XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2016
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 September 30, 2016
(In thousands) |  | PNB |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income |  | $ | 57,033 |  |  | $ | 1,472 |  |  | $ | 8 |  |  | $ | 20 |  |  | $ | 58,533 |
Recovery of loan losses |  | (3,345 | ) |  | (313 | ) |  | (3,708 | ) |  | — |  |  | (7,366 | )
Other income (loss) |  | 19,279 |  |  | (1 | ) |  | 1,126 |  |  | 131 |  |  | 20,535 |
Other expense |  | 42,327 |  |  | 800 |  |  | 1,789 |  |  | 1,840 |  |  | 46,756 |
Income (loss) before income taxes |  | $ | 37,330 |  |  | $ | 984 |  |  | $ | 3,053 |  |  | $ | (1,689 | ) |  | $ | 39,678 |
Federal income taxes (benefit) |  | 11,839 |  |  | 344 |  |  | 1,070 |  |  | (1,024 | ) |  | 12,229 |
Net income (loss) |  | $ | 25,491 |  |  | $ | 640 |  |  | $ | 1,983 |  |  | $ | (665 | ) |  | $ | 27,449 |
Assets (as of September 30, 2016) |  | $ | 7,287,923 |  |  | $ | 32,759 |  |  | $ | 36,938 |  |  | $ | 6,472 |  |  | $ | 7,364,092 |
|  | Operating Results for the three months ended September 30, 2015
(In thousands) |  | PNB |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income |  | $ | 55,972 |  |  | $ | 1,643 |  |  | $ | 65 |  |  | $ | 35 |  |  | $ | 57,715 |
Provision for (recovery of) loan losses |  | 2,587 |  |  | 282 |  |  | (465 | ) |  | — |  |  | 2,404 |
Other income |  | 19,699 |  |  | 1 |  |  | 347 |  |  | 144 |  |  | 20,191 |
Other expense |  | 43,144 |  |  | 726 |  |  | 1,456 |  |  | 2,103 |  |  | 47,429 |
Income (loss) before income taxes |  | $ | 29,940 |  |  | $ | 636 |  |  | $ | (579 | ) |  | $ | (1,924 | ) |  | $ | 28,073 |
Federal income taxes (benefit) |  | 9,233 |  |  | 242 |  |  | (203 | ) |  | (1,239 | ) |  | 8,033 |
Net income (loss) |  | $ | 20,707 |  |  | $ | 394 |  |  | $ | (376 | ) |  | $ | (685 | ) |  | $ | 20,040 |
Assets (as of September 30, 2015) |  | $ | 7,216,773 |  |  | $ | 36,517 |  |  | $ | 37,938 |  |  | $ | 9,112 |  |  | $ | 7,300,340 |
|  | Operating Results for the nine months ended September 30, 2016
(in thousands) |  | PNB |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income (expense) |  | $ | 170,194 |  |  | $ | 4,416 |  |  | $ | 1,240 |  |  | $ | (13 | ) |  | $ | 175,837 |
(Recovery of) provision for loan losses |  | (450 | ) |  | 1,658 |  |  | (5,027 | ) |  | — |  |  | (3,819 | )
Other income (loss) |  | 55,010 |  |  | (1 | ) |  | 1,272 |  |  | 379 |  |  | 56,660 |
Other expense |  | 126,418 |  |  | 3,632 |  |  | 4,525 |  |  | 7,386 |  |  | 141,961 |
Income (loss) before income taxes |  | $ | 99,236 |  |  | $ | (875 | ) |  | $ | 3,014 |  |  | $ | (7,020 | ) |  | $ | 94,355 |
Federal income taxes (benefit) |  | 30,923 |  |  | (305 | ) |  | 1,056 |  |  | (3,452 | ) |  | 28,222 |
Net income (loss) |  | $ | 68,313 |  |  | $ | (570 | ) |  | $ | 1,958 |  |  | $ | (3,568 | ) |  | $ | 66,133 |
|  | Operating Results for the nine months ended September 30, 2015
(in thousands) |  | PNB |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income (expense) |  | $ | 164,559 |  |  | $ | 5,014 |  |  | $ | (37 | ) |  | $ | 229 |  |  | $ | 169,765 |
Provision for (recovery of) loan losses |  | 7,329 |  |  | 1,086 |  |  | (2,767 | ) |  | — |  |  | 5,648 |
Other income |  | 56,431 |  |  | 2 |  |  | 1,434 |  |  | 388 |  |  | 58,255 |
Other expense |  | 124,662 |  |  | 2,264 |  |  | 4,939 |  |  | 5,951 |  |  | 137,816 |
Income (loss) before income taxes |  | $ | 88,999 |  |  | $ | 1,666 |  |  | $ | (775 | ) |  | $ | (5,334 | ) |  | $ | 84,556 |
Federal income taxes (benefit) |  | 27,800 |  |  | 584 |  |  | (271 | ) |  | (3,680 | ) |  | 24,433 |
Net income (loss) |  | $ | 61,199 |  |  | $ | 1,082 |  |  | $ | (504 | ) |  | $ | (1,654 | ) |  | $ | 60,123 |
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 and nine-month periods ended September 30, 2016 and 2015. The reconciling amounts for consolidated total assets for the periods ended September 30, 2016 and 2015 consisted of the elimination of intersegment borrowings and the assets of the Parent Company which were not eliminated.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 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=68060357&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 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 Reference 10: 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=68060357&loc=d3e9054-108599 Reference 11: 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=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration