Basis Of Presentation (Tables)

6 Months Ended

Jun. 30, 2011

Restated Financial Statement Line Items And Regulatory Capital Ratios


Effect on Consolidated Condensed Balance Sheet
	June 30, 2011
	As Previously Reported		As Restated		Effect of Change
Allowance for loan losses	$	110,187	$	120,174	$	9,987
Net loans		4,600,326		4,590,339		(9,987	)
Other real estate owned		47,997		47,734		(263	)
Other assets		170,699		174,287		3,588
Total assets		7,328,686		7,322,024		(6,662	)
Retained earnings		432,341		425,679		(6,662	)
Total stockholders' equity		747,760		741,098		(6,662	)
Total liabilities and stockholders' equity		7,328,686		7,322,024		(6,662	)


Effect on Consolidated Condensed Statements of Income
	Three months ended June 30, 2011
	As Previously Reported			As Restated			Effect of Change
Provision for loan losses	$	23,900		$	12,516		$	(11,384	)
Net interest income after provision for loan losses		46,122			57,506			11,384
OREO devaluations		(5,257	)		(3,355	)		1,902
Total other income		13,236			15,138			1,902
Income before income taxes		27,713			40,999			13,286
Income taxes		7,396			12,046			4,650
Net income		20,317			28,953			8,636
Net income available to common shareholders		18,853			27,489			8,636

Earnings per common share
Basic	$	1.22		$	1.79		$	0.57
Diluted	$	1.22		$	1.79		$	0.57


Effect on Consolidated Condensed Statements of Income
	Six months ended June 30, 2011
	As Previously Reported			As Restated			Effect of Change
Provision for loan losses	$	37,400		$	26,616		$	(10,784	)
Net interest income after provision for loan losses		101,935			112,719			10,784
OREO devaluations		(9,651	)		(5,890	)		3,761
Total other income		26,407			30,168			3,761
Income before income taxes		56,986			71,531			14,545
Income taxes		15,291			20,382			5,091
Net income		41,695			51,149			9,454
Net income available to common shareholders		38,767			48,221			9,454

Earnings per common share
Basic	$	2.52		$	3.13		$	0.61
Diluted	$	2.52		$	3.13		$	0.61


Effect on Consolidated Condensed Statements of Changes in Stockholders' Equity
	Six months ended June 30, 2011
	As Previously Reported		As Restated		Effect of Change
Retained earnings, December 31, 2010	$	422,458	$	406,342	$	(16,116	)
Net income		41,695		51,149		9,454
Total comprehensive income		33,388		42,842		9,454
Retained earnings, June 30, 2011		432,341		425,679		(6,662	)


Effect on Consolidated Condensed Statements of Cash Flows
	Six months ended June 30, 2011
	As Previously Reported			As Restated			Effect of Change
Net income	$	41,695		$	51,149		$	9,454
Provision for loan losses		37,400			26,616			(10,784	)
OREO devaluations		9,651			5,890			(3,761	)
(Increase) in other assets		(43,293	)		(38,202	)		5,091


Effect on Park National Corporation's Capital Ratios
	June 30, 2011
	As Previously Reported			As Restated			Effect of Change
Tier 1 Leverage Ratio		9.54	%		9.47	%		-0.07	%
Tier 1 Risk-based Capital Ratio		13.72	%		13.60	%		-0.12	%
Total Risk-based Capital Ratio		16.18	%		16.07	%		-0.11	%

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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