10-Q 1 prk-20230630.htm 10-Q prk-20230630
FALSE2023Q20000805676--12-3100008056762023-01-012023-06-3000008056762023-07-31xbrli:shares00008056762023-06-30iso4217:USD00008056762022-12-3100008056762023-04-012023-06-3000008056762022-04-012022-06-3000008056762022-01-012022-06-300000805676us-gaap:FiduciaryAndTrustMember2023-04-012023-06-300000805676us-gaap:FiduciaryAndTrustMember2022-04-012022-06-300000805676us-gaap:FiduciaryAndTrustMember2023-01-012023-06-300000805676us-gaap:FiduciaryAndTrustMember2022-01-012022-06-300000805676us-gaap:DepositAccountMember2023-04-012023-06-300000805676us-gaap:DepositAccountMember2022-04-012022-06-300000805676us-gaap:DepositAccountMember2023-01-012023-06-300000805676us-gaap:DepositAccountMember2022-01-012022-06-300000805676us-gaap:BankServicingMember2023-04-012023-06-300000805676us-gaap:BankServicingMember2022-04-012022-06-300000805676us-gaap:BankServicingMember2023-01-012023-06-300000805676us-gaap:BankServicingMember2022-01-012022-06-30iso4217:USDxbrli:shares0000805676prk:QuarterlyDividendMember2023-04-012023-06-300000805676prk:QuarterlyDividendMember2022-04-012022-06-300000805676prk:QuarterlyDividendMember2023-01-012023-06-300000805676prk:QuarterlyDividendMember2022-01-012022-06-300000805676us-gaap:PreferredStockMember2022-12-310000805676us-gaap:CommonStockMember2022-12-310000805676us-gaap:RetainedEarningsMember2022-12-310000805676us-gaap:TreasuryStockCommonMember2022-12-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:PreferredStockMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:CommonStockMember2022-12-310000805676us-gaap:RetainedEarningsMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2022-12-310000805676us-gaap:TreasuryStockCommonMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2022-12-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2022-12-310000805676us-gaap:RetainedEarningsMember2023-01-012023-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-3100008056762023-01-012023-03-310000805676us-gaap:CommonStockMember2023-01-012023-03-310000805676us-gaap:TreasuryStockCommonMember2023-01-012023-03-310000805676us-gaap:PreferredStockMember2023-03-310000805676us-gaap:CommonStockMember2023-03-310000805676us-gaap:RetainedEarningsMember2023-03-310000805676us-gaap:TreasuryStockCommonMember2023-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310000805676us-gaap:RetainedEarningsMember2023-04-012023-06-300000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300000805676us-gaap:CommonStockMember2023-04-012023-06-300000805676us-gaap:TreasuryStockCommonMember2023-04-012023-06-300000805676us-gaap:PreferredStockMember2023-06-300000805676us-gaap:CommonStockMember2023-06-300000805676us-gaap:RetainedEarningsMember2023-06-300000805676us-gaap:TreasuryStockCommonMember2023-06-300000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000805676us-gaap:PreferredStockMember2021-12-310000805676us-gaap:CommonStockMember2021-12-310000805676us-gaap:RetainedEarningsMember2021-12-310000805676us-gaap:TreasuryStockCommonMember2021-12-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000805676us-gaap:RetainedEarningsMember2022-01-012022-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-3100008056762022-01-012022-03-310000805676us-gaap:CommonStockMember2022-01-012022-03-310000805676us-gaap:TreasuryStockCommonMember2022-01-012022-03-310000805676us-gaap:PreferredStockMember2022-03-310000805676us-gaap:CommonStockMember2022-03-310000805676us-gaap:RetainedEarningsMember2022-03-310000805676us-gaap:TreasuryStockCommonMember2022-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000805676us-gaap:RetainedEarningsMember2022-04-012022-06-300000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300000805676us-gaap:CommonStockMember2022-04-012022-06-300000805676us-gaap:PreferredStockMember2022-06-300000805676us-gaap:CommonStockMember2022-06-300000805676us-gaap:RetainedEarningsMember2022-06-300000805676us-gaap:TreasuryStockCommonMember2022-06-300000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000805676us-gaap:MortgagesMember2023-01-012023-06-300000805676us-gaap:MortgagesMember2022-01-012022-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300000805676us-gaap:OtherInvestmentsMember2023-01-012023-06-300000805676us-gaap:OtherInvestmentsMember2022-01-012022-06-3000008056762021-12-3100008056762022-06-300000805676us-gaap:EquityMember2023-01-012023-06-300000805676us-gaap:EquityMember2022-01-012022-06-300000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate202202Member2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate202202Member2022-12-310000805676us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2023-06-300000805676us-gaap:USStatesAndPoliticalSubdivisionsMember2023-06-300000805676us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-06-300000805676us-gaap:CollateralizedLoanObligationsMember2023-06-300000805676us-gaap:CorporateDebtSecuritiesMember2023-06-300000805676us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-12-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000805676us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-12-310000805676us-gaap:CollateralizedLoanObligationsMember2022-12-310000805676us-gaap:CorporateDebtSecuritiesMember2022-12-310000805676prk:USGovernmentSponsoredAssetBackedSecuritiesAndUSTreasuryObligationsMember2023-06-30xbrli:pure0000805676us-gaap:CollateralPledgedMember2023-06-300000805676us-gaap:CollateralPledgedMember2022-12-310000805676us-gaap:EquitySecuritiesMember2023-04-012023-06-300000805676us-gaap:EquitySecuritiesMember2022-04-012022-06-300000805676us-gaap:EquitySecuritiesMember2023-01-012023-06-300000805676us-gaap:EquitySecuritiesMember2022-01-012022-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2022-12-310000805676prk:PPPLoansReceivableMember2023-06-300000805676prk:PPPLoansReceivableMember2022-12-310000805676us-gaap:BankOverdraftsMember2023-06-300000805676us-gaap:BankOverdraftsMember2022-12-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676prk:ConstructionRealEstateCommercialDomain2023-06-300000805676prk:ConstructionRealEstateCommercialDomain2022-12-310000805676prk:ConstructionRealEstateRetailMember2023-06-300000805676prk:ConstructionRealEstateRetailMember2022-12-310000805676prk:ResidentialRealEstateCommercialMember2023-06-300000805676prk:ResidentialRealEstateCommercialMember2022-12-310000805676prk:ResidentialRealEstateMortgageMember2023-06-300000805676prk:ResidentialRealEstateMortgageMember2022-12-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-12-310000805676prk:ResidentialRealEstateInstallmentMember2023-06-300000805676prk:ResidentialRealEstateInstallmentMember2022-12-310000805676prk:ConsumerLessGFSCAndCheckLoansMember2023-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMember2022-12-310000805676prk:GFSCLoansMember2023-06-300000805676prk:GFSCLoansMember2022-12-310000805676prk:CheckLoansMember2023-06-300000805676prk:CheckLoansMember2022-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMember2022-12-3100008056762020-01-012021-12-3100008056762022-01-012022-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-06-300000805676prk:PPPLoansReceivableMember2023-06-300000805676prk:GFSCLoansMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2022-12-310000805676prk:PPPLoansReceivableMember2022-12-310000805676prk:GFSCLoansMember2022-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:PPPLoansReceivableMember2023-06-300000805676us-gaap:BankOverdraftsMemberus-gaap:NonperformingFinancingReceivableMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateCommercialDomain2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:NonperformingFinancingReceivableMember2023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:NonperformingFinancingReceivableMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:GFSCLoansMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberprk:CheckLoansMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:NonperformingFinancingReceivableMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:PPPLoansReceivableMember2022-12-310000805676us-gaap:BankOverdraftsMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateCommercialDomain2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:GFSCLoansMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CheckLoansMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676us-gaap:NonperformingFinancingReceivableMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:RealEstateMember2023-06-300000805676prk:BusinessAssetsMemberprk:CommercialFinancialAndAgriculturalMember2023-06-300000805676prk:CommercialFinancialAndAgriculturalMemberprk:OtherCollateralMember2023-06-300000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:CollateralPledgedMember2023-06-300000805676us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676prk:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676prk:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:RealEstateMember2023-06-300000805676prk:BusinessAssetsMemberprk:ConstructionRealEstateCommercialDomain2023-06-300000805676prk:ConstructionRealEstateCommercialDomainprk:OtherCollateralMember2023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:CollateralPledgedMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:RealEstateMember2023-06-300000805676prk:BusinessAssetsMemberprk:ResidentialRealEstateCommercialMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberprk:OtherCollateralMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:CollateralPledgedMember2023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:RealEstateMember2023-06-300000805676prk:BusinessAssetsMemberprk:ResidentialRealEstateMortgageMember2023-06-300000805676prk:ResidentialRealEstateMortgageMemberprk:OtherCollateralMember2023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:CollateralPledgedMember2023-06-300000805676us-gaap:RealEstateMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676prk:BusinessAssetsMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMemberprk:OtherCollateralMember2023-06-300000805676us-gaap:CollateralPledgedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:RealEstateMember2023-06-300000805676prk:BusinessAssetsMember2023-06-300000805676prk:OtherCollateralMember2023-06-300000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:RealEstateMember2022-12-310000805676prk:BusinessAssetsMemberprk:CommercialFinancialAndAgriculturalMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:OtherCollateralMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:CollateralPledgedMember2022-12-310000805676us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676prk:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676prk:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:RealEstateMember2022-12-310000805676prk:BusinessAssetsMemberprk:ConstructionRealEstateCommercialDomain2022-12-310000805676prk:ConstructionRealEstateCommercialDomainprk:OtherCollateralMember2022-12-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:CollateralPledgedMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:RealEstateMember2022-12-310000805676prk:BusinessAssetsMemberprk:ResidentialRealEstateCommercialMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberprk:OtherCollateralMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:CollateralPledgedMember2022-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:RealEstateMember2022-12-310000805676prk:BusinessAssetsMemberprk:ResidentialRealEstateMortgageMember2022-12-310000805676prk:ResidentialRealEstateMortgageMemberprk:OtherCollateralMember2022-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:CollateralPledgedMember2022-12-310000805676us-gaap:RealEstateMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676prk:BusinessAssetsMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberprk:OtherCollateralMember2022-12-310000805676us-gaap:CollateralPledgedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676us-gaap:RealEstateMember2022-12-310000805676prk:BusinessAssetsMember2022-12-310000805676prk:OtherCollateralMember2022-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2022-04-012022-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-01-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2022-01-012022-06-300000805676prk:PPPLoansReceivableMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMember2022-04-012022-06-300000805676prk:PPPLoansReceivableMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMember2022-01-012022-06-300000805676us-gaap:BankOverdraftsMember2023-04-012023-06-300000805676us-gaap:BankOverdraftsMember2022-04-012022-06-300000805676us-gaap:BankOverdraftsMember2023-01-012023-06-300000805676us-gaap:BankOverdraftsMember2022-01-012022-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2022-04-012022-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-06-300000805676prk:ConstructionRealEstateCommercialDomain2023-04-012023-06-300000805676prk:ConstructionRealEstateCommercialDomain2022-04-012022-06-300000805676prk:ConstructionRealEstateCommercialDomain2023-01-012023-06-300000805676prk:ConstructionRealEstateCommercialDomain2022-01-012022-06-300000805676prk:ConstructionRealEstateRetailMember2023-04-012023-06-300000805676prk:ConstructionRealEstateRetailMember2022-04-012022-06-300000805676prk:ConstructionRealEstateRetailMember2023-01-012023-06-300000805676prk:ConstructionRealEstateRetailMember2022-01-012022-06-300000805676prk:ResidentialRealEstateCommercialMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMember2022-04-012022-06-300000805676prk:ResidentialRealEstateCommercialMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMember2022-01-012022-06-300000805676prk:ResidentialRealEstateMortgageMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMember2022-04-012022-06-300000805676prk:ResidentialRealEstateMortgageMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMember2022-01-012022-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-04-012023-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-04-012022-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-01-012023-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-01-012022-06-300000805676prk:ResidentialRealEstateInstallmentMember2023-04-012023-06-300000805676prk:ResidentialRealEstateInstallmentMember2022-04-012022-06-300000805676prk:ResidentialRealEstateInstallmentMember2023-01-012023-06-300000805676prk:ResidentialRealEstateInstallmentMember2022-01-012022-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMember2023-04-012023-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMember2022-04-012022-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMember2023-01-012023-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMember2022-01-012022-06-300000805676prk:GFSCLoansMember2023-04-012023-06-300000805676prk:GFSCLoansMember2022-04-012022-06-300000805676prk:GFSCLoansMember2023-01-012023-06-300000805676prk:GFSCLoansMember2022-01-012022-06-300000805676prk:CheckLoansMember2023-04-012023-06-300000805676prk:CheckLoansMember2022-04-012022-06-300000805676prk:CheckLoansMember2023-01-012023-06-300000805676prk:CheckLoansMember2022-01-012022-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMember2022-04-012022-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMember2022-01-012022-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:FinancialAssetPastDueMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:FinancialAssetPastDueMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:PPPLoansReceivableMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:BankOverdraftsMember2023-06-300000805676us-gaap:BankOverdraftsMember2023-06-300000805676us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:FinancialAssetPastDueMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateCommercialDomain2023-06-300000805676us-gaap:FinancialAssetPastDueMemberprk:ConstructionRealEstateRetailMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateRetailMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:FinancialAssetPastDueMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:FinancialAssetNotPastDueMember2023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:FinancialAssetPastDueMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateMortgageMember2023-06-300000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-06-300000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateInstallmentMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateInstallmentMember2023-06-300000805676us-gaap:FinancialAssetPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-06-300000805676prk:GFSCLoansMemberus-gaap:FinancialAssetPastDueMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:GFSCLoansMember2023-06-300000805676us-gaap:FinancialAssetPastDueMemberprk:CheckLoansMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberprk:CheckLoansMember2023-06-300000805676us-gaap:FinancialAssetPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:FinancialAssetPastDueMember2023-06-300000805676us-gaap:FinancialAssetNotPastDueMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:FinancialAssetPastDueMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2022-12-310000805676prk:PPPLoansReceivableMemberus-gaap:FinancialAssetPastDueMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:PPPLoansReceivableMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:BankOverdraftsMember2022-12-310000805676us-gaap:BankOverdraftsMember2022-12-310000805676us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:FinancialAssetPastDueMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateCommercialDomain2022-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ConstructionRealEstateRetailMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateRetailMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:FinancialAssetPastDueMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:FinancialAssetPastDueMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateMortgageMember2022-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateInstallmentMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateInstallmentMember2022-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2022-12-310000805676prk:GFSCLoansMemberus-gaap:FinancialAssetPastDueMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:GFSCLoansMember2022-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:CheckLoansMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:CheckLoansMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676us-gaap:FinancialAssetPastDueMember2022-12-310000805676us-gaap:FinancialAssetNotPastDueMember2022-12-310000805676us-gaap:PassMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberprk:FiveRatedMember2023-06-300000805676prk:SixRatedMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberprk:ImpairedMember2023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2023-01-012023-06-300000805676us-gaap:PassMemberprk:PPPLoansReceivableMember2023-06-300000805676prk:PPPLoansReceivableMemberprk:FiveRatedMember2023-06-300000805676prk:SixRatedMemberprk:PPPLoansReceivableMember2023-06-300000805676prk:ImpairedMemberprk:PPPLoansReceivableMember2023-06-300000805676prk:PPPLoansReceivableMember2023-01-012023-06-300000805676us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberprk:FiveRatedMember2023-06-300000805676prk:SixRatedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676prk:ImpairedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:PassMemberprk:ConstructionRealEstateCommercialDomain2023-06-300000805676prk:ConstructionRealEstateCommercialDomainprk:FiveRatedMember2023-06-300000805676prk:SixRatedMemberprk:ConstructionRealEstateCommercialDomain2023-06-300000805676prk:ConstructionRealEstateCommercialDomainprk:ImpairedMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PassMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberprk:FiveRatedMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberprk:SixRatedMember2023-06-300000805676prk:ResidentialRealEstateCommercialMemberprk:ImpairedMember2023-06-300000805676us-gaap:PassMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMemberprk:FiveRatedMember2023-06-300000805676prk:SixRatedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676prk:ImpairedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-06-300000805676us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2023-06-300000805676us-gaap:CommercialPortfolioSegmentMemberprk:FiveRatedMember2023-06-300000805676prk:SixRatedMemberus-gaap:CommercialPortfolioSegmentMember2023-06-300000805676prk:ImpairedMemberus-gaap:CommercialPortfolioSegmentMember2023-06-300000805676us-gaap:CommercialPortfolioSegmentMember2023-06-300000805676us-gaap:CommercialPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:PassMemberprk:CommercialFinancialAndAgriculturalMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:FiveRatedMember2022-12-310000805676prk:SixRatedMemberprk:CommercialFinancialAndAgriculturalMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:ImpairedMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMember2022-12-310000805676us-gaap:PassMemberprk:PPPLoansReceivableMember2022-12-310000805676prk:PPPLoansReceivableMemberprk:FiveRatedMember2022-12-310000805676prk:SixRatedMemberprk:PPPLoansReceivableMember2022-12-310000805676prk:ImpairedMemberprk:PPPLoansReceivableMember2022-12-310000805676us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberprk:FiveRatedMember2022-12-310000805676prk:SixRatedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676prk:ImpairedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:PassMemberprk:ConstructionRealEstateCommercialDomain2022-12-310000805676prk:ConstructionRealEstateCommercialDomainprk:FiveRatedMember2022-12-310000805676prk:SixRatedMemberprk:ConstructionRealEstateCommercialDomain2022-12-310000805676prk:ConstructionRealEstateCommercialDomainprk:ImpairedMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PassMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberprk:FiveRatedMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberprk:SixRatedMember2022-12-310000805676prk:ResidentialRealEstateCommercialMemberprk:ImpairedMember2022-12-310000805676us-gaap:PassMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberprk:FiveRatedMember2022-12-310000805676prk:SixRatedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676prk:ImpairedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:FiveRatedMember2022-12-310000805676prk:SixRatedMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000805676prk:ImpairedMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000805676us-gaap:CommercialPortfolioSegmentMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:BankOverdraftsMember2023-06-300000805676us-gaap:BankOverdraftsMember2023-01-012023-06-300000805676us-gaap:PerformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PerformingFinancingReceivableMember2023-06-300000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-06-300000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2023-06-300000805676us-gaap:PerformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-06-300000805676us-gaap:PerformingFinancingReceivableMemberprk:GFSCLoansMember2023-06-300000805676us-gaap:PerformingFinancingReceivableMemberprk:CheckLoansMember2023-06-300000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-06-300000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2023-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2023-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:BankOverdraftsMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2022-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PerformingFinancingReceivableMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:GFSCLoansMember2022-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:CheckLoansMember2022-12-310000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2022-12-310000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2022-12-3100008056762018-07-010000805676us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-07-0100008056762019-04-010000805676us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-04-010000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-01-012021-12-310000805676us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2023-06-300000805676us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2022-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PrincipalForgivenessMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PaymentDeferralMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberprk:ModificationOtherMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:PrincipalForgivenessMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:PaymentDeferralMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:PPPLoansReceivableMemberprk:ModificationOtherMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberus-gaap:BankOverdraftsMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberus-gaap:BankOverdraftsMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberus-gaap:BankOverdraftsMember2023-04-012023-06-300000805676us-gaap:BankOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:BankOverdraftsMember2023-04-012023-06-300000805676prk:ModificationOtherMemberus-gaap:BankOverdraftsMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-04-012023-06-300000805676prk:ModificationOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ConstructionRealEstateCommercialDomain2023-04-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:PaymentDeferralMember2023-04-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainprk:ModificationOtherMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ConstructionRealEstateRetailMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ConstructionRealEstateRetailMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ConstructionRealEstateRetailMember2023-04-012023-06-300000805676prk:ConstructionRealEstateRetailMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ConstructionRealEstateRetailMember2023-04-012023-06-300000805676prk:ModificationOtherMemberprk:ConstructionRealEstateRetailMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PrincipalForgivenessMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PaymentDeferralMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberprk:ModificationOtherMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PrincipalForgivenessMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PaymentDeferralMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberprk:ModificationOtherMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-04-012023-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-04-012023-06-300000805676prk:ModificationOtherMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ResidentialRealEstateInstallmentMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ResidentialRealEstateInstallmentMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ResidentialRealEstateInstallmentMember2023-04-012023-06-300000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ResidentialRealEstateInstallmentMember2023-04-012023-06-300000805676prk:ModificationOtherMemberprk:ResidentialRealEstateInstallmentMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-04-012023-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-04-012023-06-300000805676prk:ModificationOtherMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:GFSCLoansMember2023-04-012023-06-300000805676prk:GFSCLoansMemberus-gaap:PaymentDeferralMember2023-04-012023-06-300000805676prk:GFSCLoansMemberus-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676prk:GFSCLoansMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676prk:GFSCLoansMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:GFSCLoansMemberprk:ModificationOtherMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:CheckLoansMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:CheckLoansMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:CheckLoansMember2023-04-012023-06-300000805676prk:CheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:CheckLoansMember2023-04-012023-06-300000805676prk:ModificationOtherMemberprk:CheckLoansMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-04-012023-06-300000805676prk:ModificationOtherMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:PrincipalForgivenessMember2023-04-012023-06-300000805676us-gaap:PaymentDeferralMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityMember2023-04-012023-06-300000805676us-gaap:InterestRateBelowMarketReductionMember2023-04-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMember2023-04-012023-06-300000805676prk:ModificationOtherMember2023-04-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PrincipalForgivenessMember2023-01-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PaymentDeferralMember2023-01-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberprk:ModificationOtherMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:PrincipalForgivenessMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:PaymentDeferralMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:PPPLoansReceivableMemberprk:ModificationOtherMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberus-gaap:BankOverdraftsMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberus-gaap:BankOverdraftsMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberus-gaap:BankOverdraftsMember2023-01-012023-06-300000805676us-gaap:BankOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:BankOverdraftsMember2023-01-012023-06-300000805676prk:ModificationOtherMemberus-gaap:BankOverdraftsMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-06-300000805676prk:ModificationOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ConstructionRealEstateCommercialDomain2023-01-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:PaymentDeferralMember2023-01-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:ConstructionRealEstateCommercialDomainprk:ModificationOtherMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ConstructionRealEstateRetailMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ConstructionRealEstateRetailMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ConstructionRealEstateRetailMember2023-01-012023-06-300000805676prk:ConstructionRealEstateRetailMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ConstructionRealEstateRetailMember2023-01-012023-06-300000805676prk:ModificationOtherMemberprk:ConstructionRealEstateRetailMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PrincipalForgivenessMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PaymentDeferralMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:ResidentialRealEstateCommercialMemberprk:ModificationOtherMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PrincipalForgivenessMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PaymentDeferralMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:ResidentialRealEstateMortgageMemberprk:ModificationOtherMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-01-012023-06-300000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-01-012023-06-300000805676prk:ModificationOtherMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ResidentialRealEstateInstallmentMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ResidentialRealEstateInstallmentMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ResidentialRealEstateInstallmentMember2023-01-012023-06-300000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ResidentialRealEstateInstallmentMember2023-01-012023-06-300000805676prk:ModificationOtherMemberprk:ResidentialRealEstateInstallmentMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-01-012023-06-300000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-01-012023-06-300000805676prk:ModificationOtherMemberprk:ConsumerLessGFSCAndCheckLoansMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:GFSCLoansMember2023-01-012023-06-300000805676prk:GFSCLoansMemberus-gaap:PaymentDeferralMember2023-01-012023-06-300000805676prk:GFSCLoansMemberus-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676prk:GFSCLoansMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676prk:GFSCLoansMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:GFSCLoansMemberprk:ModificationOtherMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberprk:CheckLoansMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberprk:CheckLoansMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberprk:CheckLoansMember2023-01-012023-06-300000805676prk:CheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberprk:CheckLoansMember2023-01-012023-06-300000805676prk:ModificationOtherMemberprk:CheckLoansMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-01-012023-06-300000805676prk:ModificationOtherMemberus-gaap:FinanceLeasesPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:PrincipalForgivenessMember2023-01-012023-06-300000805676us-gaap:PaymentDeferralMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityMember2023-01-012023-06-300000805676us-gaap:InterestRateBelowMarketReductionMember2023-01-012023-06-300000805676us-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-06-300000805676prk:ModificationOtherMember2023-01-012023-06-300000805676us-gaap:FinancingReceivables1To29DaysPastDueMember2023-04-012023-06-300000805676us-gaap:FinancingReceivables30To59DaysPastDueMember2023-01-012023-06-300000805676prk:CommercialFinancialAndAgriculturalMember2023-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310000805676prk:ConstructionRealEstateMember2023-03-310000805676us-gaap:ResidentialPortfolioSegmentMember2023-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2023-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2023-03-3100008056762023-03-310000805676prk:CommercialFinancialAndAgriculturalMember2023-04-012023-06-300000805676prk:ConstructionRealEstateMember2023-04-012023-06-300000805676us-gaap:ResidentialPortfolioSegmentMember2023-04-012023-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2023-04-012023-06-300000805676prk:CommercialFinancialAndAgriculturalMember2023-06-300000805676prk:ConstructionRealEstateMember2023-06-300000805676us-gaap:ResidentialPortfolioSegmentMember2023-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2023-06-300000805676prk:CommercialFinancialAndAgriculturalMember2022-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310000805676prk:ConstructionRealEstateMember2022-03-310000805676us-gaap:ResidentialPortfolioSegmentMember2022-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2022-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2022-03-3100008056762022-03-310000805676prk:CommercialFinancialAndAgriculturalMember2022-04-012022-06-300000805676prk:ConstructionRealEstateMember2022-04-012022-06-300000805676us-gaap:ResidentialPortfolioSegmentMember2022-04-012022-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2022-04-012022-06-300000805676prk:CommercialFinancialAndAgriculturalMember2022-06-300000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000805676prk:ConstructionRealEstateMember2022-06-300000805676us-gaap:ResidentialPortfolioSegmentMember2022-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2022-06-300000805676us-gaap:FinanceLeasesPortfolioSegmentMember2022-06-300000805676prk:CommercialFinancialAndAgriculturalMember2022-12-310000805676prk:ConstructionRealEstateMember2022-12-310000805676us-gaap:ResidentialPortfolioSegmentMember2022-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberprk:CommercialFinancialAndAgriculturalMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberprk:ConstructionRealEstateMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:FinanceLeasesPortfolioSegmentMember2022-12-310000805676srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310000805676prk:CommercialFinancialAndAgriculturalMember2023-01-012023-06-300000805676prk:ConstructionRealEstateMember2023-01-012023-06-300000805676us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-06-300000805676prk:CommercialFinancialAndAgriculturalMember2021-12-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000805676prk:ConstructionRealEstateMember2021-12-310000805676us-gaap:ResidentialPortfolioSegmentMember2021-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2021-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2021-12-310000805676prk:CommercialFinancialAndAgriculturalMember2022-01-012022-06-300000805676prk:ConstructionRealEstateMember2022-01-012022-06-300000805676us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-06-300000805676us-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300000805676us-gaap:RealEstateLoanMember2023-06-300000805676us-gaap:RealEstateLoanMember2022-12-310000805676us-gaap:CoreDepositsMember2023-06-300000805676us-gaap:CoreDepositsMember2022-12-310000805676us-gaap:TradeNamesMember2023-06-300000805676us-gaap:TradeNamesMember2022-12-310000805676us-gaap:OtherInvesteesMember2023-06-300000805676us-gaap:OtherInvesteesMember2022-12-310000805676us-gaap:CommercialRealEstateMember2023-06-300000805676us-gaap:CommercialRealEstateMember2022-12-310000805676us-gaap:ResidentialRealEstateMember2023-06-300000805676us-gaap:ResidentialRealEstateMember2022-12-310000805676us-gaap:OtherAssetsMember2023-06-300000805676us-gaap:OtherLiabilitiesMember2023-06-300000805676us-gaap:OtherAssetsMember2022-12-310000805676us-gaap:OtherLiabilitiesMember2022-12-310000805676us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2023-06-300000805676us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2022-12-310000805676us-gaap:MaturityOvernightMember2023-06-300000805676us-gaap:MaturityUpTo30DaysMember2023-06-300000805676us-gaap:Maturity30To90DaysMember2023-06-300000805676us-gaap:MaturityOver90DaysMember2023-06-300000805676us-gaap:MaturityOvernightMember2022-12-310000805676us-gaap:MaturityUpTo30DaysMember2022-12-310000805676us-gaap:Maturity30To90DaysMember2022-12-310000805676us-gaap:MaturityOver90DaysMember2022-12-310000805676prk:BorrowingDerivativeMember2023-06-300000805676prk:LoanDerivativeMember2023-06-300000805676prk:LoanDerivativeMember2022-12-310000805676prk:LoanDerivativeMember2023-01-012023-06-300000805676prk:LoanDerivativeMember2022-01-012022-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMember2023-06-300000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMember2023-01-012023-06-300000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMember2022-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMember2022-01-012022-12-310000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherAssetsMember2023-06-300000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherAssetsMember2023-01-012023-06-300000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherAssetsMember2022-12-310000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherAssetsMember2022-01-012022-12-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2023-06-300000805676us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2023-01-012023-06-300000805676us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2022-12-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2022-01-012022-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMember2023-06-300000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMember2023-01-012023-06-300000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMember2022-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMember2022-01-012022-12-310000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherLiabilitiesMember2023-06-300000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherLiabilitiesMember2023-01-012023-06-300000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherLiabilitiesMember2022-12-310000805676prk:LoanDerivativeMemberus-gaap:IndividuallyImmaterialCounterpartiesMemberus-gaap:OtherLiabilitiesMember2022-01-012022-12-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2023-06-300000805676us-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2023-01-012023-06-300000805676us-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2022-12-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2022-01-012022-12-310000805676prk:InterestRateLockCommitmentMember2023-06-300000805676prk:InterestRateLockCommitmentMember2022-12-310000805676us-gaap:SwapMember2023-06-300000805676us-gaap:SwapMember2022-12-310000805676us-gaap:PerformanceSharesMemberus-gaap:CommonStockMember2023-01-012023-06-300000805676us-gaap:PerformanceSharesMemberus-gaap:CommonStockMember2022-01-012022-06-300000805676us-gaap:PerformanceSharesMemberus-gaap:CommonStockMember2022-04-012022-06-300000805676us-gaap:PerformanceSharesMemberus-gaap:CommonStockMember2023-04-012023-06-30prk:segments0000805676prk:PnbSegmentMember2023-04-012023-06-300000805676us-gaap:AllOtherSegmentsMember2023-04-012023-06-300000805676prk:PnbSegmentMember2023-06-300000805676us-gaap:AllOtherSegmentsMember2023-06-300000805676prk:PnbSegmentMember2022-04-012022-06-300000805676us-gaap:AllOtherSegmentsMember2022-04-012022-06-300000805676prk:PnbSegmentMember2022-06-300000805676us-gaap:AllOtherSegmentsMember2022-06-300000805676prk:PnbSegmentMember2023-01-012023-06-300000805676us-gaap:AllOtherSegmentsMember2023-01-012023-06-300000805676prk:PnbSegmentMember2022-01-012022-06-300000805676us-gaap:AllOtherSegmentsMember2022-01-012022-06-300000805676prk:A2017EmployeesLongTermIncentivePlanMember2023-06-300000805676prk:A2017NonEmployeeDirectorsLTIPMember2023-06-300000805676prk:A2017EmployeesLongTermIncentivePlanMemberus-gaap:PerformanceSharesMember2023-01-012023-06-300000805676prk:A2017EmployeesLongTermIncentivePlanMemberus-gaap:PerformanceSharesMember2022-01-012022-06-300000805676prk:A2017EmployeesLongTermIncentivePlanMember2023-01-012023-06-300000805676us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2023-04-012023-06-300000805676us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2022-04-012022-06-300000805676us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2023-01-012023-06-300000805676us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2022-01-012022-06-300000805676us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2023-06-300000805676us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2023-06-300000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-06-300000805676us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMember2023-06-300000805676us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-12-310000805676us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2022-12-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000805676us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-04-012023-06-300000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-04-012023-06-300000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000805676us-gaap:EquitySecuritiesMember2022-04-012022-06-300000805676us-gaap:SwapMember2022-04-012022-06-300000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-01-012023-06-300000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-01-012023-06-300000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-01-012022-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMember2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMember2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMember2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000805676prk:CommercialReceivablesExcludingCommercialFinancialAndAgriculturalDomain2023-06-300000805676prk:FinancingReceivableNotCollateralDependentDomain2023-06-300000805676prk:CommercialReceivablesExcludingCommercialFinancialAndAgriculturalDomain2022-12-310000805676prk:FinancingReceivableNotCollateralDependentDomain2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:MinimumMember2023-06-300000805676us-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:MinimumMember2023-06-300000805676srt:MaximumMemberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputCapRateMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMembersrt:MinimumMember2023-06-300000805676us-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMember2023-06-300000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:ResidentialRealEstateMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMember2023-06-300000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:MinimumMember2022-12-310000805676us-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:MinimumMember2022-12-310000805676srt:MaximumMemberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputCapRateMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:CostApproachValuationTechniqueMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMembersrt:MinimumMember2022-12-310000805676us-gaap:CostApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:CostApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMemberus-gaap:LoansReceivableMember2022-12-310000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMembersrt:MinimumMember2022-12-310000805676us-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:ResidentialRealEstateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMember2022-12-310000805676us-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:ResidentialRealEstateMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LoansReceivableMember2022-12-310000805676us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2023-06-300000805676us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000805676us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-06-300000805676us-gaap:FairValueInputsLevel1Member2023-06-300000805676us-gaap:FairValueInputsLevel2Member2023-06-300000805676us-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:EquitySecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-06-300000805676us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2023-06-300000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:EquitySecuritiesMember2023-06-300000805676us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-06-300000805676us-gaap:LoansReceivableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-06-300000805676us-gaap:FairValueInputsLevel1Memberus-gaap:LoansReceivableMember2023-06-300000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel2Member2023-06-300000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:LoansReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-06-300000805676us-gaap:SwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-06-300000805676us-gaap:SwapMemberus-gaap:FairValueInputsLevel3Member2023-06-300000805676us-gaap:LoansReceivableMember2023-06-300000805676us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000805676us-gaap:FairValueInputsLevel1Member2022-12-310000805676us-gaap:FairValueInputsLevel2Member2022-12-310000805676us-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000805676us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2022-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:EquitySecuritiesMember2022-12-310000805676us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000805676us-gaap:FairValueInputsLevel1Memberus-gaap:LoansReceivableMember2022-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel2Member2022-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:LoansReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000805676us-gaap:SwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000805676us-gaap:SwapMemberus-gaap:FairValueInputsLevel3Member2022-12-310000805676us-gaap:LoansReceivableMember2022-12-310000805676prk:WithinScopeDomain2023-04-012023-06-300000805676prk:OutofScopeDomain2023-04-012023-06-300000805676prk:WithinScopeDomain2022-04-012022-06-300000805676prk:OutofScopeDomain2022-04-012022-06-300000805676prk:WithinScopeDomain2023-01-012023-06-300000805676prk:OutofScopeDomain2023-01-012023-06-300000805676prk:WithinScopeDomain2022-01-012022-06-300000805676prk:OutofScopeDomain2022-01-012022-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 10-Q
 
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2023
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______________________ to __________________________

  
Commission File Number1-13006
 
PARK NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
 
Ohio 31-1179518
(State or other jurisdiction of
incorporation or organization)
 (I.R.S. Employer Identification No.)
50 North Third Street, P.O. Box 3500Newark,Ohio43058-3500
(Address of principal executive offices) (Zip Code)
(740) 349-8451
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common shares, without par valuePRKNYSE American


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 Yes   ☒   No   ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes  ☒   No  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”,
“smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company    
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 Yes      No   ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 16,153,425 Common Shares, no par value per share, outstanding at July 31, 2023.




PARK NATIONAL CORPORATION
 
CONTENTS
 Page
PART I.   FINANCIAL INFORMATION 
  
Item 1.  Financial Statements 
  
  
  
  
  
  
  
  
  
  
103 
  
  
  
  
  
  
  
  

3


Glossary of Abbreviations and Acronyms

Park has identified the following list of abbreviations and acronyms that are used in the Unaudited Consolidated Condensed Financial Statements, Notes to Unaudited Consolidated Condensed Financial Statements, and Management's Discussion and Analysis of Financial Condition and Results of Operations.

ACLAllowance for credit lossesMSRsMortgage servicing rights
AFSAvailable-for-saleNAVNet asset value
AllowanceAllowance for credit lossesNewDominionNewDominion Bank
ASCAccounting Standards CodificationOREOOther real estate owned
ASUAccounting Standards UpdateOWSOne-way sell
ATMAutomated teller machineParkPark National Corporation and its subsidiaries
CARES ActCoronavirus Aid, Relief, and Economic Security ActPark National BankThe Park National Bank
Carolina AllianceCAB Financial Corporation and its subsidiariesPBRSUsPerformance-based restricted stock units
CECLCurrent expected credit lossPCDPurchased credit deteriorated
CompanyPark National Corporation and its subsidiariesPDProbability of default
CorporationPark National Corporation and its subsidiariesPNBThe Park National Bank
COVIDNovel coronavirusPPPCARES Act Paycheck Protection Program
DCFDiscounted cash flowPTPPPre-tax, pre-provision
EPSEarnings per common shareRegistrantPark National Corporation
FASBFinancial Accounting Standards BoardROURight-of-use
FHLBFederal Home Loan BankSARsStock appreciation rights
FRBFederal Reserve BankSBASmall Business Administration
FTEFully taxable equivalentSECU.S. Securities and Exchange Commission
GDPGross domestic productSEPHSE Property Holdings, LLC
GFSCGuardian Financial Services CompanyTBRSUsTime-based restricted stock units
HELOCHome equity line of creditTDRsTroubled debt restructurings
HPIHome price indexU.S.United States of America
IRLCInterest rate lock commitmentU.S. GAAPUnited States Generally Accepted Accounting Principles
KSOPPark's qualified retirement plan that combines an employee stock ownership plan (ESOP) with a 401(k) planUnited StatesUnited States of America
LDALoss driver analysisVisionVision Bancshares, Inc.
LGDLoss given defaultVOVVerification of value
LIBORLondon Inter-Bank Offered Rate

4

Table of Contents


PART I. FINANCIAL INFORMATION
Item 1.      Financial Statements

PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Balance Sheets (Unaudited)
(in thousands, except common share and per common share data)    
                
June 30,
2023
December 31, 2022
Assets:  
Cash and due from banks$159,552 $156,750 
Money market instruments70,845 32,978 
Cash and cash equivalents230,397 189,728 
Investment securities:  
Debt securities available-for-sale, at fair value (amortized cost of $1,782,922 and $1,854,852 at June 30, 2023 and December 31, 2022, respectively, and no allowance for credit losses at June 30, 2023 or at December 31, 2022)
1,668,864 1,733,696 
Other investment securities88,089 87,091 
Total investment securities1,756,953 1,820,787 
Loans7,208,109 7,141,891 
Allowance for credit losses(87,206)(85,379)
Net loans7,120,903 7,056,512 
Bank owned life insurance224,248 220,072 
Prepaid assets158,482 153,579 
Goodwill159,595 159,595 
Other intangible assets5,320 5,975 
Premises and equipment, net78,933 82,126 
Affordable housing tax credit investments56,774 60,968 
OREO2,267 1,354 
Accrued interest receivable36,416 34,704 
Operating lease ROU asset16,609 17,600 
Mortgage loan servicing rights15,237 15,792 
Other37,417 36,201 
Total assets$9,899,551 $9,854,993 

