,234	670,403
Securities Held-to-Maturity, Gross Unrecognized Holding Gains	16,083	17,157
Securities Held-to-Maturity, Gross Unrecognized Holding Losses	5,177	4,620
Securities Held-to-Maturity, Estimated Fair Value	784,140	682,940
Other Equity Securities [Member]
Securities Available-for-Sale, Amortized Cost	938	938
Securities Available-for-Sale, Gross Unrealized Holdings Gains	814	858
Securities Available-for-Sale, Gross Unrealized Holding Losses	43	43
Securities Available-for-Sale, Estimated Fair Value	$ 1,709	$ 1,753

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Fair Value (Reconciliation Of The Level 3 Input For Financial Instruments Measured On A Recurring Basis) (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Obligations Of States And Political Subdivisions [Member]
Balance, beginning	$ 2,470	$ 2,744	$ 2,598	$ 2,751
Total gains/(losses), Included in earnings - realized
Total gains/(losses), Included in earnings - unrealized			(128)
Total gains/(losses), Included in other comprehensive income		12		5
Total gains/(losses), Purchases, sales, issuances and settlements, other, net	(2,470)		(2,470)
Balance, ending	0	2,756	0	2,756
Equity Securities [Member]
Balance, beginning	740		745
Total gains/(losses), Included in earnings - realized
Total gains/(losses), Included in earnings - unrealized
Total gains/(losses), Included in other comprehensive income	1		(4)
Total gains/(losses), Purchases, sales, issuances and settlements, other, net
Balance, ending	741		741
Fair Value Swap [Member]
Balance, beginning	(60)	(500)	(60)	(500)
Total gains/(losses), Included in earnings - realized
Total gains/(losses), Included in earnings - unrealized
Total gains/(losses), Included in other comprehensive income
Total gains/(losses), Purchases, sales, issuances and settlements, other, net	(140)	160	(140)	160
Balance, ending	$ (200)	$ (340)	$ (200)	$ (340)

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Other Investment Securities (Tables)

6 Months Ended

Jun. 30, 2011

Other Investment Securities

Schedule Of Other Investment Securities

	June 30,		December 31,
(in thousands)	2011		2010
Federal Home Loan Bank stock	$	61,282	$	61,823
Federal Reserve Bank stock		6,876		6,876
Total	$	68,158	$	68,699

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Derivative Instruments

6 Months Ended

Jun. 30, 2011

Derivative Instruments

Derivative Instruments

Note 13 – Derivative Instruments

FASB ASC 815, Derivatives and Hedging, establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities.  As required by GAAP, the Company records all derivatives on the consolidated condensed balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. Derivatives used to hedge the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives used to hedge the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges.

For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (outside of earnings) and subsequently reclassified into earnings when the hedged transaction affects earnings, with any ineffective portion of changes in the fair value of the derivative recognized directly in earnings. The Company assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged item or transaction.

During the first quarter of 2008, the Company executed an interest rate swap to hedge a $25 million floating-rate subordinated note that was entered into by Park during the fourth quarter of 2007. The Company's objective in using this derivative is to add stability to interest expense and to manage its exposure to interest rate risk. Our interest rate swap involves the receipt of variable-rate amounts in exchange for fixed-rate payments over the life of the agreement without exchange of the underlying principal amount, and has been designated as a cash flow hedge.

At June 30, 2011, the interest rate swap's fair value of $(1.3) million was included in other liabilities. No hedge ineffectiveness on the cash flow hedge was recognized during the quarter or six months ended June 30, 2011. At June 30, 2011, the variable rate on the $25 million subordinated note was 2.25% (3-month LIBOR plus 200 basis points) and Park was paying 6.01% (4.01% fixed rate on the interest rate swap plus 200 basis points).

For the six months ended June 30, 2011, the change in the fair value of the interest rate swap reported in other comprehensive income was a gain of $193,000 (net of taxes of $104,000). Amounts reported in accumulated other comprehensive income related to the interest rate swap will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt.

As of June 30, 2011, no derivatives were designated as fair value hedges or hedges of net investments in foreign operations. Additionally, the Company does not use derivatives for trading or speculative purposes.

As of June 30, 2011, Park had mortgage loan interest rate lock commitments outstanding of approximately $18.0 million.  Park has specific forward contracts to sell each of these loans to a third party investor.  These loan commitments represent derivative instruments, which are required to be carried at fair value.  The derivative instruments used are not designated as hedges under GAAP.  At June 30, 2011, the fair value of the derivative instruments was approximately $242,000.  The fair value of the derivative instruments is included within loans held for sale and the corresponding income is included within non-yield loan fee income.  Gains and losses resulting from expected sales of mortgage loans are recognized when the respective loan contract is entered into between the borrower, Park, and the third party investor.  The fair value of Park's mortgage interest rate lock commitments (IRLCs) is based on current secondary market pricing.

In connection with the sale of Park's Class B Visa shares during the 2009 year, Park entered into a swap agreement with the purchaser of the shares. The swap agreement adjusts for dilution in the conversion ratio of Class B Visa shares resulting from certain Visa litigation. At June 30, 2011, the fair value of the swap liability of $200,000 is an estimate of the exposure based upon probability-weighted potential Visa litigation losses.

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Consolidated Condensed Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Assets:
Cash and due from banks	$ 131,604	$ 109,058
Money market instruments	85,512	24,722
Cash and cash equivalents	217,116	133,780
Investment securities
Securities available-for-sale, at fair value (amortized cost of $1,107,211 and $1,274,258 at June 30, 2011 and December 31, 2010)	1,117,397	1,297,522
Securities held-to-maturity, at amortized cost (fair value of $786,222 and $686,114 at June 30, 2011 and December 31, 2010)	775,311	673,570
Other investment securities	68,158	68,699
Total investment securities	1,960,866	2,039,791
Loans	4,710,513	4,732,685
Allowance for loan losses	(110,187)	(121,397)
Net loans	4,600,326	4,611,288
Bank owned life insurance	151,930	146,450
Goodwill and other intangible assets	77,039	78,377
Bank premises and equipment, net	69,830	69,567
Other real estate owned	47,997	44,325
Accrued interest receivable	22,624	24,137
Mortgage loan servicing rights	10,259	10,488
Other	170,699	140,174
Total assets	7,328,686	7,298,377
Liabilities and Stockholders' Equity:
Noninterest bearing	984,160	937,719
Interest bearing	4,273,357	4,157,701
Total deposits	5,257,517	5,095,420
Short-term borrowings	234,112	663,669
Long-term debt	821,202	636,733
Subordinated debentures and notes	75,250	75,250
Accrued interest payable	5,732	6,123
Other	187,113	75,358
Total liabilities	6,580,926	6,552,553
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:
Preferred stock (200,000 shares authorized; 100,000 shares issued with $1,000 per share liquidation preference)	97,718	97,290
Common stock (No par value; 20,000,000 shares authorized; 16,151,042 shares issued at June 30, 2011 and 16,151,062 shares issued at December 31, 2010)	301,203	301,204
Common stock warrants	4,406	4,473
Retained earnings	432,341	422,458
Treasury stock (752,129 shares at June 30, 2011 and 752,128 shares at December 31, 2010)	(77,733)	(77,733)
Accumulated other comprehensive (loss), net of taxes	(10,175)	(1,868)
Total stockholders' equity	747,760	745,824
Total liabilities and stockholders' equity	$ 7,328,686	$ 7,298,377

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Loan Servicing (Tables)

6 Months Ended

Jun. 30, 2011

Loan Servicing

Activity For MSRs And Related Valuation Allowance

(in thousands)	Three months ended June 30, 2011			Six months ended June 30, 2011
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	10,365		$	10,488
Additions		309			638
Amortization		(415	)		(935	)
Changes in valuation inputs & assumptions		-			68
Carrying amount, net, end of period	$	10,259		$	10,259
Valuation allowance:
Beginning of period	$	680		$	748
Changes due to fair value adjustments		-			(68	)
End of period	$	680		$	680

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Sale Of Common Shares And Issuance Of Common Stock Warrants (Details) (USD $)	3 Months Ended	6 Months Ended		12 Months Ended	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010 Series A Common Share Warrants [Member]	Jun. 30, 2011 Series B Common Share Warrants [Member]
Additional share of common stock issued	0	0
Common share warrants outstanding	227,376	227,376	227,376	35,992	35,992
Common share warrants exercise price					$ 76.41
Common share warrants expiration dates				Jun. 10, 2011	Dec. 10, 2011

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Allowance For Loan Losses (Allowance Calculation At The Segment Level And Adjusted Beginning Balance For The Allowance For Credit Losses) (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended		3 Months Ended	6 Months Ended		3 Months Ended	6 Months Ended		3 Months Ended	6 Months Ended		3 Months Ended	6 Months Ended		3 Months Ended	6 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011 Commercial, Financial And Agricultural [Member]	Jun. 30, 2011 Commercial, Financial And Agricultural [Member]	Dec. 31, 2010 Commercial, Financial And Agricultural [Member]	Jun. 30, 2011 Commercial Real Estate [Member]	Jun. 30, 2011 Commercial Real Estate [Member]	Dec. 31, 2010 Commercial Real Estate [Member]	Jun. 30, 2011 Construction Real Estate [Member]	Jun. 30, 2011 Construction Real Estate [Member]	Dec. 31, 2010 Construction Real Estate [Member]	Jun. 30, 2011 Residential Real Estate [Member]	Jun. 30, 2011 Residential Real Estate [Member]	Dec. 31, 2010 Residential Real Estate [Member]	Jun. 30, 2011 Consumer [Member]	Jun. 30, 2011 Consumer [Member]	Dec. 31, 2010 Consumer [Member]	Jun. 30, 2011 Leases [Member]	Mar. 31, 2011 Leases [Member]	Dec. 31, 2010 Leases [Member]
Beginning balance	$ 126,859	$ 119,674	$ 121,397	$ 116,717	$ 11,791	$ 13,584		$ 22,574	$ 28,515		$ 53,672	$ 46,194		$ 31,553	$ 25,845		$ 7,265	$ 7,228		$ 31	$ 4
Reallocation of allowance							(1,888)			(6,604)			5,759			2,948			(189)			(26)
Adjusted beginning balance			121,397			11,696			21,911			51,953			28,793			7,039		5
Charge-offs	42,005	13,273	52,404	28,851	5,030	5,764		6,565	8,350		23,679	27,099		4,789	7,276		1,942	3,915
Recoveries	1,433	1,025	3,794	3,010	327	896		22	824		117	213		390	891		577	967		3
Net Charge-offs	40,572	12,248	48,610	25,841	4,703	4,868		6,543	7,526		23,562	26,886		4,399	6,385		1,365	2,948		(3)
Provision	23,900	13,250	37,400	29,800	5,519	5,779		6,439	8,085		5,170	10,213		4,951	9,697		1,821	3,630		(4)
Ending balance	$ 110,187	$ 120,676	$ 110,187	$ 120,676	$ 12,607	$ 12,607		$ 22,470	$ 22,470		$ 35,280	$ 35,280		$ 32,105	$ 32,105		$ 7,721	$ 7,721		$ 4	$ 4

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Mortgage Loans Held For Sale (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Mortgage Loans Held For Sale
Mortgage loans held for sale, carrying value	$ 7,456	$ 8,340

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Fair Value (Narrative) (Details) (USD $)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Jun. 30, 2011	Dec. 31, 2010	Mar. 31, 2011
Fair Value
Book value of impaired loans	$ 200,400,000	$ 200,400,000	$ 250,933,000
Partial charge-offs on impaired loans		88,700,000	53,600,000
Valuation allowance of impaired loans	32,810,000	32,810,000	43,459,000
Book value of impaired loans carried at fair value	130,400,000	130,400,000
Remaining amount of impaired loans carried at cost		70,000,000	96,200,000
MSR recorded at lower of cost or fair value	10,259,000	10,259,000	10,488,000	10,365,000
Mortgage servicing rights	2,526,000	2,526,000	3,813,000
Valuation allowance of MSR	680,000	680,000	748,000	680,000
MSRs recorded at cost	7,800,000	7,800,000
Devaluation adjustments of OREO	5,300,000	9,700,000
Impaired loans carried at fair value, Fair value	97,608,000	97,608,000	111,257,000
Estimated fair value of OREO, less estimated selling costs	$ 47,997,000	$ 47,997,000	$ 44,325,000

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Loans (Loans Individually Evaluated For Impairment By Class Of Loans) (Details) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Unpaid principal balance	$ 289,090	$ 304,534
Recorded investment	200,400	250,933
Allowance for loan losses allocated	32,810	43,459
Commercial Real Estate [Member]
Recorded investment	47,243
Commercial Real Estate [Member] | With No Related Allowance Recorded [Member]
Unpaid principal balance	44,827	24,052
Recorded investment	31,624	19,697
Commercial Real Estate [Member] | With An Allowance Recorded [Member]
Unpaid principal balance	16,232	42,263
Recorded investment	15,619	38,233
Allowance for loan losses allocated	9,213	10,001
Consumer [Member]
Recorded investment	23
Consumer [Member] | With An Allowance Recorded [Member]
Unpaid principal balance	23
Recorded investment	23
Allowance for loan losses allocated	23
Commercial, Financial And Agricultural [Member]
Recorded investment	24,008
Commercial, Financial And Agricultural [Member] | With No Related Allowance Recorded [Member]
Unpaid principal balance	15,463	9,347
Recorded investment	12,271	8,891
Commercial, Financial And Agricultural [Member] | With An Allowance Recorded [Member]
Unpaid principal balance	14,619	11,801
Recorded investment	11,737	10,314
Allowance for loan losses allocated	3,265	3,028
Construction Real Estate - Vision Commercial Land And Development [Member]
Recorded investment	46,847
Construction Real Estate - Vision Commercial Land And Development [Member] | With No Related Allowance Recorded [Member]
Unpaid principal balance	32,843	23,021
Recorded investment	12,229	20,162
Construction Real Estate - Vision Commercial Land And Development [Member] | With An Allowance Recorded [Member]
Unpaid principal balance	63,696	92,122
Recorded investment	34,618	66,329
Allowance for loan losses allocated	11,763	23,585
Construction Real Estate - Remaining Commercial [Member]
Recorded investment	33,685
Construction Real Estate - Remaining Commercial [Member] | With No Related Allowance Recorded [Member]
Unpaid principal balance	24,403	15,192
Recorded investment	20,963	14,630
Construction Real Estate - Remaining Commercial [Member] | With An Allowance Recorded [Member]
Unpaid principal balance	21,918	20,676
Recorded investment	12,722	12,450
Allowance for loan losses allocated	3,586	2,802
Residential Real Estate - Commercial [Member]
Recorded investment	48,594
Residential Real Estate - Commercial [Member] | With No Related Allowance Recorded [Member]
Unpaid principal balance	40,176	51,261
Recorded investment	36,225	47,009
Residential Real Estate - Commercial [Member] | With An Allowance Recorded [Member]
Unpaid principal balance	14,890	14,799
Recorded investment	12,369	13,218
Allowance for loan losses allocated	$ 4,960	$ 4,043

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Loans (Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment) (Details) (USD $) In Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2011	Dec. 31, 2010
Recorded investment	$ 200,400	$ 200,400	$ 250,933
Average recorded investment	226,828	236,430
Interest income recognized	246	598
Commercial Real Estate [Member]
Recorded investment	47,243	47,243
Average recorded investment	51,359	53,619
Interest income recognized	54	124
Consumer [Member]
Recorded investment	23	23
Average recorded investment	5	12
Interest income recognized	1	1
Commercial, Financial And Agricultural [Member]
Recorded investment	24,008	24,008
Average recorded investment	20,688	20,203
Interest income recognized	41	106
Construction Real Estate - Vision Commercial Land And Development [Member]
Recorded investment	46,847	46,847
Average recorded investment	71,682	77,711
Construction Real Estate - Remaining Commercial [Member]
Recorded investment	33,685	33,685
Average recorded investment	27,998	27,616
Interest income recognized	136	214
Residential Real Estate - Commercial [Member]
Recorded investment	48,594	48,594
Average recorded investment	55,096	57,269
Interest income recognized	$ 14	$ 153

