XML 37 R1.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Document And Entity Information (USD $) | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2010 | Feb. 25, 2011 | Jun. 30, 2010
Document And Entity Information [Abstract] |  |  |
Document Type | 10-K |  |
Amendment Flag | true |  |
Amendment Description | EXPLANATORY NOTE Park National Corporation ("Park") is filing this Form 10-K/A (Amendment No. 2) (this"2010 form 10-K/A – Amendment 2") with respect to its Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as originally filed with the Securities and Exchange Commission (the "SEC") on February 28, 2011 (the "Original 2010 Form 10-K") and amended by the form 10-K/A Amendment No. 1, filed on October 11, 2011 (the "2010 Form 10-K/A – Amendment 1"), in order to amend Part I – items 1, 1A and 2, Part II – items 6, 7, 7A, 8 and 9A and Part IV – Item 15. This 2010 Form 10-K/A – Amendment 2 is being filed to amend and restate our audited consolidated financial statements as of and for the fiscal year ended December 31, 2010 included in "Item 8 – Financial Statements and Supplementary Data" of Part II and related disclosures in "Item 7 – Management's Discussion and Analysis of Financial Condition and Results of Operations About Market Risk" of Park II, to make the corrections identified below and to reflect an additional material weakness in internal control over financial reporting as of December 31, 2010. This 2010 Form 10-K/A – Amendment 2 is being filed to reflect the restatement of Park's audited consolidated financial statements as of and for the year ended December 31, 2010, which results in the following corrections: Impact on Items Reported in Consolidated Statements of Income:
| · | The provision for loan losses increased by $22.2 million to $87.1 million, compared to $64.9 million as originally reported.
| · | Net interest income after provision for loan losses decreased by $22.2 million to $187.0 million, compared to $209.1 million as originally reported.
| · | Other real estate owned ("OREO") devaluations increased by $2.6 million to $13.2 million, compared to $10.6 million as originally reported.
| · | Total other income decreased by $2.6 million to $74.9 million, compared to $77.5 million as originally reported.
| · | Income before income taxes decreased by $24.8 million to $74.7 million, compared to $99.5 million as originally reported.
| · | Income taxes decreased by $8.7 million to $16.6 million, compared to $25.3 million as originally reported.
| · | Net income decreased by $16.1 million to $58.1 million, compared to $74.2 million as originally reported.
| · | Income available to common shareholders declined by $16.1 million to $52.3 million, compared to $68.4 million as originally reported.
| · | Basic and diluted earnings per share decreased by $1.06 to $3.45 per share, compared to $4.51 per common share as originally reported.
Impact on Items Reported in Consolidated Balance Sheets:
| · | The allowance for loan losses increased by $22.2 million to $143.6 million, compared to $121.4 million as originally reported.
| · | Loans, net of the allowance for loan losses decreased by $22.2 million to $4,589 million, compared to $4,611 million as originally reported.
| · | OREO decreased by $2.6 million to $41.7 million, compared to $44.3 million as originally reported.
| · | Other assets increased by $8.7 million to $148.9 million, compared to $140.2 million as originally reported. The only adjustment within other assets was to reflect the deferred tax asset impact of the restatement.
| · | Total assets decreased by $16.1 million to $7,282 million, compared to $7,298 million as originally reported.
| · | Retained earnings decreased by $16.1 million to $406.3 million, compared to $422.5 million as originally reported.
| · | Total stockholders' equity decreased by $16.1 million to $729.7 million, compared to $745.8 million as originally reported.
| · | Total liabilities and stockholders' equity decreased by $16.1 million to $7,282 million, compared to $7,298 million as originally reported.
For a more detailed description of the restatement of the consolidated financial statements, see Note 1A, "Restatement of Financial Statements" in our Notes to Consolidated Financial Statements. Park has not modified or updated the information in the Original 2010 Form 10-K, except as necessary to reflect the effects of the restated consolidated financial statements which took into consideration subsequent additional information about conditions that existed at December 31, 2010. This 2010 Form 10-K/A - Amendment 2 continues to speak as of the dates described herein, and we have not updated the disclosures contained in the 2010 Form 10-K as previously amended by the 2010 Form 10-K/A Amendment 1, to reflect any events that occurred subsequent to such dates except as necessitated by the restatement. Information not affected by the restatement is unchanged and reflects the disclosures made at the time of the filing of the original 2010 Form 10-K on February 28, 2011 or of the 2010 Form 10-K/A – Amendment 1 on October 11, 2011, as appropriate. Accordingly, this 2010 Form 10-K/A - Amendment 2 should be read in conjunction with our subsequent filings with the SEC, as information in such filings may update or supersede certain information contained in this 2010 Form 10-K/A - Amendment 2. Park has modified "Item 9A – Controls and Procedures" of Part II in order to reflect the reevaluation by Park's management of the effectiveness of the design and operation of Park's disclosure controls and procedures and the effectiveness of Park's internal controls over financial reporting, in each case as of December 31, 2010, in connection with the restatement of the consolidated financial statements as described in this 2010 Form 10-K/A – Amendment 2. Park has updated certain references included in "Item 1 – Business" of Part I to reflect the location of the restated financial information. Park has also modified references in "item 1 – Business" and Item 2 – Properties" of Part I from this "Annual Report on form 10-K" to the "Original 2010 Form 10-K" where appropriate. Park has updated several of the risk factors included in "Item 1A – Risk Factors" of Part I to include the restated financial information where appropriate. Park has updated the Computation of Ratio of Earnings to Fixed Charges and the Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends included as Exhibit 12 to this 2010 Form 10-K/A – Amendment 2, in order to reflect the corrected consolidated financial information. Updated certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 have been included as Exhibits 31.1 and 31.2 to this 2010 Form 10-K/A – Amendment 2, updated certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been included as Exhibit 32 to this 2010 Form 10-K/A – Amendment 2 and an updated Consent of Crowe Horwath LLP has been included as Exhibit 23 to this 2010 Form 10-K/A – Amendment 2. In addition, "Item 15 – Exhibits and Financial Statement Schedules" of Part IV of this 2010 Form 10-K/A – Amendment 2 has been updated to reflect the updated exhibits. For the convenience of the reader, this 2010 Form 10-K/A - Amendment 2 sets forth the disclosures to be included in the Form 10-K for the fiscal year ended December 31, 2010 in their entirety, although Park is only amending and restating Items 1, 1A and 2 of Part I, Items 6, 7, 7A, 8 and 9A of Part II and Item 15 of Part IV from the Original 2010 form 10-K, as previously amended by the 2010 Form 10-K/A – Amendment 1, as these are the only items affected by the corrected consolidated financial information. |  |
Document Period End Date | Dec. 31, 2010 |  |
Document Fiscal Year Focus | 2010 |  |
Document Fiscal Period Focus | FY |  |
Entity Registrant Name | PARK NATIONAL CORP /OH/ |  |
Entity Central Index Key | 0000805676 |  |
Entity Current Reporting Status | Yes |  |
Entity Voluntary Filers | No |  |
Entity Well-known Seasoned Issuer | Yes |  |
Current Fiscal Year End Date | --12-31 |  |
Entity Filer Category | Large Accelerated Filer |  |
Entity Common Stock, Shares Outstanding |  | 15,398,931 |
Entity Public Float |  |  | $ 949,242,036

