FALSE2025Q10000805676--12-31xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:pure00008056762025-01-012025-03-3100008056762025-05-0100008056762025-03-3100008056762024-12-3100008056762024-01-012024-03-310000805676us-gaap:FiduciaryAndTrustMember2025-01-012025-03-310000805676us-gaap:FiduciaryAndTrustMember2024-01-012024-03-310000805676us-gaap:DepositAccountMember2025-01-012025-03-310000805676us-gaap:DepositAccountMember2024-01-012024-03-310000805676us-gaap:BankServicingMember2025-01-012025-03-310000805676us-gaap:BankServicingMember2024-01-012024-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310000805676us-gaap:PreferredStockMember2024-12-310000805676us-gaap:CommonStockMember2024-12-310000805676us-gaap:RetainedEarningsMember2024-12-310000805676us-gaap:TreasuryStockCommonMember2024-12-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000805676us-gaap:RetainedEarningsMember2025-01-012025-03-310000805676us-gaap:CommonStockMember2025-01-012025-03-310000805676us-gaap:TreasuryStockCommonMember2025-01-012025-03-310000805676us-gaap:PreferredStockMember2025-03-310000805676us-gaap:CommonStockMember2025-03-310000805676us-gaap:RetainedEarningsMember2025-03-310000805676us-gaap:TreasuryStockCommonMember2025-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310000805676us-gaap:PreferredStockMember2023-12-310000805676us-gaap:CommonStockMember2023-12-310000805676us-gaap:RetainedEarningsMember2023-12-310000805676us-gaap:TreasuryStockCommonMember2023-12-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000805676us-gaap:RetainedEarningsMember2024-01-012024-03-310000805676us-gaap:CommonStockMember2024-01-012024-03-310000805676us-gaap:TreasuryStockCommonMember2024-01-012024-03-310000805676us-gaap:PreferredStockMember2024-03-310000805676us-gaap:CommonStockMember2024-03-310000805676us-gaap:RetainedEarningsMember2024-03-310000805676us-gaap:TreasuryStockCommonMember2024-03-310000805676us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310000805676us-gaap:MortgagesMember2025-01-012025-03-310000805676us-gaap:MortgagesMember2024-01-012024-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-03-3100008056762023-12-3100008056762024-03-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMember2025-03-310000805676us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-03-310000805676us-gaap:CollateralizedLoanObligationsMember2025-03-310000805676us-gaap:CorporateDebtSecuritiesMember2025-03-310000805676us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000805676us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310000805676us-gaap:CollateralizedLoanObligationsMember2024-12-310000805676us-gaap:CorporateDebtSecuritiesMember2024-12-310000805676prk:USGovernmentSponsoredAssetBackedSecuritiesAndUSTreasuryObligationsMember2025-03-310000805676us-gaap:CollateralPledgedMember2025-03-310000805676us-gaap:CollateralPledgedMember2024-12-310000805676us-gaap:EquitySecuritiesMember2025-01-012025-03-310000805676us-gaap:EquitySecuritiesMember2024-01-012024-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-12-310000805676us-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:BankOverdraftsMember2024-12-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:ConstructionRealEstateCommercialDomain2025-03-310000805676prk:ConstructionRealEstateCommercialDomain2024-12-310000805676prk:ConstructionRealEstateRetailMember2025-03-310000805676prk:ConstructionRealEstateRetailMember2024-12-310000805676prk:ResidentialRealEstateCommercialMember2025-03-310000805676prk:ResidentialRealEstateCommercialMember2024-12-310000805676prk:ResidentialRealEstateMortgageMember2025-03-310000805676prk:ResidentialRealEstateMortgageMember2024-12-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676prk:ResidentialRealEstateInstallmentMember2025-03-310000805676prk:ResidentialRealEstateInstallmentMember2024-12-310000805676prk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676prk:CheckLoansMember2025-03-310000805676prk:CheckLoansMember2024-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2024-12-3100008056762024-01-012024-12-310000805676prk:CommercialFinancialAndAgriculturalMember2025-03-310000805676prk:CommercialFinancialAndAgriculturalMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CommercialFinancialAndAgriculturalMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CheckLoansMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CommercialFinancialAndAgriculturalMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:BankOverdraftsMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateCommercialDomain2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateMortgageMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2024-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CheckLoansMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:RealEstateMember2025-03-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:BusinessAssetsMember2025-03-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:OtherCollateralMember2025-03-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:CollateralPledgedMember2025-03-310000805676us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676prk:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676prk:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:RealEstateMember2025-03-310000805676prk:ConstructionRealEstateCommercialDomainprk:BusinessAssetsMember2025-03-310000805676prk:ConstructionRealEstateCommercialDomainprk:OtherCollateralMember2025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:CollateralPledgedMember2025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:RealEstateMember2025-03-310000805676prk:ResidentialRealEstateCommercialMemberprk:BusinessAssetsMember2025-03-310000805676prk:ResidentialRealEstateCommercialMemberprk:OtherCollateralMember2025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:CollateralPledgedMember2025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:RealEstateMember2025-03-310000805676prk:ResidentialRealEstateMortgageMemberprk:BusinessAssetsMember2025-03-310000805676prk:ResidentialRealEstateMortgageMemberprk:OtherCollateralMember2025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:CollateralPledgedMember2025-03-310000805676us-gaap:RealEstateMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676prk:BusinessAssetsMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676prk:OtherCollateralMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:CollateralPledgedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:RealEstateMember2025-03-310000805676prk:BusinessAssetsMember2025-03-310000805676prk:OtherCollateralMember2025-03-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:RealEstateMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:BusinessAssetsMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:OtherCollateralMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:CollateralPledgedMember2024-12-310000805676us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:BusinessAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:RealEstateMember2024-12-310000805676prk:ConstructionRealEstateCommercialDomainprk:BusinessAssetsMember2024-12-310000805676prk:ConstructionRealEstateCommercialDomainprk:OtherCollateralMember2024-12-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:CollateralPledgedMember2024-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:RealEstateMember2024-12-310000805676prk:ResidentialRealEstateCommercialMemberprk:BusinessAssetsMember2024-12-310000805676prk:ResidentialRealEstateCommercialMemberprk:OtherCollateralMember2024-12-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:CollateralPledgedMember2024-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:RealEstateMember2024-12-310000805676prk:ResidentialRealEstateMortgageMemberprk:BusinessAssetsMember2024-12-310000805676prk:ResidentialRealEstateMortgageMemberprk:OtherCollateralMember2024-12-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:CollateralPledgedMember2024-12-310000805676us-gaap:RealEstateMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676prk:BusinessAssetsMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676prk:OtherCollateralMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676us-gaap:CollateralPledgedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676us-gaap:RealEstateMember2024-12-310000805676prk:BusinessAssetsMember2024-12-310000805676prk:OtherCollateralMember2024-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomain2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomain2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMember2024-01-012024-03-310000805676prk:CheckLoansMember2025-01-012025-03-310000805676prk:CheckLoansMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2024-01-012024-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:BankOverdraftsMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:CheckLoansMember2025-03-310000805676us-gaap:FinancialAssetPastDueMemberprk:CheckLoansMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:CheckLoansMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-03-310000805676us-gaap:FinancialAssetPastDueMember2025-03-310000805676us-gaap:FinancialAssetNotPastDueMember2025-03-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:BankOverdraftsMember2024-12-310000805676us-gaap:BankOverdraftsMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateCommercialDomain2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ConstructionRealEstateRetailMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ConstructionRealEstateRetailMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ConstructionRealEstateRetailMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConstructionRealEstateRetailMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateMortgageMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateMortgageMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateMortgageMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateMortgageMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ResidentialRealEstateInstallmentMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ResidentialRealEstateInstallmentMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ResidentialRealEstateInstallmentMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ResidentialRealEstateInstallmentMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMemberprk:CheckLoansMember2024-12-310000805676us-gaap:FinancialAssetPastDueMemberprk:CheckLoansMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberprk:CheckLoansMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676prk:FinancingReceivables30To89DaysPastDueMemberMember2024-12-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310000805676us-gaap:FinancialAssetPastDueMember2024-12-310000805676us-gaap:FinancialAssetNotPastDueMember2024-12-310000805676us-gaap:PassMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676prk:FiveRatedMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676prk:SixRatedMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676prk:ImpairedMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-01-012025-03-310000805676us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676prk:FiveRatedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676prk:SixRatedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676prk:ImpairedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:PassMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676prk:FiveRatedMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676prk:SixRatedMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676prk:ImpairedMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676us-gaap:PassMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676prk:FiveRatedMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676prk:SixRatedMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676prk:ImpairedMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:PassMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676prk:FiveRatedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676prk:SixRatedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676prk:ImpairedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2025-03-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:FiveRatedMember2025-03-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:SixRatedMember2025-03-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:ImpairedMember2025-03-310000805676us-gaap:CommercialPortfolioSegmentMember2025-03-310000805676us-gaap:CommercialPortfolioSegmentMember2025-01-012025-03-310000805676prk:CommercialFinancialAndAgriculturalMemberus-gaap:PassMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:FiveRatedMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:SixRatedMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMemberprk:ImpairedMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMember2024-01-012024-12-310000805676us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:FiveRatedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:SixRatedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676prk:ImpairedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-12-310000805676us-gaap:PassMemberprk:ConstructionRealEstateCommercialDomain2024-12-310000805676prk:FiveRatedMemberprk:ConstructionRealEstateCommercialDomain2024-12-310000805676prk:SixRatedMemberprk:ConstructionRealEstateCommercialDomain2024-12-310000805676prk:ImpairedMemberprk:ConstructionRealEstateCommercialDomain2024-12-310000805676prk:ConstructionRealEstateCommercialDomain2024-01-012024-12-310000805676us-gaap:PassMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676prk:FiveRatedMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676prk:SixRatedMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676prk:ImpairedMemberprk:ResidentialRealEstateCommercialMember2024-12-310000805676prk:ResidentialRealEstateCommercialMember2024-01-012024-12-310000805676us-gaap:PassMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676prk:FiveRatedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676prk:SixRatedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676prk:ImpairedMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2024-01-012024-12-310000805676us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2024-12-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:FiveRatedMember2024-12-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:SixRatedMember2024-12-310000805676us-gaap:CommercialPortfolioSegmentMemberprk:ImpairedMember2024-12-310000805676us-gaap:CommercialPortfolioSegmentMember2024-12-310000805676us-gaap:CommercialPortfolioSegmentMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:CheckLoansMember2025-03-310000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2025-03-310000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2025-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2025-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-03-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:BankOverdraftsMember2024-12-310000805676us-gaap:BankOverdraftsMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConstructionRealEstateRetailMember2024-12-310000805676prk:ConstructionRealEstateRetailMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateMortgageMember2024-12-310000805676prk:ResidentialRealEstateMortgageMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-12-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ResidentialRealEstateInstallmentMember2024-12-310000805676prk:ResidentialRealEstateInstallmentMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConsumerLessGFSCAndCheckLoansMember2024-12-310000805676prk:ConsumerLessGFSCAndCheckLoansMember2024-01-012024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:CheckLoansMember2024-12-310000805676prk:CheckLoansMember2024-01-012024-12-310000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000805676us-gaap:ConsumerPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2024-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-12-310000805676us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2025-03-310000805676us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2024-12-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberprk:ModificationOtherMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMemberprk:ModificationOtherMember2025-01-012025-03-310000805676us-gaap:BankOverdraftsMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ConstructionRealEstateCommercialDomainprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ConstructionRealEstateRetailMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateCommercialMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateMortgageMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ResidentialRealEstateInstallmentMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberprk:ModificationOtherMember2025-01-012025-03-310000805676prk:CheckLoansMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676prk:CheckLoansMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676prk:CheckLoansMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676prk:CheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676prk:CheckLoansMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:CheckLoansMemberprk:ModificationOtherMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PaymentDeferralMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberprk:ModificationOtherMember2025-01-012025-03-310000805676us-gaap:PrincipalForgivenessMember2025-01-012025-03-310000805676us-gaap:PaymentDeferralMember2025-01-012025-03-310000805676us-gaap:ExtendedMaturityMember2025-01-012025-03-310000805676us-gaap:InterestRateBelowMarketReductionMember2025-01-012025-03-310000805676us-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-03-310000805676prk:ModificationOtherMember2025-01-012025-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMemberprk:ModificationOtherMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMemberprk:ModificationOtherMember2024-01-012024-03-310000805676us-gaap:BankOverdraftsMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomainus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ConstructionRealEstateCommercialDomainprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ConstructionRealEstateRetailMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateCommercialMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateMortgageMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateHomeEquityLineOfCreditMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ResidentialRealEstateInstallmentMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ConsumerLessGFSCAndCheckLoansMemberprk:ModificationOtherMember2024-01-012024-03-310000805676prk:CheckLoansMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676prk:CheckLoansMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676prk:CheckLoansMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676prk:CheckLoansMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676prk:CheckLoansMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:CheckLoansMemberprk:ModificationOtherMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMemberprk:ModificationOtherMember2024-01-012024-03-310000805676us-gaap:PrincipalForgivenessMember2024-01-012024-03-310000805676us-gaap:PaymentDeferralMember2024-01-012024-03-310000805676us-gaap:ExtendedMaturityMember2024-01-012024-03-310000805676us-gaap:InterestRateBelowMarketReductionMember2024-01-012024-03-310000805676us-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-310000805676prk:ModificationOtherMember2024-01-012024-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:BankOverdraftsMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ConstructionRealEstateCommercialDomain2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:ConstructionRealEstateRetailMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ResidentialRealEstateCommercialMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ResidentialRealEstateMortgageMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ResidentialRealEstateHomeEquityLineOfCreditMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ResidentialRealEstateInstallmentMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:ConsumerLessGFSCAndCheckLoansMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:CheckLoansMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:CheckLoansMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberprk:CheckLoansMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMember2025-03-310000805676us-gaap:FinancingReceivables60To89DaysPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-03-310000805676us-gaap:FinancingReceivables30To59DaysPastDueMemberprk:CommercialFinancialAgriculturalLessPPPAndOverdraftsMember2024-03-310000805676us-gaap:CatastropheMember2025-03-310000805676us-gaap:CatastropheMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMember2024-12-310000805676prk:ConstructionRealEstateMember2024-12-310000805676us-gaap:ResidentialPortfolioSegmentMember2024-12-310000805676prk:CommercialFinancialAndAgriculturalMember2025-01-012025-03-310000805676prk:ConstructionRealEstateMember2025-01-012025-03-310000805676us-gaap:ResidentialPortfolioSegmentMember2025-01-012025-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-03-310000805676prk:CommercialFinancialAndAgriculturalMember2025-03-310000805676prk:ConstructionRealEstateMember2025-03-310000805676us-gaap:ResidentialPortfolioSegmentMember2025-03-310000805676prk:CommercialFinancialAndAgriculturalMember2023-12-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000805676prk:ConstructionRealEstateMember2023-12-310000805676us-gaap:ResidentialPortfolioSegmentMember2023-12-310000805676us-gaap:ConsumerPortfolioSegmentMember2023-12-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2023-12-310000805676prk:CommercialFinancialAndAgriculturalMember2024-01-012024-03-310000805676prk:ConstructionRealEstateMember2024-01-012024-03-310000805676us-gaap:ResidentialPortfolioSegmentMember2024-01-012024-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-03-310000805676prk:CommercialFinancialAndAgriculturalMember2024-03-310000805676us-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000805676prk:ConstructionRealEstateMember2024-03-310000805676us-gaap:ResidentialPortfolioSegmentMember2024-03-310000805676us-gaap:ConsumerPortfolioSegmentMember2024-03-310000805676us-gaap:FinanceLeasesPortfolioSegmentMember2024-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CommercialFinancialAndAgriculturalMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:CommercialFinancialAndAgriculturalMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConstructionRealEstateMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:FinanceLeasesPortfolioSegmentMember2025-03-310000805676us-gaap:PerformingFinancingReceivableMember2025-03-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:CommercialFinancialAndAgriculturalMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberprk:ConstructionRealEstateMember2024-12-310000805676us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:CommercialFinancialAndAgriculturalMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMemberprk:ConstructionRealEstateMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMemberus-gaap:FinanceLeasesPortfolioSegmentMember2024-12-310000805676us-gaap:PerformingFinancingReceivableMember2024-12-310000805676us-gaap:RealEstateLoanMember2025-03-310000805676us-gaap:RealEstateLoanMember2024-12-310000805676us-gaap:CoreDepositsMember2025-03-310000805676us-gaap:CoreDepositsMember2024-12-310000805676us-gaap:OtherInvesteesMember2025-03-310000805676us-gaap:OtherInvesteesMember2024-12-310000805676us-gaap:CommercialRealEstateMember2025-03-310000805676us-gaap:CommercialRealEstateMember2024-12-310000805676us-gaap:ResidentialRealEstateMember2025-03-310000805676us-gaap:ResidentialRealEstateMember2024-12-310000805676us-gaap:OtherAssetsMember2025-03-310000805676us-gaap:OtherLiabilitiesMember2025-03-310000805676us-gaap:OtherAssetsMember2024-12-310000805676us-gaap:OtherLiabilitiesMember2024-12-310000805676us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2025-03-310000805676us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2024-12-310000805676us-gaap:MaturityOvernightMember2025-03-310000805676us-gaap:MaturityUpTo30DaysMember2025-03-310000805676us-gaap:Maturity30To90DaysMember2025-03-310000805676us-gaap:MaturityOver90DaysMember2025-03-310000805676us-gaap:MaturityOvernightMember2024-12-310000805676us-gaap:MaturityUpTo30DaysMember2024-12-310000805676us-gaap:Maturity30To90DaysMember2024-12-310000805676us-gaap:MaturityOver90DaysMember2024-12-310000805676prk:LoanDerivativeMember2025-03-310000805676prk:LoanDerivativeMember2024-12-310000805676prk:LoanDerivativeMember2025-01-012025-03-310000805676prk:LoanDerivativeMember2024-01-012024-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMember2025-03-310000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMember2024-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2025-03-310000805676us-gaap:IndividuallyImmaterialCounterpartiesMemberprk:LoanDerivativeMember2025-03-310000805676prk:LoanDerivativeMemberus-gaap:OtherAssetsMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2024-12-310000805676us-gaap:IndividuallyImmaterialCounterpartiesMemberprk:LoanDerivativeMember2024-12-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2025-03-310000805676us-gaap:InterestRateSwapMember2025-03-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2024-12-310000805676us-gaap:InterestRateSwapMember2024-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMember2025-03-310000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMember2024-12-310000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2025-03-310000805676prk:LoanDerivativeMemberus-gaap:OtherLiabilitiesMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2024-12-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2025-03-310000805676us-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2024-12-310000805676prk:InterestRateLockCommitmentMember2025-03-310000805676prk:InterestRateLockCommitmentMember2024-12-310000805676us-gaap:SwapMember2025-03-310000805676us-gaap:SwapMember2024-12-310000805676us-gaap:PerformanceSharesMemberus-gaap:CommonStockMember2025-01-012025-03-310000805676us-gaap:PerformanceSharesMemberus-gaap:CommonStockMember2024-01-012024-03-310000805676prk:A2017EmployeesLongTermIncentivePlanMember2025-03-310000805676prk:A2017NonEmployeeDirectorsLTIPMember2025-03-310000805676prk:A2017EmployeesLongTermIncentivePlanMemberus-gaap:PerformanceSharesMember2025-01-012025-03-310000805676prk:A2017EmployeesLongTermIncentivePlanMemberus-gaap:PerformanceSharesMember2024-01-012024-03-310000805676prk:A2017EmployeesLongTermIncentivePlanMember2024-01-012024-03-310000805676prk:A2017EmployeesLongTermIncentivePlanMember2025-01-012025-03-310000805676prk:Year1Member2025-03-310000805676prk:Year2Member2025-03-310000805676prk:Year3Member2025-03-310000805676prk:Year4Member2025-03-310000805676prk:Year5Member2025-03-310000805676us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2025-01-012025-03-310000805676us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2024-01-012024-03-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000805676us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676prk:USGovernmentSponsoredEntitiesAssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-12-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-12-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-03-310000805676us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-03-310000805676us-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialRealEstateMember2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMember2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMember2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialRealEstateMember2024-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMember2024-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMember2024-12-310000805676us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676prk:CommercialReceivablesExcludingCommercialFinancialAndAgriculturalDomain2025-03-310000805676prk:FinancingReceivableNotCollateralDependentDomain2025-03-310000805676prk:CommercialReceivablesExcludingCommercialFinancialAndAgriculturalDomain2024-12-310000805676prk:FinancingReceivableNotCollateralDependentDomain2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialRealEstateMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialRealEstateMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:MeasurementInputCapRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CostApproachValuationTechniqueMembersrt:MinimumMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CostApproachValuationTechniqueMembersrt:MinimumMember2024-12-310000805676us-gaap:RealEstateOtherMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMember2024-12-310000805676us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-03-310000805676us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2024-12-310000805676us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-03-310000805676us-gaap:FairValueInputsLevel1Member2025-03-310000805676us-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2025-03-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:EquitySecuritiesMember2025-03-310000805676us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel1Member2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel2Member2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:LoansReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000805676us-gaap:SwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2025-03-310000805676us-gaap:SwapMemberus-gaap:FairValueInputsLevel3Member2025-03-310000805676us-gaap:LoansReceivableMember2025-03-310000805676us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310000805676us-gaap:FairValueInputsLevel1Member2024-12-310000805676us-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2024-12-310000805676us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:EquitySecuritiesMember2024-12-310000805676us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel1Member2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel2Member2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:LoansReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000805676us-gaap:SwapMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310000805676us-gaap:SwapMemberus-gaap:FairValueInputsLevel3Member2024-12-310000805676us-gaap:LoansReceivableMember2024-12-310000805676us-gaap:ReportableSubsegmentsMember2025-03-310000805676us-gaap:ReportableSubsegmentsMember2024-03-310000805676us-gaap:IntersubsegmentEliminationsMember2025-03-310000805676us-gaap:IntersubsegmentEliminationsMember2024-03-310000805676prk:WithinScopeDomain2025-01-012025-03-310000805676prk:WithinScopeDomain2024-01-012024-03-310000805676prk:OutofScopeDomain2025-01-012025-03-310000805676prk:OutofScopeDomain2024-01-012024-03-31

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

For the quarterly period ended March 31, 2025

For the transition period from ______________________ to __________________________

  

Commission File Number			1-13006

 

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.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common shares, without par value			PRK			NYSE 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.

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).

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 filer			☒			Accelerated filer			☐
Non-accelerated filer			☐			Smaller 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   ☒

At May 1, 2025 the number of common shares, without par value, of the registrant issued and outstanding was 16,191,347.

 

CONTENTS

			Page
Glossary of Abbreviations and Acronyms			4
Cautionary Note Regarding Forward-Looking Statements			4
PART I.   FINANCIAL INFORMATION
Item 1.  Financial Statements
Consolidated Condensed Balance Sheets at March 31, 2025 and December 31, 2024 (unaudited)			6
Consolidated Condensed Statements of Income for the three months ended March 31, 2025 and 2024 (unaudited)			8
Consolidated Condensed Statements of Comprehensive Income for the three months ended March 31, 2025 and 2024 (unaudited)			10
Consolidated Condensed Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2025 and 2024 (unaudited)			11
Consolidated Condensed Statements of Cash Flows for the three months ended March 31, 2025 and 2024 (unaudited)			12
Notes to Unaudited Consolidated Condensed Financial Statements			14
Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations			66
Item 3.  Quantitative and Qualitative Disclosures About Market Risk			87
Item 4.  Controls and Procedures			87
PART II.  OTHER INFORMATION			88
Item 1.  Legal Proceedings			88
Item 1A. Risk Factors			88
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds			88
Item 3.  Defaults Upon Senior Securities			89
Item 4.  Mine Safety Disclosures			89
Item 5.  Other Information			89
Item 6.  Exhibits			89
SIGNATURES			91

References in this Form 10-Q to "we," "our," "us," "Company," "Corporation," or "Park" are collectively to Park National Corporation and its subsidiaries. In addition, 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.

This Quarterly Report on Form 10-Q contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.

Risks and uncertainties that could cause actual results to differ include, without limitation: (1) the ability to execute our business plan successfully and manage strategic initiatives; (2) the impact of current and future economic and financial market conditions, including unemployment rates, inflation, interest rates, supply-demand imbalances, and geopolitical matters; (3) factors impacting the performance of our loan portfolio, including real estate values, financial health of borrowers, and loan concentrations; (4) the effects of monetary and fiscal policies, including interest rates, money supply, and inflation; (5) changes in federal, state, or local tax laws; (6) the impact of changes in governmental policy and regulatory requirements on our operations; (7) changes in consumer spending, borrowing, and saving habits; (8) changes in the performance and creditworthiness of customers, suppliers, and counterparties; (9) increased credit risk and higher credit losses due to loan concentrations; (10) volatility in mortgage banking income due to interest rates and demand; (11) adequacy of our internal controls and risk management programs; (12) competitive pressures among financial services organizations; (13) uncertainty regarding changes in banking regulations and other regulatory requirements; (14) our ability to meet heightened supervisory requirements and expectations; (15) the impact of changes in accounting policies and practices on our financial condition; (16) the reliability and accuracy of assumptions and estimates used in applying critical accounting estimates; (17) the potential for higher future credit losses due to changes in economic assumptions; (18) the ability to anticipate and respond to technological changes and our reliance on third-party vendors; (19) operational issues related to and capital spending necessitated by the implementation of information technology systems on which we are highly dependent; (20) the ability to secure confidential information and deliver products and services through computer systems and telecommunications networks; (21) the impact of security breaches or failures in operational systems; (22) the impact of geopolitical instability and trade policies on our operations including the imposition of tariffs and retaliatory tariffs; (23) the impact of changes in credit ratings of government debt and financial stability of sovereign governments; (24) the effect of stock market price fluctuations on our asset and wealth management businesses; (25) litigation and regulatory compliance exposure; (26) availability of earnings and excess capital for dividend declarations; (27) the impact of fraud, scams, and schemes on our business; (28) the impact of natural disasters, pandemics, and other emergencies on our operations; (29) potential deterioration of the economy due to financial, political, or other shocks; (30) impact of healthcare laws and potential changes on our costs and operations; (31) the ability to grow deposits and maintain adequate deposit levels, including by mitigating the effect of unexpected deposit outflows on our financial condition; and (32) other risk factors related to the banking industry.

Forward-looking statements should be construed in the light of such risks. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements. Any forward looking statement in this Form 10-Q are based on current information as of the date of this Form 10-Q, and Park does not undertake, and specifically disclaims any obligation, to publicly release the results of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances whether as a result of new information, future developments or otherwise, or reflect the occurrence of unanticipated events, except to the extent required by law.

PART I. FINANCIAL INFORMATION

Item 1.      Financial Statements

                

			March 31, 2025						December 31, 2024
Assets:
Cash and due from banks			$	154,536					$	122,363
Money market instruments			83,078						38,203
Cash and cash equivalents			237,614						160,566
Investment securities:
Debt securities available-for-sale, at fair value (amortized cost of $1,003,318 and $1,076,281 at March 31, 2025 and December 31, 2024, respectively, and no allowance for credit losses at March 31, 2025 or at December 31, 2024)			938,239						996,624
Other investment securities			103,924						104,237
Total investment securities			1,042,163						1,100,861
Loans			7,883,735						7,817,128
Allowance for credit losses			(88,130)						(87,966)
Net loans			7,795,605						7,729,162
Bank owned life insurance			240,652						236,872
Prepaid assets			192,451						190,119
Goodwill			159,595						159,595
Other intangible assets			3,163						3,437
Premises and equipment, net			66,327						69,522
Affordable housing tax credit investments			63,802						66,077
OREO			119						938
Accrued interest receivable			34,752						36,280
Operating lease ROU asset			16,334						15,745
Mortgage loan servicing rights			13,760						13,918
Other			20,275						22,258
Total assets			$	9,886,612					$	9,805,350

			March 31, 2025						December 31, 2024
Liabilities and Shareholders' Equity:
Deposits:
Non-interest bearing			$	2,637,577					$	2,612,708
Interest bearing			5,564,118						5,530,818
Total deposits			8,201,695						8,143,526
Short-term borrowings			80,977						90,432
Subordinated notes			189,780						189,651
Unfunded commitments in affordable housing tax credit investments			24,909						29,677
Operating lease liability			17,660						16,505
Allowance for credit losses on off-balance sheet commitments			5,390						5,865
Accrued interest payable			5,815						7,859
Unsettled investment commitments			12,001						—
Other			69,343						77,987
Total liabilities			$	8,607,570					$	8,561,502
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 March 31, 2025 and at December 31, 2024)			459,529						463,706
Retained earnings			1,002,110						977,599
Treasury shares (1,431,757 common shares at March 31, 2025 and 1,464,122 common shares at December 31, 2024)			(147,938)						(151,282)
Accumulated other comprehensive loss, net of taxes			(34,659)						(46,175)
Total shareholders' equity			1,279,042						1,243,848
Total liabilities and shareholders’ equity			$	9,886,612					$	9,805,350