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Segment Information
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Corporation is a financial holding company headquartered in Newark, Ohio. The operating segments for the Corporation are its chartered national bank subsidiary, The Park National Bank (headquartered in Newark, Ohio) (“PNB”), SE Property Holdings, LLC (“SEPH”), and Guardian Financial Services Company (“GFSC”).
 
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 Chief Executive Officer and President, who is the chief operating decision maker.
 
 
 
Operating Results for the three months ended March 31, 2014
(In thousands)
 
PNB
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (expense)
 
$
53,099

 
$
1,978

 
$
(195
)
 
$
(402
)
 
$
54,480

Provision for (recovery of) loan losses
 
(140
)
 
274

 
(2,359
)
 
—

 
(2,225
)
Other income
 
15,703

 
1

 
837

 
107

 
16,648

Other expense
 
42,311

 
775

 
2,521

 
2,091

 
47,698

Income (loss) before income taxes
 
$
26,631

 
$
930

 
$
480

 
$
(2,386
)
 
$
25,655

Federal income taxes (benefit)
 
7,024

 
326

 
168

 
(1,482
)
 
6,036

Net income (loss)
 
$
19,607

 
$
604

 
$
312

 
$
(904
)
 
$
19,619

 
 
 
 
 
 
 
 
 
 
 
Assets (as of March 31, 2014)
 
$
6,702,529

 
$
44,564

 
$
62,706

 
$
1,273

 
$
6,811,072

 
 
 
Operating Results for the three months ended March 31, 2013
(In thousands)
 
PNB
 
GFSC
 
SEPH
 
All Other
 
Total
Net interest income (expense)
 
$
52,735

 
$
2,133

 
$
(655
)
 
$
1,240

 
$
55,453

Provision for (recovery of) loan losses
 
3,130

 
210

 
(3,011
)
 
—

 
329

Other income
 
17,872

 
2

 
831

 
100

 
18,805

Other expense
 
40,324

 
786

 
3,344

 
1,644

 
46,098

Income (loss) before income taxes
 
$
27,153

 
$
1,139

 
$
(157
)
 
$
(304
)
 
$
27,831

Federal income taxes (benefit)
 
7,213

 
399

 
(55
)
 
(436
)
 
7,121

Net income (loss)
 
$
19,940

 
$
740

 
$
(102
)
 
$
132

 
$
20,710

 
 
 
 
 
 
 
 
 
 
 
Assets (as of March 31, 2013)
 
$
6,611,802

 
$
49,555

 
$
89,240

 
$
(3,442
)
 
$
6,747,155

 
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, 2014 and 2013. The reconciling amounts for consolidated total assets as of March 31, 2014 and 2013 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.