X
- Definition Description of changes contained within amended document. + References No definition available. + Details
Name: | dei_AmendmentDescription
Namespace Prefix: | dei_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition If the value is true, then the document as an amendment to previously-filed/accepted document. + References No definition available. + Details
Name: | dei_AmendmentFlag
Namespace Prefix: | dei_
Data Type: | xbrli:booleanItemType
Balance Type: | na
Period Type: | duration

X
- Definition End date of current fiscal year in the format --MM-DD. + References No definition available. + Details
Name: | dei_CurrentFiscalYearEndDate
Namespace Prefix: | dei_
Data Type: | xbrli:gMonthDayItemType
Balance Type: | na
Period Type: | duration

X
- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. + References No definition available. + Details
Name: | dei_DocumentFiscalPeriodFocus
Namespace Prefix: | dei_
Data Type: | us-types:fiscalPeriodItemType
Balance Type: | na
Period Type: | duration

X
- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. + References No definition available. + Details
Name: | dei_DocumentFiscalYearFocus
Namespace Prefix: | dei_
Data Type: | xbrli:gYearItemType
Balance Type: | na
Period Type: | duration

X
- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD. + References No definition available. + Details
Name: | dei_DocumentPeriodEndDate
Namespace Prefix: | dei_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other. + References No definition available. + Details
Name: | dei_DocumentType
Namespace Prefix: | dei_
Data Type: | us-types:SECReportItemType
Balance Type: | na
Period Type: | duration

X
- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 + Details
Name: | dei_EntityCentralIndexKey
Namespace Prefix: | dei_
Data Type: | us-types:centralIndexKeyItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument + References No definition available. + Details
Name: | dei_EntityCommonStockSharesOutstanding
Namespace Prefix: | dei_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. + References No definition available. + Details
Name: | dei_EntityCurrentReportingStatus
Namespace Prefix: | dei_
Data Type: | us-types:yesNoItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. + References No definition available. + Details
Name: | dei_EntityFilerCategory
Namespace Prefix: | dei_
Data Type: | us-types:filerCategoryItemType
Balance Type: | na
Period Type: | duration

X
- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. + References No definition available. + Details
Name: | dei_EntityPublicFloat
Namespace Prefix: | dei_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 + Details
Name: | dei_EntityRegistrantName
Namespace Prefix: | dei_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. + References No definition available. + Details
Name: | dei_EntityVoluntaryFilers
Namespace Prefix: | dei_
Data Type: | us-types:yesNoItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. + References No definition available. + Details
Name: | dei_EntityWellKnownSeasonedIssuer
Namespace Prefix: | dei_
Data Type: | us-types:yesNoItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | prk_DocumentAndEntityInformationAbstract
Namespace Prefix: | prk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration