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PARK NATIONAL CORPORATION, NEWARK, OHIO REPORTS FIRST QUARTER, 1992 EARNINGS

 PARK NATIONAL CORPORATION, NEWARK, OHIO
 REPORTS FIRST QUARTER, 1992 EARNINGS
 NEWARK, Ohio, April 20 /PRNewswire/ -- Park National Corporation (NASDAQ/NMS: PARK) today announced earnings for the first quarter of 1992. Net income in 1992 totaled $4.181 million or $1.18 per share compared to net income of $4.107 million or $1.16 per share for the first quarter of 1991. All figures have been adjusted to reflect a two-for-one stock split in April 1991.
 At today's annual stockholders' meeting, a cash dividend of $.35 per share, payable on June 10, 1992 to shareholders of record on May 22, 1992 was approved by Park's board of directors.
 Park National Corporation is a $1.2 billion asset Ohio-based bank holding company which owns Park National Bank (Newark and Columbus), Fairfield National Division (Lancaster), Richland Trust Company (Mansfield) and Mutual Federal Savings Bank (Zanesville). Park has 36, full-service banking offices and a network of 23 24-hour teller machines in Central Ohio.
 PARK NATIONAL CORPORATION
 (Dollar amounts in thousands except in per share data)
 First Quarter 1992 1991
 Net income $4,181 $4,107
 Per share 1.18 1.16
 ROA 1.42 pct. 1.50 pct.
 ROE 19.90 pct. 22.06 pct.
 Net interest margin 4.89 pct. 5.00 pct.
 Net interest income $12,995 $12,205
 Noninterest income 2,548 2,156
 Security gain (loss) 0 245
 Noninterest expense 9,021 8,104
 Loss provision 720 810
 Net charge-offs 513 422
 Balance Sheet 3/92 3/91
 Assets $1,193,185 $1,112,546
 Deposits 1,007,434 966,721
 Loans 723,122 716,669
 Equity 86,523 76,885
 Book value per share 24.42 21.70
 Reserve/loans 2.33 pct. 2.11 pct.
 Reserve/nonperforming loans 301.31 pct. 218.93 pct.
 Nonperforming loans/loans 0.77 pct. 0.97 pct.
 Nonperforming assets/assets 0.94 pct. 1.35 pct.
 Leverage capital ratio 6.73 pct. 6.21 pct.
 Tier 1 capital ratio 11.14 pct. 9.92 pct.
 Tier 1 plus 2 capital ratio 12.65 pct. 11.57 pct.
 -0- 4/20/92
 /CONTACT: Jerry Nethers, vice president marketing, 614-349-3710, or David Bowers, CFO, 614-349-3708, both of Park National/
 (PARK) CO: Park National Corporation ST: Ohio IN: FIN SU: ERN


KK -- CL012 -- 0194 04/20/92 15:54 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
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