10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2023

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________________ to __________________________

  

Commission File Number 1-13006

 

PARK NATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

 

Ohio	31-1179518
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

50 North Third Street,	P.O. Box 3500	Newark,	Ohio	43058-3500
(Address of principal executive offices) (Zip Code)

(740)	349-8451
(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common shares, without par value	PRK	NYSE American

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 Yes   ☒   No   ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes  ☒   No  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”,

“smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 Yes   ☐   No   ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 16,116,479 Common Shares, no par value per share, outstanding at October 31, 2023.

PARK NATIONAL CORPORATION

CONTENTS

	Page
PART I.   FINANCIAL INFORMATION
Item 1.  Financial Statements
Consolidated Condensed Balance Sheets at September 30, 2023 and December 31, 2022 (unaudited)	5
Consolidated Condensed Statements of Income for the three months and the nine months ended September 30, 2023 and 2022 (unaudited)	7
Consolidated Condensed Statements of Comprehensive Income (Loss) for the three months and the nine months ended September 30, 2023 and 2022 (unaudited)	9
Consolidated Condensed Statements of Changes in Shareholders’ Equity for the three and the nine months ended September 30, 2023 and 2022 (unaudited)	10
Consolidated Condensed Statements of Cash Flows for the nine months ended September 30, 2023 and 2022 (unaudited)	12
Notes to Unaudited Consolidated Condensed Financial Statements	14
Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations	70
Item 3.  Quantitative and Qualitative Disclosures About Market Risk	105
Item 4.  Controls and Procedures	105
PART II.  OTHER INFORMATION	106
Item 1.  Legal Proceedings	106
Item 1A. Risk Factors	106
Item 2.  Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities	107
Item 3.  Defaults Upon Senior Securities	108
Item 4.  Mine Safety Disclosures	108
Item 5.  Other Information	108
Item 6.  Exhibits	109
SIGNATURES	112

3

Glossary of Abbreviations and Acronyms

Park has identified the following list of abbreviations and acronyms that are used in the Unaudited Consolidated Condensed Financial Statements, Notes to Unaudited Consolidated Condensed Financial Statements, and Management's Discussion and Analysis of Financial Condition and Results of Operations.

ACH	Automated clearing house	LDA	Loss driver analysis
ACL	Allowance for credit losses	LGD	Loss given default
AFS	Available-for-sale	LTIP	Long-Term Incentive Plan
Allowance	Allowance for credit losses	MSRs	Mortgage servicing rights
ASC	Accounting Standards Codification	NAV	Net asset value
ASU	Accounting Standards Update	NewDominion	NewDominion Bank
ATM	Automated teller machine	NSF	Non-sufficient funds
CARES Act	Coronavirus Aid, Relief, and Economic Security Act	OREO	Other real estate owned
Carolina Alliance	CAB Financial Corporation and its subsidiaries	OWS	One-way sell
CECL	Current expected credit loss	Park	Park National Corporation and its subsidiaries
Company	Park National Corporation and its subsidiaries	Park National Bank	The Park National Bank
Corporation	Park National Corporation and its subsidiaries	PBRSUs	Performance-based restricted stock units
COVID	Novel coronavirus	PCD	Purchased credit deteriorated
DCF	Discounted cash flow	PD	Probability of default
DDA	Demand deposit account	PNB	The Park National Bank
DOJ	U.S. Department of Justice	PPP	CARES Act Paycheck Protection Program
EPS	Earnings per common share	PTPP	Pre-tax, pre-provision
FASB	Financial Accounting Standards Board	Registrant	Park National Corporation
FDIC	Federal Deposit Insurance Corporation	ROU	Right-of-use
FFIEC	Federal Financial Institutions Examination Council	SARs	Stock appreciation rights
FHLB	Federal Home Loan Bank	SBA	U.S. Small Business Administration
FRB	Federal Reserve Bank	SEC	U.S. Securities and Exchange Commission
FTE	Fully taxable equivalent	SEPH	SE Property Holdings, LLC
GDP	Gross domestic product	SERP	Supplemental Executive Retirement Plan
GFSC	Guardian Financial Services Company	TBRSUs	Time-based restricted stock units
HELOC	Home equity line of credit	TDRs	Troubled debt restructurings
HPI	Home price index	U.S.	United States of America
ICS	Insured Cash Sweep	U.S. GAAP	United States Generally Accepted Accounting Principles
IRLC	Interest rate lock commitment	United States	United States of America
KSOP	Park's qualified retirement plan that combines an employee stock ownership plan (ESOP) with a 401(k) plan	VOV	Verification of value

4

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1.      Financial Statements

PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Balance Sheets (Unaudited)

(in thousands, except common share and per common share data)    

                

	September 30, 2023		December 31, 2022
Assets:
Cash and due from banks	$	140,252	$	156,750
Money market instruments	83,366		32,978
Cash and cash equivalents	223,618		189,728
Investment securities:
Debt securities available-for-sale, at fair value (amortized cost of $1,747,396 and $1,854,852 at September 30, 2023 and December 31, 2022, respectively, and no allowance for credit losses at September 30, 2023 or at December 31, 2022)	1,609,156		1,733,696
Other investment securities	99,671		87,091
Total investment securities	1,708,827		1,820,787
Loans	7,349,745		7,141,891
Allowance for credit losses	(84,602)		(85,379)
Net loans	7,265,143		7,056,512
Bank owned life insurance	225,142		220,072
Prepaid assets	158,124		153,579
Goodwill	159,595		159,595
Other intangible assets	4,986		5,975
Premises and equipment, net	77,331		82,126
Affordable housing tax credit investments	64,676		60,968
OREO	1,354		1,354
Accrued interest receivable	39,101		34,704
Operating lease ROU asset	16,349		17,600
Mortgage loan servicing rights	14,960		15,792
Other	41,708		36,201
Total assets	$	10,000,914	$	9,854,993

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Balance Sheets (Unaudited) (Continued)

(in thousands, except common share and per common share data)

	September 30, 2023		December 31, 2022
Liabilities and Shareholders' Equity:
Deposits:
Non-interest bearing	$	2,732,504	$	3,074,276
Interest bearing	5,512,220		5,160,439
Total deposits	8,244,724		8,234,715
Short-term borrowings	352,786		227,342
Subordinated notes	189,025		188,667
Unfunded commitments in affordable housing tax credit investments	31,553		28,132
Operating lease liability	17,426		19,291
Allowance for credit losses on off-balance sheet commitments	5,201		5,214
Accrued interest payable	3,277		3,486
Other	71,358		78,920
Total liabilities	$	8,915,350	$	8,785,767
Shareholders' equity:
Preferred shares (No par value; 200,000 shares authorized; No shares issued)	$	—	$	—
Common shares (No par value; 20,000,000 shares authorized; 17,623,104 common shares issued at September 30, 2023 and at December 31, 2022)	461,849		462,404
Retained earnings	896,627		847,235
Treasury shares (1,519,679 common shares at September 30, 2023 and 1,359,521 common shares at December 31, 2022)	(157,022)		(138,019)
Accumulated other comprehensive loss, net of taxes	(115,890)		(102,394)
Total shareholders' equity	1,085,564		1,069,226
Total liabilities and shareholders’ equity	$	10,000,914	$	9,854,993

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Income (Unaudited)

(in thousands, except common share and per common share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest and dividend income:
Interest and fees on loans	$	103,258	$	83,522	$	291,300	$	233,725
Interest and dividends on:
Debt securities - taxable	13,321		10,319		39,731		24,073
Debt securities - tax-exempt	2,900		2,923		8,718		8,046
Other interest income	1,410		3,180		6,715		3,593
Total interest and dividend income	120,889		99,944		346,464		269,437
Interest expense:
Interest on deposits:
Demand and savings deposits	20,029		5,757		52,309		7,441
Time deposits	3,097		825		6,410		2,253
Interest on borrowings:
Short-term borrowings	1,136		306		2,688		740
Subordinated notes and long-term debt	2,358		2,228		7,018		6,550
Total interest expense	26,620		9,116		68,425		16,984
Net interest income	94,269		90,828		278,039		252,453
(Recovery of) provision for credit losses	(1,580)		3,190		1,095		1,576
Net interest income after (recovery of) provision for credit losses	$	95,849	$	87,638	$	276,944	$	250,877
Other income:
Income from fiduciary activities	$	9,100	$	8,216	$	26,531	$	25,872
Service charges on deposit accounts	2,109		2,859		6,391		7,496
Other service income	2,615		2,956		7,951		12,715
Debit card fee income	6,652		6,514		19,939		19,371
Bank owned life insurance income	1,448		1,185		3,965		4,734
ATM fees	575		610		1,661		1,725
(Loss) gain on the sale of OREO, net	(6)		5,607		(3)		5,611
OREO valuation markup	—		12,009		15		12,039
Gain on equity securities, net	998		58		618		3,120
Other components of net periodic pension benefit income	1,893		3,027		5,679		9,081
Miscellaneous	2,329		3,653		4,368		7,779
Total other income	$	27,713	$	46,694	$	77,115	$	109,543

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Income (Unaudited) (Continued)

(in thousands, except common share and per common share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Other expense:
Salaries	$	34,525	$	37,889	$	103,045	$	99,462
Employee benefits	10,822		9,897		32,176		30,595
Occupancy expense	3,203		3,455		9,770		9,709
Furniture and equipment expense	3,060		2,912		9,409		8,783
Data processing fees	9,700		8,170		28,032		24,090
Professional fees and services	7,572		8,359		22,158		20,992
Marketing	1,197		1,595		3,755		3,931
Insurance	2,158		1,237		5,932		3,887
Communication	1,135		1,098		3,217		2,923
State tax expense	1,125		1,186		3,499		3,545
Amortization of intangible assets	334		341		989		1,146
Foundation contribution	—		4,000		—		4,000
Miscellaneous	2,977		2,764		8,214		7,261
Total other expense	$	77,808	$	82,903	$	230,196	$	220,324
Income before income taxes	$	45,754	$	51,429	123,863		140,096
Income taxes	8,837		9,361		21,629		24,829
Net income	$	36,917	$	42,068	$	102,234	$	115,267
Earnings per common share:
Basic	$	2.29	$	2.59	$	6.32	$	7.10
Diluted	$	2.28	$	2.57	$	6.29	$	7.05
Weighted average common shares outstanding:
Basic	16,133,310		16,253,704		16,180,261		16,240,966
Diluted	16,217,880		16,374,982		16,261,109		16,355,790
Regular cash dividends declared per common share	$	1.05	$	1.04	$	3.15	$	3.12

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited)

(in thousands)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	36,917	$	42,068	$	102,234	$	115,267
Other comprehensive loss, net of tax:
Unrealized net holding loss on debt securities available-for-sale, net of income tax effect of $(5,078) and $(10,617) for the three months ended September 30, 2023 and 2022, respectively, and $(3,588) and $(37,403) for the nine months ended September 30, 2023 and 2022, respectively.	(19,104)		(39,939)		(13,496)		(140,704)
Reclassification adjustment for losses included in net income on cash flow hedging derivatives, net of income tax effect of $14 for the nine months ended September 30, 2022.	—		—		—		52
Unrealized gain on cash flow hedging derivatives, net of income tax effect of $41 for the nine months ended September 30, 2022.	—		—		—		154
Other comprehensive loss	$	(19,104)	$	(39,939)	$	(13,496)	$	(140,498)
Comprehensive income (loss)	$	17,813	$	2,129	$	88,738	$	(25,231)

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited)

(in thousands, except common share and per common share data)

  

	Preferred Shares		Common Shares		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss
Balance at December 31, 2022	$	—	$	462,404	$	847,235	$	(138,019)	$	(102,394)
Cumulative effect of a change in accounting principle					(303)
Balance at January 1, 2023	$	—	$	462,404	$	846,932	$	(138,019)	$	(102,394)
Net income					33,733
Other comprehensive income, net of tax									12,361
Dividends on common shares at $1.05 per common share					(17,285)
Issuance of 34,484 common shares under share-based compensation awards, net of 21,981 common shares withheld to pay employee income taxes			(5,309)		(862)		3,564
Share-based compensation expense			2,336
Repurchase of 124,000 common shares to be held as treasury shares							(15,308)
Balance at March 31, 2023	$	—	$	459,431	$	862,518	$	(149,763)	$	(90,033)
Net income					31,584
Other comprehensive loss, net of tax									(6,753)
Dividends on common shares at $1.05 per common share					(17,187)
Issuance of 4,358 common shares under share-based compensation awards, net of 1,992 common shares withheld to pay employee income taxes			(602)		(85)		$	450
Share-based compensation expense			1,749
Repurchase of 25,000 common shares to be held as treasury shares							(2,552)
Balance at June 30, 2023	$	—	$	460,578	$	876,830	$	(151,865)	$	(96,786)
Net income					36,917
Other comprehensive loss, net of tax									(19,104)
Dividends on common shares at $1.05 per common share					(17,120)
Share-based compensation expense			1,271
Repurchase of 50,000 common shares to be held as treasury shares							(5,157)
Balance at September 30, 2023	$	—	$	461,849	$	896,627	$	(157,022)	$	(115,890)

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited) (Continued)

(in thousands, except common share and per common share data)

	Preferred Shares		Common Shares		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021	$	—	$	461,800	$	776,294	$	(142,490)	$	15,155
Net income					38,875
Other comprehensive loss, net of tax									(55,624)
Dividends on common shares at $1.04 per common share					(17,172)
Cash payment for fractional common shares in dividend reinvestment plan			(2)
Issuance of 29,757 common shares under share-based compensation awards, net of 18,658 common shares withheld to pay employee income taxes			(4,508)		(964)		3,021
Share-based compensation expense			1,981
Balance at March 31, 2022	$	—	$	459,271	$	797,033	$	(139,469)	$	(40,469)
Net income					34,324
Other comprehensive loss, net of tax									(44,935)
Dividends on common shares at $1.04 per common share					(17,116)
Share-based compensation expense			1,374
Balance at June 30, 2022	$	—	$	460,645	$	814,241	$	(139,469)	$	(85,404)
Net income					42,068
Other comprehensive loss, net of tax									(39,939)
Dividends on common shares at $1.04 per common share					(17,101)
Issuance of 4,490 common shares under share-based compensation awards, net of 2,559 common shares withheld to pay employee income taxes			(765)		(1)		456
Share-based compensation expense			1,441
Balance at September 30, 2022	$	—	$	461,321	$	839,207	$	(139,013)	$	(125,343)

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

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PARK NATIONAL CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Cash Flows (Unaudited)

(in thousands)

	Nine Months Ended September 30,
	2023		2022
Operating activities:
Net income	$	102,234	$	115,267
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,095		1,576
Accretion of loan fees and costs, net	(6,621)		(9,869)
Depreciation of premises and equipment	10,635		10,341
Amortization of investment securities, net	3,156		2,596
Net amortization (accretion) of purchase accounting adjustments	451		(402)
Gain on equity securities, net	(618)		(3,120)
Loan originations to be sold in secondary market	(53,432)		(157,868)
Proceeds from sale of loans in secondary market	53,711		169,212
Gain on sale of loans in secondary market	(996)		(3,885)
Share-based compensation expense	5,356		4,796
Loss (gain) on sale of OREO, net	3		(5,611)
OREO valuation markup	(15)		(12,039)
Gain on sale of non-mortgage loans	—		(495)
Bank owned life insurance income	(3,965)		(4,734)
Investment in qualified affordable housing tax credits amortization	6,292		5,940
Changes in assets and liabilities:
Increase in prepaid dealer premiums	(1,339)		(10,827)
Increase in other assets	(7,000)		(2,302)
Decrease in other liabilities	(12,092)		(8,963)
Net cash provided by operating activities	$	96,855	$	89,613
Investing activities:
Proceeds from the redemption/repurchase of FHLB stock	$	4,605	$	2,216
Proceeds from calls and maturities of:
Debt securities AFS	108,281		148,192
Purchases of:
Debt securities AFS	(3,981)		(316,878)
Equity securities	(2,195)		(9,165)
FHLB stock	(13,636)		—
Net decrease in other investments	2,009		392
Net loan originations, portfolio loans	(203,298)		(234,239)
Proceeds from the sale of non-mortgage loans	—		4,345
Investment in qualified affordable housing tax credits	(6,579)		(10,004)
Proceeds from the sale of OREO	965		17,684
Bank owned life insurance death benefits	1,658		8,380
Purchases of bank owned life insurance	(2,500)		(7,500)
Purchases of premises and equipment	(5,858)		(6,576)
Net cash used in investing activities	$	(120,529)	$	(403,153)

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PARK NATIONAL CORPORATION AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flows (Unaudited) (Continued) (in thousands)
	Nine Months Ended September 30,
	2023		2022
Financing activities:
Net (decrease) increase in deposits	$	(185,164)	$	188,536
Net decrease in off-balance sheet deposits	195,173		216,869
Net increase (decrease) in short-term borrowings	125,444		(49,293)
Value of common shares withheld to pay employee income taxes	(2,844)		(2,761)
Repurchase of common shares to be held as treasury shares	(23,017)		—
Cash dividends paid	(52,028)		(51,558)
Net cash provided by financing activities	$	57,564	$	301,793
Increase (decrease) in cash and cash equivalents	33,890		(11,747)
Cash and cash equivalents at beginning of year	189,728		219,180
Cash and cash equivalents at end of period	$	223,618	$	207,433
Supplemental disclosures of cash flow information:
Cash paid for:
Interest	$	68,634	$	18,805
Federal income tax	12,200		16,070
Non-cash items:
Loans transferred to OREO	$	1,051	$	13,418
ROU assets obtained in exchange for lease obligations	499		4,270
New commitments in affordable housing tax credits	10,000		10,000
New commitments in other investment securities	2,745		15,000

SEE ACCOMPANYING NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

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PARK NATIONAL CORPORATION

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

Note 1 – Basis of Presentation

The accompanying unaudited consolidated condensed financial statements included in this report have been prepared for Park National Corporation (sometimes also referred to as the “Registrant”) and its subsidiaries. Unless the context otherwise requires, references to "Park", the "Corporation" or the "Company" and similar terms mean Park National Corporation and its subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the results of operations for the interim periods included herein have been made. The results of operations for the three-month and the nine-month periods ended September 30, 2023 are not necessarily indicative of the operating results to be anticipated for the year ending December 31, 2023.

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all information and footnotes necessary for a fair presentation of the consolidated condensed balance sheets, consolidated condensed statements of income, consolidated condensed statements of comprehensive income (loss), consolidated condensed statements of changes in shareholders’ equity and consolidated condensed statements of cash flows in conformity with U.S. GAAP. These financial statements should be read in conjunction with the consolidated financial statements included in Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA in the Annual Report on Form 10-K of Park National Corporation for the fiscal year ended December 31, 2022 ("Park's 2022 Form 10-K"). Certain prior period amounts have been reclassified to conform to the current period presentation.

Park’s significant accounting policies are described in Note 1. Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in Park’s 2022 Form 10-K. For interim reporting purposes, Park follows the same basic accounting policies, as updated by the information contained in this report, and considers each interim period an integral part of an annual period.

Note 2 - Adoption of New Accounting Pronouncements and Issued But Not Yet Effective Accounting Standards

The following is a summary of new accounting pronouncements impacting Park's consolidated financial statements:

Adoption of New Accounting Pronouncements

ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures: In March 2022, FASB issued ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 eliminated the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when borrowers are experiencing financial difficulty. Additionally, the amendments in this ASU require that public business entities disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost.

Park adopted ASU 2022-02 using the modified retrospective transition method on January 1, 2023. Park recorded a $383,000 increase to the ACL, a $303,000 decrease to retained earnings and an $80,000 increase to deferred tax assets as of January 1, 2023 for the cumulative effect of adopting ASU 2022-02. Additionally, as a result of the adoption of this ASU and elimination of the concept of TDRs, total nonperforming loans decreased by $20.1 million effective January 1, 2023 and individually evaluated loans decreased by $11.5 million.

The adoption of ASU 2022-02 impacted disclosures in Note 5 - Loans and Note 6 - Allowance for Credit Losses.

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Issued But Not Yet Effective Accounting Standards

SEC Cybersecurity Disclosures: In July 2023, the SEC voted to standardize disclosures about cybersecurity risk management, strategy, governance, and material cybersecurity incidents by public companies subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Current Report on Form 8-K has a new item, Item 1.05, and registrants will be required to disclose under this Item 1.05 any cybersecurity incident that is deemed to be material and describe the material aspects of the incident's nature, scope, and timing, as well as its material impact, or reasonably likely material impact on a registrant, including its financial condition and results of operations. The Form 8-K filing will generally be due four business days after a registrant determines that the cybersecurity incident is material.

Also, SEC Regulation S-K has a new item, Item 106, which will require registrants to describe, on an annual basis, the processes for assessing, identifying, and managing material risks from cybersecurity threats as well as the material effects, or reasonably likely material effects, of risk from cybersecurity threats and previous cybersecurity incidents. Item 106 will also require registrants to describe the board of directors' oversight of risks from cybersecurity threats and management's role and expertise in assessing and managing material risks from cybersecurity threats. These disclosures will be required in the annual report on Form 10-K. Compliance with the material incident disclosure requirements in Item 1.05 of Form 8-K is to begin on December 18, 2023 and the annual disclosures are to be provided beginning with annual reports for fiscal years ending on or after December 15, 2023.

Management intends to adopt the SEC cybersecurity rules effective December 18, 2023 and will include annual disclosures in the Annual Report on Form 10-K of Park National Corporation for the fiscal year ending December 31, 2023.

ASU 2023-06 - Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative: In October 2023, FASB issued ASU 2023-06 - Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative. ASU 2023-06 amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. ASU 2023-06 was issued in response to the SEC's August 2018 final rule that updated and simplified disclosure requirements. In the final rule, the SEC identified 27 disclosure requirements that were incremental to those in the ASC and referred them to the FASB for potential incorporation into US GAAP. To avoid duplication, the SEC intended to eliminate those disclosure requirements from existing SEC regulations if the FASB incorporated them into the relevant ASC subtopics. The disclosure requirements are currently included in either SEC Regulation S-X or SEC Regulation S-K. ASU 2023-06 adds 14 of the 27 identified disclosure or presentation requirements to the ASC.

For entities, like Park, that are subject to the SEC's existing disclosure requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The amendments are to be applied prospectively and if by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or S-K, the pending content of the related amendment will be removed from the ASC and will not become effective for any entity. Management intends to adopt the provisions of ASU 2023-06 on their respective effective dates. The adoption of the provisions of ASU 2023-06 is not expected to have a material impact on Park's consolidated financial statements.

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Note 3 – Investment Securities

Investment securities at September 30, 2023 and at December 31, 2022, were as follows:

Debt securities AFS (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Fair Value
September 30, 2023:
Obligations of U.S. Government sponsored entities	$	39,000	$	—	$	1,700	$	37,300
Obligations of states and political subdivisions	420,590		17		31,510		389,097
U.S. Government sponsored entities' asset-backed securities	735,317		—		95,035		640,282
Collateralized loan obligations	532,030		—		7,139		524,891
Corporate debt securities	20,459		—		2,873		17,586
Total	$	1,747,396	$	17	$	138,257	$	1,609,156

 

Debt securities AFS (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Fair Value
December 31, 2022:
Obligations of U.S. Government sponsored entities	$	39,000	$	—	$	1,787	$	37,213
Obligations of states and political subdivisions	423,285		1,620		18,194		406,711
U.S. Government sponsored entities' asset-backed securities	839,399		—		82,638		756,761
Collateralized loan obligations	535,518		—		18,979		516,539
Corporate debt securities	17,650		—		1,178		16,472
Total	$	1,854,852	$	1,620	$	122,776	$	1,733,696

Investment securities in an unrealized loss position at September 30, 2023, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Debt securities AFS:
Obligations of U.S. Government sponsored entities	$	—	$	—	$	37,300	$	1,700	$	37,300	$	1,700
Obligations of states and political subdivisions	277,975		8,626		93,969		22,884		371,944		31,510
U.S. Government sponsored entities' asset-backed securities	1,171		22		639,111		95,013		640,282		95,035
Collateralized loan obligations	—		—		524,891		7,139		524,891		7,139
Corporate debt securities	9,299		910		8,287		1,963		17,586		2,873
Total	$	288,445	$	9,558	$	1,303,558	$	128,699	$	1,592,003	$	138,257

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 Investment securities in an unrealized loss position at December 31, 2022, were as follows:

 

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Debt securities AFS:
Obligations of U.S. Government sponsored entities	$	37,213	$	1,787	$	—	$	—	$	37,213	$	1,787
Obligations of states and political subdivisions	270,905		18,194		—		—		270,905		18,194
U.S. Government sponsored entities' asset-backed securities	446,423		27,507		310,338		55,131		756,761		82,638
Collateralized loan obligations	415,491		15,446		101,048		3,533		516,539		18,979
Corporate debt securities	7,388		862		1,684		316		9,072		1,178
Total	$	1,177,420	$	63,796	$	413,070	$	58,980	$	1,590,490	$	122,776

At September 30, 2023, Park’s debt securities portfolio consisted of $1.6 billion of securities, $1.6 billion of which were in an unrealized loss position with aggregate unrealized losses of $138.3 million. Of the $1.6 billion of securities in an unrealized loss position, $1.3 billion were in an unrealized loss position for 12 months or longer. Of the $138.3 million in unrealized losses, an aggregate of $96.7 million were related to Park's "Obligations of U.S. Government sponsored entities" portfolio and Park's "U.S. Government sponsored entities' asset-backed securities" portfolio. For non-agency debt securities, Park verified that the current credit ratings remain above investment grade. Quarterly, management reviews the credit profile of each non-agency debt security and assesses whether any impairment to the contractually obligated cash flow is likely to occur. Based on these reviews, management has concluded that the underlying creditworthiness for each security remains sufficient to maintain required payment obligations and, therefore, unrealized losses have not been recognized into net income. Management does not intend to sell, and it is not more likely than not that management would be required to sell, the securities prior to their anticipated recovery in respect of the unrealized losses. Management believes the value will recover as the securities approach maturity or market interest rates change.

There was no allowance for credit losses recorded for debt securities AFS at either September 30, 2023 or December 31, 2022. Additionally, for the three months and the nine months ended September 30, 2023 and 2022, there were no credit-related investment impairment losses recognized.

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The amortized cost and estimated fair value of investments in debt securities AFS at September 30, 2023, are shown in the following table by contractual maturity, except for asset-backed securities and collateral loan obligations, which are shown as a single total due to the unpredictability of the timing of principal repayments. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

(In thousands)	Amortized cost		Fair value		Tax equivalent yield (1)
Debt Securities AFS
Obligations of U.S. Treasury and other U.S. Government sponsored entities
Due one through five years	$	39,000	$	37,300	2.37	%
Obligations of state and political subdivisions:
Due one through five years	$	2,262	$	2,231	2.97	%
Due five through ten years	276,900		269,945		3.69	%
Due over ten years	141,428		116,921		3.10	%
Total (1)	$	420,590	$	389,097	3.49	%
U.S. Government sponsored entities' asset-backed securities	$	735,317	$	640,282	1.89	%
Collateralized loan obligations	$	532,030	$	524,891	7.31	%
Corporate debt securities
Due one through five years	$	2,809	$	2,794	10.41	%
Due five through ten years	17,650		14,792		3.89	%
Total	$	20,459	$	17,586	4.79	%

(1) The tax equivalent yield for certain obligations of state and political subdivisions includes the effect of a taxable equivalent adjustment using a 21% federal corporate income tax rate.

There were no sales of debt securities AFS during the three-month or the nine-month periods ended September 30, 2023 or 2022.

Investment securities having a fair value of $606.2 million and $753.6 million at September 30, 2023 and December 31, 2022, respectively, were pledged to collateralize government and public fund deposits, to secure repurchase agreements sold and as collateral for FHLB advance borrowings.

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Note 4 – Other Investment Securities

Other investment securities consist of restricted stock investments in the FHLB and the FRB, and equity securities. The restricted FHLB and FRB stock investments are carried at their redemption value. Equity securities with a readily determinable fair value are carried at fair value. Equity securities without a readily determinable fair value are recorded at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions ("modified cost"). Park's portfolio of equity investments in limited partnerships which provide mezzanine funding ("Partnership Investments") are valued using the NAV practical expedient in accordance with ASC 820.

The carrying amounts of other investment securities at September 30, 2023 and December 31, 2022 were as follows:

 

(In thousands)	September 30, 2023		December 31, 2022
FHLB stock	$	20,229	$	11,197
FRB stock	14,653		14,653
Equity investments carried at fair value	2,794		1,859
Equity investments carried at modified cost (1)	15,921		14,725
Equity investments carried at NAV	46,074		44,657
Total other investment securities	$	99,671	$	87,091

(1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. An upward adjustment of $871,000 was recorded during the nine months ended September 30, 2022 as a result of observable price changes. There were no adjustments recorded during the three months ended September 30, 2022. There were no adjustments recorded during the three months or the nine months ended September 30, 2023 as a result of observable price changes.

During the three months ended September 30, 2023, Park purchased 122,296 shares of FHLB stock with a book value of $12.2 million. During the nine months ended September 30, 2023, Park purchased 136,371 shares of FHLB stock with a book value of $13.6 million. During the three months ended September 30, 2023, the FHLB repurchased 10,002 shares of FHLB stock with a book value of $1.0 million. During the nine months ended September 30, 2023, the FHLB repurchased 46,054 shares of FHLB stock with a book value of $4.6 million. During the three months and the nine months ended September 30, 2022, the FHLB repurchased 22,160 shares of FHLB stock with a book value of $2.2 million. No shares of FRB stock were purchased or sold during the three months or the nine months ended September 30, 2023 or 2022.

During the three months ended September 30, 2023 and 2022, $74,000 and $(39,000), respectively, of gains (losses) on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2023 and 2022, $(65,000) and $488,000, respectively, of (losses) gains on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Condensed Statements of Income.

During the three months ended September 30, 2023 and 2022, $924,000 and $97,000, respectively, of gains on equity investments carried at NAV were recorded within “Gain on equity securities, net” on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2023 and 2022, $683,000 and $2.6 million, respectively, of gains on equity investments carried at NAV were recorded within “Gain on equity securities, net” on the Consolidated Condensed Statements of Income.

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Note 5 – Loans

The composition of the loan portfolio at September 30, 2023 and at December 31, 2022 was as follows:

 

	September 30, 2023		December 31, 2022
(In thousands)	Amortized Cost		Amortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)	$	1,283,485	$	1,295,238
PPP loans	2,427		4,206
Overdrafts	3,109		1,489
Commercial real estate (1)	1,833,400		1,794,054
Construction real estate:
Commercial	182,992		208,982
Retail	105,934		116,433
Residential real estate:
Commercial	583,251		550,183
Mortgage	1,185,544		1,075,446
HELOC	173,256		167,151
Installment	5,295		4,091
Consumer:
Consumer	1,970,570		1,902,831
Check loans	2,053		2,150
Leases	18,429		19,637
Total	$	7,349,745	$	7,141,891
Allowance for credit losses	(84,602)		(85,379)
Net loans	$	7,265,143	$	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.

In order to support customers, Park participated in the CARES Act Paycheck Protection Program ("PPP"). For its assistance in making and retaining these loans, Park received an aggregate of $33.1 million in fees from the SBA. During the three months ended September 30, 2023 and September 30, 2022, $9,000 and $361,000, respectively, of PPP fee income was recognized within loan interest income. During the nine months ended September 30, 2023 and September 30, 2022, $34,000 and $2.9 million, respectively, of PPP fee income was recognized within loan interest income.

Loans are shown net of deferred origination fees, costs and unearned income of $18.9 million at September 30, 2023, and of $18.2 million at December 31, 2022, which represented a net deferred income position at both dates. At September 30, 2023 and December 31, 2022, loans included purchase accounting adjustments of $1.9 million and $2.5 million, respectively, which represented a net deferred income position at each date. This fair market value purchase accounting adjustment is expected to be recognized into interest income on a level yield basis over the remaining expected life of the loans.

Overdrawn deposit accounts of $3.1 million and $1.5 million were reclassified to loans at September 30, 2023 and at December 31, 2022, respectively.

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Credit Quality

Among other things, the adoption of ASU 2022-02 on January 1, 2023 eliminated the concept of TDRs. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still 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 September 30, 2023.

 

	September 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	$	17,336	$	—	$	17,336
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	19,899		—		19,899
Construction real estate:
Commercial	1,124		—		1,124
Retail	—		—		—
Residential real estate:
Commercial	2,237		—		2,237
Mortgage	10,935		139		11,074
HELOC	957		—		957
Installment	35		—		35
Consumer:
Consumer	2,133		488		2,621
Check loans	—		—		—
Leases	352		—		352
Total loans	$	55,008	$	627	$	55,635

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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 Accruing		Total Nonperforming Loans
Commercial, financial and agricultural
Commercial, financial and agricultural	$	38,158	$	3,261	$	—	$	41,419
PPP loans	—		—		389		389
Overdrafts	—		—		—		—
Commercial real estate	24,504		7,919		—		32,423
Construction real estate:
Commercial	1,712		—		—		1,712
Retail	1,254		12		—		1,266
Residential real estate:
Commercial	1,894		298		—		2,192
Mortgage	9,260		6,750		182		16,192
HELOC	1,133		187		7		1,327
Installment	51		1,037		—		1,088
Consumer
Consumer	1,022		670		703		2,395
Check loans	—		—		—		—
Leases	708		—		—		708
Total loans	$	79,696	$	20,134	$	1,281	$	101,111

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The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at September 30, 2023 and December 31, 2022:

	September 30, 2023
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	8,121	$	9,215	$	3,132
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	18,411		1,488		205
Construction real estate:
Commercial	575		549		94
Retail	—		—		—
Residential real estate:
Commercial	2,237		—		—
Mortgage	—		10,935		96
HELOC	—		957		25
Installment	—		35		18
Consumer
Consumer	—		2,133		615
Check loans	—		—		—
Leases	352		—		—
Total loans	$	29,696	$	25,312	$	4,185

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	December 31, 2022
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	28,291	$	9,867	$	3,440
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	22,965		1,539		130
Construction real estate:
Commercial	1,712		—		—
Retail	—		1,254		19
Residential real estate:
Commercial	1,894		—		—
Mortgage	—		9,260		85
HELOC	—		1,133		191
Installment	—		51		17
Consumer
Consumer	—		1,022		284
Check loans	—		—		—
Leases	680		28		9
Total	$	55,542	$	24,154	$	4,175

Nonaccrual commercial loans are evaluated on an individual basis and are excluded from the collective evaluation. Management’s general practice is to proactively charge down loans individually evaluated to the fair value of the underlying collateral. Nonaccrual consumer loans are collectively evaluated based on similar risk characteristics.

The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,110	$	4,719	$	4,470	$	17,299
Commercial real estate	22,643		21		—		22,664
Construction real estate:
Commercial	1,761		—		—		1,761
Residential real estate:
Commercial	2,491		—		—		2,491
Mortgage	79		—		—		79
Leases	—		352		—		352
Total loans	$	35,084	$	5,092	$	4,470	$	44,646

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	December 31, 2022
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,242	$	7,788	$	23,125	$	39,155
Commercial real estate	35,908		28		—		35,936
Construction real estate:
Commercial	2,372		—		—		2,372
Residential real estate:
Commercial	2,479		—		—		2,479
Mortgage	90		—		—		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 nine-month periods ended September 30, 2023 and 2022:

	Interest Income Recognized
(In thousands)	Three Months Ended September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	253	$	15	$	1,580	$	45
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	177		237		537		751
Construction real estate:
Commercial	5		6		59		10
Retail	—		—		—		4
Residential real estate:
Commercial	37		24		100		64
Mortgage	58		43		160		112
HELOC	1		5		16		11
Installment	1		1		3		3
Consumer:
Consumer	25		15		65		46
Check loans	—		—		—		—
Leases	—		9		—		33
Total loans	$	557	$	355	$	2,520	$	1,079

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The following tables present the aging of the amortized cost in past due loans at September 30, 2023 and at December 31, 2022 by class of loan:

	September 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	$	324	$	12,151	$	12,475	$	1,271,010	$	1,283,485
PPP loans	—		—		—		2,427		2,427
Overdrafts	—		—		—		3,109		3,109
Commercial real estate	206		2,322		2,528		1,830,872		1,833,400
Construction real estate:
Commercial	—		549		549		182,443		182,992
Retail	8		—		8		105,926		105,934
Residential real estate:
Commercial	54		219		273		582,978		583,251
Mortgage	7,584		5,386		12,970		1,172,574		1,185,544
HELOC	655		699		1,354		171,902		173,256
Installment	19		—		19		5,276		5,295
Consumer:
Consumer	6,732		838		7,570		1,963,000		1,970,570
Check loans	4		—		4		2,049		2,053
Leases	—		—		—		18,429		18,429
Total loans	$	15,586	$	22,164	$	37,750	$	7,311,995	$	7,349,745

(1) Includes an aggregate of $0.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $33.5 million of nonaccrual loans which were current with respect to contractual principal and interest payments.

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	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 loans	155		389		544		3,662		4,206
Overdrafts	—		—		—		1,489		1,489
Commercial real estate	737		4,738		5,475		1,788,579		1,794,054
Construction real estate:
Commercial	751		—		751		208,231		208,982
Retail	1,035		523		1,558		114,875		116,433
Residential real estate:
Commercial	519		477		996		549,187		550,183
Mortgage	7,630		5,157		12,787		1,062,659		1,075,446
HELOC	832		587		1,419		165,732		167,151
Installment	57		4		61		4,030		4,091
Consumer
Consumer	5,499		964		6,463		1,896,368		1,902,831
Check loans	2		—		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 with respect to contractual principal and interest payments.

Credit Quality Indicators

Management utilizes past due information as a credit quality indicator across the loan portfolio. Past due information at September 30, 2023 and December 31, 2022 is included in the previous tables. The past due information is the primary credit quality indicator within the following classes of loans: (1) overdrafts in the commercial, financial and agricultural portfolio segment; (2) retail loans in the construction real estate portfolio segment; (3) mortgage loans, HELOC and installment loans in the residential real estate portfolio segment; and (4) consumer loans and check loans in the consumer portfolio segment. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans on a scale from 1 to 8. Credit grades are continuously monitored by the responsible loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded a 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher PD is applied to these loans. Loans classified as special mention have potential weaknesses that require management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of Park’s credit position at some future date. Commercial loans graded a 6 (substandard), also considered watch list credits, are considered to represent higher credit risk and, as a result, a higher PD is applied to these loans. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or the value of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Park will sustain some loss if the weaknesses are not corrected. Commercial loans graded a 7 (doubtful) are shown as nonaccrual and Park generally charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Certain 6-rated loans and all 7-rated loans are placed on nonaccrual status and included within the individually evaluated category. A commercial loan is deemed nonaccrual, and is individually evaluated, when management determines the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged off.

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Based on the most recent analysis performed, the risk category of commercial loans by class of loans at September 30, 2023 and at December 31, 2022 are detailed in the tables below. Also included in the table detailing loan balances at September 30, 2023 are gross charge offs for the nine months ended September 30, 2023.

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass	$	157,097	$	162,986	$	136,515	$	116,752	$	45,243	$	48,042	$	567,498	$	1,234,133
Special Mention	125		598		285		242		110		11		28,954		30,325
Substandard	111		191		197		2,530		140		623		6,100		9,892
Doubtful	75		52		42		126		104		7,862		874		9,135
Total	$	157,408	$	163,827	$	137,039	$	119,650	$	45,597	$	56,538	$	603,426	$	1,283,485
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	51	$	—	$	51

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	—	$	—	$	1,014	$	1,413	$	—	$	—	$	—	$	2,427
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	1,014	$	1,413	$	—	$	—	$	—	$	2,427
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate (1)
Risk rating
Pass	$	198,641	$	309,027	$	343,355	$	328,768	$	210,212	$	356,293	$	15,401	$	1,761,697
Special Mention	72		16,984		4,249		4,336		—		24,670		99		50,410
Substandard	1,624		1,137		2,759		3,198		2,590		7,012		1,892		20,212
Doubtful	—		—		740		—		—		341		—		1,081
Total	$	200,337	$	327,148	$	351,103	$	336,302	$	212,802	$	388,316	$	17,392	$	1,833,400
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	530	$	—	$	530

Construction real estate: Commercial
Risk rating
Pass	$	63,281	$	75,994	$	7,581	$	18,474	$	1,897	$	2,806	$	11,198	$	181,231
Special Mention	—		—		—		—		—		—		—		—
Substandard	1,414		270		77		—		—		—		—		1,761
Doubtful	—		—		—		—		—		—		—		—
Total	$	64,695	$	76,264	$	7,658	$	18,474	$	1,897	$	2,806	$	11,198	$	182,992
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

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September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Commercial
Risk rating
Pass	$	86,116	$	108,555	$	108,655	$	123,374	$	51,584	$	79,032	$	20,793	$	578,109
Special Mention	—		338		462		607		415		848		—		2,670
Substandard	200		572		333		256		31		890		190		2,472
Doubtful	—		—		—		—		—		—		—		—
Total	$	86,316	$	109,465	$	109,450	$	124,237	$	52,030	$	80,770	$	20,983	$	583,251
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Leases
Risk rating
Pass	$	4,530	$	5,597	$	2,448	$	2,276	$	483	$	843	$	—	$	16,177
Special Mention	665		752		442		27		13		1		—		1,900
Substandard	—		—		—		256		82		14		—		352
Doubtful	—		—		—		—		—		—		—		—
Total	$	5,195	$	6,349	$	2,890	$	2,559	$	578	$	858	$	—	$	18,429
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial Loans
Risk rating
Pass	$	509,665	$	662,159	$	599,568	$	591,057	$	309,419	$	487,016	$	614,890	$	3,773,774
Special Mention	862		18,672		5,438		5,212		538		25,530		29,053		85,305
Substandard	3,349		2,170		3,366		6,240		2,843		8,539		8,182		34,689
Doubtful	75		52		782		126		104		8,203		874		10,216
Total	$	513,951	$	683,053	$	609,154	$	602,635	$	312,904	$	529,288	$	652,999	$	3,903,984
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.

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December 31, 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	$	197,497	$	198,999	$	142,487	$	60,845	$	32,887	$	47,135	$	546,237	$	1,226,087
Special Mention	700		313		918		315		4		35		25,536		27,821
Substandard	1,101		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 Mention	199		3,256		3,388		5,863		16,059		22,220		150		51,135
Substandard	7,856		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
Substandard	652		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
Substandard	610		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

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December 31, 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	$	7,629	$	3,310	$	3,347	$	1,167	$	981	$	605	$	—	$	17,039
Special Mention	1,085		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 Mention	1,984		4,275		6,145		6,678		16,063		23,880		25,686		84,711
Substandard	10,219		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.

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. Also included in the table detailing loan balances at September 30, 2023 are gross charge offs for the nine months ended September 30, 2023. As previously mentioned, the adoption of ASU 2022-02 on January 1, 2023 eliminated the concept of TDRs. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still accruing.

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Overdrafts
Performing	$	3,109	$	—	$	—	$	—	$	—	$	—	$	—	$	3,109
Nonperforming	—		—		—		—		—		—		—		—
Total	$	3,109	$	—	$	—	$	—	$	—	$	—	$	—	$	3,109
Current period gross charge-offs	$	704	$	—	$	—	$	—	$	—	$	—	$	—	$	704

Construction Real Estate: Retail
Performing	$	33,399	$	50,927	$	9,846	$	4,402	$	3,921	$	3,128	$	311	$	105,934
Nonperforming	—		—		—		—		—		—		—		—
Total	$	33,399	$	50,927	$	9,846	$	4,402	$	3,921	$	3,128	$	311	$	105,934
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

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September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Mortgage
Performing	$	151,811	$	235,246	$	223,499	$	180,736	$	83,584	$	299,594	$	—	$	1,174,470
Nonperforming	—		976		706		851		423		8,118		—		11,074
Total	$	151,811	$	236,222	$	224,205	$	181,587	$	84,007	$	307,712	$	—	$	1,185,544
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	35	$	—	$	35

Residential Real Estate: HELOC
Performing	$	79	$	181	$	299	$	102	$	242	$	1,975	$	169,421	$	172,299
Nonperforming	—		—		—		—		32		685		240		957
Total	$	79	$	181	$	299	$	102	$	274	$	2,660	$	169,661	$	173,256
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	9	$	—	$	9

Residential Real Estate: Installment
Performing	$	1,692	$	168	$	—	$	4	$	165	$	3,231	$	—	$	5,260
Nonperforming	—		—		—		—		—		35		—		35
Total	$	1,692	$	168	$	—	$	4	$	165	$	3,266	$	—	$	5,295
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer: Consumer
Performing	$	520,059	$	664,029	$	348,910	$	239,729	$	95,045	$	82,256	$	17,921	$	1,967,949
Nonperforming	155		687		730		367		181		497		4		2,621
Total	$	520,214	$	664,716	$	349,640	$	240,096	$	95,226	$	82,753	$	17,925	$	1,970,570
Current period gross charge-offs	$	253	$	2,223	$	1,893	$	635	$	497	$	346	$	3	$	5,850

Consumer: Check loans
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	2,053	$	2,053
Nonperforming	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	2,053	$	2,053
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	34	$	34

Total Consumer Loans
Performing	$	710,149	$	950,551	$	582,554	$	424,973	$	182,957	$	390,184	$	189,706	$	3,431,074
Nonperforming	155		1,663		1,436		1,218		636		9,335		244		14,687
Total	$	710,304	$	952,214	$	583,990	$	426,191	$	183,593	$	399,519	$	189,950	$	3,445,761
Current period gross charge-offs	$	957	$	2,223	$	1,893	$	635	$	497	$	390	$	37	$	6,632

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December 31, 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	$	1,489	$	—	$	—	$	—	$	—	$	—	$	—	$	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	$	333,391	$	150,348	$	61,219	$	65,614	$	4,366	$	1,900,436
Nonperforming	440		489		424		365		157		520		—		2,395
Total	$	823,924	$	462,503	$	333,815	$	150,713	$	61,376	$	66,134	$	4,366	$	1,902,831

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

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Loans and Leases Acquired with Deteriorated Credit Quality

In conjunction with the NewDominion acquisition, Park acquired loans with a book value of $277.9 million as of the July 1, 2018 acquisition date. These loans were recorded at the initial fair value of $272.8 million. Loans acquired with deteriorated credit quality (ASC 310-30) with a book value of $5.1 million were recorded at the initial fair value of $4.9 million. In conjunction with the Carolina Alliance acquisition, Park acquired loans and leases with a book value of $589.7 million as of the April 1, 2019 acquisition date. These loans and leases were recorded at the initial fair value of $578.6 million. Loans and leases acquired with deteriorated credit quality (ASC 310-30) with a book value of $19.9 million were recorded at the initial fair value of $18.4 million.

Upon Park's adoption of CECL on January 1, 2021, $52,000 of the credit discount on PCD loans was reclassified to the allowance for credit losses. PCD loans are individually evaluated on a quarterly basis to determine if a specific reserve is necessary. At September 30, 2023 and at December 31, 2022, there was no allowance for credit losses on PCD loans. The carrying amount of accruing loans acquired with deteriorated credit quality at September 30, 2023 and at December 31, 2022 was $3.8 million and $4.7 million, respectively. The carrying amount of nonaccrual loans acquired with deteriorated credit quality was $549,000 at September 30, 2023. There were no nonaccrual loans acquired with deteriorated quality at December 31, 2022.

Modifications to Borrowers Experiencing Financial Difficulty

Management identifies loans as modifications to borrowers experiencing financial difficulty when a borrower is experiencing financial difficulties and Park has altered the cash flow of the loan as part of a modification or in the loan renewal process. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of the borrower's debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. Park modifies loans to borrowers experiencing financial difficulty by providing principal forgiveness, a term extension, an other-than-insignificant payment delay or interest rate adjustments.

In some cases, Park provides multiple types of modifications on one loan. Typically, one type of modification, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification, such as principal forgiveness, may be granted. For the loans included in the combination columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate adjustment.

The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. As a result, the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses and a change to the allowance for credit losses is generally not recorded upon modification. When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses.

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The following tables present the amortized cost basis of loans at September 30, 2023 that were both experiencing financial difficulty and modified during the three months and the nine months ended September 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 September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	1,920	$	387	$	2,568	$	—	$	4,875	0.38	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		366		—		511		—		877		0.05	%
Construction real estate:
Commercial	—		—		228		—		637		—		865		0.47	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		147		—		147		0.03	%
Mortgage	—		—		—		—		95		—		95		0.01	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		174		—		121		—		295		5.57	%
Consumer:
Consumer	—		—		—		22		—		—		22		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	2,688	$	409	$	4,079	$	—	$	7,176	0.10	%

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	Nine Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	452	$	387	$	11,312	$	11	$	12,162	0.95	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		1,366		—		511		—		1,877		0.10	%
Construction real estate:
Commercial	—		—		228		—		637		—		865		0.47	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		158		—		158		0.03	%
Mortgage	—		—		—		—		229		—		229		0.02	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		178		—		199		—		377		7.12	%
Consumer:
Consumer	—		—		—		39		—		—		39		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	2,224	$	426	$	13,046	$	11	$	15,707	0.21	%

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Park has committed to lend additional amounts totaling $3.4 million to the borrowers included in the previous table as of September 30, 2023.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months and the nine months ended September 30, 2023:

	Three Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Adjustment		Weighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	(0.15)	%	0.5
PPP loans	—		—	%	0.0
Overdrafts	—		—	%	0.0
Commercial real estate	—		2.76	%	2.0
Construction real estate:
Commercial	—		2.34	%	1.6
Retail	—		—	%	0.0
Residential real estate:
Commercial	—		(2.75)	%	1.1
Mortgage	—		(4.00)	%	0.8
HELOC	—		—	%	0.0
Installment	—		(0.89)	%	13.6
Consumer:
Consumer	—		(1.49)	%	0.0
Check loans	—		—	%	0.0
Leases	—		—	%	0.0
Total	$	—	0.34	%	1.4

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	Nine Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Adjustment		Weighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	0.58	%	0.6
PPP loans	—		—	%	0.0
Overdrafts	—		—	%	0.0
Commercial real estate	—		2.76	%	3.1
Construction real estate:
Commercial	—		2.34	%	1.6
Retail	—		—	%	0.0
Residential real estate:
Commercial	—		(2.47)	%	1.4
Mortgage	—		(2.76)	%	0.6
HELOC	—		—	%	0.0
Installment	—		(1.21)	%	12.9
Consumer:
Consumer	—		(2.33)	%	0.0
Check loans	—		—	%	0.0
Leases	—		—	%	0.0
Total	$	—	0.62	%	1.3

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 September 30, 2023 that were greater than 30 days past due as of September 30, 2023. There were $11,000 of loans modified to borrowers experiencing financial difficulty that had been modified during the nine months ended September 30, 2023 that were 30-59 days past due as of September 30, 2023 in the Commercial, financial, and agricultural loan portfolio segment.

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The following table presents the amortized cost basis of loans that had a payment default during the three months ended September 30, 2023 and were modified in the nine 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 September 30, 2023
(In thousands)	Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	11
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:			—		—		—
Commercial	—		—		—		—
Mortgage	—		—		—		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		—		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	—	$	—	$	—	$	11

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The following table presents the amortized cost basis of loans that had a payment default during the nine months ended September 30, 2023 and were modified in the nine 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:

	Nine Months Ended September 30, 2023
(In thousands)	Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	11
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:			—		—		—
Commercial	—		—		147		—
Mortgage	—		—		134		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		4		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	—	$	4	$	281	$	11

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.

Note 6 – Allowance for Credit Losses

The ACL is an estimate of the expected credit losses on financial assets measured at amortized cost, which is measured using relevant information about past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. A provision for credit losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors.

During the first quarter of 2023, Park adopted ASU 2022-02. This standard was adopted using a modified retrospective transition method on January 1, 2023, resulting in a $383,000 increase to the ACL. A cumulative effect adjustment resulting in a $303,000 decrease to retained earnings was also recorded as a result of the adoption of ASU 2022-02.

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Quantitative Considerations

The ACL is primarily calculated utilizing a DCF model. Key inputs and assumptions used in this model are discussed below:

•Forecast model - For each portfolio segment, a LDA was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilized Park's own FFIEC Call Report data for the commercial, financial and agricultural loan and the residential real estate portfolio loan segments. Peer data was incorporated into the analysis for the commercial real estate loan, the construction real estate loan, and the consumer portfolio loan segments. Park updated the LDA in the fourth quarter of 2022 with data through September 30, 2022. After considering the impact of the inclusion of periods impacted by COVID, as well as analysis of the ongoing applicability of the selected peer group, management decided it was appropriate to continue to utilize the LDA analysis from the fourth quarter of 2019 as the correlation of the LDA was higher.

•Probability of default – PD is the probability that an asset will be in default within a given time frame. Park has defined default to be when a charge-off has occurred, a loan is placed on nonaccrual, or a loan is greater than 90 days past due. Whenever possible, Park utilizes its own loan-level PDs for the reasonable and supportable forecast period. When loan-level data is not available reflecting the forecasted economic conditions, a forecast model is utilized to estimate PDs.

•Loss given default – LGD is the percentage of the asset not expected to be collected due to default. Whenever possible, Park utilizes its own loan-level LGDs for the reasonable and supportable forecast period. When it is not possible to use Park's own LGDs, the LGD is derived using a method referred to as Frye Jacobs.

•Prepayments and curtailments – Prepayments and curtailments are calculated based on Park’s own data utilizing a three-year average. This analysis is updated annually in the fourth quarter and was last updated in the fourth quarter of 2022.

•Forecast and reversion – Park has established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average.

•Economic forecast - Park utilizes a third party to provide economic forecasts under various scenarios, which are weighted in order to reflect model risk in the current economic environment. The scenario weighting is evaluated by management on a quarterly basis.

◦As of December 31, 2022, the "most likely" scenario forecasted Ohio unemployment between 4.14% and 4.36% during the next four quarters. In determining the appropriate weighting of scenarios at December 31, 2022, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high level of inflation, historically low consumer confidence, rising interest rates, geopolitical conflict (including the conflict between Russia and Ukraine), and workforce and supply chain challenges continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at December 31, 2022.

◦As of March 31, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.15% and 4.51% during the next four quarters. In determining the appropriate weighting of scenarios at March 31, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high level of inflation, historically low consumer confidence, rising interest rates, financial system stress related to recent bank failures, geopolitical conflict, and workforce challenges continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at March 31, 2023.

◦As of June 30, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.01% and 4.62% during the next four quarters. In determining the appropriate weighting of scenarios at June 30, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, the likelihood of interest rates increasing, financial system stress and geopolitical conflict continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at June 30, 2023.

◦As of September 30, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.07% and 4.66% during the next four quarters. In determining the appropriate weighting of scenarios at September 30, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, continued elevated interest rates, financial system stress and geopolitical conflict (including the conflicts between Russia and Ukraine and between Israel and Hamas), continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing

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weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at September 30, 2023.

Qualitative Considerations

Park reviews various internal and external factors to consider the need for any qualitative adjustments to the quantitative model. Factors considered include the following:

•The nature and volume of Park’s financial assets; the existence, growth, and effect of any concentrations of credit and the volume and severity of past due financial assets, the volume of nonaccrual assets, and the volume and severity of adversely classified or graded assets. Specifically, management considers:

◦Trends (e.g., growth, reduction) in specific categories of the loan portfolio, as well as adjustments to the types of loans offered by Park.

◦Level of and trend in loan delinquencies, troubled loans, commercial watch list loans and nonperforming loans.

◦Level of and trend in new nonaccrual loans.

◦Level of and trend in loan charge-offs and recoveries.

•Park's lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, charge-offs, and recoveries.

•The quality of Park’s credit review function.

•The experience, ability, and depth of Park’s lending, investment, collection, and other relevant management and staff.

•The effect of other external factors such as the regulatory, legal and technological environments; competition; geopolitical conflict; and events such as natural disasters or pandemics.

•Actual and expected changes in international, national, regional, and local economic and business conditions and developments in the markets in which Park operates that affect the collectability of financial assets.

•Where the U.S. economy is within a given credit cycle.

•The extent that there is government assistance (stimulus).

At September 30, 2023 and at December 31, 2022, Park had $2.4 million and $4.2 million, respectively, of PPP loans which were included in the commercial, financial and agricultural loan portfolio segment. These loans are guaranteed by the SBA and thus have not been reserved for using the same methodology as the rest of Park’s loan portfolio. A 10 basis point reserve at each of September 30, 2023 and December 31, 2022 was calculated for the PPP loans to reflect minimal credit risk.

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ACL Activity

The activity in the ACL for the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022 is summarized in the following tables:

	Three Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,278	$	19,141	$	4,886	$	18,419	$	28,370	$	112	$	87,206
Charge-offs	218		—		—		1		2,074		—		2,293
Recoveries	79		3		40		8		1,139		—		1,269
Net charge-offs/(recoveries)	$	139	$	(3)	$	(40)	$	(7)	$	935	$	—	$	1,024
(Recovery of) provision for credit losses	(1,171)		(526)		373		(1,437)		1,185		(4)		(1,580)
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

 

	Three Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	12,747	$	22,339	$	4,391	$	13,619	$	28,149	$	203	$	81,448
Charge-offs	543		—		—		—		1,169		36		1,748
Recoveries	110		36		20		20		884		1		1,071
Net charge-offs/(recoveries)	$	433	$	(36)	$	(20)	$	(20)	$	285	$	35	$	677
Provision for (recovery of) credit losses	563		(1,653)		87		1,464		2,699		30		3,190
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

	Nine Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,987	$	17,829	$	5,550	$	16,831	$	28,021	$	161	$	85,379
Impact of Adoption of ASU 2022-02	222		181		—		(20)		—		—		383
Charge-offs	755		530		—		44		5,884		—		7,213
Recoveries	209		235		548		479		3,487		—		4,958
Net charge-offs/(recoveries)	$	546	$	295	$	(548)	$	(435)	$	2,397	$	—	$	2,255
(Recovery of) provision for credit losses	(1,695)		903		(799)		(257)		2,996		(53)		1,095
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

	Nine Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	14,025	$	25,466	$	5,758	$	11,424	$	26,286	$	238	$	83,197
Charge-offs	1,456		598		33		81		3,287		42		5,497
Recoveries	544		624		550		106		2,859		2		4,685
Net charge-offs/(recoveries)	$	912	$	(26)	$	(517)	$	(25)	$	428	$	40	$	812
(Recovery of) provision for credit losses	(236)		(4,770)		(1,777)		3,654		4,705		—		1,576
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

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ACL Summary

Loans collectively evaluated for impairment in the following tables include all performing loans at September 30, 2023 and at December 31, 2022, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the ACL. Loans individually evaluated for impairment include all internally classified commercial nonaccrual loans at September 30, 2023 and all internally classified commercial nonaccrual loans and TDRs at December 31, 2022, which are individually evaluated for impairment in accordance with U.S. GAAP (see Note 1 - Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in Park’s 2022 Form 10-K).

The composition of the ACL at September 30, 2023 and at December 31, 2022 was as follows:

 

	September 30, 2023
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,122		$	205		$	95		$	—		$	—		$	—		$	3,422
Collectively evaluated for impairment	11,846			18,413			5,204			16,989			28,620			108			81,180
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	14,968		$	18,618		$	5,299		$	16,989		$	28,620		$	108		$	84,602
Loan balance:
Loans individually evaluated for impairment	$	17,257		$	19,869		$	1,124		$	2,237		$	—		$	352		$	40,839
Loans collectively evaluated for impairment	1,271,722			1,810,736			287,165			1,944,776			1,972,623			18,077			7,305,099
Accruing loans acquired with deteriorated credit quality	42			2,795			637			333			—			—			3,807
Total ending loan balance	$	1,289,021		$	1,833,400		$	288,926		$	1,947,346		$	1,972,623		$	18,429		$	7,349,745
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	18.09		%	1.03		%	8.45		%	—		%	—		%	—		%	8.38		%
Loans collectively evaluated for impairment	0.93		%	1.02		%	1.81		%	0.87		%	1.45		%	0.60		%	1.11		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.16		%	1.02		%	1.83		%	0.87		%	1.45		%	0.59		%	1.15		%

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	December 31, 2022
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,426		$	131		$	—		$	—		$	—		$	9		$	3,566
Collectively evaluated for impairment	13,561			17,698			5,550			16,831			28,021			152			81,813
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	16,987		$	17,829		$	5,550		$	16,831		$	28,021		$	161		$	85,379
Loan balance:
Loans individually evaluated for impairment	$	41,307		$	32,423		$	1,712		$	2,191		$	—		$	708		$	78,341
Loans collectively evaluated for impairment	1,259,524			1,758,118			323,043			1,794,302			1,904,981			18,929			7,058,897
Accruing loans acquired with deteriorated credit quality	102			3,513			660			378			—			—			4,653
Total ending loan balance	$	1,300,933		$	1,794,054		$	325,415		$	1,796,871		$	1,904,981		$	19,637		$	7,141,891
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	8.29		%	0.40		%	—		%	—		%	—		%	1.27		%	4.55		%
Loans collectively evaluated for impairment	1.08		%	1.01		%	1.72		%	0.94		%	1.47		%	0.80		%	1.16		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.31		%	0.99		%	1.71		%	0.94		%	1.47		%	0.82		%	1.20		%

Note 7 – Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At September 30, 2023 and at December 31, 2022, respectively, Park had $2.9 million and $2.1 million in mortgage loans held for sale. These amounts are included in loans on the Consolidated Condensed Balance Sheets and in the residential real estate loan portfolio segment in Note 5 - Loans, and Note 6 - Allowance for Credit Losses. The contractual balance was $2.8 million and $2.1 million at September 30, 2023 and at December 31, 2022, respectively. The gain expected upon sale was $44,000 and $41,000 at September 30, 2023 and at December 31, 2022, respectively. None of these loans were 90 days or more past due or on nonaccrual status at September 30, 2023 or at December 31, 2022.

During the three months ended June 30, 2022, Park transferred certain commercial loans held for investment, previously nonperforming, with an amortized cost of $6.3 million, to the loans held for sale portfolio. The transferred loans were recorded at the lower of cost or fair value, with a charge-off recorded in each instance where the fair value of an individual loan was deemed to be below the carrying cost at the time the loans were moved to the held for sale portfolio. The sale of $3.9 million in loans held for sale was subsequently completed during the three months ended September 30, 2022, and Park recognized a gain on sale of $495,000 which is recorded within "Miscellaneous income" on the Consolidated Condensed Statements of Income for the three months ended September 30, 2022. The remaining $2.4 million in loans held for sale were transferred back to loans held for investment at the lower of cost or fair value. No non-performing loans were held for sale or sold during the three months or the nine months ended September 30, 2023.

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Note 8 – Goodwill and Other Intangible Assets

The following table shows the activity in goodwill and other intangible assets for the three-month and the nine-month periods ended September 30, 2023 and 2022.

(in thousands)	Goodwill		Other intangible assets		Total
July 1, 2022	$	159,595	$	6,657	$	166,252
Amortization	—		341		341
September 30, 2022	$	159,595	$	6,316	$	165,911
July 1, 2023	$	159,595	$	5,320	$	164,915
Amortization	—		334		334
September 30, 2023	$	159,595	$	4,986	$	164,581

(in thousands)	Goodwill		Other intangible assets		Total
December 31, 2021	$	159,595	$	7,462	$	167,057
Amortization	—		1,146		1,146
September 30, 2022	$	159,595	$	6,316	$	165,911
December 31, 2022	$	159,595	$	5,975	$	165,570
Amortization	—		989		989
September 30, 2023	$	159,595	$	4,986	$	164,581

Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of the immediately prior March 31. Based on the qualitative analysis performed as of April 1, 2023, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired.

Acquired Intangible Assets

The following table shows the balance of acquired intangible assets at September 30, 2023 and at December 31, 2022.

	September 30, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Other intangible assets:
Core deposit intangible assets	$	14,456	$	9,470	$	14,456	$	8,481
Trade name intangible assets	1,300		1,300		1,300		1,300
Total	$	15,756	$	10,770	$	15,756	$	9,781

Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. Aggregate amortization expense was $334,000 and $341,000 for the three months ended September 30, 2023 and 2022, respectively, and was $989,000 and $1.1 million for the nine months ended September 30, 2023 and 2022, respectively.

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Estimated amortization expense related to core deposit intangible assets for the remainder of 2023 and the next four years follows:

(in thousands)	Total
Three months ending December 31, 2023	$	334
2024	1,215
2025	1,042
2026	887
2027	754

Note 9 – Investment in Qualified Affordable Housing

Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purposes of these investments are to achieve a satisfactory return on capital, help create affordable housing opportunities, and assist the Company to achieve its goals associated with the Community Reinvestment Act.

The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments at September 30, 2023 and December 31, 2022.

(in thousands)	September 30, 2023		December 31, 2022
Affordable housing tax credit investments	$	64,676	$	60,968
Unfunded commitments	31,553		28,132

Commitments are funded when capital calls are made by the general partner. Park expects that the current commitments will be funded between the remainder of 2023 through 2033.

Park recognized amortization expense of $2.1 million and $2.0 million, respectively, for the three months ended September 30, 2023 and 2022, and $6.3 million and $5.9 million, respectively, for the nine months ended September 30, 2023 and 2022, which were included within the provision for income taxes. Additionally, during the three months ended September 30, 2023 and 2022, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $2.6 million and $2.5 million, respectively, and during the nine months ended September 30, 2023 and 2022, recognized $7.6 million and $7.4 million, respectively, which were included within the provision for income taxes.

Note 10 – Foreclosed and Repossessed Assets

Park typically transfers a loan to OREO at the time that Park takes deed/title to the real estate property asset. The carrying amounts of foreclosed real estate properties held at September 30, 2023 and December 31, 2022 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	September 30, 2023		December 31, 2022
OREO:
Commercial real estate	$	1,354	$	1,354
Residential real estate	—		—
Total OREO	$	1,354	$	1,354
Loans in process of foreclosure:
Residential real estate	$	1,877	$	1,614

Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value, less costs to sell, when acquired. During the three months and the nine months ended September 30, 2022, Park recognized a $12.0 million OREO valuation markup related to the foreclosure and subsequent sale of a property collateralizing a former Vision Bank relationship. This income is included in "OREO valuation markup" on the Consolidated Condensed Statements of Income. There was no OREO

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valuation markup related to former Vision Bank relationships during the three months or the nine months ended September 30, 2023.

During the three months and the nine months ended September 30, 2022, Park recognized a $5.6 million gain on the sale of OREO related to former Vision Bank relationships. This income is included in "(Loss) gain on sale of OREO, net" on the Consolidated Condensed Statements of Income. There was no gain or loss on the sale of OREO related to former Vision Bank

relationships during the three months or the nine months ended September 30, 2023.

In addition to real estate, Park may also repossess different types of collateral. At September 30, 2023 and December 31, 2022, Park had $0.7 million and $0.6 million, respectively, in other repossessed assets which are included in "Other assets" on the Consolidated Condensed Balance Sheets.

Note 11 – Loan Servicing

Park serviced sold mortgage loans of $1.96 billion at September 30, 2023, $2.05 billion at December 31, 2022 and $2.09 billion at September 30, 2022. At September 30, 2023, $3.0 million of the sold mortgage loans were sold with recourse, compared to $3.2 million at December 31, 2022 and $3.3 million at September 30, 2022. Management closely monitors the delinquency rates on the mortgage loans sold with recourse. At September 30, 2023 and December 31, 2022, management had established reserves of $54,000 and $59,000, respectively, to account for expected losses on loan repurchases.

When Park sells mortgage loans with servicing rights retained, these servicing rights are initially recorded at fair value. Park has selected the “amortization method” as permissible within U.S. GAAP, whereby the servicing rights capitalized are amortized in proportion to and over the period of estimated future servicing income with respect to the underlying loan. At the end of each reporting period, the carrying value of MSRs is assessed for impairment with a comparison to fair value. MSRs are carried at the lower of their amortized cost or fair value. The amortization of MSRs is included within "Other service income" in the Consolidated Condensed Statements of Income.

Activity for MSRs and the related valuation allowance follows:

 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	15,237	$	16,470	$	15,792	$	15,264
Additions	169		254		437		1,336
Amortization	(462)		(592)		(1,366)		(1,804)
Change in valuation allowance	16		59		97		1,395
Carrying amount, net, end of period	$	14,960	$	16,191	$	14,960	$	16,191
Valuation allowance:
Beginning of period	$	101	$	232	$	182	$	1,568
Change in valuation allowance	(16)		(59)		(97)		(1,395)
End of period	$	85	$	173	$	85	$	173

Servicing fees included in "Other service income" were $1.3 million and $1.4 million for the three months ended September 30, 2023 and 2022, respectively, and were $3.9 million and $4.1 million for the nine months ended September 30, 2023 and 2022, respectively.

Note 12 - Leases

Park is a lessee in several noncancellable operating lease arrangements, primarily for retail branches, administrative and warehouse buildings, ATMs, and certain office equipment within its Ohio, North Carolina, South Carolina, and Kentucky markets. Certain of these leases contain renewal options for periods ranging from one year to five years. Park’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease arrangements include fixed payments plus, for many of Park’s real estate leases, variable payments such as Park's proportionate share of property taxes, insurance and common area maintenance.

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Park's operating lease ROU asset and lease liability are presented in “Operating lease ROU asset" and "Operating lease liability," respectively, on Park's Consolidated Condensed Balance Sheets. The carrying amounts of Park's ROU asset and lease liability at September 30, 2023 were $16.3 million and $17.4 million, respectively. At December 31, 2022, the carrying amounts of Park's ROU asset and lease liability were $17.6 million and $19.3 million, respectively. Park's operating lease expense is recorded in "Occupancy expense" on the Company's Consolidated Condensed Statements of Income.

Other information related to operating leases for the three-month and the nine-month periods ended September 30, 2023 and 2022 follows:

	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Lease cost
Operating lease cost	$	727	$	811	$	2,187	$	2,286
Sublease income	(73)		(63)		(199)		(189)
Total lease cost	$	654	$	748	$	1,988	$	2,097
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	890	$	766	$	2,734	$	2,307
ROU assets obtained in exchange for new operating lease liabilities	$	320	$	88	$	499	$	4,270
Reductions to ROU assets resulting from reductions to lease obligations	$	(753)	$	(697)	$	(2,307)	$	(2,090)

At each of September 30, 2023 and December 31, 2022, Park's operating leases had a weighted average remaining term of 10.0 years. The weighted average discount rate of Park's operating leases was 3.5% and 3.3% at September 30, 2023 and at December 31, 2022, respectively.

Undiscounted cash flows included in lease liabilities have expected contractual payments as follows:

(in thousands)	September 30, 2023
Three months ending December 31, 2023	$	884
2024	2,515
2025	2,169
2026	2,134
2027	2,040
Thereafter	11,474
Total undiscounted minimum lease payments	$	21,216
Present value adjustment	(3,790)
Total lease liabilities	$	17,426

Note 13 – Repurchase Agreement Borrowings

Securities sold under agreements to repurchase ("repurchase agreements") with customers represent funds deposited by customers, generally on an overnight basis, that are collateralized by investment securities owned by Park. Repurchase agreements with customers are included in "Short-term borrowings" on the Consolidated Condensed Balance Sheets.

All repurchase agreements are subject to terms and conditions of repurchase/security agreements between Park and the client and are accounted for as secured borrowings. Park's repurchase agreements consist of customer accounts and securities which are pledged on an individual security basis.

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At September 30, 2023 and at December 31, 2022, Park's repurchase agreement borrowings totaled $105.8 million and $227.3 million, respectively. These borrowings were collateralized with U.S. Government sponsored entities' asset-backed securities with a fair value of $179.0 million and $313.1 million at September 30, 2023 and at December 31, 2022, respectively. Declines in the value of the collateral would require Park to pledge additional securities. At September 30, 2023 and at December 31, 2022, Park had $1,106 million and $1,147 million, respectively, of available unpledged securities.

The table below shows the remaining contractual maturity of repurchase agreements by collateral pledged at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	105,786	$	—	$	—	$	—	$	105,786
	December 31, 2022
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	227,342	$	—	$	—	$	—	$	227,342

Note 14 - Derivatives

Park uses certain derivative financial instruments (or "derivatives") to meet the needs of Park's clients while managing the interest rate risk associated with certain transactions. Park does not use derivatives for speculative purposes. A summary of derivative financial instruments utilized by Park follows.

Interest Rate Swaps

Park utilizes interest rate swap agreements (or "interest rate swaps") as part of its asset-liability management strategy to help manage its interest rate risk position and as a means to meet the financing, interest rate and other risk management needs of qualifying commercial banking customers. The notional amount of the interest rate swaps does not represent the amount exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

Borrowing Derivatives: At September 30, 2023 and at December 31, 2022, Park had no borrowing derivatives. There was no interest expense recorded on swap transactions for the three-month period ended September 30, 2022. Interest expense recorded on swap transactions was $171,000 for the nine-month period ended September 30, 2022. Additionally, Park recognized a $154,000 gain, net of income taxes, related to borrowing swaps that was recorded in "Other comprehensive loss" on the Consolidated Condensed Statements of Comprehensive Income (Loss) during the nine-month period ended September 30, 2022. No gain (loss) related to borrowing swaps was recorded during the three-month period ended September 30, 2022.

Loan Derivatives: In conjunction with the Carolina Alliance acquisition, Park acquired interest rate swaps related to certain commercial loans. Simultaneously with borrowers entering into interest rate swaps, Carolina Alliance entered into offsetting interest rate swaps executed with a third party, such that Carolina Alliance minimized its net interest rate risk exposure resulting from such transactions. These interest rate swaps had a notional amount totaling $18.6 million and $21.7 million at September 30, 2023 and at December 31, 2022, respectively.

All of the Company's interest rate swaps were determined to be fully effective during each of the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022. As such, no amount of ineffectiveness has been included in net income. Therefore, the aggregate fair value of the interest rate swaps is recorded in "Other assets" and "Other liabilities" with changes in fair value recorded in "Other comprehensive loss". The amount included in "Accumulated other comprehensive loss, net of tax" would be reclassified to net income should the hedges no longer be considered effective. During the nine-month period ended September 30, 2022, Park recognized expense of $66,000, or $52,000, net of taxes, as the result of the early termination of a borrowing interest rate swap. There was no early termination expense related to borrowing interest rate swaps during the three-month period ended September 30, 2022 or during the three-month period or the nine-month period ended

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September 30, 2023. Park expects the outstanding hedges to remain fully effective during the remaining respective terms of the interest rate swaps.

Summary information about Park's interest rate swaps at September 30, 2023 and at December 31, 2022 follows:

	September 30, 2023			December 31, 2022
(In thousands, except weighted average data)	Loan Derivatives			Loan Derivatives
Notional amounts	$	18,584		$	21,700
Weighted average pay rates	4.512		%	4.553		%
Weighted average receive rates	4.512		%	4.553		%
Weighted average maturity (years)	6.8			7.9
Unrealized losses	$	—		$	—

Interest Rate Swaps

The following table reflects the interest rate swaps included in the Consolidated Condensed Balance Sheets at September 30, 2023 and at December 31, 2022.

(In thousands)	September 30, 2023				December 31, 2022
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	$	—	$	—	$	—	$	—
Matched interest rate swaps with counterparty	18,584		1,719		21,700		1,508
Total included in "Other assets"	$	18,584	$	1,719	$	21,700	$	1,508
Included in "Other liabilities":
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	$	18,584	$	(1,719)	$	21,700	$	(1,508)
Matched interest rate swaps with counterparty	—		—		—		—
Total included in "Other liabilities"	$	18,584	$	(1,719)	$	21,700	$	(1,508)

Mortgage Banking Derivatives

Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free-standing derivatives. In order to hedge the change in interest rates resulting from its commitments to fund the loans, the Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into. These mortgage banking derivatives are not designated as hedge relationships. The fair value of an interest rate lock is recorded at the time the commitment to fund the mortgage loan is executed and is adjusted for the expected exercise of the commitment before the loan is funded. Fair values of these mortgage banking derivatives are estimated based on changes in mortgage interest rates from the date the interest on the loan is locked. Changes in the fair values of these derivatives are included in "Other service income" in the Condensed Consolidated Statements of Income.

At September 30, 2023 and at December 31, 2022, Park had $1.7 million and $2.1 million, respectively, of interest rate lock commitments. The fair value of these mortgage banking derivatives was reflected by a derivative asset of $30,000 and $46,000 at September 30, 2023 and at December 31, 2022, respectively.

Other Derivatives

In connection with the sale of Park’s Class B Visa shares during 2009, Park entered into a swap agreement with the purchaser of the shares. The swap agreement adjusts for dilution in the conversion ratio of Class B Visa shares resulting from certain Visa litigation. At September 30, 2023 and at December 31, 2022, the fair value of the swap liability of $123,000 and $243,000, respectively, represented an estimate of the exposure based upon probability-weighted potential Visa litigation losses.

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Note 15 – Accumulated Other Comprehensive Loss

Other comprehensive loss components, net of tax, are shown in the following table for the three-month and the nine-month periods ended September 30, 2023 and 2022:

(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding (loss) gain on cash flow hedge		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at July 1, 2023		$	(6,680)	$	—	$	(90,106)	$	(96,786)
	Other comprehensive loss before reclassifications	—		—		(19,104)		(19,104)
Net current period other comprehensive loss		—		—		(19,104)		(19,104)
Ending balance at September 30, 2023		$	(6,680)	$	—	$	(109,210)	$	(115,890)
Beginning balance at July 1, 2022		$	(5,792)	$	—	$	(79,612)	$	(85,404)
	Other comprehensive loss before reclassifications	—		—		(39,939)		(39,939)
Net current period other comprehensive loss		—		—		(39,939)		(39,939)
Ending balance at September 30, 2022		$	(5,792)	$	—	$	(119,551)	$	(125,343)

(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding (loss) gain on cash flow hedge		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at January 1, 2023		$	(6,680)	$	—	$	(95,714)	$	(102,394)
	Other comprehensive loss before reclassifications	—		—		(13,496)		(13,496)
Net current period other comprehensive loss		—		—		(13,496)		(13,496)
Ending balance at September 30, 2023		$	(6,680)	$	—	$	(109,210)	$	(115,890)
Beginning balance at January 1, 2022		$	(5,792)	$	(206)	$	21,153	$	15,155
	Other comprehensive income (loss) before reclassifications	—		154		(140,704)		(140,550)
	Amounts reclassified from other comprehensive loss	—		52		—		52
Net current period other comprehensive income (loss)		—		206		(140,704)		(140,498)
Ending balance at September 30, 2022		$	(5,792)	$	—	$	(119,551)	$	(125,343)

During the three-month and the nine-month periods ended September 30, 2023, there were no reclassifications out of accumulated other comprehensive loss. During the three-month period ended September 30, 2022, there were no reclassifications out of accumulated other comprehensive loss. During the nine-month period ended September 30, 2022, there was $66,000 ($52,000 net of tax) reclassified out of accumulated other comprehensive loss due to a net loss on the early termination of a borrowing interest rate swap. This loss was recorded within "Miscellaneous" other expense on the Consolidated Condensed Statements of Income.

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Note 16 – Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three months and the nine months ended September 30, 2023 and 2022.

 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except common share and per common share data)	2023		2022		2023		2022
Numerator:
Net income	$	36,917	$	42,068	$	102,234	$	115,267
Denominator:
Weighted-average common shares outstanding	16,133,310		16,253,704		16,180,261		16,240,966
Effect of dilutive PBRSUs and TBRSUs	84,570		121,278		80,848		114,824
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs	16,217,880		16,374,982		16,261,109		16,355,790
Earnings per common share:
Basic earnings per common share	$	2.29	$	2.59	$	6.32	$	7.10
Diluted earnings per common share	$	2.28	$	2.57	$	6.29	$	7.05

Park awarded 54,698 PBRSUs and 52,335 PBRSUs to certain employees during the nine months ended September 30, 2023 and 2022, respectively. No PBRSUs were awarded during either of the three months ended September 30, 2023 or 2022.

Park repurchased an aggregate of 50,000 and 199,000 common shares during the three months and the nine months ended September 30, 2023, respectively, to fund the PBRSUs, the TBRSUs and the common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations. No common shares were repurchased during the three months or the nine months ended September 30, 2022.

Note 17 – Segment Information

The Corporation is a financial holding company headquartered in Newark, Ohio. The reportable segments for the Corporation are its chartered national bank subsidiary, PNB (headquartered in Newark, Ohio) and "All Other", which primarily consists of Park as the "Parent Company", GFSC and SEPH.

Management is required to disclose information about the different types of business activities in which a company engages and also information on the different economic environments in which a company operates, so that the users of the financial statements can better understand the company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park has two reportable segments, as: (i) discrete financial

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information is available for these reportable segments and (ii) the segments are aligned with internal reporting to Park’s Chief Executive Officer, who is the chief operating decision-maker.

	Operating Results for the three months ended September 30, 2023
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	96,078	$	(1,809)	$	94,269
Recovery of credit losses	(1,538)		(42)		(1,580)
Other income (loss)	27,888		(175)		27,713
Other expense	74,623		3,185		77,808
Income (loss) before income taxes	$	50,881	$	(5,127)	$	45,754
Income tax expense (benefit)	10,093		(1,256)		8,837
Net income (loss)	$	40,788	$	(3,871)	$	36,917
Assets (at September 30, 2023)	$	9,959,528	$	41,386	$	10,000,914

 

	Operating Results for the three months ended September 30, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	92,035	$	(1,207)	$	90,828
Provision for (recovery of) credit losses	3,235		(45)		3,190
Other income	28,918		17,776		46,694
Other expense	79,070		3,833		82,903
Income before income taxes	$	38,648	$	12,781	$	51,429
Income tax expense	7,133		2,228		9,361
Net income	$	31,515	$	10,553	$	42,068
Assets (at September 30, 2022)	$	9,816,644	$	38,403	$	9,855,047

	Operating Results for the nine months ended September 30, 2023
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	283,216	$	(5,177)	$	278,039
Provision for (recovery of) credit losses	1,901		(806)		1,095
Other income (loss)	77,241		(126)		77,115
Other expense	220,741		9,455		230,196
Income (loss) before income taxes	$	137,815	$	(13,952)	$	123,863
Income tax expense (benefit)	25,273		(3,644)		21,629
Net income (loss)	$	112,542	$	(10,308)	$	102,234

	Operating Results for the nine months ended September 30, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	254,818	$	(2,365)	$	252,453
Provision for (recovery of) credit losses	2,045		(469)		1,576
Other income	89,420		20,123		109,543
Other expense	209,500		10,824		220,324
Income before income taxes	$	132,693	$	7,403	$	140,096
Income tax expense	24,770		59		24,829
Net income	$	107,923	$	7,344	$	115,267

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The operating results in the “All Other” column are used to reconcile the segment totals to the Consolidated Condensed Statements of Income for the three-month and the nine-month periods ended September 30, 2023 and 2022. The reconciling amounts for consolidated total assets for the periods ended September 30, 2023 and 2022 consisted of the elimination of intersegment borrowings and the assets of the Parent Company, GFSC and SEPH which were not eliminated.

Note 18 - Share-Based Compensation

The Park National Corporation 2017 Long-Term Incentive Plan for Employees (the "2017 Employees LTIP") was adopted by the Board of Directors of Park on January 23, 2017 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 24, 2017. The 2017 Employees LTIP makes equity-based awards and cash-based awards available for grant to employee participants in the form of incentive stock options, nonqualified stock options, stock appreciation rights ("SARs"), restricted stock, restricted stock units, other stock-based awards and cash-based awards. Under the 2017 Employees LTIP, 750,000 common shares are authorized to be delivered in connection with grants under the 2017 Employees LTIP. The common shares to be delivered under the 2017 Employees LTIP are to consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. At September 30, 2023, 320,302 common shares were available for future grants under the 2017 Employees LTIP.

The Park National Corporation 2017 Long-Term Incentive Plan for Non-Employee Directors (the "2017 Non-Employee Directors LTIP") was adopted by the Board of Directors of Park on January 23, 2017 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 24, 2017. The 2017 Non-Employee Directors LTIP makes equity-based awards and cash-based awards available for grant to non-employee director participants in the form of nonqualified stock options, SARs, restricted stock, restricted stock units, other stock-based awards, and cash-based awards. Under the 2017 Non-Employee Directors LTIP, 150,000 common shares are authorized to be delivered in connection with grants under the 2017 Non-Employee Directors LTIP. The common shares to be delivered under the 2017 Non-Employee Directors LTIP are to consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. At September 30, 2023, 75,000 common shares were available for future grants under the 2017 Non-Employee Directors LTIP.

During the nine months ended September 30, 2023 and 2022, the Compensation Committee of the Board of Directors of Park granted awards of PBRSUs, under the 2017 Employees LTIP, covering an aggregate of 54,698 common shares and 52,335 common shares, respectively, to certain employees of Park and its subsidiaries. No awards were granted during either of the three months ended September 30, 2023 or 2022.

At September 30, 2023, Park reported 187,461 nonvested PBRSUs. The number of PBRSUs earned or settled will depend on the level of achievement with respect to certain performance criteria over a three-year period. The PBRSUs are also subject to subsequent service-based vesting.

A summary of changes in the common shares subject to nonvested PBRSUs for the nine months ended September 30, 2023 follows:

	Common shares subject to PBRSUs
Nonvested at January 1, 2023	199,650
Granted	54,698
Vested	(62,815)
Forfeited	(4,072)
Adjustment for performance conditions of PBRSUs (1)	—
Nonvested at September 30, 2023 (2)	187,461

(1) The number of PBRSUs earned depends on the level of achievement with respect to certain performance criteria. Adjustment herein, if any, represents the difference between the maximum number of common shares which could be earned and the actual number earned for those PBRSUs as to which the performance period was completed.

(2) Nonvested amount herein represents the maximum number of nonvested PBRSUs. As of September 30, 2023, an aggregate of 182,647 PBRSUs were expected to vest.

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A summary of awards vested during the three months and the nine months ended September 30, 2023 and 2022 follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
PBRSUs and TBRSUs vested	—	7,049	62,815	55,464
Common shares withheld to satisfy employee income tax withholding obligations	—	2,559	23,973	21,217
Net common shares issued	—	4,490	38,842	34,247

Share-based compensation expense of $1.3 million and $1.4 million was recognized for the three-month periods ended September 30, 2023 and 2022, respectively, and share-based compensation expense of $5.4 million and $4.8 million was recognized for the nine-month periods ended September 30, 2023 and 2022, respectively.

The following table details expected additional share-based compensation expense related to PBRSUs outstanding at September 30, 2023:

(In thousands)
Three months ending December 31, 2023	$	1,341
2024	4,337
2025	2,838
2026	1,184
2027	190
Total	$	9,890

Note 19 – Benefit Plans

Park has a noncontributory defined benefit pension plan (the "Pension Plan") covering substantially all of its employees. The Pension Plan provides benefits based on an employee’s years of service and compensation.

There were no Pension Plan contributions for any of the three-month or the nine-month periods ended September 30, 2023 and 2022. Additionally, no contributions are expected to be made during the remainder of 2023.

The following table shows the components of net periodic pension benefit income:

	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022		2023		2022
Service cost	$	1,559	$	2,437	$	4,677	$	7,311	Employee benefits
Interest cost	1,631		1,426		4,893		4,278		Other components of net periodic pension benefit income
Expected return on plan assets	(3,536)		(4,449)		(10,608)		(13,347)		Other components of net periodic pension benefit income
Recognized prior service cost (credit)	12		(4)		36		(12)		Other components of net periodic pension benefit income
Net periodic pension benefit income	$	(334)	$	(590)	$	(1,002)	$	(1,770)

Park has entered into Supplemental Executive Retirement Plan Agreements (the “SERP Agreements”) with certain key officers of Park and its subsidiaries which provide defined pension benefits in excess of limits imposed by federal tax law. The expense

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for the Corporation related to the SERP Agreements for the three months and the nine months ended September 30, 2023 and 2022 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022		2023		2022
Service cost	$	234	$	212	$	702	$	637	Employee benefits
Interest cost	176		183		527		549		Miscellaneous expense
Total SERP expense	$	410	$	395	$	1,229	$	1,186

Note 20 – Fair Value

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows:

•Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date.

•Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of “matrix pricing” to value debt securities absent the exclusive use of quoted prices.

•Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of individually evaluated collateral dependent loans is typically based on the fair value of the underlying collateral, which is estimated through third-party appraisals in accordance with Park's valuation requirements under its commercial and real estate loan policies.

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Assets and Liabilities Measured at Fair Value on a Recurring Basis:

The following table presents assets and liabilities measured at fair value on a recurring basis:

 

Fair Value Measurements at September 30, 2023 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2023
Assets
Investment securities:
Obligations of U.S. Government sponsored entities	$	—	$	37,300	$	—	$	37,300
Obligations of states and political subdivisions	—		389,097		—		389,097
U.S. Government sponsored entities’ asset-backed securities	—		640,282		—		640,282
Collateralized loan obligations	—		524,891		—		524,891
Corporate debt securities	—		11,460		6,126		17,586
Equity securities	2,328		—		466		2,794
Mortgage loans held for sale	—		2,866		—		2,866
Mortgage IRLCs	—		30		—		30
Loan interest rate swaps	—		1,719		—		1,719
Liabilities
Fair value swap	$	—	$	—	$	123	$	123
Loan interest rate swaps	—		1,719		—		1,719

 

Fair Value Measurements at December 31, 2022 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2022
Assets
Investment securities:
Obligations of U.S. Government sponsored entities	$	—	$	37,213	$	—	$	37,213
Obligations of states and political subdivisions	—		406,711		—		406,711
U.S. Government sponsored entities’ asset-backed securities	—		756,761		—		756,761
Collateralized loan obligations	—		516,539		—		516,539
Corporate debt securities	—		9,472		7,000		16,472
Equity securities	1,420		—		439		1,859
Mortgage loans held for sale	—		2,149		—		2,149
Mortgage IRLCs	—		46		—		46
Loan interest rate swaps	—		1,508		—		1,508
Liabilities
Fair value swap	$	—	$	—	$	243	$	243
Loan interest rate swaps	—		1,508		—		1,508

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The following methods and assumptions were used by the Company in determining the fair value of the financial assets and financial liabilities discussed above:

Interest rate swaps:  The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date (Level 2).

Investment securities: Fair values for investment securities are based on quoted market prices, where available (Level 1). If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows (Level 3).

Fair value swap: The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses and is classified as Level 3.

Mortgage interest rate lock commitments: Mortgage IRLCs are based on current secondary market pricing and are classified as Level 2.

Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using market prices for similar product types and, therefore, are classified in Level 2.

The following tables present a reconciliation of the beginning and ending balances of the Level 3 inputs for the three-month and the nine-month periods ended September 30, 2023 and 2022, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements
Three months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at July 1, 2023	$	6,116	$	455	$	(296)
Transfer into (out of) level 3, net	—		—		—
Total (losses) / gains
Included in other income / other expense	—		11		—
Included in other comprehensive income	10		—		—
Purchases, sales, issuances and settlements, other, net	—		—		173
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at July 1, 2022	$	—	$	491	$	(447)
Total losses
Included in other income / other expense	—		(22)		—
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

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Level 3 Fair Value Measurements
Nine months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at January 1, 2023	$	7,000	$	439	$	(243)
Transfers into (out of) level 3, net	11		—		—
Total (losses) / gains
Included in other income / other (expense)	—		27		(175)
Included in other comprehensive income	(885)		—		—
Purchases, sales, issuances and settlements, other, net	—		—		295
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at January 1, 2022	$	—	$	499	$	(226)
Total losses
Included in other income / other (expense)	—		(30)		(221)
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis:

The following methods and assumptions were used by the Company in determining the fair value of assets and liabilities measured at fair value on a nonrecurring basis as described below:

Individually evaluated collateral dependent loans: When a loan is individually evaluated, it is valued at the lower of cost or fair value. Collateral dependent loans which are individually evaluated and carried at fair value have been partially charged off or receive specific allocations of the allowance for credit losses. For collateral dependent loans, fair value is generally based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and the client’s business, resulting in a Level 3 fair value classification. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Additionally, valuations for all collateral dependent loans are updated annually, either through independent valuations by a licensed appraiser or a verification of value ("VOV") performed by an internal licensed appraiser, in accordance with Company policy. A VOV can only be used in select circumstances and verifies that the original appraised value has not deteriorated through property inspection, consideration of market conditions, and performance of all valuation methods utilized in a prior valuation.

After the adoption of ASU 2022-02 on January 1, 2023, loans individually evaluated for impairment include all internally classified commercial nonaccrual loans. Prior to the adoption of ASU 2022-02, loans individually evaluated for impairment included all internally classified commercial nonaccrual loans and accruing TDRs.

OREO: Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Fair value is based on recent real estate appraisals and is updated at least annually. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value.

Appraisals for both individually evaluated collateral dependent loans and OREO are performed by licensed appraisers. Appraisals are generally obtained to support the fair value of collateral. In general, there are three types of appraisals received by the Company: real estate appraisals, income approach appraisals, and lot development loan appraisals. These are discussed below:

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•Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales prices of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 15% discount to real estate appraised values which management expects will cover all disposition costs (including selling costs). This 15% discount is based on historical discounts to appraised values on sold OREO properties.

•Income approach appraisals typically incorporate the annual net operating income of the business divided by an appropriate capitalization rate, as determined by the appraiser. Management generally applies a 15% discount to income approach appraised values which management expects will cover all disposition costs (including selling costs).

•Lot development loan appraisals are typically performed using a discounted cash flow analysis. Appraisers determine an anticipated absorption period and a discount rate that takes into account an investor’s required rate of return based on recent comparable sales. Management generally applies a 6% discount to lot development appraised values, which is an additional discount above the net present value calculation included in the appraisal, to account for selling costs.

MSRs: MSRs are carried at the lower of cost or fair value. MSRs do not trade in active, open markets with readily observable prices. For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available. As such, management, with the assistance of a third-party specialist, determines fair value based on the discounted value of the future cash flows estimated to be received. Significant inputs include the discount rate and assumed prepayment speeds. The calculated fair value is then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified as Level 2.

The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Individually evaluated collateral dependent loans secured by real estate are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. At September 30, 2023 and December 31, 2022, there were no PCD loans carried at fair value. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken with respect to the property's value subsequent to the initial measurement.

At September 30, 2023 and December 31, 2022, there were no OREO properties held by Park that were carried at fair value due to fair value adjustments made subsequent to the initial OREO measurement.

Fair Value Measurements at September 30, 2023 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2023
Individually evaluated collateral dependent loans recorded at fair value:
Commercial real estate	$	—	$	—	$	2,289	$	2,289
Construction real estate	—		—		455		455
Residential real estate	—		—		186		186
Total individually evaluated collateral dependent loans recorded at fair value	$	—	$	—	$	2,930	$	2,930
MSRs	$	—	$	872	$	—	$	872

Fair Value Measurements at December 31, 2022 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2022
Individually evaluated collateral dependent loans recorded at fair value:
Commercial real estate	$	—	$	—	$	5,573	$	5,573
Residential real estate	—		—		200		200
Total individually evaluated collateral dependent loans recorded at fair value	$	—	$	—	$	5,773	$	5,773
MSRs	$	—	$	1,717	$	—	$	1,717

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The table below provides additional detail on those individually evaluated loans which are recorded at fair value as well as the remaining individually evaluated loan portfolio not included above. The remaining individually evaluated loans consist of 1) loans which are not collateral dependent, 2) loans which are not secured by real estate, and 3) loans carried at cost as the fair value of the underlying collateral or the present value of expected future cash flows on each of the loans exceeded the book value for each respective credit.

	September 30, 2023
(In thousands)	Loan Balance		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Total individually evaluated collateral dependent loans recorded at fair value	$	3,230	$	1,824	$	300	$	2,930
Remaining individually evaluated loans	37,609		244		3,122		34,487
Total individually evaluated loans	$	40,839	$	2,068	$	3,422	$	37,417

	December 31, 2022
(In thousands)	Loan Balance		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Total individually evaluated collateral dependent loans recorded at fair value	$	5,903	$	1,523	$	130	$	5,773
Remaining individually evaluated loans	72,438		252		3,436		69,002
Total individually evaluated loans	$	78,341	$	1,775	$	3,566	$	74,775

The (expense) income from credit adjustments related to individually evaluated loans carried at fair value was $(0.3) million and $7,000 for the three-month periods ended September 30, 2023 and 2022, respectively, and was $(0.9) million and $(1.0) million for the nine-month periods ended September 30, 2023 and 2022, respectively.

MSRs totaled $15.0 million at September 30, 2023. Of this $15.0 million MSR carrying balance, $0.9 million were recorded at fair value and included a valuation allowance of $85,000. The remaining $14.1 million were recorded at cost, as the fair value exceeded cost at September 30, 2023. At December 31, 2022, MSRs totaled $15.8 million. Of this $15.8 million MSR carrying balance, $1.7 million were recorded at fair value and included a valuation allowance of $182,000. The remaining $14.1 million were recorded at cost, as the fair value exceeded cost at December 31, 2022. The income related to MSRs carried at fair value during the three-month periods ended September 30, 2023 and September 30, 2022 was $16,000 and $59,000, respectively, and was $97,000 and $1.4 million for the nine-month periods ended September 30, 2023 and 2022, respectively.

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The following tables present qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2023 and December 31, 2022:

September 30, 2023
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Individually evaluated collateral dependent loans:
Commercial real estate	$	2,289	Sales comparison approach	Adj to comparables	0.0% - 202.0% (25.2%)
			Income approach	Capitalization rate	7.3% - 8.5% (7.8%)
Construction real estate	$	455	Sales comparison approach	Adj to comparables	0.0% - 20.0% (10.0%)
			Income approach	Capitalization rate	7.3% (7.3%)
Residential real estate	$	186	Sales comparison approach	Adj to comparables	1.2% - 78.6% (7.7%)

December 31, 2022
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Individually evaluated collateral dependent loans:
Commercial real estate	$	5,573	Sales comparison approach	Adj to comparables	0.0% - 202.0% (19.4%)
			Income approach	Capitalization rate	7.0% - 10.0% (7.9%)
			Cost approach	Entrepreneurial profit	10.0% - 12.0% (11.4%)
			Cost approach	Accumulated depreciation	38.8% (38.8%)
Residential real estate	$	200	Sales comparison approach	Adj to comparables	1.9% - 119.8% (17.4%)

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Assets Measured at Net Asset Value:

Park's portfolio of Partnership Investments is valued using the NAV practical expedient in accordance with ASC 820.

At September 30, 2023 and at December 31, 2022, Park had Partnership Investments with a NAV of $26.7 million and $24.4 million, respectively. At September 30, 2023 and at December 31, 2022, Park had $19.4 million and $20.3 million, respectively, in unfunded commitments related to these Partnership Investments. For the three-month periods ended September 30, 2023 and 2022, Park recognized income of $924,000 and $97,000, respectively, and for the nine-month periods ended September 30, 2023 and 2022, recognized income of $683,000 and $2.6 million, respectively, related to these Partnership Investments.

The fair value of certain financial instruments at September 30, 2023 and at December 31, 2022, was as follows:

	September 30, 2023
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	223,618	$	223,618	$	—	$	—	$	223,618
Investment securities (1)	1,609,156		—		1,603,030		6,126		1,609,156
Other investment securities (2)	2,794		2,328		—		466		2,794
Mortgage loans held for sale	2,866		—		2,866		—		2,866
Mortgage IRLCs	30		—		30		—		30
Individually evaluated loans carried at fair value	2,930		—		—		2,930		2,930
Other loans, net	7,259,317		—		—		7,086,524		7,086,524
Loans receivable, net	$	7,265,143	$	—	$	2,896	$	7,089,454	$	7,092,350
Financial liabilities:
Time deposits	$	603,165	$	—	$	601,491	$	—	$	601,491
Other	4,896		4,896		—		—		4,896
Deposits (excluding demand deposits)	$	608,061	$	4,896	$	601,491	$	—	$	606,387
Short-term borrowings	$	352,786	$	—	$	352,786	$	—	$	352,786
Subordinated notes	189,025		—		176,506		—		176,506
Derivative financial instruments - assets:
Loan interest rate swaps	$	1,719	$	—	$	1,719	$	—	$	1,719
Derivative financial instruments - liabilities:
Fair value swap	$	123	$	—	$	—	$	123	$	123
Loan interest rate swaps	1,719		—		1,719		—		1,719

(1) Includes debt securities AFS.

(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.

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	December 31, 2022
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	189,728	$	189,728	$	—	$	—	$	189,728
Investment securities (1)	1,733,696		—		1,726,696		7,000		1,733,696
Other investment securities (2)	1,859		1,420		—		439		1,859
Mortgage loans held for sale	2,149		—		2,149		—		2,149
Mortgage IRLCs	46		—		46		—		46
Individually evaluated loans carried at fair value	5,773		—		—		5,773		5,773
Other loans, net	7,048,544		—		—		6,918,326		6,918,326
Loans receivable, net	$	7,056,512	$	—	$	2,195	$	6,924,099	$	6,926,294
Financial liabilities:
Time deposits	$	554,445	$	—	$	552,443	—		$	552,443
Other	1,325		1,325		—		—		1,325
Deposits (excluding demand deposits)	$	555,770	$	1,325	$	552,443	$	—	$	553,768
Short-term borrowings	$	227,342	$	—	$	227,342	$	—	$	227,342
Subordinated notes	188,667		—		177,928		—		177,928
Derivative financial instruments - assets:
Loan interest rate swaps	$	1,508	$	—	$	1,508	$	—	$	1,508
Derivative financial instruments - liabilities:
Fair value swap	$	243	$	—	$	—	$	243	$	243
Loan interest rate swaps	1,508		—		1,508		—		1,508

(1) Includes debt securities AFS.

(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.

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Note 21 - Revenue from Contracts with Customers

All of Park's revenue from contracts with customers within the scope of ASC 606 is recognized within "Other income" in the Consolidated Condensed Statements of Income.

The following tables present the Corporation's sources of other income by revenue stream and operating segment for the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022:

	Three Months Ended September 30, 2023
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	2,593	$	—	$	2,593
Employee benefit and retirement-related accounts	2,568		—		2,568
Investment management and investment advisory agency accounts	3,407		—		3,407
Other	532		—		532
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	943		—		943
Demand deposit account (DDA) charges	1,060		—		1,060
Other	106		—		106
Other service income (1)
Credit card	719		—		719
HELOC	100		—		100
Installment	39		—		39
Real estate	1,497		—		1,497
Commercial	260		—		260
Debit card fee income	6,652		—		6,652
Bank owned life insurance income (2)	1,394		54		1,448
ATM fees	575		—		575
Loss on sale of OREO, net	(6)		—		(6)
OREO valuation markup	—		—		—
Gain (loss) on equity securities, net (2)	1,264		(266)		998
Other components of net periodic pension benefit income (2)	1,857		36		1,893
Miscellaneous (3)	2,328		1		2,329
Total other income	$	27,888	$	(175)	$	27,713

(1) Of the $2.6 million of aggregate revenue included within "Other service income", approximately $1.3 million was within the scope of ASC 606, with the remaining $1.3 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $2.3 million, all of which were within the scope of ASC 606.

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	Three Months Ended September 30, 2022
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	2,411	$	—	$	2,411
Employee benefit and retirement-related accounts	2,353		—		2,353
Investment management and investment advisory agency accounts	3,000		—		3,000
Other	452		—		452
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	1,722		—		1,722
Demand deposit account (DDA) charges	996		—		996
Other	141		—		141
Other service income (1)
Credit card	734		—		734
HELOC	103		—		103
Installment	40		—		40
Real estate	1,692		—		1,692
Commercial	384		3		387
Debit card fee income	6,514		—		6,514
Bank owned life insurance income (2)	1,133		52		1,185
ATM fees	610		—		610
Gain on sale of OREO, net	—		5,607		5,607
OREO valuation markup	—		12,009		12,009
Gain on equity securities, net (2)	25		33		58
Other components of net periodic pension benefit income (2)	2,955		72		3,027
Miscellaneous (3)	3,653		—		3,653
Total other income	$	28,918	$	17,776	$	46,694

(1) Of the $3.0 million of aggregate revenue included within "Other service income", approximately $1.4 million was within the scope of ASC 606, with the remaining $1.6 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $3.7 million, all of which were within the scope of ASC 606.

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	Nine Months Ended September 30, 2023
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	7,668	$	—	$	7,668
Employee benefit and retirement-related accounts	7,507		—		7,507
Investment management and investment advisory agency accounts	9,842		—		9,842
Other	1,514		—		1,514
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	2,864		—		2,864
Demand deposit account (DDA) charges	3,167		—		3,167
Other	360		—		360
Other service income (1)
Credit card	2,132		—		2,132
HELOC	297		—		297
Installment	123		—		123
Real estate	4,462		—		4,462
Commercial	802		135		937
Debit card fee income	19,939		—		19,939
Bank owned life insurance income (2)	3,807		158		3,965
ATM fees	1,661		—		1,661
Loss on sale of OREO, net	(3)		—		(3)
OREO valuation markup	15		—		15
Gain (loss) on equity securities, net (2)	1,146		(528)		618
Other components of net periodic pension benefit income (2)	5,571		108		5,679
Miscellaneous (3)	4,367		1		4,368
Total other income	$	77,241	$	(126)	$	77,115

(1) Of the $8.0 million of aggregate revenue included within "Other service income", approximately $4.1 million was within the scope of ASC 606, with the remaining $3.9 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $4.4 million, all of which were within the scope of ASC 606.

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	Nine Months Ended September 30, 2022
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	7,681	$	—	$	7,681
Employee benefit and retirement-related accounts	7,384		—		7,384
Investment management and investment advisory agency accounts	9,403		—		9,403
Other	1,404		—		1,404
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	4,658		—		4,658
Demand deposit account (DDA) charges	2,425		—		2,425
Other	413		—		413
Other service income (1)
Credit card	2,091		—		2,091
HELOC	297		—		297
Installment	128		—		128
Real estate	8,685		—		8,685
Commercial	1,039		475		1,514
Debit card fee income	19,371		—		19,371
Bank owned life insurance income (2)	3,356		1,378		4,734
ATM fees	1,725		—		1,725
Gain on sale of OREO, net	4		5,607		5,611
OREO valuation markup	30		12,009		12,039
Gain on equity securities, net (2)	2,285		835		3,120
Other components of net periodic pension benefit income (2)	8,864		217		9,081
Miscellaneous (3)	8,177		(398)		7,779
Total other income	$	89,420	$	20,123	$	109,543

(1) Of the $12.7 million of aggregate revenue included within "Other service income", approximately $4.3 million was within the scope of ASC 606, with the remaining $8.4 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $7.8 million, all of which were within the scope of ASC 606.

A description of Park's material revenue streams accounted for under ASC 606 follows:

Income from fiduciary activities (gross): Park earns fiduciary fee income and investment brokerage fees from its contracts with trust customers for various fiduciary and investment-related services. These fees are earned over time as the Company provides the contracted monthly and quarterly services and are generally assessed based on the market value of the trust assets.

Service charges on deposit accounts and ATM fees: The Corporation earns fees from the Corporation's deposit customers for transaction-based, account maintenance, and overdraft services. Fees for transaction-based services, which include services such as ATM use fees, stop payment charges, statement rendering fees, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are generally recognized at the end of the month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Other service income: Other service income includes income from (1) the sale and servicing of loans sold to the secondary market, (2) incentive income from third-party credit card issuers, and (3) loan customers for various loan-related activities and services. Income related to the sale and servicing of loans sold to the secondary market is included within "Other service income", but is not within the scope of ASC 606. Services that fall within the scope of ASC 606 are recognized as revenue when the Company satisfies the Company's performance obligation to the customer.

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Debit card fee income: Park earns interchange fees from debit cardholder transactions conducted primarily through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, net of card network fees, concurrently with the transaction processing services provided to the cardholder.

Gain or loss on sale of OREO, net: The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of delivery of an executed deed. When Park finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the buyer's obligation under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.

OREO valuation markup: The Corporation records an OREO valuation markup immediately prior to the transfer of a loan to OREO when the fair market value of the property less costs to sell exceeds the principal balance of the loan.

ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS

Management’s discussion and analysis contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.

Risks and uncertainties that could cause actual results to differ materially include, without limitation:

•Park's ability to execute our business plan successfully and within the expected timeframe as well as our ability to manage strategic initiatives;

•current and future economic and financial market conditions, either nationally or in the states in which Park and our subsidiaries do business, that may reflect deterioration in business and economic conditions, including the effects of higher unemployment rates or labor shortages, the impact of persistent inflation, the impact of continued elevated interest rates, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, U.S. fiscal debt, budget and tax matters, geopolitical matters (including the impact of the Russia-Ukraine conflict and associated sanctions and export controls as well as the Israel-Hamas conflict), and any slowdown in global economic growth, any of which may result in adverse impacts on the demand for loan, deposit and other financial services, delinquencies, defaults and counterparties' inability to meet credit and other obligations and the possible impairment of collectability of loans;

•factors that can impact the performance of our loan portfolio, including changes in real estate values and liquidity in our primary market areas, the financial health of our commercial borrowers and the success of construction projects that we finance;

•the effect of monetary and other fiscal policies (including the impact of money supply, ongoing increasing market interest rate policies and policies impacting inflation, of the Federal Reserve Board, the U.S. Treasury and other governmental agencies) as well as disruption in the liquidity and functioning of U.S. financial markets, may adversely impact prepayment penalty income, mortgage banking income, income from fiduciary activities, the value of securities, deposits and other financial instruments, in addition to the loan demand and the performance of our loan portfolio, and the interest rate sensitivity of our consolidated balance sheet as well as reduce net interest margins;

•changes in the federal, state, or local tax laws may adversely affect the fair values of net deferred tax assets and obligations of state and political subdivisions held in Park's investment securities portfolio and otherwise negatively impact our financial performance;

•the impact of the changes in federal, state and local governmental policy, including the regulatory landscape, capital markets, elevated government debt, potential changes in tax legislation that may increase tax rates, government shutdown, infrastructure spending and social programs;

•changes in laws or requirements imposed by Park's regulators impacting Park's capital actions, including dividend payments and stock repurchases;

•changes in consumer spending, borrowing and saving habits, whether due to changes in retail distribution strategies, consumer preferences and behaviors, changes in business and economic conditions, legislative and regulatory initiatives, or other factors may be different than anticipated;

•changes in customers', suppliers', and other counterparties' performance and creditworthiness, and Park's expectations regarding future credit losses and our allowance for credit losses, may be different than anticipated due to the continuing impact of and the various responses to inflationary pressures and continued elevated interest rates;

•Park may have more credit risk and higher credit losses to the extent there are loan concentrations by location or industry of borrowers or collateral;

•the volatility from quarter to quarter of mortgage banking income, whether due to interest rates, demand, the fair value of mortgage loans, or other factors;

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•the adequacy of our internal controls and risk management program in the event of changes in the market, economic, operational (including those which may result from our associates working remotely), asset/liability repricing, legal, compliance, strategic, cybersecurity, liquidity, credit and interest rate risks associated with Park's business;

•competitive pressures among financial services organizations could increase significantly, including product and pricing pressures (which could in turn impact our credit spreads), changes to third-party relationships and revenues, changes in the manner of providing services, customer acquisition and retention pressures, and Park's ability to attract, develop and retain qualified banking professionals;

•uncertainty regarding the nature, timing, cost and effect of changes in banking regulations or other regulatory or legislative requirements affecting the respective businesses of Park and our subsidiaries, including major reform of the regulatory oversight structure of the financial services industry and changes in laws and regulations concerning taxes, FDIC insurance premium levels, pensions, bankruptcy, consumer protection, rent regulation and housing, financial accounting and reporting, environmental protection, insurance, bank products and services, bank and bank holding company capital and liquidity standards, fiduciary standards, securities and other aspects of the financial services industry;

•Park's ability to meet heightened supervisory requirements and expectations;

•the effect of changes in accounting policies and practices, as may be adopted by the Financial Accounting Standards Board (the "FASB"), the SEC, the Public Company Accounting Oversight Board and other regulatory agencies, may adversely affect Park's reported financial condition or results of operations;

•Park's assumptions and estimates used in applying critical accounting policies and modeling which may prove unreliable, inaccurate or not predictive of actual results;

•the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions;

•Park's ability to anticipate and respond to technological changes and Park's reliance on, and the potential failure of, a number of third-party vendors to perform as expected, including Park's primary core banking system provider, which can impact Park's ability to respond to customer needs and meet competitive demands;

•operational issues stemming from and/or capital spending necessitated by the potential need to adapt to industry changes in information technology systems on which Park and our subsidiaries are highly dependent;

•Park's ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks, including those of Park's third-party vendors and other service providers, which may prove inadequate, and could adversely affect customer confidence in Park and/or result in Park incurring a financial loss;

•a failure in or breach of Park's operational or security systems or infrastructure, or those of our third-party vendors and other service providers, resulting in failures or disruptions in customer account management, general ledger, deposit, loan, or other systems, including as a result of cyber attacks;

•the impact on Park's business and operating results of any costs associated with obtaining rights in intellectual property claimed by others and of the adequacy of Park's intellectual property protection in general;

•the existence or exacerbation of general geopolitical instability and uncertainty as well as the effect of trade policies (including the impact of potential or imposed tariffs, a U.S. withdrawal from or significant renegotiation of trade agreements, trade wars and other changes in trade regulations, closing of border crossings and changes in the relationship of the U.S. and its global trading partners);

•the impact on financial markets and the economy of any changes in the credit ratings of the U.S. Treasury obligations and other U.S. government-backed debt, as well as issues surrounding the levels of U.S., European and Asian government debt and concerns regarding the growth rates and financial stability of certain sovereign governments, supranationals and financial institutions in Europe and Asia and the risk they may face difficulties servicing their sovereign debt;

•the effect of a fall in stock market prices on Park's asset and wealth management businesses;

•our litigation and regulatory compliance exposure, including the costs and effects of any adverse developments in legal proceedings or other claims, the costs and effects of unfavorable resolution of regulatory and other governmental examinations or other inquiries, and liabilities and business restrictions resulting from litigation and regulatory investigations;

•continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends;

•the impact on Park's business, personnel, facilities or systems of losses related to acts of fraud, scams and schemes of third parties;

•the impact of widespread natural and other disasters, pandemics (including the COVID-19 pandemic), dislocations, regional or national protests and civil unrest (including any resulting branch closures or damages), military or terrorist activities or international hostilities (especially in light of the Russia-Ukraine conflict and the Israel-Hamas conflict) on the economy and financial markets generally and on us or our counterparties specifically;

•the potential further deterioration of the U.S. economy due to financial, political, or other shocks;

•the effect of healthcare laws in the U.S. and potential changes for such laws which may increase our healthcare and other costs and negatively impact our operations and financial results;

•the impact of larger or similar-sized financial institutions encountering problems, such as the recent closures of Silicon Valley Bank in California, Signature Bank in New York, First Republic Bank in California, and Heartland Tri-State Bank in Kansas, which may adversely affect the banking industry and/or Park's business generation and retention, funding and liquidity, including potential increased regulatory requirements and increased reputational risk and potential impacts to macroeconomic conditions;

•Park's continued ability to grow deposits or maintain adequate deposit levels in light of the recent bank failures;

•unexpected outflows of deposits which may require Park to sell investment securities at a loss;

•and other risk factors relating to the financial services industry as detailed from time to time in Park's reports filed with the SEC including those described in "Item 1A. Risk Factors" of Part I of Park's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, in "Item 1A. Risk Factors" of Part II of Park's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023, in "Item 1A. Risk Factors" of Part II of Park's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 and in "Item 1A. Risk Factors" of Part II of this Quarterly Report on Form 10-Q.

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Park does not undertake, and specifically disclaims any obligation, to publicly release the results of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement was made, or reflect the occurrence of unanticipated events, except to the extent required by applicable law.

Non-U.S. GAAP Financial Measures

This Management's Discussion and Analysis (or "MD&A") contains non-U.S. GAAP financial measures where management believes them to be helpful in understanding Park’s results of operations or financial position. Where non-U.S. GAAP financial measures are used, the comparable U.S. GAAP financial measures, as well as the reconciliation from the comparable U.S. GAAP financial measures, can be found herein.

Items Impacting Comparability of Period Results

From time to time, revenue, expenses and/or taxes are impacted by items judged by management of Park to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by management of Park at that time to be infrequent or short-term in nature. Most often, these items impacting comparability of period results are due to merger and acquisition activities and revenue and expenses related to former Vision Bank loan relationships. In other cases, they may result from management's decisions associated with significant corporate actions outside of the ordinary course of business.

Even though certain revenue and expense items are naturally subject to more volatility than others due to changes in market and economic environment conditions, as a general rule volatility alone does not result in the inclusion of an item as one impacting comparability of period results. For example, changes in the provision for (recovery of) credit losses (aside from those related to former Vision Bank loan relationships), gains (losses) on equity securities, net, and asset valuation adjustments, reflect ordinary banking activities and are, therefore, typically excluded from consideration as items impacting comparability of period results.

Management believes the disclosure of items impacting comparability of period results provides a better understanding of Park's performance and trends and allows management to ascertain which of such items, if any, to include or exclude from an analysis of Park's performance; i.e., within the context of determining how that performance differed from expectations, as well as how, if at all, to adjust estimates of future performance taking such items into account.

Items impacting comparability of the results of particular periods are not intended to be a complete list of items that may materially impact current or future period performance.

Non-U.S. GAAP Financial Measures

Park's management uses certain non-U.S. GAAP financial measures to evaluate Park's performance. Specifically, management reviews the return on average tangible equity, the return on average tangible assets, the tangible equity to tangible assets ratio, tangible book value per common share and pre-tax, pre-provision net income.

Management has included in the tables included within the "Items Impacting Comparability" section of this MD&A information relating to the annualized return on average tangible equity, the annualized return on average tangible assets, the tangible equity to tangible assets ratio, tangible book value per common share and pre-tax, pre-provision net income for the three months and the nine months ended and at September 30, 2023 and September 30, 2022. For the purpose of calculating the annualized return on average tangible equity, a non-U.S. GAAP financial measure, net income for each period is divided by average tangible equity during the period. Average tangible equity equals average shareholders' equity during the applicable period less average goodwill and other intangible assets during the applicable period. For the purpose of calculating the annualized return on average tangible assets, a non-U.S. GAAP financial measure, net income for each period is divided by average tangible assets during the period. Average tangible assets equals average assets during the applicable period less average goodwill and other intangible assets during the applicable period. For the purpose of calculating the tangible equity to tangible assets ratio, a non-U.S. GAAP financial measure, tangible equity is divided by tangible assets. Tangible equity equals total shareholders' equity less goodwill and other intangible assets, in each case at period end. Tangible assets equal total assets less goodwill and other intangible assets, in each case at period end. For the purpose of calculating tangible book value per common share, a non-U.S. GAAP financial measure, tangible equity is divided by the number of common shares outstanding, in each case at period end. For the purpose of calculating pre-tax, pre-provision net income, a non-U.S. GAAP financial measure, income taxes and the provision for (recovery of) credit losses are added back to net income, in each case during the applicable period.

Management believes that the disclosure of the annualized return on average tangible equity, the annualized return on average tangible assets, the tangible equity to tangible assets ratio, tangible book value per common share and pre-tax, pre-provision net

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income presents additional information to the reader of the condensed consolidated financial statements, which, when read in conjunction with the condensed consolidated financial statements prepared in accordance with U.S. GAAP, assists in analyzing Park's operating performance, ensures comparability of operating performance from period to period, and facilitates comparisons with the performance of Park's peer financial holding companies and bank holding companies, while eliminating certain non-operational effects of acquisitions. In the tables included within the "Items Impacting Comparability" section of this MD&A, Park has provided a reconciliation of average tangible equity from average shareholders' equity, average tangible assets from average assets, tangible equity from total shareholders' equity, tangible assets from total assets, and pre-tax, pre-provision net income from net income solely for the purpose of complying with SEC Regulation G and not as an indication that the annualized return on average tangible equity, the annualized return on average tangible assets, the tangible equity to tangible assets ratio, tangible book value per common share and pre-tax, pre-provision net income are substitutes for the annualized return on average equity, the annualized return on average assets, the total shareholders' equity to total assets ratio, book value per common share and net income, respectively, as determined in accordance with U.S. GAAP.

FTE (fully taxable equivalent) Financial Measures

Interest income, yields, and ratios on a FTE basis are considered non-U.S. GAAP financial measures. Management believes net interest income on a FTE basis provides an insightful picture of the interest margin for comparison purposes. The FTE basis also allows management to assess the comparability of revenue arising from both taxable and tax-exempt sources. The FTE basis assumes a federal corporate income tax rate of 21 percent. In the tables included within the "Items Impacting Comparability" section of this MD&A, Park has provided a reconciliation of FTE interest income solely for the purpose of complying with SEC Regulation G and not as an indication that FTE interest income, yields and ratios are substitutes for interest income, yields and ratios, as determined in accordance with U.S. GAAP.

Critical Accounting Policies

Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2022 Form 10-K lists significant accounting policies used in the development and presentation of Park’s consolidated financial statements. The accounting and reporting policies of Park conform with U.S. GAAP and general practices within the financial services industry. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.

Allowance for Credit Losses: Park believes the determination of the allowance for credit losses involves a higher degree of judgment and complexity than its other significant accounting policies. The allowance for credit losses is calculated with the objective of maintaining a reserve level believed by management to be sufficient to absorb estimated credit losses over the life of an asset or an off-balance sheet credit exposure. Management’s determination of the adequacy of the allowance for credit losses is based on periodic evaluations of past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. However, this evaluation has subjective components requiring material estimates, including expected default probabilities, the expected LGD, the amounts and timing of expected future cash flows on individually evaluated loans, and estimated losses based on historical loss experience and forecasted economic conditions. All of these factors may be susceptible to significant change. To the extent that actual results differ from management estimates, additional provisions for credit losses may be required that would adversely impact earnings in future periods.

One of the most significant judgments impacting the ACL estimate is the economic forecast for Ohio unemployment, Ohio GDP, and Ohio HPI. Changes in the economic forecast could significantly affect the estimated credit losses which could potentially lead to materially different allowance levels from one reporting period to the next.

In calculating the ACL, management weighs several different scenarios, including a baseline (most likely) scenario and an adverse scenario. To create hypothetical sensitivity analyses, management calculated a quantitative allowance using a 100% weighting applied to a baseline scenario and a quantitative allowance using a 100% weighting applied to an adverse scenario. The adverse scenario assumes among other things that: (1) disagreements in Congress result in a longer shutdown of the federal government than in the baseline; (2) the Russian invasion of Ukraine persists longer than expected; (3) tensions between China and Taiwan increase and China briefly interrupts trade through the Taiwan Strait, worsening supply chain issues and eroding consumer and business confidence; (4) the Federal Reserve Board keeps the fed funds rate elevated through the fourth quarter of 2023 due to continued concerns about inflation, but starts to ease subsequently because of weakening economic conditions; (5) recent bank failures raise fears of further collapse in the banking industry, reducing consumer confidence and causing banks to tighten lending standards; and (6) the economy falls into recession in the fourth quarter of 2023. The adverse scenario forecasts Ohio unemployment for the next twelve months to range from 6.2% to 8.8%. Excluding consideration of general reserve adjustments, this sensitivity analysis would result in a hypothetical increase in Park's ACL of $26.4 million as of

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September 30, 2023 if only the adverse scenario was used. Excluding consideration of general reserve adjustments, a corresponding $26.4 million decrease in Park's ACL would occur in a hypothetical scenario if only the baseline (most likely) scenario was used.

Refer to the "Credit Metrics and (Recovery of) Provision for Credit Losses" section of this MD&A for additional discussion.

Goodwill: Management believes that the accounting for goodwill also involves a higher degree of judgment than most other significant accounting policies. U.S. GAAP establishes standards for the impairment assessment of goodwill. Goodwill arising from business combinations represents the value attributable to unidentifiable intangible assets in each business acquired. Park’s goodwill, as of September 30, 2023, relates to the value inherent in the financial services industry and that value is dependent upon the ability of Park’s national bank subsidiary, PNB, to provide quality, cost-effective banking services in a competitive marketplace. The goodwill value is supported by revenue that is in part driven by the volume of business transacted. A decrease in earnings resulting from a decline in the customer base, the inability to deliver cost-effective services over sustained periods or significant credit problems could lead to impairment of goodwill that could, in turn, adversely impact earnings in future periods.

U.S. GAAP requires an annual evaluation of goodwill for impairment, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of the immediately preceding March 31. Based on the qualitative analysis performed as of April 1, 2023, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired. The fair value of the goodwill, which resides on the books of PNB, is evaluated for potential impairment by reviewing the past and projected operating results for PNB, deposit and loan totals for PNB and financial services industry comparable information.

Pension Plan: The determination of pension plan obligations and related expenses requires the use of assumptions to estimate the amount of benefits that employees will earn while working, as well as the present value of those benefits. Annual pension expense is principally based on four components: (1) the value of benefits earned by employees for working during the year (service cost), (2) the increase in the liability due to the passage of time (interest cost), and (3) other gains and losses, reduced by (4) the expected return on plan assets for our pension plan. On January 1, 2023, the pension plan was amended to update the pension plan's benefit formula, vesting schedule and the hours of service basis. These changes were taken into account in the calculation of annual pension expense.

Significant assumptions used to measure our annual pension expense include:

•the interest rate used to determine the present value of liabilities (discount rate);

•certain employee-related factors, such as turnover, retirement age and mortality;

•the expected return on assets in our funded pension plan; and

•the rate of salary increases where benefits are based on earnings.

Our assumptions reflect our historical experience and management’s best judgment regarding future expectations. Due to the significant management judgment involved, our assumptions could have a material impact on the measurement of our pension plan expense and obligation.

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Comparison of Results of Operations

For the Three and Nine Months Ended September 30, 2023 and 2022

Summary Discussion of Results

Net income for the three months ended September 30, 2023 was $36.9 million, compared to $42.1 million for the third quarter of 2022. Diluted earnings per common share were $2.28 for the third quarter of 2023, compared to $2.57 for the third quarter of 2022. Weighted average diluted common shares outstanding were 16,217,880 for the third quarter of 2023, compared to 16,374,982 weighted average diluted common shares outstanding for the third quarter of 2022.

Net income for the nine months ended September 30, 2023 was $102.2 million, compared to $115.3 million for the first nine months of 2022. Diluted earnings per common share were $6.29 for the first nine months of 2023, compared to $7.05 for the first nine months of 2022. Weighted average diluted common shares outstanding were 16,261,109 for the first nine months of 2023, compared to 16,355,790 weighted average diluted common shares outstanding for the first nine months of 2022.

The following table reflects Park's consolidated net income for the third quarters of each of 2023 and 2022 and for the the first nine months of each of 2023 and 2022 (the nine months ended September 30).

(In thousands)	Q3 2023		Q3 2022		Nine months YTD 2023		Nine months YTD 2022		$ change Q to Q		% change Q to Q		$ change YTD to YTD		% change YTD to YTD
Net interest income	$	94,269	$	90,828	$	278,039	$	252,453	$	3,441	3.8	%	$	25,586	10.1	%
(Recovery of) provision for credit losses	(1,580)		3,190		1,095		1,576		$	(4,770)	N.M.		$	(481)	(30.5)	%
Other income	27,713		46,694		77,115		109,543		$	(18,981)	(40.6)	%	$	(32,428)	(29.6)	%
Other expense	77,808		82,903		230,196		220,324		$	(5,095)	(6.1)	%	$	9,872	4.5	%
Income before income taxes	$	45,754	$	51,429	$	123,863	$	140,096	$	(5,675)	(11.0)	%	$	(16,233)	(11.6)	%
Income tax expense	8,837		9,361		21,629		24,829		$	(524)	(5.6)	%	$	(3,200)	(12.9)	%
Net income	$	36,917	$	42,068	$	102,234	$	115,267	$	(5,151)	(12.2)	%	$	(13,033)	(11.3)	%
Pre-tax, pre-provision net income (1)	$	44,174	$	54,619	$	124,958	$	141,672	$	(10,445)	(19.1)	%	$	(16,714)	(11.8)	%

(1) Pre-tax, pre-provision ("PTPP") net income is calculated as net income, (minus) plus income taxes, plus the (recovery of) provision for credit losses, in each case during the applicable period.

Highlights from the three-month and nine-month periods ended September 30, 2023 and 2022 included:

•During the three months ended September 30, 2023, Park recorded interest income of $16,000 related to PPP loans, compared to $361,000 for the three months ended September 30, 2022. During the nine months ended September 30, 2023, Park recorded interest income of $57,000 related to PPP loans, compared to $3.0 million for the nine months ended September 30, 2022.

•Park recognized a $5.6 million gain on the sale of OREO, net, during the three months and the nine months ended September 30, 2022 related to former Vision Bank relationships. There was no gain or loss on the sale of OREO, net, related to former Vision Bank relationships during the three months or the nine months ended September 30, 2023.

•Park recognized a $12.0 million OREO valuation markup during the three months and the nine months ended September 30, 2022 related to the foreclosure and subsequent sale of a property collateralizing a former Vision Bank relationship. There was no OREO valuation markup related to former Vision Bank relationships during the three months or the nine months ended September 30, 2023.

•During the three months and the nine months ended September 30, 2023, Park recorded income of $1.2 million as a result of an annual Visa incentive, which was the same amount recorded during the three months and the nine months ended September 30, 2022.

•During the three months and the nine months ended September 30, 2022, Park paid $1.8 million in one-time bonuses and accrued an additional $1.5 million for future one-time bonuses for associates. There were no similar one-time bonuses paid or accrued during the three months or the nine months ended September 30, 2023.

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•During the three months and the nine months ended September 30, 2022, Park incurred expenses of $1.3 million and $1.7 million, respectively, in direct expenses related to the collection of payments on former Vision Bank loan relationships, compared to $0 and $100,000 for the three months and the nine months ended September 30, 2023, respectively.

•During the three months and the nine months ended September 30, 2022, Park contributed $4.0 million to its charitable foundation. There was no contribution made by Park to its charitable foundation during the three months or the nine months ended September 30, 2023.

•PNB loans outstanding at September 30, 2023 (i) increased 3.5% compared to September 30, 2022, (ii) increased 2.9% compared to December 31, 2022, and (iii) increased 2.0% compared to June 30, 2023.

•Park's loan portfolio had net loan charge-offs as a percentage of average loans of 0.06% for the three months ended September 30, 2023, compared to net charge-offs as a percentage of average loans of 0.04% for the three months ended September 30, 2022. Park's loan portfolio had net loan charge-offs as a percentage of average loans of 0.04% for the nine months ended September 30, 2023, compared to net loan charge-offs as a percentage of average loans of 0.02% for the nine months ended September 30, 2022.

Net income for each of the three months ended September 30, 2023 and September 30, 2022 and for each of the nine months ended September 30, 2023 and September 30, 2022, included several items of income and expense that impacted comparability of period results. These items are detailed in the "Items Impacting Comparability" section within this MD&A.

Liquidity and Capital

Park continues to maintain strong capital and liquidity. Funds are available from a number of sources, including the capital markets, the investment securities portfolio, the core deposit base, FHLB borrowings and the capability to securitize or package loans for sale. The most easily accessible forms of liquidity, Fed Funds Sold, unpledged investment securities and available FHLB borrowing capacity, totaled $2.17 billion at September 30, 2023.

Park's debt securities portfolio is classified as available-for-sale ("AFS") and these debt securities are available to be sold in the future in response to Park's liquidity needs, changes in market interest rates, and asset-liability management strategies, among other reasons. AFS debt securities are reported at fair value, with unrealized holding gains and losses excluded from earnings, but included in other comprehensive income (loss), net of applicable income taxes. The table below provides additional detail on Park's debt securities portfolio and capital position.

(Dollars in thousands)	September 30, 2023			December 31, 2022			September 30, 2022			% change from 12/31/22		% change from 09/30/22
Net unrealized losses on debt securities	$	138,240		$	121,156		$	151,330		14.10	%	(8.65)	%
Net unrealized losses on debt securities as a percentage of period end total assets	1.38		%	1.23		%	1.54		%	12.20	%	(10.39)	%
Total shareholders' equity / Period end total assets	10.85		%	10.85		%	10.51		%	—	%	3.24	%
Tangible equity / Tangible assets (1)	9.36		%	9.33		%	8.98		%	0.32	%	4.23	%

(1) Tangible equity equals total shareholders' equity less goodwill and other intangible assets, in each case at period end. Tangible assets equal total assets less goodwill and other intangible assets, in each case at period end.

Park has demonstrated that it has the tools available to remain under $10.0 billion in assets. Various tools such as moving deposits off balance, regulating loan growth, securitizing or packaging loans, and the sale of investment securities may be used to manage Park's balance sheet. Management expects to have assets totaling less than $10.0 billion at December 31, 2023.

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Deposits

Park's deposits grew during the COVID pandemic and normalized throughout 2022 and the first nine months of 2023. In order to manage the impact of this growth on its balance sheet, Park has utilized a program where certain deposit balances are transferred off balance sheet while maintaining the customer relationship. Park is able to increase or decrease the amount of deposit balances transferred off balance sheet based on its balance sheet management strategies and liquidity needs. The balance of deposits transferred off balance sheet has declined as deposit balances have returned to normalized levels. The table below breaks out the change in deposit balances, by deposit type, for Park.

(Dollars in thousands)	September 30, 2023			June 30, 2023			March 31, 2023			December 31, 2022			December 31, 2021			December 31, 2020			December 31, 2019
Retail deposits	$	4,110,821		$	4,136,401		$	4,263,947		$	4,388,394		$	4,416,228		$	4,025,852		$	3,748,039
Commercial deposits	4,133,903			4,222,575			4,030,497			3,846,321			3,488,300			3,546,506			3,304,573
Total deposits	$	8,244,724		$	8,358,976		$	8,294,444		$	8,234,715		$	7,904,528		$	7,572,358		$	7,052,612
Off balance sheet deposits	763			767			164,600			195,937			983,053			710,101			—
Total deposits including off balance sheet deposits	$	8,245,487		$	8,359,743		$	8,459,044		$	8,430,652		$	8,887,581		$	8,282,459		$	7,052,612
$ change from prior period end	$	(114,256)		$	(99,301)		$	28,392		$	(456,929)		$	605,122		$	1,229,847
% change from prior period end	(1.4)		%	(1.2)		%	0.3		%	(5.1)		%	7.3		%	17.4		%

During the three months ended September 30, 2023, total deposits including off balance sheet deposits decreased by $114.3 million, or 1.4%. This decrease consisted of a $25.6 million decrease in total retail deposits and a $88.7 million decrease in total commercial deposits. During the nine months ended September 30, 2023, total deposits including off balance sheet deposits decreased by $185.2 million, or 2.2%. This decrease consisted of a $277.6 million decrease in total retail deposits and a $195.2 million decrease in off balance sheet deposits, partially offset by a $287.6 million increase in total commercial deposits. The majority of off balance sheet deposits are commercial, and, thus, impact the increase in commercial deposits, as the deposits are moved back onto the balance sheet.

Included in the total commercial deposits and off balance sheet deposits shown in the previous table are public fund deposits. These balances fluctuate based on seasonality and the cycle of collection and remittance of tax funds. The following tables detail the change in public fund deposits.

(Dollars in thousands)	September 30, 2023			June 30, 2023			March 31, 2023			December 31, 2022			December 31, 2021			December 31, 2020			December 31, 2019
Total public fund deposits	$	1,400,807		$	1,573,684		$	1,518,319		$	1,335,400		$	1,548,217		$	1,406,101		$	1,293,090
$ change from prior period end	$	(172,877)		$	55,365		$	182,919		$	(212,817)		$	142,116		$	113,011
% change from prior period end	(11.0)		%	3.6		%	13.7		%	(13.7)		%	10.1		%	8.7		%

(Dollars in thousands)	September 30, 2023		December 31, 2022		September 30, 2022		$ change from 12/31/22		% change from 12/31/22		$ change from 9/30/22		% change from 9/30/22
Total public fund deposits	$	1,400,807	$	1,335,400	$	1,743,210	$	65,407	4.9	%	$	(342,403)	(19.6)	%

As of September 30, 2023, Park had approximately $1.4 billion of uninsured deposits, which was 17.2% of total deposits. Uninsured deposits of $1.4 billion included $300 million of deposits which were over the $250,000 FDIC insured limit but were fully collateralized by Park's investment securities portfolio.

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Financial Results by Segment

The table below reflects the net income (loss) by segment for the first, second, and third quarters of 2023, for the first nine months of each of 2023 and 2022 (the nine months ended September 30) and for the years ended December 31, 2022 and 2021. Park's segments include The Park National Bank ("PNB") and "All Other," which primarily consists of Park as the "Parent Company", Guardian Financial Services Company ("GFSC") and SE Property Holdings, LLC ("SEPH").

(In thousands)	Q3 2023		Q2 2023		Q1 2023		Nine months YTD 2023		Nine months YTD 2022		2022		2021
PNB	$	40,788	$	35,485	$	36,269	$	112,542	$	107,923	$	143,243	$	159,461
All Other	(3,871)		(3,901)		(2,536)		(10,308)		7,344		5,108		(5,516)
Total Park	$	36,917	$	31,584	$	33,733	$	102,234	$	115,267	$	148,351	$	153,945

Net income for each of the three months ended September 30, 2023 and September 30, 2022 and for each of the nine months ended September 30, 2023 and September 30, 2022, included several items of income and expense that impacted comparability of period results. These items are detailed in the "Items Impacting Comparability" section within this MD&A.

The following discussion provides additional information regarding the PNB segment, followed by additional information regarding the All Other segment.

The Park National Bank (PNB)

The table below reflects PNB's net income for the first, second and third quarters of 2023, for the first nine months of each of 2023 and 2022 (the nine months ended September 30) and for the years ended December 31, 2022 and 2021.

(In thousands)	Q3 2023		Q2 2023		Q1 2023		Nine months YTD 2023		Nine months YTD 2022		2022		2021
Net interest income	$	96,078	$	93,549	$	93,589	$	283,216	$	254,818	$	350,646	$	328,398
(Recovery of) provision for credit losses	(1,538)		2,524		915		1,901		2,045		5,834		(8,554)
Other income	27,888		25,091		24,262		77,241		89,420		115,211		126,802
Other expense	74,623		73,121		72,997		220,741		209,500		283,670		266,678
Income before income taxes	$	50,881	$	42,995	$	43,939	$	137,815	$	132,693	$	176,353	$	197,076
Income tax expense	10,093		7,510		7,670		25,273		24,770		33,110		37,615
Net income	$	40,788	$	35,485	$	36,269	$	112,542	$	107,923	$	143,243	$	159,461

Net interest income of $283.2 million for the nine months ended September 30, 2023 represented a $28.4 million, or 11.1%, increase compared to $254.8 million for the nine months ended September 30, 2022. The increase was a result of a $79.6 million increase in interest income, partially offset by a $51.2 million increase in interest expense.

The $79.6 million increase in interest income was due to a $60.1 million increase in interest income on loans and a $19.5 million increase in investment income. The $60.1 million increase in interest income on loans was primarily the result of a $263.8 million (or 3.82%) increase in average loans, from $6.90 billion for the nine months ended September 30, 2022 to $7.17 billion for the nine months ended September 30, 2023, as well as an increase in the yield on loans, which increased 96 basis points to 5.43% for the nine months ended September 30, 2023, compared to 4.47% for the nine months ended September 30, 2022. The $19.5 million increase in investment income was primarily the result of an increase in the yield on investments, including money market investments, which increased 155 basis points to 3.83% for the nine months ended September 30, 2023, compared to 2.28% for the nine months ended September 30, 2022. The increase in the yield on investments was partially offset by a decrease in average investments, including money market investments, from $2.22 billion for the nine months ended September 30, 2022 to $2.01 billion for the nine months ended September 30, 2023.

The $51.2 million increase in interest expense was due to a $49.0 million increase in interest expense on deposits, as well as a $2.2 million increase in interest expense on borrowings. The increase in interest expense on deposits was the result of a $248.8

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million (or 4.70%) increase in average on-balance sheet interest bearing deposits from $5.29 billion for the nine months ended September 30, 2022, to $5.54 billion for the nine months ended September 30, 2023 as well as an increase in the cost of deposits of 118 basis points, from 0.24% for the nine months ended September 30, 2022 to 1.42% for the nine months ended September 30, 2023. The increase in on-balance sheet interest bearing deposits was due to an increase in transaction accounts, which was partially offset by decreases in savings accounts and time deposits. During the nine months ended September 30, 2023 and 2022, Park made the decision to continue its participation in a program to transfer deposits off-balance sheet in order to manage growth of the balance sheet.

The provision for credit losses of $1.9 million for the nine months ended September 30, 2023 represented a decline of $144,000, compared to $2.0 million for the nine months ended September 30, 2022. Refer to the “Credit Metrics and (Recovery of) Provision for Credit Losses” section for additional details regarding the level of the provision for (recovery of) credit losses recognized in each period presented above.

Other income of $77.2 million for the nine months ended September 30, 2023 represented a decrease of $12.2 million, or 13.6%, compared to $89.4 million for the nine months ended September 30, 2022. The $12.2 million decrease was primarily related to (i) a $4.4 million decrease in other service income, which was primarily due to declines in fee income from mortgage loan originations and mortgage servicing rights, partially offset by increases in investor rate locks and mortgage loans held for sale; (ii) a $3.8 million decrease in other miscellaneous income, which was primarily due to decreases in the net gain on the sale of loans and other assets and in other fee income; (iii) a $3.3 million decrease in other components of net periodic benefit income; (iv) a $1.1 million decrease in gain on equity securities, net, from a $2.3 million gain for the nine months ended September 30, 2022 to a $1.1 million gain for the nine months ended September 30, 2023; and (v) a $1.1 million decrease in service charges on deposits income, primarily related to a decrease in overdraft fee income. These decreases were partially offset by a $658,000 increase in fiduciary income, a $568,000 increase in debit card fee income, and a $451,000 increase in bank owned life insurance income.

A summary of mortgage loan originations for the first, second and third quarters of 2023 and 2022 and the years ended December 31, 2022 and 2021 follows.

(In thousands)	Q3 2023			Q2 2023			Q1 2023			Q3 2022			Q2 2022			Q1 2022			2022			2021
Mortgage Loan Origination Volume
Sold	$	19,035		$	15,805		$	13,756		$	27,025		$	50,013		$	69,053		$	159,142		$	555,278
Portfolio	78,847			65,252			32,743			90,551			63,104			53,498			263,287			284,686
Construction	27,826			20,659			13,124			34,026			34,044			32,928			120,794			119,555
Service released	1,678			1,583			1,576			2,537			4,580			4,660			14,738			13,802
Total mortgage loan originations	$	127,386		$	103,299		$	61,199		$	154,139		$	151,741		$	160,139		$	557,961		$	973,321
Refinances as a % of Total Mortgage Loan Originations	15.2		%	19.1		%	24.7		%	24.0		%	25.9		%	41.7		%	29.4		%	54.2		%

Total mortgage loan originations decreased $174.1 million, or 37.4%, to $291.9 million for the nine months ended September 30, 2023 compared to $466.0 million for the nine months ended September 30, 2022.

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The table below reflects PNB's total other expense for the nine months ended September 30, 2023 and 2022.

(Dollars in thousands)	2023		2022		$ change		% change
Other expense:
Salaries	$	99,883	$	96,340	$	3,543	3.7	%
Employee benefits	31,957		30,221		1,736		5.7	%
Occupancy expense	9,740		9,699		41		0.4	%
Furniture and equipment expense	9,407		8,782		625		7.1	%
Data processing fees	27,777		23,844		3,933		16.5	%
Professional fees and services	18,696		16,020		2,676		16.7	%
Marketing	3,688		3,922		(234)		(6.0)	%
Insurance	5,895		3,875		2,020		52.1	%
Communication	3,152		2,894		258		8.9	%
State tax expense	3,187		3,332		(145)		(4.4)	%
Amortization of intangible assets	989		1,146		(157)		(13.7)	%
Foundation contribution	—		4,000		(4,000)		(100.0)	%
Miscellaneous	6,370		5,425		945		17.4	%
Total other expense	$	220,741	$	209,500	$	11,241	5.4	%

Total other expense of $220.7 million for the nine months ended September 30, 2023 represented an increase of $11.2 million, or 5.4%, compared to $209.5 million for the nine months ended September 30, 2022. The increase in salaries expense was primarily related to increases in base salary expense and share-based compensation expense, partially offset by decreases in additional compensation expense and officer incentive compensation expense. The increase in employee benefits expense was primarily related to increases in group insurance expense and payroll tax expense, partially offset by a decrease in retirement benefit expense. The increase in furniture and equipment expense was primarily related to increases in depreciation expense and maintenance and repairs on equipment expense. The increase in data processing fees was primarily related to increases in software data processing expense and debit card processing expense. The increase in professional fees and services expense was primarily due to increases in consulting, other fees, IntraFi insured deposit fees, temporary wages and directors' fees. The increase in insurance expense was due to an increase in FDIC insurance assessment expense. The increase in miscellaneous expense was due to increased expense related to fraud and other non-loan related losses, other miscellaneous expense and increased training and travel-related expenses, which were partially offset by a decrease in operating lease depreciation expense and a decrease in expense for the allowance for unfunded lines of credit.

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The table below provides certain balance sheet information and financial ratios for PNB as of or for the nine months ended September 30, 2023 and 2022 and as of or for the year ended December 31, 2022.

(Dollars in thousands)	September 30, 2023		December 31, 2022		September 30, 2022		% change from 12/31/22		% change from 09/30/22
Loans	7,349,580		7,141,362		7,102,503		2.92	%	3.48	%
Allowance for credit losses	84,601		85,370		83,947		(0.90)	%	0.78	%
Net loans	7,264,979		7,055,992		7,018,556		2.96	%	3.51	%
Investment securities	1,682,705		1,796,613		1,805,163		(6.34)	%	(6.78)	%
Total assets	9,959,528		9,815,951		9,816,644		1.46	%	1.46	%
Total deposits	8,536,433		8,534,320		8,606,272		0.02	%	(0.81)	%
Average assets (1)	9,941,499		10,011,932		9,934,726		(0.70)	%	0.07	%
Efficiency ratio (2)	60.75	%	60.43	%	60.40	%	0.53	%	0.58	%
Return on average assets (3)	1.51	%	1.43	%	1.45	%	5.59	%	4.14	%

(1) Average assets for the nine months ended September 30, 2023 and 2022 and for the year ended December 31, 2022.

(2) Efficiency ratio is calculated by dividing total other expense by the sum of fully taxable equivalent net interest income and other income. Fully taxable equivalent net interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustments were $2.9 million for the nine months ended September 30, 2023, $3.5 million for the year ended December 31 2022 and $2.6 million for the nine months ended September 30 2022.

(3) Annualized for the nine months ended September 30, 2023 and 2022.

Loans outstanding at September 30, 2023 were $7.35 billion, compared to (i) $7.14 billion at December 31, 2022, an increase of $208.2 million, and (ii) $7.10 billion at September 30, 2022, an increase of $247.1 million. The table below breaks out the change in loans outstanding, by loan type.

(Dollars in thousands)	September 30, 2023		December 31, 2022		September 30, 2022		$ change from 12/31/22		% change from 12/31/22		$ change from 9/30/22		% change from 9/30/22
Home equity	$	173,570	$	167,232	$	167,072	$	6,338	3.8	%	$	6,498	3.9	%
Installment	1,977,730		1,921,059		1,948,819		56,671		2.9	%	28,911		1.5	%
Real estate	1,295,769		1,195,037		1,171,079		100,732		8.4	%	124,690		10.6	%
Commercial	3,897,676		3,854,683		3,813,691		42,993		1.1	%	83,985		2.2	%
Other	4,835		3,351		1,842		1,484		44.3	%	2,993		162.5	%
Total loans	$	7,349,580	$	7,141,362	$	7,102,503	$	208,218	2.9	%	$	247,077	3.5	%

Loans outstanding at September 30, 2023 were $7.35 billion, compared to $7.21 billion at June 30, 2023, an increase of $141.7 million. The $141.7 million increase represented a 2.0% (7.8% annualized) increase during the three months ended September 30, 2023.

The table below breaks out the change in loans outstanding, by loan type.

(Dollars in thousands)	September 30, 2023		June 30, 2023		$ change from 6/30/23		% change from 6/30/23
Home equity	$	173,570	$	168,256	$	5,314	3.2	%
Installment	1,977,730		1,945,125		32,605		1.7	%
Real estate	1,295,769		1,252,243		43,526		3.5	%
Commercial	3,897,676		3,838,136		59,540		1.6	%
Other	4,835		4,102		733		17.9	%
Total loans	$	7,349,580	$	7,207,862	$	141,718	2.0	%

PNB's allowance for credit losses was $84.6 million at September 30, 2023, compared to (i) $85.4 million at December 31, 2022, a decrease of $0.8 million, or 0.9%, and (ii) $83.9 million at September 30, 2022, an increase of $0.7 million, or 0.8%.

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Net charge-offs were $3.1 million, or 0.06% of total average loans, for the nine months ended September 30, 2023 and were $3.6 million, or 0.05% of total average loans, for the year ended December 31, 2022. Net charge-offs were $1.2 million, or 0.02% of total average loans, for the nine months ended September 30, 2022. Refer to the “Credit Metrics and (Recovery of) Provision for Credit Losses” section for additional information regarding PNB's loan portfolio and the level of provision for (recovery of) credit losses recognized in each period presented.

Total deposits at September 30, 2023 were $8.54 billion, compared to (i) $8.53 billion at December 31, 2022, an increase of $2.1 million, and (ii) $8.61 billion at September 30, 2022, a decrease of $69.8 million, or 0.8%. During the nine months ended September 30, 2023 and 2022 and the year ended December 31, 2022, Park made the decision to continue participation in a program to transfer deposits off-balance sheet in order to manage growth of the balance sheet, as deposits increased significantly throughout the COVID-19 pandemic. At September 30, 2023, December 31, 2022 and September 30, 2022, Park had $763,000, $195.9 million, and $766.2 million, respectively, in deposits which were off-balance sheet. Total deposits would have decreased $193.1 million, or 2.2%, compared to December 31, 2022 had the $763,000 and $195.9 million in deposits remained on the balance sheet at the respective dates. Total deposits would have decreased $835.3 million, or 8.9%, compared to September 30, 2022 had the $763,000 and $766.2 million in deposits remained on the balance sheet at the respective dates.

The table below breaks out the change in deposit balances, by deposit type.

(Dollars in thousands)	September 30, 2023		December 31, 2022		September 30, 2022		$ change from 12/31/22		% change from 12/31/22		$ change from 9/30/22		% change from 9/30/22
Non-interest bearing deposits	$	3,024,412	$	3,374,269	$	3,435,307	$	(349,857)	(10.4)	%	$	(410,895)	(12.0)	%
Transaction accounts	2,193,054		1,988,106		1,989,340		204,948		10.3	%	203,714		10.2	%
Savings	2,715,802		2,617,500		2,568,404		98,302		3.8	%	147,398		5.7	%
Certificates of deposit	603,165		554,445		613,222		48,720		8.8	%	(10,057)		(1.6)	%
Total deposits	$	8,536,433	$	8,534,320	$	8,606,273	$	2,113	—	%	$	(69,840)	(0.8)	%
Off-balance sheet deposits	763		195,937		766,184		(195,174)		N.M.		(765,421)		N.M.
Total deposits including off-balance sheet deposits	$	8,537,196	$	8,730,257	$	9,372,457	$	(193,061)	(2.2)	%	$	(835,261)	(8.9)	%

Total deposits at September 30, 2023 were $8.54 billion, compared to $8.66 billion at June 30, 2023, a decrease of $119.7 million, or 1.4%. The table below breaks out the change in deposit balances, by deposit type.

(Dollars in thousands)	September 30, 2023		June 30, 2023		$ change from 6/30/23		% change from 6/30/23
Non-interest bearing deposits	$	3,024,412	$	3,093,460	$	(69,048)	(2.2)	%
Transaction accounts	2,193,054		2,238,131		(45,077)		(2.0)	%
Savings	2,715,802		2,755,961		(40,159)		(1.5)	%
Certificates of deposit	603,165		568,609		34,556		6.1	%
Total deposits	$	8,536,433	$	8,656,161	$	(119,728)	(1.4)	%
Off-balance sheet deposits	763		767		(4)		(0.5)	%
Total deposits including off-balance sheet deposits	$	8,537,196	$	8,656,928	$	(119,732)	(1.4)	%

All Other

The table below reflects All Other net (loss) income for the first, second and third quarters of 2023, for the first nine months of

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each of 2023 and 2022 (the nine months ended September 30) and for the years ended December 31, 2022, and 2021.

(In thousands)	Q3 2023		Q2 2023		Q1 2023		Nine months YTD 2023		Nine months YTD 2022		2022		2021
Net interest (expense) income	$	(1,809)	$	(1,977)	$	(1,391)	$	(5,177)	$	(2,365)	$	(3,587)	$	1,495
Recovery of credit losses	(42)		(32)		(732)		(806)		(469)		(1,277)		(3,362)
Other (loss) income	(175)		(76)		125		(126)		20,123		20,724		3,142
Other expense	3,185		2,764		3,506		9,455		10,824		14,308		16,840
Net (loss) income before income tax (benefit) expense	$	(5,127)	$	(4,785)	$	(4,040)	$	(13,952)	$	7,403	$	4,106	$	(8,841)
Income tax (benefit) expense	(1,256)		(884)		(1,504)		(3,644)		59		(1,002)		(3,325)
Net (loss) income	$	(3,871)	$	(3,901)	$	(2,536)	$	(10,308)	$	7,344	$	5,108	$	(5,516)

The net interest (expense) income for All Other included, for all periods presented, interest income on subordinated debt investments in PNB, which was eliminated in the consolidated Park totals, as well as interest income on GFSC loans and SEPH impaired loan relationships. The net interest (expense) income for All Other also included interest expense on $175.0 million aggregate principal amount of 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030 issued by Park in August 2020 (the "Park Subordinated Notes").

Net interest (expense) income reflected net interest expense of $5.2 million for the nine months ended September 30, 2023, compared to net interest expense of $2.4 million for the nine months ended September 30, 2022. The change was largely the result of a decrease of $2.4 million in loan interest income related to payment collections at SEPH, a decrease of $197,000 in net interest income from GFSC and an increase in interest expense on borrowings of $469,000 as the result of an increase in the applicable interest rate.

Refer to the “Credit Metrics and (Recovery of) Provision for Credit Losses” section for additional information regarding the All Other loan portfolio and the level of recovery of credit losses recognized in each period presented.

All Other had other loss of $(126,000) for the nine months ended September 30, 2023, compared to other income of $20.1 million for the nine months ended September 30, 2022. The decrease was due to a $12.0 million decrease in income from an OREO valuation markup, a $5.6 million decrease in gain on sale of OREO, net, a $1.2 million decrease in bank owned life insurance income as the result of death benefits received in 2022 which did not reoccur in 2023, as well as a $1.4 million decrease in gain (loss) on equity securities, net.

All Other had other expense of $9.5 million for the nine months ended September 30, 2023, compared to $10.8 million for the nine months ended September 30, 2022. The decrease was largely due to a $1.5 million decrease in professional fees and services expense.

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Park National Corporation

The table below reflects Park's consolidated net income for the first, second and third quarters of 2023, for the first nine months of each of 2023 and 2022 (the nine months ended September 30) and for the years ended December 31, 2022, and 2021.

(In thousands)	Q3 2023		Q2 2023		Q1 2023		Nine months YTD 2023		Nine months YTD 2022		2022		2021
Net interest income	$	94,269	$	91,572	$	92,198	$	278,039	$	252,453	$	347,059	$	329,893
(Recovery of) provision for credit losses	(1,580)		2,492		183		1,095		1,576		4,557		(11,916)
Other income	27,713		25,015		24,387		77,115		109,543		135,935		129,944
Other expense	77,808		75,885		76,503		230,196		220,324		297,978		283,518
Income before income taxes	$	45,754	$	38,210	$	39,899	$	123,863	$	140,096	$	180,459	$	188,235
Income tax expense	8,837		6,626		6,166		21,629		24,829		32,108		34,290
Net income	$	36,917	$	31,584	$	33,733	$	102,234	$	115,267	$	148,351	$	153,945

Net Interest Income

Park’s principal source of earnings is net interest income, the difference between total interest income and total interest expense. Net interest income results from average balances outstanding for interest earning assets and interest bearing liabilities in conjunction with the average rates earned and paid on them.

Comparison for the Third Quarters of 2023 and 2022

Net interest income increased by $3.4 million, or 3.8%, to $94.3 million for the third quarter of 2023, compared to $90.8 million for the third quarter of 2022. See the discussion under the table below.

 

	Three months ended  September 30, 2023						Three months ended  September 30, 2022
(Dollars in thousands)	Average balance		Interest		Tax equivalent  yield/cost		Average balance		Interest		Tax equivalent  yield/cost
Loans (1)	$	7,267,476	$	103,529	5.65	%	$	7,039,040	$	83,677	4.72	%
Taxable investments	1,385,023		13,321		3.82	%	1,528,169		10,319		2.68	%
Tax-exempt investments (2)	421,028		3,671		3.46	%	424,643		3,700		3.46	%
Money market instruments	104,754		1,410		5.34	%	573,858		3,180		2.20	%
Interest earning assets	$	9,178,281	$	121,931	5.27	%	$	9,565,710	$	100,876	4.18	%
Interest bearing deposits	$	5,634,621	$	23,126	1.63	%	$	5,679,989	$	6,582	0.46	%
Short-term borrowings	164,237		1,136		2.74	%	196,816		306		0.62	%
Long-term debt	188,966		2,358		4.95	%	188,494		2,228		4.69	%
Interest bearing liabilities	$	5,987,824	$	26,620	1.76	%	$	6,065,299	$	9,116	0.60	%
Excess interest earning assets	$	3,190,457					$	3,500,411
Tax equivalent net interest income			$	95,311					$	91,760
Net interest spread					3.51	%					3.58	%
Net interest margin					4.12	%					3.81	%

(1) Loan interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $271,000 for the three months ended September 30, 2023 and $155,000 for the same period of 2022.

(2) Interest income on tax-exempt investment securities includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $771,000 for the three months ended September 30, 2023 and $777,000 for the same period of 2022.

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Average interest earning assets for the third quarter of 2023 decreased by $387.4 million, or 4.1%, to $9,178 million for the third quarter of 2023, compared to $9,566 million for the third quarter of 2022. The average yield on interest earning assets increased by 109 basis points to 5.27% for the third quarter of 2023, compared to 4.18% for the third quarter of 2022.

Interest income for the three months ended September 30, 2023 and 2022 included purchase accounting accretion of $145,000 and $494,000, respectively, related to the acquisitions of NewDominion and Carolina Alliance, as well as $9,000 and $649,000, respectively, of interest income related to payments received on certain SEPH nonaccrual loan relationships, some of which are participated with PNB. Interest income for the three months ended September 30, 2023 and 2022 also included $16,000 and $361,000, respectively, of interest income related to PPP loans. Excluding the impact of the purchase accounting accretion, SEPH-related income, and PPP income, the yield on loans was 5.64% and 4.64% for the three months ended September 30, 2023 and 2022, respectively, and the yield on earning assets was 5.26% and 4.13% for the three months ended September 30, 2023 and 2022, respectively.

Average interest bearing liabilities for the third quarter of 2023 decreased by $77.5 million, or 1.3%, to $5,988 million, compared to $6,065 million for the third quarter of 2022. The average cost of interest bearing liabilities increased by 116 basis points to 1.76% for the third quarter of 2023, compared to 0.60% for the third quarter of 2022. During the three months ended September 30, 2023 and 2022, Park continued to participate in a OWS program in order to manage growth of the balance sheet. At September 30, 2023 and 2022, Park had $763,000 and $766.2 million, respectively, in OWS insured cash sweep deposits which were off-balance sheet. Management from time to time has elected to move these funds both on and off the balance sheet throughout the quarter due to favorable interest rate conditions and other factors. When on the balance sheet, these deposits are included in the average interest bearing liabilities and related interest expense.

Removing the impacts of the accretion of purchase accounting adjustments related to the acquisitions of NewDominion and Carolina Alliance, the interest income related to payments on certain SEPH nonaccrual loan relationships and the interest income related to PPP loans, the net interest margin was 4.11% and 3.75% for the three months ended September 30, 2023 and 2022, respectively.

Yield on Loans: Average loan balances increased $228.4 million, or 3.2%, to $7,267 million for the third quarter of 2023, compared to $7,039 million for the third quarter of 2022. The average yield on the loan portfolio increased by 93 basis points to 5.65% for the third quarter of 2023, compared to 4.72% for the third quarter of 2022. Average loans for the third quarters of 2023 and 2022 included $2.4 million and $9.7 million, respectively, of PPP loans.

The table below shows the average balance and tax equivalent yield by type of loan for the three months ended September 30, 2023 and 2022.

	Three months ended  September 30, 2023				Three months ended  September 30, 2022
(Dollars in thousands)	Average balance		Tax equivalent  yield		Average balance		Tax equivalent  yield
Home equity loans	$	171,235	8.34	%	$	164,766	5.45	%
Installment loans	1,962,225		5.66	%	1,912,912		4.74	%
Real estate loans	1,270,156		4.45	%	1,147,402		3.85	%
Commercial loans (1)	3,860,066		5.91	%	3,808,863		4.93	%
Other	3,794		9.10	%	5,097		6.85	%
Total loans before allowance	$	7,267,476	5.65	%	$	7,039,040	4.72	%

(1) Commercial loan interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $271,000 for the three months ended September 30, 2023 and $155,000 for the same period of 2022.

Loan interest income for the three months ended September 30, 2023 and 2022 included the accretion of purchase accounting

adjustments related to the acquisitions of NewDominion and Carolina Alliance, interest income related to payments on certain SEPH nonaccrual loan relationships and interest income related to PPP loans. Excluding the impact of the purchase accounting accretion, SEPH-related income, and PPP income, (a) the yield on home equity loans was 8.29%, the yield on installment loans was unchanged at 5.66%, the yield on real estate loans was unchanged at 4.45%, the yield on commercial loans was 5.90% and the yield on total loans before allowance was 5.64% for the three months ended September 30, 2023; and (b) the yield on home equity loans was 5.40%, the yield on installment loans was unchanged at 4.74%, the yield on real estate loans was 3.82%, the

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yield on commercial loans was 4.80% and the yield on total loans and leases before allowance was 4.64% for the three months ended September 30, 2022.

Cost of Deposits: Average interest bearing deposit balances decreased $45.4 million, or 0.8%, to $5,635 million for the third quarter of 2023, compared to $5,680 million for the third quarter of 2022. The average cost of funds on deposit balances increased by 117 basis points to 1.63% for the third quarter of 2023, compared to 0.46% for the third quarter of 2022. The table below shows for the three months ended September 30, 2023 and 2022, the average balance and cost of funds by type of deposit.

	Three months ended  September 30, 2023				Three months ended  September 30, 2022
(Dollars in thousands)	Average balance		Cost of funds		Average balance		Cost of funds
Transaction accounts	$	2,309,320	1.62	%	$	2,197,169	0.38	%
Savings deposits and clubs	2,742,151		1.54	%	2,837,613		0.51	%
Time deposits	583,150		2.11	%	645,207		0.51	%
Total interest bearing deposits	$	5,634,621	1.63	%	$	5,679,989	0.46	%

Comparison for the First Nine Months of 2023 and 2022

Net interest income increased by $25.6 million, or 10.1%, to $278.0 million for the first nine months of 2023, compared to $252.5 million for the first nine months of 2022. See the discussion under the table below.

 

	Nine months ended  September 30, 2023						Nine months ended  September 30, 2022
(Dollars in thousands)	Average balance		Interest		Tax equivalent  yield/cost		Average balance		Interest		Tax equivalent  yield/cost
Loans (1)	$	7,166,863	$	291,871	5.44	%	$	6,904,019	$	234,209	4.54	%
Taxable investments	1,418,433		39,731		3.74	%	1,469,586		24,073		2.19	%
Tax-exempt investments (2)	421,925		11,035		3.50	%	398,405		10,185		3.42	%
Money market instruments	181,793		6,715		4.94	%	357,514		3,593		1.34	%
Interest earning assets	$	9,189,014	$	349,352	5.08	%	$	9,129,524	$	272,060	3.98	%
Interest bearing deposits	$	5,540,680	$	58,719	1.42	%	$	5,292,194	$	9,694	0.24	%
Short-term borrowings	175,537		2,688		2.05	%	203,888		740		0.49	%
Long-term debt	188,847		7,018		4.97	%	188,381		6,550		4.65	%
Interest bearing liabilities	$	5,905,064	$	68,425	1.55	%	$	5,684,463	$	16,984	0.40	%
Excess interest earning assets	$	3,283,950					$	3,445,061
Tax equivalent net interest income			$	280,927					$	255,076
Net interest spread					3.53	%					3.58	%
Net interest margin					4.09	%					3.74	%

(1) Loan interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $571,000 for the nine months ended September 30, 2023 and $484,000 for the same period of 2022.

(2) Interest income on tax-exempt investment securities includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $2.3 million for the nine months ended September 30, 2023 and $2.1 million for the same period of 2022.

Average interest earning assets for the first nine months of 2023 increased by $59.5 million, or 0.7%, to $9,189 million for the first nine months of 2023, compared to $9,130 million for the first nine months of 2022. The average yield on interest earning assets increased by 110 basis points to 5.08% for the first nine months of 2023, compared to 3.98% for the first nine months of 2022.

Interest income for the nine months ended September 30, 2023 and 2022 included purchase accounting accretion of $509,000 and $1.5 million, respectively, related to the acquisitions of NewDominion and Carolina Alliance, as well as $596,000 and $3.0

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million, respectively, of interest income related to payments received on certain SEPH nonaccrual loan relationships, some of which are participated with PNB. Interest income for the nine months ended September 30, 2023 and 2022 also included $57,000 and $3.0 million, respectively, of income related to PPP loans. Excluding the impact of the purchase accounting accretion, SEPH-related income, and PPP income, the yield on loans was 5.42% and 4.41% for the nine months ended September 30, 2023 and 2022, respectively, and the yield on earning assets was 5.07% and 3.89% for the nine months ended September 30, 2023 and 2022, respectively.

Average interest bearing liabilities for the first nine months of 2023 decreased by $220.6 million, or 3.9%, to $5,905 million, compared to $5,684 million for the first nine months of 2022. The average cost of interest bearing liabilities increased by 115 basis points to 1.55% for the first nine months of 2023, compared to 0.40% for the first nine months of 2022. During the nine months ended September 30, 2023 and 2022, Park continued to participate in a OWS program in order to manage growth of the balance sheet. At September 30, 2023 and 2022, Park had $763,000 and $766.2 million, respectively, in OWS insured cash sweep deposits which were off-balance sheet. Management from time to time has elected to move these funds both on and off the balance sheet throughout the quarter due to favorable interest rate conditions and other factors. When on the balance sheet, these deposits are included in the average interest bearing liabilities and related interest expense.

Removing the impacts of the accretion of purchase accounting adjustments related to the acquisitions of NewDominion and Carolina Alliance, the interest income related to payments on certain SEPH nonaccrual loan relationships and the interest income related to PPP loans, the net interest margin was 4.07% and 3.64% for the nine months ended September 30, 2023 and 2022, respectively.

Yield on Loans: Average loan balances increased $262.8 million, or 3.8%, to $7,167 million for the first nine months of 2023, compared to $6,904 million for the first nine months of 2022. The average yield on the loan portfolio increased by 90 basis points to 5.44% for the first nine months of 2023, compared to 4.54% for the first nine months of 2022. Average loans for the first nine months of 2023 and 2022 included $3.3 million and $32.3 million, respectively, of PPP loans.

The table below shows the average balance and tax equivalent yield by type of loan for the nine months ended September 30, 2023 and 2022.

	Nine months ended  September 30, 2023				Nine months ended  September 30, 2022
(Dollars in thousands)	Average balance		Tax equivalent  yield		Average balance		Tax equivalent  yield
Home equity loans	$	168,246	8.10	%	$	162,371	4.38	%
Installment loans	1,933,664		5.32	%	1,778,231		4.69	%
Real estate loans	1,232,501		4.29	%	1,133,199		3.76	%
Commercial loans (1)	3,828,457		5.76	%	3,826,017		4.70	%
Other	3,995		8.86	%	4,201		8.01	%
Total loans before allowance	$	7,166,863	5.44	%	$	6,904,019	4.54	%

(1) Commercial loan interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $571,000 for the nine months ended September 30, 2023 and $484,000 for the same period of 2022.

Loan interest income for the nine months ended September 30, 2023 and 2022 included the accretion of purchase accounting

adjustments related to the acquisitions of NewDominion and Carolina Alliance, interest income related to payments on certain SEPH nonaccrual loan relationships and interest income related to PPP loans. Excluding the impact of the purchase accounting accretion, SEPH-related income, and PPP income, (a) the yield on home equity loans was 8.03%, the yield on installment loans was unchanged at 5.32%, the yield on real estate loans was unchanged at 4.29%, the yield on commercial loans was 5.72% and the yield on total loans before allowance was 5.42% for the nine months ended September 30, 2023; and (b) the yield on home equity loans was 4.28%, the yield on installment loans was unchanged at 4.69%, the yield on real estate loans was 3.74%, the yield on commercial loans was 4.49% and the yield on total loans and leases before allowance was 4.41% for the nine months ended September 30, 2022.

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Cost of Deposits: Average interest bearing deposit balances increased $248.5 million, or 4.7%, to $5,541 million for the first nine months of 2023, compared to $5,292 million for the first nine months of 2022. The average cost of funds on deposit balances increased by 118 basis points to 1.42% for the first nine months of 2023, compared to 0.24% for the first nine months of 2022. The table below shows for the nine months ended September 30, 2023 and 2022, the average balance and cost of funds by type of deposit.

	Nine months ended  September 30, 2023				Nine months ended  September 30, 2022
(Dollars in thousands)	Average balance		Cost of funds		Average balance		Cost of funds
Transaction accounts	$	2,226,680	1.42	%	$	1,848,771	0.19	%
Savings deposits and clubs	2,757,767		1.39	%	2,766,837		0.23	%
Time deposits	556,233		1.54	%	676,586		0.45	%
Total interest bearing deposits	$	5,540,680	1.42	%	$	5,292,194	0.24	%

Yield on Average Interest Earning Assets: The following table shows the tax equivalent yield on average interest earning assets for the nine months ended September 30, 2023 and for the years ended December 31, 2022, 2021 and 2020.

	Loans (1) (3)		Investments (2)		Money Market Instruments		Total(3)
2020 - year	4.71	%	2.66	%	0.26	%	4.28	%
2021 - year	4.53	%	2.22	%	0.13	%	3.86	%
2022 - year	4.65	%	2.66	%	2.07	%	4.14	%
2023 - first nine months	5.44	%	3.69	%	4.94	%	5.08	%

(1) Loan interest income includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $571,000 for the nine months ended September 30, 2023, and $627,000, $704,000, and $623,000 for the years ended December 31, 2022, 2021 and 2020, respectively.

(2) Interest income on tax-exempt investment securities includes the effects of taxable equivalent adjustments using a 21% federal corporate income tax rate. The taxable equivalent adjustment was $2.3 million for the nine months ended September 30, 2023, and $2.9 million, $2.2 million and $2.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.

(3) Interest income for the nine months ended September 30, 2023 and for the years ended December 31, 2022, 2021 and 2020 included $596,000, $3.7 million, $8.0 million, and $453,000, respectively, related to payments received on certain SEPH nonaccrual loan relationships, some of which are participated with PNB, as well as $509,000, $1.8 million, $3.3 million, and $4.4 million, respectively, of the accretion of purchase accounting adjustments related to the acquisitions of NewDominion and Carolina Alliance. Interest income for the nine months ended September 30, 2023 and for the years ended December 31, 2022, 2021, and 2020 included $57,000, $3.1 million, $18.0 million and $16.7 million, respectively, of income related to PPP loans. Excluding all of these sources of income described in the preceding sentences of this footnote, the yield on loans was 5.42%, 4.55%, 4.27%, and 4.63% for the nine months ended September 30, 2023, and for the years ended December 31, 2022, 2021 and 2020, respectively, and the yield on total earning assets was 5.07%, 4.06%, 3.64%, and 4.20% for the nine months ended September 30, 2023 and for the years ended December 31, 2022, 2021 and 2020, respectively.

Cost of Average Interest Bearing Liabilities: The following table shows the cost of funds on average interest bearing liabilities for the nine months ended September 30, 2023 and for the years ended December 31, 2022, 2021 and 2020.

	Interest bearing deposits (1)		Short-term borrowings		Long-term debt		Total (1)
2020 - year	0.41	%	0.40	%	3.55	%	0.52	%
2021 - year	0.12	%	0.27	%	4.32	%	0.28	%
2022 - year	0.39	%	0.67	%	4.69	%	0.54	%
2023 - first nine months	1.42	%	2.05	%	4.97	%	1.55	%

(1) Interest expense for the years ended December 31, 2022, 2021 and 2020 included $7,000, $46,000, and $226,000, respectively, of the accretion of purchase accounting adjustments related to the acquisitions of NewDominion and Carolina Alliance. Excluding this income, for the years ended December 31, 2022, 2021 and 2020, the cost of funds on interest bearing deposits was 0.39%, 0.12%, and 0.41%, respectively, and the cost of total interest bearing liabilities was 0.54%, 0.28%, and 0.53%, respectively. There was no accretion of purchase accounting adjustments related to the acquisitions of NewDominion and Carolina Alliance for the nine months ended September 30, 2023.

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Credit Metrics and (Recovery of) Provision for Credit Losses

The (recovery of) provision for credit losses is the amount subtracted from/added to the allowance for credit losses to ensure the allowance is sufficient to absorb estimated credit losses over the life of a loan. The amount of the (recovery of) provision for credit losses is determined by management based on relevant information about past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets.

The adoption of ASU 2022-02 on January 1, 2023 resulted in a $383,000 increase to the allowance for credit losses. A cumulative effect adjustment resulting in a $303,000 decrease to retained earnings and an $80,000 increase to deferred tax assets was also recorded. Additionally, as a result of the adoption of this ASU and elimination of the concept of TDRs, total nonperforming loans decreased by $20.1 million effective January 1, 2023 and individually evaluated loans decreased by $11.5 million effective January 1, 2023.

The table below provides additional information on the (recovery of) provision for credit losses for the three-month and nine-month periods ended September 30, 2023 and 2022.

	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in thousands)	2023			2022			2023			2022
Allowance for credit losses:
Beginning balance	$	87,206		$	81,448		$	85,379		$	83,197
Cumulative change in accounting principle; adoption of ASU 2022-02	—			—			383			—
Charge-offs	2,293			1,748			7,213			5,497
Recoveries	1,269			1,071			4,958			4,685
Net charge-offs	1,024			677			2,255			812
(Recovery of) provision for credit losses	(1,580)			3,190			1,095			1,576
Ending balance	$	84,602		$	83,961		$	84,602		$	83,961
Net charge-offs as a % of average loans (annualized)	0.06		%	0.04		%	0.04		%	0.02		%

The following table provides additional information related to the allowance for credit losses for Park including information related to specific reserves and general reserves, at September 30, 2023, June 30, 2023, March 31, 2023, December 31, 2022, and September 30, 2022.

(Dollars in thousands)	9/30/2023			6/30/2023			3/31/2023			12/31/2022			9/30/2022
Total allowance for credit losses	$	84,602		$	87,206		$	85,946		$	85,379		$	83,961
Allowance on accruing PCD loans	—			—			—			—			—
Specific reserves on individually evaluated loans	3,422			4,132			4,318			3,566			1,750
General reserves on collectively evaluated loans	$	81,180		$	83,074		$	81,628		$	81,813		$	82,211
Total loans	$	7,349,745		$	7,208,109		$	7,093,857		$	7,141,891		$	7,103,246
Accruing PCD loans	3,807			4,455			4,555			4,653			4,867
Individually evaluated loans (1)	40,839			43,887			59,384			78,341			43,670
Collectively evaluated loans	$	7,305,099		$	7,159,767		$	7,029,918		$	7,058,897		$	7,054,709
Allowance for credit losses as a % of period end loans	1.15		%	1.21		%	1.21		%	1.20		%	1.18		%
General reserve as a % of collectively evaluated loans	1.11		%	1.16		%	1.16		%	1.16		%	1.17		%

(1) After the adoption of ASU 2022-02 on January 1, 2023, loans individually evaluated for impairment include all internally classified commercial nonaccrual loans. Prior to the adoption of ASU 2022-02, loans individually evaluated for impairment included all internally classified commercial nonaccrual loans and accruing TDRs.

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The allowance for credit losses of $84.6 million at September 30, 2023 represented a $2.6 million, or 3.0%, decrease compared to $87.2 million at June 30, 2023. The decrease was largely due to a $1.9 million decrease in general reserves, reflecting an improvement in economic forecasts, particularly in the adverse scenario, along with a reduction in special mention loans during the quarter. Also contributing to the decline was a decrease of $710,000 in specific reserves.

The allowance for credit losses of $84.6 million at September 30, 2023 represented a $777,000, or 0.9%, decrease compared to $85.4 million at December 31, 2022. The decrease was due to a $633,000 decrease in general reserves and a decline of $144,000 in specific reserves.

Generally, valuations for all nonperforming loans are updated at least annually, either through independent valuations by a licensed appraiser or a VOV performed by an internal licensed appraiser, in accordance with Company policy. A VOV can only be used in select circumstances and verifies that the original appraised value has not deteriorated through property inspection, consideration of market conditions, and performance of all valuation methods utilized in a prior valuation. As new valuation information is received, management performs an evaluation and applies a discount for anticipated disposition costs to determine the net realizable value of the collateral, which is compared against the outstanding principal balance to determine if additional write-downs are necessary.

Nonperforming Assets: After the adoption of ASU 2022-02 on January 1, 2023, which eliminated the TDR classification, non-performing assets include: (1) loans whose interest is accounted for on a nonaccrual basis; (2) loans which are contractually past due 90 days or more as to principal or interest payments but whose interest continues to accrue; and (3) OREO which results from taking possession of property that served as collateral for a defaulted loan. Prior to the adoption of ASU 2022-02 on January 1, 2023, nonperforming assets included: (1) loans whose interest is accounted for on a nonaccrual basis; (2) TDRs on accrual status; (3) loans which are contractually past due 90 days or more as to principal or interest payments but whose interest continues to accrue; and (4) OREO which results from taking possession of property that served as collateral for a defaulted loan.

The following table compares Park’s nonperforming assets at September 30, 2023, December 31, 2022 and September 30, 2022.

(In thousands)	September 30, 2023			December 31, 2022			September 30, 2022
Nonaccrual loans	$	55,008		$	79,696		$	44,612
Accruing TDRs (for years 2022 and prior) (1)	—			20,134			19,831
Loans past due 90 days or more	627			1,281			790
Total nonperforming loans	$	55,635		$	101,111		$	65,233
OREO	1,354			1,354			1,354
Total nonperforming assets	$	56,989		$	102,465		$	66,587
Percentage of nonaccrual loans to total loans	0.75		%	1.12		%	0.63		%
Percentage of nonperforming loans to total loans (1)	0.76		%	1.42		%	0.92		%
Percentage of nonperforming assets to total loans (1)	0.78		%	1.43		%	0.94		%
Percentage of nonperforming assets to total assets (1)	0.57		%	1.04		%	0.68		%

 (1) Effective January 1, 2023, Park adopted ASU 2022-02. Among other things, this ASU eliminated the concept of TDRs.

Included in the OREO totals above were $1.4 million of SEPH OREO at September 30, 2023, December 31, 2022, and September 30, 2022.

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Park classifies loans as nonaccrual when a loan (1) is maintained on a cash basis because of deterioration in the financial condition of the borrower, (2) payment in full of principal or interest is not expected, or (3) principal or interest has been in default for a period of 90 days for commercial loans and 120 days for all other loans. As a result, loans may be classified as nonaccrual despite being current with their contractual terms. The following table details the delinquency status of nonaccrual loans at September 30, 2023, December 31, 2022 and September 30, 2022. Loans are classified as current if they are less than 30 days past due.

	September 30, 2023				December 31, 2022					September 30, 2022
(In thousands)	Balance		Percent of Total Loans		Balance		Percent of Total Loans			Balance		Percent of Total Loans
Nonaccrual loans - current	$	33,470	0.46	%	$	58,893	0.83	%	1	$	28,472	0.40	%
Nonaccrual loans - past due	21,538		0.29	%	20,803		0.29	%		16,140		0.23	%
Total nonaccrual loans	$	55,008	0.75	%	$	79,696	1.12	%		$	44,612	0.63	%

Credit Quality Indicators: When determining the quarterly credit loss provision, Park reviews the grades of commercial loans. These loans are graded from 1 to 8. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded an 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher PD is applied to these loans. Commercial loans graded a 6 (substandard), also considered to be watch list credits, represent higher credit risk than those rated special mention and, as a result, a higher PD is applied to these loans. Commercial loans that are graded a 7 (doubtful) are shown as nonperforming and Park charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Certain 6-rated loans and all 7-rated loans are placed on nonaccrual status and included within the individually evaluated category. Any commercial loan graded an 8 (loss) is completely charged off.

The following table highlights the credit trends within the commercial loan portfolio.

Commercial loans * (In thousands)	September 30, 2023		December 31, 2022		September 30, 2022
Pass-rated	$	3,774,839	$	3,709,065	$	3,694,468
Special mention	84,517		79,855		77,156
Substandard	3,170		1,965		2,224
Individually evaluated for impairment (1)	40,839		78,341		43,670
Accruing PCD	3,728		4,563		4,648
Total	$	3,907,093	$	3,873,789	$	3,822,166

(1) Prior to the adoption of ASU 2002-02 on January 1, 2023, accruing TDRs were also included in individually evaluated for impairment loans totals.

* Commercial loans include (1) Commercial, financial and agricultural loans, (2) Commercial real estate loans, (3) Commercial related loans in the construction real estate portfolio, (4) Commercial related loans in the residential real estate portfolio and (5) Leases.

Park's watch list includes all criticized and classified commercial loans defined by Park as loans rated special mention or worse. Park had $87.7 million of collectively evaluated commercial loans included on the watch list at September 30, 2023, compared to $81.8 million at December 31, 2022, and $79.4 million at September 30, 2022. The existing conditions of these loans do not warrant classification as nonaccrual. However, these loans have shown some weakness and management performs additional analysis regarding each borrower's ability to comply with payment terms.

The increase in watch list credits during the first nine months of 2023 was largely due to a $16.8 million hotel loan which was downgraded to special mention and a $7.3 million loan to a non-bank consumer finance company which was downgraded to special mention, partially offset by problem loan resolutions, including the upgrade to pass-rated of a $8.9 million hotel relationship. These two downgraded loans were both current in respect to their contractual terms at September 30, 2023. Park considers a loan delinquent when it reaches 30 days past due. Delinquent and accruing loans were $16.3 million, or 0.22%, of total loans at September 30, 2023, compared to $18.9 million, or 0.26% of total loans at December 31, 2022, and $15.4 million or 0.22% of total loans at September 30, 2022.

Individually Evaluated Loans: Loans that do not share risk characteristics are evaluated on an individual basis. Park has determined that any commercial loans which have been placed on nonaccrual status will be individually evaluated. Individual analysis will establish a specific reserve for loans in scope.  Specific reserves on individually evaluated commercial loans are typically based on management’s best estimate of the fair value of collateral securing these loans. The amount ultimately charged off for these loans may be different from the specific reserve as the ultimate liquidation of the collateral may be for an

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amount different from management’s estimate. Prior to the elimination of TDRs with the adoption of ASU 2022-02 on January 1, 2023, Park also included commercial accruing TDRs as individually evaluated loans.

Individually evaluated commercial loans were $40.8 million at September 30, 2023, a decrease of $37.5 million, compared to $78.3 million at December 31, 2022 and a decrease of $2.8 million, compared to $43.7 million at September 30, 2022. The $78.3 million of individually evaluated commercial loans at December 31, 2022 included $11.5 million of loans modified in a TDR which were on accrual status and performing in accordance with the restructured terms, up from $10.9 million at September 30, 2022.

At September 30, 2023, Park had taken partial charge-offs of $2.1 million related to the $40.8 million of individually evaluated commercial loans, compared to partial charge-offs of $1.8 million related to the $78.3 million of individually evaluated commercial loans at December 31, 2022.

Loans Acquired with Deteriorated Credit Quality: In conjunction with the NewDominion acquisition, Park acquired loans with a book value of $277.9 million as of the July 1, 2018 acquisition date. These loans were recorded at the initial fair value of $272.8 million. Loans acquired with deteriorated credit quality (ASC 310-30) with a book value of $5.1 million were recorded at the initial fair value of $4.9 million. In conjunction with the Carolina Alliance acquisition, Park acquired loans and leases with a book value of $589.7 million as of the April 1, 2019 acquisition date. These loans and leases were recorded at the initial fair value of $578.6 million. Loans and leases acquired with deteriorated credit quality (ASC 310-30) with a book value of $19.9 million were recorded at the initial fair value of $18.4 million.

Upon Park's adoption of CECL on January 1, 2021, $52,000 of the credit discount on PCD loans was reclassified to the allowance for credit losses. PCD loans are individually evaluated on a quarterly basis to determine if a specific reserve is necessary. At September 30, 2023 and at December 31, 2022, there was no allowance for credit losses on PCD loans. The carrying amount of accruing loans acquired with deteriorated credit quality at September 30, 2023 and at December 31, 2022 was $3.8 million and $4.7 million, respectively. The carrying amount of nonaccrual loans acquired with deteriorated credit quality was $549,000 at September 30, 2023. There were no nonaccrual loans acquired with deteriorated quality at December 31, 2022.

Allowance for Credit Losses: The allowance for credit losses is calculated on a quarterly basis. The methodology for calculating the ACL and assumptions made as of September 30, 2023 are detailed below.

Quantitative Considerations

The ACL is primarily calculated utilizing a DCF model. Key inputs and assumptions used in this model are discussed below:

•Forecast model - For each portfolio segment, a LDA was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilized Park's own FFIEC Call Report data for the commercial, financial and agricultural loan and the residential real estate loan portfolio segments. Peer data was incorporated into the analysis for the commercial real estate loan, the construction real estate loan, and the consumer portfolio loan segments. Park updated the LDA in the fourth quarter of 2022 with data through September 30, 2022. After considering the impact of the inclusion of periods impacted by COVID, as well as analysis of the ongoing applicability of the selected peer group, management decided it was appropriate to continue to utilize the LDA analysis from the fourth quarter of 2019 as the correlation of the LDA was higher.

•Probability of default – PD is the probability that an asset will be in default within a given time frame. Park has defined default to be when a charge-off has occurred, a loan is placed on nonaccrual, or a loan is greater than 90 days past due. Whenever possible, Park utilizes its own loan-level PDs for the reasonable and supportable forecast period. When loan-level data is not available reflecting the forecasted economic conditions, a forecast model is utilized to estimate PDs.

•Loss given default – LGD is the percentage of the asset not expected to be collected due to default. Whenever possible, Park utilizes its own loan-level LGDs for the reasonable and supportable forecast period. When it is not possible to use Park's own LGDs, the LGD is derived using a method referred to as Frye Jacobs.

•Prepayments and curtailments – Prepayments and curtailments are calculated based on Park’s own data utilizing a three-year average. This analysis is updated annually in the fourth quarter and was last updated in the fourth quarter of 2022.

•Forecast and reversion – Park has established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average.

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•Economic forecast - Park utilizes a third party to provide economic forecasts under various scenarios, which are weighted in order to reflect model risk in the current economic environment. The scenario weighting is evaluated by management on a quarterly basis.

◦As of December 31, 2022, the "most likely" scenario forecasted Ohio unemployment between 4.14% and 4.36% during the next four quarters. In determining the appropriate weighting of scenarios at December 31, 2022, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high level of inflation, historically low consumer confidence, rising interest rates, geopolitical conflict (including the conflict between Russia and Ukraine), and workforce and supply chain challenges continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at December 31, 2022.

◦As of March 31, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.15% and 4.51% during the next four quarters. In determining the appropriate weighting of scenarios at March 31, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high level of inflation, historically low consumer confidence, rising interest rates, financial system stress related to recent bank failures, geopolitical conflict, and workforce challenges continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at March 31, 2023.

◦As of June 30, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.01% and 4.62% during the next four quarters. In determining the appropriate weighting of scenarios at June 30, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, the likelihood of interest rates increasing, financial system stress and geopolitical conflict continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at June 30, 2023.

◦As of September 30, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.07% and 4.66% during the next four quarters. In determining the appropriate weighting of scenarios at September 30, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, continued elevated interest rates, financial system stress and geopolitical conflict (including the conflicts between Russia and Ukraine and between Israel and Hamas), continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at September 30, 2023.

Qualitative Considerations

Park reviews various internal and external factors to consider the need for any qualitative adjustments to the quantitative model. Factors considered include the following:

•The nature and volume of Park’s financial assets; the existence, growth, and effect of any concentrations of credit and the volume and severity of past due financial assets, the volume of nonaccrual assets, and the volume and severity of adversely classified or graded assets. Specifically, management considers:

◦Trends (e.g., growth, reduction) in specific categories of the loan portfolio, as well as adjustments to the types of loans offered by Park.

◦Level of and trend in loan delinquencies, troubled loans, commercial watch list loans and nonperforming loans.

◦Level of and trend in new nonaccrual loans.

◦Level of and trend in loan charge-offs and recoveries.

•Park's lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, charge-offs, and recoveries.

•The quality of Park’s credit review function.

•The experience, ability, and depth of Park’s lending, investment, collection, and other relevant management and staff.

•The effect of other external factors such as the regulatory, legal and technological environments; competition; geopolitical conflict; and events such as natural disasters or pandemics.

•Actual and expected changes in international, national, regional, and local economic and business conditions and developments in the markets in which Park operates that affect the collectability of financial assets.

•Where the U.S. economy is within a given credit cycle.

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•The extent that there is government assistance (stimulus).

At September 30, 2023 and at December 31, 2022, Park had $2.4 million and $4.2 million, respectively, of PPP loans which were included in the commercial, financial and agricultural loan portfolio segment. These loans are guaranteed by the SBA and thus have not been reserved for using the same methodology as the rest of Park’s loan portfolio. A 10 basis point reserve at each of September 30, 2023 and December 31, 2022 was calculated for these loans to reflect minimal credit risk.

Additional Considerations

As part of its quarterly allowance process, Park evaluates certain industries which are more likely to be under economic stress in the current environment. The office sector continues to face challenges as it adjusts to the new normal of work from home brought on by the pandemic. Nationally, office properties in downtown and urban business districts are seeing the most stress. As of September 30, 2023, Park had $212.7 million of loans which were fully or partially secured by non-owner-occupied office space. Of the $212.7 million in loans collateralized by non-owner-occupied office space, $210.1 million were accruing. This portfolio is not currently exhibiting signs of stress, but Park continues to monitor this portfolio, and others, for signs of deterioration.

Other Income

Other income decreased by $19.0 million to $27.7 million for the quarter ended September 30, 2023, compared to $46.7 million for the third quarter of 2022 and decreased $32.4 million to $77.1 million for the first nine months of 2023, compared to $109.5 million for the first nine months of 2022.

The decrease for the three months ended September 30, 2023 compared to the three months ended September 30, 2022 was primarily due to decreases in service charges on deposit accounts, other service income, (loss) gain on sale of OREO, net, OREO valuation markup, other components of net periodic pension benefit income, and miscellaneous income, partially offset by increases in income from fiduciary activities, debit card fee income, bank owned life insurance income, and gain on equity securities, net.

The decrease for the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 was primarily due to decreases in service charges on deposit accounts, other service income, bank owned life insurance income, (loss) gain on sale of OREO, net, OREO valuation markup, gain on equity securities net, other components of net periodic pension benefit income, and miscellaneous income, partially offset by increases in income from fiduciary activities and debit card fee income.

The following table provides a summary of the changes in the components of other income:

	Three months ended September 30,						Nine months ended September 30,
(In thousands)	2023		2022		Change		2023		2022		Change
Income from fiduciary activities	$	9,100	$	8,216	$	884	$	26,531	$	25,872	$	659
Service charges on deposit accounts	2,109		2,859		(750)		6,391		7,496		(1,105)
Other service income	2,615		2,956		(341)		7,951		12,715		(4,764)
Debit card fee income	6,652		6,514		138		19,939		19,371		568
Bank owned life insurance income	1,448		1,185		263		3,965		4,734		(769)
ATM fees	575		610		(35)		1,661		1,725		(64)
(Loss) gain on sale of OREO, net	(6)		5,607		(5,613)		(3)		5,611		(5,614)
OREO valuation markup	—		12,009		(12,009)		15		12,039		(12,024)
Gain on equity securities, net	998		58		940		618		3,120		(2,502)
Other components of net periodic pension benefit income	1,893		3,027		(1,134)		5,679		9,081		(3,402)
Miscellaneous	2,329		3,653		(1,324)		4,368		7,779		(3,411)
Total other income	$	27,713	$	46,694	$	(18,981)	$	77,115	$	109,543	$	(32,428)

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Income from fiduciary activities increased by $884,000, or 10.8%, to $9.1 million for the three months ended September 30, 2023, compared to $8.2 million for the same period of 2022 and increased $659,000, or 2.5%, to $26.5 million for the nine months ended September 30, 2023 compared to $25.9 million for the same period in 2022. The majority of fiduciary fees are calculated on a lag, based on the market value of the assets under management. The average market value of assets under management for the three months ended September 30, 2023 was $7,797 million compared to $7,062 million for the same period in 2022. The average market value for the first nine months of 2023 was $7,635 million compared to $7,216 million for the same period in 2022.

Service charges on deposit accounts decreased by $750,000, or 26.2%, to $2.1 million for the three months ended September 30, 2023, compared to $2.9 million for the same period of 2022 and decreased $1.1 million, or 14.7%, to $6.4 million for the nine months ended September 30, 2023 compared to $7.5 million for the same period of 2022. The decreases for both the three-month and nine-month periods ended September 30, 2023 compared to the same periods in September 30, 2022 were primarily due to a decrease in NSF income, partially offset by an increase in account maintenance fees.

Other service income decreased by $341,000, or 11.5%, to $2.6 million for the three months ended September 30, 2023, compared to $3.0 million for the same period of 2022. The primary reasons for the decrease for the three months ended September 30, 2023 compared to the same period of 2022 were a decrease in fee income related to mortgage loan originations to be sold in the secondary market of $287,000 and a decrease in commercial loan fee income of $128,000, partially offset by an increase in investor rate locks and mortgage loans held for sale of $54,000 and an increase in other consumer real estate fees of $121,000. Mortgage origination volume decreased by $26.8 million, or 17.4%, to $127.4 million for the three months ended September 30, 2023 from $154.1 million for the three months ended September 30, 2022.

Other service income decreased by $4.8 million, or 37.5%, to $7.9 million for the nine months ended September 30, 2023, compared to $12.7 million for the same period of 2022. The primary reasons for the decrease for the nine months ended September 30, 2023 compared to the same period of 2022 were a decrease in fee income related to mortgage loan originations to be sold in the secondary market of $2.9 million, a decrease in mortgage servicing rights income of $1.8 million, and a decrease in commercial loan fee income of $578,000, partially offset by an increase in investor rate locks and mortgage loans held for sale of $359,000 and an increase in other consumer real estate fees of $297,000. Mortgage origination volume decreased by $174.1 million, or 37.4%, to $291.9 million for the nine months ended September 30, 2023 from $466.0 million for the nine months ended September 30, 2022.

Bank owned life insurance income increased by $263,000, or 22.2%, to $1.4 million for the three months ended September 30, 2023, compared to $1.2 million for the same period of 2022 and decreased $769,000, or 16.2%, to $4.0 million for the nine months ended September 30, 2023, compared to $4.7 million for the same period of 2022. The increase for the three-month period ended September 30, 2023 compared to September 30, 2022 was due to an increase in received death benefits. The decrease for the nine-month period ended September 30, 2023 compared to September 30, 2022 was due to a decrease in received death benefits.

(Loss) gain on sale of OREO, net decreased by $5.6 million to a net loss on sale of OREO of $6,000 for the three months ended September 30, 2023 compared to a net gain on sale of OREO of $5.6 million for the three months ended September 30, 2022 and decreased $5.6 million to a loss gain on sale of OREO of $3,000 for the nine months ended September 30, 2023 compared to a net gain on the sale of OREO of $5.6 million for the same period in 2022. A $5.6 million gain on the sale of OREO, net, was recognized during the three months and the nine months ended September 30, 2022 related to former Vision Bank relationships. There was no gain on the sale of OREO, net, related to former Vision Bank relationships during the three months and the nine months ended September 30, 2023.

There was no OREO valuation markup income recognized in the three months ended September 30, 2023 compared to $12.0 million recognized during the three months ended September 30, 2022. OREO valuation markup income decreased by $12.0 million to $15,000 for the nine months ended September 30, 2023 compared to $12.0 million for the nine months ended September 30, 2022. The $12.0 million OREO valuation markup during the three months and the nine months ended September 30, 2022 related to the foreclosure and subsequent sale of a property collateralizing a former Vision Bank relationship. There was no OREO valuation markup related to former Vision Bank relationships during the three months and the nine months ended September 30, 2023.

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Gain on equity securities, net, increased by $940,000, to a net gain of $998,000 for the three months ended September 30, 2023, compared to a net gain of $58,000 for the same period in 2022. The $940,000 increase for the three months ended September 30, 2023 compared to the three months ended September 30, 2022 was related to a $113,000 change in the gain (loss) on other equity securities which went from a net loss of $39,000 for the three months ended September 30, 2022 to a net gain of $74,000 for the three months ended September 30, 2023, and a $827,000 increase in the gain on equity securities held at NAV, which went from a $97,000 net gain for the three months ended September 30, 2022 to a $924,000 net gain for the three months ended September 30, 2023.

Gain on equity securities, net, decreased by $2.5 million, to a net gain of $618,000 for the nine months ended September 30, 2023, compared to a net gain of $3.1 million for the same period in 2022. The $2.5 million change for the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 was related to a $553,000 change in gain (loss) on other equity securities which went from a $488,000 net gain for the nine months ended September 30, 2022 to a $65,000 net loss for the nine months ended September 30, 2023, and a $1.9 million decrease in the gain on equity securities held at NAV, which went from a $2.6 million net gain for the nine months ended September 30, 2022 to a $683,000 net gain for the nine months ended September 30, 2023.

Other components of net periodic pension benefit income decreased $1.1 million to $1.9 million for the three months ended September 30, 2023 compared to $3.0 million for the same period in 2022 and decreased $3.4 million to $5.7 million for the nine months ended September 30, 2023 compared to $9.1 million for the same period in 2022. The decrease was largely due to a decrease in the expected return on plan assets and an increase in interest cost.

Miscellaneous income decreased $1.3 million, or 36.2%, to $2.3 million for the three months ended September 30, 2023 compared to $3.7 million for the same period of 2022. The decrease for the three-month period ended September 30, 2023 compared to the same period of 2022 was primarily a result of decreases in gains on sales of loans and other assets and settlement income and fees earned on off-balance sheet deposit accounts, partially offset by miscellaneous income received as a part of an investment fund liquidation.

Miscellaneous income decreased $3.4 million, or 43.8% to $4.4 million for the nine months ended September 30, 2023 compared to $7.8 million for the same period of 2022. The decrease for the nine-month period ended September 30, 2023 compared to the same period of 2022 was primarily a result of decreases in (i) brokerage income; (ii) operating lease income; (iii) wire transfer and ACH fees as a result of the reclassification of these fees to service charges on deposit accounts; (iv) settlement income and fees earned on off-balance sheet deposit accounts; and (v) gains on sales of loans and other assets; partially offset by a decrease in OREO devaluations and miscellaneous income received as a part of an investment fund liquidation.

Other Expense

Other expense decreased by $5.1 million to $77.8 million for the three months ended September 30, 2023 compared to $82.9 million for the same period of 2022 and increased by $9.9 million to $230.2 million for the nine months ended September 30, 2023 compared to $220.3 million for the nine months ended September 30, 2022.

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The following table is a summary of the changes in the components of other expense:

	Three months ended September 30,						Nine months ended September 30,
(In thousands)	2023		2022		Change		2023		2022		Change
Salaries	$	34,525	$	37,889	$	(3,364)	$	103,045	$	99,462	$	3,583
Employee benefits	10,822		9,897		925		32,176		30,595		1,581
Occupancy expense	3,203		3,455		(252)		9,770		9,709		61
Furniture and equipment expense	3,060		2,912		148		9,409		8,783		626
Data processing fees	9,700		8,170		1,530		28,032		24,090		3,942
Professional fees and services	7,572		8,359		(787)		22,158		20,992		1,166
Marketing	1,197		1,595		(398)		3,755		3,931		(176)
Insurance	2,158		1,237		921		5,932		3,887		2,045
Communication	1,135		1,098		37		3,217		2,923		294
State tax expense	1,125		1,186		(61)		3,499		3,545		(46)
Amortization of intangible assets	334		341		(7)		989		1,146		(157)
Foundation contribution	—		4,000		(4,000)		—		4,000		(4,000)
Miscellaneous	2,977		2,764		213		8,214		7,261		953
Total other expense	$	77,808	$	82,903	$	(5,095)	$	230,196	$	220,324	$	9,872

Salaries decreased by $3.4 million, or 8.9%, to $34.5 million for the three months ended September 30, 2023, compared to $37.9 million for the same period in 2022. The decrease for the three months ended September 30, 2023 compared to the same period of 2022 was due to a decrease of $3.7 million in additional compensation expense, a decrease of $2.2 million in officer incentive compensation, and a decrease in long-term incentive expense of $170,000. These decreases were partially offset by an increase in base salary expense of $2.6 million.

Salaries increased by $3.6 million, or 3.6%, to $103.0 million for the nine months ended September 30, 2023, compared to $99.5 million for the same period in 2022. The increase for the nine months ended September 30, 2023 compared to the same period of 2022 was due to an increase of $9.3 million in base salary expense as full-time equivalent employees increased from 1,711 at September 30, 2022 to 1,794 at September 30, 2023. Also contributing to the increase in the first nine months of 2023 compared to the first nine months of 2022 was an increase in long-term incentive expense of $559,000. These increases were partially offset by a decrease in additional compensation expense of $4.4 million and a decrease of $2.0 million in officer incentive compensation expense.

Employee benefits increased $925,000, or 9.3%, to $10.8 million for the three months ended September 30, 2023, compared to $9.9 million for the same period in 2022 and increased $1.6 million, or 5.2%, to $32.2 million for the nine months ended September 30, 2023 compared to $30.6 million for the same period. The $925,000 increase for the three months ended September 30, 2023 compared to the same period in 2022 was primarily due to an increase in group insurance costs of $1.3 million and an increase in payroll tax expense of $262,000, partially offset by decreased pension plan expense of $878,000. The $1.6 million increase for the nine months ended September 30, 2023 compared to the same period in 2022 was primarily due to an increase in group insurance costs of $2.9 million, an increase in payroll tax expense of $815,000, and an increase in company match KSOP contributions of $247,000, partially offset by a decrease in pension plan expense of $2.6 million.

Furniture and equipment expense increased $148,000, or 5.1%, to $3.1 million for the three months ended September 30, 2023 compared to $2.9 million for the same period in 2022, and increased $626,000, or 7.1%, to $9.4 million for the nine months ended September 30, 2023 from $8.8 million for the same period in 2022. The increase for both the three-month and the nine-month periods ended September 30, 2023 compared to the same periods in 2022 related to an increase in depreciation expense.

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Data processing expense increased $1.5 million, or 18.7%, to $9.7 million for the three months ended September 30, 2023 compared to $8.2 million for the same period in 2022, and increased $3.9 million, or 16.4%, to $28.0 million for the nine months ended September 30, 2023 from $24.1 million for the same period in 2022. The increase for both the three-month and the nine-month periods ended September 30, 2023 compared to the same periods in 2022 related to an increase in software expense and debit card processing costs.

Professional fees and services expense decreased $787,000, or 9.4%, to $7.6 million for the three months ended September 30, 2023 compared to $8.4 million for the same period in 2022. The decrease for the three-month period ended September 30, 2023 compared to the same period in 2022 related to (i) a $1.0 million decrease in management consulting fees with the elevated 2022 amount due to direct expenses related to the collection of payments on former Vision Bank loan relationships; (ii) a decrease of $280,000 in recruiting expenses; and (iii) a decrease of $387,000 in audit and supervisory exam expense, partially offset by a $310,000 increase in legal fees and a $266,000 increase in down payment assistance costs.

Professional fees and services expense increased $1.2 million, or 5.6%, to $22.2 million for the nine months ended September 30, 2023 compared to $21.0 million for the same period in 2022. The increase for the nine-month period ended September 30, 2023 compared to the same period in 2022 related to (i) a $252,000 increase in directors fees; (ii) a $527,000 increase in ICS fees; (iii) a $633,000 increase in legal expenses; (iv) a $300,000 increase in down payment assistance costs; (v) a $462,000 increase in other fees; and (vi) a $403,000 increase in temporary wages; partially offset by a $694,000 decrease in management consulting fees, a $374,000 decrease in recruiting expenses, and a $513,000 decrease in audit and supervisory exam expense.

Insurance expense increased $921,000 or 74.5%, to $2.2 million for the three months ended September 30, 2023 compared to $1.2 million for the same period in 2022 and increased $2.0 million, or 52.6%, to $5.9 million for the nine months ended September 30, 2023 compared to $3.9 million for the same period in 2022. The increase for both the three-month and the nine-month periods ended September 30, 2023 compared to the periods ended September 30, 2022 related to an increase in FDIC insurance assessment expense.

The Foundation contribution decrease for the three months and the nine months ended September 30, 2023, compared to the same periods of 2022, was due to a $4.0 million contribution being made to Park's charitable foundation during the three months and the nine months ended September 30, 2022. There was no contribution made by Park to its charitable foundation during the three months and the nine months ended September 30, 2023.

The subcategory "miscellaneous" other expense includes expenses for supplies, travel and other miscellaneous expense. The subcategory miscellaneous other expense increased $213,000, or 7.7%, to $3.0 million for the three-month period ended September 30, 2023, compared to $2.8 million for the same period in 2022. The $213,000 increase in expense for the three months ended September 30, 2023 compared to the three months ended September 30, 2022 was primarily related to an increase in non-loan related losses of $248,000 and the accrual of a potential tax penalty of $592,000, partially offset by a decrease of $571,000 in the provision for unfunded credit losses.

The subcategory "miscellaneous" other expense increased $953,000, or 13.1%, to $8.2 million for the nine-month period ended September 30, 2023 compared to $7.3 million for the same period in 2022. The $953,000 increase in expense for the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 was primarily related to an increase in non-loan related losses of $268,000, the accrual of a potential tax penalty of $592,000, an increase in travel expense of $329,000, and an increase of $419,000 in training expenses, partially offset by a $385,000 decrease in operating lease deprecation and a decrease of $181,000 in the provision for unfunded credit losses.

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Items Impacting Comparability

From time to time, revenue, expenses, and/or taxes are impacted by items judged by management of Park to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by management of Park at that time to be infrequent or short-term in nature. Most often, these items impacting comparability of period results relate to merger and acquisition activities and revenue and expenses related to former Vision Bank loan relationships. In other cases, they may result from management's decisions associated with significant corporate actions outside of the ordinary course of business.

The following table details those items which management believes impact the comparability of current and prior period amounts.

	THREE MONTHS ENDED						NINE MONTHS ENDED
(in thousands except per common share data)	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022			Affected Line Item
Net interest income	$	94,269		$	90,828		$	278,039		$	252,453
less purchase accounting accretion related to NewDominion and Carolina Alliance acquisitions	145			494			509			1,516			Interest and fees on loans
less purchase accounting accretion related to NewDominion and Carolina Alliance acquisitions	—			1			—			6			Interest on deposits
less interest income on former Vision Bank relationships	9			649			596			2,996			Interest and fees on loans
Net interest income - adjusted	$	94,115		$	89,684		$	276,934		$	247,935
(Recovery of) provision for credit losses	$	(1,580)		$	3,190		$	1,095		$	1,576
less recoveries on former Vision Bank relationships	(40)			(20)			(788)			(527)			(Recovery of) provision for credit losses
(Recovery of) provision for credit losses - adjusted	$	(1,540)		$	3,210		$	1,883		$	2,103
Total other income	$	27,713		$	46,694		$	77,115		$	109,543
less other service income related to former Vision Bank relationships	—			3			135			503			Other service income
less Vision Bank related gain on the sale of OREO, net	—			5,607			—			5,607			(Loss) gain on the sale of OREO, net
less Vision Bank related OREO valuation markup	—			12,009			—			12,009			OREO valuation markup
Total other income - adjusted	$	27,713		$	29,075		$	76,980		$	91,424
Total other expense	$	77,808		$	82,903		$	230,196		$	220,324
less direct expenses related to collection of payments on former Vision Bank loan relationships	—			1,295			100			1,661			Professional fees and services
less core deposit intangible amortization related to NewDominion and Carolina Alliance acquisitions	334			341			989			1,146			Amortization of intangible assets
less Foundation contribution	—			4,000			—			4,000			Foundation contribution
Total other expense - adjusted	$	77,474		$	77,267		$	229,107		$	213,517
Tax effect of adjustments to net income identified above (7)	$	29		$	(2,761)		$	(197)		$	(3,435)
Net income - reported	$	36,917		$	42,068		$	102,234		$	115,267
Net income - adjusted (6)	$	37,028		$	31,682		$	101,492		$	102,345
Diluted EPS	$	2.28		$	2.57		$	6.29		$	7.05
Diluted EPS- adjusted (6)	$	2.28		$	1.93		$	6.24		$	6.26
Annualized return on average assets (1)(2)	1.47		%	1.61		%	1.37		%	1.55		%
Annualized return on average assets- adjusted (1)(2)(6)	1.47		%	1.21		%	1.36		%	1.37		%
Annualized return on average tangible assets (1)(2)(4)	1.49		%	1.63		%	1.39		%	1.57		%
Annualized return on average tangible assets- adjusted (1)(2)(4)(6)	1.50		%	1.23		%	1.38		%	1.40		%

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	THREE MONTHS ENDED				NINE MONTHS ENDED
(in thousands except per common share data)	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Annualized return on average shareholders' equity (1)(2)	13.28	%	15.50	%	12.48	%	14.22	%
Annualized return on average shareholders' equity- adjusted (1)(2)(6)	13.32	%	11.68	%	12.39	%	12.62	%
Annualized return on average tangible equity (1)(2)(3)	15.62	%	18.33	%	14.70	%	16.80	%
Annualized return on average tangible equity- adjusted (1)(2)(3)(6)	15.66	%	13.81	%	14.59	%	14.91	%
Efficiency ratio (5)	63.25	%	59.88	%	64.29	%	60.43	%
Efficiency ratio- adjusted (5)(6)	63.05	%	64.56	%	64.21	%	62.44	%
Annualized net interest margin (5)	4.12	%	3.81	%	4.09	%	3.74	%
Annualized net interest margin- adjusted (5)(6)	4.11	%	3.76	%	4.07	%	3.67	%

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Financial Reconciliations
(1) Reported measure uses net income.
(2) Averages are for the three months and the nine months ended September 30, 2023 and September 30, 2022, as appropriate.
(3) Net income for each period divided by average tangible equity during the period. Average tangible equity equals average shareholders' equity during the applicable period less average goodwill and other intangible assets during the applicable period.
RECONCILIATION TO AVERAGE SHAREHOLDERS' EQUITY OF AVERAGE TANGIBLE EQUITY:
	THREE MONTHS ENDED				NINE MONTHS ENDED
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
AVERAGE SHAREHOLDERS' EQUITY	$	1,102,677	$	1,076,526	$	1,094,924	$	1,084,080
Less: Average goodwill and other intangible assets	164,801		166,136		165,127		166,521
AVERAGE TANGIBLE EQUITY	$	937,876	$	910,390	$	929,797	$	917,559
(4) Net income for each period divided by average tangible assets during the period. Average tangible assets equals average assets less average goodwill and other intangible assets, in each case during the applicable period.
RECONCILIATION TO AVERAGE ASSETS OF AVERAGE TANGIBLE ASSETS
	THREE MONTHS ENDED				NINE MONTHS ENDED
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
AVERAGE ASSETS	$	9,965,114	$	10,384,049	$	9,980,256	$	9,964,863
Less: Average goodwill and other intangible assets	164,801		166,136		165,127		166,521
AVERAGE TANGIBLE ASSETS	$	9,800,313	$	10,217,913	$	9,815,129	$	9,798,342
(5) Efficiency ratio is calculated by dividing total other expense by the sum of FTE net interest income and other income. The reconciliation of FTE net interest income to net interest income is shown below assuming a 21% federal corporate income tax rate. Additionally, net interest margin is calculated on a fully taxable equivalent basis by dividing FTE net interest income by average interest earning assets, in each case during the applicable period.
RECONCILIATION TO FTE NET INTEREST INCOME OF NET INTEREST INCOME
	THREE MONTHS ENDED				NINE MONTHS ENDED
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Interest income	$	120,889	$	99,944	$	346,464	$	269,437
FTE adjustment	1,042		932		2,888		2,623
FTE interest income	$	121,931	$	100,876	$	349,352	$	272,060
Interest expense	26,620		9,116		68,425		16,984
FTE net interest income	$	95,311	$	91,760	$	280,927	$	255,076
(6) Adjustments to net income for each period presented are detailed in the non-GAAP reconciliations of net interest income, (recovery of) provision for credit losses, total other income, and total other expense, as well as the disclosure of the "Tax effect of adjustments to net income identified above."
(7) The tax effect of adjustments to net income was calculated assuming a 21% federal corporate income tax rate.
(8) Pre-tax, pre-provision ("PTPP") net income is calculated as net income, plus income taxes, plus the (recovery of) provision for credit losses, in each case during the applicable period. PTPP net income is a common industry metric utilized in capital analysis and review. PTPP is used to assess the operating performance of Park while excluding the impact of the provision for (recovery of) credit losses.
RECONCILIATION TO NET INCOME OF PRE-TAX, PRE-PROVISION NET INCOME
	THREE MONTHS ENDED				NINE MONTHS ENDED
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Net income	$	36,917	$	42,068	$	102,234	$	115,267
Plus: Income taxes	8,837		9,361		21,629		24,829
Plus: (Recovery of) provision for credit losses	(1,580)		3,190		1,095		1,576
Pre-tax, pre-provision net income	$	44,174	$	54,619	$	124,958	$	141,672

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Income Tax

Income tax expense was $8.8 million for the third quarter of 2023 and consisted of federal income tax expense of $7.9 million and state income tax expense of $920,000. This compares to income tax expense of $9.4 million for the third quarter of 2022, which consisted of federal income tax expense of $9.0 million and state income tax expense of $341,000. The effective income tax rate for the third quarter of 2023 was 19.3%, compared to 18.2% for the same period in 2022. Income tax expense was $21.6 million for the nine months ended September 30, 2023 and consisted of federal income tax expense of $20.6 million and state income tax expense of $1.0 million. This compares to income tax expense of $24.8 million for the nine months ended September 30, 2022, which consisted of federal income tax expense of $23.8 million and state income tax expense of $987,000. The effective income tax rate for the nine months ended September 30, 2023 was 17.4%, compared to 17.7% for the same period in 2022.

The difference between the statutory federal corporate income tax rate of 21% and Park's effective income tax rate reflects permanent tax differences, primarily consisting of tax-exempt interest income from municipal investments and loans, qualified affordable housing and historical tax credits, bank owned life insurance income, and dividends paid on the common shares held within Park's KSOP, offset by the impact of state income taxes. Park expects permanent federal income tax differences for the 2023 year will be approximately $6.9 million.

Comparison of Financial Condition

At September 30, 2023 and at December 31, 2022

Changes in Financial Condition

Total assets increased by $145.9 million during the first nine months of 2023 to $10,001 million at September 30, 2023, compared to $9,855 million at December 31, 2022. This increase was primarily due to the following:

•Cash and cash equivalents increased by $33.9 million, or 17.9%, to $223.6 million at September 30, 2023, compared to $189.7 million at December 31, 2022. Money market instruments increased by $50.4 million and cash and due from banks decreased by $16.5 million.

•Loans increased by $207.9 million, or 2.9%, to $7,350 million at September 30, 2023, compared to $7,142 million at December 31, 2022.

•Total investment securities decreased by $112.0 million, or 6.1%, to $1,709 million at September 30, 2023, compared to $1,821 million at December 31, 2022.

Total liabilities increased by $129.6 million, or 1.5%, during the first nine months of 2023 to $8,915 million at September 30, 2023, compared to $8,786 million at December 31, 2022. This increase was primarily due to the following:

•Total deposits increased by $10.0 million, or 0.1%, to $8,245 million at September 30, 2023, compared to $8,235 million at December 31, 2022. During 2020, Park made the decision to participate in an OWS program in order to manage the balance sheet. At September 30, 2023 and at December 31, 2022, Park had $763,000 and $195.9 million, respectively, in off-balance sheet deposits.

•Short-term borrowings increased by $125.4 million, or 55.2%, to $352.8 million at September 30, 2023, compared to $227.3 million at December 31, 2022.

•Other liabilities decreased by $7.6 million, or 9.6%, to $71.4 million at September 30, 2023, compared to $78.9 million at December 31, 2022.

Total shareholders’ equity increased by $16.3 million, or 1.5%, to $1,086 million at September 30, 2023, from $1,069 million at December 31, 2022. This increase was primarily due to the following:

•Retained earnings increased by $49.4 million during the period primarily as a result of net income of $102.2 million, partially offset by cash dividends on common shares of $51.6 million.

•Treasury shares increased by $19.0 million during the period as a result of the repurchase of an aggregate of 199,000 common shares to be held in treasury, partially offset by the issuance of treasury shares under share-based compensation awards (net of common shares withheld to pay employee income taxes).

•The increases noted above were partially offset by a $13.5 million change in accumulated other comprehensive loss, net of taxes, from a negative $102.4 million at December 31, 2022, to a negative $115.9 million at September 30, 2023, and was largely comprised of unrealized net holding losses on debt securities AFS, net of taxes, of $109.2

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million at September 30, 2023 compared to unrealized net holding losses on debt securities AFS, net of taxes of $95.7 million at December 31, 2022.

Increases or decreases in the investment securities portfolio, short-term borrowings and long-term debt are greatly dependent upon the growth in loans and deposits. The primary objective of management is to grow loan and deposit totals. To the extent that management is unable to grow loan totals at a desired growth rate, additional investment securities may be acquired. Likewise, both short-term borrowings and long-term debt are utilized to fund the growth in earning assets if the growth in deposits and cash flow from operations are not sufficient to do so.

Liquidity

Cash provided by operating activities was $96.9 million and $89.6 million for the nine months ended September 30, 2023 and 2022, respectively. Net income was the primary source of cash from operating activities for each of the nine-month periods ended September 30, 2023 and 2022.

Cash used in investing activities was $120.5 million and $403.2 million for the nine months ended September 30, 2023 and 2022, respectively. Proceeds from the sale, repayment, or maturity of investment securities provide cash and purchases of investment securities use cash. Net investment securities transactions provided cash of $95.1 million for the nine months ended September 30, 2023 and used cash of $175.2 million for the nine months ended September 30, 2022. Another major use or source of cash in investing activities is the net increase or decrease in the loan portfolio. Cash used by the net increase in the loan portfolio was $203.3 million and $234.2 million for the nine months ended September 30, 2023 and 2022, respectively.

Cash provided by financing activities was $57.6 million and $301.8 million for the nine months ended September 30, 2023 and 2022, respectively. A major source of cash for financing activities is the net change in deposits. Deposits (net of off-balance sheet deposits) increased and provided $10.0 million and $405.4 million of cash for the nine months ended September 30, 2023 and 2022, respectively. Another major source/use of cash from financing activities is borrowings in the form of short-term borrowings, long-term debt and subordinated notes. For the nine months ended September 30, 2023, net short-term borrowings increased and provided $125.4 million in cash. For the nine months ended September 30, 2022, net short-term borrowings decreased and used $49.3 million in cash. For the nine months ended September 30, 2023, cash declined by $23.0 million due to the repurchase of common shares to be held as treasury shares; while there were no repurchases of common shares during the nine months ended September 30, 2022. Finally, cash declined by $52.0 million and $51.6 million for the nine months ended September 30, 2023 and 2022, respectively, from the payment of dividends.

Effective liquidity management ensures that the cash flow requirements of depositors and borrowers, as well as the operating cash needs of the Corporation, are met. Funds are available from a number of sources, including the capital markets, the investment securities portfolio, the core deposit base, FHLB borrowings and the capability to securitize or package loans for sale. The most easily accessible forms of liquidity, Fed Funds Sold, unpledged investment securities and available FHLB borrowing capacity, totaled $2.17 billion at September 30, 2023. The Corporation’s loan to asset ratio was 73.49% at September 30, 2023, compared to 72.47% at December 31, 2022 and 71.23% at September 30, 2022. Cash and cash equivalents were $223.6 million at September 30, 2023, compared to $189.7 million at December 31, 2022 and $207.4 million at September 30, 2022. Management believes that the present funding sources provide more than adequate liquidity for the Corporation to meet its cash flow needs.

Capital Resources

Total shareholders’ equity at September 30, 2023 was $1,085.6 million, or 10.9% of total assets, compared to $1,069.2 million, or 10.9% of total assets, at December 31, 2022 and $1,036.2 million, or 10.5% of total assets, at September 30, 2022.

Financial institution regulators have established guidelines for minimum capital ratios for banks, thrifts and bank holding companies. Park has elected not to include the net unrealized gain or loss on debt securities AFS in computing regulatory capital. Park has adopted the Basel III regulatory capital framework as approved by the federal banking agencies. Under the Basel III regulatory capital framework, in order to avoid limitations on capital distributions, including dividend payments and stock repurchases, and certain discretionary bonus payments to executive officers, Park must hold a capital conservation buffer of 2.5% above the adequately capitalized risk-based capital ratios. The amounts shown below as the adequately capitalized ratio plus capital conservation buffer include the 2.50% buffer. The Federal Reserve Board has also adopted capital requirements Park must maintain to be deemed "well capitalized" and remain a financial holding company.

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Park and PNB met each of the well capitalized ratio guidelines applicable to them at September 30, 2023. The following table indicates the capital ratios for PNB and Park at September 30, 2023 and December 31, 2022.

	At September 30, 2023
	Leverage		Tier 1 Risk-Based		Common Equity Tier 1		Total Risk-Based
The Park National Bank	8.96	%	10.92	%	10.92	%	12.34	%
Park National Corporation	10.56	%	12.92	%	12.73	%	16.16	%
Adequately capitalized ratio	4.00	%	6.00	%	4.50	%	8.00	%
Adequately capitalized ratio plus capital conservation buffer	4.00	%	8.50	%	7.00	%	10.50	%
Well capitalized ratio (PNB)	5.00	%	8.00	%	6.50	%	10.00	%
Well capitalized ratio (Park)	N/A		6.00	%	N/A		10.00	%

	At December 31, 2022
	Leverage		Tier 1 Risk-Based		Common Equity Tier 1		Total Risk-Based
The Park National Bank	8.34	%	10.69	%	10.69	%	12.15	%
Park National Corporation	9.90	%	12.76	%	12.57	%	16.07	%
Adequately capitalized ratio	4.00	%	6.00	%	4.50	%	8.00	%
Adequately capitalized ratio plus capital conservation buffer	4.00	%	8.50	%	7.00	%	10.50	%
Well capitalized ratio (PNB)	5.00	%	8.00	%	6.50	%	10.00	%
Well capitalized ratio (Park)	N/A		6.00	%	N/A		10.00	%

Contractual Obligations and Commitments

In the ordinary course of operations, Park enters into certain contractual obligations. Such obligations include the funding of operations through debt issuances as well as leases for premises. See page 79 of Park’s 2022 Form 10-K (Table 39) for disclosure concerning contractual obligations and commitments at December 31, 2022. There were no significant changes in contractual obligations and commitments during the first nine months of 2023.

Financial Instruments with Off-Balance Sheet Risk

PNB is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include loan commitments and standby letters of credit. The instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements.

The exposure to credit loss (for PNB) in the event of nonperformance by the other party to the financial instrument for loan commitments and standby letters of credit is represented by the contractual amount of those instruments. PNB uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Since many of the loan commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan commitments to customers.

The total amounts of off-balance sheet financial instruments with credit risk were as follows:

(In thousands)	September 30, 2023		December 31, 2022
Loan commitments	$	1,537,815	$	1,416,699
Standby letters of credit	$	31,241	$	30,468

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ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Management reviews interest rate sensitivity on a quarterly basis by modeling the consolidated financial statements under various interest rate scenarios. The primary reason for these efforts is to guard Park from adverse impacts of unforeseen changes in interest rates. With the shift in deposit mix and other balance sheet composition changes, Park has experienced a moderation in earnings risk exposure to either rising or falling interest rate environments, and management views its risk profile as being relatively interest rate risk neutral. Management actively monitors changes in the sensitivity position and has ample tools to adjust exposure as needed. As a result, management expects further changes in interest rates to have a modest impact on net income.

On page 78 (Table 38) of Park’s 2022 Form 10-K, management reported that Park’s twelve-month cumulative rate sensitivity gap was a positive (assets exceeding liabilities) $1,087 million or 11.9% of total interest earning assets at December 31, 2022. At September 30, 2023, Park’s twelve-month cumulative rate sensitivity gap was a positive (assets exceeding liabilities) $394.3 million or 4.25% of total interest earning assets.

Management supplements the interest rate sensitivity gap analysis with periodic simulations of balance sheet sensitivity under various interest rate and what-if scenarios to better forecast and manage the net interest margin. Management uses a 50 basis point change in market interest rates per quarter for a total of 200 basis points per year in evaluating the impact of changing interest rates on net interest income and net income over a twelve-month horizon.

On page 79 of Park’s 2022 Form 10-K, management reported that at December 31, 2022, the earnings simulation model projected that net income would increase by 3.7% using a rising interest rate scenario and decrease by 5.4% using a declining interest rate scenario over the next year. At September 30, 2023, the earnings simulation model projected that net income would decrease by 3.0% using a rising interest rate scenario and would increase by 2.6% in a declining interest rate scenario. At September 30, 2023, management continues to believe that it has the tools necessary to mitigate gradual changes in interest rates (50 basis points per quarter for a total of 200 basis points per year) such that the overall impact to net income will be modest.

ITEM 4 – CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

With the participation of the Chairman of the Board and Chief Executive Officer (the principal executive officer) and the Chief Financial Officer, Secretary and Treasurer (the principal financial officer) of Park, Park’s management has evaluated the effectiveness of Park’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of September 30, 2023 (the end of the quarterly period covered by this Quarterly Report on Form 10-Q). Based on that evaluation, Park’s Chairman of the Board and Chief Executive Officer and Park’s Chief Financial Officer, Secretary and Treasurer have concluded that:

•information required to be disclosed by Park in this Quarterly Report on Form 10-Q and the other reports that Park files or submits under the Exchange Act would be accumulated and communicated to Park’s management, including its principal executive officer and its principal financial officer, as appropriate to allow timely decisions regarding required disclosure;

•information required to be disclosed by Park in this Quarterly Report on Form 10-Q and the other reports that Park files or submits under the Exchange Act would be recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms; and

•Park’s disclosure controls and procedures were effective as of September 30, 2023 (the end of the quarterly period covered by this Quarterly Report on Form 10-Q).

Changes in Internal Control Over Financial Reporting

There were no changes in Park's internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during Park's fiscal quarter ended September 30, 2023, that have materially affected, or are reasonably likely to materially affect, Park's internal control over financial reporting.

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PART II – OTHER INFORMATION

Item 1.       Legal Proceedings

    We are routinely engaged in various litigation and other legal matters. These include defending against claims of improper loan, deposit account, and other banking practices, as well as trust and investment, intellectual property, contract, and other legal matters, and we have a number of unresolved lawsuits and open matters pending resolution. In addition, we are parties to litigation involving the collection of delinquent accounts, challenges to security interests in collateral, foreclosure lawsuits, and similar matters which are part of, or incidental to, our ordinary course of business. While the ultimate liability with respect to these matters and claims cannot be determined at this time, we believe that losses, damages, or liabilities, if any, and other amounts relating to pending matters are not likely to be material to our consolidated financial position or results of operations. Reserves are established for these various litigation and other legal matters, when appropriate under FASB ASC Topic 450, Contingencies, based in part upon the advice of legal counsel.

Item 1A.     Risk Factors

There are certain risks and uncertainties in our business that could cause Park's actual results to differ materially from those anticipated. In “ITEM 1A. RISK FACTORS” of Part I of Park’s 2022 Form 10-K, we included a detailed discussion of our risk factors. In the first quarter of 2023, we identified one additional risk factor and updated an existing risk factor, which continue to apply to the third quarter of 2023. All of these risk factors should be read carefully in connection with evaluating Park's business and in connection with the forward-looking statements contained in this Quarterly Report on Form 10-Q. Any of the risks described in Park's 2022 Form 10-K or in this Quarterly Report on Form 10-Q could materially adversely affect our business, financial condition or future results and the actual outcome of matters as to which forward-looking statements are made. These are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

The impact of larger or similar-sized financial institutions encountering problems may adversely affect Park's business, earnings and financial condition.

Park is exposed to the risk that when a peer financial institution experiences financial difficulties, there could be an adverse impact on the regional banking industry and the business environment in which Park operates. The recent bank failures of Silicon Valley Bank in California, Signature Bank in New York, First Republic Bank in California, and Heartland Tri-State Bank in Kansas, during the first, second, and third quarters of 2023 have caused a degree of panic and uncertainty in the investor community and among bank customers generally. While Park does not believe that the circumstances of these four banks' failures are indicators of broader issues with the banking system, the failures may reduce customer confidence, affect sources of funding and liquidity, increase regulatory requirements and costs, adversely affect financial markets and/or have a negative reputational ramification for the financial services industry, including Park. Park will continue to monitor the ongoing events concerning these four banks as well as any future potential bank failures and volatility within the financial services industry generally, together with any responsive measures taken by the banking regulators to mitigate or manage potential turmoil in the financial services industry.

We may become subject to additional requirements and restrictions imposed by the U.S. Department of Justice (the "DOJ").

On February 28, 2023, Park National Bank reached an agreement with the DOJ to increase the efforts of Park National Bank to promote home lending in the Columbus, Ohio market. The agreement, which is reflected in the consent order filed on February 28, 2023, in the U.S. District Court for the Southern District of Ohio, Western Division (the “DOJ Consent Order”) and approved on March 2, 2023 by that Court, serves to voluntarily resolve all claims of the U.S. alleging that Park National Bank’s mortgage lending practices within the Columbus, Ohio Metropolitan Statistical Area violated the Fair Housing Act and the Equal Credit Opportunity Act.

In accordance with the terms of the DOJ Consent Order, Park National Bank will invest a minimum of $7.75 million over five years in a loan subsidy fund to increase credit opportunities for home mortgage loans, home improvement loans, home refinance loans and home equity loans and lines of credit for consumers applying for loans in majority-minority census tracts ("MCTS") in Fairfield, Franklin, Hocking, Licking, Morrow and Perry counties in Ohio (the “Columbus Lending Area”). Park National Bank will also devote a minimum of $500,000 over five years toward one or more community development partnership programs that provide services to residents of MCTS in the Columbus Lending Area related to credit, financial education, homeownership and foreclosure prevention; and at least $750,000 over five years toward advertising, community

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outreach, consumer financial education and credit counseling in the Columbus Lending Area. Park National Bank will also establish one new mortgage loan production office and one new full-service branch in MCTS in the Columbus Lending Area and has hired four lenders, one of whom is Spanish-speaking, focused on serving these communities. In addition, Park National Bank will continue to maintain, throughout the term of the DOJ Consent Order, Park National Bank’s full-time Director of Community Home Lending and Development position, who will oversee Park National Bank’s lending in MCTS in the Columbus Lending Area.

Park is committed to investing at least $9.0 million over five years and will record the related expenses incurred in the

period in which the associated activities occur.

Although Park and Park National Bank are committed to full compliance with the DOJ Consent Order, achieving such compliance will require significant management attention from Park and may cause Park to incur unanticipated costs and expenses. Actions taken to achieve compliance with the DOJ Consent Order may affect Park’s financial performance and may require us to reallocate resources away from existing businesses or to undertake significant changes to our businesses, operations, products and services, and risk management practices. In addition, Park and Park National Bank could be subject to other enforcement actions relating to the alleged violations resolved by the DOJ Consent Order.

Item 2.       Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

(a)Not applicable

(b)Not applicable

(c)The following table provides information concerning purchases of Park’s common shares ("Common Shares") made by or on behalf of Park or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Exchange Act, during the three months ended September 30, 2023, as well as the maximum number of Common Shares that may be purchased under Park’s previously announced stock repurchase authorizations to fund the 2017 Long-Term Incentive Plan for Employees (the "2017 Employees LTIP") and the 2017 Long-Term Incentive Plan for Non-Employee Directors (the "2017 Non-Employee Directors LTIP") and Park's previously announced 2017 and 2019 stock repurchase authorizations:

Period	Total number of Common Shares purchased	Average price paid per Common Share		Total number of Common Shares purchased as part of publicly announced plans or programs	Maximum number of Common Shares that may yet be purchased under the plans or programs (1)
July 1 through July 31, 2023	—	$	—	—	1,046,088
August 1 through August 31, 2023	38,678	103.58		38,678	1,007,410
September 1 through September 30, 2023	11,322	101.67		11,322	996,088
Total	50,000	$	103.14	50,000	996,088

(1)The number shown represents, as of the end of each period, the maximum number of Common Shares that may yet be purchased as part of Park’s publicly announced stock repurchase authorizations to fund the 2017 Employees LTIP and the 2017 Non-Employee Directors LTIP, both of which became effective on April 24, 2017; Park's publicly announced stock repurchase authorization covering 500,000 Common Shares which was announced on January 23, 2017; and Park's stock repurchase authorization covering 500,000 Common Shares which was announced on January 28, 2019 and as to which approval from the Federal Reserve was obtained in the form of correspondence from the Federal Reserve Bank of Cleveland dated April 19, 2019.

    At the 2017 Annual Meeting of Shareholders held on April 24, 2017, Park's shareholders approved the 2017 Employees LTIP and the 2017 Non-Employee Directors LTIP. The Common Shares to be issued and delivered under the 2017 Employees LTIP and the 2017 Non-Employee Directors LTIP may consist of either Common Shares currently held or Common Shares subsequently acquired by Park as treasury shares. No newly-issued Common Shares will be delivered under the 2017 Employees LTIP or the 2017 Non-Employee Directors LTIP. On April 24, 2017, Park's Board of Directors authorized the purchase, from time to time, of up to 750,000 Park Common Shares and 150,000 Park Common Shares, respectively, to be held as treasury shares for subsequent issuance and delivery under the 2017 Employees LTIP and the 2017 Non-Employee Directors LTIP.

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    On January 23, 2017, Park announced that on that same day, the Park Board of Directors authorized Park to purchase, from time to time, up to an aggregate of 500,000 Park Common Shares. On January 28, 2019, Park announced that on that same day, the Park Board of Directors authorized Park to repurchase, from time to time following receipt of any required approval from the Federal Reserve, up to 500,000 Park Common Shares in addition to the 500,000 Park Common Shares which had been authorized for repurchase by the Park Board of Directors on January 23, 2017 and remained available for repurchase as of January 28, 2019. The required approval was received by Park in the form of correspondence from the Federal Reserve Bank of Cleveland dated April 19, 2019.

    Purchases may be made through NYSE American, in the over-the-counter market or in privately negotiated transactions, in each case in compliance with the Ohio General Corporation Law, applicable federal and state securities laws, the rules applicable to issuers having securities listed on NYSE American, regulations promulgated by the Federal Reserve Board and all other applicable laws and regulations, each as in effect at the time of each such purchase. Purchases will be made upon such terms and conditions and at such times and in such amounts as any one or more of the authorized officers of Park deem to be appropriate, subject to market conditions, regulatory requirements, any contractual obligations of Park and Park's subsidiaries and other factors, and in the best interest of Park and Park's shareholders. The January 23, 2017 stock repurchase authorization and the January 28, 2019 stock repurchase authorization are distinct from the stock repurchase authorizations to fund the 2017 Employees LTIP and the 2017 Non-Employee Directors LTIP.

Item 3.      Defaults Upon Senior Securities

(a), (b) Not applicable.

Item 4.      Mine Safety Disclosures

Not applicable.

Item 5.      Other Information

(a)Not applicable

(b)As previously reported in "Item 5.03 - Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year" of the Current Report on Form 8-K filed by Park with the SEC on October 27, 2023, on October 23, 2023, the Park Board of Directors adopted and approved the amendment of Section 2.03 of Park's Regulations which addresses the requirements to be satisfied by a shareholder who wishes to nominate candidates for election as directors at an annual meeting of shareholders or at any special meeting of shareholders called for the purpose of electing directors.

The amendment to Section 2.03 of Park's Regulations:

•revise and enhance the procedures and disclosure requirements set forth in the advance notice provisions for director nominations made by shareholders, including (i) requiring specified information, representations, disclosures, and supplements regarding nominating shareholders, proposed nominees, and other persons related to, and acting in concert with, a shareholder and the shareholder’s solicitation of proxies; (ii) requiring a nominating shareholder to continue holding Park's common shares on the record date and at the time of the meeting of shareholders, in addition to at the time of giving notice of the nomination; (iii) clarifying that shareholders are not entitled to make additional or substitute nominations after the submission deadline and may only nominate a number of candidates to the Park Board of Directors that does not exceed the number of directors to be elected at such meeting; (iv) clarifying the authority of the Secretary of Park, the Park Board of Directors, or any committee of the Park Board of Directors to request additional information or written verification to demonstrate the accuracy of previously-provided information with respect to nominating shareholders and proposed nominees; (v) clarifying that a shareholder’s notice must include explicit cross-references (where relevant) and requiring that responses be explicitly set forth in the notice and not incorporated by reference; (vi) clarifying that a shareholder’s notice must provide all information required by Park's Regulations; and (vii) clarifying that a nomination may not be brought before a meeting of the shareholders if the notice contains untrue, incorrect, or incomplete information, or is not updated as relevant, and requiring a representation that information is true, accurate, and complete;

•provide that a shareholder's notice with respect to the proposed nomination of a director at an annual meeting of shareholders must be delivered to or mailed and received at the principal executive offices of Park not less than 60 days nor more than 90 days prior to the anniversary date of the previous year's annual meeting of

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shareholders provided, however, that if the date of the annual meeting of shareholders is held on a date more than 30 days before or more than 60 days after such anniversary date, to be timely notice must be delivered, or mailed and received, not earlier than the 90th day prior to such annual meeting of shareholders and not later than the 60th day prior to such annual meeting of shareholders;

•require that the information provided include the disclosure of all synthetic equity positions and short interests held by the nominating shareholder and such shareholder's affiliates and associates as well as by any proposed nominee; and

•address matters relating to Rule 14a-19 (the "Universal Proxy Rule") under the Exchange Act including (i) requiring that any shareholder submitting a nomination notice make a representation as to whether such shareholder intends to solicit proxies in support of director nominees other than Park's nominees in accordance with the Universal Proxy Rule, and if so, agree in writing that such shareholder will comply with the requirements of the Universal Proxy Rule; (ii) providing Park a remedy if a shareholder fails to satisfy the Universal Proxy Rule requirements; (iii) requiring that a shareholder inform Park if such shareholder no longer plans to solicit proxies in accordance with the Universal Proxy Rule; and (iv) requiring shareholders intending to use the Universal Proxy Rule to provide reasonable evidence of the satisfaction of the requirements under the Universal Proxy Rule at least five business days before the applicable meeting of shareholders upon request by Park;

The foregoing description of amended Section 2.03 of Park's Regulations does not purport to be complete and is qualified in its entirety by reference to the full text of Section 2.03 of Park's Regulations, which is included in Exhibit 3.1(a) and Exhibit 3.1(b) to Park's Current Report on Form 8-K filed with the SEC on October 27, 2023 and incorporated by reference into Exhibit 3.2(g) and Exhibit 3.2(h), respectively, to this Quarterly Report on Form 10-Q.

(c)During the three months (the quarterly period) ended September 30, 2023, no director and no officer of Park (as defined in Rule 16a-1(f) under the Exchange Act) of Park adopted, modified, or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of SEC Regulation S-K.

Item 6.      Exhibits

 

3.1(a)	Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on March 24, 1992 (Incorporated herein by reference to Exhibit 3(a) to Park National Corporation’s Form 8-B, filed on May 20, 1992 (File No. 0-18772) (“Park’s Form 8-B”)) P
3.1(b)	Certificate of Amendment to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on May 6, 1993 (Incorporated herein by reference to Exhibit 3(b) to Park National Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 1993 (File No. 0-18772)) P
3.1(c)	Certificate of Amendment to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on April 16, 1996 (Incorporated herein by reference to Exhibit 3(a) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 1996 (File No. 1-13006))
3.1(d)	Certificate of Amendment by Shareholders to the Articles of Incorporation of Park National Corporation as filed with the Ohio Secretary of State on April 22, 1997 (Incorporated herein by reference to Exhibit 3(a)(1) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 1997 (File No. 1-13006) (“Park’s June 30, 1997 Form 10-Q”))
3.1(e)	Certificate of Amendment by Shareholders as filed with the Ohio Secretary of State on December 18, 2008 in order to evidence the adoption by the shareholders of Park National Corporation on December 18, 2008 of an amendment to Article FOURTH of Park National Corporation’s Articles of Incorporation to authorize Park National Corporation to issue up to 200,000 preferred shares, without par value (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed December 19, 2008 (File No. 1-13006))

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3.1(f)	Certificate of Amendment by Directors to Articles as filed with the Ohio Secretary of State on December 19, 2008, evidencing the adoption of an amendment by the Board of Directors of Park National Corporation to Article FOURTH of Park National Corporation's Articles of Incorporation to establish the express terms of Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value, of Park National Corporation (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed December 23, 2008 (File No. 1-13006))
3.1(g)	Certificate of Amendment by Shareholders as filed with the Ohio Secretary of State on April 18, 2011 in order to evidence the adoption by Park National Corporation’s shareholders of an amendment to Article SIXTH of Park National Corporation’s Articles of Incorporation in order to provide that shareholders do not have preemptive rights (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed April 19, 2011 (File No. 1-13006))
3.1(h)	Certificate of Amendment as filed with the Ohio Secretary of State on April 26, 2022 in order to evidence the adoption by Park National Corporation's shareholders of an amendment to Park National Corporation's Articles of Incorporation to add a new Article NINTH to eliminate cumulative voting rights in the election of directors (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation's Current Report on Form 8-K dated and filed April 27, 2022 (File No. 1-13006) ("Park's April 27, 2022 Form 8-K"))
3.1(i)	Articles of Incorporation of Park National Corporation [This document represents the Articles of Incorporation of Park National Corporation in compiled form incorporating all amendments. This compiled document has not been filed with the Ohio Secretary of State.] (Incorporated herein by reference to Exhibit 3.1(i) to Park National Corporation's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 (File No. 1-13006))
3.2(a)	Regulations of Park National Corporation (Incorporated herein by reference to Exhibit 3(b) to Park’s Form 8-B) P
3.2(b)	Certified Resolution regarding Adoption of Amendment to Subsection 2.02(A) of the Regulations of Park National Corporation by Shareholders on April 21, 1997 (Incorporated herein by reference to Exhibit 3(b)(1) to Park’s June 30, 1997 Form 10-Q)
3.2(c)	Certificate Regarding Adoption of Amendments to Sections 1.04 and 1.11 of Park National Corporation’s Regulations by the Shareholders on April 17, 2006 (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation’s Current Report on Form 8-K dated and filed April 18, 2006 (File No. 1-13006))
3.2(d)	Certificate Regarding Adoption by the Shareholders of Park National Corporation on April 21, 2008 of Amendment to Regulations to Add New Section 5.10 to Article Five (Incorporated herein by reference to Exhibit 3.2(d) to Park National Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 (File No. 1-13006))
3.2(e)	Certificate Regarding Adoption by the Shareholders of Park National Corporation on April 25, 2022 of Amendments to Section 1.10 and Section 2.04 of Park National Corporation's Regulations to eliminate the textual references to the right of Park National Corporation's shareholders to have cumulative voting apply in the election of directors (Incorporated herein by reference to Exhibit 3.2 to Park's April 27, 2022 Form-8-K)
3.2(f)	Certificate Regarding Adoption by the Shareholders of Park National Corporation on April 24, 2023 of an Amendment to Section 6.01of Park National Corporation's Regulations to grant the Board of Directors the power to make limited future amendments to Park National Corporation's Regulations to the extent permitted by the Ohio General Corporation Law (Incorporated herein by reference to Exhibit 3.1 to Park National Corporation's Current Report on Form 8-K dated and filed April 25, 2023 (File No. 1-13006))

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3.2 (g)	Certificate Regarding Adoption and Approval by the Board of Directors of Park National Corporation on October 23, 2023 of Amendments to Section 1.08 and Section 2.03 of Park National Corporation's Regulations (Incorporated herein by reference to Exhibit 3.1(a) to Park National Corporation's Current Report on Form 8-K dated and filed October 27, 2023 (File No. 1-13006))
3.2(h)	Regulations of Park National Corporation [This document represents the Regulations of Park National Corporation in compiled form incorporating all amendments, including the amendments adopted and approved by the Board of Directors of Park National Corporation on October 23, 2023] (Incorporated herein by reference to Exhibit 3.1(b) to Park National Corporation's Current Report on Form 8-K dated and filed October 27, 2023 (File No. 1-13006))
31.1	Rule 13a – 14(a) / 15d – 14(a) Certifications (Principal Executive Officer) (Filed herewith)
31.2	Rule 13a – 14(a) / 15d – 14(a) Certifications (Principal Financial Officer) (Filed herewith)
32.1	Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (Principal Executive Officer) (Filed herewith)
32.2	Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (Principal Financial Officer) (Filed herewith)
101	The following information from Park National Corporation's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 formatted in Inline XBRL (eXtensible Business Reporting Language) pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Condensed Balance Sheets as of September 30, 2023 and December 31, 2022 (unaudited); (ii) the Consolidated Condensed Statements of Income for the three months and the nine months ended September 30, 2023 and 2022 (unaudited); (iii) the Consolidated Condensed Statements of Comprehensive Income (Loss) for the three months and the nine months ended September 30, 2023 and 2022 (unaudited); (iv) the Consolidated Condensed Statements of Changes in Shareholders’ Equity for the three months and the nine months ended September 30, 2023 and 2022 (unaudited); (v) the Consolidated Condensed Statements of Cash Flows for the nine months ended September 30, 2023 and 2022 (unaudited); and (vi) the Notes to Unaudited Consolidated Condensed Financial Statements (electronically submitted herewith). *
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document with applicable taxonomy extension information contained in Exhibit 101)

______________________________________

* The instance document does not appear in the interactive data file because its XBRL tags are imbedded within the Inline XBRL document.

P Park National Corporation filed this exhibit with the SEC in paper form originally and this exhibit has not been filed with the SEC in electronic format.

111

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

	PARK NATIONAL CORPORATION
November 1, 2023	/s/ David L. Trautman
	David L. Trautman
	Chairman of the Board and Chief Executive Officer
	(Principal Executive Officer and Duly Authorized Officer)
November 1, 2023	/s/ Brady T. Burt
	Brady T. Burt
	Chief Financial Officer, Secretary and Treasurer
	(Principal Financial Officer and Duly Authorized Officer)

112

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, David L. Trautman, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, of Park National Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

November 1, 2023	/s/ David L. Trautman
	David L. Trautman
	Chairman of the Board and Chief Executive Officer
	(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Brady T. Burt, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, of Park National Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

November 1, 2023	/s/ Brady T. Burt
	Brady T. Burt
	Chief Financial Officer, Secretary and Treasurer
	(Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATIONS PURSUANT TO SECTION 1350 OF

CHAPTER 63 OF TITLE 18 OF THE UNITED STATES CODE*

In connection with the Quarterly Report of Park National Corporation (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David L. Trautman, Chairman of the Board and Chief Executive Officer of the Company, certify, pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)The information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of the Company and its subsidiaries.

/s/ David L. Trautman

David L. Trautman

Chairman of the Board and Chief Executive Officer

(Principal Executive Officer)

November 1, 2023

*These certifications are being furnished as required by Rule 13a-14(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 1350 of Chapter 63 of Title 18 of the United States Code, and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section.

These certifications shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates these certifications by reference.

EX-32.2

Exhibit 32.2

CERTIFICATIONS PURSUANT TO SECTION 1350 OF

CHAPTER 63 OF TITLE 18 OF THE UNITED STATES CODE*

In connection with the Quarterly Report of Park National Corporation (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brady T. Burt, Chief Financial Officer, Secretary and Treasurer, certify, pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)The information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of the Company and its subsidiaries.

/s/ Brady T. Burt

Brady T. Burt

Chief Financial Officer, Secretary and Treasurer

(Principal Financial Officer)

November 1, 2023

*These certifications are being furnished as required by Rule 13a-14(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 1350 of Chapter 63 of Title 18 of the United States Code, and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section.

These certifications shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates these certifications by reference.

XML

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	1-13006
Entity Registrant Name	PARK NATIONAL CORPORATION
Entity Address, State or Province	OH
Entity Tax Identification Number	31-1179518
Entity Address, Address Line One	50 North Third Street,
Entity Address, Address Line Two	P.O. Box 3500
Entity Address, City or Town	Newark,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43058-3500
City Area Code	(740)
Local Phone Number	349-8451
Title of 12(b) Security	Common shares, without par value
Trading Symbol	PRK
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,116,479
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000805676
Current Fiscal Year End Date	--12-31

XML

Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Cash and due from banks	$ 140,252	$ 156,750
Money market instruments	83,366	32,978
Cash and cash equivalents	223,618	189,728
Marketable Securities [Abstract]
Debt Securities, Available-for-sale, Current	1,609,156	1,733,696
Other Investments and Securities, at Cost	99,671	87,091
Total investment securities	1,708,827	1,820,787
Loan balance	7,349,745	7,141,891
Financing Receivable, Allowance for Credit Loss	(84,602)	(85,379)
Net loans	7,265,143	7,056,512
Bank owned life insurance	225,142	220,072
Prepaid assets	158,124	153,579
Goodwill	159,595	159,595
Other intangible assets	4,986	5,975
Premises and equipment, net	77,331	82,126
Affordable housing tax credit investments	64,676	60,968
Other real estate owned	1,354	1,354
Interest Receivable	39,101	34,704
Operating Lease, Right-of-Use Asset	16,349	17,600
Servicing Asset	14,960	15,792
Other	41,708	36,201
Total assets	10,000,914	9,854,993
Liabilities and Shareholders' Equity:
Noninterest bearing	2,732,504	3,074,276
Interest bearing	5,512,220	5,160,439
Total deposits	8,244,724	8,234,715
Short-term borrowings	352,786	227,342
Subordinated debentures and notes	189,025	188,667
Unfunded commitments in affordable housing tax credit investments	31,553	28,132
Operating Lease, Liability	17,426	19,291
Off-Balance Sheet, Credit Loss, Liability	5,201	5,214
Accrued interest payable	3,277	3,486
Other	71,358	78,920
Total liabilities	8,915,350	8,785,767
Shareholders' equity:
Preferred shares (No par value; 200,000 shares authorized; No shares issued)	0	0
Common shares (No par value; 20,000,000 shares authorized; 17,623,104 common shares issued at September 30, 2023 and at December 31, 2022)	461,849	462,404
Retained earnings	896,627	847,235
Treasury shares (1,519,679 common shares at September 30, 2023 and 1,359,521 common shares at December 31, 2022)	(157,022)	(138,019)
Accumulated other comprehensive loss, net of taxes	(115,890)	(102,394)
Total shareholders' equity	1,085,564	1,069,226
Total liabilities and shareholders' equity	$ 10,000,914	$ 9,854,993

XML

Consolidated Condensed Statements Of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest and dividend income:
Interest and fees on loans	$ 103,258,000	$ 83,522,000	$ 291,300,000	$ 233,725,000
Interest and dividends on:
Obligations of U.S. Government, its agencies and other securities	13,321,000	10,319,000	39,731,000	24,073,000
Interest Income, Securities, State and Municipal	2,900,000	2,923,000	8,718,000	8,046,000
Other interest income	1,410,000	3,180,000	6,715,000	3,593,000
Total interest and dividend income	120,889,000	99,944,000	346,464,000	269,437,000
Interest on deposits:
Demand and savings deposits	20,029,000	5,757,000	52,309,000	7,441,000
Time deposits	3,097,000	825,000	6,410,000	2,253,000
Interest on borrowings:
Short-term borrowings	1,136,000	306,000	2,688,000	740,000
Long-term debt	2,358,000	2,228,000	7,018,000	6,550,000
Total interest expense	26,620,000	9,116,000	68,425,000	16,984,000
Net interest income	94,269,000	90,828,000	278,039,000	252,453,000
Provision for credit losses	(1,580,000)	3,190,000	1,095,000	1,576,000
Net interest income after provision for credit losses	95,849,000	87,638,000	276,944,000	250,877,000
Noninterest Income [Abstract]
Debit card fee income	6,652,000	6,514,000	19,939,000	19,371,000
Bank owned life insurance income	1,448,000	1,185,000	3,965,000	4,734,000
ATM Fees	575,000	610,000	1,661,000	1,725,000
Gains (Losses) on Sales of Other Real Estate	(6,000)	5,607,000	(3,000)	5,611,000
Real Estate Owned, Valuation Allowance, Valuation Increase	0	12,009,000	15,000	12,039,000
Gain on equity securities, net	998,000	58,000	618,000	3,120,000
Other components of net periodic benefit income	1,893,000	3,027,000	5,679,000	9,081,000
Other	2,329,000	3,653,000	4,368,000	7,779,000
Total other income	27,713,000	46,694,000	77,115,000	109,543,000
Other expense:
Salaries and employee benefits	34,525,000	37,889,000	103,045,000	99,462,000
Employee Benefits and Share-based Compensation	10,822,000	9,897,000	32,176,000	30,595,000
Occupancy expense	3,203,000	3,455,000	9,770,000	9,709,000
Furniture and equipment expense	3,060,000	2,912,000	9,409,000	8,783,000
Data processing fees	9,700,000	8,170,000	28,032,000	24,090,000
Professional fees and services	7,572,000	8,359,000	22,158,000	20,992,000
Marketing	1,197,000	1,595,000	3,755,000	3,931,000
Insurance	2,158,000	1,237,000	5,932,000	3,887,000
Communication	1,135,000	1,098,000	3,217,000	2,923,000
Excise and Sales Taxes	1,125,000	1,186,000	3,499,000	3,545,000
Amortization of Intangible Assets	334,000	341,000	989,000	1,146,000
Foundation contribution expense	0	4,000,000	0	4,000,000
Other expense	2,977,000	2,764,000	8,214,000	7,261,000
Total other expense	77,808,000	82,903,000	230,196,000	220,324,000
Income before income taxes	45,754,000	51,429,000	123,863,000	140,096,000
Income taxes	8,837,000	9,361,000	21,629,000	24,829,000
Net income	$ 36,917,000	$ 42,068,000	$ 102,234,000	$ 115,267,000
Net income available to common shareholders
Basic	$ 2.29	$ 2.59	$ 6.32	$ 7.10
Diluted	$ 2.28	$ 2.57	$ 6.29	$ 7.05
Weighted average common shares outstanding
Basic	16,133,310	16,253,704	16,180,261	16,240,966
Diluted	16,217,880	16,374,982	16,261,109	16,355,790
Quarterly Dividend
Weighted average common shares outstanding
Cash dividends declared	$ 1.05	$ 1.04	$ 3.15	$ 3.12
Fiduciary and Trust [Member]
Noninterest Income [Abstract]
Revenue from Contract with Customer, Including Assessed Tax	$ 9,100,000	$ 8,216,000	$ 26,531,000	$ 25,872,000
Deposit Account [Member]
Noninterest Income [Abstract]
Revenue from Contract with Customer, Including Assessed Tax	2,109,000	2,859,000	6,391,000	7,496,000
Bank Servicing [Member]
Noninterest Income [Abstract]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,615,000	$ 2,956,000	$ 7,951,000	$ 12,715,000

XML

Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Income	$ 36,917	$ 42,068	$ 102,234	$ 115,267
Other comprehensive income, net of tax:
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	(19,104)	(39,939)	(13,496)	(140,704)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	0	0	0	52
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	0	0	0	154
Other comprehensive income (loss)	(19,104)	(39,939)	(13,496)	(140,498)
Comprehensive income	17,813	2,129	$ 88,738	$ (25,231)
Accumulated Other Comprehensive Income (loss) [Member]
Other comprehensive income, net of tax:
Other comprehensive income (loss)	$ (19,104)	$ (39,939)

XML

Consolidated Condensed Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax	$ (5,078)	$ (10,617)	$ (3,588)	$ (37,403)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax				14
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax				$ 41

XML

Consolidated Condensed Statements Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Preferred Stock [Member] Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock [Member]	Common Stock [Member] Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (loss) [Member]	Accumulated Other Comprehensive Income (loss) [Member] Cumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock, Common	Treasury Stock, Common Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment
Balance at Dec. 31, 2021		$ 0		$ 461,800		$ 776,294		$ 15,155		$ (142,490)
Net Income						38,875
Other comprehensive income (loss)								(55,624)
Dividends on common shares						(17,172)
Cash payment for fractional shares in dividend reinvestment plan				(2)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures				4,508		964				3,021
Share-based Payment Arrangement, Expense				1,981
Balance at Mar. 31, 2022		0		459,271		797,033		(40,469)		(139,469)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.04
Stock Issued During Period, Shares, Restricted Stock Award, Gross	29,757
Stock issued during period, shares, withheld for tax, tax restricted stock	18,658
Balance at Dec. 31, 2021		0		461,800		776,294		15,155		(142,490)
Net Income	$ 115,267
Other comprehensive income (loss)	(140,498)
Share-based Payment Arrangement, Expense	$ 4,800
Balance at Sep. 30, 2022		0		461,321		839,207		(125,343)		(139,013)
Stock issued during period, shares, withheld for tax, tax restricted stock	21,217
Balance at Mar. 31, 2022		0		459,271		797,033		(40,469)		(139,469)
Net Income						34,324
Other comprehensive income (loss)								(44,935)
Dividends on common shares						(17,116)
Share-based Payment Arrangement, Expense				1,374
Balance at Jun. 30, 2022		0		460,645		814,241		(85,404)		(139,469)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.04
Net Income	$ 42,068					42,068
Other comprehensive income (loss)	(39,939)							(39,939)
Dividends on common shares						(17,101)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures				765		1				456
Share-based Payment Arrangement, Expense	$ 1,400			1,441
Balance at Sep. 30, 2022		0		461,321		839,207		(125,343)		(139,013)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.04
Stock Issued During Period, Shares, Restricted Stock Award, Gross	4,490
Stock issued during period, shares, withheld for tax, tax restricted stock	2,559
Balance at Dec. 31, 2022	$ 1,069,226	0	$ 0	462,404	$ 462,404	847,235	$ 846,932	(102,394)	$ (102,394)	(138,019)	$ (138,019)	$ (303)
Net Income						33,733
Other comprehensive income (loss)								12,361
Dividends on common shares						(17,285)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures				5,309		862				3,564
Share-based Payment Arrangement, Expense				2,336
Balance at Mar. 31, 2023		0		459,431		862,518		(90,033)		(149,763)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.05
Stock Issued During Period, Shares, Restricted Stock Award, Gross	34,484
Stock issued during period, shares, withheld for tax, tax restricted stock	21,981
Stock Repurchased During Period, Shares	124,000
Stock Repurchased During Period, Value	$ (15,308)
Balance at Dec. 31, 2022	1,069,226	0	$ 0	462,404	$ 462,404	847,235	$ 846,932	(102,394)	$ (102,394)	(138,019)	$ (138,019)	$ (303)
Net Income	102,234
Other comprehensive income (loss)	(13,496)
Share-based Payment Arrangement, Expense	5,400
Balance at Sep. 30, 2023	$ 1,085,564	0		461,849		896,627		(115,890)		(157,022)
Stock issued during period, shares, withheld for tax, tax restricted stock	23,973
Balance at Mar. 31, 2023		0		459,431		862,518		(90,033)		(149,763)
Net Income						31,584
Other comprehensive income (loss)								(6,753)
Dividends on common shares						(17,187)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures				602		85				450
Share-based Payment Arrangement, Expense				1,749
Balance at Jun. 30, 2023		0		460,578		876,830		(96,786)		(151,865)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.05
Stock Issued During Period, Shares, Restricted Stock Award, Gross	4,358
Stock issued during period, shares, withheld for tax, tax restricted stock	1,992
Stock Repurchased During Period, Shares	25,000
Stock Repurchased During Period, Value	$ (2,552)
Net Income	36,917					36,917
Other comprehensive income (loss)	(19,104)							(19,104)
Dividends on common shares						(17,120)
Share-based Payment Arrangement, Expense	1,300			1,271
Balance at Sep. 30, 2023	$ 1,085,564	$ 0		$ 461,849		$ 896,627		$ (115,890)		$ (157,022)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.05
Stock issued during period, shares, withheld for tax, tax restricted stock	0
Stock Repurchased During Period, Shares	50,000
Stock Repurchased During Period, Value	$ (5,157)

XML

Consolidated Condensed Statements Of Changes In Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 1.05	$ 1.05	$ 1.05	$ 1.04	$ 1.04	$ 1.04
Stock Issued During Period, Shares, Restricted Stock Award, Gross		4,358	34,484	4,490		29,757
Stock issued during period, shares, withheld for tax, tax restricted stock	0	1,992	21,981	2,559		18,658	23,973	21,217

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Consolidated Condensed Statements Of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 102,234,000	$ 115,267,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,095,000	1,576,000
Amortization of Deferred Loan Origination Fees, Net	(6,621,000)	(9,869,000)
Depreciation	10,635,000	10,341,000
Amortization of investment securities, net	3,156,000	2,596,000
Depreciation, Amortization and Accretion, Net	451,000	(402,000)
Gain on equity securities, net	(618,000)	(3,120,000)
Loan originations to be sold in secondary market	(53,432,000)	(157,868,000)
Proceeds from sale of loans in secondary market	53,711,000	169,212,000
Gain on sale of loans in secondary market	0	(495,000)
Share-based compensation expense	5,356,000	4,796,000
Gains (Losses) on Sales of Other Real Estate	3,000	(5,611,000)
Real Estate Owned, Valuation Allowance, Valuation Increase	(15,000)	(12,039,000)
Bank owned life insurance income	(3,965,000)	(4,734,000)
Investment in qualified affordable housing tax credits amortization	6,292,000	5,940,000
Changes in assets and liabilities:
Increase in other assets	(7,000,000)	(2,302,000)
Decrease in other liabilities	(12,092,000)	(8,963,000)
Net cash provided by operating activities	96,855,000	89,613,000
Investing activities:
Proceeds from Sale of Federal Home Loan Bank Stock	4,605,000	2,216,000
Proceeds from Sale, Maturity and Collection of Investments [Abstract]
Available-for-sale securities	108,281,000	148,192,000
Payments to Acquire Investments [Abstract]
Payments to Acquire Debt Securities, Available-for-sale	(3,981,000)	(316,878,000)
Equity securities	(2,195,000)	(9,165,000)
Payments to Acquire Federal Home Loan Bank Stock	(13,636,000)	0
Net loan originations, portfolio loans	(203,298,000)	(234,239,000)
Proceeds from Sale of Other Assets, Investing Activities	0	4,345,000
Payments for Affordable Housing Programs	(6,579,000)	(10,004,000)
Proceeds from the sale of OREO	965,000	17,684,000
Bank owned life insurance death benefits	1,658,000	8,380,000
Payment to Acquire Life Insurance Policy, Investing Activities	(2,500,000)	(7,500,000)
Purchases of premises and equipment	(5,858,000)	(6,576,000)
Net cash used in investing activities	(120,529,000)	(403,153,000)
Financing activities:
Net (decrease) increase in deposits	(185,164,000)	188,536,000
Increase (Decrease) in Other Deposits	195,173,000	216,869,000
Net increase (decrease) in short-term borrowings	125,444,000	(49,293,000)
Payment, Tax Withholding, Share-based Payment Arrangement	(2,844,000)	(2,761,000)
Payments for Repurchase of Common Stock	(23,017,000)	0
Cash dividends paid	(52,028,000)	(51,558,000)
Net cash provided by financing activities	57,564,000	301,793,000
Increase in cash and cash equivalents	33,890,000	(11,747,000)
Cash and cash equivalents at beginning of year	189,728,000	219,180,000
Cash and cash equivalents at end of period	223,618,000	207,433,000
Supplemental disclosures of cash flow information:
Cash paid for interest	68,634,000	18,805,000
Income Taxes Paid	12,200,000	16,070,000
Non cash activities:
Real Estate Owned, Transfer to Real Estate Owned	1,051,000	13,418,000
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	499,000	4,270,000
Affordable Housing Program Obligation, Period Increase (Decrease)	10,000,000	10,000,000
Equity
Non cash activities:
Transfer to Investments	2,745,000	15,000,000
Other Investments
Payments to Acquire Investments [Abstract]
Payments to Acquire Other Investments	(2,009,000)	(392,000)
Consumer Portfolio Segment [Member]
Changes in assets and liabilities:
Increase in prepaid dealer premiums	(1,339,000)	(10,827,000)
Mortgage Loans on Real Estate [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of loans in secondary market	$ (996,000)	$ (3,885,000)

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Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023

Statement of Comprehensive Income [Abstract]

Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

Other comprehensive loss components, net of tax, are shown in the following table for the three-month and the nine-month periods ended September 30, 2023 and 2022:

(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding (loss) gain on cash flow hedge		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at July 1, 2023		$	(6,680)	$	—	$	(90,106)	$	(96,786)
	Other comprehensive loss before reclassifications	—		—		(19,104)		(19,104)
Net current period other comprehensive loss		—		—		(19,104)		(19,104)
Ending balance at September 30, 2023		$	(6,680)	$	—	$	(109,210)	$	(115,890)
Beginning balance at July 1, 2022		$	(5,792)	$	—	$	(79,612)	$	(85,404)
	Other comprehensive loss before reclassifications	—		—		(39,939)		(39,939)
Net current period other comprehensive loss		—		—		(39,939)		(39,939)
Ending balance at September 30, 2022		$	(5,792)	$	—	$	(119,551)	$	(125,343)

(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding (loss) gain on cash flow hedge		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at January 1, 2023		$	(6,680)	$	—	$	(95,714)	$	(102,394)
	Other comprehensive loss before reclassifications	—		—		(13,496)		(13,496)
Net current period other comprehensive loss		—		—		(13,496)		(13,496)
Ending balance at September 30, 2023		$	(6,680)	$	—	$	(109,210)	$	(115,890)
Beginning balance at January 1, 2022		$	(5,792)	$	(206)	$	21,153	$	15,155
	Other comprehensive income (loss) before reclassifications	—		154		(140,704)		(140,550)
	Amounts reclassified from other comprehensive loss	—		52		—		52
Net current period other comprehensive income (loss)		—		206		(140,704)		(140,498)
Ending balance at September 30, 2022		$	(5,792)	$	—	$	(119,551)	$	(125,343)

During the three-month and the nine-month periods ended September 30, 2023, there were no reclassifications out of accumulated other comprehensive loss. During the three-month period ended September 30, 2022, there were no reclassifications out of accumulated other comprehensive loss. During the nine-month period ended September 30, 2022, there was $66,000 ($52,000 net of tax) reclassified out of accumulated other comprehensive loss due to a net loss on the early termination of a borrowing interest rate swap. This loss was recorded within "Miscellaneous" other expense on the Consolidated Condensed Statements of Income.

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OCI Net of Tax

9 Months Ended

Sep. 30, 2023

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) [Table Text Block]

Other comprehensive loss components, net of tax, are shown in the following table for the three-month and the nine-month periods ended September 30, 2023 and 2022:

(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding (loss) gain on cash flow hedge		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at July 1, 2023		$	(6,680)	$	—	$	(90,106)	$	(96,786)
	Other comprehensive loss before reclassifications	—		—		(19,104)		(19,104)
Net current period other comprehensive loss		—		—		(19,104)		(19,104)
Ending balance at September 30, 2023		$	(6,680)	$	—	$	(109,210)	$	(115,890)
Beginning balance at July 1, 2022		$	(5,792)	$	—	$	(79,612)	$	(85,404)
	Other comprehensive loss before reclassifications	—		—		(39,939)		(39,939)
Net current period other comprehensive loss		—		—		(39,939)		(39,939)
Ending balance at September 30, 2022		$	(5,792)	$	—	$	(119,551)	$	(125,343)

(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding (loss) gain on cash flow hedge		Unrealized (losses) gains on debt securities AFS		Total
Beginning balance at January 1, 2023		$	(6,680)	$	—	$	(95,714)	$	(102,394)
	Other comprehensive loss before reclassifications	—		—		(13,496)		(13,496)
Net current period other comprehensive loss		—		—		(13,496)		(13,496)
Ending balance at September 30, 2023		$	(6,680)	$	—	$	(109,210)	$	(115,890)
Beginning balance at January 1, 2022		$	(5,792)	$	(206)	$	21,153	$	15,155
	Other comprehensive income (loss) before reclassifications	—		154		(140,704)		(140,550)
	Amounts reclassified from other comprehensive loss	—		52		—		52
Net current period other comprehensive income (loss)		—		206		(140,704)		(140,498)
Ending balance at September 30, 2022		$	(5,792)	$	—	$	(119,551)	$	(125,343)

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Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale, Allowance for Credit Loss	$ 0	$ 0
Debt Securities, Available-for-sale, Amortized Cost	$ 1,747,396	$ 1,854,852
Preferred Stock, Shares Authorized	200,000	200,000
Preferred Stock, Shares Issued	0	0
Common Stock, Shares Authorized	20,000,000
Common Stock, Shares, Issued	17,623,104	17,623,104
Treasury Stock, Common, Shares	1,519,679	1,359,521

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Basis Of Presentation

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis Of Presentation

Basis of Presentation

The accompanying unaudited consolidated condensed financial statements included in this report have been prepared for Park National Corporation (sometimes also referred to as the “Registrant”) and its subsidiaries. Unless the context otherwise requires, references to "Park", the "Corporation" or the "Company" and similar terms mean Park National Corporation and its subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the results of operations for the interim periods included herein have been made. The results of operations for the three-month and the nine-month periods ended September 30, 2023 are not necessarily indicative of the operating results to be anticipated for the year ending December 31, 2023.

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with the instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all information and footnotes necessary for a fair presentation of the consolidated condensed balance sheets, consolidated condensed statements of income, consolidated condensed statements of comprehensive income (loss), consolidated condensed statements of changes in shareholders’ equity and consolidated condensed statements of cash flows in conformity with U.S. GAAP. These financial statements should be read in conjunction with the consolidated financial statements included in Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA in the Annual Report on Form 10-K of Park National Corporation for the fiscal year ended December 31, 2022 ("Park's 2022 Form 10-K"). Certain prior period amounts have been reclassified to conform to the current period presentation.

Park’s significant accounting policies are described in Note 1. Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in Park’s 2022 Form 10-K. For interim reporting purposes, Park follows the same basic accounting policies, as updated by the information contained in this report, and considers each interim period an integral part of an annual period.

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Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2023

Accounting Standards Update and Change in Accounting Principle [Abstract]

Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements and Issued But Not Yet Effective Accounting Standards

The following is a summary of new accounting pronouncements impacting Park's consolidated financial statements:

Adoption of New Accounting Pronouncements

ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures: In March 2022, FASB issued ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 eliminated the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when borrowers are experiencing financial difficulty. Additionally, the amendments in this ASU require that public business entities disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost.

Park adopted ASU 2022-02 using the modified retrospective transition method on January 1, 2023. Park recorded a $383,000 increase to the ACL, a $303,000 decrease to retained earnings and an $80,000 increase to deferred tax assets as of January 1, 2023 for the cumulative effect of adopting ASU 2022-02. Additionally, as a result of the adoption of this ASU and elimination of the concept of TDRs, total nonperforming loans decreased by $20.1 million effective January 1, 2023 and individually evaluated loans decreased by $11.5 million.

The adoption of ASU 2022-02 impacted disclosures in Note 5 - Loans and Note 6 - Allowance for Credit Losses.

Issued But Not Yet Effective Accounting Standards

SEC Cybersecurity Disclosures: In July 2023, the SEC voted to standardize disclosures about cybersecurity risk management, strategy, governance, and material cybersecurity incidents by public companies subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Current Report on Form 8-K has a new item, Item 1.05, and registrants will be required to disclose under this Item 1.05 any cybersecurity incident that is deemed to be material and describe the material aspects of the incident's nature, scope, and timing, as well as its material impact, or reasonably likely material impact on a registrant, including its financial condition and results of operations. The Form 8-K filing will generally be due four business days after a registrant determines that the cybersecurity incident is material.

Also, SEC Regulation S-K has a new item, Item 106, which will require registrants to describe, on an annual basis, the processes for assessing, identifying, and managing material risks from cybersecurity threats as well as the material effects, or reasonably likely material effects, of risk from cybersecurity threats and previous cybersecurity incidents. Item 106 will also require registrants to describe the board of directors' oversight of risks from cybersecurity threats and management's role and expertise in assessing and managing material risks from cybersecurity threats. These disclosures will be required in the annual report on Form 10-K. Compliance with the material incident disclosure requirements in Item 1.05 of Form 8-K is to begin on December 18, 2023 and the annual disclosures are to be provided beginning with annual reports for fiscal years ending on or after December 15, 2023.

Management intends to adopt the SEC cybersecurity rules effective December 18, 2023 and will include annual disclosures in the Annual Report on Form 10-K of Park National Corporation for the fiscal year ending December 31, 2023.

ASU 2023-06 - Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative: In October 2023, FASB issued ASU 2023-06 - Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative. ASU 2023-06 amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. ASU 2023-06 was issued in response to the SEC's August 2018 final rule that updated and simplified disclosure requirements. In the final rule, the SEC identified 27 disclosure requirements that were incremental to those in the ASC and referred them to the FASB for potential incorporation into US GAAP. To avoid duplication, the SEC intended to eliminate those disclosure requirements from existing SEC regulations if the FASB incorporated them into the relevant ASC subtopics. The disclosure requirements are currently included in either SEC Regulation S-X or SEC Regulation S-K. ASU 2023-06 adds 14 of the 27 identified disclosure or presentation requirements to the ASC.

For entities, like Park, that are subject to the SEC's existing disclosure requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The amendments are to be applied prospectively and if by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or S-K, the pending content of the related amendment will be removed from the ASC and will not become effective for any entity. Management intends to adopt the provisions of ASU 2023-06 on their respective effective dates. The adoption of the provisions of ASU 2023-06 is not expected to have a material impact on Park's consolidated financial statements.

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Investment Securities

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

Investment securities at September 30, 2023 and at December 31, 2022, were as follows:

Debt securities AFS (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Fair Value
September 30, 2023:
Obligations of U.S. Government sponsored entities	$	39,000	$	—	$	1,700	$	37,300
Obligations of states and political subdivisions	420,590		17		31,510		389,097
U.S. Government sponsored entities' asset-backed securities	735,317		—		95,035		640,282
Collateralized loan obligations	532,030		—		7,139		524,891
Corporate debt securities	20,459		—		2,873		17,586
Total	$	1,747,396	$	17	$	138,257	$	1,609,156

 

Debt securities AFS (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Fair Value
December 31, 2022:
Obligations of U.S. Government sponsored entities	$	39,000	$	—	$	1,787	$	37,213
Obligations of states and political subdivisions	423,285		1,620		18,194		406,711
U.S. Government sponsored entities' asset-backed securities	839,399		—		82,638		756,761
Collateralized loan obligations	535,518		—		18,979		516,539
Corporate debt securities	17,650		—		1,178		16,472
Total	$	1,854,852	$	1,620	$	122,776	$	1,733,696

Investment securities in an unrealized loss position at September 30, 2023, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Debt securities AFS:
Obligations of U.S. Government sponsored entities	$	—	$	—	$	37,300	$	1,700	$	37,300	$	1,700
Obligations of states and political subdivisions	277,975		8,626		93,969		22,884		371,944		31,510
U.S. Government sponsored entities' asset-backed securities	1,171		22		639,111		95,013		640,282		95,035
Collateralized loan obligations	—		—		524,891		7,139		524,891		7,139
Corporate debt securities	9,299		910		8,287		1,963		17,586		2,873
Total	$	288,445	$	9,558	$	1,303,558	$	128,699	$	1,592,003	$	138,257

 Investment securities in an unrealized loss position at December 31, 2022, were as follows:

 

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Debt securities AFS:
Obligations of U.S. Government sponsored entities	$	37,213	$	1,787	$	—	$	—	$	37,213	$	1,787
Obligations of states and political subdivisions	270,905		18,194		—		—		270,905		18,194
U.S. Government sponsored entities' asset-backed securities	446,423		27,507		310,338		55,131		756,761		82,638
Collateralized loan obligations	415,491		15,446		101,048		3,533		516,539		18,979
Corporate debt securities	7,388		862		1,684		316		9,072		1,178
Total	$	1,177,420	$	63,796	$	413,070	$	58,980	$	1,590,490	$	122,776

At September 30, 2023, Park’s debt securities portfolio consisted of $1.6 billion of securities, $1.6 billion of which were in an unrealized loss position with aggregate unrealized losses of $138.3 million. Of the $1.6 billion of securities in an unrealized loss position, $1.3 billion were in an unrealized loss position for 12 months or longer. Of the $138.3 million in unrealized losses, an aggregate of $96.7 million were related to Park's "Obligations of U.S. Government sponsored entities" portfolio and Park's "U.S. Government sponsored entities' asset-backed securities" portfolio. For non-agency debt securities, Park verified that the current credit ratings remain above investment grade. Quarterly, management reviews the credit profile of each non-agency debt security and assesses whether any impairment to the contractually obligated cash flow is likely to occur. Based on these reviews, management has concluded that the underlying creditworthiness for each security remains sufficient to maintain required payment obligations and, therefore, unrealized losses have not been recognized into net income. Management does not intend to sell, and it is not more likely than not that management would be required to sell, the securities prior to their anticipated recovery in respect of the unrealized losses. Management believes the value will recover as the securities approach maturity or market interest rates change.

There was no allowance for credit losses recorded for debt securities AFS at either September 30, 2023 or December 31, 2022. Additionally, for the three months and the nine months ended September 30, 2023 and 2022, there were no credit-related investment impairment losses recognized.

The amortized cost and estimated fair value of investments in debt securities AFS at September 30, 2023, are shown in the following table by contractual maturity, except for asset-backed securities and collateral loan obligations, which are shown as a single total due to the unpredictability of the timing of principal repayments. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

(In thousands)	Amortized cost		Fair value		Tax equivalent yield (1)
Debt Securities AFS
Obligations of U.S. Treasury and other U.S. Government sponsored entities
Due one through five years	$	39,000	$	37,300	2.37	%
Obligations of state and political subdivisions:
Due one through five years	$	2,262	$	2,231	2.97	%
Due five through ten years	276,900		269,945		3.69	%
Due over ten years	141,428		116,921		3.10	%
Total (1)	$	420,590	$	389,097	3.49	%
U.S. Government sponsored entities' asset-backed securities	$	735,317	$	640,282	1.89	%
Collateralized loan obligations	$	532,030	$	524,891	7.31	%
Corporate debt securities
Due one through five years	$	2,809	$	2,794	10.41	%
Due five through ten years	17,650		14,792		3.89	%
Total	$	20,459	$	17,586	4.79	%

(1) The tax equivalent yield for certain obligations of state and political subdivisions includes the effect of a taxable equivalent adjustment using a 21% federal corporate income tax rate.

There were no sales of debt securities AFS during the three-month or the nine-month periods ended September 30, 2023 or 2022.

Investment securities having a fair value of $606.2 million and $753.6 million at September 30, 2023 and December 31, 2022, respectively, were pledged to collateralize government and public fund deposits, to secure repurchase agreements sold and as collateral for FHLB advance borrowings.

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Other Investment Securities

9 Months Ended

Sep. 30, 2023

Other Investment Securities [Abstract]

Other Investment Securities,

Other Investment Securities

Other investment securities consist of restricted stock investments in the FHLB and the FRB, and equity securities. The restricted FHLB and FRB stock investments are carried at their redemption value. Equity securities with a readily determinable fair value are carried at fair value. Equity securities without a readily determinable fair value are recorded at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions ("modified cost"). Park's portfolio of equity investments in limited partnerships which provide mezzanine funding ("Partnership Investments") are valued using the NAV practical expedient in accordance with ASC 820.

The carrying amounts of other investment securities at September 30, 2023 and December 31, 2022 were as follows:

 

(In thousands)	September 30, 2023		December 31, 2022
FHLB stock	$	20,229	$	11,197
FRB stock	14,653		14,653
Equity investments carried at fair value	2,794		1,859
Equity investments carried at modified cost (1)	15,921		14,725
Equity investments carried at NAV	46,074		44,657
Total other investment securities	$	99,671	$	87,091

(1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. An upward adjustment of $871,000 was recorded during the nine months ended September 30, 2022 as a result of observable price changes. There were no adjustments recorded during the three months ended September 30, 2022. There were no adjustments recorded during the three months or the nine months ended September 30, 2023 as a result of observable price changes.

During the three months ended September 30, 2023, Park purchased 122,296 shares of FHLB stock with a book value of $12.2 million. During the nine months ended September 30, 2023, Park purchased 136,371 shares of FHLB stock with a book value of $13.6 million. During the three months ended September 30, 2023, the FHLB repurchased 10,002 shares of FHLB stock with a book value of $1.0 million. During the nine months ended September 30, 2023, the FHLB repurchased 46,054 shares of FHLB stock with a book value of $4.6 million. During the three months and the nine months ended September 30, 2022, the FHLB repurchased 22,160 shares of FHLB stock with a book value of $2.2 million. No shares of FRB stock were purchased or sold during the three months or the nine months ended September 30, 2023 or 2022.

During the three months ended September 30, 2023 and 2022, $74,000 and $(39,000), respectively, of gains (losses) on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2023 and 2022, $(65,000) and $488,000, respectively, of (losses) gains on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Condensed Statements of Income.

During the three months ended September 30, 2023 and 2022, $924,000 and $97,000, respectively, of gains on equity investments carried at NAV were recorded within “Gain on equity securities, net” on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2023 and 2022, $683,000 and $2.6 million, respectively, of gains on equity investments carried at NAV were recorded within “Gain on equity securities, net” on the Consolidated Condensed Statements of Income.

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Loans

9 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Loans and Leases Receivable Disclosure [Abstract]

Loans

The following tables present the amortized cost basis of loans at September 30, 2023 that were both experiencing financial difficulty and modified during the three months and the nine months ended September 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 September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	1,920	$	387	$	2,568	$	—	$	4,875	0.38	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		366		—		511		—		877		0.05	%
Construction real estate:
Commercial	—		—		228		—		637		—		865		0.47	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		147		—		147		0.03	%
Mortgage	—		—		—		—		95		—		95		0.01	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		174		—		121		—		295		5.57	%
Consumer:
Consumer	—		—		—		22		—		—		22		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	2,688	$	409	$	4,079	$	—	$	7,176	0.10	%

	Nine Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	452	$	387	$	11,312	$	11	$	12,162	0.95	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		1,366		—		511		—		1,877		0.10	%
Construction real estate:
Commercial	—		—		228		—		637		—		865		0.47	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		158		—		158		0.03	%
Mortgage	—		—		—		—		229		—		229		0.02	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		178		—		199		—		377		7.12	%
Consumer:
Consumer	—		—		—		39		—		—		39		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	2,224	$	426	$	13,046	$	11	$	15,707	0.21	%

Park has committed to lend additional amounts totaling $3.4 million to the borrowers included in the previous table as of September 30, 2023.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months and the nine months ended September 30, 2023:

	Three Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Adjustment		Weighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	(0.15)	%	0.5
PPP loans	—		—	%	0.0
Overdrafts	—		—	%	0.0
Commercial real estate	—		2.76	%	2.0
Construction real estate:
Commercial	—		2.34	%	1.6
Retail	—		—	%	0.0
Residential real estate:
Commercial	—		(2.75)	%	1.1
Mortgage	—		(4.00)	%	0.8
HELOC	—		—	%	0.0
Installment	—		(0.89)	%	13.6
Consumer:
Consumer	—		(1.49)	%	0.0
Check loans	—		—	%	0.0
Leases	—		—	%	0.0
Total	$	—	0.34	%	1.4

	Nine Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Adjustment		Weighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	0.58	%	0.6
PPP loans	—		—	%	0.0
Overdrafts	—		—	%	0.0
Commercial real estate	—		2.76	%	3.1
Construction real estate:
Commercial	—		2.34	%	1.6
Retail	—		—	%	0.0
Residential real estate:
Commercial	—		(2.47)	%	1.4
Mortgage	—		(2.76)	%	0.6
HELOC	—		—	%	0.0
Installment	—		(1.21)	%	12.9
Consumer:
Consumer	—		(2.33)	%	0.0
Check loans	—		—	%	0.0
Leases	—		—	%	0.0
Total	$	—	0.62	%	1.3

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 September 30, 2023 that were greater than 30 days past due as of September 30, 2023. There were $11,000 of loans modified to borrowers experiencing financial difficulty that had been modified during the nine months ended September 30, 2023 that were 30-59 days past due as of September 30, 2023 in the Commercial, financial, and agricultural loan portfolio segment.

The following table presents the amortized cost basis of loans that had a payment default during the three months ended September 30, 2023 and were modified in the nine 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 September 30, 2023
(In thousands)	Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	11
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:			—		—		—
Commercial	—		—		—		—
Mortgage	—		—		—		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		—		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	—	$	—	$	—	$	11

The following table presents the amortized cost basis of loans that had a payment default during the nine months ended September 30, 2023 and were modified in the nine 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:

	Nine Months Ended September 30, 2023
(In thousands)	Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	11
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:			—		—		—
Commercial	—		—		147		—
Mortgage	—		—		134		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		4		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	—	$	4	$	281	$	11

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.

Loans

The composition of the loan portfolio at September 30, 2023 and at December 31, 2022 was as follows:

 

	September 30, 2023		December 31, 2022
(In thousands)	Amortized Cost		Amortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)	$	1,283,485	$	1,295,238
PPP loans	2,427		4,206
Overdrafts	3,109		1,489
Commercial real estate (1)	1,833,400		1,794,054
Construction real estate:
Commercial	182,992		208,982
Retail	105,934		116,433
Residential real estate:
Commercial	583,251		550,183
Mortgage	1,185,544		1,075,446
HELOC	173,256		167,151
Installment	5,295		4,091
Consumer:
Consumer	1,970,570		1,902,831
Check loans	2,053		2,150
Leases	18,429		19,637
Total	$	7,349,745	$	7,141,891
Allowance for credit losses	(84,602)		(85,379)
Net loans	$	7,265,143	$	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.

In order to support customers, Park participated in the CARES Act Paycheck Protection Program ("PPP"). For its assistance in making and retaining these loans, Park received an aggregate of $33.1 million in fees from the SBA. During the three months ended September 30, 2023 and September 30, 2022, $9,000 and $361,000, respectively, of PPP fee income was recognized within loan interest income. During the nine months ended September 30, 2023 and September 30, 2022, $34,000 and $2.9 million, respectively, of PPP fee income was recognized within loan interest income.

Loans are shown net of deferred origination fees, costs and unearned income of $18.9 million at September 30, 2023, and of $18.2 million at December 31, 2022, which represented a net deferred income position at both dates. At September 30, 2023 and December 31, 2022, loans included purchase accounting adjustments of $1.9 million and $2.5 million, respectively, which represented a net deferred income position at each date. This fair market value purchase accounting adjustment is expected to be recognized into interest income on a level yield basis over the remaining expected life of the loans.

Overdrawn deposit accounts of $3.1 million and $1.5 million were reclassified to loans at September 30, 2023 and at December 31, 2022, respectively.

Credit Quality

Among other things, the adoption of ASU 2022-02 on January 1, 2023 eliminated the concept of TDRs. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still 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 September 30, 2023.

 

	September 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	$	17,336	$	—	$	17,336
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	19,899		—		19,899
Construction real estate:
Commercial	1,124		—		1,124
Retail	—		—		—
Residential real estate:
Commercial	2,237		—		2,237
Mortgage	10,935		139		11,074
HELOC	957		—		957
Installment	35		—		35
Consumer:
Consumer	2,133		488		2,621
Check loans	—		—		—
Leases	352		—		352
Total loans	$	55,008	$	627	$	55,635

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 Accruing		Total Nonperforming Loans
Commercial, financial and agricultural
Commercial, financial and agricultural	$	38,158	$	3,261	$	—	$	41,419
PPP loans	—		—		389		389
Overdrafts	—		—		—		—
Commercial real estate	24,504		7,919		—		32,423
Construction real estate:
Commercial	1,712		—		—		1,712
Retail	1,254		12		—		1,266
Residential real estate:
Commercial	1,894		298		—		2,192
Mortgage	9,260		6,750		182		16,192
HELOC	1,133		187		7		1,327
Installment	51		1,037		—		1,088
Consumer
Consumer	1,022		670		703		2,395
Check loans	—		—		—		—
Leases	708		—		—		708
Total loans	$	79,696	$	20,134	$	1,281	$	101,111

The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at September 30, 2023 and December 31, 2022:

	September 30, 2023
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	8,121	$	9,215	$	3,132
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	18,411		1,488		205
Construction real estate:
Commercial	575		549		94
Retail	—		—		—
Residential real estate:
Commercial	2,237		—		—
Mortgage	—		10,935		96
HELOC	—		957		25
Installment	—		35		18
Consumer
Consumer	—		2,133		615
Check loans	—		—		—
Leases	352		—		—
Total loans	$	29,696	$	25,312	$	4,185

	December 31, 2022
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	28,291	$	9,867	$	3,440
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	22,965		1,539		130
Construction real estate:
Commercial	1,712		—		—
Retail	—		1,254		19
Residential real estate:
Commercial	1,894		—		—
Mortgage	—		9,260		85
HELOC	—		1,133		191
Installment	—		51		17
Consumer
Consumer	—		1,022		284
Check loans	—		—		—
Leases	680		28		9
Total	$	55,542	$	24,154	$	4,175

Nonaccrual commercial loans are evaluated on an individual basis and are excluded from the collective evaluation. Management’s general practice is to proactively charge down loans individually evaluated to the fair value of the underlying collateral. Nonaccrual consumer loans are collectively evaluated based on similar risk characteristics.

The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,110	$	4,719	$	4,470	$	17,299
Commercial real estate	22,643		21		—		22,664
Construction real estate:
Commercial	1,761		—		—		1,761
Residential real estate:
Commercial	2,491		—		—		2,491
Mortgage	79		—		—		79
Leases	—		352		—		352
Total loans	$	35,084	$	5,092	$	4,470	$	44,646

	December 31, 2022
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,242	$	7,788	$	23,125	$	39,155
Commercial real estate	35,908		28		—		35,936
Construction real estate:
Commercial	2,372		—		—		2,372
Residential real estate:
Commercial	2,479		—		—		2,479
Mortgage	90		—		—		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 nine-month periods ended September 30, 2023 and 2022:

	Interest Income Recognized
(In thousands)	Three Months Ended September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	253	$	15	$	1,580	$	45
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	177		237		537		751
Construction real estate:
Commercial	5		6		59		10
Retail	—		—		—		4
Residential real estate:
Commercial	37		24		100		64
Mortgage	58		43		160		112
HELOC	1		5		16		11
Installment	1		1		3		3
Consumer:
Consumer	25		15		65		46
Check loans	—		—		—		—
Leases	—		9		—		33
Total loans	$	557	$	355	$	2,520	$	1,079

The following tables present the aging of the amortized cost in past due loans at September 30, 2023 and at December 31, 2022 by class of loan:

	September 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	$	324	$	12,151	$	12,475	$	1,271,010	$	1,283,485
PPP loans	—		—		—		2,427		2,427
Overdrafts	—		—		—		3,109		3,109
Commercial real estate	206		2,322		2,528		1,830,872		1,833,400
Construction real estate:
Commercial	—		549		549		182,443		182,992
Retail	8		—		8		105,926		105,934
Residential real estate:
Commercial	54		219		273		582,978		583,251
Mortgage	7,584		5,386		12,970		1,172,574		1,185,544
HELOC	655		699		1,354		171,902		173,256
Installment	19		—		19		5,276		5,295
Consumer:
Consumer	6,732		838		7,570		1,963,000		1,970,570
Check loans	4		—		4		2,049		2,053
Leases	—		—		—		18,429		18,429
Total loans	$	15,586	$	22,164	$	37,750	$	7,311,995	$	7,349,745

(1) Includes an aggregate of $0.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $33.5 million of nonaccrual loans which were current with respect 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 loans	155		389		544		3,662		4,206
Overdrafts	—		—		—		1,489		1,489
Commercial real estate	737		4,738		5,475		1,788,579		1,794,054
Construction real estate:
Commercial	751		—		751		208,231		208,982
Retail	1,035		523		1,558		114,875		116,433
Residential real estate:
Commercial	519		477		996		549,187		550,183
Mortgage	7,630		5,157		12,787		1,062,659		1,075,446
HELOC	832		587		1,419		165,732		167,151
Installment	57		4		61		4,030		4,091
Consumer
Consumer	5,499		964		6,463		1,896,368		1,902,831
Check loans	2		—		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 with respect to contractual principal and interest payments.

Credit Quality Indicators

Management utilizes past due information as a credit quality indicator across the loan portfolio. Past due information at September 30, 2023 and December 31, 2022 is included in the previous tables. The past due information is the primary credit quality indicator within the following classes of loans: (1) overdrafts in the commercial, financial and agricultural portfolio segment; (2) retail loans in the construction real estate portfolio segment; (3) mortgage loans, HELOC and installment loans in the residential real estate portfolio segment; and (4) consumer loans and check loans in the consumer portfolio segment. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans on a scale from 1 to 8. Credit grades are continuously monitored by the responsible loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded a 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher PD is applied to these loans. Loans classified as special mention have potential weaknesses that require management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of Park’s credit position at some future date. Commercial loans graded a 6 (substandard), also considered watch list credits, are considered to represent higher credit risk and, as a result, a higher PD is applied to these loans. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or the value of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Park will sustain some loss if the weaknesses are not corrected. Commercial loans graded a 7 (doubtful) are shown as nonaccrual and Park generally charges these loans down to their fair value by taking a partial charge-off or recording a specific reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Certain 6-rated loans and all 7-rated loans are placed on nonaccrual status and included within the individually evaluated category. A commercial loan is deemed nonaccrual, and is individually evaluated, when management determines the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged off.

Based on the most recent analysis performed, the risk category of commercial loans by class of loans at September 30, 2023 and at December 31, 2022 are detailed in the tables below. Also included in the table detailing loan balances at September 30, 2023 are gross charge offs for the nine months ended September 30, 2023.

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass	$	157,097	$	162,986	$	136,515	$	116,752	$	45,243	$	48,042	$	567,498	$	1,234,133
Special Mention	125		598		285		242		110		11		28,954		30,325
Substandard	111		191		197		2,530		140		623		6,100		9,892
Doubtful	75		52		42		126		104		7,862		874		9,135
Total	$	157,408	$	163,827	$	137,039	$	119,650	$	45,597	$	56,538	$	603,426	$	1,283,485
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	51	$	—	$	51

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	—	$	—	$	1,014	$	1,413	$	—	$	—	$	—	$	2,427
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	1,014	$	1,413	$	—	$	—	$	—	$	2,427
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate (1)
Risk rating
Pass	$	198,641	$	309,027	$	343,355	$	328,768	$	210,212	$	356,293	$	15,401	$	1,761,697
Special Mention	72		16,984		4,249		4,336		—		24,670		99		50,410
Substandard	1,624		1,137		2,759		3,198		2,590		7,012		1,892		20,212
Doubtful	—		—		740		—		—		341		—		1,081
Total	$	200,337	$	327,148	$	351,103	$	336,302	$	212,802	$	388,316	$	17,392	$	1,833,400
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	530	$	—	$	530

Construction real estate: Commercial
Risk rating
Pass	$	63,281	$	75,994	$	7,581	$	18,474	$	1,897	$	2,806	$	11,198	$	181,231
Special Mention	—		—		—		—		—		—		—		—
Substandard	1,414		270		77		—		—		—		—		1,761
Doubtful	—		—		—		—		—		—		—		—
Total	$	64,695	$	76,264	$	7,658	$	18,474	$	1,897	$	2,806	$	11,198	$	182,992
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Commercial
Risk rating
Pass	$	86,116	$	108,555	$	108,655	$	123,374	$	51,584	$	79,032	$	20,793	$	578,109
Special Mention	—		338		462		607		415		848		—		2,670
Substandard	200		572		333		256		31		890		190		2,472
Doubtful	—		—		—		—		—		—		—		—
Total	$	86,316	$	109,465	$	109,450	$	124,237	$	52,030	$	80,770	$	20,983	$	583,251
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Leases
Risk rating
Pass	$	4,530	$	5,597	$	2,448	$	2,276	$	483	$	843	$	—	$	16,177
Special Mention	665		752		442		27		13		1		—		1,900
Substandard	—		—		—		256		82		14		—		352
Doubtful	—		—		—		—		—		—		—		—
Total	$	5,195	$	6,349	$	2,890	$	2,559	$	578	$	858	$	—	$	18,429
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial Loans
Risk rating
Pass	$	509,665	$	662,159	$	599,568	$	591,057	$	309,419	$	487,016	$	614,890	$	3,773,774
Special Mention	862		18,672		5,438		5,212		538		25,530		29,053		85,305
Substandard	3,349		2,170		3,366		6,240		2,843		8,539		8,182		34,689
Doubtful	75		52		782		126		104		8,203		874		10,216
Total	$	513,951	$	683,053	$	609,154	$	602,635	$	312,904	$	529,288	$	652,999	$	3,903,984
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, 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	$	197,497	$	198,999	$	142,487	$	60,845	$	32,887	$	47,135	$	546,237	$	1,226,087
Special Mention	700		313		918		315		4		35		25,536		27,821
Substandard	1,101		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 Mention	199		3,256		3,388		5,863		16,059		22,220		150		51,135
Substandard	7,856		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
Substandard	652		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
Substandard	610		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, 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	$	7,629	$	3,310	$	3,347	$	1,167	$	981	$	605	$	—	$	17,039
Special Mention	1,085		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 Mention	1,984		4,275		6,145		6,678		16,063		23,880		25,686		84,711
Substandard	10,219		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.

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. Also included in the table detailing loan balances at September 30, 2023 are gross charge offs for the nine months ended September 30, 2023. As previously mentioned, the adoption of ASU 2022-02 on January 1, 2023 eliminated the concept of TDRs. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still accruing.

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Overdrafts
Performing	$	3,109	$	—	$	—	$	—	$	—	$	—	$	—	$	3,109
Nonperforming	—		—		—		—		—		—		—		—
Total	$	3,109	$	—	$	—	$	—	$	—	$	—	$	—	$	3,109
Current period gross charge-offs	$	704	$	—	$	—	$	—	$	—	$	—	$	—	$	704

Construction Real Estate: Retail
Performing	$	33,399	$	50,927	$	9,846	$	4,402	$	3,921	$	3,128	$	311	$	105,934
Nonperforming	—		—		—		—		—		—		—		—
Total	$	33,399	$	50,927	$	9,846	$	4,402	$	3,921	$	3,128	$	311	$	105,934
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Mortgage
Performing	$	151,811	$	235,246	$	223,499	$	180,736	$	83,584	$	299,594	$	—	$	1,174,470
Nonperforming	—		976		706		851		423		8,118		—		11,074
Total	$	151,811	$	236,222	$	224,205	$	181,587	$	84,007	$	307,712	$	—	$	1,185,544
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	35	$	—	$	35

Residential Real Estate: HELOC
Performing	$	79	$	181	$	299	$	102	$	242	$	1,975	$	169,421	$	172,299
Nonperforming	—		—		—		—		32		685		240		957
Total	$	79	$	181	$	299	$	102	$	274	$	2,660	$	169,661	$	173,256
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	9	$	—	$	9

Residential Real Estate: Installment
Performing	$	1,692	$	168	$	—	$	4	$	165	$	3,231	$	—	$	5,260
Nonperforming	—		—		—		—		—		35		—		35
Total	$	1,692	$	168	$	—	$	4	$	165	$	3,266	$	—	$	5,295
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer: Consumer
Performing	$	520,059	$	664,029	$	348,910	$	239,729	$	95,045	$	82,256	$	17,921	$	1,967,949
Nonperforming	155		687		730		367		181		497		4		2,621
Total	$	520,214	$	664,716	$	349,640	$	240,096	$	95,226	$	82,753	$	17,925	$	1,970,570
Current period gross charge-offs	$	253	$	2,223	$	1,893	$	635	$	497	$	346	$	3	$	5,850

Consumer: Check loans
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	2,053	$	2,053
Nonperforming	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	2,053	$	2,053
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	34	$	34

Total Consumer Loans
Performing	$	710,149	$	950,551	$	582,554	$	424,973	$	182,957	$	390,184	$	189,706	$	3,431,074
Nonperforming	155		1,663		1,436		1,218		636		9,335		244		14,687
Total	$	710,304	$	952,214	$	583,990	$	426,191	$	183,593	$	399,519	$	189,950	$	3,445,761
Current period gross charge-offs	$	957	$	2,223	$	1,893	$	635	$	497	$	390	$	37	$	6,632

December 31, 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	$	1,489	$	—	$	—	$	—	$	—	$	—	$	—	$	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	$	333,391	$	150,348	$	61,219	$	65,614	$	4,366	$	1,900,436
Nonperforming	440		489		424		365		157		520		—		2,395
Total	$	823,924	$	462,503	$	333,815	$	150,713	$	61,376	$	66,134	$	4,366	$	1,902,831

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

Loans and Leases Acquired with Deteriorated Credit Quality

In conjunction with the NewDominion acquisition, Park acquired loans with a book value of $277.9 million as of the July 1, 2018 acquisition date. These loans were recorded at the initial fair value of $272.8 million. Loans acquired with deteriorated credit quality (ASC 310-30) with a book value of $5.1 million were recorded at the initial fair value of $4.9 million. In conjunction with the Carolina Alliance acquisition, Park acquired loans and leases with a book value of $589.7 million as of the April 1, 2019 acquisition date. These loans and leases were recorded at the initial fair value of $578.6 million. Loans and leases acquired with deteriorated credit quality (ASC 310-30) with a book value of $19.9 million were recorded at the initial fair value of $18.4 million.

Upon Park's adoption of CECL on January 1, 2021, $52,000 of the credit discount on PCD loans was reclassified to the allowance for credit losses. PCD loans are individually evaluated on a quarterly basis to determine if a specific reserve is necessary. At September 30, 2023 and at December 31, 2022, there was no allowance for credit losses on PCD loans. The carrying amount of accruing loans acquired with deteriorated credit quality at September 30, 2023 and at December 31, 2022 was $3.8 million and $4.7 million, respectively. The carrying amount of nonaccrual loans acquired with deteriorated credit quality was $549,000 at September 30, 2023. There were no nonaccrual loans acquired with deteriorated quality at December 31, 2022.

Modifications to Borrowers Experiencing Financial Difficulty

Management identifies loans as modifications to borrowers experiencing financial difficulty when a borrower is experiencing financial difficulties and Park has altered the cash flow of the loan as part of a modification or in the loan renewal process. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of the borrower's debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. Park modifies loans to borrowers experiencing financial difficulty by providing principal forgiveness, a term extension, an other-than-insignificant payment delay or interest rate adjustments.

In some cases, Park provides multiple types of modifications on one loan. Typically, one type of modification, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification, such as principal forgiveness, may be granted. For the loans included in the combination columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate adjustment.

The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. As a result, the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses and a change to the allowance for credit losses is generally not recorded upon modification. When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses.

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Allowance For Credit Losses

9 Months Ended

Sep. 30, 2023

Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]

Allowance for Credit Losses [Text Block]

Allowance for Credit Losses

The ACL is an estimate of the expected credit losses on financial assets measured at amortized cost, which is measured using relevant information about past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. A provision for credit losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors.

During the first quarter of 2023, Park adopted ASU 2022-02. This standard was adopted using a modified retrospective transition method on January 1, 2023, resulting in a $383,000 increase to the ACL. A cumulative effect adjustment resulting in a $303,000 decrease to retained earnings was also recorded as a result of the adoption of ASU 2022-02.

Quantitative Considerations

The ACL is primarily calculated utilizing a DCF model. Key inputs and assumptions used in this model are discussed below:

•Forecast model - For each portfolio segment, a LDA was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilized Park's own FFIEC Call Report data for the commercial, financial and agricultural loan and the residential real estate portfolio loan segments. Peer data was incorporated into the analysis for the commercial real estate loan, the construction real estate loan, and the consumer portfolio loan segments. Park updated the LDA in the fourth quarter of 2022 with data through September 30, 2022. After considering the impact of the inclusion of periods impacted by COVID, as well as analysis of the ongoing applicability of the selected peer group, management decided it was appropriate to continue to utilize the LDA analysis from the fourth quarter of 2019 as the correlation of the LDA was higher.

•Probability of default – PD is the probability that an asset will be in default within a given time frame. Park has defined default to be when a charge-off has occurred, a loan is placed on nonaccrual, or a loan is greater than 90 days past due. Whenever possible, Park utilizes its own loan-level PDs for the reasonable and supportable forecast period. When loan-level data is not available reflecting the forecasted economic conditions, a forecast model is utilized to estimate PDs.

•Loss given default – LGD is the percentage of the asset not expected to be collected due to default. Whenever possible, Park utilizes its own loan-level LGDs for the reasonable and supportable forecast period. When it is not possible to use Park's own LGDs, the LGD is derived using a method referred to as Frye Jacobs.

•Prepayments and curtailments – Prepayments and curtailments are calculated based on Park’s own data utilizing a three-year average. This analysis is updated annually in the fourth quarter and was last updated in the fourth quarter of 2022.

•Forecast and reversion – Park has established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average.

•Economic forecast - Park utilizes a third party to provide economic forecasts under various scenarios, which are weighted in order to reflect model risk in the current economic environment. The scenario weighting is evaluated by management on a quarterly basis.

◦As of December 31, 2022, the "most likely" scenario forecasted Ohio unemployment between 4.14% and 4.36% during the next four quarters. In determining the appropriate weighting of scenarios at December 31, 2022, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high level of inflation, historically low consumer confidence, rising interest rates, geopolitical conflict (including the conflict between Russia and Ukraine), and workforce and supply chain challenges continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at December 31, 2022.

◦As of March 31, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.15% and 4.51% during the next four quarters. In determining the appropriate weighting of scenarios at March 31, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high level of inflation, historically low consumer confidence, rising interest rates, financial system stress related to recent bank failures, geopolitical conflict, and workforce challenges continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at March 31, 2023.

◦As of June 30, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.01% and 4.62% during the next four quarters. In determining the appropriate weighting of scenarios at June 30, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, the likelihood of interest rates increasing, financial system stress and geopolitical conflict continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at June 30, 2023.

◦As of September 30, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.07% and 4.66% during the next four quarters. In determining the appropriate weighting of scenarios at September 30, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, continued elevated interest rates, financial system stress and geopolitical conflict (including the conflicts between Russia and Ukraine and between Israel and Hamas), continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing

weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at September 30, 2023.

Qualitative Considerations

Park reviews various internal and external factors to consider the need for any qualitative adjustments to the quantitative model. Factors considered include the following:

•The nature and volume of Park’s financial assets; the existence, growth, and effect of any concentrations of credit and the volume and severity of past due financial assets, the volume of nonaccrual assets, and the volume and severity of adversely classified or graded assets. Specifically, management considers:

◦Trends (e.g., growth, reduction) in specific categories of the loan portfolio, as well as adjustments to the types of loans offered by Park.

◦Level of and trend in loan delinquencies, troubled loans, commercial watch list loans and nonperforming loans.

◦Level of and trend in new nonaccrual loans.

◦Level of and trend in loan charge-offs and recoveries.

•Park's lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, charge-offs, and recoveries.

•The quality of Park’s credit review function.

•The experience, ability, and depth of Park’s lending, investment, collection, and other relevant management and staff.

•The effect of other external factors such as the regulatory, legal and technological environments; competition; geopolitical conflict; and events such as natural disasters or pandemics.

•Actual and expected changes in international, national, regional, and local economic and business conditions and developments in the markets in which Park operates that affect the collectability of financial assets.

•Where the U.S. economy is within a given credit cycle.

•The extent that there is government assistance (stimulus).

At September 30, 2023 and at December 31, 2022, Park had $2.4 million and $4.2 million, respectively, of PPP loans which were included in the commercial, financial and agricultural loan portfolio segment. These loans are guaranteed by the SBA and thus have not been reserved for using the same methodology as the rest of Park’s loan portfolio. A 10 basis point reserve at each of September 30, 2023 and December 31, 2022 was calculated for the PPP loans to reflect minimal credit risk.

ACL Activity

The activity in the ACL for the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022 is summarized in the following tables:

	Three Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,278	$	19,141	$	4,886	$	18,419	$	28,370	$	112	$	87,206
Charge-offs	218		—		—		1		2,074		—		2,293
Recoveries	79		3		40		8		1,139		—		1,269
Net charge-offs/(recoveries)	$	139	$	(3)	$	(40)	$	(7)	$	935	$	—	$	1,024
(Recovery of) provision for credit losses	(1,171)		(526)		373		(1,437)		1,185		(4)		(1,580)
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

 

	Three Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	12,747	$	22,339	$	4,391	$	13,619	$	28,149	$	203	$	81,448
Charge-offs	543		—		—		—		1,169		36		1,748
Recoveries	110		36		20		20		884		1		1,071
Net charge-offs/(recoveries)	$	433	$	(36)	$	(20)	$	(20)	$	285	$	35	$	677
Provision for (recovery of) credit losses	563		(1,653)		87		1,464		2,699		30		3,190
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

	Nine Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,987	$	17,829	$	5,550	$	16,831	$	28,021	$	161	$	85,379
Impact of Adoption of ASU 2022-02	222		181		—		(20)		—		—		383
Charge-offs	755		530		—		44		5,884		—		7,213
Recoveries	209		235		548		479		3,487		—		4,958
Net charge-offs/(recoveries)	$	546	$	295	$	(548)	$	(435)	$	2,397	$	—	$	2,255
(Recovery of) provision for credit losses	(1,695)		903		(799)		(257)		2,996		(53)		1,095
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

	Nine Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	14,025	$	25,466	$	5,758	$	11,424	$	26,286	$	238	$	83,197
Charge-offs	1,456		598		33		81		3,287		42		5,497
Recoveries	544		624		550		106		2,859		2		4,685
Net charge-offs/(recoveries)	$	912	$	(26)	$	(517)	$	(25)	$	428	$	40	$	812
(Recovery of) provision for credit losses	(236)		(4,770)		(1,777)		3,654		4,705		—		1,576
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

ACL Summary

Loans collectively evaluated for impairment in the following tables include all performing loans at September 30, 2023 and at December 31, 2022, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the ACL. Loans individually evaluated for impairment include all internally classified commercial nonaccrual loans at September 30, 2023 and all internally classified commercial nonaccrual loans and TDRs at December 31, 2022, which are individually evaluated for impairment in accordance with U.S. GAAP (see Note 1 - Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in Park’s 2022 Form 10-K).

The composition of the ACL at September 30, 2023 and at December 31, 2022 was as follows:

 

	September 30, 2023
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,122		$	205		$	95		$	—		$	—		$	—		$	3,422
Collectively evaluated for impairment	11,846			18,413			5,204			16,989			28,620			108			81,180
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	14,968		$	18,618		$	5,299		$	16,989		$	28,620		$	108		$	84,602
Loan balance:
Loans individually evaluated for impairment	$	17,257		$	19,869		$	1,124		$	2,237		$	—		$	352		$	40,839
Loans collectively evaluated for impairment	1,271,722			1,810,736			287,165			1,944,776			1,972,623			18,077			7,305,099
Accruing loans acquired with deteriorated credit quality	42			2,795			637			333			—			—			3,807
Total ending loan balance	$	1,289,021		$	1,833,400		$	288,926		$	1,947,346		$	1,972,623		$	18,429		$	7,349,745
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	18.09		%	1.03		%	8.45		%	—		%	—		%	—		%	8.38		%
Loans collectively evaluated for impairment	0.93		%	1.02		%	1.81		%	0.87		%	1.45		%	0.60		%	1.11		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.16		%	1.02		%	1.83		%	0.87		%	1.45		%	0.59		%	1.15		%

	December 31, 2022
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,426		$	131		$	—		$	—		$	—		$	9		$	3,566
Collectively evaluated for impairment	13,561			17,698			5,550			16,831			28,021			152			81,813
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	16,987		$	17,829		$	5,550		$	16,831		$	28,021		$	161		$	85,379
Loan balance:
Loans individually evaluated for impairment	$	41,307		$	32,423		$	1,712		$	2,191		$	—		$	708		$	78,341
Loans collectively evaluated for impairment	1,259,524			1,758,118			323,043			1,794,302			1,904,981			18,929			7,058,897
Accruing loans acquired with deteriorated credit quality	102			3,513			660			378			—			—			4,653
Total ending loan balance	$	1,300,933		$	1,794,054		$	325,415		$	1,796,871		$	1,904,981		$	19,637		$	7,141,891
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	8.29		%	0.40		%	—		%	—		%	—		%	1.27		%	4.55		%
Loans collectively evaluated for impairment	1.08		%	1.01		%	1.72		%	0.94		%	1.47		%	0.80		%	1.16		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.31		%	0.99		%	1.71		%	0.94		%	1.47		%	0.82		%	1.20		%

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Mortgage Loans Held for Sale

9 Months Ended

Sep. 30, 2023

Receivable, Held-for-Sale [Abstract]

Mortgage Loans Held For Sale

Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At September 30, 2023 and at December 31, 2022, respectively, Park had $2.9 million and $2.1 million in mortgage loans held for sale. These amounts are included in loans on the Consolidated Condensed Balance Sheets and in the residential real estate loan portfolio segment in Note 5 - Loans, and Note 6 - Allowance for Credit Losses. The contractual balance was $2.8 million and $2.1 million at September 30, 2023 and at December 31, 2022, respectively. The gain expected upon sale was $44,000 and $41,000 at September 30, 2023 and at December 31, 2022, respectively. None of these loans were 90 days or more past due or on nonaccrual status at September 30, 2023 or at December 31, 2022.

During the three months ended June 30, 2022, Park transferred certain commercial loans held for investment, previously nonperforming, with an amortized cost of $6.3 million, to the loans held for sale portfolio. The transferred loans were recorded at the lower of cost or fair value, with a charge-off recorded in each instance where the fair value of an individual loan was deemed to be below the carrying cost at the time the loans were moved to the held for sale portfolio. The sale of $3.9 million in loans held for sale was subsequently completed during the three months ended September 30, 2022, and Park recognized a gain on sale of $495,000 which is recorded within "Miscellaneous income" on the Consolidated Condensed Statements of Income for the three months ended September 30, 2022. The remaining $2.4 million in loans held for sale were transferred back to loans held for investment at the lower of cost or fair value. No non-performing loans were held for sale or sold during the three months or the nine months ended September 30, 2023.

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Goodwill and other intangibles

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

The following table shows the activity in goodwill and other intangible assets for the three-month and the nine-month periods ended September 30, 2023 and 2022.

(in thousands)	Goodwill		Other intangible assets		Total
July 1, 2022	$	159,595	$	6,657	$	166,252
Amortization	—		341		341
September 30, 2022	$	159,595	$	6,316	$	165,911
July 1, 2023	$	159,595	$	5,320	$	164,915
Amortization	—		334		334
September 30, 2023	$	159,595	$	4,986	$	164,581

(in thousands)	Goodwill		Other intangible assets		Total
December 31, 2021	$	159,595	$	7,462	$	167,057
Amortization	—		1,146		1,146
September 30, 2022	$	159,595	$	6,316	$	165,911
December 31, 2022	$	159,595	$	5,975	$	165,570
Amortization	—		989		989
September 30, 2023	$	159,595	$	4,986	$	164,581

Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of the immediately prior March 31. Based on the qualitative analysis performed as of April 1, 2023, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired.

Acquired Intangible Assets

The following table shows the balance of acquired intangible assets at September 30, 2023 and at December 31, 2022.

	September 30, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Other intangible assets:
Core deposit intangible assets	$	14,456	$	9,470	$	14,456	$	8,481
Trade name intangible assets	1,300		1,300		1,300		1,300
Total	$	15,756	$	10,770	$	15,756	$	9,781

Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. Aggregate amortization expense was $334,000 and $341,000 for the three months ended September 30, 2023 and 2022, respectively, and was $989,000 and $1.1 million for the nine months ended September 30, 2023 and 2022, respectively.

Estimated amortization expense related to core deposit intangible assets for the remainder of 2023 and the next four years follows:

(in thousands)	Total
Three months ending December 31, 2023	$	334
2024	1,215
2025	1,042
2026	887
2027	754

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Investment in Qualified Affordable Housing

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Investment in Qualified Affordable Housing

Investment in Qualified Affordable Housing

Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purposes of these investments are to achieve a satisfactory return on capital, help create affordable housing opportunities, and assist the Company to achieve its goals associated with the Community Reinvestment Act.

The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments at September 30, 2023 and December 31, 2022.

(in thousands)	September 30, 2023		December 31, 2022
Affordable housing tax credit investments	$	64,676	$	60,968
Unfunded commitments	31,553		28,132

Commitments are funded when capital calls are made by the general partner. Park expects that the current commitments will be funded between the remainder of 2023 through 2033.

Park recognized amortization expense of $2.1 million and $2.0 million, respectively, for the three months ended September 30, 2023 and 2022, and $6.3 million and $5.9 million, respectively, for the nine months ended September 30, 2023 and 2022, which were included within the provision for income taxes. Additionally, during the three months ended September 30, 2023 and 2022, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $2.6 million and $2.5 million, respectively, and during the nine months ended September 30, 2023 and 2022, recognized $7.6 million and $7.4 million, respectively, which were included within the provision for income taxes.

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Other Real Estate Owned

9 Months Ended

Sep. 30, 2023

Other Real Estate Owned [Abstract]

Other Real Estate Owned

Foreclosed and Repossessed Assets

Park typically transfers a loan to OREO at the time that Park takes deed/title to the real estate property asset. The carrying amounts of foreclosed real estate properties held at September 30, 2023 and December 31, 2022 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	September 30, 2023		December 31, 2022
OREO:
Commercial real estate	$	1,354	$	1,354
Residential real estate	—		—
Total OREO	$	1,354	$	1,354
Loans in process of foreclosure:
Residential real estate	$	1,877	$	1,614

Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value, less costs to sell, when acquired. During the three months and the nine months ended September 30, 2022, Park recognized a $12.0 million OREO valuation markup related to the foreclosure and subsequent sale of a property collateralizing a former Vision Bank relationship. This income is included in "OREO valuation markup" on the Consolidated Condensed Statements of Income. There was no OREO

valuation markup related to former Vision Bank relationships during the three months or the nine months ended September 30, 2023.

During the three months and the nine months ended September 30, 2022, Park recognized a $5.6 million gain on the sale of OREO related to former Vision Bank relationships. This income is included in "(Loss) gain on sale of OREO, net" on the Consolidated Condensed Statements of Income. There was no gain or loss on the sale of OREO related to former Vision Bank

relationships during the three months or the nine months ended September 30, 2023.

In addition to real estate, Park may also repossess different types of collateral. At September 30, 2023 and December 31, 2022, Park had $0.7 million and $0.6 million, respectively, in other repossessed assets which are included in "Other assets" on the Consolidated Condensed Balance Sheets.

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Loan Servicing

9 Months Ended

Sep. 30, 2023

Transfers and Servicing of Financial Assets [Abstract]

Loan Servicing

Loan Servicing

Park serviced sold mortgage loans of $1.96 billion at September 30, 2023, $2.05 billion at December 31, 2022 and $2.09 billion at September 30, 2022. At September 30, 2023, $3.0 million of the sold mortgage loans were sold with recourse, compared to $3.2 million at December 31, 2022 and $3.3 million at September 30, 2022. Management closely monitors the delinquency rates on the mortgage loans sold with recourse. At September 30, 2023 and December 31, 2022, management had established reserves of $54,000 and $59,000, respectively, to account for expected losses on loan repurchases.

When Park sells mortgage loans with servicing rights retained, these servicing rights are initially recorded at fair value. Park has selected the “amortization method” as permissible within U.S. GAAP, whereby the servicing rights capitalized are amortized in proportion to and over the period of estimated future servicing income with respect to the underlying loan. At the end of each reporting period, the carrying value of MSRs is assessed for impairment with a comparison to fair value. MSRs are carried at the lower of their amortized cost or fair value. The amortization of MSRs is included within "Other service income" in the Consolidated Condensed Statements of Income.

Activity for MSRs and the related valuation allowance follows:

 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	15,237	$	16,470	$	15,792	$	15,264
Additions	169		254		437		1,336
Amortization	(462)		(592)		(1,366)		(1,804)
Change in valuation allowance	16		59		97		1,395
Carrying amount, net, end of period	$	14,960	$	16,191	$	14,960	$	16,191
Valuation allowance:
Beginning of period	$	101	$	232	$	182	$	1,568
Change in valuation allowance	(16)		(59)		(97)		(1,395)
End of period	$	85	$	173	$	85	$	173

Servicing fees included in "Other service income" were $1.3 million and $1.4 million for the three months ended September 30, 2023 and 2022, respectively, and were $3.9 million and $4.1 million for the nine months ended September 30, 2023 and 2022, respectively.

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Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Lessee, Operating Leases

LeasesPark is a lessee in several noncancellable operating lease arrangements, primarily for retail branches, administrative and warehouse buildings, ATMs, and certain office equipment within its Ohio, North Carolina, South Carolina, and Kentucky markets. Certain of these leases contain renewal options for periods ranging from one year to five years. Park’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease arrangements include fixed payments plus, for many of Park’s real estate leases, variable payments such as Park's proportionate share of property taxes, insurance and common area maintenance.

Park's operating lease ROU asset and lease liability are presented in “Operating lease ROU asset" and "Operating lease liability," respectively, on Park's Consolidated Condensed Balance Sheets. The carrying amounts of Park's ROU asset and lease liability at September 30, 2023 were $16.3 million and $17.4 million, respectively. At December 31, 2022, the carrying amounts of Park's ROU asset and lease liability were $17.6 million and $19.3 million, respectively. Park's operating lease expense is recorded in "Occupancy expense" on the Company's Consolidated Condensed Statements of Income.

Other information related to operating leases for the three-month and the nine-month periods ended September 30, 2023 and 2022 follows:

	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Lease cost
Operating lease cost	$	727	$	811	$	2,187	$	2,286
Sublease income	(73)		(63)		(199)		(189)
Total lease cost	$	654	$	748	$	1,988	$	2,097
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	890	$	766	$	2,734	$	2,307
ROU assets obtained in exchange for new operating lease liabilities	$	320	$	88	$	499	$	4,270
Reductions to ROU assets resulting from reductions to lease obligations	$	(753)	$	(697)	$	(2,307)	$	(2,090)

At each of September 30, 2023 and December 31, 2022, Park's operating leases had a weighted average remaining term of 10.0 years. The weighted average discount rate of Park's operating leases was 3.5% and 3.3% at September 30, 2023 and at December 31, 2022, respectively.

Undiscounted cash flows included in lease liabilities have expected contractual payments as follows:

(in thousands)	September 30, 2023
Three months ending December 31, 2023	$	884
2024	2,515
2025	2,169
2026	2,134
2027	2,040
Thereafter	11,474
Total undiscounted minimum lease payments	$	21,216
Present value adjustment	(3,790)
Total lease liabilities	$	17,426

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Repurchase Agreement Borrowings

9 Months Ended

Sep. 30, 2023

Transfers and Servicing [Abstract]

Repurchase Agreement Borrowings

Repurchase Agreement Borrowings

Securities sold under agreements to repurchase ("repurchase agreements") with customers represent funds deposited by customers, generally on an overnight basis, that are collateralized by investment securities owned by Park. Repurchase agreements with customers are included in "Short-term borrowings" on the Consolidated Condensed Balance Sheets.

All repurchase agreements are subject to terms and conditions of repurchase/security agreements between Park and the client and are accounted for as secured borrowings. Park's repurchase agreements consist of customer accounts and securities which are pledged on an individual security basis.

At September 30, 2023 and at December 31, 2022, Park's repurchase agreement borrowings totaled $105.8 million and $227.3 million, respectively. These borrowings were collateralized with U.S. Government sponsored entities' asset-backed securities with a fair value of $179.0 million and $313.1 million at September 30, 2023 and at December 31, 2022, respectively. Declines in the value of the collateral would require Park to pledge additional securities. At September 30, 2023 and at December 31, 2022, Park had $1,106 million and $1,147 million, respectively, of available unpledged securities.

The table below shows the remaining contractual maturity of repurchase agreements by collateral pledged at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	105,786	$	—	$	—	$	—	$	105,786
	December 31, 2022
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	227,342	$	—	$	—	$	—	$	227,342

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Derivatives

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivatives

Park uses certain derivative financial instruments (or "derivatives") to meet the needs of Park's clients while managing the interest rate risk associated with certain transactions. Park does not use derivatives for speculative purposes. A summary of derivative financial instruments utilized by Park follows.

Interest Rate Swaps

Park utilizes interest rate swap agreements (or "interest rate swaps") as part of its asset-liability management strategy to help manage its interest rate risk position and as a means to meet the financing, interest rate and other risk management needs of qualifying commercial banking customers. The notional amount of the interest rate swaps does not represent the amount exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

Borrowing Derivatives: At September 30, 2023 and at December 31, 2022, Park had no borrowing derivatives. There was no interest expense recorded on swap transactions for the three-month period ended September 30, 2022. Interest expense recorded on swap transactions was $171,000 for the nine-month period ended September 30, 2022. Additionally, Park recognized a $154,000 gain, net of income taxes, related to borrowing swaps that was recorded in "Other comprehensive loss" on the Consolidated Condensed Statements of Comprehensive Income (Loss) during the nine-month period ended September 30, 2022. No gain (loss) related to borrowing swaps was recorded during the three-month period ended September 30, 2022.

Loan Derivatives: In conjunction with the Carolina Alliance acquisition, Park acquired interest rate swaps related to certain commercial loans. Simultaneously with borrowers entering into interest rate swaps, Carolina Alliance entered into offsetting interest rate swaps executed with a third party, such that Carolina Alliance minimized its net interest rate risk exposure resulting from such transactions. These interest rate swaps had a notional amount totaling $18.6 million and $21.7 million at September 30, 2023 and at December 31, 2022, respectively.

All of the Company's interest rate swaps were determined to be fully effective during each of the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022. As such, no amount of ineffectiveness has been included in net income. Therefore, the aggregate fair value of the interest rate swaps is recorded in "Other assets" and "Other liabilities" with changes in fair value recorded in "Other comprehensive loss". The amount included in "Accumulated other comprehensive loss, net of tax" would be reclassified to net income should the hedges no longer be considered effective. During the nine-month period ended September 30, 2022, Park recognized expense of $66,000, or $52,000, net of taxes, as the result of the early termination of a borrowing interest rate swap. There was no early termination expense related to borrowing interest rate swaps during the three-month period ended September 30, 2022 or during the three-month period or the nine-month period ended

September 30, 2023. Park expects the outstanding hedges to remain fully effective during the remaining respective terms of the interest rate swaps.

Summary information about Park's interest rate swaps at September 30, 2023 and at December 31, 2022 follows:

	September 30, 2023			December 31, 2022
(In thousands, except weighted average data)	Loan Derivatives			Loan Derivatives
Notional amounts	$	18,584		$	21,700
Weighted average pay rates	4.512		%	4.553		%
Weighted average receive rates	4.512		%	4.553		%
Weighted average maturity (years)	6.8			7.9
Unrealized losses	$	—		$	—

Interest Rate Swaps

The following table reflects the interest rate swaps included in the Consolidated Condensed Balance Sheets at September 30, 2023 and at December 31, 2022.

(In thousands)	September 30, 2023				December 31, 2022
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	$	—	$	—	$	—	$	—
Matched interest rate swaps with counterparty	18,584		1,719		21,700		1,508
Total included in "Other assets"	$	18,584	$	1,719	$	21,700	$	1,508
Included in "Other liabilities":
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	$	18,584	$	(1,719)	$	21,700	$	(1,508)
Matched interest rate swaps with counterparty	—		—		—		—
Total included in "Other liabilities"	$	18,584	$	(1,719)	$	21,700	$	(1,508)

Mortgage Banking Derivatives

Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free-standing derivatives. In order to hedge the change in interest rates resulting from its commitments to fund the loans, the Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into. These mortgage banking derivatives are not designated as hedge relationships. The fair value of an interest rate lock is recorded at the time the commitment to fund the mortgage loan is executed and is adjusted for the expected exercise of the commitment before the loan is funded. Fair values of these mortgage banking derivatives are estimated based on changes in mortgage interest rates from the date the interest on the loan is locked. Changes in the fair values of these derivatives are included in "Other service income" in the Condensed Consolidated Statements of Income.

At September 30, 2023 and at December 31, 2022, Park had $1.7 million and $2.1 million, respectively, of interest rate lock commitments. The fair value of these mortgage banking derivatives was reflected by a derivative asset of $30,000 and $46,000 at September 30, 2023 and at December 31, 2022, respectively.

Other Derivatives

In connection with the sale of Park’s Class B Visa shares during 2009, Park entered into a swap agreement with the purchaser of the shares. The swap agreement adjusts for dilution in the conversion ratio of Class B Visa shares resulting from certain Visa litigation. At September 30, 2023 and at December 31, 2022, the fair value of the swap liability of $123,000 and $243,000, respectively, represented an estimate of the exposure based upon probability-weighted potential Visa litigation losses.

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Earnings Per Common Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three months and the nine months ended September 30, 2023 and 2022.

 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except common share and per common share data)	2023		2022		2023		2022
Numerator:
Net income	$	36,917	$	42,068	$	102,234	$	115,267
Denominator:
Weighted-average common shares outstanding	16,133,310		16,253,704		16,180,261		16,240,966
Effect of dilutive PBRSUs and TBRSUs	84,570		121,278		80,848		114,824
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs	16,217,880		16,374,982		16,261,109		16,355,790
Earnings per common share:
Basic earnings per common share	$	2.29	$	2.59	$	6.32	$	7.10
Diluted earnings per common share	$	2.28	$	2.57	$	6.29	$	7.05

Park awarded 54,698 PBRSUs and 52,335 PBRSUs to certain employees during the nine months ended September 30, 2023 and 2022, respectively. No PBRSUs were awarded during either of the three months ended September 30, 2023 or 2022.

Park repurchased an aggregate of 50,000 and 199,000 common shares during the three months and the nine months ended September 30, 2023, respectively, to fund the PBRSUs, the TBRSUs and the common shares to be awarded to directors of Park and to directors of Park's subsidiary PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations. No common shares were repurchased during the three months or the nine months ended September 30, 2022.

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Segment Information

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

The Corporation is a financial holding company headquartered in Newark, Ohio. The reportable segments for the Corporation are its chartered national bank subsidiary, PNB (headquartered in Newark, Ohio) and "All Other", which primarily consists of Park as the "Parent Company", GFSC and SEPH.

Management is required to disclose information about the different types of business activities in which a company engages and also information on the different economic environments in which a company operates, so that the users of the financial statements can better understand the company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park has two reportable segments, as: (i) discrete financial

information is available for these reportable segments and (ii) the segments are aligned with internal reporting to Park’s Chief Executive Officer, who is the chief operating decision-maker.

	Operating Results for the three months ended September 30, 2023
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	96,078	$	(1,809)	$	94,269
Recovery of credit losses	(1,538)		(42)		(1,580)
Other income (loss)	27,888		(175)		27,713
Other expense	74,623		3,185		77,808
Income (loss) before income taxes	$	50,881	$	(5,127)	$	45,754
Income tax expense (benefit)	10,093		(1,256)		8,837
Net income (loss)	$	40,788	$	(3,871)	$	36,917
Assets (at September 30, 2023)	$	9,959,528	$	41,386	$	10,000,914

 

	Operating Results for the three months ended September 30, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	92,035	$	(1,207)	$	90,828
Provision for (recovery of) credit losses	3,235		(45)		3,190
Other income	28,918		17,776		46,694
Other expense	79,070		3,833		82,903
Income before income taxes	$	38,648	$	12,781	$	51,429
Income tax expense	7,133		2,228		9,361
Net income	$	31,515	$	10,553	$	42,068
Assets (at September 30, 2022)	$	9,816,644	$	38,403	$	9,855,047

	Operating Results for the nine months ended September 30, 2023
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	283,216	$	(5,177)	$	278,039
Provision for (recovery of) credit losses	1,901		(806)		1,095
Other income (loss)	77,241		(126)		77,115
Other expense	220,741		9,455		230,196
Income (loss) before income taxes	$	137,815	$	(13,952)	$	123,863
Income tax expense (benefit)	25,273		(3,644)		21,629
Net income (loss)	$	112,542	$	(10,308)	$	102,234

	Operating Results for the nine months ended September 30, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	254,818	$	(2,365)	$	252,453
Provision for (recovery of) credit losses	2,045		(469)		1,576
Other income	89,420		20,123		109,543
Other expense	209,500		10,824		220,324
Income before income taxes	$	132,693	$	7,403	$	140,096
Income tax expense	24,770		59		24,829
Net income	$	107,923	$	7,344	$	115,267

The operating results in the “All Other” column are used to reconcile the segment totals to the Consolidated Condensed Statements of Income for the three-month and the nine-month periods ended September 30, 2023 and 2022. The reconciling amounts for consolidated total assets for the periods ended September 30, 2023 and 2022 consisted of the elimination of intersegment borrowings and the assets of the Parent Company, GFSC and SEPH which were not eliminated.

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Share Based Compensation

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Share Based Compensation

Share-Based Compensation

The Park National Corporation 2017 Long-Term Incentive Plan for Employees (the "2017 Employees LTIP") was adopted by the Board of Directors of Park on January 23, 2017 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 24, 2017. The 2017 Employees LTIP makes equity-based awards and cash-based awards available for grant to employee participants in the form of incentive stock options, nonqualified stock options, stock appreciation rights ("SARs"), restricted stock, restricted stock units, other stock-based awards and cash-based awards. Under the 2017 Employees LTIP, 750,000 common shares are authorized to be delivered in connection with grants under the 2017 Employees LTIP. The common shares to be delivered under the 2017 Employees LTIP are to consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. At September 30, 2023, 320,302 common shares were available for future grants under the 2017 Employees LTIP.

The Park National Corporation 2017 Long-Term Incentive Plan for Non-Employee Directors (the "2017 Non-Employee Directors LTIP") was adopted by the Board of Directors of Park on January 23, 2017 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 24, 2017. The 2017 Non-Employee Directors LTIP makes equity-based awards and cash-based awards available for grant to non-employee director participants in the form of nonqualified stock options, SARs, restricted stock, restricted stock units, other stock-based awards, and cash-based awards. Under the 2017 Non-Employee Directors LTIP, 150,000 common shares are authorized to be delivered in connection with grants under the 2017 Non-Employee Directors LTIP. The common shares to be delivered under the 2017 Non-Employee Directors LTIP are to consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. At September 30, 2023, 75,000 common shares were available for future grants under the 2017 Non-Employee Directors LTIP.

During the nine months ended September 30, 2023 and 2022, the Compensation Committee of the Board of Directors of Park granted awards of PBRSUs, under the 2017 Employees LTIP, covering an aggregate of 54,698 common shares and 52,335 common shares, respectively, to certain employees of Park and its subsidiaries. No awards were granted during either of the three months ended September 30, 2023 or 2022.

At September 30, 2023, Park reported 187,461 nonvested PBRSUs. The number of PBRSUs earned or settled will depend on the level of achievement with respect to certain performance criteria over a three-year period. The PBRSUs are also subject to subsequent service-based vesting.

A summary of changes in the common shares subject to nonvested PBRSUs for the nine months ended September 30, 2023 follows:

	Common shares subject to PBRSUs
Nonvested at January 1, 2023	199,650
Granted	54,698
Vested	(62,815)
Forfeited	(4,072)
Adjustment for performance conditions of PBRSUs (1)	—
Nonvested at September 30, 2023 (2)	187,461

(1) The number of PBRSUs earned depends on the level of achievement with respect to certain performance criteria. Adjustment herein, if any, represents the difference between the maximum number of common shares which could be earned and the actual number earned for those PBRSUs as to which the performance period was completed.

(2) Nonvested amount herein represents the maximum number of nonvested PBRSUs. As of September 30, 2023, an aggregate of 182,647 PBRSUs were expected to vest.

A summary of awards vested during the three months and the nine months ended September 30, 2023 and 2022 follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
PBRSUs and TBRSUs vested	—	7,049	62,815	55,464
Common shares withheld to satisfy employee income tax withholding obligations	—	2,559	23,973	21,217
Net common shares issued	—	4,490	38,842	34,247

Share-based compensation expense of $1.3 million and $1.4 million was recognized for the three-month periods ended September 30, 2023 and 2022, respectively, and share-based compensation expense of $5.4 million and $4.8 million was recognized for the nine-month periods ended September 30, 2023 and 2022, respectively.

The following table details expected additional share-based compensation expense related to PBRSUs outstanding at September 30, 2023:

(In thousands)
Three months ending December 31, 2023	$	1,341
2024	4,337
2025	2,838
2026	1,184
2027	190
Total	$	9,890

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Benefit Plan

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Benefit Plan

Benefit Plans

Park has a noncontributory defined benefit pension plan (the "Pension Plan") covering substantially all of its employees. The Pension Plan provides benefits based on an employee’s years of service and compensation.

There were no Pension Plan contributions for any of the three-month or the nine-month periods ended September 30, 2023 and 2022. Additionally, no contributions are expected to be made during the remainder of 2023.

The following table shows the components of net periodic pension benefit income:

	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022		2023		2022
Service cost	$	1,559	$	2,437	$	4,677	$	7,311	Employee benefits
Interest cost	1,631		1,426		4,893		4,278		Other components of net periodic pension benefit income
Expected return on plan assets	(3,536)		(4,449)		(10,608)		(13,347)		Other components of net periodic pension benefit income
Recognized prior service cost (credit)	12		(4)		36		(12)		Other components of net periodic pension benefit income
Net periodic pension benefit income	$	(334)	$	(590)	$	(1,002)	$	(1,770)

Park has entered into Supplemental Executive Retirement Plan Agreements (the “SERP Agreements”) with certain key officers of Park and its subsidiaries which provide defined pension benefits in excess of limits imposed by federal tax law. The expense

for the Corporation related to the SERP Agreements for the three months and the nine months ended September 30, 2023 and 2022 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022		2023		2022
Service cost	$	234	$	212	$	702	$	637	Employee benefits
Interest cost	176		183		527		549		Miscellaneous expense
Total SERP expense	$	410	$	395	$	1,229	$	1,186

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Fair Value

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value

Fair Value

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows:

•Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date.

•Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of “matrix pricing” to value debt securities absent the exclusive use of quoted prices.

•Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of individually evaluated collateral dependent loans is typically based on the fair value of the underlying collateral, which is estimated through third-party appraisals in accordance with Park's valuation requirements under its commercial and real estate loan policies.

Assets and Liabilities Measured at Fair Value on a Recurring Basis:

The following table presents assets and liabilities measured at fair value on a recurring basis:

 

Fair Value Measurements at September 30, 2023 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2023
Assets
Investment securities:
Obligations of U.S. Government sponsored entities	$	—	$	37,300	$	—	$	37,300
Obligations of states and political subdivisions	—		389,097		—		389,097
U.S. Government sponsored entities’ asset-backed securities	—		640,282		—		640,282
Collateralized loan obligations	—		524,891		—		524,891
Corporate debt securities	—		11,460		6,126		17,586
Equity securities	2,328		—		466		2,794
Mortgage loans held for sale	—		2,866		—		2,866
Mortgage IRLCs	—		30		—		30
Loan interest rate swaps	—		1,719		—		1,719
Liabilities
Fair value swap	$	—	$	—	$	123	$	123
Loan interest rate swaps	—		1,719		—		1,719

 

Fair Value Measurements at December 31, 2022 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2022
Assets
Investment securities:
Obligations of U.S. Government sponsored entities	$	—	$	37,213	$	—	$	37,213
Obligations of states and political subdivisions	—		406,711		—		406,711
U.S. Government sponsored entities’ asset-backed securities	—		756,761		—		756,761
Collateralized loan obligations	—		516,539		—		516,539
Corporate debt securities	—		9,472		7,000		16,472
Equity securities	1,420		—		439		1,859
Mortgage loans held for sale	—		2,149		—		2,149
Mortgage IRLCs	—		46		—		46
Loan interest rate swaps	—		1,508		—		1,508
Liabilities
Fair value swap	$	—	$	—	$	243	$	243
Loan interest rate swaps	—		1,508		—		1,508

The following methods and assumptions were used by the Company in determining the fair value of the financial assets and financial liabilities discussed above:

Interest rate swaps:  The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date (Level 2).

Investment securities: Fair values for investment securities are based on quoted market prices, where available (Level 1). If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows (Level 3).

Fair value swap: The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses and is classified as Level 3.

Mortgage interest rate lock commitments: Mortgage IRLCs are based on current secondary market pricing and are classified as Level 2.

Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using market prices for similar product types and, therefore, are classified in Level 2.

The following tables present a reconciliation of the beginning and ending balances of the Level 3 inputs for the three-month and the nine-month periods ended September 30, 2023 and 2022, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements
Three months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at July 1, 2023	$	6,116	$	455	$	(296)
Transfer into (out of) level 3, net	—		—		—
Total (losses) / gains
Included in other income / other expense	—		11		—
Included in other comprehensive income	10		—		—
Purchases, sales, issuances and settlements, other, net	—		—		173
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at July 1, 2022	$	—	$	491	$	(447)
Total losses
Included in other income / other expense	—		(22)		—
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Level 3 Fair Value Measurements
Nine months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at January 1, 2023	$	7,000	$	439	$	(243)
Transfers into (out of) level 3, net	11		—		—
Total (losses) / gains
Included in other income / other (expense)	—		27		(175)
Included in other comprehensive income	(885)		—		—
Purchases, sales, issuances and settlements, other, net	—		—		295
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at January 1, 2022	$	—	$	499	$	(226)
Total losses
Included in other income / other (expense)	—		(30)		(221)
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis:

The following methods and assumptions were used by the Company in determining the fair value of assets and liabilities measured at fair value on a nonrecurring basis as described below:

Individually evaluated collateral dependent loans: When a loan is individually evaluated, it is valued at the lower of cost or fair value. Collateral dependent loans which are individually evaluated and carried at fair value have been partially charged off or receive specific allocations of the allowance for credit losses. For collateral dependent loans, fair value is generally based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and the client’s business, resulting in a Level 3 fair value classification. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Additionally, valuations for all collateral dependent loans are updated annually, either through independent valuations by a licensed appraiser or a verification of value ("VOV") performed by an internal licensed appraiser, in accordance with Company policy. A VOV can only be used in select circumstances and verifies that the original appraised value has not deteriorated through property inspection, consideration of market conditions, and performance of all valuation methods utilized in a prior valuation.

