XML 46 R36.htm IDEA: XBRL DOCUMENT v3.23.2
Loans (Tables)
 6 Months Ended
Jun. 30, 2023
Loans and Leases Receivable Disclosure [Line Items]  
Composition Of Loan Portfolio By Class Of Loan
The composition of the loan portfolio at June 30, 2023 and at December 31, 2022 was as follows:
 
June 30, 2023December 31, 2022
(In thousands)Amortized CostAmortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)
$1,282,329 $1,295,238 
PPP loans3,078 4,206 
Overdrafts1,596 1,489 
Commercial real estate (1)
1,799,440 1,794,054 
Construction real estate:  
Commercial160,344 208,982 
Retail114,362 116,433 
Residential real estate:  
Commercial580,445 550,183 
Mortgage1,133,676 1,075,446 
HELOC167,940 167,151 
Installment4,262 4,091 
Consumer:
Consumer1,940,148 1,902,557 
GFSC65 274 
Check loans2,044 2,150 
Leases18,380 19,637 
Total$7,208,109 $7,141,891 
Allowance for credit losses(87,206)(85,379)
Net loans$7,120,903 $7,056,512 
(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 table presents the amortized cost of nonaccrual loans and loans past due 90 days or more and still accruing, by class of loan, at June 30, 2023.
 
 June 30, 2023
(In thousands)Nonaccrual
Loans		Loans Past Due
90 Days
 or More
and Accruing		Total
Nonperforming
Loans
Commercial, financial and agricultural:
Commercial, financial and agricultural$22,553 $— $22,553 
PPP loans— — — 
Overdrafts— — — 
Commercial real estate17,651 — 17,651 
Construction real estate:   
Commercial987 — 987 
Retail— — — 
Residential real estate:   
Commercial2,331 — 2,331 
Mortgage10,588 550 11,138 
HELOC1,031 — 1,031 
Installment37 — 37 
Consumer:
Consumer1,609 400 2,009 
GFSC6 — 6 
Check loans— — — 
Leases486 — 486 
Total loans$57,279 $950 $58,229 
 
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, 2022:

 December 31, 2022
(In thousands)Nonaccrual
Loans		Accruing
TDRs		Loans Past Due 90 Days or More and AccruingTotal
Nonperforming
Loans
Commercial, financial and agricultural
Commercial, financial and agricultural$38,158 $3,261 $— $41,419 
PPP loans— — 389 389 
Overdrafts— — — — 
Commercial real estate24,504 7,919 — 32,423 
Construction real estate:   
Commercial1,712 — — 1,712 
Retail1,254 12 — 1,266 
Residential real estate:    
Commercial1,894 298 — 2,192 
Mortgage9,260 6,750 182 16,192 
HELOC1,133 187 7 1,327 
Installment51 1,037 — 1,088 
Consumer
Consumer1,012 670 703 2,385 
GFSC10 — — 10 
Check loans— — — — 
Leases708 — — 708 
Total loans$79,696 $20,134 $1,281 $101,111 
Financing Receivable, Nonaccrual
The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at June 30, 2023 and December 31, 2022:

June 30, 2023
(In thousands)Nonaccrual Loans With No ACLNonaccrual Loans With an ACLRelated ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural$11,635 $10,918 $3,911 
PPP loans— — — 
Overdrafts— — — 
Commercial real estate16,354 1,297 233 
Construction real estate:
Commercial987 — — 
Retail— — — 
Residential real estate:
Commercial2,331 — — 
Mortgage— 10,588 102 
HELOC— 1,031 122 
Installment— 37 18 
Consumer
Consumer— 1,609 403 
GFSC— 6 1 
Check loans— — — 
Leases486 — — 
Total loans$31,793 $25,486 $4,790 
December 31, 2022
(In thousands)Nonaccrual Loans With No ACLNonaccrual Loans With an ACLRelated ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural$28,291 $9,867 $3,440 
PPP loans— — — 
Overdrafts— — — 
Commercial real estate22,965 1,539 130 
Construction real estate:— 
Commercial1,712 — — 
Retail— 1,254 19 
Residential real estate:
Commercial1,894 — — 
Mortgage— 9,260 85 
HELOC— 1,133 191 
Installment— 51 17 
Consumer
Consumer— 1,012 283 
GFSC— 10 1 
Check loans— — — 
Leases680 28 9 
Total$55,542 $24,154 $4,175 
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 June 30, 2023 and December 31, 2022:

 June 30, 2023
(In thousands)Real EstateBusiness AssetsOtherTotal
Commercial, financial and agricultural
Commercial, financial and agricultural$8,120 $6,631 $7,775 $22,526 
Commercial real estate20,877 145 — 21,022 
Construction real estate:
Commercial1,629 — — 1,629 
Residential real estate:
Commercial2,597 — — 2,597 
Mortgage82 — — 82 
Leases— 486 — 486 
Total loans$33,305 $7,262 $7,775 $48,342 
 December 31, 2022
(In thousands)Real EstateBusiness AssetsOtherTotal
Commercial, financial and agricultural
Commercial, financial and agricultural$8,242 $7,788 $23,125 $39,155 
Commercial real estate35,908 28 — 35,936 
Construction real estate:
Commercial2,372 — — 2,372 
Residential real estate:
Commercial2,479 — — 2,479 
Mortgage90 — — 90 
Leases— 708 — 708 
Total loans$49,091 $8,524 $23,125 $80,740 

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 six-month periods ended June 30, 2023 and 2022:

Interest Income Recognized
(In thousands)Three Months Ended
June 30, 2023		Three Months Ended
June 30, 2022		Six Months Ended
June 30, 2023		Six Months Ended
June 30, 2022
Commercial, financial and agricultural:
Commercial, financial and agricultural$722 $13 $1,327 $30 
PPP loans— — — — 
Overdrafts— — — — 
Commercial real estate200 257 360 514 
Construction real estate:
Commercial22 3 54 4 
Retail— — — 4 
Residential real estate:
Commercial37 20 63 40 
Mortgage53 36 102 69 
HELOC7 2 15 6 
Installment1 — 2 2 
Consumer:
Consumer21 14 40 28 
GFSC— 1 — 3 
Check loans— — — — 
Leases— 10 — 24
Total loans$1,063 $356 $1,963 $724 
Financing Receivable, Past Due
The following tables present the aging of the amortized cost in past due loans at June 30, 2023 and December 31, 2022 by class of loan:

 June 30, 2023
(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$2,780 $12,569 $15,349 $1,266,980 $1,282,329 
PPP loans132 — 132 2,946 3,078 
Overdrafts— — — 1,596 1,596 
Commercial real estate1,330 1,805 3,135 1,796,305 1,799,440 
Construction real estate:
Commercial549 — 549 159,795 160,344 
Retail724 — 724 113,638 114,362 
Residential real estate:
Commercial— 369 369 580,076 580,445 
Mortgage5,872 5,645 11,517 1,122,159 1,133,676 
HELOC1,008 682 1,690 166,250 167,940 
Installment19 1 20 4,242 4,262 
Consumer:
Consumer5,286 535 5,821 1,934,327 1,940,148 
GFSC13 5 18 47 65 
Check loans4 — 4 2,040 2,044 
Leases24 — 24 18,356 18,380 
Total loans$17,741 $21,611 $39,352 $7,168,757 $7,208,109 
(1) Includes an aggregate of $1.0 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $36.6 million of nonaccrual loans which were current in regards to contractual principal and interest payments.
 December 31, 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$378 $9,246 $9,624 $1,285,614 $1,295,238 
PPP loans155 389 544 3,662 4,206 
Overdrafts— — — 1,489 1,489 
Commercial real estate737 4,738 5,475 1,788,579 1,794,054 
Construction real estate:
Commercial751 — 751 208,231 208,982 
Retail1,035 523 1,558 114,875 116,433 
Residential real estate:
Commercial519 477 996 549,187 550,183 
Mortgage7,630 5,157 12,787 1,062,659 1,075,446 
HELOC832 587 1,419 165,732 167,151 
Installment57 4 61 4,030 4,091 
Consumer
Consumer5,451 964 6,415 1,896,142 1,902,557 
GFSC48 — 48 226 274 
Check loans2 — 2 2,148 2,150 
Leases— — — 19,637 19,637 
Total loans$17,595 $22,085 $39,680 $7,102,211 $7,141,891 
(1) Includes an aggregate of $1.3 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $58.9 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 commercial loans by class of loans as of June 30, 2023 and as of December 31, 2022 were as follows:

June 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass$85,021 $176,716 $178,204 $125,837 $49,993 $66,187 $543,596 $1,225,554 
Special Mention109 737 305 314 191 80 30,689 32,425 
Substandard107 248 203 2,261 145 3,372 8,254 14,590 
Doubtful229 731 — 418 127 8,187 68 9,760 
Total $85,466 $178,432 $178,712 $128,830 $50,456 $77,826 $582,607 $1,282,329 
Current period gross charge-offs$— $— $— $— $— $51 $— $51 
Commercial, financial and agricultural: PPP
Risk rating
Pass$— $— $1,223 $1,855 $— $— $— $3,078 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total$— $— $1,223 $1,855 $— $— $— $3,078 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial real estate (1)
Risk rating
Pass$128,701 $312,673 $348,940 $336,994 $213,873 $362,880 $12,965 $1,717,026 
Special Mention— 17,051 5,472 5,530 516 34,558 1,636 64,763 
Substandard— 895 3,014 3,175 2,595 6,282 1,181 17,142 
Doubtful— — — — 122 387 — 509 
Total$128,701 $330,619 $357,426 $345,699 $217,106 $404,107 $15,782 $1,799,440 
Current period gross charge-offs$— $— $— $— $— $530 $— $530 
Construction real estate: Commercial
Risk rating
Pass$45,776 $74,790 $8,899 $18,470 $1,992 $3,075 $5,486 $158,488 
Special Mention— — — 226 — — — 226 
Substandard621 275 91 — — 643 — 1,630 
Doubtful— — — — — — — — 
Total$46,397 $75,065 $8,990 $18,696 $1,992 $3,718 $5,486 $160,344 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
June 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Residential Real Estate: Commercial
Risk rating
Pass$59,812 $112,416 $112,594 $131,522 $53,112 $85,264 $19,744 $574,464 
Special Mention— 340 467 1,358 419 822 — 3,406 
Substandard54 586 340 258 34 964 339 2,575 
Doubtful— — — — — — — — 
Total$59,866 $113,342 $113,401 $133,138 $53,565 $87,050 $20,083 $580,445 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Leases
Risk rating
Pass$2,785 $6,216 $2,693 $2,513 $641 $1,129 $— $15,977 
Special Mention596 789 475 40 16 1 — 1,917 
Substandard— — — 302 142 20 — 464 
Doubtful— — — — 22 — — 22 
Total$3,381 $7,005 $3,168 $2,855 $821 $1,150 $— $18,380 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Total Commercial Loans
Risk rating
Pass$322,095 $682,811 $652,553 $617,191 $319,611 $518,535 $581,791 $3,694,587 
Special Mention705 18,917 6,719 7,468 1,142 35,461 32,325 102,737 
Substandard782 2,004 3,648 5,996 2,916 11,281 9,774 36,401 
Doubtful229 731 — 418 271 8,574 68 10,291 
Total$323,811 $704,463 $662,920 $631,073 $323,940 $573,851 $623,958 $3,844,016 
Current period gross charge-offs$— $— $— $— $— $581 $— $581 
(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, 2022Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass$197,497 $198,999 $142,487 $60,845 $32,887 $47,135 $546,237 $1,226,087 
Special Mention700 313 918 315 4 35 25,536 27,821 
Substandard1,101 18 2,737 226 1,836 8,424 26,464 40,806 
Doubtful— — 3 77 80 172 192 524 
Total $199,298 $199,330 $146,145 $61,463 $34,807 $55,766 $598,429 $1,295,238 
Commercial, financial and agricultural: PPP
Risk rating
Pass$— $1,875 $2,331 $— $— $— $— $4,206 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total$— $1,875 $2,331 $— $— $— $— $4,206 
Commercial real estate (1)
Risk rating
Pass$323,235 $374,763 $372,653 $220,072 $107,467 $305,539 $14,052 $1,717,781 
Special Mention199 3,256 3,388 5,863 16,059 22,220 150 51,135 
Substandard7,856 1,427 3,007 3,561 856 5,471 428 22,606 
Doubtful— — — — 1,941 591 — 2,532 
Total$331,290 $379,446 $379,048 $229,496 $126,323 $333,821 $14,630 $1,794,054 
Construction real estate: Commercial
Risk rating
Pass$107,976 $40,534 $21,556 $2,686 $1,428 $3,015 $29,183 $206,378 
Special Mention— — 232 — — — — 232 
Substandard652 800 260 — 660 — — 2,372 
Doubtful— — — — — — — — 
Total$108,628 $41,334 $22,048 $2,686 $2,088 $3,015 $29,183 $208,982 
Residential Real Estate: Commercial
Risk rating
Pass$107,086 $120,303 $147,802 $56,980 $33,140 $63,499 $15,191 $544,001 
Special Mention— 92 1,477 440 — 1,625 — 3,634 
Substandard610 449 264 29 304 553 339 2,548 
Doubtful— — — — — — — — 
Total$107,696 $120,844 $149,543 $57,449 $33,444 $65,677 $15,530 $550,183 
December 31, 2022Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Leases
Risk rating
Pass$7,629 $3,310 $3,347 $1,167 $981 $605 $— $17,039 
Special Mention1,085 614 130 60 — — — 1,889 
Substandard— — 464 111 12 26 — 613 
Doubtful— — — 96 — — — 96 
Total$8,714 $3,924 $3,941 $1,434 $993 $631 $— $19,637 
Total Commercial Loans
Risk rating
Pass$743,423 $739,784 $690,176 $341,750 $175,903 $419,793 $604,663 $3,715,492 
Special Mention1,984 4,275 6,145 6,678 16,063 23,880 25,686 84,711 
Substandard10,219 2,694 6,732 3,927 3,668 14,474 27,231 68,945 
Doubtful— — 3 173 2,021 763 192 3,152 
Total$755,626 $746,753 $703,056 $352,528 $197,655 $458,910 $657,772 $3,872,300 
(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.
June 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Overdrafts
Performing$1,596 $— $— $— $— $— $— $1,596 
Nonperforming
— — — — — — — — 
Total $1,596 $— $— $— $— $— $— $1,596 
Current period gross charge-offs$486 $— $— $— $— $— $— $486 
Construction Real Estate: Retail
Performing$16,380 $72,444 $13,107 $4,818 $4,029 $3,273 $311 $114,362 
Nonperforming
— — — — — — — — 
Total $16,380 $72,444 $13,107 $4,818 $4,029 $3,273 $311 $114,362 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
June 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Residential Real Estate: Mortgage
Performing$84,568 $219,933 $227,477 $185,093 $86,061 $319,406 $— $1,122,538 
Nonperforming
— 800 594 779 547 8,418 — 11,138 
Total $84,568 $220,733 $228,071 $185,872 $86,608 $327,824 $— $1,133,676 
Current period gross charge-offs$— $— $— $— $— $35 $— $35 
Residential Real Estate: HELOC
Performing$12 $140 $299 $105 $179 $1,964 $164,210 $166,909 
Nonperforming
— — — — 99 684 248 1,031 
Total $12 $140 $299 $105 $278 $2,648 $164,458 $167,940 
Current period gross charge-offs$— $— $— $— $— $8 $— $8 
Residential Real Estate: Installment
Performing$674 $174 $— $5 $185 $3,187 $— $4,225 
Nonperforming
— — — — — 37 — 37 
Total $674 $174 $— $5 $185 $3,224 $— $4,262 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer: Consumer
Performing$341,371 $716,915 $384,552 $267,877 $111,626 $98,446 $17,352 $1,938,139 
Nonperforming— 426 500 354 285 444 — 2,009 
Total $341,371 $717,341 $385,052 $268,231 $111,911 $98,890 $17,352 $1,940,148 
Current period gross charge-offs$55 $1,449 $1,192 $466 $345 $280 $— $3,787 
Consumer: GFSC
Performing$— $— $— $23 $2 $6 $28 $59 
Nonperforming— — — — 6 — — 6 
Total $— $— $— $23 $8 $6 $28 $65 
Current period gross charge-offs$— $— $— $— $2 $— $1 $3 
Consumer: Check loans
Performing$— $— $— $— $— $— $2,044 $2,044 
Nonperforming
— — — — — — — — 
Total $— $— $— $— $— $— $2,044 $2,044 
Current period gross charge-offs$— $— $— $— $— $— $20 $20 
Total Consumer Loans
Performing$444,601 $1,009,606 $625,435 $457,921 $202,082 $426,282 $183,945 $3,349,872 
Nonperforming
— 1,226 1,094 1,133 937 9,583 248 14,221 
Total $444,601 $1,010,832 $626,529 $459,054 $203,019 $435,865 $184,193 $3,364,093 
Current period gross charge-offs$541 $1,449 $1,192 $466 $347 $323 $21 $4,339 
December 31, 2022Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Overdrafts
Performing$1,489 $— $— $— $— $— $— $1,489 
Nonperforming
— — — — — — — — 
Total 1,489 $— $— $— $— $— $— $1,489 
Construction Real Estate: Retail
Performing$71,923 $26,134 $8,218 $4,619 $1,618 $2,580 $75 $115,167 
Nonperforming
731 — 523 — — 12 — 1,266 
Total $72,654 $26,134 $8,741 $4,619 $1,618 $2,592 $75 $116,433 
Residential Real Estate: Mortgage
Performing$207,093 $227,131 $192,904 $90,014 $55,648 $286,464 $— $1,059,254 
Nonperforming
— — 700 650 518 14,324 — 16,192 
Total $207,093 $227,131 $193,604 $90,664 $56,166 $300,788 $— $1,075,446 
Residential Real Estate: HELOC
Performing$140 $299 $23 $130 $141 $1,957 $163,134 $165,824 
Nonperforming
— — 43 100 — 999 185 1,327 
Total $140 $299 $66 $230 $141 $2,956 $163,319 $167,151 
Residential Real Estate: Installment
Performing$187 $— $1 $241 $62 $2,512 $— $3,003 
Nonperforming
— — 7 2 16 1,063 — 1,088 
Total $187 $— $8 $243 $78 $3,575 $— $4,091 
Consumer: Consumer
Performing$823,484 $462,014 $333,336 $150,237 $61,174 $65,612 $4,315 $1,900,172 
Nonperforming
440 489 424 355 157 520 — 2,385 
Total $823,924 $462,503 $333,760 $150,592 $61,331 $66,132 $4,315 $1,902,557 
Consumer: GFSC
Performing$— $— $55 $111 $45 $2 $51 $264 
Nonperforming— — — 10 — — — 10 
Total $— $— $55 $121 $45 $2 $51 $274 
Consumer: Check loans
Performing$— $— $— $— $— $— $2,150 $2,150 
Nonperforming
— — — — — — — — 
Total $— $— $— $— $— $— $2,150 $2,150 
Total Consumer Loans
Performing$1,104,316 $715,578 $534,537 $245,352 $118,688 $359,127 $169,725 $3,247,323 
Nonperforming
1,171 489 1,697 1,117 691 16,918 185 22,268 
Total $1,105,487 $716,067 $536,234 $246,469 $119,379 $376,045 $169,910 $3,269,591 
TDR Number Of Contracts Modified And Recorded Investment
The following tables present the amortized cost basis of loans at June 30, 2023 that were both experiencing financial difficulty and modified during the three months and the six months ended June 30, 2023 by class of and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented below.

Three Months Ended
June 30, 2023
(Dollars in thousands)Principal ForgivenessPayment DelayTerm ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOtherTotalPercent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural $— $— $147 $— $10,223 $12 $10,382 0.81 %
PPP loans— — — — — — — — %
Overdrafts— — — — — — — — %
Commercial real estate — — 836 — — — 836 0.05 %
Construction real estate:
Commercial— — 366 — — — 366 0.23 %
Retail— — — — — — — — %
Residential real estate:
Commercial— — — — — — — — %
Mortgage— — — — 135 — 135 0.01 %
HELOC— — — — — — — — %
Installment— — 4 — 16 — 20 0.47 %
Consumer:
Consumer— — — 8 — — 8 — %
GFSC— — — — — — — — %
Check loans— — — — — — — — %
Leases— — — — — — — — %
Total$— $— $1,353 $8 $10,374 $12 $11,747 0.16 %
Six Months Ended
June 30, 2023
(Dollars in thousands)Principal ForgivenessPayment DelayTerm ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOtherTotalPercent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural $— $— $1,189 $— $10,223 $12 $11,424 0.89 %
PPP loans— — — — — — — — %
Overdrafts— — — — — — — — %
Commercial real estate — — 836 — — — 836 0.05 %
Construction real estate:
Commercial— — 366 — — — 366 0.23 %
Retail— — — — — — — — %
Residential real estate:
Commercial— — 150 — 12 — 162 0.03 %
Mortgage— — — — 135 — 135 0.01 %
HELOC— — — — — — — — %
Installment— — 4 — 79 — 83 1.95 %
Consumer:
Consumer— — — 22 — — 22 — %
GFSC— — — — — — — — %
Check loans— — — — — — — — %
Leases— — — — — — — — %
Total$— $— $2,545 $22 $10,449 $12 $13,028 0.18 %
Park has committed to lend additional amounts totaling $1.7 million to the borrowers included in the previous two tables as of June 30, 2023.

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months and the six months ended June 30, 2023:

Three Months Ended
June 30, 2023
(Dollars in thousands)Principal ForgivenessWeighted Average Interest Rate AdjustmentWeighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural$— 0.82 %0.6
PPP loans— — %0.0
Overdrafts— — %0.0
Commercial real estate— — %3.6
Construction real estate:
Commercial— — %1.0
Retail— — %0.0
Residential real estate:
Commercial— — %0.0
Mortgage— (1.88)%0.4
HELOC— — %0.0
Installment— (4.13)%10.0
Consumer:
Consumer— (0.69)%0.0
GFSC— — %0.0
Check loans— — %0.0
Leases— — %0.0
Total$— 0.77 %0.8
Six Months Ended
June 30, 2023
(Dollars in thousands)Principal ForgivenessWeighted Average Interest Rate AdjustmentWeighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural$— 0.82 %0.6
PPP loans— — %0.0
Overdrafts— — %0.0
Commercial real estate— — %3.6
Construction real estate:
Commercial— — %1.0
Retail— — %0.0
Residential real estate:
Commercial— 1.43 %0.4
Mortgage— (1.88)%0.4
HELOC— — %0.0
Installment— (1.72)%10.0
Consumer:
Consumer— (2.92)%0.0
GFSC— — %0.0
Check loans— — %0.0
Leases— — %0.0
Total$— 0.75 %0.9

Park closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of Park's modification efforts. There were no loans modified to borrowers experiencing financial difficulty that had been modified during the three months ended June 30, 2023 that were greater than 30 days past due as of June 30, 2023. There were $150,000 of loans modified to borrowers experiencing financial difficulty that had been modified during the six months ended June 30, 2023 that were 30-59 days past due as of June 30, 2023 in the Residential Real Estate: Commercial segment.
The following table presents the amortized cost basis of loans that had a payment default during the three months ended June 30, 2023 and were modified in the six months prior to that default to borrowers experiencing financial difficulty. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms:

Three Months Ended
June 30, 2023
(In thousands)Term ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOther
Commercial, financial and agricultural:
Commercial, financial and agricultural$— $— $— $— 
PPP loans— — — — 
Overdrafts— — — — 
Commercial real estate— — — — 
Construction real estate:
Commercial— — — — 
Retail— — — — 
Residential real estate:— — — 
Commercial150 — — — 
Mortgage— — 135 — 
HELOC— — — — 
Installment— — — — 
Consumer:
Consumer— 8 — — 
GFSC— — — — 
Check loans— — — — 
Leases— — — — 
Total loans$150 $8 $135 $— 
The following table presents the amortized cost basis of loans that had a payment default during the six months ended June 30, 2023 and were modified in the six months prior to that default to borrowers experiencing financial difficulty. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms:

Six Months Ended
June 30, 2023
(In thousands)Term ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOther
Commercial, financial and agricultural:
Commercial, financial and agricultural$— $— $— $— 
PPP loans— — — — 
Overdrafts— — — — 
Commercial real estate— — — — 
Construction real estate:
Commercial— — — — 
Retail— — — — 
Residential real estate:— — — 
Commercial150 — — — 
Mortgage— — 135 — 
HELOC— — — — 
Installment— — — — 
Consumer:
Consumer— 8 — — 
GFSC— — — — 
Check loans— — — — 
Leases— — — — 
Total loans$150 $8 $135 $— 

Upon the determination that a modified loan (or a portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged-off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amounts.