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Loans (Tables)

6 Months Ended

Jun. 30, 2019

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio, by class of loan, as of June 30, 2019 and December 31, 2018 was as follows:



	June 30, 2019						December 31, 2018
(In thousands)	Loan Balance		Accrued Interest Receivable		Recorded Investment		Loan Balance		Accrued Interest Receivable		Recorded Investment
Commercial, financial and agricultural *	$	1,159,056	$	5,396	$	1,164,452	$	1,072,786	$	4,603	$	1,077,389
Commercial real estate *	1,612,291		5,661		1,617,952		1,283,045		4,750		1,287,795
Construction real estate:
Commercial	222,505		869		223,374		175,300		801		176,101
Mortgage	89,457		250		89,707		70,541		151		70,692
Installment	1,985		7		1,992		2,433		7		2,440
Residential real estate:
Commercial	476,991		1,354		478,345		429,730		1,150		430,880
Mortgage	1,167,808		1,893		1,169,701		1,134,278		1,227		1,135,505
HELOC	239,017		1,324		240,341		215,283		1,159		216,442
Installment	13,387		36		13,423		14,327		36		14,363
Consumer	1,363,186		4,138		1,367,324		1,292,136		3,756		1,295,892
Leases	31,054		18		31,072		2,273		26		2,299
Total loans	$	6,376,737	$	20,946	$	6,397,683	$	5,692,132	$	17,666	$	5,709,798

* 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, and loans past due 90 days or more and still accruing by class of loan as of June 30, 2019 and December 31, 2018:



	June 30, 2019
(In thousands)	Nonaccrual Loans		Accruing TDRs		Loans Past Due 90 Days or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural	$	17,670	$	1,985	$	25	$	19,680
Commercial real estate	23,846		2,615		606		27,067
Construction real estate:
Commercial	1,788		455		224		2,467
Mortgage	86		79		—		165
Installment	59		7		—		66
Residential real estate:
Commercial	1,806		68		—		1,874
Mortgage	15,728		9,029		1,061		25,818
HELOC	1,667		1,085		55		2,807
Installment	533		1,601		—		2,134
Consumer	3,401		913		500		4,814
Leases	91		—		—		91
Total loans	$	66,675	$	17,837	$	2,471	$	86,983



	December 31, 2018
(In thousands)	Nonaccrual Loans		Accruing TDRs		Loans Past Due 90 Days or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural	$	14,998	$	196	$	10	$	15,204
Commercial real estate	25,566		2,860		—		28,426
Construction real estate:
Commercial	1,866		—		—		1,866
Mortgage	—		15		20		35
Installment	19		9		—		28
Residential real estate:
Commercial	2,610		122		—		2,732
Mortgage	16,892		9,100		1,124		27,116
HELOC	2,158		1,028		9		3,195
Installment	468		1,049		24		1,541
Consumer	3,377		843		1,115		5,335
Leases	—		—		—		—
Total loans	$	67,954	$	15,222	$	2,302	$	85,478

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, 2019 and December 31, 2018.



	June 30, 2019						December 31, 2018
(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	$	19,655	$	19,586	$	69	$	15,194	$	15,120	$	74
Commercial real estate	26,461		26,461		—		28,426		28,426		—
Construction real estate:
Commercial	2,243		2,243		—		1,866		1,866		—
Mortgage	165		—		165		15		—		15
Installment	66		—		66		28		—		28
Residential real estate:
Commercial	1,874		1,874		—		2,732		2,732		—
Mortgage	24,757		—		24,757		25,992		—		25,992
HELOC	2,752		—		2,752		3,186		—		3,186
Installment	2,134		—		2,134		1,517		—		1,517
Consumer	4,314		—		4,314		4,220		—		4,220
Leases	91		91		—		—		—		—
Total loans	$	84,512	$	50,255	$	34,257	$	83,176	$	48,144	$	35,032

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, 2019 and December 31, 2018.



	June 30, 2019						December 31, 2018
(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	$	8,875	$	8,057	$	—	$	8,999	$	3,713	$	—
Commercial real estate	26,386		26,122		—		26,663		26,213		—
Construction real estate:
Commercial	4,601		1,787		—		4,679		1,866		—
Residential real estate:
Commercial	1,831		1,779		—		2,691		2,374		—
Leases	—		—		—		—		—		—

With an allowance recorded:
Commercial, financial and agricultural	13,666		11,529		2,279		13,736		11,407		2,169
Commercial real estate	339		339		48		2,255		2,213		86
Construction real estate:
Commercial	455		456		3		—		—		—
Residential real estate:
Commercial	95		95		21		358		358		18
Leases	91		91		28		—		—		—
Total	$	56,339	$	50,255	$	2,379	$	59,381	$	48,144	$	2,273

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, 2019 and June 30, 2018:



	Three Months Ended June 30, 2019						Three Months Ended June 30, 2018
(In thousands)	Recorded Investment as of June 30, 2019		Average Recorded Investment		Interest Income Recognized		Recorded Investment as of June 30, 2018		Average Recorded Investment		Interest Income Recognized
Commercial, financial and agricultural	$	19,586	$	16,136	$	90	$	29,943	$	27,637	$	145
Commercial real estate	26,461		30,050		255		26,528		20,711		201
Construction real estate:
Commercial	2,243		2,559		10		2,529		1,510		13
Residential real estate:
Commercial	1,874		1,909		25		2,750		2,653		27
Leases	91		23		—		—		—		—
Total	$	50,255	$	50,677	$	380	$	61,750	$	52,511	$	386



	Six Months Ended June 30, 2019							Six Months Ended June 30, 2018
(In thousands)	Recorded Investment as of June 30, 2019		Average Recorded Investment		Interest Income Recognized			Recorded Investment as of June 30, 2018		Average Recorded Investment		Interest Income Recognized
Commercial, financial and agricultural	$	19,586	$	15,628	$	137	—	$	29,943	$	23,402	$	319
Commercial real estate	26,461		29,209		526		—	26,528		19,519		403
Construction real estate:
Commercial	2,243		2,330		22		—	2,529		1,451		27
Residential real estate:
Commercial	1,874		2,277		45		—	2,750		7,511		58
Leases	91		13		—			—		—		—
Total	$	50,255	$	49,457	$	730	—	$	61,750	$	51,883	$	807

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, 2019 and December 31, 2018 by class of loan.



	June 30, 2019
(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	$	402	$	10,672	$	11,074	$	1,153,378	$	1,164,452
Commercial real estate	3,026		1,565		4,591		1,613,361		1,617,952
Construction real estate:
Commercial	—		1,748		1,748		221,626		223,374
Mortgage	114		301		415		89,292		89,707
Installment	29		—		29		1,963		1,992
Residential real estate:
Commercial	39		811		850		477,495		478,345
Mortgage	9,322		9,574		18,896		1,150,805		1,169,701
HELOC	235		843		1,078		239,263		240,341
Installment	82		337		419		13,004		13,423
Consumer	6,005		1,731		7,736		1,359,588		1,367,324
Leases	—		—		—		31,072		31,072
Total loans	$	19,254	$	27,582	$	46,836	$	6,350,847	$	6,397,683

(1) Includes an aggregate of $2.5 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $41.6 million of nonaccrual loans which were current in regards to contractual principal and interest payments.



	December 31, 2018
(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	$	4,786	$	1,375	$	6,161	$	1,071,228	$	1,077,389
Commercial real estate	780		3,584		4,364		1,283,431		1,287,795
Construction real estate:
Commercial	—		1,635		1,635		174,466		176,101
Mortgage	133		20		153		70,539		70,692
Installment	28		19		47		2,393		2,440
Residential real estate:
Commercial	683		1,104		1,787		429,093		430,880
Mortgage	13,210		8,553		21,763		1,113,742		1,135,505
HELOC	620		907		1,527		214,915		216,442
Installment	155		274		429		13,934		14,363
Consumer	9,524		2,131		11,655		1,284,237		1,295,892
Leases	—		—		—		2,299		2,299
Total loans	$	29,919	$	19,602	$	49,521	$	5,660,277	$	5,709,798

(1) Includes an aggregate of $2.3 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $50.7 million of nonaccrual loans which were 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, 2019 and December 31, 2018 for all commercial loans:



	June 30, 2019
(In thousands)	5 Rated		6 Rated		Nonaccrual and Accruing TDRs		Purchase Credit Impaired ⁽¹⁾		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	13,271	$	555	$	19,655	$	3,836	$	1,127,135	$	1,164,452
Commercial real estate *	9,670		—		26,461		14,055		1,567,766		1,617,952
Construction real estate:
Commercial	100		1		2,243		1,304		219,726		223,374
Residential real estate:
Commercial	1,585		101		1,874		1,964		472,821		478,345
Leases	—		—		91		634		30,347		31,072
Total commercial loans	$	24,626	$	657	$	50,324	$	21,793	$	3,417,795	$	3,515,195

* 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.

(1) Excludes loans acquired with deteriorated credit quality which are nonaccrual or TDRs due to additional credit deterioration or modification post acquisition. These loans had a recorded investment of $890,000 at June 30, 2019.



	December 31, 2018
(In thousands)	5 Rated		6 Rated		Nonaccrual and Accruing TDRs		Purchase Credit Impaired ⁽¹⁾		Pass-Rated		Recorded Investment
Commercial, financial and agricultural *	$	11,509	$	444	$	15,194	$	148	$	1,050,094	$	1,077,389
Commercial real estate *	2,707		—		28,426		3,059		1,253,603		1,287,795
Construction real estate:
Commercial	1,560		—		1,866		503		172,172		176,101
Residential real estate:
Commercial	272		41		2,732		251		427,584		430,880
Leases	—		—		—		—		2,299		2,299
Total Commercial Loans	$	16,048	$	485	$	48,218	$	3,961	$	2,905,752	$	2,974,464

TDR Number Of Contracts Modified And Recorded Investment

The following tables detail the number of contracts modified as TDRs during the three-month periods ended June 30, 2019 and June 30, 2018, as well as the recorded investment of these contracts at June 30, 2019 and June 30, 2018. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically forgive principal.



	Three Months Ended June 30, 2019
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	11	$	1,802	$	642	$	2,444
Commercial real estate	2	—		780		780
Construction real estate:
Commercial	—	—		—		—
Mortgage	1	71		—		71
Installment	—	—		—		—
Residential real estate:
Commercial	1	—		36		36
Mortgage	6	—		374		374
HELOC	5	99		67		166
Installment	8	365		45		410
Consumer	105	60		903		963
Total loans	139	$	2,397	$	2,847	$	5,244



	Three Months Ended June 30, 2018
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	4	$	123	$	26	$	149
Commercial real estate	3	455		134		589
Construction real estate:
Commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	2	14		—		14
Residential real estate:
Commercial	—	—		—		—
Mortgage	4	93		224		317
HELOC	6	409		43		452
Installment	4	71		4		75
Consumer	85	58		720		778
Total loans	108	$	1,223	$	1,151	$	2,374

Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2019, $0.6 million were on nonaccrual status as of December 31, 2018. Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2018, $5,000 were on nonaccrual status as of December 31, 2017.

The following tables detail the number of contracts modified as TDRs during the six-month periods ended June 30, 2019 and June 30, 2018, as well as the recorded investment of these contracts at June 30, 2019 and June 30, 2018. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically forgive principal.



	Six Months Ended June 30, 2019
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	16	$	1,801	$	1,099	$	2,900
Commercial real estate	4	—		2,995		2,995
Construction real estate:
Commercial	1	456		—		456
Mortgage	1	71		—		71
Installment	—	—		—		—
Residential real estate:
Commercial	1	—		36		36
Mortgage	14	54		619		673
HELOC	8	100		136		236
Installment	16	550		46		596
Consumer	174	60		1,159		1,219
Total loans	235	$	3,092	$	6,090	$	9,182



	Six Months Ended June 30, 2018
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	8	$	123	$	70	$	193
Commercial real estate	6	455		265		720
Construction real estate:
Commercial	1	—		—		—
Mortgage	—	—		—		—
Installment	2	14		—		14
Residential real estate:
Commercial	—	—		—		—
Mortgage	13	93		868		961
HELOC	8	661		130		791
Installment	9	104		17		121
Consumer	135	61		906		967
Total loans	182	$	1,511	$	2,256	$	3,767

Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2019, $1.3 million were on nonaccrual status as of December 31, 2018. Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2018, $0.4 million were on nonaccrual status as of December 31, 2017.

Recorded Investment In Financing Receivable Modified As TDR Within 12 Months

The following tables present the recorded investment in loans 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, 2019 and June 30, 2018, 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, 2019			Three Months Ended June 30, 2018
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	6	$	91	3	$	144
Commercial real estate	—	—		—	—
Construction real estate:
Commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	—	—		—	—
Mortgage	5	345		6	600
HELOC	5	67		1	88
Installment	2	67		—	—
Consumer	61	674		42	403
Leases	—	—		—	—
Total loans	79	$	1,244	52	$	1,235

Of the $1.2 million in modified TDRs which defaulted during the three-month period ended June 30, 2019, $30,000 were accruing loans and $1.2 million were nonaccrual loans. Of the $1.2 million in modified TDRs which defaulted during the three-month period ended June 30, 2018, $21,000 were accruing loans and $1.2 million were nonaccrual loans.



	Six Months Ended June 30, 2019			Six Months Ended June 30, 2018
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	160	3	$	144
Commercial real estate	—	—		—	—
Construction real estate:
Commercial	—	—		—	—
Mortgage	—	—		—	—
Installment	—	—		—	—
Residential real estate:
Commercial	—	—		—	—
Mortgage	7	382		7	703
HELOC	5	67		1	88
Installment	2	67		—	—
Consumer	69	720		47	445
Leases	—	—		—	—
Total loans	90	$	1,396	58	$	1,380

Of the $1.4 million in modified TDRs which defaulted during the six-month period ended June 30, 2019, $30,000 were accruing loans and $1.4 million were nonaccrual loans. Of the $1.4 million in modified TDRs which defaulted during the six-month period ended June 30, 2018, $21,000 were accruing loans and $1.4 million were nonaccrual loans.