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Segment Information (Schedule Of Operating Results By Segment) (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Net interest income	$ 70,022	$ 68,721	$ 139,335	$ 136,101
Provision for loan losses	23,900	13,250	37,400	29,800
Other income (loss) and security gains	28,598	20,162	48,404	45,176
Other expense	47,007	47,001	93,353	94,891
Net income	20,317	21,166	41,695	41,945
Assets	7,328,686	7,093,098	7,328,686	7,093,098	7,298,377
PNB [Member]
Net interest income	60,542	59,612	120,779	118,011
Provision for loan losses	4,975	3,800	9,950	8,550
Other income (loss) and security gains	30,403	20,840	53,300	45,618
Other expense	36,315	35,752	72,636	72,554
Net income	34,250	27,850	63,279	56,185
Assets	6,565,419	6,215,606	6,565,419	6,215,606
VB [Member]
Net interest income	7,000	6,914	13,755	13,805
Provision for loan losses	18,400	8,900	26,400	20,200
Other income (loss) and security gains	(246)	(756)	(3,422)	(605)
Other expense	8,174	8,237	15,599	16,091
Net income	(12,855)	(6,756)	(20,519)	(14,212)
Assets	750,642	863,315	750,642	863,315
All Other [Member]
Net interest income	2,480	2,195	4,801	4,285
Provision for loan losses	525	550	1,050	1,050
Other income (loss) and security gains	(1,559)	78	(1,474)	163
Other expense	2,518	3,012	5,118	6,246
Net income	(1,078)	72	(1,065)	(28)
Assets	$ 12,625	$ 14,177	$ 12,625	$ 14,177

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Fair Value (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

Fair Value

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Fair Value Measurements at June 30, 2011 using:
(in thousands)	Level 1		Level 2		Level 3		Balance at June 30, 2011
Assets
Investment securities
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	-	$	308,655	$	-	$	308,655
Obligations of states and political subdivisions		-		5,109				5,109
U.S. Government sponsored entities' asset-backed securities		-		801,924		-		801,924
Equity securities		968		-		741		1,709
Mortgage loans held for sale		-		7,456		-		7,456
Mortgage IRLCs		-		242		-		242
Liabilities
Interest rate swap	$	-	$	1,338	$	-	$	1,338
Fair value swap		-		-		200		200

Fair Value Measurements at December 31, 2010 using:
(in thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2010
Assets
Investment securities
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	-	$	273,313	$	-	$	273,313
Obligations of states and political subdivisions		-		8,446		2,598		11,044
U.S. Government sponsored entities' asset-backed securities		-		1,011,412		-		1,011,412
Equity securities		1,008		-		745		1,753
Mortgage loans held for sale		-		8,340		-		8,340
Mortgage IRLCs		-		166		-		166
Liabilities
Interest rate swap	$	-	$	1,634	$	-	$	1,634
Fair value swap		-		-		60		60

Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis

Level 3 Fair Value Measurements Three months ended June 30, 2011 and 2010
(in thousands)	Obligations of states and political subdivisions			Equity Securities		Fair value swap
Balance, at March 31, 2011	$	2,470		$	740	$	(60	)
Total gains/(losses)
Included in earnings – realized		-			-		-
Included in earnings – unrealized		-			-		-
Included in other comprehensive income		-			1		-
Purchases, sales, issuances and settlements, other, net		(2,470	)		-		(140	)
Balance June 30, 2011	$	0		$	741	$	(200	)
Balance, at March 31, 2010	$	2,744		$	-	$	(500	)
Total gains/(losses)
Included in earnings – realized		-			-		-
Included in earnings – unrealized		-			-		-
Included in other comprehensive income		12			-		-
Purchases, sales, issuances and settlements, other, net		-			-		160
Balance June 30, 2010	$	2,756		$	-	$	(340	)

Level 3 Fair Value Measurements Six months ended June 30, 2011 and 2010
(in thousands)	Obligations of states and political subdivisions			Equity Securities			Fair value swap
Balance, at January 1, 2011	$	2,598		$	745		$	(60	)
Total gains/(losses)
Included in earnings – realized		-						-
Included in earnings – unrealized		(128	)					-
Included in other comprehensive income		-			(4	)		-
Purchases, sales, issuances and settlements, other, net		(2,470	)					(140	)
Balance June 30, 2011	$	0		$	741		$	(200	)
Balance, at January 1, 2010	$	2,751		$	-		$	(500	)
Total gains/(losses)
Included in earnings – realized		-			-			-
Included in earnings – unrealized		-			-			-
Included in other comprehensive income		5			-			-
Purchases, sales, issuances and settlements, other, net		-			-			160
Balance June 30, 2010	$	2,756		$	-		$	(340	)

Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis

Fair Value Measurements at June 30, 2011 using:
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Balance at June 30, 2011
Impaired loans:
Commercial, financial and agricultural	$	-	$	-	$	15,760	$	15,760
Commercial real estate		-		-		23,353		23,353
Construction real estate:
Vision commercial land and development		-		-		34,437		34,437
Remaining commercial		-		-		11,767		11,767
Residential real estate		-		-		12,291		12,291
Total impaired loans	$	-	$	-	$	97,608	$	97,608
Mortgage servicing rights		-		2,526		-		2,526
Other real estate owned		-		-		47,997		47,997

Fair Value Measurements at December 31, 2010 Using:
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Balance at December 31, 2010
Impaired loans:
Commercial, financial and agricultural	$	-	$	-	$	8,276	$	8,276
Commercial real estate						32,354		32,354
Construction real estate:
Vision commercial land and development						45,121		45,121
Remaining commercial						10,202		10,202
Residential real estate						15,304		15,304
Total impaired loans	$	-	$	-	$	111,257	$	111,257
Mortgage servicing rights		-		3,813		-		3,813
Other real estate owned		-		-		44,325		44,325

Fair Value Of Financial Instruments

(in thousands)	June 30, 2011				December 31, 2010
Financial assets:	Carrying value		Fair value		Carrying value		Fair value
Cash and money market instruments	$	217,116	$	217,116	$	133,780	$	133,780
Investment securities		1,892,708		1,903,619		1,971,092		1,983,636
Accrued interest receivable		22,624		22,624		24,137		24,137
Mortgage loans held for sale		7,456		7,456		8,340		8,340
Impaired loans carried at fair value		97,608		97,608		111,257		111,257
Other loans		4,495,262		4,507,242		4,491,691		4,511,419
Loans receivable, net	$	4,600,326	$	4,612,306	$	4,611,288	$	4,631,016
Financial liabilities:
Noninterest bearing checking accounts	$	984,160	$	984,160	$	937,719	$	937,719
Interest bearing transactions accounts		1,485,383		1,485,383		1,283,159		1,283,159
Savings accounts		950,777		950,777		899,288		899,288
Time deposits		1,832,992		1,843,327		1,973,903		1,990,163
Other		4,205		4,205		1,351		1,351
Total deposits	$	5,257,517	$	5,267,852	$	5,095,420	$	5,111,680
Short-term borrowings	$	234,112	$	234,112	$	663,669	$	663,669
Long-term debt		821,202		889,068		636,733		699,080
Subordinated debentures/notes		75,250		66,681		75,250		63,099
Accrued interest payable		5,732		5,732		6,123		6,123
Derivative financial instruments:
Interest rate swap	$	1,338	$	1,338	$	1,634	$	1,634
Fair value swap		200		200		60		60