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Segment Reporting | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Reporting Disclosure | Segment Information Park's chief operating decision maker is Park's Chairman and Chief Executive Officer. While the chief decision maker monitors the operating results of its lines of business, operations are managed and financial performance is evaluated on a consolidated basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. The segment is determined by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products, and services are similar. The chief operating decision maker will evaluate the financial performance of Park's business components such as by evaluating interest income, interest expense, other revenue streams, significant expenses, and budget to actual results in assessing Park's segment and in the determination of allocation resources. The chief operating decision maker uses consolidated net income to benchmark Park against its peers. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment of performance and in establishing compensation. Loans, investments, deposits, and fiduciary income provide the revenues in the banking operation. Interest expense, provisions for credit losses, and payroll/benefits provide the significant expenses in the banking operation. All operations are domestic. Accounting policies for Park's reportable segment are the same as described in Note 1 - Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in Park’s 2024 Form 10-K. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of significant segment totals to the financial statements.
|  | Banking Segment
|  | Three Months Ended and At June 30,
(in thousands) |  | 2025 | 2024
Interest Income |  | $ | 136,496 |  | $ | 128,904 |
Reconciliation of Revenue |  |  |
Other revenues |  | $ | 32,186 |  | $ | 28,794 |
Total consolidated revenues |  | $ | 168,682 |  | $ | 157,698 |
Less: |  |  |
Interest expense |  | $ | 27,505 |  | $ | 31,067 |
Segment net interest income and noninterest income |  | $ | 141,177 |  | $ | 126,631 |
Less: |  |  |
Provision for credit losses |  | 2,853 | 3,113
Salaries |  | 38,560 | 35,954
Employee benefits |  | 9,108 | 9,873
Occupancy expense |  | 3,269 | 2,975
Furniture and equipment expense |  | 2,234 | 2,454
Data processing fees |  | 11,021 | 9,542
Professional fees and services |  | 7,395 | 6,022
Marketing |  | 1,295 | 1,164
Insurance |  | 1,667 | 1,777
Communication |  | 941 | 1,002
State tax expense |  | 1,350 | 1,129
Amortization of intangible assets |  | 273 | 320
Miscellaneous |  | 1,864 | 2,977
Income taxes |  | 11,228 | 8,960
Segment net income/consolidated net income |  | $ | 48,119 |  | $ | 39,369 |
Other segment disclosures |  |  |
Interest income |  | 136,496 | 128,904
Interest expense |  | 27,505 | 31,067
Depreciation |  | 2,828 | 3,019
Amortization |  | 273 | 320
Other significant noncash items: |  |  |
Provision for credit losses |  | 2,853 | 3,113
Segment assets |  | 9,949,578 | 9,919,783
Reconciliation of assets |  |  |
Total assets for reportable segments |  | $ | 9,949,578 |  | 9,919,783
Other assets |  | — | —
Total consolidated assets |  | $ | 9,949,578 |  | $ | 9,919,783 |
|  | Banking Segment
|  | Six Months Ended June 30,
(in thousands) |  | 2025 | 2024
Interest Income |  | $ | 268,696 |  | $ | 255,544 |
Reconciliation of Revenue |  |  |
Other revenues |  | $ | 57,932 |  | $ | 54,994 |
Total consolidated revenues |  | $ | 326,628 |  | $ | 310,538 |
Less: |  |  |
Interest expense |  | $ | 55,328 |  | $ | 62,084 |
Segment net interest income and noninterest income |  | $ | 271,300 |  | $ | 248,454 |
Less: |  |  |
Provision for credit losses |  | 3,609 | 5,293
Salaries |  | 74,776 | 71,687
Employee benefits |  | 19,624 | 21,433
Occupancy expense |  | 6,788 | 6,156
Furniture and equipment expense |  | 4,535 | 5,037
Data processing fees |  | 21,550 | 18,350
Professional fees and services |  | 14,702 | 12,839
Marketing |  | 2,823 | 2,905
Insurance |  | 3,353 | 3,495
Communication |  | 2,143 | 2,038
State tax expense |  | 2,536 | 2,239
Amortization of intangible assets |  | 547 | 640
Miscellaneous |  | 3,764 | 5,598
Income taxes |  | 20,274 | 16,171
Segment net income/consolidated net income |  | $ | 90,276 |  | $ | 74,573 |
Other segment disclosures |  |  |
Interest income |  | 268,696 | 255,544
Interest expense |  | 55,328 | 62,084
Depreciation |  | 5,741 | 6,138
Amortization |  | 547 | 640
Other significant noncash items: |  |  |
Provision for credit losses |  | 3,609 | 5,293

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- Definition The entire disclosure for reporting segments including data and tables. 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