XML 69 R58.htm IDEA: XBRL DOCUMENT
v3.20.2

Other Investment Securities (Schedule Of Other Investment Securities) (Details) - USD ($) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019
Schedule of Investments [Line Items] |  |  |  |  |
Other Investment Securities, |  |  | Other Investment Securities Other investment securities consist of stock investments in the FHLB, the FRB, and equity securities. The FHLB and FRB stock investments are carried at their redemption value. Equity securities with a readily determinable fair value are carried at fair value. Equity securities without a readily determinable fair value are recorded at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions ("modified cost"). Park's portfolio of equity investments in limited partnerships which provide mezzanine funding ("Partnership Investments") are valued using the NAV practical expedient in accordance with ASC 820. The carrying amounts of other investment securities at September 30, 2020 and December 31, 2019 were as follows:
(In thousands) |  | September 30, 2020 |  | December 31, 2019
FHLB stock |  | $ | 22,421 |  |  | $ | 30,060 |
FRB stock |  | 14,653 |  |  | 14,653 |
Equity investments carried at fair value |  | 2,042 |  |  | 1,993 |
Equity investments carried at modified cost (1) |  | 4,689 |  |  | 2,689 |
Equity investments carried at NAV |  | 20,979 |  |  | 20,411 |
Total other investment securities |  | $ | 64,784 |  |  | $ | 69,806 |
(1) There have been no impairments, downward adjustments, or upward adjustments made to equity investments carried at modified cost. During the three months ended September 30, 2020 and 2019, the FHLB repurchased 13,971 and 18,567 shares, respectively, of FHLB stock with a book value of $1.4 million and $1.9 million, respectively. During the nine months ended September 30, 2020 and 2019, the FHLB repurchased 76,394 and 99,646 shares, respectively, of FHLB stock with a book value of $7.6 million and $10.0 million, respectively. Additionally, during 2019, Park acquired Carolina Alliance's FHLB shares which were subsequently repurchased by the FHLB. During the three and nine months ended September 30, 2019, Park purchased 76,831 and 128,553 shares, respectively, of FRB stock, with a book value of $3.8 million and $6.4 million, respectively. No shares of FRB stock were purchased during the three and nine months ended September 30, 2020. During the three months ended September 30, 2020 and 2019, $(89,000) and $58,000, respectively, of unrealized (losses) gains on equity investments carried at fair value were recorded within "Gain (loss) on equity securities, net" on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2020 and 2019, $(708,000) and $241,000, respectively, of unrealized (losses) gains on equity investments carried at fair value were recorded within "Gain (loss) on equity securities, net" on the Consolidated Condensed Statements of Income. During the three months ended September 30, 2020 and 2019, $1.3 million and $3.3 million, respectively, of gains on equity investments carried at NAV were recorded within “Gain (loss) on equity securities, net” on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2020 and 2019, $(41,000) and $5.1 million, respectively, of (losses) gains on equity investments carried at NAV were recorded within "Gain (loss) on equity securities, net" on the Consolidated Condensed Statements of Income. |  |
Federal Home Loan Bank Stock | $ 22,421,000 |  | $ 22,421,000 |  | $ 30,060,000
Federal Reserve Bank Stock | 14,653,000 |  | 14,653,000 |  | 14,653,000
Equity investments carried at fair value | 2,042,000 |  | 2,042,000 |  | 1,993,000
Equity Method Investments | 4,689,000 |  | 4,689,000 |  | 2,689,000
Alternative Investment | 20,979,000 |  | 20,979,000 |  | 20,411,000
Other investment securities | $ 64,784,000 |  | $ 64,784,000 |  | $ 69,806,000
equity investment shares sold | 13,971 | 18,567 | 76,394 | 99,646 |
Payments for (Proceeds from) Federal Home Loan Bank Stock | $ (1,400,000) | $ (1,900,000) | $ (7,639,000) | $ (9,964,000) |
equity investment purchased, shares |  | 76,831 |  | 128,553 |
Payments to Acquire Federal Reserve Bank Stock |  | $ 3,800,000 | 0 | $ 5,180,000 |
Loss (gain) on equity securities, net | 1,201,000 | 3,335,000 | (749,000) | 5,309,000 |
Alternative Investment, income recognized | 1,300,000 | 3,300,000 | (41,000) | 5,100,000 |
PNB [Member] |  |  |  |  |
Schedule of Investments [Line Items] |  |  |  |  |
Payments for (Proceeds from) Federal Home Loan Bank Stock |  |  |  | (10,000,000.0) |
Payments to Acquire Federal Reserve Bank Stock |  |  |  | 6,400,000 |
Loss (gain) on equity securities, net | 739,000 | 240,000 | 113,000 | 972,000 |
Equity Securities [Member] |  |  |  |  |
Schedule of Investments [Line Items] |  |  |  |  |
Loss (gain) on equity securities, net | $ (89,000) | $ 58,000 | $ (708,000) | $ 241,000 |

X
- Definition Alternative Investment, income recognized + References No definition available. + Details
Name: | prk_AlternativeInvestmentincomerecognized
Namespace Prefix: | prk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition equity investment purchased, shares + References No definition available. + Details
Name: | prk_Equityinvestmentpurchasedshares
Namespace Prefix: | prk_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition equity investment shares sold + References No definition available. + Details
Name: | prk_Equityinvestmentsharessold
Namespace Prefix: | prk_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Other Investment Securities + References No definition available. + Details
Name: | prk_OtherInvestmentSecurities
Namespace Prefix: | prk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of investment other than investment in equity security, investment in debt security and equity method investment. Includes, but is not limited to, investment in certain entities that calculate net asset value per share. Example includes, but is not limited to, investment in hedge fund, venture capital fund, private equity fund, and real estate partnership or fund. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 6A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL6742756-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 35 -Paragraph 54B -URI http://asc.fasb.org/extlink&oid=117332851&loc=SL7495116-110257 + Details
Name: | us-gaap_AlternativeInvestment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=99377092&loc=SL75136599-209740 + Details
Name: | us-gaap_EquitySecuritiesFvNi
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(3)(d)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=120269885&loc=SL75117546-209714 + Details
Name: | us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of investment in equity security without readily determinable fair value. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120269885&loc=SL75117539-209714 + Details
Name: | us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Federal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 325 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=75031641&loc=d3e63345-112809 + Details
Name: | us-gaap_FederalHomeLoanBankStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Federal Reserve Bank stock represents an equity interest in the Federal Reserve Bank. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 325 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=75031641&loc=d3e63345-112809 + Details
Name: | us-gaap_FederalReserveBankStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Includes other investments and securities that are not at fair value as of the balance sheet date and those that are not accounted for under the equity method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(5)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(12)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_OtherInvestmentsAndSecuritiesAtCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of cash outflow (inflow) from acquisition (sale) of Federal Home Loan Bank (FHLBank) stock. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cash outflow to acquire Federal Reserve Bank (FRB) stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireFederalReserveStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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_ScheduleOfInvestmentsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=prk_PnbSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |