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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Acquisition, Pro Forma [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The table below presents information with respect to the fair value of the NewDominion acquired loans as well as their book balance at the acquisition date.
(in thousands) | Book Balance |  | Fair Value
Commercial, financial and agricultural | $ | 19,246 |  |  | $ | 19,138 |
Commercial real estate | 119,434 |  |  | 117,638 |
Construction real estate: |  |  |
Commercial | 22,494 |  |  | 22,235 |
Mortgage | 8,391 |  |  | 8,111 |
Residential real estate: |  |  |
Commercial | 14,798 |  |  | 14,797 |
Mortgage | 50,295 |  |  | 48,714 |
HELOC | 37,651 |  |  | 36,688 |
Consumer | 541 |  |  | 539 |
Purchased credit impaired | 5,069 |  |  | 4,893 |
Total loans | $ | 277,919 |  |  | $ | 272,753 |
The following table summarizes the consideration paid for NewDominion and the amounts of the assets acquired and liabilities assumed at their fair value:
(in thousands) |
Consideration |
Cash | $ | 30,684 |
Park common shares | 48,519 |
Previous 8.55% investment in NewDominion | 7,000 |
Fair value of total consideration transferred | $ | 86,203 |
Recognized amounts of identifiable assets acquired and liabilities assumed |
Cash and cash equivalents | $ | 42,954 |
Securities | 1,954 |
Loans | 272,753 |
Premises and equipment | 940 |
Core deposit intangibles | 6,249 |
Trade name intangible | 1,300 |
Other assets | 6,133 |
Total assets acquired | $ | 332,283 |
Deposits | 284,231 |
Other liabilities | 2,254 |
Total liabilities assumed | 286,485 |
Net identifiable assets | 45,798 |
Goodwill | $ | 40,405 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following table presents supplemental pro forma information as if the acquisition had occurred at the beginning of 2017. The unaudited pro forma information includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, depreciation expense on property acquired, interest expense on deposits acquired, and the related tax effects. The pro forma information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed dates.
| Twelve months ended December 31,
(dollars in thousands, except per share data) | 2018 |  | 2017
Net interest income | $ | 273,685 |  |  | $ | 257,604 |
Net income | 115,118 |  |  | 89,092 |
Basic earnings per share | 7.33 |  |  | 5.66 |
Diluted earnings per share | 7.27 |  |  | 5.62 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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