Park National Corp. said Tuesday it had first quarter net income of $31.5 million, an approximately 40 percent increase from net income in the same quarter of 2011 of $22.2 million.

Springfield’s largest bank by deposits, Security National Bank, is a division of Newark-based Park National.

The first quarter 2012 results included a pre-tax gain of $22.2 million from the sale of loans, assets and liabilities of Vision Bank.

“We were pleased to complete the sale of Vision Bank assets during the first quarter of 2012. The continued success of our community banks and specialty finance companies in Ohio will be far more apparent without the negative impact we have endured over the past few years,” said Park Chairman C. Daniel DeLawder in a statement. “We look forward to having more flexibility to take advantage of opportunities that may come our way as 2012 unfolds.”