Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

Note 8 – Segment Information

The Corporation is a bank holding company headquartered in Newark, Ohio. Prior to February 16, 2012 the operating segments for the Corporation were its two chartered bank subsidiaries, The Park National Bank (headquartered in Newark, Ohio) (“PNB”) and Vision Bank (“VB” or “Vision”) (headquartered in Panama City, Florida). On February 16, 2012, Vision sold certain assets and liabilities to Centennial Bank (see Note 3).Promptly following the closing of the transaction, Vision surrendered its Florida banking charter to the Florida Office of Financial Regulation and became a non-bank Florida corporation (the “Florida Corporation”).The Florida Corporation merged with and into a wholly-owned non-bank subsidiary of Park, SE Property Holdings, LLC (“SE LLC”), with SE LLC being the surviving entity.The closing of this transaction prompted Park to add SE LLC as a reportable segment.Additionally, due to the increased significance of the entity, Guardian Financial Services Company (“GFSC”) was added as a reportable segment during the first quarter of 2012.

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 the company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park has three operating segments, as: (i) discrete financial information is available for each operating segment and (ii) the segments are aligned with internal reporting to Park’s Chairman and Chief Executive Officer, who is the chief operating decision maker.

	Operating Results for the three months ended March 31, 2012
(in thousands)	PNB	VB	GFSC		SE LLC	All Other	Total
Net interest income	$55,846	$-	$2,211		$2,610	$1,061	$61,728
Provision for loan losses	4,672	-	250		4,078	-	9,000
Other income and security gains	16,661	-	-		22,891	68	39,620
Other expense	38,056	-	721		7,503	1,528	47,808
Net income	21,561	-	806		9,059	49	31,475
Assets (as of March 31, 2012)	$6,587,773	$-	$47,380	$161,493		$(19,795)	$ 6,776,851

	Operating Results for the three months ended March 31, 2011
(in thousands)	PNB	VB	GFSC	SE LLC	All Other	Total
Net interest income	$60,236	$6,755	$2,025	$-	$297	$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	577	-	2,023	46,346
Net income (loss)	29,030	(6,846)	600	-	(588)	22,196
Assets (as of March 31, 2011)	$ 6,573,541	$786,856	$45,366	$20,000	$(102,658)	$7,323,105

The operating results of the Parent Company 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, 2012 and 2011.The reconciling amounts for consolidated total assets for the periods ended March 31, 2012 and 2011 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.