The Park National Bank Mortgage Rates, Fees & Info

Newark, OH

LEI: 549300CEHN5CVC6INV48

Tax ID: 31-1198067

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Mortgage Data

Bank Data

Review & Overview

The Park National Bank is a small bank specializing in Refi, Home Purchase, and Cash Out Refi loans. The Park National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Cincinnati, Zanesville, Mount Vernon, and Greenville among others. We have data for 131 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Park National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Park National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.14% 3/28/24
30 Year Conventional Purchase 6.98% 3/28/24
30 Year Conventional Refi 7.09% 3/28/24
30 Year Cash-out Refi 6.76% 3/28/24
30 Year FHA Purchase 7.80% 3/28/24
30 Year VA Purchase 6.23% 3/28/24
30 Year VA Refi 6.06% 3/28/24
30 Year USDA Purchase 6.64% 3/28/24
15 Year Conventional Purchase 6.30% 3/28/24
15 Year Conventional Refi 6.58% 3/28/24
15 Year Cash-out Refi 6.58% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Park National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Park National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

9,015

Origination Dollar Volume (All Markets)

$1,615,275,000

Employee count

1,738 Show all (33) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
COLUMBUS, OH (FHA|USDA|VA) 2,601 $493,725,000 $189,821 $2,657 2.99%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 566 $129,270,000 $228,392 $2,391 3.15%
Zanesville, OH (FHA|USDA|VA) 827 $114,595,000 $138,567 $2,546 3.07%
Mount Vernon, OH (FHA|USDA|VA) 710 $105,190,000 $148,155 $2,590 3.09%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 449 $96,715,000 $215,401 $2,766 3.00%
MANSFIELD, OH (FHA|USDA|VA) 597 $76,335,000 $127,864 $2,561 2.96%
DAYTON-KETTERING, OH (FHA|USDA|VA) 375 $59,715,000 $159,240 $2,849 2.99%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 125 $59,505,000 $476,040 $3,519 3.12%
ASHEVILLE, NC (FHA|USDA|VA) 175 $55,205,000 $315,457 $3,267 3.01%
SPARTANBURG, SC (FHA|USDA|VA) 173 $54,275,000 $313,728 $3,238 3.13%
SPRINGFIELD, OH (FHA|USDA|VA) 310 $37,530,000 $121,065 $2,752 3.19%
Greenville, OH (FHA|USDA|VA) 281 $35,075,000 $124,822 $2,363 2.97%
Outside of Metro Areas 227 $34,475,000 $151,872 $2,924 3.20%
Coshocton, OH (FHA|USDA|VA) 263 $29,855,000 $113,517 $2,581 3.27%
Ashland, OH (FHA|USDA|VA) 180 $23,490,000 $130,500 $2,618 3.03%
Cambridge, OH (FHA|USDA|VA) 125 $17,965,000 $143,720 $2,651 3.20%
Wooster, OH (FHA|USDA|VA) 95 $15,715,000 $165,421 $2,697 2.91%
Celina, OH (FHA|USDA|VA) 84 $13,210,000 $157,262 $2,582 2.87%
New Philadelphia-Dover, OH (FHA|USDA|VA) 75 $12,135,000 $161,800 $2,659 3.17%
Bucyrus-Galion, OH (FHA|USDA|VA) 117 $12,095,000 $103,376 $2,471 2.84%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 51 $11,565,000 $226,765 $3,011 2.92%
Athens, OH (FHA|USDA|VA) 62 $10,050,000 $162,097 $3,144 3.24%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 17 $7,865,000 $462,647 $3,551 3.19%
Sidney, OH (FHA|USDA|VA) 45 $7,115,000 $158,111 $2,759 3.01%
CANTON-MASSILLON, OH (FHA|USDA|VA) 40 $6,680,000 $167,000 $3,079 3.37%
Urbana, OH (FHA|USDA|VA) 54 $6,410,000 $118,704 $2,892 3.28%
LOUISVILLE, KY (FHA|USDA|VA) 16 $4,920,000 $307,500 $2,332 3.09%
Marion, OH (FHA|USDA|VA) 42 $4,910,000 $116,905 $2,453 3.09%
AKRON, OH (FHA|USDA|VA) 25 $4,255,000 $170,200 $2,908 3.35%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $3,755,000 $288,846 $4,342 3.04%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 11 $3,685,000 $335,000 $3,856 2.98%
Norwalk, OH (FHA|USDA|VA) 19 $3,235,000 $170,263 $2,909 3.28%
Seneca, SC (FHA|USDA|VA) 13 $3,065,000 $235,769 $2,694 2.97%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 11 $2,795,000 $254,091 $3,027 2.75%
TOLEDO, OH (FHA|USDA|VA) 13 $2,645,000 $203,462 $2,864 3.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,545,000 $363,571 $4,538 3.11%
Bellefontaine, OH (FHA|USDA|VA) 14 $2,440,000 $174,286 $3,039 2.67%
Key West, FL (FHA|USDA|VA) 3 $2,175,000 $725,000 $6,568 2.92%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $2,055,000 $293,571 $3,361 2.84%
Marion, NC (FHA|USDA|VA) 5 $1,785,000 $357,000 $3,223 3.46%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,555,000 $311,000 $2,799 2.75%
Wapakoneta, OH (FHA|USDA|VA) 9 $1,495,000 $166,111 $2,349 2.71%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $1,490,000 $745,000 $3,747 3.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,751 3.12%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,310,000 $327,500 $3,477 2.59%
Cullowhee, NC (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,089 3.34%
Sandusky, OH (FHA|USDA|VA) 4 $1,140,000 $285,000 $3,342 2.31%
BAY CITY, MI (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 4.22%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,005,000 $201,000 $3,207 3.08%
PUNTA GORDA, FL (FHA|USDA|VA) 5 $975,000 $195,000 $3,666 2.45%
Georgetown, SC (FHA|USDA|VA) 4 $960,000 $240,000 $2,966 2.75%
Angola, IN (FHA|USDA|VA) 3 $945,000 $315,000 $2,228 2.83%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $930,000 $465,000 $5,192 2.56%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $925,000 $925,000 $0 3.94%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $860,000 $430,000 $2,848 2.81%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $860,000 $430,000 $3,339 2.56%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $830,000 $207,500 $2,645 2.59%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $800,000 $400,000 $3,742 2.56%
Brevard, NC (FHA|USDA|VA) 2 $760,000 $380,000 $3,631 2.94%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $740,000 $370,000 $2,536 2.50%
Findlay, OH (FHA|USDA|VA) 4 $690,000 $172,500 $3,090 3.22%
Washington Court House, OH (FHA|USDA|VA) 5 $685,000 $137,000 $2,627 2.75%
Forest City, NC (FHA|USDA|VA) 2 $680,000 $340,000 $3,937 3.25%
Marietta, OH (FHA|USDA|VA) 5 $665,000 $133,000 $3,203 2.70%
Salem, OH (FHA|USDA|VA) 3 $655,000 $218,333 $3,041 3.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $625,000 $625,000 $3,941 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $600,000 $300,000 $2,933 2.75%
COLUMBIA, SC (FHA|USDA|VA) 2 $590,000 $295,000 $3,327 2.94%
Coldwater, MI (FHA|USDA|VA) 1 $545,000 $545,000 $0 4.20%
Wilmington, OH (FHA|USDA|VA) 4 $530,000 $132,500 $2,736 2.34%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $520,000 $260,000 $2,807 2.06%
Glenwood Springs, CO (FHA|USDA|VA) 1 $515,000 $515,000 $4,284 2.50%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $3,285 2.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $515,000 $515,000 $6,106 2.75%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $505,000 $505,000 $3,261 3.88%
Tiffin, OH (FHA|USDA|VA) 4 $500,000 $125,000 $2,832 2.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $495,000 $495,000 $3,185 2.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $480,000 $120,000 $3,007 3.56%
Fremont, OH (FHA|USDA|VA) 3 $475,000 $158,333 $2,694 3.29%
THE VILLAGES, FL (FHA|USDA|VA) 2 $450,000 $225,000 $2,213 2.69%
WHEELING, WV-OH (FHA|USDA|VA) 3 $425,000 $141,667 $3,013 3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $425,000 $425,000 $2,395 2.63%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $420,000 $210,000 $2,326 3.08%
Sevierville, TN (FHA|USDA|VA) 1 $415,000 $415,000 $3,380 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $405,000 $135,000 $3,049 2.92%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $395,000 $131,667 $2,942 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $390,000 $195,000 $2,812 2.44%
Morehead City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.65%
OCALA, FL (FHA|USDA|VA) 3 $375,000 $125,000 $2,735 3.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $365,000 $365,000 $2,577 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,219 2.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,087 2.81%
Traverse City, MI (FHA|USDA|VA) 1 $335,000 $335,000 $2,822 2.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,757 2.38%
PANAMA CITY, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,270 2.75%
PITTSBURGH, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,072 2.63%
Chillicothe, OH (FHA|USDA|VA) 5 $305,000 $61,000 $2,240 3.28%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,575 2.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $290,000 $145,000 $2,491 2.56%
MISSOULA, MT (FHA|USDA|VA) 1 $285,000 $285,000 $3,360 2.63%
Decatur, IN (FHA|USDA|VA) 2 $280,000 $140,000 $2,006 3.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $280,000 $140,000 $1,654 2.38%
LIMA, OH (FHA|USDA|VA) 4 $270,000 $67,500 $2,202 3.31%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $260,000 $130,000 $2,544 3.63%
Point Pleasant, WV-OH (FHA|USDA|VA) 2 $250,000 $125,000 $2,819 2.75%
Ellensburg, WA (FHA|USDA|VA) 1 $215,000 $215,000 $2,779 3.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,792 2.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $2,875 2.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $195,000 $195,000 $2,802 2.50%
TUCSON, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $3,432 2.13%
BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.21%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,422 2.88%
GREENVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,471 3.63%
FLINT, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,288 2.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,457 2.13%
Boone, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,579 3.38%
KOKOMO, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,403 2.63%
London, KY (FHA|USDA|VA) 1 $145,000 $145,000 $2,742 2.38%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $145,000 $145,000 $3,297 2.88%
Mount Sterling, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,507 3.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,112 2.38%
RICHMOND, VA (FHA|USDA|VA) 1 $105,000 $105,000 $2,647 2.00%
Portsmouth, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
Defiance, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,403 3.99%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,749 2.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,703 3.38%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $75,000 $75,000 $1,994 2.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $3,060 2.38%
Russellville, AR (FHA|USDA|VA) 1 $45,000 $45,000 $1,836 2.75%
The Park National Bank's top markets include Columbus, Cincinnati, Zanesville, Mount Vernon, and Greenville among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,902 $1,544,520,000 $195,459 $2,670 2.97%
    HELOC 1,053 $61,155,000 $58,077 n/a 3.62%
    FHA 24 $3,360,000 $140,000 $6,140 3.94%
    VA 20 $4,020,000 $201,000 $5,158 2.78%
    USDA 16 $2,220,000 $138,750 $4,944 3.42%

    For 2020, The Park National Bank's most frequently originated type of loan was Conventional, with 7,902 originations. Their 2nd most popular type was HELOC, with 1,053 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,663 $686,225,000 $187,340 $2,450 2.90%
    Home Purchase 2,403 $519,505,000 $216,190 $3,091 3.25%
    Cash Out Refi 1,918 $334,650,000 $174,479 $2,728 2.76%
    Home Improvement 595 $38,925,000 $65,420 $2,169 3.64%
    Other 436 $35,970,000 $82,500 $2,338 3.59%

    For 2020, The Park National Bank's most frequently cited loan purpose was Refi, with 3,663 originations. The 2nd most popular reason was Home Purchase, with 2,403 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,037 $864,305,000 $214,096 $2,874 3.04%
    15 Year 2,194 $352,830,000 $160,816 $2,492 2.70%
    10 Year 1,450 $126,720,000 $87,393 $2,211 3.45%
    20 Year 920 $169,190,000 $183,902 $2,576 3.11%
    Other 308 $58,220,000 $189,026 $2,421 3.11%
    1 Year 71 $12,925,000 $182,042 $0 4.47%
    5 Year 31 $15,625,000 $504,032 $1,086 3.80%
    30+ year 3 $1,005,000 $335,000 $7,497 4.04%
    3 Year 1 $14,455,000 $14,455,000 $0 3.18%

    For 2020, The Park National Bank's most frequently cited loan duration was 30 Year, with 4,037 originations. The 2nd most popular length was 15 Year, with 2,194 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6,504 $1,224,220,000 $188,226
    $1k-2k 759 $139,575,000 $183,893
    $2k-3k 127 $27,315,000 $215,079
    $3k-4k 35 $7,725,000 $220,714
    $4k-5k 20 $4,980,000 $249,000
    $5k+ 8 $2,420,000 $302,500

    The Park National Bank's average total fees were $2,874, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,504 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,801 $581,285,000 $207,528
    3-4% 2,637 $480,675,000 $182,281
    <2.5% 2,618 $437,860,000 $167,250
    4-5% 867 $106,455,000 $122,785
    5-6% 77 $8,535,000 $110,844
    6-7% 15 $465,000 $31,000

    During 2020, The Park National Bank's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,801 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 3,487 $502,775,000 $144,186 $2,598 2.91%
    $100,000 or less 2,776 $165,420,000 $59,589 $2,339 3.29%
    $200k-400k 2,203 $597,455,000 $271,201 $2,902 2.93%
    $400k-600k 427 $200,565,000 $469,707 $3,518 3.04%
    $600k-1MM 72 $54,570,000 $757,917 $4,062 3.57%
    $1MM+ 50 $94,490,000 $1,889,800 $5,185 3.45%

    2020 saw The Park National Bank place emphasis on $100k-200k loans with 3,487 originations, totaling $502,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,817 $348,095,000 $191,577 $2,778 3.00%
    $50k-75k 1,800 $232,740,000 $129,300 $2,607 3.01%
    $50k or less 1,545 $142,995,000 $92,553 $2,573 3.05%
    $75k-100k 1,527 $247,215,000 $161,896 $2,679 2.96%
    $150k-250k 1,056 $262,060,000 $248,163 $2,884 3.00%
    $250k+ 497 $191,235,000 $384,779 $3,303 3.03%

    The Park National Bank lent most frequently to those with incomes in the $100k-150k range, with 1,817 originations. The second most popular income band? $50k-75k, with 1,800 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,685 $447,845,000 $166,795 $2,643 2.89%
    30-36% 1,690 $279,100,000 $165,148 $2,674 3.04%
    <20% 1,399 $240,905,000 $172,198 $2,572 2.80%
    38% 318 $57,690,000 $181,415 $2,767 3.12%
    39% 290 $50,520,000 $174,207 $2,899 3.16%
    37% 288 $49,010,000 $170,174 $2,753 3.12%
    36% 281 $46,115,000 $164,110 $2,801 3.12%
    41% 278 $50,800,000 $182,734 $2,812 3.16%
    40% 266 $42,810,000 $160,940 $2,733 3.19%
    42% 250 $47,100,000 $188,400 $2,848 3.19%
    43% 150 $28,050,000 $187,000 $2,737 2.94%
    44% 143 $25,775,000 $180,245 $2,796 3.03%
    45% 114 $22,060,000 $193,509 $2,891 2.84%
    46% 82 $15,980,000 $194,878 $2,824 2.98%
    48% 79 $14,615,000 $185,000 $2,962 2.94%
    47% 75 $13,745,000 $183,267 $2,817 2.94%
    49% 49 $12,755,000 $260,306 $2,877 3.06%
    50-60% 49 $13,205,000 $269,490 $2,996 3.29%
    >60% 15 $8,715,000 $581,000 $3,802 3.58%

    The Park National Bank lent most frequently to those with DTI ratios of 20-30%, with 2,685 originations. The next most common DTI ratio? 30-36%, with 1,690 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,086 $1,388,210,000 $171,681 $2,687 3.01%
    Not applicable 367 $129,055,000 $351,649 $0 4.12%
    Not provided 419 $74,045,000 $176,718 $2,753 2.86%
    Black 82 $11,520,000 $140,488 $2,754 2.94%
    Asian 45 $9,915,000 $220,333 $2,997 2.74%
    American Indian 12 $1,840,000 $153,333 $2,647 3.01%
    Native Hawaiian or Islander 3 $375,000 $125,000 $2,362 2.21%
    Asian Indian 1 $315,000 $315,000 $0 3.95%

    Approval Rates

    Total approvals of all applications
    86.10%

    The Park National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.66%

    The Park National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    393.15 1 $45,000 $45,000
    NA 9,014 $1,615,230,000 $179,191

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $2,605,000 $868,333
    Multifamily:Site-Built 120 $94,570,000 $788,083
    Single Family (1-4 Units):Manufactured 193 $17,075,000 $88,472
    Single Family (1-4 Units):Site-Built 8,699 $1,501,025,000 $172,551

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 927 $100,835,000 $108,776 $2,356 3.15%
    40-60% 1,581 $269,515,000 $170,471 $2,538 2.81%
    60-80% 3,735 $783,645,000 $209,811 $2,709 2.96%
    80-100% 2,076 $433,180,000 $208,661 $2,923 3.11%
    Over 100% 4 $550,000 $137,500 $7,709 3.28%
    Under 20% 691 $27,495,000 $39,790 $1,629 3.68%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Park National Bank 1 Monument Square Urbana, OH 43078 Full Service B&M $35,722
    The Park National Bank 1 West Main Street New Concord, OH 43762 Full Service B&M $57,519
    The Park National Bank 100 Downtowner Plaza Coshocton, OH 43812 Full Service B&M $72,154
    The Park National Bank 1000 Sugarbush Dr. Ashland, OH 44805 Full Service B&M $33,303
    The Park National Bank 1001 East Main Street Lancaster, OH 43130 Full Service B&M $52,093
    The Park National Bank 1001 West Fair Avenue Lancaster, OH 43130 Full Service B&M $29,722
    The Park National Bank 1008 East Main Street Newark, OH 43055 Full Service B&M $56,383
    The Park National Bank 101 West Main Street Versailles, OH 45380 Full Service B&M $69,856
    The Park National Bank 102 South Chillicothe Street South Charleston, OH 45368 Full Service B&M $36,973
    The Park National Bank 103 East Main Street Hebron, OH 43025 Full Service B&M $91,864
    The Park National Bank 105 North Main Street Prospect, OH 43342 Full Service B&M $16,967
    The Park National Bank 105 West Main Street Plain City, OH 43064 Full Service B&M $40,359
    The Park National Bank 10515 Anderson Road Easley, SC 29642 Full Service B&M $38,687
    The Park National Bank 1075 Nimitzview Drive Cincinnati, OH 45230 Full Service B&M $75,725
    The Park National Bank 1111 Metropolitan Avenue Charlotte, NC 28204 Full Service B&M $176,715
    The Park National Bank 112 North Bridge Street Perrysville, OH 44864 Full Service B&M $9,749
    The Park National Bank 1127 Hendersonville Road Asheville, NC 28803 Full Service B&M $99,229
    The Park National Bank 1155 North 21st Street Newark, OH 43055 Full Service B&M $14,401
    The Park National Bank 117 Wayne Street Fort Recovery, OH 45846 Full Service B&M $93,162
    The Park National Bank 1176 West Main Street Tipp City, OH 45371 Full Service B&M $34,433
    The Park National Bank 1187 Ohio Pike Amelia, OH 45102 Full Service B&M $61,444
    The Park National Bank 119 East Broadway Granville, OH 43023 Full Service B&M $142,809
    The Park National Bank 120 North Water Street Loudonville, OH 44842 Full Service B&M $108,023
    The Park National Bank 1201 Brandywine Blvd Zanesville, OH 43701 Full Service B&M $81,625
    The Park National Bank 124 Trade Court, Suite A Mooresville, NC 28117 Full Service B&M $19,502
    The Park National Bank 1274 Hill Road Pickerington, OH 43147 Full Service Retail $24,641
    The Park National Bank 1280 North Memorial Drive Lancaster, OH 43130 Full Service B&M $48,901
    The Park National Bank 129 Barks Rd Marion, OH 43302 Full Service B&M $50,654
    The Park National Bank 130 West Main Street Medway, OH 45341 Full Service B&M $25,385
    The Park National Bank 1301 West Market Street Baltimore, OH 43105 Full Service B&M $63,532
    The Park National Bank 1302 Wagner Avenue Greenville, OH 45331 Full Service B&M $28,518
    The Park National Bank 1314 W Main Street Troy, OH 45373 Full Service B&M $51,796
    The Park National Bank 1365 Stoneridge Drive Gahanna, OH 43230 Full Service Retail $7,063
    The Park National Bank 137 North Main Street Fredericktown, OH 43019 Full Service B&M $77,948
    The Park National Bank 14 South Fifth Street Zanesville, OH 43701 Full Service B&M $222,123
    The Park National Bank 140 East Marion Street Caledonia, OH 43314 Full Service B&M $17,416
    The Park National Bank 143 West Main Street Lancaster, OH 43130 Full Service B&M $315,842
    The Park National Bank 1495 Granville Road Newark, OH 43055 Full Service B&M $39,293
    The Park National Bank 1500 Lexington Avenue Mansfield, OH 44907 Full Service Retail $11,408
    The Park National Bank 154 Main Street Bellville, OH 44813 Full Service B&M $41,108
    The Park National Bank 155 Mansfield Avenue Shelby, OH 44875 Full Service B&M $51,952
    The Park National Bank 1600 Moorefield Road Springfield, OH 45503 Full Service B&M $33,522
    The Park National Bank 1603 Covington Ave Piqua, OH 45356 Full Service B&M $30,626
    The Park National Bank 161 East Main Street Xenia, OH 45385 Full Service B&M $99,404
    The Park National Bank 1633 West Main Street Newark, OH 43055 Full Service B&M $87,398
    The Park National Bank 17 West High Street Mount Gilead, OH 43338 Full Service B&M $96,294
    The Park National Bank 1705 East Pike Zanesville, OH 43701 Full Service B&M $71,954
    The Park National Bank 175 East Third Street Greenville, OH 45331 Full Service B&M $7,490
    The Park National Bank 220 East State St. Newcomerstown, OH 43832 Full Service B&M $22,431
    The Park National Bank 1756 North Limestone Street Springfield, OH 45503 Full Service B&M $43,517
    The Park National Bank 1988 Baltimore Reynsburg Road Reynoldsburg, OH 43068 Full Service B&M $11,372
    The Park National Bank 2 South Main Street Mechanicsburg, OH 43044 Full Service B&M $41,582
    The Park National Bank 200 Civic Center Dr, Suite 700 Columbus, OH 43215 Full Service B&M $187,638
    The Park National Bank 200 South Church Street Spartanburg, SC 29306 Full Service B&M $325,554
    The Park National Bank 201 North Main Street New Carlisle, OH 45344 Full Service B&M $80,572
    The Park National Bank 2035 South Dayton Lakeview Road New Carlisle, OH 45344 Full Service B&M $26,730
    The Park National Bank 206 N. Main Street New Lexington, OH 43764 Full Service B&M $50,812
    The Park National Bank 2127 Maysville Ave Zanesville, OH 43701 Full Service B&M $43,776
    The Park National Bank 2148 G Eagle Pass Wooster, OH 44691 Full Service B&M $4,831
    The Park National Bank 215 North Wayne Street Piqua, OH 45356 Full Service B&M $120,890
    The Park National Bank 218 North Main Street Hendersonville, NC 28792 Full Service B&M $37,253
    The Park National Bank 225 North Clay Street Millersburg, OH 44654 Full Service B&M $53,964
    The Park National Bank 229 North 3rd Street Coshocton, OH 43812 Full Service B&M $15,925
    The Park National Bank 245 North Seltzer Street Crestline, OH 44827 Full Service B&M $41,732
    The Park National Bank 25 Main Street Milford, OH 45150 Full Service B&M $24,306
    The Park National Bank 2730 East Main Street Springfield, OH 45503 Full Service B&M $41,755
    The Park National Bank 276 East Main Street Lexington, OH 44904 Full Service B&M $61,013
    The Park National Bank 2810 Maysville Pike Zanesville, OH 43701 Full Service B&M $33,136
    The Park National Bank 2900 Columbus Lancaster, Northwest Lancaster, OH 43130 Full Service Retail $18,974
    The Park National Bank 3 North Main Street Mansfield, OH 44902 Full Service B&M $252,107
    The Park National Bank 304 North Main Street Anderson, SC 29621 Full Service B&M $78,127
    The Park National Bank 325 North Lexington-Springmill Road Ontario, OH 44906 Full Service B&M $62,716
    The Park National Bank 33 South Main Street Utica, OH 43080 Full Service B&M $59,244
    The Park National Bank 3387 Maple Avenue Zanesville, OH 43701 Full Service B&M $17,293
    The Park National Bank 35 West Main Street, Drawer F Centerburg, OH 43011 Full Service B&M $64,981
    The Park National Bank 350 East Broad Street Pataskala, OH 43062 Full Service Retail $97,330
    The Park National Bank 3680 Marion Drive Enon, OH 45323 Full Service B&M $53,022
    The Park National Bank 3825 Edwards Road, Suite 520 Cincinnati, OH 45209 Full Service B&M $42,060
    The Park National Bank 4 S Market St Danville, OH 43014 Full Service B&M $40,887
    The Park National Bank 40 South Limestone Street Springfield, OH 45502 Full Service B&M $224,743
    The Park National Bank 401 South Sandusky Avenue Bucyrus, OH 44820 Full Service B&M $105,547
    The Park National Bank 4550 Eastgate Blvd Cincinnati, OH 45245 Full Service B&M $58,027
    The Park National Bank 460 West Cook Road Mansfield, OH 44907 Full Service B&M $42,147
    The Park National Bank 499 S Broadway Greenville, OH 45331 Full Service B&M $157,232
    The Park National Bank 50 Marion Avenue Mansfield, OH 44903 Full Service B&M $26,070
    The Park National Bank 50 North Third Street Newark, OH 43055 Full Service B&M $834,508
    The Park National Bank 8 Public Square Galion, OH 44833 Full Service B&M $48,393
    The Park National Bank 5100 State Route 132 Owensville, OH 45160 Full Service B&M $47,069
    The Park National Bank 545 South Third Street Louisville, KY 40202 Full Service B&M $13,477
    The Park National Bank 567 Hebron Road Heath, OH 43056 Full Service B&M $70,694
    The Park National Bank 60 West Coshocton Street Johnstown, OH 43031 Full Service B&M $72,712
    The Park National Bank 603 North Main Street Arcanum, OH 45304 Full Service B&M $46,508
    The Park National Bank 61 N. Market Street Logan, OH 43138 Full Service B&M $35,662
    The Park National Bank 6195 Gender Road Canal Winchester, OH 43110 Full Service Retail $9,941
    The Park National Bank 6501 Calhoun Memorial Highway Easley, SC 29640 Full Service B&M $39,577
    The Park National Bank 7140 North High Street Worthington, OH 43085 Full Service B&M $38,205
    The Park National Bank 720 Gardner Road Springboro, OH 45066 Full Service B&M $20,118
    The Park National Bank 758 Wheeling Avenue Cambridge, OH 43725 Full Service B&M $4,681
    The Park National Bank 797 Ashland Road Mansfield, OH 44905 Full Service B&M $51,052
    The Park National Bank 8 West Maple Street North Lewisburg, OH 43060 Full Service B&M $24,284
    The Park National Bank 800 North Main Street Celina, OH 45822 Full Service B&M $27,788
    The Park National Bank 800 South 30th Street Heath, OH 43056 Full Service B&M $53,401
    The Park National Bank 810 Coshocton Avenue Mount Vernon, OH 43050 Full Service B&M $59,914
    The Park National Bank 82 West Washington Street Jamestown, OH 45335 Full Service B&M $66,721
    The Park National Bank 828-830 Scioto Street Urbana, OH 43078 Full Service B&M $42,512
    The Park National Bank 8366 Princeton-Glendale Road - Suite A West Chester, OH 45069 Full Service B&M $15,362
    The Park National Bank 85 Main Street Butler, OH 44822 Full Service B&M $29,873
    The Park National Bank 8641 Blackjack Road Mount Vernon, OH 43050 Full Service B&M $22,865
    The Park National Bank 889 North Trimble Road Mansfield, OH 44906 Full Service B&M $22,626
    The Park National Bank 898 E. State Street Athens, OH 45701 Full Service B&M $31,946
    The Park National Bank 91 West Dave Longaberger Ave Dresden, OH 43821 Full Service B&M $52,046
    The Park National Bank 937 North Pleasantburg Drive Greenville, SC 29607 Full Service B&M $102,226
    The Park National Bank 990 Military Rd Zanesville, OH 43701 Full Service B&M $150,074
    The Park National Bank 990 North 21st Street Newark, OH 43055 Full Service B&M $88,074
    The Park National Bank One South Main Street Mount Vernon, OH 43050 Full Service B&M $385,806

    For 2020, The Park National Bank had 115 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $353,364
    Net interest income $326,375
    Total noninterest income $118,516
    Gross Fiduciary activities income $28,873
    Service charges on deposit accounts $8,790
    Trading account gains and fees $0
    Additional Noninterest Income $80,853
    Pre-tax net operating income $145,140
    Securities gains (or losses, -) $5,715
    Income before extraordinary items $123,730
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $123,730
    Minority interest net income $0
    Net income $123,730
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $119,043

    The Park National Bank's gross interest income from loans was $353,364,000.
    The Park National Bank's net interest income from loans was $326,375,000.
    The Park National Bank's fee based income from loans was $8,790,000.
    The Park National Bank's net income from loans was $123,730,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $26,989
    Provision for credit losses $30,813
    Total noninterest expense $268,938
    Salaries and employee benefits $158,868
    Premises and equipment expense $32,352
    Additional noninterest expense $77,718
    Applicable income taxes $27,125
    Net charge-offs $1,184
    Cash dividends $75,000

    The Park National Bank's interest expense for loans was $26,989,000.
    The Park National Bank's payroll and benefits expense were $158,868,000.
    The Park National Bank's property, plant and equipment expenses $32,352,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $7,820,983
    Deposits held in domestic offices $7,820,983
    Deposits by Individuals, partnerships, and corporations $7,257,379
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $540,324
    Deposits by Commercial banks and other depository institutions in U.S. $23,280
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,037,542
    Demand deposits $1,037,542
    Nontransaction accounts $6,783,441
    Money market deposit accounts (MMDAs) $4,146,807
    Other savings deposits (excluding MMDAs) $1,772,062
    Total time deposits $864,572
    Total time and savings deposits $6,783,441
    Noninterest-bearing deposits $2,978,005
    Interest-bearing deposits $4,842,978
    Retail deposits $7,734,107
    IRAs and Keogh plan accounts $187,432
    Brokered deposits $10,928
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $9,249,291
    Cash & Balances due from depository institutions $370,642
    Interest-bearing balances $215,086
    Total securities $1,077,998
    Federal funds sold & reverse repurchase $0
    Net loans and leases $7,079,974
    Loan and leases loss allowance $84,321
    Trading account assets $0
    Bank premises and fixed assets $103,369
    Other real estate owned $838
    Goodwill and other intangibles $181,065
    All other assets $435,405

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $9,249,291
    Total Liabilities $8,290,661
    Total deposits $7,820,983
    Interest-bearing deposits $4,842,978
    Deposits held in domestic offices $7,820,983
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $319,149
    Trading liabilities $0
    Other borrowed funds $25,000
    Subordinated debt $25,000
    All other liabilities $100,529

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $7,079,974
    Loan and leases loss allowance $84,321
    Total loans and leases (domestic) $7,164,295
    All real estate loans $3,903,109
    Real estate loans in domestic offices $3,903,109
    Construction and development loans $343,421
    Residential 1-4 family construction $118,254
    Other construction, all land development and other land $225,167
    Loans secured by nonfarm nonresidential properties $1,614,212
    Nonfarm nonresidential secured by owner-occupied properties $700,854
    Commercial real estate & other non-farm, non-residential $913,358
    Multifamily residential real estate $151,343
    1-4 family residential loans $1,660,156
    Farmland loans $133,977
    Loans held in foreign offices $0
    Farm loans $56,729
    Commercial and industrial loans $1,095,742
    To non-U.S. addressees $0
    Loans to individuals $1,648,160
    Credit card loans $0
    Related Plans $2,366
    Consumer Auto Loans $1,108,129
    Other loans to individuals $537,665
    All other loans & leases $460,555
    Loans to foreign governments and official institutions $0
    Other loans $384,543
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $15,960
    Non 1-4 family restructured loans & leases $5,498
    Total loans and leases (foreign) $0

    The Park National Bank had $7,079,974,000 of loans outstanding in 2020. $3,903,109,000 of loans were in real estate loans. $343,421,000 of loans were in development loans. $151,343,000 of loans were in multifamily mortgage loans. $1,660,156,000 of loans were in 1-4 family mortgage loans. $56,729,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,108,129,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 3,189 $671,574 $210,591
    Nonfarm, nonresidential loans - <$100k 703 $25,641 $36,474
    Nonfarm, nonresidential loans - $100-250k 1,094 $128,190 $117,176
    Nonfarm, nonresidential loans - $250k-1MM 1,392 $517,743 $371,942
    Commercial & Industrial, US addressed loans - <$1MM 8,967 $586,869 $65,448
    Commercial & Industrial, US addressed loans - <$100k 6,542 $155,579 $23,782
    Commercial & Industrial, US addressed loans - $100-250k 1,412 $138,152 $97,841
    Commercial & Industrial, US addressed loans - $250k-1MM 1,013 $293,138 $289,376
    Farmland loans - <$1MM 467 $66,762 $142,959
    Farmland loans - <$100k 142 $6,769 $47,669
    Farmland loans - $100-250k 196 $24,770 $126,378
    Farmland loans - $250k-1MM 129 $35,223 $273,047
    Agriculture operations loans - <$1MM 895 $42,558 $47,551
    Agriculture operations loans - <$100k 726 $17,066 $23,507
    Agriculture operations loans - $100-250k 113 $12,105 $107,124
    Agriculture operations loans - $250k-1MM 56 $13,387 $239,054