XML 41 R21.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Repurchase Agreements (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2016
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items] |
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Table Text Block] | Repurchase Agreement Borrowings Securities sold under agreements to repurchase ("repurchase agreements") with customers represent funds deposited by customers, generally on an overnight basis, that are collateralized by investment securities owned by Park. Repurchase agreements with customers are included in short-term borrowings on the Consolidated Balance Sheets. Park's repurchase agreements with a third-party financial institution are classified as long-term debt on the Consolidated Balance Sheets. All repurchase agreements are subject to terms and conditions of repurchase/security agreements between Park and the client and are accounted for as secured borrowings. Park's repurchase agreements reflected in short-term borrowings consist of customer accounts and securities which are pledged on an individual security basis. At December 31, 2016 and December 31, 2015, Park's repurchase agreement borrowings totaled $510 million and $554 million, respectively. At both December 31, 2016 and December 31, 2015, $300 million of Park's repurchase agreement borrowings were classified as long-term debt, with the remaining amount being classified as short-term debt on the Consolidated Balance Sheets. These borrowings were collateralized with U.S. government and agency securities with a carrying value of $569 million and $622 million at December 31, 2016 and December 31, 2015, respectively. Declines in the value of the collateral would require Park to pledge additional securities. As of December 31, 2016 and December 31, 2015, Park had $640 million and $583 million, respectively, of available unpledged securities. The following table presents the carrying value of Park's repurchase agreements by remaining contractual maturity and collateral pledged at December 31, 2016 and December 31, 2015:
|  | December 31, 2016
(In thousands) |  | Remaining Contractual Maturity of the Agreements
|  | Overnight and Continuous |  | Up to 30 days |  | 30 - 90 days |  | Greater than 90 days |  | Total
U.S. government and agency securities |  | $ | 208,691 |  |  | $ | — |  |  | $ | — |  |  | $ | 301,104 |  |  | $ | 509,795 |
|  | December 31, 2015
(In thousands) |  | Remaining Contractual Maturity of the Agreements
|  | Overnight and Continuous |  | Up to 30 days |  | 30 - 90 days |  | Greater than 90 days |  | Total
U.S. government and agency securities |  | $ | 247,618 |  |  | $ | 2,239 |  |  | $ | — |  |  | $ | 304,385 |  |  | $ | 554,242 |
See Note 13 - Short-Term Borrowings for additional information related to repurchase agreements classified as short-term borrowings. See Note 14 - Long-Term Debt for additional information related to repurchase agreements classified as long-term debt.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_TransferOfCertainFinancialAssetsAccountedForAsSecuredBorrowingsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64858031&loc=SL34722452-111729 + Details
Name: | us-gaap_TransferOfCertainFinancialAssetsAccountedForAsSecuredBorrowingsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration