PARK NATIONAL CORPORATION PRK Income Statement

Park national corporation (PRK)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest and dividend income:
Interest and fees on loans
321,385	271,145	248,687	241,979	227,979	227,644	225,538	234,638	262,458	267,692	275,599	301,163
Interest and Dividend Income, Securities, by Classification [Abstract]
Interest and dividends on:
Obligations of U.S. Government, its agencies and other securities
26,213	29,479	27,440	30,627	36,025	36,981	36,686	50,549	68,873	76,839	90,558	87,711
Interest Income, Securities, State and Municipal
8,955	8,770	7,210	2,632	182	3	45	140	371	786	1,417	2,171
Other interest income
3,947	1,407	3,087	1,020	888	515	678	408	178	200	116	294
Total interest and dividend income
360,500	310,801	286,424	276,258	265,074	265,143	262,947	285,735	331,880	345,517	367,690	391,339
Interest on deposits:
Demand and savings deposits
33,348	19,815	9,464	4,079	2,229	1,677	1,773	2,483	3,812	5,753	10,815	22,633
Time deposits
17,494	12,375	9,629	9,337	10,125	9,323	11,235	15,921	23,842	36,212	53,805	67,259
Interest on borrowings:
Short-term borrowings
2,476	1,600	992	456	469	517	544	678	823	1,181	3,209	14,469
Long-term debt
9,445	10,113	22,580	24,300	24,619	28,582	28,370	31,338	30,169	28,327	26,370	31,105
Total interest expense
62,763	43,903	42,665	38,172	37,442	40,099	41,922	50,420	58,646	71,473	94,199	135,466
Net interest income
297,737	266,898	243,759	238,086	227,632	225,044	221,025	235,315	273,234	274,044	273,491	255,873
Provision for loan losses
6,171	7,945	8,557	-5,101	4,990	-7,333	3,415	35,419	63,272	87,080	68,821	70,487
Net interest income after provision for loan losses
291,566	258,953	235,202	243,187	222,642	232,377	217,610	199,896	209,962	186,964	204,670	185,386
Noninterest Income [Abstract]
Gain on sale of investment securities
-	-	-	-	88	-1,158	0	0	28,829	11,864	7,340	1,115
Debit card fee income
20,250	17,317	15,798	-	14,561	13,570	12,955	12,541	12,496	11,177	9,339	8,695
Bank owned life insurance income
4,557	6,815	4,858	4,338	5,783	4,861	5,041	4,754	5,089	4,978	5,050	5,102
ATM Fees
1,828	1,978	2,253	2,268	2,428	2,467	2,632	2,359	2,703	2,951	3,082	3,063
OREO devaluations
225	491	458	601	1,592	2,406	3,180	6,872	8,219	13,206	6,818	2,948
Gains (Losses) on Sales of Other Real Estate
-222	4,235	251	1,323	1,604	5,503	3,110	4,414	1,312	1,466	-	-
Gain (Loss) on Sale of Investments
-421	-2,271	1,821	-	-	-	-	-	-	-	-	-
Net (loss) gain on the sale of investment securities
-	-	-	0	-	-	-	-	-	-	-	-
Loss (gain) on equity securities, net
5,118	4,616	1,210	0	-	-	-	-	-	-	-	-
Other components of net periodic benefit income
4,732	6,820	5,794	5,308	-	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
0	2,826	0	0	756	1,867	0	0	-	-	-	-
Gain on sale of Vision Bank business
-	-	-	-	-	-	-	22,167	0	0	-	-
Net gain on sale of credit card portfolio
-	-	-	-	-	-	-	-	-	-	-	7,618
Income from sale of merchant processing
-	-	-	-	-	-	-	-	-	-	-	4,200
Other
7,500	7,200	5,400	6,268	7,539	5,813	6,357	6,758	8,822	8,243	9,977	10,874
Total other income
97,193	101,101	86,429	84,039	77,551	75,549	73,277	92,403	94,910	74,880	81,190	84,834
Other expense:
Salaries and employee benefits
119,514	103,755	92,177	87,034	86,189	81,977	80,985	95,977	102,068	98,315	101,225	99,018
Employee Benefits and Share-based Compensation
36,806	30,289	24,937	24,174	21,296	19,991	19,313	-	-	-	-	-
Occupancy expense
12,815	11,251	10,201	10,239	9,686	10,006	9,804	9,444	11,295	11,510	11,552	11,534
Furniture and equipment expense
17,032	16,139	15,324	13,766	11,806	11,571	11,249	10,788	10,773	10,435	9,734	9,756
Goodwill impairment charge
-	-	-	-	-	-	-	-	-	-	-	54,986
Data processing fees
10,750	8,477	7,250	5,608	5,037	4,712	4,174	3,916	4,965	5,728	5,674	7,121
Professional fees and services
33,317	28,894	24,833	27,181	23,452	29,580	27,865	24,267	21,119	19,972	15,935	12,801
Marketing
5,753	5,144	4,374	4,523	3,983	4,371	3,790	3,474	2,967	3,656	3,775	4,525
Insurance
3,130	5,289	6,354	5,825	5,629	5,723	5,205	5,780	6,821	8,983	12,072	2,322
Communication
5,351	4,981	4,826	4,985	5,130	5,268	5,790	5,983	6,060	6,648	6,903	7,167
Excise and Sales Taxes
3,829	3,813	3,583	3,560	3,566	2,290	3,702	3,786	1,544	3,171	-	-
Amortization of Intangible Assets
2,355	578	0	0	-	-	-	2,172	3,534	3,422	3,746	4,025
Loan put provision
-	-	-	-	-	-	-	3,299	0	0	-	-
OREO expense
-	-	-	-	-	2,063	2,731	4,011	3,266	3,358	-	-
Prepayment penalty on long-term debt
-	-	-	5,554	532	0	-	-	-	-	-	-
Affordable Housing Program Assessments
-	-	-	-	-	-	-	6,841	-	-	-	-
State taxes
-	-	-	-	-	-	-	-	-	-	3,206	2,989
Other expense
13,336	10,145	9,303	11,882	10,308	9,958	6,907	8,230	13,905	11,909	14,903	18,257
Total other expense
263,988	228,755	203,162	204,331	186,614	187,510	181,515	187,968	188,317	187,107	188,725	234,501
Income before income taxes
124,771	131,299	118,469	122,895	113,579	120,416	109,372	104,331	116,555	74,737	97,135	35,719
State income taxes (benefit)
-	-	-	-	-	-	-	-	6,088	-1,161	-2,461	-
Income taxes
22,071	20,912	34,227	36,760	32,567	36,459	32,503	25,701	28,327	17,797	25,404	22,011
Net income
102,700	110,387	84,242	86,135	81,012	83,957	76,869	78,630	82,140	58,101	74,192	13,708
Preferred share dividends and accretion
-	-	-	-	-	-	-	3,425	5,856	5,807	5,762	142
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-	-	-	-	-	75,205	76,284	52,294	68,430	13,566
Per Common Share:
Net income available to common shareholders
Basic
6.33	7.13	5.51	5.62	5.27	5.45	4.99	4.88	4.95	3.45	4.82	0.97
Diluted
6.29	7.07	5.47	5.59	5.26	5.45	4.99	4.88	4.95	3.45	4.82	0.97
Debit Card [Member]
Revenue from Contract with Customer, Including Assessed Tax
-	-	-	15,057	-	-	-	-	-	-	-	-
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax
27,768	26,293	23,735	21,400	20,195	19,150	17,133	15,947	14,965	13,874	12,468	13,937
Deposit Account [Member]
Revenue from Contract with Customer, Including Assessed Tax
10,835	11,461	12,653	14,259	14,751	15,423	16,316	16,704	18,307	19,717	21,985	24,296
Bank Servicing [Member]
Revenue from Contract with Customer, Including Assessed Tax
15,500	14,266	13,162	14,419	11,438	10,459	12,913	13,631	10,606	13,816	18,767	8,882
Noninterest Income, Other
15,500	14,300	13,200	14,400	-	-	-	-	-	-	-	-