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Segment Information | 6 Months Ended
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Jun. 30, 2011
Segment Information |
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 |  |  | All Other |  |  | Total |
Net interest income |  | $ | 60,542 |  |  | $ | 7,000 |  |  | $ | 2,480 |  |  | $ | 70,022 |
Provision for loan losses |  |  | 4,975 |  |  |  | 18,400 |  |  |  | 525 |  |  |  | 23,900 |
Other income (loss) and security gains |  |  | 30,403 |  |  |  | (246 | ) |  |  | (1,559 | ) |  |  | 28,598 |
Other expense |  |  | 36,315 |  |  |  | 8,174 |  |  |  | 2,518 |  |  |  | 47,007 |
Net income (loss) |  |  | 34,250 |  |  |  | (12,855 | ) |  |  | (1,078 | ) |  |  | 20,317 |
Balance at June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | $ | 6,565,419 |  |  | $ | 750,642 |  |  | $ | 12,625 |  |  | $ | 7,328,686 |
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 |  |  | All Other |  |  | Total |
Net interest income |  | $ | 120,779 |  |  | $ | 13,755 |  |  | $ | 4,801 |  |  | $ | 139,335 |
Provision for loan losses |  |  | 9,950 |  |  |  | 26,400 |  |  |  | 1,050 |  |  |  | 37,400 |
Other income (loss) and security gains |  |  | 53,300 |  |  |  | (3,422 | ) |  |  | (1,474 | ) |  |  | 48,404 |
Other expense |  |  | 72,636 |  |  |  | 15,599 |  |  |  | 5,118 |  |  |  | 93,353 |
Net income (loss) |  |  | 63,279 |  |  |  | (20,519 | ) |  |  | (1,065 | ) |  |  | 41,695 |
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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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