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Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
All of Park's revenue from contracts with customers within the scope of ASC 606 is recognized within "Other income" in the consolidated condensed statements of income. All of Park's operations are considered by management to be aggregated in one reportable segment.

The following table presents the Corporation's sources of other income by revenue stream for the three-month periods ended March 31, 2024 and March 31, 2023:

Three Months Ended
March 31,
Revenue by Operating Segment (in thousands)20242023
Income from fiduciary activities
   Personal trust and agency accounts$2,954 $2,504 
   Employee benefit and retirement-related accounts2,651 2,472 
   Investment management and investment advisory agency accounts3,800 3,162 
   Other619 477 
Service charges on deposit accounts
    Non-sufficient funds (NSF) fees792 1,061 
    Demand deposit account (DDA) charges1,208 1,038 
    Other106 142 
Other service income (1)
    Credit card611 683 
    HELOC82 89 
    Installment20 49 
    Real estate1,497 1,455 
    Commercial314 421 
Debit card fee income6,243 6,457 
Bank owned life insurance income (2)
2,629 1,185 
ATM fees496 533 
Gain (loss) on sale of OREO, net121 (9)
Loss on the sale of debt securities, net (2)
(398)— 
Loss on equity securities, net (2)
(687)(405)
Other components of net periodic pension benefit income (2)
2,204 1,893 
Miscellaneous (3)
938 1,180 
Total other income$26,200 $24,387 
(1) "Other Service Income" totaled $2.5 million and $2.7 million for the three months ended March 31, 2024 and 2023, respectively. Of this aggregate revenue approximately $1.2 million and $1.4 million was within the scope of ASC 606, with the remaining $1.3 million, in each period presented, consisting primarily of certain residential real estate loan fees which were out of scope.
(2) Not within the scope of ASC 606.
(3) "Miscellaneous Income" included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $0.9 million and $1.2 million for the three months ended March 31, 2024 and 2023, respectively, all of which were within the scope of ASC 606.
A description of Park's material revenue streams accounted for under ASC 606 follows:

Income from fiduciary activities (gross): Park earns fiduciary fee income and investment brokerage fees from its contracts with trust customers for various fiduciary and investment-related services. These fees are earned over time as the Company provides the contracted monthly and quarterly services and are generally assessed based on the market value of the trust assets.

Service charges on deposit accounts and ATM fees: The Corporation earns fees from the Corporation's deposit customers for transaction-based, account maintenance, and overdraft services. Fees for transaction-based services, which include services such as ATM use fees, stop payment charges, statement rendering fees, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are generally recognized at the end of the month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Other service income: Other service income includes income from (1) the sale and servicing of loans sold to the secondary market, (2) incentive income from third-party credit card issuers, and (3) loan customers for various loan-related activities and services. Income related to the sale and servicing of loans sold to the secondary market is included within "Other service income", but is not within the scope of ASC 606. Services that fall within the scope of ASC 606 are recognized as revenue when the Company satisfies the Company's performance obligation to the customer.

Debit card fee income: Park earns interchange fees from debit cardholder transactions conducted primarily through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, net of card network fees, concurrently with the transaction processing services provided to the cardholder.
Gain or loss on sale of OREO, net: The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of delivery of an executed deed. When Park finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the buyer's obligation under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.