v3.25.2
Segment Reporting
 6 Months Ended
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)20252024
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 losses2,8533,113
Salaries38,56035,954
Employee benefits9,1089,873
Occupancy expense3,2692,975
Furniture and equipment expense2,2342,454
Data processing fees11,0219,542
Professional fees and services7,3956,022
Marketing1,2951,164
Insurance1,6671,777
Communication9411,002
State tax expense1,3501,129
Amortization of intangible assets273320
Miscellaneous1,8642,977
Income taxes11,2288,960
Segment net income/consolidated net income$48,119 $39,369 
Other segment disclosures
Interest income136,496128,904
Interest expense27,50531,067
Depreciation2,8283,019
Amortization273320
Other significant noncash items:
Provision for credit losses2,8533,113
Segment assets9,949,5789,919,783
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)20252024
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 losses3,6095,293
Salaries74,77671,687
Employee benefits19,62421,433
Occupancy expense6,7886,156
Furniture and equipment expense4,5355,037
Data processing fees21,55018,350
Professional fees and services14,70212,839
Marketing2,8232,905
Insurance3,3533,495
Communication2,1432,038
State tax expense2,5362,239
Amortization of intangible assets547640
Miscellaneous3,7645,598
Income taxes20,27416,171
Segment net income/consolidated net income$90,276 $74,573 
Other segment disclosures
Interest income268,696255,544
Interest expense55,32862,084
Depreciation5,7416,138
Amortization547640
Other significant noncash items:
Provision for credit losses3,6095,293