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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.