Loans

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



	September 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 *	$	909,025	$	3,478	$	912,503	$	856,535	$	3,218	$	859,753
Commercial real estate *	1,091,578		4,239		1,095,817		1,069,637		3,546		1,073,183
Construction real estate:
SEPH commercial land and development	2,069		—		2,069		2,195		—		2,195
Remaining commercial	115,987		279		116,266		115,139		300		115,439
Mortgage	35,554		78		35,632		31,148		72		31,220
Installment	6,762		19		6,781		7,322		23		7,345
Residential real estate:
Commercial	412,294		883		413,177		417,612		1,038		418,650
Mortgage	1,216,221		1,840		1,218,061		1,189,709		1,548		1,191,257
HELOC	213,488		755		214,243		216,915		803		217,718
Installment	24,297		79		24,376		27,139		97		27,236
Consumer	969,586		2,949		972,535		893,160		2,967		896,127
Leases	3,051		53		3,104		3,171		17		3,188
Total loans	$	4,999,912	$	14,652	$	5,014,564	$	4,829,682	$	13,629	$	4,843,311

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

Loans are shown net of deferred origination fees, costs and unearned income of $10.3 million at September 30, 2015 and $9.4 million at December 31, 2014, which represented a net deferred income position in both periods.

Overdrawn deposit accounts of $1.7 million and $2.3 million have been reclassified to loans at September 30, 2015 and December 31, 2014, respectively, and are included in the commercial, financial and agricultural loan class above.

Credit Quality

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



	September 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	$	18,142	$	1,015	$	—	$	19,157
Commercial real estate	14,565		3,097		—		17,662
Construction real estate:
SEPH commercial land and development	2,045		—		—		2,045
Remaining commercial	5,746		247		—		5,993
Mortgage	28		91		—		119
Installment	126		113		—		239
Residential real estate:
Commercial	23,787		583		—		24,370
Mortgage	19,529		9,915		469		29,913
HELOC	1,685		806		17		2,508
Installment	1,845		680		4		2,529
Consumer	3,497		654		1,065		5,216
Total loans	$	90,995	$	17,201	$	1,555	$	109,751



	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

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



	September 30, 2015						December 31, 2014
(In thousands)	Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual loans and accruing TDRs		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	19,157	$	19,154	$	3	$	19,123	$	19,106	$	17
Commercial real estate	17,662		17,662		—		21,989		21,989		—
Construction real estate:
SEPH commercial land and development	2,045		2,045		—		2,078		2,078		—
Remaining commercial	5,993		5,993		—		5,609		5,609		—
Mortgage	119		—		119		153		—		153
Installment	239		—		239		240		—		240
Residential real estate:
Commercial	24,370		24,370		—		24,930		24,930		—
Mortgage	29,444		—		29,444		32,218		—		32,218
HELOC	2,491		—		2,491		2,509		—		2,509
Installment	2,525		—		2,525		2,522		—		2,522
Consumer	4,151		—		4,151		5,354		—		5,354
Total loans	$	108,196	$	69,224	$	38,972	$	116,725	$	73,712	$	43,013

All of the loans individually evaluated for impairment were evaluated using the fair value of the underlying collateral or the present value of expected future cash flows as the measurement method.

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



	September 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	$	18,724	$	4,758	$	—	$	30,601	$	17,883	$	—
Commercial real estate	12,285		12,044		—		27,923		20,696		—
Construction real estate:
SEPH commercial land and development	10,835		2,045		—		11,026		2,078		—
Remaining commercial	2,242		1,263		—		1,427		391		—
Residential real estate:
Commercial	23,940		22,264		—		25,822		23,352		—

With an allowance recorded:
Commercial, financial and agricultural	18,573		14,396		2,495		1,251		1,223		981
Commercial real estate	5,618		5,618		488		1,310		1,293		262
Construction real estate:
SEPH commercial land and development	—		—		—		—		—		—
Remaining commercial	4,730		4,730		2,118		5,218		5,218		1,812
Residential real estate:
Commercial	2,225		2,106		637		1,578		1,578		605
Total	$	99,172	$	69,224	$	5,738	$	106,156	$	73,712	$	3,660

Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. At September 30, 2015 and December 31, 2014, there were $25.7 million and $32.4 million, respectively, of partial charge-offs on loans individually evaluated for impairment with no related allowance recorded and $4.3 million and $45,000, respectively, of partial charge-offs on loans individually evaluated for impairment that also had a specific reserve allocated.

The allowance for loan losses included specific reserves of $5.7 million and $3.7 million related to loans individually evaluated for impairment at September 30, 2015 and December 31, 2014, respectively. These loans with specific reserves had a recorded investment of $26.9 million and $9.3 million as of September 30, 2015 and December 31, 2014, respectively.

Interest income on loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment of the loan. 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 nine months ended September 30, 2015 and September 30, 2014:



	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,793	$	35	$	23,186	$	18,764	$	68
Commercial real estate	17,662		17,453		132		21,303		30,644		327
Construction real estate:
SEPH commercial land and development	2,045		2,068		—		2,097		3,653		12
Remaining commercial	5,993		6,059		2		5,970		8,561		2
Residential real estate:
Commercial	24,370		24,560		240		23,640		27,765		255
Consumer	—		—		—		35		68		—
Total	$	69,224	$	69,933	$	409	$	76,231	$	89,455	$	664



	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
(In thousands)	Recorded investment as of September 30, 2015		Average recorded investment		Interest income recognized		Recorded investment as of September 30, 2014		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,154	$	19,056	$	306	$	23,186	$	19,362	$	204
Commercial real estate	17,662		17,857		418		21,303		35,458		862
Construction real estate:
SEPH commercial land and development	2,045		2,073		8		2,097		4,130		134
Remaining commercial	5,993		5,771		13		5,970		9,587		56
Residential real estate:
Commercial	24,370		24,784		768		23,640		29,632		825
Consumer	—		—		—		35		521		—
Total	$	69,224	$	69,541	$	1,513	$	76,231	$	98,690	$	2,081

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



	September 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	$	213	$	3,619	$	3,832	$	908,671	$	912,503
Commercial real estate	917		796		1,713		1,094,104		1,095,817
Construction real estate:
SEPH commercial land and development	—		2,043		2,043		26		2,069
Remaining commercial	40		84		124		116,142		116,266
Mortgage	77		8		85		35,547		35,632
Installment	81		78		159		6,622		6,781
Residential real estate:
Commercial	257		18,292		18,549		394,628		413,177
Mortgage	10,064		9,295		19,359		1,198,702		1,218,061
HELOC	796		153		949		213,294		214,243
Installment	240		535		775		23,601		24,376
Consumer	9,716		3,109		12,825		959,710		972,535
Leases	—		—		—		3,104		3,104
Total loans	$	22,401	$	38,012	$	60,413	$	4,954,151	$	5,014,564

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



	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.

Credit Quality Indicators

Management utilizes past due information as a credit quality indicator across the loan portfolio. Past due information as of September 30, 2015 and December 31, 2014 is included in the tables above. The past due information is the primary credit quality indicator within the following classes of loans: (1) mortgage loans and installment loans in the construction real estate segment; (2) mortgage loans, HELOC and installment loans in the residential real estate segment; and (3) consumer loans. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans on a scale from 1 to 8. Credit grades are continuously monitored by the responsible loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded an 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher loan loss reserve percentage is allocated to these loans. Loans classified as special mention have potential weaknesses that require management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of Park’s credit position at some future date. Commercial loans graded 6 (substandard), also considered to be watch list credits, are considered to represent higher credit risk and, as a result, a higher loan loss reserve percentage is allocated to these loans. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or the value of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Park will sustain some loss if the deficiencies are not corrected. Commercial loans that are graded a 7 (doubtful) are shown as nonaccrual and Park generally charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Certain 6-rated loans and all 7-rated loans are included within the impaired category. A loan is deemed impaired when management determines the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged off.

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



	September 30, 2015
(In thousands)	5 Rated		6 Rated		Impaired		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	8,734	$	1,674	$	19,157	$	882,938	$	912,503
Commercial real estate *	14,676		5,317		17,662		1,058,162		1,095,817
Construction real estate:
SEPH commercial land and development	—		—		2,045		24		2,069
Remaining commercial	2,881		—		5,993		107,392		116,266
Residential real estate:
Commercial	2,490		2,035		24,370		384,282		413,177
Leases	—		—		—		3,104		3,104
Total commercial loans	$	28,781	$	9,026	$	69,227	$	2,435,902	$	2,542,936

* Included within commercial, financial and agricultural loans and commercial real estate 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

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

Troubled Debt Restructurings ("TDRs")

Management classifies loans as TDRs when a borrower is experiencing financial difficulties and Park has granted a concession to the borrower as part of a modification or in the loan renewal process. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of the borrower's debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. Management’s policy is to modify loans by extending the term or by granting a temporary or permanent contractual interest rate below the market rate, not by forgiving debt. Certain loans which were modified during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014 did not meet the definition of a TDR as the modification was a delay in a payment that was considered to be insignificant. Management considers a forbearance period of up to three months or a delay in payment of up to 30 days to be insignificant. TDRs may be classified as accruing if the borrower has been current for a period of at least six months with respect to loan payments and management expects that the borrower will be able to continue to make payments in accordance with the terms of the restructured note. Management reviews all accruing TDRs quarterly to ensure payments continue to be made in accordance with the modified terms.

Management reviews renewals/modifications of loans previously identified as TDRs to consider if it is appropriate to remove the TDR classification. If the borrower is no longer experiencing financial difficulty and the renewal/modification does not contain a concessionary interest rate or other concessionary terms, management considers the potential removal of the TDR classification. If deemed appropriate, the TDR classification is removed as the borrower has complied with the terms of the loan at the date of the renewal/modification and there was a reasonable expectation that the borrower would continue to comply with the terms of the loan subsequent to the date of the renewal/modification. The majority of these TDRs were originally considered restructurings in a prior year as a result of a renewal/modification with an interest rate that was not commensurate with the risk of the underlying loan at the time of the renewal/modification. The TDR classification was not removed on any loans during the three-month and nine-month periods ended September 30, 2015. During the three-month and nine-month periods ended September 30, 2014, Park removed the TDR classification on $0.9 million and $2.5 million of loans that met the requirements discussed above.

At September 30, 2015 and December 31, 2014, there were $41.9 million and $47.5 million, respectively, of TDRs included in the nonaccrual loan totals. At September 30, 2015 and December 31, 2014, $19.0 million and $15.7 million of these nonaccrual TDRs were performing in accordance with the terms of the restructured note. As of September 30, 2015 and December 31, 2014, there were $17.2 million and $16.3 million, respectively, of TDRs included in accruing loan totals. Management will continue to review the restructured loans and may determine it appropriate to move certain of the loans back to accrual status in the future.

At September 30, 2015 and December 31, 2014, Park had commitments to lend $3.3 million and $1.4 million, respectively, of additional funds to borrowers whose outstanding loan terms had been modified in a TDR.

The specific reserve related to TDRs at September 30, 2015 and December 31, 2014 was $3.3 million and $2.4 million, respectively. Modifications made in 2014 and 2015 were largely the result of renewals and extending the maturity date of the loan at terms consistent with the original note. These modifications were deemed to be TDRs primarily due to Park’s conclusion that the borrower would likely not have qualified for similar terms through another lender. Many of the modifications deemed to be TDRs were previously identified as impaired loans, and thus were also previously evaluated for impairment under Accounting Standards Codification (ASC) 310. Additional specific reserves of $212,000 and $1.2 million were recorded during the three-month and nine-month periods ended September 30, 2015, respectively, as a result of TDRs identified in 2015. Additional specific reserves of $258,000 and $537,000 were recoded during the three-month and nine-month periods ended September 30, 2014, respectively, as a result of TDRs identified in 2014.

The terms of certain other loans were modified during the nine-month periods ended September 30, 2015 and September 30, 2014 that did not meet the definition of a TDR. Modified substandard commercial loans which did not meet the definition of a TDR had a total recorded investment as of September 30, 2015 and September 30, 2014 of $245,000 and $443,000, respectively. The renewal/modification of these loans: (1) involved a renewal/modification of the terms of a loan to a borrower who was not experiencing financial difficulties, (2) resulted in a delay in a payment that was considered to be insignificant, or (3) resulted in Park obtaining additional collateral or guarantees that improved the likelihood of the ultimate collection of the loan such that the modification was deemed to be at market terms. Modified consumer loans which did not meet the definition of a TDR had a total recorded investment of $12.8 million and $17.6 million, as of September 30, 2015 and September 30, 2014, respectively. Many of these loans were to borrowers who were not experiencing financial difficulties but who were looking to reduce their cost of funds.

The following tables detail the number of contracts modified as TDRs during the three-month and nine-month periods ended September 30, 2015 and September 30, 2014, as well as the recorded investment of these contracts at September 30, 2015 and September 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 September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	8	$	245	$	3,818	$	4,063
Commercial real estate	5	—		1,512		1,512
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	1	200		—		200
Mortgage	9	—		748		748
HELOC	5	16		31		47
Installment	1	—		4		4
Consumer	61	51		412		463
Total loans	91	$	708	$	6,525	$	7,233



	Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	14	$	776	$	1,025	$	1,801
Commercial real estate	2	—		622		622
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	2	—		312		312
Mortgage	11	508		356		864
HELOC	2	—		29		29
Installment	3	133		9		142
Consumer	87	415		344		759
Total loans	121	$	1,832	$	2,697	$	4,529

Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2015, $160,000 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 September 30, 2014, $205,000 were on nonaccrual status as of December 31, 2013.



	Nine Months Ended September 30, 2015
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	33	$	1,014	$	5,168	$	6,182
Commercial real estate	11	—		2,525		2,525
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	196		—		196
Mortgage	1	—		20		20
Installment	—	—		—		—
Residential real estate:
Commercial	10	200		1,144		1,344
Mortgage	24	325		1,199		1,524
HELOC	21	242		105		347
Installment	4	—		36		36
Consumer	217	71		748		819
Total loans	322	$	2,048	$	10,945	$	12,993



	Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	24	$	776	$	1,065	$	1,841
Commercial real estate	8	—		905		905
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	2	—		207		207
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	4	—		333		333
Mortgage	31	749		1,104		1,853
HELOC	7	93		195		288
Installment	9	228		12		240
Consumer	246	726		460		1,186
Total loans	331	$	2,572	$	4,281	$	6,853

Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2015, $1.0 million were on nonaccrual status as of December 31, 2014. Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2014, $1.0 million were on nonaccrual status as of December 31, 2013.

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 nine-month periods ended September 30, 2015 and September 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 September 30, 2015			Three Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	3	$	62
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		18	1,205
HELOC	—	—		1	166
Installment	1	28		2	115
Consumer	50	310		54	486
Leases	—	—		—	—
Total loans	72	$	2,664	80	$	2,228

Of the $2.7 million in modified TDRs which defaulted during the three months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.2 million in modified TDRs which defaulted during the three months ended September 30, 2014, $160,000 were accruing loans and $2.1 million were nonaccrual loans.



	Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	821	4	$	111
Commercial real estate	—	—		—	—
Construction real estate:
SEPH commercial land and development	—	—		—	—
Remaining commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	603		2	194
Mortgage	13	902		21	1,354
HELOC	—	—		1	166
Installment	1	28		3	118
Consumer	55	356		65	564
Leases	—	—		—	—
Total loans	77	$	2,710	96	$	2,507

Of the $2.7 million in modified TDRs which defaulted during the nine months ended September 30, 2015, $61,000 were accruing loans and $2.6 million were nonaccrual loans. Of the $2.5 million in modified TDRs which defaulted during the nine months ended September 30, 2014, $261,000 were accruing loans and $2.2 million were nonaccrual loans.