XML 31 R20.htm IDEA: XBRL DOCUMENT v3.25.3

Goodwill and other intangibles

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

The following table shows the activity in goodwill and other intangible assets for the three-month and nine-month periods ended September 30, 2025 and 2024.

(in thousands)						Goodwill						Other intangible assets						Total
July 1, 2024						$	159,595					$	4,012					$	163,607
Amortization						—						287						287
September 30, 2024						$	159,595					$	3,725					$	163,320
July 1, 2025						$	159,595					$	2,890					$	162,485
Amortization						—						248						248
September 30, 2025						$	159,595					$	2,642					$	162,237

(in thousands)						Goodwill						Other intangible assets						Total
December 31, 2023						$	159,595					$	4,652					$	164,247
Amortization						—						927						927
September 30, 2024						$	159,595					$	3,725					$	163,320
December 31, 2024						$	159,595					$	3,437					$	163,032
Amortization						—						795						795
September 30, 2025						$	159,595					$	2,642					$	162,237

Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of the immediately prior March 31. Based on the qualitative analysis performed as of April 1, 2025, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired.

Acquired Intangible Assets

The following table shows the balance of acquired intangible assets at September 30, 2025 and at December 31, 2024:

						September 30, 2025												December 31, 2024
(in thousands)						Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Other intangible assets:
Core deposit intangible assets						$	14,456					$	11,814					$	14,456					$	11,019

Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. Aggregate amortization expense was $248,000 and $287,000 for the three months ended September 30, 2025 and 2024, respectively, and was $795,000 and $927,000 for the nine months ended September 30, 2025 and 2024, respectively.

Estimated amortization expense related to core deposit intangible assets for the remainder of 2025 and the next four years follows:

(in thousands)						Total
Three months ending December 31, 2025						$	247
2026						887
2027						754
2028						618
2029						136

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration