XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Revenue from Contracts with Customers | 6 Months Ended
--- | ---
Jun. 30, 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 and six-month periods ended June 30, 2024 and June 30, 2023:
|  | Three Months Ended June 30,
Revenue by Operating Segment (in thousands) |  | 2024 |  | 2023
Income from fiduciary activities |  |  |  |
Personal trust and agency accounts |  | $ | 3,480 |  |  | $ | 2,571 |
Employee benefit and retirement-related accounts |  | 2,675 |  |  | 2,467 |
Investment management and investment advisory agency accounts |  | 4,017 |  |  | 3,273 |
Other |  | 556 |  |  | 505 |
Service charges on deposit accounts |  |  |  |
Non-sufficient funds (NSF) fees |  | 777 |  |  | 860 |
Demand deposit account (DDA) charges |  | 1,331 |  |  | 1,069 |
Other |  | 106 |  |  | 112 |
Other service income (1) |  |  |  |
Credit card |  | 670 |  |  | 730 |
HELOC |  | 114 |  |  | 108 |
Installment |  | 40 |  |  | 35 |
Real estate |  | 1,853 |  |  | 1,510 |
Commercial |  | 229 |  |  | 256 |
Debit card fee income |  | 6,580 |  |  | 6,830 |
Bank owned life insurance income (2) |  | 1,565 |  |  | 1,332 |
ATM fees |  | 458 |  |  | 553 |
Loss on the sale of debt securities, net (2) |  | — |  |  | — |
Gain on equity securities, net (2) |  | 358 |  |  | 25 |
Other components of net periodic pension benefit income (2) |  | 2,204 |  |  | 1,893 |
Miscellaneous (3) |  | 1,781 |  |  | 886 |
Total other income |  | $ | 28,794 |  |  | $ | 25,015 |
(1) "Other Service Income" totaled $2.9 million and $2.6 million for the three months ended June 30, 2024 and 2023, respectively. Of this aggregate revenue approximately $1.3 million in each period was within the scope of ASC 606 in each period presented, with the remaining $1.6 million and $1.3 million consisting primarily of certain residential real estate loan fees which were out of scope for the three months ended June 30, 2024 and 2023, respectively. (2) Not within the scope of ASC 606. (3) "Miscellaneous Income" included brokerage income, safe deposit box rentals, gains/losses on asset sales and miscellaneous bank fees totaling $1.8 million and $0.9 million for the three months ended June 30, 2024 and 2023, respectively, all of which were within the scope of ASC 606.
|  | Six Months Ended June 30,
Revenue by Operating Segment (in thousands) |  | 2024 |  | 2023
Income from fiduciary activities |  |  |  |
Personal trust and agency accounts |  | $ | 6,434 |  |  | $ | 5,075 |
Employee benefit and retirement-related accounts |  | 5,326 |  |  | 4,939 |
Investment management and investment advisory agency accounts |  | 7,817 |  |  | 6,435 |
Other |  | 1,175 |  |  | 982 |
Service charges on deposit accounts |  |  |  |
Non-sufficient funds (NSF) fees |  | 1,569 |  |  | 1,921 |
Demand deposit account (DDA) charges |  | 2,539 |  |  | 2,107 |
Other |  | 212 |  |  | 254 |
Other service income (1) |  |  |  |
Credit card |  | 1,281 |  |  | 1,413 |
HELOC |  | 196 |  |  | 197 |
Installment |  | 60 |  |  | 84 |
Real estate |  | 3,350 |  |  | 2,965 |
Commercial |  | 543 |  |  | 677 |
Debit card fee income |  | 12,823 |  |  | 13,287 |
Bank owned life insurance income (2) |  | 4,194 |  |  | 2,517 |
ATM fees |  | 954 |  |  | 1,086 |
Loss on the sale of debt securities, net (2) |  | (398) |  |  | — |
Loss on equity securities, net (2) |  | (329) |  |  | (380) |
Other components of net periodic pension benefit income (2) |  | 4,408 |  |  | 3,786 |
Miscellaneous (3) |  | 2,840 |  |  | 2,057 |
Total other income |  | $ | 54,994 |  |  | $ | 49,402 |
(1) "Other Service Income" totaled $5.4 million and $5.3 million for the six months ended June 30, 2024 and 2023, respectively. Of this aggregate revenue approximately $2.5 million and $2.7 million was within the scope of ASC 606, with the remaining $2.9 million and $2.6 million consisting primarily of certain residential real estate loan fees which were out of scope for the six months ended June 30, 2024 and 2023, respectively. (2) Not within the scope of ASC 606. (3) "Miscellaneous Income" included brokerage income, safe deposit box rentals, gains/losses on asset sales and miscellaneous bank fees totaling $2.8 million and $2.1 million for the six months ended June 30, 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.

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

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration