Loans (Tables)

6 Months Ended

Jun. 30, 2017

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, 2017 and December 31, 2016 was as follows:



	June 30, 2017						December 31, 2016
(In thousands)	Loan Balance		Accrued Interest Receivable		Recorded Investment		Loan Balance		Accrued Interest Receivable		Recorded Investment
Commercial, financial and agricultural *	$	1,006,479	$	3,837	$	1,010,316	$	994,619	$	3,558	$	998,177
Commercial real estate *	1,191,881		3,960		1,195,841		1,155,703		4,161		1,159,864
Construction real estate:
Commercial	118,605		367		118,972		135,343		398		135,741
Mortgage	47,028		103		47,131		48,699		106		48,805
Installment	4,766		15		4,781		4,903		17		4,920
Residential real estate:
Commercial	397,762		949		398,711		406,687		940		407,627
Mortgage	1,150,606		1,219		1,151,825		1,169,495		1,459		1,170,954
HELOC	209,251		873		210,124		212,441		853		213,294
Installment	18,948		52		19,000		19,874		67		19,941
Consumer	1,216,764		3,190		1,219,954		1,120,850		3,385		1,124,235
Leases	3,347		30		3,377		3,243		29		3,272
Total loans	$	5,365,437	$	14,595	$	5,380,032	$	5,271,857	$	14,973	$	5,286,830

* Included within each of commercial, financial and agricultural loans and commercial real estate 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 ("TDRs"), and loans past due 90 days or more and still accruing by class of loan as of June 30, 2017 and December 31, 2016:



	June 30, 2017
(In thousands)	Nonaccrual Loans		Accruing Troubled Debt Restructurings		Loans Past Due 90 Days or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural	$	28,179	$	325	$	—	$	28,504
Commercial real estate	16,459		5,331		—		21,790
Construction real estate:
Commercial	1,269		367		—		1,636
Mortgage	8		101		—		109
Installment	31		92		29		152
Residential real estate:
Commercial	21,149		86		—		21,235
Mortgage	17,752		10,151		867		28,770
HELOC	1,671		994		19		2,684
Installment	587		539		—		1,126
Consumer	3,273		736		1,032		5,041
Total loans	$	90,378	$	18,722	$	1,947	$	111,047



	December 31, 2016
(In thousands)	Nonaccrual Loans		Accruing Troubled Debt Restructurings		Loans Past Due 90 Days or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural	$	20,057	$	600	$	15	$	20,672
Commercial real estate	19,169		5,305		—		24,474
Construction real estate:
Commercial	1,833		393		—		2,226
Mortgage	—		104		—		104
Installment	61		95		12		168
Residential real estate:
Commercial	23,013		89		—		23,102
Mortgage	18,313		9,612		887		28,812
HELOC	1,783		673		25		2,481
Installment	644		609		60		1,313
Consumer	2,949		748		1,139		4,836
Total loans	$	87,822	$	18,228	$	2,138	$	108,188

Loans Individually And Collectively Evaluated For Impairment

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 June 30, 2017 and December 31, 2016.



	June 30, 2017						December 31, 2016
(In thousands)	Nonaccrual and Accruing TDRs		Loans Individually Evaluated for Impairment		Loans Collectively Evaluated for Impairment		Nonaccrual and Accruing TDRs		Loans Individually Evaluated for Impairment		Loans Collectively Evaluated for Impairment
Commercial, financial and agricultural	$	28,504	$	28,475	$	29	$	20,657	$	20,624	$	33
Commercial real estate	21,790		21,790		—		24,474		24,474		—
Construction real estate:
Commercial	1,636		1,636		—		2,226		2,226		—
Mortgage	109		—		109		104		—		104
Installment	123		—		123		156		—		156
Residential real estate:
Commercial	21,235		21,235		—		23,102		23,102		—
Mortgage	27,903		—		27,903		27,925		—		27,925
HELOC	2,665		—		2,665		2,456		—		2,456
Installment	1,126		—		1,126		1,253		—		1,253
Consumer	4,009		8		4,001		3,697		—		3,697
Total loans	$	109,100	$	73,144	$	35,956	$	106,050	$	70,426	$	35,624

Loans Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loan, together with the related allowance recorded, as of June 30, 2017 and December 31, 2016.



	June 30, 2017						December 31, 2016
(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	$	17,871	$	12,837	$	—	$	41,075	$	19,965	$	—
Commercial real estate	20,199		20,014		—		23,961		23,474		—
Construction real estate:
Commercial	1,457		1,431		—		3,662		2,226		—
Residential real estate:
Commercial	21,261		20,873		—		24,409		22,687		—

With an allowance recorded:
Commercial, financial and agricultural	17,505		15,638		3,774		810		659		152
Commercial real estate	1,969		1,776		290		1,014		1,000		309
Construction real estate:
Commercial	1,592		205		44		—		—		—
Residential real estate:
Commercial	362		362		29		427		415		87
Consumer	8		8		8		—		—		—
Total	$	82,224	$	73,144	$	4,145	$	95,358	$	70,426	$	548

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, 2017 and June 30, 2016:



	Three Months Ended June 30, 2017						Three Months Ended June 30, 2016
(In thousands)	Recorded Investment as of June 30, 2017		Average Recorded Investment		Interest Income Recognized		Recorded Investment as of June 30, 2016		Average Recorded Investment		Interest Income Recognized
Commercial, financial and agricultural	$	28,475	$	23,320	$	120	$	29,779	$	28,600	$	308
Commercial real estate	21,790		21,768		240		29,889		22,177		185
Construction real estate:
Commercial	1,636		1,843		16		6,086		6,395		15
Residential real estate:
Commercial	21,235		20,732		61		25,070		24,648		340
Consumer	8		9		—		20		5		—
Total	$	73,144	$	67,672	$	437	$	90,844	$	81,825	$	848



	Six Months Ended June 30, 2017						Six Months Ended June 30, 2016
(In thousands)	Recorded Investment as of June 30, 2017		Average Recorded Investment		Interest Income Recognized		Recorded Investment as of June 30, 2016		Average Recorded Investment		Interest Income Recognized
Commercial, financial and agricultural	$	28,475	$	21,789	$	340	$	29,779	$	29,319	$	546
Commercial real estate	21,790		22,504		471		29,889		19,863		365
Construction real estate:
Commercial	1,636		1,960		31		6,086		6,564		28
Residential real estate:
Commercial	21,235		21,220		406		25,070		24,795		2,305
Consumer	8		6		—		20		3		—
Total	$	73,144	$	67,479	$	1,248	$	90,844	$	80,544	$	3,244

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, 2017 and December 31, 2016 by class of loan.



	June 30, 2017
(In thousands)	Accruing Loans Past Due 30-89 Days		Past Due Nonaccrual Loans and Loans Past Due 90 Days or More and Accruing ⁽¹⁾		Total Past Due		Total Current ⁽²⁾		Total Recorded Investment
Commercial, financial and agricultural	$	227	$	10,364	$	10,591	$	999,725	$	1,010,316
Commercial real estate	290		2,572		2,862		1,192,979		1,195,841
Construction real estate:
Commercial	—		24		24		118,948		118,972
Mortgage	155		—		155		46,976		47,131
Installment	133		50		183		4,598		4,781
Residential real estate:
Commercial	39		1,715		1,754		396,957		398,711
Mortgage	8,333		10,278		18,611		1,133,214		1,151,825
HELOC	379		1,118		1,497		208,627		210,124
Installment	250		308		558		18,442		19,000
Consumer	9,073		2,232		11,305		1,208,649		1,219,954
Leases	—		—		—		3,377		3,377
Total loans	$	18,879	$	28,661	$	47,540	$	5,332,492	$	5,380,032

(1) Includes $1.9 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

(2) Includes $63.7 million of nonaccrual loans which are current in regards to contractual principal and interest payments.



	December 31, 2016
(in thousands)	Accruing Loans Past Due 30-89 Days		Past Due Nonaccrual Loans and Loans Past Due 90 Days or More and Accruing ⁽¹⁾		Total Past Due		Total Current ⁽²⁾		Total Recorded Investment
Commercial, financial and agricultural	$	371	$	4,113	$	4,484	$	993,693	$	998,177
Commercial real estate	355		2,499		2,854		1,157,010		1,159,864
Construction real estate:
Commercial	—		541		541		135,200		135,741
Mortgage	559		—		559		48,246		48,805
Installment	223		64		287		4,633		4,920
Residential real estate:
Commercial	330		3,631		3,961		403,666		407,627
Mortgage	10,854		9,769		20,623		1,150,331		1,170,954
HELOC	970		1,020		1,990		211,304		213,294
Installment	350		319		669		19,272		19,941
Consumer	12,579		2,094		14,673		1,109,562		1,124,235
Leases	—		—		—		3,272		3,272
Total loans	$	26,591	$	24,050	$	50,641	$	5,236,189	$	5,286,830

(1) Includes $2.1 million of loans past due 90 days or more and accruing. The remaining are past due nonaccrual loans.

(2) Includes $65.9 million of nonaccrual loans which are current in regards to contractual principal and interest payments.

Recorded Investment By Loan Grade

The tables below present the recorded investment by loan grade at June 30, 2017 and December 31, 2016 for all commercial loans:



	June 30, 2017
(In thousands)	5 Rated		6 Rated		Nonaccrual and Accruing Troubled Debt Restructurings		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	3,230	$	136	$	28,504	$	978,446	$	1,010,316
Commercial real estate *	7,248		—		21,790		1,166,803		1,195,841
Construction real estate:
Commercial	—		115		1,636		117,221		118,972
Residential real estate:
Commercial	1,071		254		21,235		376,151		398,711
Leases	—		—		—		3,377		3,377
Total commercial loans	$	11,549	$	505	$	73,165	$	2,641,998	$	2,727,217

* Included within each of 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, 2016
(In thousands)	5 Rated		6 Rated		Nonaccrual and Accruing Troubled Debt Restructurings		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	5,826	$	—	$	20,657	$	971,694	$	998,177
Commercial real estate *	7,548		190		24,474		1,127,652		1,159,864
Construction real estate:
Commercial	287		118		2,226		133,110		135,741
Residential real estate:
Commercial	1,055		124		23,102		383,346		407,627
Leases	—		—		—		3,272		3,272
Total Commercial Loans	$	14,716	$	432	$	70,459	$	2,619,074	$	2,704,681

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, 2017 and June 30, 2016, as well as the recorded investment of these contracts at June 30, 2017 and June 30, 2016. 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, 2017
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	3	$	—	$	164	$	164
Commercial real estate	2	802		—		802
Construction real estate:
Commercial	—	—		—		—
Mortgage	1	—		8		8
Installment	—	—		—		—
Residential real estate:
Commercial	4	—		282		282
Mortgage	10	438		506		944
HELOC	9	160		48		208
Installment	2	40		—		40
Consumer	72	37		551		588
Total loans	103	$	1,477	$	1,559	$	3,036



	Three Months Ended June 30, 2016
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	10	$	51	$	3,248	$	3,299
Commercial real estate	4	3,326		581		3,907
Construction real estate:
Commercial	1	—		196		196
Mortgage	—	—		—		—
Installment	1	—		10		10
Residential real estate:
Commercial	1	—		132		132
Mortgage	4	—		441		441
HELOC	2	17		38		55
Installment	2	39		3		42
Consumer	85	122		623		745
Total loans	110	$	3,555	$	5,272	$	8,827

Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2017, $175,000 were on nonaccrual status as of December 31, 2016. Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2016, $1.9 million were on nonaccrual status as of December 31, 2015.



	Six Months Ended June 30, 2017
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	11	$	—	$	3,052	$	3,052
Commercial real estate	6	803		380		1,183
Construction real estate:
Commercial	—	—		—		—
Mortgage	1	—		8		8
Installment	—	—		—		—
Residential real estate:
Commercial	5	—		282		282
Mortgage	19	438		1,110		1,548
HELOC	12	359		47		406
Installment	3	73		—		73
Consumer	129	52		965		1,017
Total loans	186	$	1,725	$	5,844	$	7,569



	Six Months Ended June 30, 2016
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	17	$	51	$	3,945	$	3,996
Commercial real estate	4	3,327		581		3,908
Construction real estate:
Commercial	1	—		196		196
Mortgage	—	—		—		—
Installment	1	—		10		10
Residential real estate:
Commercial	3	—		695		695
Mortgage	9	98		654		752
HELOC	8	80		157		237
Installment	2	39		3		42
Consumer	149	134		824		958
Total loans	194	$	3,729	$	7,065	$	10,794

Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2017, $2.8 million were on nonaccrual status as of December 31, 2016. Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2016, $2.8 million were on nonaccrual status as of December 31, 2015.

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, 2017 and June 30, 2016, 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, 2017			Three Months Ended June 30, 2016
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	4	$	109	—	$	—
Commercial real estate	4	657		1	582
Construction real estate:
Commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	29		2	563
Mortgage	10	724		3	288
HELOC	2	10		—	—
Installment	1	2		1	3
Consumer	48	579		39	311
Leases	—	—		—	—
Total loans	70	$	2,110	46	$	1,747

Of the $2.1 million in modified TDRs which defaulted during the three months ended June 30, 2017, $13,000 were accruing loans and $2.1 million were nonaccrual loans. Of the $1.7 million in modified TDRs which defaulted during the three months ended June 30, 2016, $58,000 were accruing loans and $1.7 million were nonaccrual loans.



	Six Months Ended June 30, 2017			Six Months Ended June 30, 2016
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	4	$	109	—	$	—
Commercial real estate	5	834		1	582
Construction real estate:
Commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	1	29		2	563
Mortgage	10	724		3	288
HELOC	2	10		—	—
Installment	1	2		1	3
Consumer	56	618		42	339
Leases	—	—		—	—
Total loans	79	$	2,326	49	$	1,775

Of the $2.3 million in modified TDRs which defaulted during the six months ended June 30, 2017, $13,000 were accruing loans and $2.3 million were nonaccrual loans. Of the $1.8 million in modified TDRs which defaulted during the six months ended June 30, 2016, $58,000 were accruing loans and $1.7 million were nonaccrual loans.