Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2011
(in thousands)	PNB		VB Restated			All Other			Total Restated
Net interest income	$	60,542	$	7,000		$	2,480		$	70,022
Provision for loan losses		4,975		7,016			525			12,516
Other income (loss) and security gains		30,403		1,656			(1,559	)		30,500
Other expense		36,315		8,174			2,518			47,007
Net income (loss)		34,250		(4,219	)		(1,078	)		28,953
Balance at June 30, 2011
Assets	$	6,565,419	$	743,980		$	12,625		$	7,322,024

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 Restated			All Other			Total Restated
Net interest income	$	120,779	$	13,755		$	4,801		$	139,335
Provision for loan losses		9,950		15,616			1,050			26,616
Other income (loss) and security gains		53,300		339			(1,474	)		52,165
Other expense		72,636		15,599			5,118			93,353
Net income (loss)		63,279		(11,065	)		(1,065	)		51,149

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.