Loans (Tables)

12 Months Ended

Dec. 31, 2021

Loans and Leases Receivable Disclosure [Abstract]

Schedule of composition of loan portfolio by class of loan

The composition of the loan portfolio at December 31, 2021 and December 31, 2020 was as follows:

	December 31, 2021		December 31, 2020
(In thousands)	Amortized Cost		Amortized Cost		Accrued Interest Receivable		Recorded Investment
Commercial, financial and agricultural: (1)			1,588,989		$	6,528	$	1,595,517
Commercial, financial and agricultural (1)	$	1,223,079	(2)		(2)		(2)
PPP loans	74,420		(2)		(2)		(2)
Overdrafts	1,127		(2)		(2)		(2)
Commercial real estate (1)	1,801,792		1,748,189		$	6,017	$	1,754,206
Construction real estate:
Commercial	214,561		226,991		$	572	$	227,563
Retail	107,225		116,430		$	235	$	116,665
Residential real estate:
Commercial	533,802		526,222		$	1,161	$	527,383
Mortgage	1,033,658		1,096,358		$	947	$	1,097,305
HELOC	165,605		182,028		$	647	$	182,675
Installment	5,642		8,436		$	22	$	8,458
Consumer:			1,659,704		$	4,510	$	1,664,214
Consumer	1,685,793		(2)		(2)		(2)
GFSC	1,793		(2)		(2)		(2)
Check loans	2,093		(2)		(2)		(2)
Leases	20,532		24,438		$	14	$	24,452
Total	$	6,871,122	$	7,177,785	$	20,653	$	7,198,438
Allowance for credit losses	(83,197)		(85,675)
Net loans	$	6,787,925	$	7,092,110

(1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that were not broken out by class.

(2) Results for reporting periods beginning after January 1, 2021 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable U.S. GAAP. Category was not broken out as a separate class at December 31, 2020.

Schedule of recorded investment in nonaccrual restructured and loans past due 90 days or more and accruing

The following table presents the amortized cost of nonaccrual loans, accruing TDRs, and loans past due 90 days or more and still accruing, by class of loan, at December 31, 2021:

	December 31, 2021
(In thousands)	Nonaccrual Loans		Accruing TDRs		Loans Past Due 90 Days  or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	13,271	$	9,396	$	—	$	22,667
PPP loans	—		—		793		793
Overdrafts	—		—		—		—
Commercial real estate	40,142		7,713		—		47,855
Construction real estate:
Commercial	52		169		—		221
Retail	716		9		—		725
Residential real estate:
Commercial	2,366		240		—		2,606
Mortgage	11,718		7,779		372		19,869
HELOC	1,590		803		—		2,393
Installment	82		1,508		—		1,590
Consumer:
Consumer	1,518		700		431		2,649
GFSC	79		6		11		96
Check loans	—		—		—		—
Leases	1,188		—		—		1,188
Total loans	$	72,722	$	28,323	$	1,607	$	102,652

The following table presents the recorded investment in nonaccrual loans, accruing TDRs, and loans past due 90 days or more and still accruing, by class of loan, at December 31, 2020:

	December 31, 2020
(In thousands)	Nonaccrual Loans		Accruing TDRs		Loans Past Due 90 Days or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural	$	23,261	5,619		$	—	$	28,880
Commercial real estate	67,426		2,931		377		70,734
Construction real estate:
Commercial	3,110		—		—		3,110
Mortgage	14		31		—		45
Residential real estate:
Commercial	4,304		253		—		4,557
Mortgage	14,016		8,400		416		22,832
HELOC	1,286		909		77		2,272
Installment	184		1,728		—		1,912
Consumer	2,172		1,017		724		3,913
Leases	1,595		—		—		1,595
Total loans	$	117,368	$	20,888	$	1,594	$	139,850

Financing Receivable, Nonaccrual

The following table provides additional detail on nonaccrual loans and the related ACL, by class of loan, at December 31, 2021:

	December 31, 2021
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	11,494		1,777		1,343
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	39,151		991		188
Construction real estate:
Commercial	52		—		—
Retail	—		716		67
Residential real estate:
Commercial	2,366		—		—
Mortgage	—		11,718		73
HELOC	—		1,590		99
Installment	—		82		24
Consumer
Consumer	—		1,518		393
GFSC	—		79		10
Check loans	—		—		—
Leases	914		274		43
Total loans	$	53,977	$	18,745	$	2,240

Schedule of loans individually evaluated for impairment by class of loan

The following table presents loans individually evaluated for impairment by class of loan as of December 31, 2020:

	December 31, 2020
(In thousands)	Unpaid Principal Balance		Recorded Investment		ACL Allocated
With no related allowance recorded
Commercial, financial and agricultural	23,316		22,970		—
Commercial real estate	63,639		63,467		—
Construction real estate:
Commercial	3,110		3,110		—
Residential real estate:
Commercial	4,522		4,448		—
Leases	568		568		—
With an allowance recorded
Commercial, financial and agricultural	5,881		5,866		3,758
Commercial real estate	6,890		6,890		1,316
Construction real estate:
Commercial	—		—		—
Residential real estate:
Commercial	109		109		16
Leases	1,027		1,027		344
Total	$	109,062	$	108,455	$	5,434

The following table provides the amortized cost basis of collateral-dependent loans by class of loan, as of December 31, 2021:

	December 31, 2021
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	9,321	$	13,366	$	156	$	22,843
Commercial real estate	52,901		37		—		52,938
Construction real estate:
Commercial	1,178		—		—		1,178
Residential real estate:
Commercial	2,906		—		57		2,963
Mortgage	370		—		—		370
HELOC	148		—		—		148
Leases	—		1,211		—		1,211
Total loans	$	66,824	$	14,614	$	213	$	81,651

Interest income on nonaccrual loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment in the loans. Interest income on accruing TDRs individually evaluated for impairment continues to be recorded on an accrual basis. The following table presents interest income recognized on nonaccrual loans for the year ended December 31, 2021:

	Interest Income Recognized
(In thousands)		December 31, 2021
Commercial, financial and agricultural:
Commercial, financial and agricultural		$	180
PPP loans		—
Overdrafts		—
Commercial real estate		1,844
Construction real estate:
Commercial		39
Retail		4
Residential real estate:
Commercial		204
Mortgage		301
HELOC		17
Installment		2
Consumer:
Consumer		92
GFSC		14
Check loans
Leases		73
Total loans		$	2,770

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 years ended December 31, 2020 and 2019:

	December 31, 2020						December 31, 2019
(In thousands)	Recorded Investment		Average Recorded Investment		Interest Income Recognized		Recorded Investment		Average Recorded Investment		Interest Income Recognized
Commercial, financial and agricultural	$	28,836	$	30,280	$	735	$	33,088	$	21,415	$	527
Commercial real estate	70,357		55,279		1,890		41,791		32,132		1,241
Construction real estate:
Commercial	3,110		1,291		50		453		1,987		26
Residential real estate:
Commercial	4,557		4,329		204		2,025		2,175		99
Consumer	—		—		—		—		—		—
Leases	1,595		1,115		—		134		59		—
Total	$	108,455	$	92,294	$	2,879	$	77,491	$	57,768	$	1,893

Financing Receivable, Past Due

The following table presents the aging of the amortized cost in past due loans at December 31, 2021 by class of loan:

	December 31, 2021
(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  Amortized Cost
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	2,908	$	9,547	$	12,455	$	1,210,624	$	1,223,079
PPP loans	242		793		1,035		73,385		74,420
Overdrafts	—		—		—		1,127		1,127
Commercial real estate	65		1,461		1,526		1,800,266		1,801,792
Construction real estate:
Commercial	—		—		—		214,561		214,561
Retail	346		660		1,006		106,219		107,225
Residential real estate:
Commercial	283		438		721		533,081		533,802
Mortgage	6,170		5,933		12,103		1,021,555		1,033,658
HELOC	565		1,011		1,576		164,029		165,605
Installment	49		31		80		5,562		5,642
Consumer:
Consumer	2,614		618		3,232		1,682,561		1,685,793
GFSC	153		52		205		1,588		1,793
Check loans	10		—		10		2,083		2,093
Leases	60		526		586		19,946		20,532
Total loans	$	13,465	$	21,070	$	34,535	$	6,836,587	$	6,871,122

(1) Includes an aggregate of $1.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $53.3 million of nonaccrual loans which were current in regards to contractual principal and interest payments.

The following table presents the aging of the recorded investment in past due loans at December 31, 2020 by class of loan:

	December 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	$	7,372	$	13,968	$	21,340	$	1,574,177	$	1,595,517
Commercial real estate	82		972		1,054		1,753,152		1,754,206
Construction real estate:
Commercial	—		39		39		227,524		227,563
Mortgage	77		—		77		115,647		115,724
Installment	12		—		12		929		941
Residential real estate:
Commercial	17		493		510		526,873		527,383
Mortgage	9,538		7,814		17,352		1,079,953		1,097,305
HELOC	805		810		1,615		181,060		182,675
Installment	67		71		138		8,320		8,458
Consumer	5,496		1,213		6,709		1,657,505		1,664,214
Leases	186		984		1,170		23,282		24,452
Total loans	$	23,652	$	26,364	$	50,016	$	7,148,422	$	7,198,438

(1) Includes an aggregate of $1.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $92.6 million of nonaccrual loans which were current in regards to contractual principal and interest payments.

Financing Receivable Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans as of December 31, 2021 follows:

December 31, 2021	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2021	2020	2019	2018	2017	Prior	Revolving Loans Amortized Cost Basis	Total
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass	267,016	208,078	100,736	52,705	36,528	59,909	468,749	1,193,721
Special Mention	1,608	1,592	429	59	277	—	11,986	15,951
Substandard	106	906	401	1,345	549	7,818	484	11,609
Doubtful	—	30	465	227	463	125	488	1,798
Total	268,730	210,606	102,031	54,336	37,817	67,852	481,707	1,223,079

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	69,588	$	4,832	$	—	$	—	$	—	$	—	$	—	$	74,420
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	69,588	$	4,832	$	—	$	—	$	—	$	—	$	—	$	74,420

Commercial real estate (1)
Risk rating
Pass	376,468	445,780	263,786	154,637	115,571	317,371	14,890	1,688,503
Special Mention	786	6,206	32,965	9,354	4,297	17,829	996	72,433
Substandard	3,897	2,578	1,385	11,373	5,967	14,541	450	40,191
Doubtful	—	—	—	—	47	618	—	665
Total	381,151	454,564	298,136	175,364	125,882	350,359	16,336	1,801,792

Construction real estate: Commercial
Risk rating
Pass	96,929	76,867	7,003	4,841	1,856	3,412	22,444	213,352
Special Mention	202	—	—	691	—	—	—	893
Substandard	—	52	—	264	—	—	—	316
Doubtful	—	—	—	—	—	—	—	—
Total	97,131	76,919	7,003	5,796	1,856	3,412	22,444	214,561

Residential Real Estate: Commercial
Risk rating
Pass	138,801	165,202	67,921	44,896	26,583	70,434	15,507	529,344
Special Mention	95	884	106	79	—	497	135	1,796
Substandard	735	22	691	41	95	993	29	2,606
Doubtful	56	—	—	—	—	—	—	56
Total	139,687	166,108	68,718	45,016	26,678	71,924	15,671	533,802

Leases
Risk rating
Pass	6,705	5,729	2,628	2,151	705	845	—	18,763
Special Mention	198	111	184	67	21	—	—	581
Substandard	—	698	—	23	19	78	—	818
Doubtful	—	—	332	16	22	—	—	370
Total	6,903	6,538	3,144	2,257	767	923	—	20,532

December 31, 2021	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2021	2020	2019	2018	2017	Prior	Revolving Loans Amortized Cost Basis	Total

Total Commercial Loans
Risk rating
Pass	955,507	906,488	442,074	259,230	181,243	451,971	521,590	3,718,103
Special Mention	2,889	8,793	33,684	10,250	4,595	18,326	13,117	91,654
Substandard	4,738	4,256	2,477	13,046	6,630	23,430	963	55,540
Doubtful	56	30	797	243	532	743	488	2,889
Total	963,190	919,567	479,032	282,769	193,000	494,470	536,158	3,868,186

(1) 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.

The table below presents the recorded investment by loan grade at December 31, 2020 for all commercial loans:

	December 31, 2020
(In thousands)	5 Rated		6 Rated		Nonaccrual and Accruing TDRs		PCI		Pass-Rated		Recorded Investment
Commercial, financial and agricultural (1)	14,638		—		28,880		337		1,551,662		$	1,595,517
Commercial real estate (1)	87,439		117		70,357		7,461		1,588,832		1,754,206
Construction real estate:
Commercial	164		—		3,110		1,002		223,287		227,563
Residential real estate:
Commercial	798		22		4,557		1,510		520,496		527,383
Leases	331		—		1,595		112		22,414		24,452
Total Commercial Loans	$	103,370	$	139	$	108,499	$	10,422	$	3,906,691	$	4,129,121

(1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that were not broken out by class.

Park considers the performance of the loan portfolio and its impact on the allowance for credit losses. For residential and consumer loan classes, Park also evaluates credit quality based on the aging status of the loan, which was previously presented, and by performing status. The following tables present the amortized cost in residential and consumer loans based on performing status. Park defines a loan as nonperforming if it is on nonaccrual status, designated as an accruing TDR, or is greater than 90 days past due and accruing.

December 31, 2021	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2021	2020	2019	2018	2017	Prior	Revolving Loans Amortized Cost Basis	Total
Commercial, financial and agricultural: Overdrafts
Performing	1,127	—	—	—	—	—	—	1,127
Nonperforming	—	—	—	—	—	—	—	—
Total	1,127	—	—	—	—	—	—	1,127

Construction Real Estate: Retail
Performing	68,374	26,247	5,710	2,743	1,505	1,842	79	106,500
Nonperforming	—	647	57	—	—	21	—	725
Total	68,374	26,894	5,767	2,743	1,505	1,863	79	107,225

Residential Real Estate: Mortgage
Performing	230,299	217,022	114,077	68,774	59,939	323,678	—	1,013,789
Nonperforming	—	626	785	824	574	17,060	—	19,869
Total	230,299	217,648	114,862	69,598	60,513	340,738	—	1,033,658

Residential Real Estate: HELOC
Performing	400	—	121	58	41	2,640	159,952	163,212
Nonperforming	89	40	—	37	90	1,811	326	2,393
Total	489	40	121	95	131	4,451	160,278	165,605

Residential Real Estate: Installment
Performing	—	3	418	111	1,049	2,471	—	4,052
Nonperforming	—	12	5	26	78	1,469	—	1,590
Total	—	15	423	137	1,127	3,940	—	5,642

Consumer: Consumer
Performing	649,638	505,555	259,230	119,222	64,699	62,136	22,664	1,683,144
Nonperforming	241	506	755	399	155	593	—	2,649
Total	649,879	506,061	259,985	119,621	64,854	62,729	22,664	1,685,793

Consumer: GFSC
Performing	—	243	986	292	63	5	108	1,697
Nonperforming	—	9	73	5	9	—	—	96
Total	—	252	1,059	297	72	5	108	1,793

Consumer: Check loans
Performing	—	—	—	—	—	—	2,093	2,093
Nonperforming	—	—	—	—	—	—	—	—
Total	—	—	—	—	—	—	2,093	2,093

Total Consumer Loans
Performing	949,838	749,070	380,542	191,200	127,296	392,772	184,896	2,975,614
Nonperforming	330	1,840	1,675	1,291	906	20,954	326	27,322
Total	950,168	750,910	382,217	192,491	128,202	413,726	185,222	3,002,936

Schedule of troubled debt restructurings on financing receivables

The following tables detail the number of contracts modified as TDRs during the years ended December 31, 2021, 2020 and 2019 as well as the amortized cost/ recorded investment of these contracts at December 31, 2021, 2020, and 2019. The amortized cost/ recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically forgive principal.

	Year ended December 31, 2021
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Amortized Cost
Commercial, financial and agricultural
Commercial, financial and agricultural	10	$	1,356	$	169	$	1,525
PPP loans	—	—		—		—
Overdrafts	—	—		—		—
Commercial real estate	15	2,002		6,747		8,749
Construction real estate:
Commercial	1	—		—		—
Retail	2	—		705		705
Residential real estate:
Commercial	5	95		574		669
Mortgage	14	146		396		542
HELOC	8	211		105		316
Installment	8	120		—		120
Consumer:
Consumer	131	116		417		533
GFSC	—	—		—		—
Check loans	—	—		—		—
Leases	1	—		325		325
Total loans	195	$	4,046	$	9,438	$	13,484

	Year ended December 31, 2020
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Recorded Investment
Commercial, financial and agricultural	12	$	107	$	3,706	$	3,813
Commercial real estate	9	—		3,235		3,235
Construction real estate:
Commercial	—	—		—		—
Mortgage	1	26		—		26
Installment	1	—		14		14
Residential real estate:
Commercial	3	153		3		156
Mortgage	27	888		1,068		1,956
HELOC	7	14		52		66
Installment	18	163		65		228
Consumer	214	218		634		852
Total loans	292	$	1,569	$	8,777	$	10,346

	Year ended December 31, 2019
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Recorded Investment
Commercial, financial and agricultural	30	$	6,040	$	7,821	$	13,861
Commercial real estate	8	415		7,855		8,270
Construction real estate:
Commercial	3	—		415		415
Mortgage	2	77		—		77
Installment	—	—		—		—
Residential real estate:
Commercial	3	—		100		100
Mortgage	21	535		589		1,124
HELOC	18	126		234		360
Installment	34	1,047		28		1,075
Consumer	324	225		1,166		1,391
Total loans	443	$	8,465	$	18,208	$	26,673

Schedule Of Financing Receivable, Loans Modified As T D R Within Previous Twelve Months That Subsequently Defaulted [Table text Block]

The following table presents the amortized cost/ 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 year ended December 31, 2021, December 31, 2020, and December 31, 2019. For this table, a loan is considered to be in default when it becomes 30 days

contractually past due under the modified terms. The additional allowance for credit loss resulting from the defaults on TDR loans was immaterial.

	Year ended December 31, 2021			Year ended December 31, 2020			Year ended December 31, 2019
(In thousands)	Number of Contracts	Amortized Cost		Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural:				4	$	2,776	1	$	20
Commercial, financial and agricultural	—	$	—	(1)	(1)		(1)	(1)
PPP loans	—	—		(1)	(1)		(1)	(1)
Overdrafts	—	—		(1)	(1)		(1)	(1)
Commercial real estate	—	—		1	223		—	—
Construction real estate:
Commercial	—	—		—	—		—	—
Retail	1	648		1	14		—	—
Residential real estate:
Commercial	—	—		1	3		—	—
Mortgage	4	280		11	993		7	665
HELOC	2	135		—	—		6	141
Installment	1	27		3	32		—	—
Consumer				34	360		56	539
Consumer	14	169		(1)	(1)		(1)	(1)
GFSC	—	—		(1)	(1)		(1)	(1)
Check loans	—	—		(1)	(1)		(1)	(1)
Leases	—	—		—	—		—	—
Total loans	22	$	1,259	55	$	4,401	70	$	1,365

(1) Results for reporting periods beginning after January 1, 2021 are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable U.S. GAAP. Category was not broken out as a separate class at December 31, 2020.