5

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Balance Sheets (Unaudited) (Continued)
(in thousands, except common share and per common share data)

June 30,
2023
December 31, 2022
Liabilities and Shareholders' Equity:  
Deposits:  
Non-interest bearing$2,796,009 $3,074,276 
Interest bearing5,562,967 5,160,439 
Total deposits8,358,976 8,234,715 
Short-term borrowings143,914 227,342 
Subordinated notes188,904 188,667 
Unfunded commitments in affordable housing tax credit investments22,556 28,132 
Operating lease liability17,917 19,291 
Allowance for credit losses on off-balance sheet commitments5,452 5,214 
Accrued interest payable4,048 3,486 
Other69,027 78,920 
Total liabilities$8,810,794 $8,785,767 
Shareholders' equity:  
Preferred shares (No par value; 200,000 shares authorized; No shares issued)
$ $ 
Common shares (No par value; 20,000,000 shares authorized; 17,623,104 common shares issued at June 30, 2023 and at December 31, 2022)
460,578 462,404 
Retained earnings876,830 847,235 
Treasury shares (1,469,679 common shares at June 30, 2023 and 1,359,521 common shares at December 31, 2022)
(151,865)(138,019)
Accumulated other comprehensive loss, net of taxes(96,786)(102,394)
Total shareholders' equity1,088,757 1,069,226 
Total liabilities and shareholders’ equity$9,899,551 $9,854,993 

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
6

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Income (Unaudited)
(in thousands, except common share and per common share data)

Three Months Ended
June 30,
Six Months Ended
June 30,
 2023202220232022
Interest and dividend income:  
Interest and fees on loans$96,428 $77,787 $188,042 $150,203 
Interest and dividends on:  
Debt securities - taxable13,431 7,624 26,410 13,754 
Debt securities - tax-exempt2,906 2,676 5,818 5,123 
Other interest income1,909 260 5,305 413 
Total interest and dividend income114,674 88,347 225,575 169,493 
Interest expense:  
Interest on deposits:  
Demand and savings deposits18,068 1,333 32,280 1,684 
Time deposits1,966 708 3,313 1,428 
Interest on borrowings:  
Short-term borrowings728 190 1,552 434 
Subordinated notes and long-term debt2,340 2,177 4,660 4,322 
Total interest expense23,102 4,408 41,805 7,868 
Net interest income91,572 83,939 183,770 161,625 
Provision for (recovery of) credit losses2,492 2,991 2,675 (1,614)
Net interest income after provision for (recovery of) credit losses$89,080 $80,948 $181,095 $163,239 
Other income:  
Income from fiduciary activities$8,816 $8,859 $17,431 $17,656 
Service charges on deposit accounts2,041 2,563 4,282 4,637 
Other service income2,639 4,940 5,336 9,759 
Debit card fee income6,830 6,731 13,287 12,857 
Bank owned life insurance income1,332 2,374 2,517 3,549 
ATM fees553 583 1,086 1,115 
Gain on the sale of OREO, net12 4 3 4 
OREO valuation markup  15 30 
Gain (loss) on equity securities, net25 709 (380)3,062 
Other components of net periodic pension benefit income1,893 3,027 3,786 6,054 
Miscellaneous874 1,403 2,039 4,126 
Total other income$25,015 $31,193 $49,402 $62,849 
 

7

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Income (Unaudited) (Continued)
(in thousands, except common share and per common share data)

Three Months Ended
June 30,
Six Months Ended
June 30,
 2023202220232022
Other expense:  
Salaries$33,649 $31,052 $68,520 $61,573 
Employee benefits10,538 10,199 21,354 20,698 
Occupancy expense3,214 3,040 6,567 6,254 
Furniture and equipment expense3,103 2,934 6,349 5,871 
Data processing fees9,582 8,416 18,332 15,920 
Professional fees and services7,365 6,775 14,586 12,633 
Marketing1,239 1,019 2,558 2,336 
Insurance1,960 1,245 3,774 2,650 
Communication1,045 935 2,082 1,825 
State tax expense1,096 1,167 2,374 2,359 
Amortization of intangible assets328 403 655 805 
Miscellaneous2,766 2,863 5,237 4,497 
Total other expense$75,885 $70,048 $152,388 $137,421 
Income before income taxes$38,210 $42,093 78,109 88,667 
Income taxes6,626 7,769 12,792 15,468 
Net income$31,584 $34,324 $65,317 $73,199 
Earnings per common share:
Basic$1.95 $2.11 $4.03 $4.51 
Diluted$1.94 $2.10 $4.01 $4.48 
Weighted average common shares outstanding:  
Basic16,165,119 16,249,307 16,203,736 16,234,598 
Diluted16,240,600 16,361,246 16,282,693 16,346,141 
Regular cash dividends declared per common share$1.05 $1.04 $2.10 $2.08 
 
SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
 


8

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited)
(in thousands)

Three Months Ended
June 30,
Six Months Ended
June 30,
 2023202220232022
Net income$31,584 $34,324 $65,317 $73,199 
Other comprehensive (loss) income, net of tax:
Unrealized net holding (loss) gain on debt securities available-for-sale, net of income tax effect of $(1,795) and $(11,963) for the three months ended June 30, 2023 and 2022, respectively, and $1,490 and $(26,786) for the six months ended June 30, 2023 and 2022, respectively.
(6,753)(45,002)5,608 (100,765)
Reclassification adjustment for losses included in net income on cash flow hedging derivatives, net of income tax effect of $14 for both the three months and six months ended June 30, 2022.
 52  52 
Unrealized gain on cash flow hedging derivatives, net of income tax effect of $4 for the three months ended June 30, 2022 and $41 for the six months ended June 30, 2022.
 15  154 
Other comprehensive (loss) income$(6,753)$(44,935)$5,608 $(100,559)
Comprehensive income (loss)$24,831 $(10,611)$70,925 $(27,360)
 
SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

9

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited)
(in thousands, except common share and per common share data)
  
Preferred
Shares
Common
Shares
Retained
Earnings
Treasury
Shares
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2022$ $462,404 $847,235 $(138,019)$(102,394)
Cumulative effect of a change in accounting principle(303)
Balance at January 1, 2023$ $462,404 $846,932 $(138,019)$(102,394)
Net income33,733 
Other comprehensive income, net of tax12,361 
Dividends on common shares at $1.05 per common share
(17,285)
Issuance of 34,484 common shares under share-based compensation awards, net of 21,981 common shares withheld to pay employee income taxes
(5,309)(862)3,564 
Share-based compensation expense2,336 
Repurchase of 124,000 common shares to be held as treasury shares
(15,308)
Balance at March 31, 2023$ $459,431 $862,518 $(149,763)$(90,033)
Net income31,584 
Other comprehensive loss net of tax(6,753)
Dividends on common shares at $1.05 per common share
(17,187)
Issuance of 4,358 common shares under share-based compensation awards, net of 1,992 common shares withheld to pay employee income taxes
(602)(85)$450 
Share-based compensation expense1,749 
Repurchase of 25,000 common shares to be held as treasury shares
(2,552)
Balance at June 30, 2023$ $460,578 $876,830 $(151,865)$(96,786)

10

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited) (Continued)
(in thousands, except common share and per common share data)

Preferred
Shares
Common
Shares
Retained
Earnings
Treasury
Shares
Accumulated
Other
Comprehensive
Income (Loss)
Balance at December 31, 2021$ $461,800 $776,294 $(142,490)$15,155 
Net income  38,875 
Other comprehensive loss, net of tax (55,624)
Dividends on common shares at $1.04 per common share
  (17,172)
Cash payment for fractional common shares in dividend reinvestment plan (2) 
Issuance of 29,757 common shares under share-based compensation awards, net of 18,658 common shares withheld to pay employee income taxes
(4,508)(964)3,021 
Share-based compensation expense1,981 
Balance at March 31, 2022$ $459,271 $797,033 $(139,469)$(40,469)
Net income34,324 
Other comprehensive loss, net of tax(44,935)
Dividends on common shares at $1.04 per common share
(17,116)
Share-based compensation expense1,374 
Balance at June 30, 2022$ $460,645 $814,241 $(139,469)$(85,404)

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

11

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Cash Flows (Unaudited)
(in thousands)
Six Months Ended
June 30,
 20232022
Operating activities:  
Net income$65,317 $73,199 
Adjustments to reconcile net income to net cash provided by operating activities:  
Provision for (recovery of) credit losses2,675 (1,614)
Accretion of loan fees and costs, net(4,400)(7,132)
Depreciation of premises and equipment7,122 6,943 
Amortization of investment securities, net1,722 1,704 
Net amortization (accretion) of purchase accounting adjustments263 (241)
Loss (gain) on equity securities, net380 (3,062)
Loan originations to be sold in secondary market(32,720)(128,306)
Proceeds from sale of loans in secondary market32,008 135,241 
Gain on sale of loans in secondary market(625)(3,227)
Share-based compensation expense4,085 3,355 
Gain on sale of OREO, net(3)(4)
OREO valuation markup(15)(30)
Bank owned life insurance income(2,517)(3,549)
Investment in qualified affordable housing tax credits amortization4,194 3,960 
Changes in assets and liabilities:
Increase in prepaid dealer premiums(244)(4,795)
Increase in other assets(7,312)(2,178)
Decrease in other liabilities(12,261)(13,802)
Net cash provided by operating activities$57,669 $56,462 
Investing activities:  
Proceeds from the redemption/repurchase of Federal Home Loan Bank stock$3,605 $ 
Proceeds from calls and maturities of:  
Debt securities AFS71,116 102,660 
Purchases of:  
Debt securities AFS(908)(316,878)
Equity securities(2,195)(2,630)
FHLB stock(1,407) 
Net decrease in other investments1,114 339 
Net loan originations, portfolio loans(62,384)(90,952)
Investment in qualified affordable housing tax credits(5,576)(7,252)
Proceeds from the sale of OREO57 67 
Bank owned life insurance death benefits1,104 7,525 
Purchases of bank owned life insurance(2,500)(7,500)
Purchases of premises and equipment(4,047)(3,740)
Net cash used in investing activities$(2,021)$(318,361)
12

Table of Contents


PARK NATIONAL CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Cash Flows (Unaudited) (Continued)
(in thousands)
Six Months Ended
June 30,
 20232022
Financing activities:  
Net (decrease) increase in deposits$(70,909)$219,870 
Net decrease in off-balance sheet deposits195,170 173,261 
Net decrease in short-term borrowings(83,428)(66,987)
Value of common shares withheld to pay employee income taxes(2,844)(2,451)
Repurchase of common shares to be held as treasury shares(17,860) 
Cash dividends paid(35,108)(34,533)
Net cash (used in) provided by financing activities$(14,979)$289,160 
Increase in cash and cash equivalents40,669 27,261 
Cash and cash equivalents at beginning of year189,728 219,180 
Cash and cash equivalents at end of period$230,397 $246,441 
Supplemental disclosures of cash flow information:  
Cash paid for:  
Interest$41,243 $7,904 
Federal income tax7,35010,500
Non-cash items:
Loans transferred to OREO$1,051 $1,409 
Transfers from loans to commercial loans held for sale 6,321 
ROU assets obtained in exchange for lease obligations179 4,182 
New commitments in other investment securities2,495 15,000 

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

13

Table of Contents



PARK NATIONAL CORPORATION
NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

Note 1 – Basis of Presentation
 
The accompanying unaudited consolidated condensed financial statements included in this report have been prepared for Park National Corporation (sometimes also referred to as the “Registrant”) and its subsidiaries. Unless the context otherwise requires, references to "Park", the "Corporation" or the "Company" and similar terms mean Park National Corporation and its subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the results of operations for the interim periods included herein have been made. The results of operations for the three-month and the six-month periods ended June 30, 2023 are not necessarily indicative of the operating results to be anticipated for the year ending December 31, 2023.
 
The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all information and footnotes necessary for a fair presentation of the consolidated condensed balance sheets, consolidated condensed statements of income, consolidated condensed statements of comprehensive income (loss), consolidated condensed statements of changes in shareholders’ equity and consolidated condensed statements of cash flows in conformity with U.S. GAAP. These financial statements should be read in conjunction with the consolidated financial statements included in Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA in the Annual Report on Form 10-K of Park National Corporation for the fiscal year ended December 31, 2022 ("Park's 2022 Form 10-K"). Certain prior period amounts have been reclassified to conform to the current period presentation.
 
Park’s significant accounting policies are described in Note 1. Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in Park’s 2022 Form 10-K. For interim reporting purposes, Park follows the same basic accounting policies, as updated by the information contained in this report, and considers each interim period an integral part of an annual period.

Recent bank failures have called into question the stability of the financial services industry. While Park is well capitalized and has significant available liquidity, the effects of these failures and potential future failures may meaningfully impact significant estimates such as the allowance for credit losses, goodwill, and pension plan obligations and related expenses.

Note 2 - Adoption of New Accounting Pronouncements and Issued But Not Yet Effective Accounting Standards

The following is a summary of new accounting pronouncements impacting Park's consolidated financial statements:

Adoption of New Accounting Pronouncements

ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures: In March 2022, FASB issued ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Tr