Segment Information

3 Months Ended

Mar. 31, 2011

Segment Information [Abstract]

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 March 31, 2011 (Restated)
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	60,236	$	6,755		$	2,322		$	69,313
Provision for loan losses		4,975		8,600			525			14,100
Other income (loss) and security gains		22,897		(1,318	)		86			21,665
Other expense		36,321		7,425			2,600			46,346
Net income (loss)		29,030		(6,846	)		12			22,196
Balance at March 31, 2011
Assets	$	6,573,541	$	786,856		$	(37,292	)	$	7,323,105

Operating Results for the three months ended March 31, 2010
(in thousands)	PNB		VB			All Other			Total
Net interest income	$	58,399	$	6,891		$	2,090		$	67,380
Provision for loan losses		4,750		11,300			500			16,550
Other income and security gains		24,778		151			85			25,014
Other expense		36,802		7,854			3,234			47,890
Net income (loss)		28,335		(7,456	)		(100	)		20,779
Balance at March 31, 2010
Assets	$	6,310,720	$	881,705		$	(16,338	)	$	7,176,087

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 month periods ended March 31, 2011 and 2010. The reconciling amounts for consolidated total assets for the three month periods ended March 31, 2011 and 2010, consist of the elimination of intersegment borrowings and the assets of the Parent Company and GFC which are not eliminated.