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Capital Ratios | 12 Months Ended
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Dec. 31, 2010
Capital Ratios [Abstract] |
Capital Ratios | 22. CAPITAL RATIOS At December 31, 2010 and 2009, the Corporation and each of its two separately chartered banks had Tier 1, total risk-based capital and leverage ratios which were well above both the required minimum levels of 4.00%, 8.00% and 4.00%, respectively, and the well-capitalized levels of 6.00%, 10.00% and 5.00%, respectively. The following table indicates the capital ratios for Park and each subsidiary at December 31, 2010 and December 31, 2009.
|  | 2010 |  |  | 2009 |
|  | Tier 1 |  |  | Total |  |  |  |  |  | Tier 1 |  |  | Total |  |  |  |
|  | Risk- |  |  | Risk- |  |  |  |  |  | Risk- |  |  | Risk- |  |  |  |
|  | Based |  |  | Based |  |  | Leverage |  |  | Based |  |  | Based |  |  | Leverage |
Park National Bank |  |  | 9.43 | % |  |  | 11.38 | % |  |  | 6.68 | % |  |  | 8.81 | % |  |  | 10.89 | % |  |  | 6.27 | %
Vision Bank |  |  | 11.75 | % |  |  | 13.12 | % |  |  | 9.12 | % |  |  | 13.15 | % |  |  | 14.46 | % |  |  | 10.77 | %
Park |  |  | 13.24 | % |  |  | 15.71 | % |  |  | 9.54 | % |  |  | 12.45 | % |  |  | 14.89 | % |  |  | 9.04 | %
Failure to meet the minimum requirements above could cause the Federal Reserve Board to take action. Park's bank subsidiaries are also subject to these capital requirements by their primary regulators. As of December 31, 2010 and 2009, Park and its banking subsidiaries were well-capitalized and met all capital requirements to which each was subject. There are no conditions or events since the most recent regulatory report filings, by PNB or Vision Bank ("VB"), that management believes have changed the risk categories for either of the two banks.
The following table reflects various measures of capital for Park and each of PNB and VB: |
|  |  |  |  |  |  |  | To Be Adequately Capitalized |  |  | To Be Well Capitalized |
(In thousands) |  | Actual Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
At December 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total risk-based capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PNB |  | $ | 495,668 |  |  |  | 11.38 | % |  | $ | 348,452 |  |  |  | 8.00 | % |  | $ | 435,565 |  |  |  | 10.00 | %
VB (1) |  |  | 80,305 |  |  |  | 13.12 | % |  |  | 50,249 |  |  |  | 8.00 | % |  |  | 62,812 |  |  |  | 10.00 | %
Park |  |  | 786,214 |  |  |  | 15.71 | % |  |  | 401,590 |  |  |  | 8.00 | % |  |  | 501,988 |  |  |  | 10.00 | %
Tier 1 risk-based capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PNB |  | $ | 410,879 |  |  |  | 9.43 | % |  | $ | 174,226 |  |  |  | 4.00 | % |  | $ | 261,339 |  |  |  | 6.00 | %
VB |  |  | 71,897 |  |  |  | 11.75 | % |  |  | 25,125 |  |  |  | 4.00 | % |  |  | 37,687 |  |  |  | 6.00 | %
Park |  |  | 662,390 |  |  |  | 13.24 | % |  |  | 200,795 |  |  |  | 4.00 | % |  |  | 301,193 |  |  |  | 6.00 | %
Leverage ratio (to average total assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PNB |  | $ | 410,879 |  |  |  | 6.68 | % |  | $ | 246,084 |  |  |  | 4.00 | % |  | $ | 307,605 |  |  |  | 5.00 | %
VB (1) |  |  | 71,897 |  |  |  | 9.12 | % |  |  | 32,585 |  |  |  | 4.00 | % |  |  | 40,732 |  |  |  | 5.00 | %
Park |  |  | 662,390 |  |  |  | 9.54 | % |  |  | 277,824 |  |  |  | 4.00 | % |  |  | 347,280 |  |  |  | 5.00 | %
At December 31, 2009: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total risk-based capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PNB |  | $ | 473,694 |  |  |  | 10.89 | % |  | $ | 348,013 |  |  |  | 8.00 | % |  | $ | 435,016 |  |  |  | 10.00 | %
VB |  |  | 103,819 |  |  |  | 14.46 | % |  |  | 57,454 |  |  |  | 8.00 | % |  |  | 71,817 |  |  |  | 10.00 | %
Park |  |  | 758,291 |  |  |  | 14.89 | % |  |  | 407,366 |  |  |  | 8.00 | % |  |  | 509,207 |  |  |  | 10.00 | %
Tier 1 risk-based capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PNB |  | $ | 383,296 |  |  |  | 8.81 | % |  | $ | 174,006 |  |  |  | 4.00 | % |  | $ | 261,010 |  |  |  | 6.00 | %
VB |  |  | 94,408 |  |  |  | 13.15 | % |  |  | 28,727 |  |  |  | 4.00 | % |  |  | 43,090 |  |  |  | 6.00 | %
Park |  |  | 633,726 |  |  |  | 12.45 | % |  |  | 203,683 |  |  |  | 4.00 | % |  |  | 305,524 |  |  |  | 6.00 | %
Leverage ratio (to average total assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PNB |  | $ | 383,296 |  |  |  | 6.27 | % |  | $ | 244,368 |  |  |  | 4.00 | % |  | $ | 305,460 |  |  |  | 5.00 | %
VB |  |  | 94,408 |  |  |  | 10.77 | % |  |  | 35,054 |  |  |  | 4.00 | % |  |  | 43,818 |  |  |  | 5.00 | %
Park |  |  | 633,726 |  |  |  | 9.04 | % |  |  | 280,286 |  |  |  | 4.00 | % |  |  | 350,357 |  |  |  | 5.00 | %
(1) Park management has agreed to maintain Vision Bank's total risk-based capital at 16.00% and the leverage ratio at 12.00%. As a result of the restatement, Vision Bank's total risk-based capital ratio declined from 19.55% to 13.12% and its leverage ratio declined from 14.05% to 9.12%.

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