XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Earnings Per Common Share | 9 Months Ended
--- | ---
Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share for the three months and nine months ended September 30, 2021 and 2020.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands, except share and per common share data) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator: |  |  |  |  |  |  |  |
Net income |  | $ | 35,434 |  |  | $ | 30,846 |  |  | $ | 117,397 |  |  | $ | 82,723 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 16,292,312 |  |  | 16,300,720 |  |  | 16,315,996 |  |  | 16,300,250 |
Effect of dilutive PBRSUs and TBRSUs |  | 131,600 |  |  | 93,072 |  |  | 129,572 |  |  | 98,100 |
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs |  | 16,423,912 |  |  | 16,393,792 |  |  | 16,445,568 |  |  | 16,398,350 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 2.17 |  |  | $ | 1.89 |  |  | $ | 7.20 |  |  | $ | 5.07 |
Diluted earnings per common share |  | $ | 2.16 |  |  | $ | 1.88 |  |  | $ | 7.14 |  |  | $ | 5.04 |
Park awarded 61,890 and 62,265 PBRSUs to certain employees during the nine months ended September 30, 2021 and 2020, respectively. No PBRSU's were awarded during either of the three months ended September 30, 2021 or 2020. Park repurchased an aggregate of 137,659 common shares during both the three months and nine months ended September 30, 2021, to fund the PBRSUs, the TBRSUs and common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions) and pursuant to Park's previously announced stock repurchase authorizations. Park repurchased an aggregate of 76,000 common shares during the nine months ended September 30, 2020, to fund the PBRSUs, the TBRSUs and common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions). No common shares were repurchased during the three months ended September 30, 2020.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration