Loans (Tables)

9 Months Ended

Sep. 30, 2022

Loans and Leases Receivable Disclosure [Line Items]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio at September 30, 2022 and December 31, 2021 was as follows:

 

	September 30, 2022		December 31, 2021
(In thousands)	Amortized Cost		Amortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)	$	1,270,321	$	1,223,079
PPP loans	5,715		74,420
Overdrafts	1,957		1,127
Commercial real estate (1)	1,790,801		1,801,792
Construction real estate:
Commercial	200,580		214,561
Retail	111,127		107,225
Residential real estate:
Commercial	532,921		533,802
Mortgage	1,057,204		1,033,658
HELOC	166,989		165,605
Installment	4,251		5,642
Consumer:
Consumer	1,938,913		1,685,793
GFSC	452		1,793
Check loans	2,144		2,093
Leases	19,871		20,532
Total	$	7,103,246	$	6,871,122
Allowance for credit losses	(83,961)		(83,197)
Net loans	$	7,019,285	$	6,787,925

(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.

Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing

The following tables present the amortized cost of nonaccrual loans, accruing TDRs, and loans past due 90 days or more and still accruing, by class of loan, at September 30, 2022 and December 31, 2021:

 

	September 30, 2022
(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	$	10,736	$	1,478	$	30	$	12,244
PPP loans	—		—		8		8
Overdrafts	—		—		—		—
Commercial real estate	18,866		9,068		—		27,934
Construction real estate:
Commercial	439		—		—		439
Retail	10		4		—		14
Residential real estate:
Commercial	1,725		430		—		2,155
Mortgage	9,579		7,084		407		17,070
HELOC	1,172		197		—		1,369
Installment	67		1,009		4		1,080
Consumer:
Consumer	969		561		335		1,865
GFSC	14		—		6		20
Check loans	—		—		—		—
Leases	1,035		—		—		1,035
Total loans	$	44,612	$	19,831	$	790	$	65,233

	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

Financing Receivable, Nonaccrual

The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at September 30, 2022 and December 31, 2021:

	September 30, 2022
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	9,982	$	754	$	507
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	15,288		3,578		1,152
Construction real estate:
Commercial	439		—		—
Retail	—		10		1
Residential real estate:
Commercial	1,725		—		—
Mortgage	—		9,579		78
HELOC	125		1,047		88
Installment	—		67		17
Consumer
Consumer	—		969		409
GFSC	—		14		1
Check loans	—		—		—
Leases	943		92		18
Total loans	$	28,502	$	16,110	$	2,271

	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	$	53,977	$	18,745	$	2,240

Schedule of impaired financing receivables additional info

The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, as of September 30, 2022 and December 31, 2021:

	September 30, 2022
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,716	$	3,318	$	225	$	12,259
Commercial real estate	31,436		30		—		31,466
Construction real estate:
Commercial	1,107		—		—		1,107
Residential real estate:
Commercial	2,452		—		—		2,452
Mortgage	94		—		—		94
HELOC	124		—		—		124
Leases	—		1,035		—		1,035
Total loans	$	43,929	$	4,383	$	225	$	48,537

	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. The following table presents interest income recognized on nonaccrual loans for the three-month and the nine-month periods ended September 30, 2022 and 2021:

	Interest Income Recognized
(In thousands)	Three Months Ended September 30, 2022		Three Months Ended September 30, 2021		Nine Months Ended September 30, 2022		Nine Months Ended September 30, 2021
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	15	$	40	$	45	$	147
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	237		458		751		1,480
Construction real estate:
Commercial	6		1		10		38
Retail	—		—		4		1
Residential real estate:
Commercial	24		60		64		180
Mortgage	43		90		112		233
HELOC	5		2		11		12
Installment	1		—		3		2
Consumer:
Consumer	14		23		42		71
GFSC	1		3		4		11
Check loans	—		—		—		—
Leases	9		17		33		61
Total loans	$	355	$	694	$	1,079	$	2,236

Financing Receivable, Past Due

The following tables present the aging of the amortized cost in past due loans at September 30, 2022 and December 31, 2021 by class of loan:

	September 30, 2022
(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	$	1,356	$	9,303	$	10,659	$	1,259,662	$	1,270,321
PPP loans	780		8		788		4,927		5,715
Overdrafts	—		—		—		1,957		1,957
Commercial real estate	574		516		1,090		1,789,711		1,790,801
Construction real estate:
Commercial	158		—		158		200,422		200,580
Retail	—		—		—		111,127		111,127
Residential real estate:
Commercial	9		362		371		532,550		532,921
Mortgage	6,986		5,450		12,436		1,044,768		1,057,204
HELOC	282		631		913		166,076		166,989
Installment	46		7		53		4,198		4,251
Consumer:
Consumer	4,498		477		4,975		1,933,938		1,938,913
GFSC	46		10		56		396		452
Check loans	5		—		5		2,139		2,144
Leases	38		166		204		19,667		19,871
Total loans	$	14,778	$	16,930	$	31,708	$	7,071,538	$	7,103,246

(1) Includes an aggregate of $790,000 of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $28.5 million of nonaccrual loans which were current in regards to contractual principal and interest payments.

	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.

Financing Receivable Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans as of September 30, 2022 and December 31, 2021 were as follows:

September 30, 2022	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass	$	146,540	$	221,469	$	166,613	$	68,641	$	36,924	$	62,427	$	523,166	$	1,225,780
Special Mention	622		1,554		1,076		613		38		92		27,378		31,373
Substandard	277		20		2,189		108		1,384		7,838		669		12,485
Doubtful	—		—		7		99		99		273		205		683
Total	$	147,439	$	223,043	$	169,885	$	69,461	$	38,445	$	70,630	$	551,418	$	1,270,321

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	—	$	3,162	$	2,553	$	—	$	—	$	—	$	—	$	5,715
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	—	$	3,162	$	2,553	$	—	$	—	$	—	$	—	$	5,715

Commercial real estate (1)
Risk rating
Pass	$	271,557	$	379,993	$	389,071	$	228,751	$	112,182	$	327,854	$	14,433	$	1,723,841
Special Mention	397		757		3,934		6,821		13,830		22,311		—		48,050
Substandard	413		1,292		1,043		1,549		4,293		6,596		150		15,336
Doubtful	—		—		—		—		2,966		608		—		3,574
Total	$	272,367	$	382,042	$	394,048	$	237,121	$	133,271	$	357,369	$	14,583	$	1,790,801

Construction real estate: Commercial
Risk rating
Pass	$	69,238	$	55,895	$	30,411	$	3,019	$	3,194	$	3,400	$	34,080	$	199,237
Special Mention	—		—		236		—		—		—		—		236
Substandard	—		132		307		—		668		—		—		1,107
Doubtful	—		—		—		—		—		—		—		—
Total	$	69,238	$	56,027	$	30,954	$	3,019	$	3,862	$	3,400	$	34,080	$	200,580

Residential Real Estate: Commercial
Risk rating
Pass	$	77,551	$	125,411	$	144,603	$	58,862	$	35,700	$	69,669	$	15,341	$	527,137
Special Mention	—		93		1,491		698		—		1,356		146		3,784
Substandard	195		464		321		32		309		679		—		2,000
Doubtful	—		—		—		—		—		—		—		—
Total	$	77,746	$	125,968	$	146,415	$	59,592	$	36,009	$	71,704	$	15,487	$	532,921

September 30, 2022	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Leases
Risk rating
Pass	$	6,869	$	4,275	$	3,996	$	1,529	$	1,209	$	853	$	—	$	18,731
Special Mention	105		—		—		—		—		—		—		105
Substandard	34		—		533		122		13		33		—		735
Doubtful	74		91		26		108		—		1		—		300
Total	$	7,082	$	4,366	$	4,555	$	1,759	$	1,222	$	887	$	—	$	19,871

Total Commercial Loans
Risk rating
Pass	$	571,755	$	790,205	$	737,247	$	360,802	$	189,209	$	464,203	$	587,020	$	3,700,441
Special Mention	1,124		2,404		6,737		8,132		13,868		23,759		27,524		83,548
Substandard	919		1,908		4,393		1,811		6,667		15,146		819		31,663
Doubtful	74		91		33		207		3,065		882		205		4,557
Total	$	573,872	$	794,608	$	748,410	$	370,952	$	212,809	$	503,990	$	615,568	$	3,820,209

(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.

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

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
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

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.

September 30, 2022	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Overdrafts
Performing	$	1,957	$	—	$	—	$	—	$	—	$	—	$	—	$	1,957
Nonperforming	—		—		—		—		—		—		—		—
Total	$	1,957	$	—	$	—	$	—	$	—	$	—	$	—	$	1,957

Construction Real Estate: Retail
Performing	$	49,821	$	43,035	$	9,093	$	4,751	$	1,746	$	2,591	$	76	$	111,113
Nonperforming	—		—		—		—		—		14		—		14
Total	$	49,821	$	43,035	$	9,093	$	4,751	$	1,746	$	2,605	$	76	$	111,127

Residential Real Estate: Mortgage
Performing	$	168,168	$	217,090	$	197,891	$	93,470	$	57,037	$	306,478	$	—	$	1,040,134
Nonperforming	—		—		357		564		578		15,571		—		17,070
Total	$	168,168	$	217,090	$	198,248	$	94,034	$	57,615	$	322,049	$	—	$	1,057,204

Residential Real Estate: HELOC
Performing	$	—	$	312	$	24	$	112	$	117	$	2,118	$	162,937	$	165,620
Nonperforming	—		—		45		—		—		1,156		168		1,369
Total	$	—	$	312	$	69	$	112	$	117	$	3,274	$	163,105	$	166,989

Residential Real Estate: Installment
Performing	$	78	$	—	$	2	$	271	$	68	$	2,752	$	—	$	3,171
Nonperforming	—		—		8		3		19		1,050		—		1,080
Total	$	78	$	—	$	10	$	274	$	87	$	3,802	$	—	$	4,251

Consumer: Consumer
Performing	$	731,330	$	501,209	$	366,792	$	171,775	$	71,891	$	77,727	$	16,324	$	1,937,048
Nonperforming	109		318		349		336		200		553		—		1,865
Total	$	731,439	$	501,527	$	367,141	$	172,111	$	72,091	$	78,280	$	16,324	$	1,938,913

Consumer: GFSC
Performing	$	—	$	—	$	81	$	213	$	70	$	7	$	61	$	432
Nonperforming	—		—		—		17		—		3		—		20
Total	$	—	$	—	$	81	$	230	$	70	$	10	$	61	$	452

Consumer: Check loans
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	2,144	$	2,144
Nonperforming	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	2,144	$	2,144

Total Consumer Loans
Performing	$	951,354	$	761,646	$	573,883	$	270,592	$	130,929	$	391,673	$	181,542	$	3,261,619
Nonperforming	109		318		759		920		797		18,347		168		21,418
Total	$	951,463	$	761,964	$	574,642	$	271,512	$	131,726	$	410,020	$	181,710	$	3,283,037

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

Recorded Investment By Loan Grade

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 September 30, 2022 and 2021, as well as the amortized cost of these contracts at September 30, 2022 and 2021. The amortized cost pre-and post-modification is generally the same due to the fact that Park does not typically forgive principal.

	Three Months Ended September 30, 2022
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Amortized Cost
Commercial, financial and agricultural
Commercial, financial and agricultural	4	$	227	$	511	$	738
PPP loans	—	—		—		—
Overdrafts	—	—		—		—
Commercial real estate	1	31		—		31
Construction real estate:
Commercial	—	—		—		—
Retail	—	—		—		—
Residential real estate:
Commercial	1	146		—		146
Mortgage	3	545		120		665
HELOC	1	—		10		10
Installment	2	—		29		29
Consumer:
Consumer	21	3		169		172
GFSC	—	—		—		—
Check loans	—	—		—		—
Leases	10	—		115		115
Total loans	43	$	952	$	954	$	1,906

	Three Months Ended September 30, 2021
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Amortized Cost
Commercial, financial and agricultural
Commercial, financial and agricultural	5	$	383	$	868	$	1,251
PPP loans	—	—		—		—
Overdrafts	—	—		—		—
Commercial real estate	5	—		5,053		5,053
Construction real estate:
Commercial	—	—		—		—
Retail	—	—		—		—
Residential real estate:
Commercial	2	96		125		221
Mortgage	3	—		102		102
HELOC	1	33		—		33
Installment	1	55		—		55
Consumer:
Consumer	28	15		250		265
GFSC	—	—		—		—
Check loans	—	—		—		—
Leases	—	—		—		—
Total loans	45	$	582	$	6,398	$	6,980

Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2022, $0.2 million were on nonaccrual status at December 31, 2021. Of those loans which were modified and determined to be a TDR during the three-month period ended September 30, 2021, $4.5 million were on nonaccrual status at December 31, 2020.

The following tables detail the number of contracts modified as TDRs during the nine-month periods ended September 30, 2022 and 2021, as well as the amortized cost of these contracts at September 30, 2022 and 2021. The amortized cost pre-and post-modification is generally the same due to the fact that Park does not typically forgive principal.

	Nine Months Ended September 30, 2022
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Amortized Cost
Commercial, financial and agricultural
Commercial, financial and agricultural	6	$	227	$	511	$	738
PPP loans	—	—		—		—
Overdrafts	—	—		—		—
Commercial real estate	6	1,090		150		1,240
Construction real estate:
Commercial	—	—		—		—
Retail	—	—		—		—
Residential real estate:
Commercial	2	146		104		250
Mortgage	11	870		222		1,092
HELOC	3	—		29		29
Installment	9	48		38		86
Consumer:
Consumer	62	13		315		328
GFSC	—	—		—		—
Check loans	—	—		—		—
Leases	10	—		115		115
Total loans	109	$	2,394	$	1,484	$	3,878

	Nine Months Ended September 30, 2021
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Amortized Cost
Commercial, financial and agricultural
Commercial, financial and agricultural	9	$	383	$	899	$	1,282
PPP loans	—	—		—		—
Overdrafts	—	—		—		—
Commercial real estate	13	1,571		6,137		7,708
Construction real estate:
Commercial	1	98		—		98
Retail	—	—		—		—
Residential real estate:
Commercial	5	96		528		624
Mortgage	13	148		377		525
HELOC	5	80		106		186
Installment	7	93		27		120
Consumer:
Consumer	104	137		379		516
GFSC	—	—		—		—
Check loans	—	—		—		—
Leases	1	—		351		351
Total loans	158	$	2,606	$	8,804	$	11,410

Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2022, $0.7 million were on nonaccrual status at December 31, 2021. Of those loans which were modified and determined to be a TDR during the nine-month period ended September 30, 2021, $6.1 million were on nonaccrual status at December 31, 2020.

Recorded Investment In Financing Receivable Modified As TDR Within 12 Months

The following table presents the amortized cost 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 September 30, 2022 and 2021, respectively. 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 ACL resulting from the defaults on TDR loans was immaterial.

 

	Three Months Ended September 30, 2022			Three Months Ended September 30, 2021
(In thousands)	Number of Contracts	Amortized Cost		Number of Contracts	Amortized Cost
Commercial, financial and agricultural:
Commercial, financial and agricultural	1	$	3	—	$	—
PPP loans	—	—		—	—
Overdrafts	—	—		—	—
Commercial real estate	—	—		—	—
Construction real estate:
Commercial	—	—		—	—
Retail	—	—		—	—
Residential real estate:
Commercial	1	103		—	—
Mortgage	2	110		4	330
HELOC	2	9		1	95
Installment	—	—		1	4
Consumer
Consumer	12	103		15	122
GFSC	—	—		—	—
Check loans	—	—		—	—
Leases	—	—		—	—
Total loans	18	$	328	21	$	551

Of the $0.3 million in modified TDRs which defaulted during the three-month period ended September 30, 2022, $6,000 were accruing loans and $0.3 million were nonaccrual loans. Of the $0.6 million in modified TDRs which defaulted during the three-month period ended September 30, 2021, $29,000 were accruing loans and $0.5 million were nonaccrual loans.

The following table presents the amortized cost in loans which were modified as TDRs within the previous 12 months and for which there was a payment default during the nine-month periods ended September 30, 2022 and 2021, respectively. 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 ACL resulting from the defaults on TDR loans was immaterial.

 

	Nine Months Ended September 30, 2022			Nine Months Ended September 30, 2021
(In thousands)	Number of Contracts	Amortized Cost		Number of Contracts	Amortized Cost
Commercial, financial and agricultural:
Commercial, financial and agricultural	2	$	57	—	$	—
PPP loans	—	—		—	—
Overdrafts	—	—		—	—
Commercial real estate	—	—		—	—
Construction real estate:
Commercial	—	—		—	—
Retail	—	—		—	—
Residential real estate:
Commercial	1	103		—	—
Mortgage	2	110		6	396
HELOC	4	64		1	95
Installment	—	—		2	32
Consumer
Consumer	18	144		16	128
GFSC	—	—		—	—
Check loans	—	—		—	—
Leases	—	—		1	351
Total loans	27	$	478	26	$	1,002

Of the $0.5 million in modified TDRs which defaulted during the nine-month period ended September 30, 2022, $10,000 were accruing loans and $0.5 million were nonaccrual loans. Of the $1.0 million in modified TDRs which defaulted during the nine-month period ended September 30, 2021, $29,000 were accruing loans and $1.0 million were nonaccrual loans.