Document And Entity Information (USD $)

12 Months Ended

Dec. 31, 2010

Feb. 25, 2011

Jun. 30, 2010

Document And Entity Information [Abstract]

Document Type

10-K

Amendment Flag

true

Amendment Description

EXPLANATORY NOTE

Park National Corporation ("Park") is filing this Form 10-K/A (Amendment No. 2) (this"2010 form 10-K/A – Amendment 2") with respect to its Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as originally filed with the Securities and Exchange Commission (the "SEC") on February 28, 2011 (the "Original 2010 Form 10-K") and amended by the form 10-K/A Amendment No. 1, filed on October 11, 2011 (the "2010 Form 10-K/A – Amendment 1"), in order to amend Part I – items 1, 1A and 2, Part II – items 6, 7, 7A, 8 and 9A and Part IV – Item 15. This 2010 Form 10-K/A – Amendment 2 is being filed to amend and restate our audited consolidated financial statements as of and for the fiscal year ended December 31, 2010 included in "Item 8 – Financial Statements and Supplementary Data" of Part II and related disclosures in "Item 7 – Management's Discussion and Analysis of Financial Condition and Results of Operations About Market Risk" of Park II, to make the corrections identified below and to reflect an additional material weakness in internal control over financial reporting as of December 31, 2010.

This 2010 Form 10-K/A – Amendment 2 is being filed to reflect the restatement of Park's audited consolidated financial statements as of and for the year ended December 31, 2010, which results in the following corrections:

Impact on Items Reported in Consolidated Statements of Income:

The provision for loan losses increased by $22.2 million to $87.1 million, compared to $64.9 million as originally reported.

Net interest income after provision for loan losses decreased by $22.2 million to $187.0 million, compared to $209.1 million as originally reported.

Other real estate owned ("OREO") devaluations increased by $2.6 million to $13.2 million, compared to $10.6 million as originally reported.

Total other income decreased by $2.6 million to $74.9 million, compared to $77.5 million as originally reported.

Income before income taxes decreased by $24.8 million to $74.7 million, compared to $99.5 million as originally reported.

Income taxes decreased by $8.7 million to $16.6 million, compared to $25.3 million as originally reported.

Net income decreased by $16.1 million to $58.1 million, compared to $74.2 million as originally reported.

Income available to common shareholders declined by $16.1 million to $52.3 million, compared to $68.4 million as originally reported.

Basic and diluted earnings per share decreased by $1.06 to $3.45 per share, compared to $4.51 per common share as originally reported.

Impact on Items Reported in Consolidated Balance Sheets:

The allowance for loan losses increased by $22.2 million to $143.6 million, compared to $121.4 million as originally reported.

Loans, net of the allowance for loan losses decreased by $22.2 million to $4,589 million, compared to $4,611 million as originally reported.

OREO decreased by $2.6 million to $41.7 million, compared to $44.3 million as originally reported.

Other assets increased by $8.7 million to $148.9 million, compared to $140.2 million as originally reported. The only adjustment within other assets was to reflect the deferred tax asset impact of the restatement.

Total assets decreased by $16.1 million to $7,282 million, compared to $7,298 million as originally reported.

Retained earnings decreased by $16.1 million to $406.3 million, compared to $422.5 million as originally reported.

Total stockholders' equity decreased by $16.1 million to $729.7 million, compared to $745.8 million as originally reported.

Total liabilities and stockholders' equity decreased by $16.1 million to $7,282 million, compared to $7,298 million as originally reported.

For a more detailed description of the restatement of the consolidated financial statements, see Note 1A, "Restatement of Financial Statements" in our Notes to Consolidated Financial Statements.

Park has not modified or updated the information in the Original 2010 Form 10-K, except as necessary to reflect the effects of the restated consolidated financial statements which took into consideration subsequent additional information about conditions that existed at December 31, 2010. This 2010 Form 10-K/A - Amendment 2 continues to speak as of the dates described herein, and we have not updated the disclosures contained in the 2010 Form 10-K as previously amended by the 2010 Form 10-K/A Amendment 1, to reflect any events that occurred subsequent to such dates except as necessitated by the restatement. Information not affected by the restatement is unchanged and reflects the disclosures made at the time of the filing of the original 2010 Form 10-K on February 28, 2011 or of the 2010 Form 10-K/A – Amendment 1 on October 11, 2011, as appropriate. Accordingly, this 2010 Form 10-K/A - Amendment 2 should be read in conjunction with our subsequent filings with the SEC, as information in such filings may update or supersede certain information contained in this 2010 Form 10-K/A - Amendment 2.

Park has modified "Item 9A – Controls and Procedures" of Part II in order to reflect the reevaluation by Park's management of the effectiveness of the design and operation of Park's disclosure controls and procedures and the effectiveness of Park's internal controls over financial reporting, in each case as of December 31, 2010, in connection with the restatement of the consolidated financial statements as described in this 2010 Form 10-K/A – Amendment 2.

Park has updated certain references included in "Item 1 – Business" of Part I to reflect the location of the restated financial information. Park has also modified references in "item 1 – Business" and Item 2 – Properties" of Part I from this "Annual Report on form 10-K" to the "Original 2010 Form 10-K" where appropriate.

Park has updated several of the risk factors included in "Item 1A – Risk Factors" of Part I to include the restated financial information where appropriate.

Park has updated the Computation of Ratio of Earnings to Fixed Charges and the Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends included as Exhibit 12 to this 2010 Form 10-K/A – Amendment 2, in order to reflect the corrected consolidated financial information.

Updated certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 have been included as Exhibits 31.1 and 31.2 to this 2010 Form 10-K/A – Amendment 2, updated certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been included as Exhibit 32 to this 2010 Form 10-K/A – Amendment 2 and an updated Consent of Crowe Horwath LLP has been included as Exhibit 23 to this 2010 Form 10-K/A – Amendment 2. In addition, "Item 15 – Exhibits and Financial Statement Schedules" of Part IV of this 2010 Form 10-K/A – Amendment 2 has been updated to reflect the updated exhibits.

For the convenience of the reader, this 2010 Form 10-K/A - Amendment 2 sets forth the disclosures to be included in the Form 10-K for the fiscal year ended December 31, 2010 in their entirety, although Park is only amending and restating Items 1, 1A and 2 of Part I, Items 6, 7, 7A, 8 and 9A of Part II and Item 15 of Part IV from the Original 2010 form 10-K, as previously amended by the 2010 Form 10-K/A – Amendment 1, as these are the only items affected by the corrected consolidated financial information.

Document Period End Date

Dec. 31, 2010

Document Fiscal Year Focus

2010

Document Fiscal Period Focus

Entity Registrant Name

PARK NATIONAL CORP /OH/

Entity Central Index Key

0000805676

Entity Current Reporting Status

Yes

Entity Voluntary Filers