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Loans (Tables)
3 Months Ended
Mar. 31, 2020
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, at March 31, 2020 and December 31, 2019 was as follows:
 
 March 31, 2020December 31, 2019
(In thousands)Loan
Balance
Accrued
Interest
Receivable
Recorded
Investment
Loan
Balance
Accrued
Interest
Receivable
Recorded
Investment
Commercial, financial and agricultural *$1,202,857  $4,577  $1,207,434  $1,185,110  $4,393  $1,189,503  
Commercial real estate *1,627,426  5,617  1,633,043  1,609,413  5,571  1,614,984  
Construction real estate:      
Commercial232,327  722  233,049  233,637  826  234,463  
Mortgage101,401  243  101,644  96,574  228  96,802  
Installment1,350   1,355  1,488   1,492  
Residential real estate:      
Commercial466,002  1,187  467,189  479,081  1,339  480,420  
Mortgage1,178,621  1,490  1,180,111  1,176,316  1,381  1,177,697  
HELOC220,571  934  221,505  224,766  1,113  225,879  
Installment11,775  31  11,806  12,563  32  12,595  
Consumer1,451,297  4,206  1,455,503  1,452,375  4,314  1,456,689  
Leases28,892  17  28,909  30,081  20  30,101  
Total loans$6,522,519  $19,029  $6,541,548  $6,501,404  $19,221  $6,520,625  
* 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 TDRs, and loans past due 90 days or more and still accruing by class of loan at March 31, 2020 and December 31, 2019:
 
 March 31, 2020
(In thousands)Nonaccrual
Loans
Accruing
TDRs
Loans Past Due
90 Days or More
and Accruing
Total
Nonperforming
Loans
Commercial, financial and agricultural$21,330  $8,224  $18  $29,572  
Commercial real estate43,950  6,197  638  50,785  
Construction real estate:    
Commercial452  —  —  452  
Mortgage18  95  —  113  
Installment—  18  —  18  
Residential real estate:    
Commercial5,581  —  —  5,581  
Mortgage14,383  8,806  636  23,825  
HELOC1,600  997   2,603  
Installment367  2,005   2,376  
Consumer2,544  1,076  366  3,986  
Leases129  —  187  316  
Total loans$90,354  $27,418  $1,855  $119,627  
 
 December 31, 2019
(In thousands)Nonaccrual
Loans
Accruing
TDRs
Loans Past Due
90 Days or More
and Accruing
Total
Nonperforming
Loans
Commercial, financial and agricultural$26,776  $6,349  $28  $33,153  
Commercial real estate39,711  2,080  625  42,416  
Construction real estate:   
Commercial453  —  —  453  
Mortgage25  84  —  109  
Installment72   —  77  
Residential real estate:    
Commercial2,025  —  —  2,025  
Mortgage15,271  8,826  1,209  25,306  
HELOC2,062  1,010  44  3,116  
Installment462  1,964  —  2,426  
Consumer3,089  980  645  4,714  
Leases134  —  186  320  
Total loans$90,080  $21,298  $2,737  $114,115  
Loans Individually And Collectively Evaluated For Impairment
The following table provides additional information regarding those nonaccrual and accruing TDR loans that are individually evaluated for impairment and those collectively evaluated for impairment at March 31, 2020 and December 31, 2019.
 
March 31, 2020December 31, 2019
 
(In thousands)
Nonaccrual and Accruing TDRsLoans Individually Evaluated for ImpairmentLoans Collectively Evaluated for ImpairmentNonaccrual and Accruing TDRsLoans Individually Evaluated for ImpairmentLoans Collectively Evaluated for Impairment
Commercial, financial and agricultural$29,554  $29,542  $12  $33,125  $33,088  $37  
Commercial real estate50,147  50,147  —  41,791  41,791  —  
Construction real estate:
Commercial
452  452  —  453  453  —  
Mortgage
113  —  113  109—  109
Installment
18  —  18  77—  77
Residential real estate:
Commercial
5,581  5,581  —  2,025  2,025  —  
Mortgage
23,189  —  23,189  24,097  —  24,097  
HELOC
2,597  —  2,597  3,072  —  3,072  
Installment
2,372  —  2,372  2,426  —  2,426  
Consumer3,620  —  3,620  4,069  —  4,069  
Leases129  129  —  134  134  —  
Total loans$117,772  $85,851  $31,921  $111,378  $77,491  $33,887  
Loans Individually Evaluated For Impairment By Class Of Loans
The following table presents loans individually evaluated for impairment by class of loan at March 31, 2020 and December 31, 2019.
 
March 31, 2020December 31, 2019
(In thousands)Unpaid Principal BalanceRecorded InvestmentAllowance for Loan Losses AllocatedUnpaid Principal BalanceRecorded InvestmentAllowance for Loan Losses Allocated
With no related allowance recorded
Commercial, financial and agricultural$17,334  $17,137  $—  $21,194  $21,010  $—  
Commercial real estate49,676  49,593  —  41,696  41,471  —  
Construction real estate:
Commercial452  452  —  453  453  —  
Residential real estate:
Commercial5,545  5,478  —  1,921  1,854  —  
Leases—  —  —  —  —  —  
With an allowance recorded
Commercial, financial and agricultural12,586  12,405  5,365  12,289  12,078  5,104  
Commercial real estate554  554  96  320  320  35  
Construction real estate:
Commercial—  —  —  —  —  —  
Residential real estate:
Commercial103  103  25  171  171  42  
Leases129  129  45  134  134  49  
Total$86,379  $85,851  $5,531  $78,178  $77,491  $5,230  
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 months ended March 31, 2020 and 2019:
   Three Months Ended
March 31, 2020
Three Months Ended
March 31, 2019
(In thousands) Recorded Investment at March 31, 2020Average
Recorded
Investment
Interest
Income
Recognized
Recorded Investment at March 31, 2019Average
Recorded
Investment
Interest
Income
Recognized
Commercial, financial and agricultural  $29,542  $31,657  $204  $14,844  $14,924  $47  
Commercial real estate  50,147  44,457  481  31,138  28,851  271  
Construction real estate:  
   Commercial  452  424   2,879  2,239  12  
Residential real estate:  
   Commercial  5,581  2,925  23  2,046  2,588  20  
Leases  129  132  —  —  —  —  
Total  $85,851  $79,595  $712  $50,907  $48,602  $350  
Aging Of Recorded Investment In Past Due Loans
The following tables present the aging of the recorded investment in past due loans at March 31, 2020 and December 31, 2019 by class of loan. 

 March 31, 2020
(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$5,229  $12,515  $17,744  $1,189,690  $1,207,434  
Commercial real estate1,844  1,604  3,448  1,629,595  1,633,043  
Construction real estate:     
Commercial—  25  25  233,024  233,049  
Mortgage176  —  176  101,468  101,644  
Installment30  —  30  1,325  1,355  
Residential real estate:     
Commercial55  1,002  1,057  466,132  467,189  
Mortgage12,786  8,021  20,807  1,159,304  1,180,111  
HELOC490  737  1,227  220,278  221,505  
Installment221  249  470  11,336  11,806  
Consumer5,868  1,096  6,964  1,448,539  1,455,503  
Leases30  187  217  28,692  28,909  
Total loans$26,729  $25,436  $52,165  $6,489,383  $6,541,548  
(1) Includes an aggregate of $1.9 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $66.8 million of nonaccrual loans which were current in regards to contractual principal and interest payments.
 December 31, 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$582  $12,407  $12,989  $1,176,514  $1,189,503  
Commercial real estate160  1,143  1,303  1,613,681  1,614,984  
Construction real estate:    
Commercial—  —  —  234,463  234,463  
Mortgage397  —  397  96,405  96,802  
Installment24  —  24  1,468  1,492  
Residential real estate:     
Commercial—  908  908  479,512  480,420  
Mortgage12,841  9,153  21,994  1,155,703  1,177,697  
HELOC652  779  1,431  224,448  225,879  
Installment164  338  502  12,093  12,595  
Consumer6,561  1,621  8,182  1,448,507  1,456,689  
Leases368  186  554  29,547  30,101  
Total loans$21,749  $26,535  $48,284  $6,472,341  $6,520,625  
(1) Includes an aggregate of $2.7 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
        (2) Includes an aggregate of $66.3 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 March 31, 2020 and December 31, 2019 for all commercial loans:
 
 March 31, 2020
(In thousands)5 Rated6 RatedNonaccrual and Accruing TDRs
Purchase Credit Impaired (1)
Pass-RatedRecorded
Investment
Commercial, financial and agricultural *$11,490  $—  $29,554  $620  $1,165,770  $1,207,434  
Commercial real estate *9,793  186  50,147  9,337  1,563,580  1,633,043  
Construction real estate:
Commercial4,857  —  452  1,032  226,708  233,049  
Residential real estate:
Commercial549  26  5,581  1,583  459,450  467,189  
Leases—  —  129  340  28,440  28,909  
Total commercial loans$26,689  $212  $85,863  $12,912  $3,443,948  $3,569,624  
 * 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) There were no loans acquired with deteriorated credit quality which were nonaccrual or TDRs at March 31, 2020.


 December 31, 2019
(In thousands)5 Rated6 RatedNonaccrual and Accruing TDRs
Purchase Credit Impaired (1)
Pass-RatedRecorded
Investment
Commercial, financial and agricultural *$11,981  $ $33,125  $966  $1,143,428  $1,189,503  
Commercial real estate *6,796  945  41,791  9,182  1,556,270  1,614,984  
Construction real estate:
Commercial4,857   453  1,044  228,108  234,463  
Residential real estate:
Commercial3,839  30  2,025  1,754  472,772  480,420  
Leases—  —  134  523  29,444  30,101  
Total Commercial Loans$27,473  $979  $77,528  $13,469  $3,430,022  $3,549,471  
 * 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 $6,000 at December 31, 2019.
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 March 31, 2020 and March 31, 2019, as well as the recorded investment of these contracts at March 31, 2020 and March 31, 2019. 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
March 31, 2020
(In thousands) Number of
Contracts
AccruingNonaccrualTotal
Recorded
Investment
Commercial, financial and agricultural   $—  $1,094  $1,094  
Commercial real estate   1,136  60  1,196  
Construction real estate:              
  Commercial  —  —  —  —  
  Mortgage   11  —  11  
  Installment   15  —  15  
Residential real estate:              
  Commercial  —  —  —  —  
  Mortgage   111  280  391  
  HELOC   101   110  
  Installment   110  17  127  
Consumer  57  112  352  464  
Total loans  82  $1,596  $1,812  $3,408  

   Three Months Ended
March 31, 2019
(In thousands) Number of
Contracts
AccruingNonaccrualTotal
Recorded
Investment
Commercial, financial and agricultural   $—  $472  $472  
Commercial real estate   —  2,215  2,215  
Construction real estate:              
  Commercial   480  —  480  
  Mortgage  —  —  —  —  
  Installment  —  —  —  —  
Residential real estate:           
  Commercial  —  —  —  —  
  Mortgage   54  510  564  
  HELOC   —  81  81  
  Installment   94  95  189  
Consumer  69  24  535  559  
Total loans  96  $652  $3,908  $4,560  
Of those loans which were modified and determined to be a TDR during the three-month period ended March 31, 2020, $0.3 million were on nonaccrual status at December 31, 2019. Of those loans which were modified and determined to be a TDR during the three-month period ended March 31, 2019, $0.7 million were on nonaccrual status at December 31, 2018.
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 periods ended March 31, 2020 and March 31, 2019, 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
March 31, 2020
Three Months Ended
March 31, 2019
(In thousands)Number of
Contracts
Recorded
Investment
Number of
Contracts
Recorded
Investment
Commercial, financial and agricultural $4,068   $153  
Commercial real estate—  —  —  —  
Construction real estate:    
Commercial—  —  —  —  
Mortgage 77  —  —  
Installment 15  —  —  
Residential real estate:    
Commercial—  —  —  —  
Mortgage 443   68  
HELOC 71   68  
Installment 17   28  
Consumer36  369  40  343  
Leases—  —  —  —  
Total loans 49  $5,060  55  $660  

Of the $5.1 million in modified TDRs which defaulted during the three-month period ended March 31, 2020, $4.5 million were accruing loans and $0.5 million were nonaccrual loans. Of the $0.7 million in modified TDRs which defaulted during the three-month period ended March 31, 2019, $9,000 were accruing loans and $0.7 million were nonaccrual loans.