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Short-Term Borrowings | 12 Months Ended
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Dec. 31, 2012
Short-term Debt [Abstract] |
Short-Term Borrowings | Short-Term Borrowings Short-term borrowings were as follows:
December 31 (In thousands) |  | 2012 |  | 2011
Securities sold under agreements to repurchase and federal funds purchased |  | $ | 244,168 |  |  | $ | 240,594 |
Federal Home Loan Bank advances |  | 100,000 |  |  | 23,000 |
Total short-term borrowings |  | $ | 344,168 |  |  | $ | 263,594 |
The outstanding balances for all short-term borrowings as of December 31, 2012 and 2011 and the weighted-average interest rates as of and paid during each of the years then ended were as follows:
(In thousands) |  | Repurchase agreements and Federal Funds Purchased |  | Federal Home Loan Bank Advances |  | Demand Notes Due U.S. Treasury and Other
2012 |  |  |  |  |  |
Ending balance |  | $ | 244,168 |  |  | $ | 100,000 |  |  | — |
Highest month-end balance |  | 302,946 |  |  | 100,000 |  |  | — |
Average daily balance |  | 257,341 |  |  | 1,320 |  |  | — |
Weighted-average interest rate: |  |  |  |  |  |
As of year-end |  | 0.23 | % |  | 0.38 | % |  | — |
Paid during the year |  | 0.26 | % |  | 0.28 | % |  | — |
2011 |  |  |  |  |  |
Ending balance |  | $ | 240,594 |  |  | $ | 23,000 |  |  | — |
Highest month-end balance |  | 265,412 |  |  | 232,000 |  |  | — |
Average daily balance |  | 246,145 |  |  | 51,392 |  |  | — |
Weighted-average interest rate: |  |  |  |  |  |
As of year-end |  | 0.29 | % |  | 0.04 | % |  | — |
Paid during the year |  | 0.30 | % |  | 0.18 | % |  | — |
At December 31, 2012 and 2011, FHLB advances were collateralized by investment securities owned by the Corporation’s subsidiary banks and by various loans pledged under a blanket agreement by the Corporation’s subsidiary banks. See Note 4 of these Notes to Consolidated Financial Statements for the amount of investment securities that are pledged. At December 31, 2012 and 2011, $2,053 million and $2,231 million, respectively, of commercial real estate and residential mortgage loans were pledged under a blanket agreement to the FHLB by Park’s subsidiary banks. Note 4 states that $667 million and $669 million of securities were pledged to secure repurchase agreements as of December 31, 2012 and 2011, respectively. Park’s repurchase agreements in short-term borrowings consist of customer accounts and securities which are pledged on an individual security basis. Park’s repurchase agreements with a third-party financial institution are classified in long-term debt. See Note 10 of these Notes to Consolidated Financial Statements.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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