Loans (Tables)

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio, by class of loan, as of June 30, 2015 and December 31, 2014 was as follows:

	June 30, 2015						December 31, 2014
(In thousands)	Loan balance		Accrued interest receivable		Recorded investment		Loan balance		Accrued interest receivable		Recorded investment
Commercial, financial and agricultural *	$	848,808	$	3,042	$	851,850	$	856,535	$	3,218	$	859,753
Commercial real estate *	1,087,107		3,633		1,090,740		1,069,637		3,546		1,073,183
Construction real estate:
SEPH commercial land and development *	2,141		—		2,141		2,195		—		2,195
Remaining commercial	105,229		222		105,451		115,139		300		115,439
Mortgage	31,493		86		31,579		31,148		72		31,220
Installment	7,108		21		7,129		7,322		23		7,345
Residential real estate:
Commercial	417,077		1,024		418,101		417,612		1,038		418,650
Mortgage	1,209,638		1,789		1,211,427		1,189,709		1,548		1,191,257
HELOC	213,301		799		214,100		216,915		803		217,718
Installment	24,705		88		24,793		27,139		97		27,236
Consumer	951,263		2,976		954,239		893,160		2,967		896,127
Leases	3,104		29		3,133		3,171		17		3,188
Total loans	$	4,900,974	$	13,709	$	4,914,683	$	4,829,682	$	13,629	$	4,843,311

* Included within commercial, financial and agricultural loans, commercial real estate loans, and SEPH commercial land and development loans is an immaterial amount of consumer loans that are not broken out by class.

Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing

The following tables present the recorded investment in nonaccrual loans, accruing troubled debt restructurings, and loans past due 90 days or more and still accruing by class of loan as of June 30, 2015 and December 31, 2014:

	June 30, 2015
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	19,288	$	1,143	$	71	$	20,502
Commercial real estate	14,999		2,648		—		17,647
Construction real estate:
SEPH commercial land and development	2,047		—		—		2,047
Remaining commercial	5,979		53		—		6,032
Mortgage	29		91		30		150
Installment	130		116		—		246
Residential real estate:
Commercial	24,048		393		—		24,441
Mortgage	21,744		10,017		719		32,480
HELOC	1,556		820		34		2,410
Installment	1,692		718		—		2,410
Consumer	4,227		597		721		5,545
Total loans	$	95,739	$	16,596	$	1,575	$	113,910

	December 31, 2014
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	18,826	$	297	$	229	$	19,352
Commercial real estate	19,299		2,690		—		21,989
Construction real estate:
SEPH commercial land and development	2,078		—		—		2,078
Remaining commercial	5,558		51		—		5,609
Mortgage	59		94		9		162
Installment	115		125		—		240
Residential real estate:
Commercial	24,336		594		—		24,930
Mortgage	21,869		10,349		1,329		33,547
HELOC	1,879		630		9		2,518
Installment	1,743		779		—		2,522
Consumer	4,631		723		1,133		6,487
Total loans	$	100,393	$	16,332	$	2,709	$	119,434

Loans Individually And Collectively Evaluated For Impairment

The following table provides additional information regarding those nonaccrual and accruing troubled debt restructured loans that were individually evaluated for impairment and those collectively evaluated for impairment as of June 30, 2015 and December 31, 2014.

	June 30, 2015						December 31, 2014
(In thousands)	Nonaccrual and accruing troubled debt restructurings		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual and accruing troubled debt restructurings		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	20,431	$	20,429	$	2	$	19,123	$	19,106	$	17
Commercial real estate	17,647		17,647		—		21,989		21,989		—
Construction real estate:
SEPH commercial land and development	2,047		2,047		—		2,078		2,078		—
Remaining commercial	6,032		6,032		—		5,609		5,609		—
Mortgage	120		—		120		153		—		153
Installment	246		—		246		240		—		240
Residential real estate:
Commercial	24,441		24,441		—		24,930		24,930		—
Mortgage	31,761		—		31,761		32,218		—		32,218
HELOC	2,376		—		2,376		2,509		—		2,509
Installment	2,410		—		2,410		2,522		—		2,522
Consumer	4,824		—		4,824		5,354		—		5,354
Total loans	$	112,335	$	70,596	$	41,739	$	116,725	$	73,712	$	43,013

Loans Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loan as of June 30, 2015 and December 31, 2014.

	June 30, 2015						December 31, 2014
(In thousands)	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
With no related allowance recorded:
Commercial, financial and agricultural	$	20,070	$	6,314	$	—	$	30,601	$	17,883	$	—
Commercial real estate	13,188		12,916		—		27,923		20,696		—
Construction real estate:
SEPH commercial land and development	10,837		2,047		—		11,026		2,078		—
Remaining commercial	1,172		194		—		1,427		391		—
Residential real estate:
Commercial	22,857		21,153		—		25,822		23,352		—
Consumer	—		—		—		—		—		—
With an allowance recorded:
Commercial, financial and agricultural	18,314		14,115		2,570		1,251		1,223		981
Commercial real estate	4,830		4,731		688		1,310		1,293		262
Construction real estate:
SEPH commercial land and development	—		—		—		—		—		—
Remaining commercial	5,838		5,838		2,358		5,218		5,218		1,812
Residential real estate:
Commercial	3,471		3,288		981		1,578		1,578		605
Consumer	—		—		—		—		—		—
Total	$	100,577	$	70,596	$	6,597	$	106,156	$	73,712	$	3,660

Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment

The following table presents the average recorded investment and interest income recognized subsequent to impairment on loans individually evaluated for impairment as of and for the three and six months ended June 30, 2015 and June 30, 2014:

	Three Months Ended June 30, 2015						Three Months Ended June 30, 2014
(In thousands)	Recorded investment as of June 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of June 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	20,429	$	18,220	$	140	$	17,628	$	18,867	$	75
Commercial real estate	17,647		16,850		123		35,138		35,638		282
Construction real estate:
SEPH commercial land and development	2,047		2,068		—		4,378		4,329		66
Remaining commercial	6,032		5,611		6		9,954		10,150		7
Residential real estate:
Commercial	24,441		24,443		273		28,775		30,212		307
Consumer	—		—		—		132		667		—
Total	$	70,596	$	67,192	$	542	$	96,005	$	99,863	$	737

	Six Months Ended June 30, 2015						Six Months Ended June 30, 2014
(In thousands)	Recorded investment as of June 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of June 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	20,429	$	18,830	$	271	$	17,628	$	19,456	$	136
Commercial real estate	17,647		18,058		286		35,138		38,163		535
Construction real estate:
SEPH commercial land and development	2,047		2,072		8		4,378		4,439		122
Remaining commercial	6,032		5,644		11		9,954		10,227		54
Residential real estate:
Commercial	24,441		24,864		528		28,775		30,577		570
Consumer	—		—		—		132		723		—
Total	$	70,596	$	69,468	$	1,104	$	96,005	$	103,585	$	1,417

Aging Of Recorded Investment In Past Due Loans

The following tables present the aging of the recorded investment in past due loans as of June 30, 2015 and December 31, 2014 by class of loan.

	June 30, 2015
(In thousands)	Accruing loans past due 30-89 days		Past due  nonaccrual loans and loans past due 90 days or more and  accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	558	$	4,055	$	4,613	$	847,237	$	851,850
Commercial real estate	563		1,080		1,643		1,089,097		1,090,740
Construction real estate:
SEPH commercial land and development	94		2,043		2,137		4		2,141
Remaining commercial	41		84		125		105,326		105,451
Mortgage	15		30		45		31,534		31,579
Installment	98		79		177		6,952		7,129
Residential real estate:
Commercial	534		17,148		17,682		400,419		418,101
Mortgage	11,065		10,022		21,087		1,190,340		1,211,427
HELOC	421		111		532		213,568		214,100
Installment	656		324		980		23,813		24,793
Consumer	9,394		2,813		12,207		942,032		954,239
Leases	—		—		—		3,133		3,133
Total loans	$	23,439	$	37,789	$	61,228	$	4,853,455	$	4,914,683

* Includes $1.6 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans and accruing troubled debt restructurings.

	December 31, 2014
(in thousands)	Accruing loans past due 30-89 days		Past due nonaccrual  loans and loans past due 90 days or more and accruing*		Total past due		Total current		Total recorded investment
Commercial, financial and agricultural	$	6,482	$	7,508	$	13,990	$	845,763	$	859,753
Commercial real estate	808		8,288		9,096		1,064,087		1,073,183
Construction real estate:
SEPH commercial land and development	—		2,068		2,068		127		2,195
Remaining commercial	166		77		243		115,196		115,439
Mortgage	39		68		107		31,113		31,220
Installment	21		25		46		7,299		7,345
Residential real estate:
Commercial	250		19,592		19,842		398,808		418,650
Mortgage	11,146		10,637		21,783		1,169,474		1,191,257
HELOC	262		387		649		217,069		217,718
Installment	596		464		1,060		26,176		27,236
Consumer	11,304		3,818		15,122		881,005		896,127
Leases	—		—		—		3,188		3,188
Total loans	$	31,074	$	52,932	$	84,006	$	4,759,305	$	4,843,311

* Includes $2.7 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans and accruing troubled debt restructurings.

Recorded Investment By Loan Grade

The tables below present the recorded investment by loan grade at June 30, 2015 and December 31, 2014 for all commercial loans:

	June 30, 2015
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	3,113	$	509	$	20,431	$	827,797	$	851,850
Commercial real estate *	12,376		1,716		17,647		1,059,001		1,090,740
Construction real estate:
SEPH commercial land and development *	—		—		2,047		94		2,141
Remaining commercial	2,616		251		6,032		96,552		105,451
Residential real estate:
Commercial	4,632		628		24,441		388,400		418,101
Leases	—		—		—		3,133		3,133
Total commercial loans	$	22,737	$	3,104	$	70,598	$	2,374,977	$	2,471,416

 * Included within commercial, financial and agricultural loans, commercial real estate loans, and SEPH commercial land and development loans is an immaterial amount of consumer loans that are not broken out by class.

	December 31, 2014
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	1,874	$	1,201	$	19,123	$	837,555	$	859,753
Commercial real estate *	8,448		1,712		21,989		1,041,034		1,073,183
Construction real estate:
SEPH commercial land and development *	—		—		2,078		117		2,195
Remaining commercial	3,349		57		5,609		106,424		115,439
Residential real estate:
Commercial	2,581		598		24,930		390,541		418,650
Leases	—		—		—		3,188		3,188
Total Commercial Loans	$	16,252	$	3,568	$	73,729	$	2,378,859	$	2,472,408

TDR Number Of Contracts Modified And Recorded Investment

The following tables detail the number of contracts modified as TDRs during the three-month and six-month periods ended June 30, 2015 and June 30, 2014, as well as the recorded investment of these contracts at June 30, 2015 and June 30, 2014. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically provide for forgiveness of principal.

	Three Months Ended June 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	12	$	896	$	893	$	1,789
Commercial real estate	—	—		—		—
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	1	—		20		20
Residential real estate:
Commercial	6	—		832		832
Mortgage	8	39		502		541
HELOC	6	37		37		74
Installment	3	—		57		57
Consumer	90	40		626		666
Total loans	126	$	1,012	$	2,967	$	3,979

	Three Months Ended June 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	5	$	—	$	294	$	294
Commercial real estate	3	—		315		315
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	2	—		549		549
Mortgage	—	—		—		—
Installment	1	—		3		3
Residential real estate:
Commercial	—	—		—		—
Mortgage	13	357		375		732
HELOC	5	108		168		276
Installment	2	93		4		97
Consumer	88	360		266		626
Total loans	119	$	918	$	1,974	$	2,892

Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2015, $301,000 were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2014, $789,000 were on nonaccrual status as of December 31, 2013.

	Six Months Ended June 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	25	$	1,107	$	1,399	$	2,506
Commercial real estate	6	—		1,291		1,291
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	1	—		20		20
Installment	1	—		21		21
Residential real estate:
Commercial	9	—		1,266		1,266
Mortgage	15	365		704		1,069
HELOC	16	228		114		342
Installment	3	—		57		57
Consumer	156	53		791		844
Total loans	232	$	1,753	$	5,663	$	7,416

	Six Months Ended June 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	10	$	158	$	194	$	352
Commercial real estate	6	—		996		996
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	2	—		208		208
Mortgage	—	—		—		—
Installment	1	—		3		3
Residential real estate:
Commercial	2	—		48		48
Mortgage	20	457		864		1,321
HELOC	5	108		168		276
Installment	6	95		3		98
Consumer	159	562		289		851
Total loans	211	$	1,380	$	2,773	$	4,153

Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2015, $1.3 million were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2014, $1.7 million were on nonaccrual status as of December 31, 2013.

Recorded Investment In Financing Receivable Modified As TDR Within 12 Months

The following tables present the recorded investment in financing receivables which were modified as TDRs within the previous 12 months and for which there was a payment default during the three-month and six-month periods ended June 30, 2015 and June 30, 2014, respectively. For these tables, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.

	Three Months Ended June 30, 2015			Three Months Ended June 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	5	$	56	6	$	370
Commercial real estate	2	250		4	939
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	1	20		1	3
Residential real estate:
Commercial	1	102		1	29
Mortgage	13	793		18	1,249
HELOC	1	5		1	168
Installment	3	60		4	162
Consumer	60	441		49	380
Leases	—	—		—	—
Total loans	86	$	1,727	84	$	3,300

Of the $1.7 million in modified TDRs which defaulted during the three months ended June 30, 2015, $118,000 were accruing loans and $1.6 million were nonaccrual loans. Of the $3.3 million in modified TDRs which defaulted during the three months ended June 30, 2014, $138,000 were accruing loans and $3.2 million were nonaccrual loans.

	Six Months Ended June 30, 2015			Six Months Ended June 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	5	$	56	7	$	374
Commercial real estate	2	250		4	939
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	1	20		1	3
Residential real estate:
Commercial	1	102		1	29
Mortgage	14	796		21	1,379
HELOC	1	5		1	168
Installment	3	60		5	185
Consumer	64	464		54	416
Leases	—	—		—	—
Total loans	91	$	1,753	94	$	3,493

Of the $1.8 million in modified TDRs which defaulted during the six months ended June 30, 2015, $118,000 were accruing loans and $1.7 million were nonaccrual loans. Of the $3.5 million in modified TDRs which defaulted during the six months ended June 30, 2014, $297,000 were accruing loans and $3.2 million were nonaccrual loans.