After the adoption of ASU 2022-02 on January 1, 2023, loans individually evaluated for impairment include all internally classified commercial nonaccrual loans. Prior to the adoption of ASU 2022-02, loans individually evaluated for impairment included all internally classified commercial nonaccrual loans and accruing TDRs.

OREO: Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Fair value is based on recent real estate appraisals and is updated at least annually. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value.

Appraisals for both individually evaluated collateral dependent loans and OREO are performed by licensed appraisers. Appraisals are generally obtained to support the fair value of collateral. In general, there are three types of appraisals received by the Company: real estate appraisals, income approach appraisals, and lot development loan appraisals. These are discussed below:

•Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales prices of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 15% discount to real estate appraised values which management expects will cover all disposition costs (including selling costs). This 15% discount is based on historical discounts to appraised values on sold OREO properties.

•Income approach appraisals typically incorporate the annual net operating income of the business divided by an appropriate capitalization rate, as determined by the appraiser. Management generally applies a 15% discount to income approach appraised values which management expects will cover all disposition costs (including selling costs).

•Lot development loan appraisals are typically performed using a discounted cash flow analysis. Appraisers determine an anticipated absorption period and a discount rate that takes into account an investor’s required rate of return based on recent comparable sales. Management generally applies a 6% discount to lot development appraised values, which is an additional discount above the net present value calculation included in the appraisal, to account for selling costs.

MSRs: MSRs are carried at the lower of cost or fair value. MSRs do not trade in active, open markets with readily observable prices. For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available. As such, management, with the assistance of a third-party specialist, determines fair value based on the discounted value of the future cash flows estimated to be received. Significant inputs include the discount rate and assumed prepayment speeds. The calculated fair value is then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified as Level 2.

The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Individually evaluated collateral dependent loans secured by real estate are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. At September 30, 2023 and December 31, 2022, there were no PCD loans carried at fair value. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken with respect to the property's value subsequent to the initial measurement.

At September 30, 2023 and December 31, 2022, there were no OREO properties held by Park that were carried at fair value due to fair value adjustments made subsequent to the initial OREO measurement.

Fair Value Measurements at September 30, 2023 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2023
Individually evaluated collateral dependent loans recorded at fair value:
Commercial real estate	$	—	$	—	$	2,289	$	2,289
Construction real estate	—		—		455		455
Residential real estate	—		—		186		186
Total individually evaluated collateral dependent loans recorded at fair value	$	—	$	—	$	2,930	$	2,930
MSRs	$	—	$	872	$	—	$	872

Fair Value Measurements at December 31, 2022 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2022
Individually evaluated collateral dependent loans recorded at fair value:
Commercial real estate	$	—	$	—	$	5,573	$	5,573
Residential real estate	—		—		200		200
Total individually evaluated collateral dependent loans recorded at fair value	$	—	$	—	$	5,773	$	5,773
MSRs	$	—	$	1,717	$	—	$	1,717

The table below provides additional detail on those individually evaluated loans which are recorded at fair value as well as the remaining individually evaluated loan portfolio not included above. The remaining individually evaluated loans consist of 1) loans which are not collateral dependent, 2) loans which are not secured by real estate, and 3) loans carried at cost as the fair value of the underlying collateral or the present value of expected future cash flows on each of the loans exceeded the book value for each respective credit.

	September 30, 2023
(In thousands)	Loan Balance		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Total individually evaluated collateral dependent loans recorded at fair value	$	3,230	$	1,824	$	300	$	2,930
Remaining individually evaluated loans	37,609		244		3,122		34,487
Total individually evaluated loans	$	40,839	$	2,068	$	3,422	$	37,417

	December 31, 2022
(In thousands)	Loan Balance		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Total individually evaluated collateral dependent loans recorded at fair value	$	5,903	$	1,523	$	130	$	5,773
Remaining individually evaluated loans	72,438		252		3,436		69,002
Total individually evaluated loans	$	78,341	$	1,775	$	3,566	$	74,775

The (expense) income from credit adjustments related to individually evaluated loans carried at fair value was $(0.3) million and $7,000 for the three-month periods ended September 30, 2023 and 2022, respectively, and was $(0.9) million and $(1.0) million for the nine-month periods ended September 30, 2023 and 2022, respectively.

MSRs totaled $15.0 million at September 30, 2023. Of this $15.0 million MSR carrying balance, $0.9 million were recorded at fair value and included a valuation allowance of $85,000. The remaining $14.1 million were recorded at cost, as the fair value exceeded cost at September 30, 2023. At December 31, 2022, MSRs totaled $15.8 million. Of this $15.8 million MSR carrying balance, $1.7 million were recorded at fair value and included a valuation allowance of $182,000. The remaining $14.1 million were recorded at cost, as the fair value exceeded cost at December 31, 2022. The income related to MSRs carried at fair value during the three-month periods ended September 30, 2023 and September 30, 2022 was $16,000 and $59,000, respectively, and was $97,000 and $1.4 million for the nine-month periods ended September 30, 2023 and 2022, respectively.

The following tables present qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2023 and December 31, 2022:

September 30, 2023
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Individually evaluated collateral dependent loans:
Commercial real estate	$	2,289	Sales comparison approach	Adj to comparables	0.0% - 202.0% (25.2%)
			Income approach	Capitalization rate	7.3% - 8.5% (7.8%)
Construction real estate	$	455	Sales comparison approach	Adj to comparables	0.0% - 20.0% (10.0%)
			Income approach	Capitalization rate	7.3% (7.3%)
Residential real estate	$	186	Sales comparison approach	Adj to comparables	1.2% - 78.6% (7.7%)

December 31, 2022
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Individually evaluated collateral dependent loans:
Commercial real estate	$	5,573	Sales comparison approach	Adj to comparables	0.0% - 202.0% (19.4%)
			Income approach	Capitalization rate	7.0% - 10.0% (7.9%)
			Cost approach	Entrepreneurial profit	10.0% - 12.0% (11.4%)
			Cost approach	Accumulated depreciation	38.8% (38.8%)
Residential real estate	$	200	Sales comparison approach	Adj to comparables	1.9% - 119.8% (17.4%)

Assets Measured at Net Asset Value:

Park's portfolio of Partnership Investments is valued using the NAV practical expedient in accordance with ASC 820.

At September 30, 2023 and at December 31, 2022, Park had Partnership Investments with a NAV of $26.7 million and $24.4 million, respectively. At September 30, 2023 and at December 31, 2022, Park had $19.4 million and $20.3 million, respectively, in unfunded commitments related to these Partnership Investments. For the three-month periods ended September 30, 2023 and 2022, Park recognized income of $924,000 and $97,000, respectively, and for the nine-month periods ended September 30, 2023 and 2022, recognized income of $683,000 and $2.6 million, respectively, related to these Partnership Investments.

The fair value of certain financial instruments at September 30, 2023 and at December 31, 2022, was as follows:

	September 30, 2023
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	223,618	$	223,618	$	—	$	—	$	223,618
Investment securities (1)	1,609,156		—		1,603,030		6,126		1,609,156
Other investment securities (2)	2,794		2,328		—		466		2,794
Mortgage loans held for sale	2,866		—		2,866		—		2,866
Mortgage IRLCs	30		—		30		—		30
Individually evaluated loans carried at fair value	2,930		—		—		2,930		2,930
Other loans, net	7,259,317		—		—		7,086,524		7,086,524
Loans receivable, net	$	7,265,143	$	—	$	2,896	$	7,089,454	$	7,092,350
Financial liabilities:
Time deposits	$	603,165	$	—	$	601,491	$	—	$	601,491
Other	4,896		4,896		—		—		4,896
Deposits (excluding demand deposits)	$	608,061	$	4,896	$	601,491	$	—	$	606,387
Short-term borrowings	$	352,786	$	—	$	352,786	$	—	$	352,786
Subordinated notes	189,025		—		176,506		—		176,506
Derivative financial instruments - assets:
Loan interest rate swaps	$	1,719	$	—	$	1,719	$	—	$	1,719
Derivative financial instruments - liabilities:
Fair value swap	$	123	$	—	$	—	$	123	$	123
Loan interest rate swaps	1,719		—		1,719		—		1,719

(1) Includes debt securities AFS.

(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.

	December 31, 2022
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	189,728	$	189,728	$	—	$	—	$	189,728
Investment securities (1)	1,733,696		—		1,726,696		7,000		1,733,696
Other investment securities (2)	1,859		1,420		—		439		1,859
Mortgage loans held for sale	2,149		—		2,149		—		2,149
Mortgage IRLCs	46		—		46		—		46
Individually evaluated loans carried at fair value	5,773		—		—		5,773		5,773
Other loans, net	7,048,544		—		—		6,918,326		6,918,326
Loans receivable, net	$	7,056,512	$	—	$	2,195	$	6,924,099	$	6,926,294
Financial liabilities:
Time deposits	$	554,445	$	—	$	552,443	—		$	552,443
Other	1,325		1,325		—		—		1,325
Deposits (excluding demand deposits)	$	555,770	$	1,325	$	552,443	$	—	$	553,768
Short-term borrowings	$	227,342	$	—	$	227,342	$	—	$	227,342
Subordinated notes	188,667		—		177,928		—		177,928
Derivative financial instruments - assets:
Loan interest rate swaps	$	1,508	$	—	$	1,508	$	—	$	1,508
Derivative financial instruments - liabilities:
Fair value swap	$	243	$	—	$	—	$	243	$	243
Loan interest rate swaps	1,508		—		1,508		—		1,508

(1) Includes debt securities AFS.

(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.

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Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

All of Park's revenue from contracts with customers within the scope of ASC 606 is recognized within "Other income" in the Consolidated Condensed Statements of Income.

The following tables present the Corporation's sources of other income by revenue stream and operating segment for the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022:

	Three Months Ended September 30, 2023
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	2,593	$	—	$	2,593
Employee benefit and retirement-related accounts	2,568		—		2,568
Investment management and investment advisory agency accounts	3,407		—		3,407
Other	532		—		532
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	943		—		943
Demand deposit account (DDA) charges	1,060		—		1,060
Other	106		—		106
Other service income (1)
Credit card	719		—		719
HELOC	100		—		100
Installment	39		—		39
Real estate	1,497		—		1,497
Commercial	260		—		260
Debit card fee income	6,652		—		6,652
Bank owned life insurance income (2)	1,394		54		1,448
ATM fees	575		—		575
Loss on sale of OREO, net	(6)		—		(6)
OREO valuation markup	—		—		—
Gain (loss) on equity securities, net (2)	1,264		(266)		998
Other components of net periodic pension benefit income (2)	1,857		36		1,893
Miscellaneous (3)	2,328		1		2,329
Total other income	$	27,888	$	(175)	$	27,713

(1) Of the $2.6 million of aggregate revenue included within "Other service income", approximately $1.3 million was within the scope of ASC 606, with the remaining $1.3 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $2.3 million, all of which were within the scope of ASC 606.

	Three Months Ended September 30, 2022
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	2,411	$	—	$	2,411
Employee benefit and retirement-related accounts	2,353		—		2,353
Investment management and investment advisory agency accounts	3,000		—		3,000
Other	452		—		452
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	1,722		—		1,722
Demand deposit account (DDA) charges	996		—		996
Other	141		—		141
Other service income (1)
Credit card	734		—		734
HELOC	103		—		103
Installment	40		—		40
Real estate	1,692		—		1,692
Commercial	384		3		387
Debit card fee income	6,514		—		6,514
Bank owned life insurance income (2)	1,133		52		1,185
ATM fees	610		—		610
Gain on sale of OREO, net	—		5,607		5,607
OREO valuation markup	—		12,009		12,009
Gain on equity securities, net (2)	25		33		58
Other components of net periodic pension benefit income (2)	2,955		72		3,027
Miscellaneous (3)	3,653		—		3,653
Total other income	$	28,918	$	17,776	$	46,694

(1) Of the $3.0 million of aggregate revenue included within "Other service income", approximately $1.4 million was within the scope of ASC 606, with the remaining $1.6 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $3.7 million, all of which were within the scope of ASC 606.

	Nine Months Ended September 30, 2023
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	7,668	$	—	$	7,668
Employee benefit and retirement-related accounts	7,507		—		7,507
Investment management and investment advisory agency accounts	9,842		—		9,842
Other	1,514		—		1,514
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	2,864		—		2,864
Demand deposit account (DDA) charges	3,167		—		3,167
Other	360		—		360
Other service income (1)
Credit card	2,132		—		2,132
HELOC	297		—		297
Installment	123		—		123
Real estate	4,462		—		4,462
Commercial	802		135		937
Debit card fee income	19,939		—		19,939
Bank owned life insurance income (2)	3,807		158		3,965
ATM fees	1,661		—		1,661
Loss on sale of OREO, net	(3)		—		(3)
OREO valuation markup	15		—		15
Gain (loss) on equity securities, net (2)	1,146		(528)		618
Other components of net periodic pension benefit income (2)	5,571		108		5,679
Miscellaneous (3)	4,367		1		4,368
Total other income	$	77,241	$	(126)	$	77,115

(1) Of the $8.0 million of aggregate revenue included within "Other service income", approximately $4.1 million was within the scope of ASC 606, with the remaining $3.9 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $4.4 million, all of which were within the scope of ASC 606.

	Nine Months Ended September 30, 2022
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	7,681	$	—	$	7,681
Employee benefit and retirement-related accounts	7,384		—		7,384
Investment management and investment advisory agency accounts	9,403		—		9,403
Other	1,404		—		1,404
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	4,658		—		4,658
Demand deposit account (DDA) charges	2,425		—		2,425
Other	413		—		413
Other service income (1)
Credit card	2,091		—		2,091
HELOC	297		—		297
Installment	128		—		128
Real estate	8,685		—		8,685
Commercial	1,039		475		1,514
Debit card fee income	19,371		—		19,371
Bank owned life insurance income (2)	3,356		1,378		4,734
ATM fees	1,725		—		1,725
Gain on sale of OREO, net	4		5,607		5,611
OREO valuation markup	30		12,009		12,039
Gain on equity securities, net (2)	2,285		835		3,120
Other components of net periodic pension benefit income (2)	8,864		217		9,081
Miscellaneous (3)	8,177		(398)		7,779
Total other income	$	89,420	$	20,123	$	109,543

(1) Of the $12.7 million of aggregate revenue included within "Other service income", approximately $4.3 million was within the scope of ASC 606, with the remaining $8.4 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $7.8 million, all of which were within the scope of ASC 606.

A description of Park's material revenue streams accounted for under ASC 606 follows:

Income from fiduciary activities (gross): Park earns fiduciary fee income and investment brokerage fees from its contracts with trust customers for various fiduciary and investment-related services. These fees are earned over time as the Company provides the contracted monthly and quarterly services and are generally assessed based on the market value of the trust assets.

Service charges on deposit accounts and ATM fees: The Corporation earns fees from the Corporation's deposit customers for transaction-based, account maintenance, and overdraft services. Fees for transaction-based services, which include services such as ATM use fees, stop payment charges, statement rendering fees, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are generally recognized at the end of the month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Other service income: Other service income includes income from (1) the sale and servicing of loans sold to the secondary market, (2) incentive income from third-party credit card issuers, and (3) loan customers for various loan-related activities and services. Income related to the sale and servicing of loans sold to the secondary market is included within "Other service income", but is not within the scope of ASC 606. Services that fall within the scope of ASC 606 are recognized as revenue when the Company satisfies the Company's performance obligation to the customer.

Debit card fee income: Park earns interchange fees from debit cardholder transactions conducted primarily through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, net of card network fees, concurrently with the transaction processing services provided to the cardholder.

Gain or loss on sale of OREO, net: The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of delivery of an executed deed. When Park finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the buyer's obligation under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.

OREO valuation markup: The Corporation records an OREO valuation markup immediately prior to the transfer of a loan to OREO when the fair market value of the property less costs to sell exceeds the principal balance of the loan.

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 36,917	$ 42,068	$ 102,234	$ 115,267

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Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Insider Trading Policies and Procedures	9 Months Ended
	Sep. 30, 2023
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Not Adopted	During the three months (the quarterly period) ended September 30, 2023, no director and no officer of Park (as defined in Rule 16a-1(f) under the Exchange Act) of Park adopted, modified, or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of SEC Regulation S-K.

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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule Of Investment Securities

Investment securities at September 30, 2023 and at December 31, 2022, were as follows:

Debt securities AFS (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Fair Value
September 30, 2023:
Obligations of U.S. Government sponsored entities	$	39,000	$	—	$	1,700	$	37,300
Obligations of states and political subdivisions	420,590		17		31,510		389,097
U.S. Government sponsored entities' asset-backed securities	735,317		—		95,035		640,282
Collateralized loan obligations	532,030		—		7,139		524,891
Corporate debt securities	20,459		—		2,873		17,586
Total	$	1,747,396	$	17	$	138,257	$	1,609,156

 

Debt securities AFS (In thousands)	Amortized Cost		Gross Unrealized Holding  Gains		Gross Unrealized Holding  Losses		Fair Value
December 31, 2022:
Obligations of U.S. Government sponsored entities	$	39,000	$	—	$	1,787	$	37,213
Obligations of states and political subdivisions	423,285		1,620		18,194		406,711
U.S. Government sponsored entities' asset-backed securities	839,399		—		82,638		756,761
Collateralized loan obligations	535,518		—		18,979		516,539
Corporate debt securities	17,650		—		1,178		16,472
Total	$	1,854,852	$	1,620	$	122,776	$	1,733,696

Schedule Of Unrealized Loss On Securities

Investment securities in an unrealized loss position at September 30, 2023, were as follows:

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Debt securities AFS:
Obligations of U.S. Government sponsored entities	$	—	$	—	$	37,300	$	1,700	$	37,300	$	1,700
Obligations of states and political subdivisions	277,975		8,626		93,969		22,884		371,944		31,510
U.S. Government sponsored entities' asset-backed securities	1,171		22		639,111		95,013		640,282		95,035
Collateralized loan obligations	—		—		524,891		7,139		524,891		7,139
Corporate debt securities	9,299		910		8,287		1,963		17,586		2,873
Total	$	288,445	$	9,558	$	1,303,558	$	128,699	$	1,592,003	$	138,257

 Investment securities in an unrealized loss position at December 31, 2022, were as follows:

 

	Unrealized loss position for less than 12 months				Unrealized loss position for 12 months or longer				Total
(In thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Debt securities AFS:
Obligations of U.S. Government sponsored entities	$	37,213	$	1,787	$	—	$	—	$	37,213	$	1,787
Obligations of states and political subdivisions	270,905		18,194		—		—		270,905		18,194
U.S. Government sponsored entities' asset-backed securities	446,423		27,507		310,338		55,131		756,761		82,638
Collateralized loan obligations	415,491		15,446		101,048		3,533		516,539		18,979
Corporate debt securities	7,388		862		1,684		316		9,072		1,178
Total	$	1,177,420	$	63,796	$	413,070	$	58,980	$	1,590,490	$	122,776

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of investments in debt securities AFS at September 30, 2023, are shown in the following table by contractual maturity, except for asset-backed securities and collateral loan obligations, which are shown as a single total due to the unpredictability of the timing of principal repayments. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

(In thousands)	Amortized cost		Fair value		Tax equivalent yield (1)
Debt Securities AFS
Obligations of U.S. Treasury and other U.S. Government sponsored entities
Due one through five years	$	39,000	$	37,300	2.37	%
Obligations of state and political subdivisions:
Due one through five years	$	2,262	$	2,231	2.97	%
Due five through ten years	276,900		269,945		3.69	%
Due over ten years	141,428		116,921		3.10	%
Total (1)	$	420,590	$	389,097	3.49	%
U.S. Government sponsored entities' asset-backed securities	$	735,317	$	640,282	1.89	%
Collateralized loan obligations	$	532,030	$	524,891	7.31	%
Corporate debt securities
Due one through five years	$	2,809	$	2,794	10.41	%
Due five through ten years	17,650		14,792		3.89	%
Total	$	20,459	$	17,586	4.79	%

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Other Investment Securities (Tables)

9 Months Ended

Sep. 30, 2023

Other Investment Securities [Abstract]

Schedule Of Other Investment Securities

The carrying amounts of other investment securities at September 30, 2023 and December 31, 2022 were as follows:

 

(In thousands)	September 30, 2023		December 31, 2022
FHLB stock	$	20,229	$	11,197
FRB stock	14,653		14,653
Equity investments carried at fair value	2,794		1,859
Equity investments carried at modified cost (1)	15,921		14,725
Equity investments carried at NAV	46,074		44,657
Total other investment securities	$	99,671	$	87,091

(1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. An upward adjustment of $871,000 was recorded during the nine months ended September 30, 2022 as a result of observable price changes. There were no adjustments recorded during the three months ended September 30, 2022. There were no adjustments recorded during the three months or the nine months ended September 30, 2023 as a result of observable price changes.

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Loans (Tables)

9 Months Ended

Sep. 30, 2023

Loans and Leases Receivable Disclosure [Line Items]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio at September 30, 2023 and at December 31, 2022 was as follows:

 

	September 30, 2023		December 31, 2022
(In thousands)	Amortized Cost		Amortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)	$	1,283,485	$	1,295,238
PPP loans	2,427		4,206
Overdrafts	3,109		1,489
Commercial real estate (1)	1,833,400		1,794,054
Construction real estate:
Commercial	182,992		208,982
Retail	105,934		116,433
Residential real estate:
Commercial	583,251		550,183
Mortgage	1,185,544		1,075,446
HELOC	173,256		167,151
Installment	5,295		4,091
Consumer:
Consumer	1,970,570		1,902,831
Check loans	2,053		2,150
Leases	18,429		19,637
Total	$	7,349,745	$	7,141,891
Allowance for credit losses	(84,602)		(85,379)
Net loans	$	7,265,143	$	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 September 30, 2023.

 

	September 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	$	17,336	$	—	$	17,336
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	19,899		—		19,899
Construction real estate:
Commercial	1,124		—		1,124
Retail	—		—		—
Residential real estate:
Commercial	2,237		—		2,237
Mortgage	10,935		139		11,074
HELOC	957		—		957
Installment	35		—		35
Consumer:
Consumer	2,133		488		2,621
Check loans	—		—		—
Leases	352		—		352
Total loans	$	55,008	$	627	$	55,635

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 Accruing		Total Nonperforming Loans
Commercial, financial and agricultural
Commercial, financial and agricultural	$	38,158	$	3,261	$	—	$	41,419
PPP loans	—		—		389		389
Overdrafts	—		—		—		—
Commercial real estate	24,504		7,919		—		32,423
Construction real estate:
Commercial	1,712		—		—		1,712
Retail	1,254		12		—		1,266
Residential real estate:
Commercial	1,894		298		—		2,192
Mortgage	9,260		6,750		182		16,192
HELOC	1,133		187		7		1,327
Installment	51		1,037		—		1,088
Consumer
Consumer	1,022		670		703		2,395
Check loans	—		—		—		—
Leases	708		—		—		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 September 30, 2023 and December 31, 2022:

	September 30, 2023
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	8,121	$	9,215	$	3,132
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	18,411		1,488		205
Construction real estate:
Commercial	575		549		94
Retail	—		—		—
Residential real estate:
Commercial	2,237		—		—
Mortgage	—		10,935		96
HELOC	—		957		25
Installment	—		35		18
Consumer
Consumer	—		2,133		615
Check loans	—		—		—
Leases	352		—		—
Total loans	$	29,696	$	25,312	$	4,185

	December 31, 2022
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	28,291	$	9,867	$	3,440
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	22,965		1,539		130
Construction real estate:
Commercial	1,712		—		—
Retail	—		1,254		19
Residential real estate:
Commercial	1,894		—		—
Mortgage	—		9,260		85
HELOC	—		1,133		191
Installment	—		51		17
Consumer
Consumer	—		1,022		284
Check loans	—		—		—
Leases	680		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, at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,110	$	4,719	$	4,470	$	17,299
Commercial real estate	22,643		21		—		22,664
Construction real estate:
Commercial	1,761		—		—		1,761
Residential real estate:
Commercial	2,491		—		—		2,491
Mortgage	79		—		—		79
Leases	—		352		—		352
Total loans	$	35,084	$	5,092	$	4,470	$	44,646

	December 31, 2022
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,242	$	7,788	$	23,125	$	39,155
Commercial real estate	35,908		28		—		35,936
Construction real estate:
Commercial	2,372		—		—		2,372
Residential real estate:
Commercial	2,479		—		—		2,479
Mortgage	90		—		—		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 nine-month periods ended September 30, 2023 and 2022:

	Interest Income Recognized
(In thousands)	Three Months Ended September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	253	$	15	$	1,580	$	45
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	177		237		537		751
Construction real estate:
Commercial	5		6		59		10
Retail	—		—		—		4
Residential real estate:
Commercial	37		24		100		64
Mortgage	58		43		160		112
HELOC	1		5		16		11
Installment	1		1		3		3
Consumer:
Consumer	25		15		65		46
Check loans	—		—		—		—
Leases	—		9		—		33
Total loans	$	557	$	355	$	2,520	$	1,079

Financing Receivable, Past Due

The following tables present the aging of the amortized cost in past due loans at September 30, 2023 and at December 31, 2022 by class of loan:

	September 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	$	324	$	12,151	$	12,475	$	1,271,010	$	1,283,485
PPP loans	—		—		—		2,427		2,427
Overdrafts	—		—		—		3,109		3,109
Commercial real estate	206		2,322		2,528		1,830,872		1,833,400
Construction real estate:
Commercial	—		549		549		182,443		182,992
Retail	8		—		8		105,926		105,934
Residential real estate:
Commercial	54		219		273		582,978		583,251
Mortgage	7,584		5,386		12,970		1,172,574		1,185,544
HELOC	655		699		1,354		171,902		173,256
Installment	19		—		19		5,276		5,295
Consumer:
Consumer	6,732		838		7,570		1,963,000		1,970,570
Check loans	4		—		4		2,049		2,053
Leases	—		—		—		18,429		18,429
Total loans	$	15,586	$	22,164	$	37,750	$	7,311,995	$	7,349,745

(1) Includes an aggregate of $0.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $33.5 million of nonaccrual loans which were current with respect 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 loans	155		389		544		3,662		4,206
Overdrafts	—		—		—		1,489		1,489
Commercial real estate	737		4,738		5,475		1,788,579		1,794,054
Construction real estate:
Commercial	751		—		751		208,231		208,982
Retail	1,035		523		1,558		114,875		116,433
Residential real estate:
Commercial	519		477		996		549,187		550,183
Mortgage	7,630		5,157		12,787		1,062,659		1,075,446
HELOC	832		587		1,419		165,732		167,151
Installment	57		4		61		4,030		4,091
Consumer
Consumer	5,499		964		6,463		1,896,368		1,902,831
Check loans	2		—		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 with respect 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 at September 30, 2023 and at December 31, 2022 are detailed in the tables below. Also included in the table detailing loan balances at September 30, 2023 are gross charge offs for the nine months ended September 30, 2023.

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass	$	157,097	$	162,986	$	136,515	$	116,752	$	45,243	$	48,042	$	567,498	$	1,234,133
Special Mention	125		598		285		242		110		11		28,954		30,325
Substandard	111		191		197		2,530		140		623		6,100		9,892
Doubtful	75		52		42		126		104		7,862		874		9,135
Total	$	157,408	$	163,827	$	137,039	$	119,650	$	45,597	$	56,538	$	603,426	$	1,283,485
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	51	$	—	$	51

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	—	$	—	$	1,014	$	1,413	$	—	$	—	$	—	$	2,427
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	1,014	$	1,413	$	—	$	—	$	—	$	2,427
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate (1)
Risk rating
Pass	$	198,641	$	309,027	$	343,355	$	328,768	$	210,212	$	356,293	$	15,401	$	1,761,697
Special Mention	72		16,984		4,249		4,336		—		24,670		99		50,410
Substandard	1,624		1,137		2,759		3,198		2,590		7,012		1,892		20,212
Doubtful	—		—		740		—		—		341		—		1,081
Total	$	200,337	$	327,148	$	351,103	$	336,302	$	212,802	$	388,316	$	17,392	$	1,833,400
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	530	$	—	$	530

Construction real estate: Commercial
Risk rating
Pass	$	63,281	$	75,994	$	7,581	$	18,474	$	1,897	$	2,806	$	11,198	$	181,231
Special Mention	—		—		—		—		—		—		—		—
Substandard	1,414		270		77		—		—		—		—		1,761
Doubtful	—		—		—		—		—		—		—		—
Total	$	64,695	$	76,264	$	7,658	$	18,474	$	1,897	$	2,806	$	11,198	$	182,992
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Commercial
Risk rating
Pass	$	86,116	$	108,555	$	108,655	$	123,374	$	51,584	$	79,032	$	20,793	$	578,109
Special Mention	—		338		462		607		415		848		—		2,670
Substandard	200		572		333		256		31		890		190		2,472
Doubtful	—		—		—		—		—		—		—		—
Total	$	86,316	$	109,465	$	109,450	$	124,237	$	52,030	$	80,770	$	20,983	$	583,251
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Leases
Risk rating
Pass	$	4,530	$	5,597	$	2,448	$	2,276	$	483	$	843	$	—	$	16,177
Special Mention	665		752		442		27		13		1		—		1,900
Substandard	—		—		—		256		82		14		—		352
Doubtful	—		—		—		—		—		—		—		—
Total	$	5,195	$	6,349	$	2,890	$	2,559	$	578	$	858	$	—	$	18,429
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial Loans
Risk rating
Pass	$	509,665	$	662,159	$	599,568	$	591,057	$	309,419	$	487,016	$	614,890	$	3,773,774
Special Mention	862		18,672		5,438		5,212		538		25,530		29,053		85,305
Substandard	3,349		2,170		3,366		6,240		2,843		8,539		8,182		34,689
Doubtful	75		52		782		126		104		8,203		874		10,216
Total	$	513,951	$	683,053	$	609,154	$	602,635	$	312,904	$	529,288	$	652,999	$	3,903,984
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, 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	$	197,497	$	198,999	$	142,487	$	60,845	$	32,887	$	47,135	$	546,237	$	1,226,087
Special Mention	700		313		918		315		4		35		25,536		27,821
Substandard	1,101		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 Mention	199		3,256		3,388		5,863		16,059		22,220		150		51,135
Substandard	7,856		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
Substandard	652		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
Substandard	610		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, 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	$	7,629	$	3,310	$	3,347	$	1,167	$	981	$	605	$	—	$	17,039
Special Mention	1,085		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 Mention	1,984		4,275		6,145		6,678		16,063		23,880		25,686		84,711
Substandard	10,219		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.

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Overdrafts
Performing	$	3,109	$	—	$	—	$	—	$	—	$	—	$	—	$	3,109
Nonperforming	—		—		—		—		—		—		—		—
Total	$	3,109	$	—	$	—	$	—	$	—	$	—	$	—	$	3,109
Current period gross charge-offs	$	704	$	—	$	—	$	—	$	—	$	—	$	—	$	704

Construction Real Estate: Retail
Performing	$	33,399	$	50,927	$	9,846	$	4,402	$	3,921	$	3,128	$	311	$	105,934
Nonperforming	—		—		—		—		—		—		—		—
Total	$	33,399	$	50,927	$	9,846	$	4,402	$	3,921	$	3,128	$	311	$	105,934
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

September 30, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Mortgage
Performing	$	151,811	$	235,246	$	223,499	$	180,736	$	83,584	$	299,594	$	—	$	1,174,470
Nonperforming	—		976		706		851		423		8,118		—		11,074
Total	$	151,811	$	236,222	$	224,205	$	181,587	$	84,007	$	307,712	$	—	$	1,185,544
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	35	$	—	$	35

Residential Real Estate: HELOC
Performing	$	79	$	181	$	299	$	102	$	242	$	1,975	$	169,421	$	172,299
Nonperforming	—		—		—		—		32		685		240		957
Total	$	79	$	181	$	299	$	102	$	274	$	2,660	$	169,661	$	173,256
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	9	$	—	$	9

Residential Real Estate: Installment
Performing	$	1,692	$	168	$	—	$	4	$	165	$	3,231	$	—	$	5,260
Nonperforming	—		—		—		—		—		35		—		35
Total	$	1,692	$	168	$	—	$	4	$	165	$	3,266	$	—	$	5,295
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer: Consumer
Performing	$	520,059	$	664,029	$	348,910	$	239,729	$	95,045	$	82,256	$	17,921	$	1,967,949
Nonperforming	155		687		730		367		181		497		4		2,621
Total	$	520,214	$	664,716	$	349,640	$	240,096	$	95,226	$	82,753	$	17,925	$	1,970,570
Current period gross charge-offs	$	253	$	2,223	$	1,893	$	635	$	497	$	346	$	3	$	5,850

Consumer: Check loans
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	2,053	$	2,053
Nonperforming	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	2,053	$	2,053
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	34	$	34

Total Consumer Loans
Performing	$	710,149	$	950,551	$	582,554	$	424,973	$	182,957	$	390,184	$	189,706	$	3,431,074
Nonperforming	155		1,663		1,436		1,218		636		9,335		244		14,687
Total	$	710,304	$	952,214	$	583,990	$	426,191	$	183,593	$	399,519	$	189,950	$	3,445,761
Current period gross charge-offs	$	957	$	2,223	$	1,893	$	635	$	497	$	390	$	37	$	6,632

December 31, 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	$	1,489	$	—	$	—	$	—	$	—	$	—	$	—	$	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	$	333,391	$	150,348	$	61,219	$	65,614	$	4,366	$	1,900,436
Nonperforming	440		489		424		365		157		520		—		2,395
Total	$	823,924	$	462,503	$	333,815	$	150,713	$	61,376	$	66,134	$	4,366	$	1,902,831

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 September 30, 2023 that were both experiencing financial difficulty and modified during the three months and the nine months ended September 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 September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	1,920	$	387	$	2,568	$	—	$	4,875	0.38	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		366		—		511		—		877		0.05	%
Construction real estate:
Commercial	—		—		228		—		637		—		865		0.47	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		147		—		147		0.03	%
Mortgage	—		—		—		—		95		—		95		0.01	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		174		—		121		—		295		5.57	%
Consumer:
Consumer	—		—		—		22		—		—		22		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	2,688	$	409	$	4,079	$	—	$	7,176	0.10	%

	Nine Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	452	$	387	$	11,312	$	11	$	12,162	0.95	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		1,366		—		511		—		1,877		0.10	%
Construction real estate:
Commercial	—		—		228		—		637		—		865		0.47	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		158		—		158		0.03	%
Mortgage	—		—		—		—		229		—		229		0.02	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		178		—		199		—		377		7.12	%
Consumer:
Consumer	—		—		—		39		—		—		39		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	2,224	$	426	$	13,046	$	11	$	15,707	0.21	%

Park has committed to lend additional amounts totaling $3.4 million to the borrowers included in the previous table as of September 30, 2023.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months and the nine months ended September 30, 2023:

	Three Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Adjustment		Weighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	(0.15)	%	0.5
PPP loans	—		—	%	0.0
Overdrafts	—		—	%	0.0
Commercial real estate	—		2.76	%	2.0
Construction real estate:
Commercial	—		2.34	%	1.6
Retail	—		—	%	0.0
Residential real estate:
Commercial	—		(2.75)	%	1.1
Mortgage	—		(4.00)	%	0.8
HELOC	—		—	%	0.0
Installment	—		(0.89)	%	13.6
Consumer:
Consumer	—		(1.49)	%	0.0
Check loans	—		—	%	0.0
Leases	—		—	%	0.0
Total	$	—	0.34	%	1.4

	Nine Months Ended September 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Adjustment		Weighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	0.58	%	0.6
PPP loans	—		—	%	0.0
Overdrafts	—		—	%	0.0
Commercial real estate	—		2.76	%	3.1
Construction real estate:
Commercial	—		2.34	%	1.6
Retail	—		—	%	0.0
Residential real estate:
Commercial	—		(2.47)	%	1.4
Mortgage	—		(2.76)	%	0.6
HELOC	—		—	%	0.0
Installment	—		(1.21)	%	12.9
Consumer:
Consumer	—		(2.33)	%	0.0
Check loans	—		—	%	0.0
Leases	—		—	%	0.0
Total	$	—	0.62	%	1.3

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 September 30, 2023 that were greater than 30 days past due as of September 30, 2023. There were $11,000 of loans modified to borrowers experiencing financial difficulty that had been modified during the nine months ended September 30, 2023 that were 30-59 days past due as of September 30, 2023 in the Commercial, financial, and agricultural loan portfolio segment.

The following table presents the amortized cost basis of loans that had a payment default during the three months ended September 30, 2023 and were modified in the nine 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 September 30, 2023
(In thousands)	Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	11
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:			—		—		—
Commercial	—		—		—		—
Mortgage	—		—		—		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		—		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	—	$	—	$	—	$	11

The following table presents the amortized cost basis of loans that had a payment default during the nine months ended September 30, 2023 and were modified in the nine 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:

	Nine Months Ended September 30, 2023
(In thousands)	Term Extension		Interest Rate Adjustment		Combination Term Extension and Interest Rate Adjustment		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	11
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:			—		—		—
Commercial	—		—		147		—
Mortgage	—		—		134		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		4		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	—	$	4	$	281	$	11

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.

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Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]

Activity In The Allowance For Loan Losses

The activity in the ACL for the three-month and the nine-month periods ended September 30, 2023 and September 30, 2022 is summarized in the following tables:

	Three Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,278	$	19,141	$	4,886	$	18,419	$	28,370	$	112	$	87,206
Charge-offs	218		—		—		1		2,074		—		2,293
Recoveries	79		3		40		8		1,139		—		1,269
Net charge-offs/(recoveries)	$	139	$	(3)	$	(40)	$	(7)	$	935	$	—	$	1,024
(Recovery of) provision for credit losses	(1,171)		(526)		373		(1,437)		1,185		(4)		(1,580)
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

 

	Three Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	12,747	$	22,339	$	4,391	$	13,619	$	28,149	$	203	$	81,448
Charge-offs	543		—		—		—		1,169		36		1,748
Recoveries	110		36		20		20		884		1		1,071
Net charge-offs/(recoveries)	$	433	$	(36)	$	(20)	$	(20)	$	285	$	35	$	677
Provision for (recovery of) credit losses	563		(1,653)		87		1,464		2,699		30		3,190
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

	Nine Months Ended September 30, 2023
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	16,987	$	17,829	$	5,550	$	16,831	$	28,021	$	161	$	85,379
Impact of Adoption of ASU 2022-02	222		181		—		(20)		—		—		383
Charge-offs	755		530		—		44		5,884		—		7,213
Recoveries	209		235		548		479		3,487		—		4,958
Net charge-offs/(recoveries)	$	546	$	295	$	(548)	$	(435)	$	2,397	$	—	$	2,255
(Recovery of) provision for credit losses	(1,695)		903		(799)		(257)		2,996		(53)		1,095
Ending balance	$	14,968	$	18,618	$	5,299	$	16,989	$	28,620	$	108	$	84,602

	Nine Months Ended September 30, 2022
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
ACL:
Beginning balance	$	14,025	$	25,466	$	5,758	$	11,424	$	26,286	$	238	$	83,197
Charge-offs	1,456		598		33		81		3,287		42		5,497
Recoveries	544		624		550		106		2,859		2		4,685
Net charge-offs/(recoveries)	$	912	$	(26)	$	(517)	$	(25)	$	428	$	40	$	812
(Recovery of) provision for credit losses	(236)		(4,770)		(1,777)		3,654		4,705		—		1,576
Ending balance	$	12,877	$	20,722	$	4,498	$	15,103	$	30,563	$	198	$	83,961

Composition Of The Allowance For Loan Losses

The composition of the ACL at September 30, 2023 and at December 31, 2022 was as follows:

 

	September 30, 2023
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,122		$	205		$	95		$	—		$	—		$	—		$	3,422
Collectively evaluated for impairment	11,846			18,413			5,204			16,989			28,620			108			81,180
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	14,968		$	18,618		$	5,299		$	16,989		$	28,620		$	108		$	84,602
Loan balance:
Loans individually evaluated for impairment	$	17,257		$	19,869		$	1,124		$	2,237		$	—		$	352		$	40,839
Loans collectively evaluated for impairment	1,271,722			1,810,736			287,165			1,944,776			1,972,623			18,077			7,305,099
Accruing loans acquired with deteriorated credit quality	42			2,795			637			333			—			—			3,807
Total ending loan balance	$	1,289,021		$	1,833,400		$	288,926		$	1,947,346		$	1,972,623		$	18,429		$	7,349,745
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	18.09		%	1.03		%	8.45		%	—		%	—		%	—		%	8.38		%
Loans collectively evaluated for impairment	0.93		%	1.02		%	1.81		%	0.87		%	1.45		%	0.60		%	1.11		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.16		%	1.02		%	1.83		%	0.87		%	1.45		%	0.59		%	1.15		%

	December 31, 2022
(In thousands)	Commercial, financial and agricultural			Commercial real estate			Construction real estate			Residential real estate			Consumer			Leases			Total
ACL:
Ending allowance balance attributed to loans:
Individually evaluated for impairment	$	3,426		$	131		$	—		$	—		$	—		$	9		$	3,566
Collectively evaluated for impairment	13,561			17,698			5,550			16,831			28,021			152			81,813
Accruing loans acquired with deteriorated credit quality	—			—			—			—			—			—			—
Total ending allowance balance	$	16,987		$	17,829		$	5,550		$	16,831		$	28,021		$	161		$	85,379
Loan balance:
Loans individually evaluated for impairment	$	41,307		$	32,423		$	1,712		$	2,191		$	—		$	708		$	78,341
Loans collectively evaluated for impairment	1,259,524			1,758,118			323,043			1,794,302			1,904,981			18,929			7,058,897
Accruing loans acquired with deteriorated credit quality	102			3,513			660			378			—			—			4,653
Total ending loan balance	$	1,300,933		$	1,794,054		$	325,415		$	1,796,871		$	1,904,981		$	19,637		$	7,141,891
ACL as a percentage of loan balance:
Loans individually evaluated for impairment	8.29		%	0.40		%	—		%	—		%	—		%	1.27		%	4.55		%
Loans collectively evaluated for impairment	1.08		%	1.01		%	1.72		%	0.94		%	1.47		%	0.80		%	1.16		%
Accruing loans acquired with deteriorated credit quality	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Total	1.31		%	0.99		%	1.71		%	0.94		%	1.47		%	0.82		%	1.20		%

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Goodwill and other intangibles (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The following table shows the activity in goodwill and other intangible assets for the three-month and the nine-month periods ended September 30, 2023 and 2022.

(in thousands)	Goodwill		Other intangible assets		Total
July 1, 2022	$	159,595	$	6,657	$	166,252
Amortization	—		341		341
September 30, 2022	$	159,595	$	6,316	$	165,911
July 1, 2023	$	159,595	$	5,320	$	164,915
Amortization	—		334		334
September 30, 2023	$	159,595	$	4,986	$	164,581

(in thousands)	Goodwill		Other intangible assets		Total
December 31, 2021	$	159,595	$	7,462	$	167,057
Amortization	—		1,146		1,146
September 30, 2022	$	159,595	$	6,316	$	165,911
December 31, 2022	$	159,595	$	5,975	$	165,570
Amortization	—		989		989
September 30, 2023	$	159,595	$	4,986	$	164,581

Intangible Assets Disclosure [Text Block]

The following table shows the balance of acquired intangible assets at September 30, 2023 and at December 31, 2022.

	September 30, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Other intangible assets:
Core deposit intangible assets	$	14,456	$	9,470	$	14,456	$	8,481
Trade name intangible assets	1,300		1,300		1,300		1,300
Total	$	15,756	$	10,770	$	15,756	$	9,781

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization expense related to core deposit intangible assets for the remainder of 2023 and the next four years follows:

(in thousands)	Total
Three months ending December 31, 2023	$	334
2024	1,215
2025	1,042
2026	887
2027	754

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Investment in Qualified Affordable Housing (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Activity in Affordable Housing Program Obligation [Table Text Block]

The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments at September 30, 2023 and December 31, 2022.

(in thousands)	September 30, 2023		December 31, 2022
Affordable housing tax credit investments	$	64,676	$	60,968
Unfunded commitments	31,553		28,132

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Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2023

Other Real Estate Owned [Abstract]

Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Table Text Block] [Text Block]

Park typically transfers a loan to OREO at the time that Park takes deed/title to the real estate property asset. The carrying amounts of foreclosed real estate properties held at September 30, 2023 and December 31, 2022 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	September 30, 2023		December 31, 2022
OREO:
Commercial real estate	$	1,354	$	1,354
Residential real estate	—		—
Total OREO	$	1,354	$	1,354
Loans in process of foreclosure:
Residential real estate	$	1,877	$	1,614

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Loan Servicing (Tables)

9 Months Ended

Sep. 30, 2023

Transfers and Servicing of Financial Assets [Abstract]

Activity For MSRs And Related Valuation Allowance

Activity for MSRs and the related valuation allowance follows:

 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022
Mortgage servicing rights:
Carrying amount, net, beginning of period	$	15,237	$	16,470	$	15,792	$	15,264
Additions	169		254		437		1,336
Amortization	(462)		(592)		(1,366)		(1,804)
Change in valuation allowance	16		59		97		1,395
Carrying amount, net, end of period	$	14,960	$	16,191	$	14,960	$	16,191
Valuation allowance:
Beginning of period	$	101	$	232	$	182	$	1,568
Change in valuation allowance	(16)		(59)		(97)		(1,395)
End of period	$	85	$	173	$	85	$	173

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Leases Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Lease, Cost [Table Text Block]

Other information related to operating leases for the three-month and the nine-month periods ended September 30, 2023 and 2022 follows:

	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Lease cost
Operating lease cost	$	727	$	811	$	2,187	$	2,286
Sublease income	(73)		(63)		(199)		(189)
Total lease cost	$	654	$	748	$	1,988	$	2,097
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	890	$	766	$	2,734	$	2,307
ROU assets obtained in exchange for new operating lease liabilities	$	320	$	88	$	499	$	4,270
Reductions to ROU assets resulting from reductions to lease obligations	$	(753)	$	(697)	$	(2,307)	$	(2,090)

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Undiscounted cash flows included in lease liabilities have expected contractual payments as follows:

(in thousands)	September 30, 2023
Three months ending December 31, 2023	$	884
2024	2,515
2025	2,169
2026	2,134
2027	2,040
Thereafter	11,474
Total undiscounted minimum lease payments	$	21,216
Present value adjustment	(3,790)
Total lease liabilities	$	17,426

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Repurchase Agreement Borrowings (Tables)

9 Months Ended

Sep. 30, 2023

Transfers and Servicing [Abstract]

Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table Text Block]

The table below shows the remaining contractual maturity of repurchase agreements by collateral pledged at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	105,786	$	—	$	—	$	—	$	105,786
	December 31, 2022
(in thousands)	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
U.S. government and agency securities	$	227,342	$	—	$	—	$	—	$	227,342

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Derivatives (Tables)

9 Months Ended

Sep. 30, 2023

Derivative [Line Items]

Schedule of Derivative Instruments [Table Text Block]

Summary information about Park's interest rate swaps at September 30, 2023 and at December 31, 2022 follows:

	September 30, 2023			December 31, 2022
(In thousands, except weighted average data)	Loan Derivatives			Loan Derivatives
Notional amounts	$	18,584		$	21,700
Weighted average pay rates	4.512		%	4.553		%
Weighted average receive rates	4.512		%	4.553		%
Weighted average maturity (years)	6.8			7.9
Unrealized losses	$	—		$	—

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table reflects the interest rate swaps included in the Consolidated Condensed Balance Sheets at September 30, 2023 and at December 31, 2022.

(In thousands)	September 30, 2023				December 31, 2022
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	$	—	$	—	$	—	$	—
Matched interest rate swaps with counterparty	18,584		1,719		21,700		1,508
Total included in "Other assets"	$	18,584	$	1,719	$	21,700	$	1,508
Included in "Other liabilities":
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	$	18,584	$	(1,719)	$	21,700	$	(1,508)
Matched interest rate swaps with counterparty	—		—		—		—
Total included in "Other liabilities"	$	18,584	$	(1,719)	$	21,700	$	(1,508)

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Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Summary Of Computation Of Basic And Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three months and the nine months ended September 30, 2023 and 2022.

 

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except common share and per common share data)	2023		2022		2023		2022
Numerator:
Net income	$	36,917	$	42,068	$	102,234	$	115,267
Denominator:
Weighted-average common shares outstanding	16,133,310		16,253,704		16,180,261		16,240,966
Effect of dilutive PBRSUs and TBRSUs	84,570		121,278		80,848		114,824
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs	16,217,880		16,374,982		16,261,109		16,355,790
Earnings per common share:
Basic earnings per common share	$	2.29	$	2.59	$	6.32	$	7.10
Diluted earnings per common share	$	2.28	$	2.57	$	6.29	$	7.05

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule Of Operating Results By Segment

	Operating Results for the three months ended September 30, 2023
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	96,078	$	(1,809)	$	94,269
Recovery of credit losses	(1,538)		(42)		(1,580)
Other income (loss)	27,888		(175)		27,713
Other expense	74,623		3,185		77,808
Income (loss) before income taxes	$	50,881	$	(5,127)	$	45,754
Income tax expense (benefit)	10,093		(1,256)		8,837
Net income (loss)	$	40,788	$	(3,871)	$	36,917
Assets (at September 30, 2023)	$	9,959,528	$	41,386	$	10,000,914

 

	Operating Results for the three months ended September 30, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	92,035	$	(1,207)	$	90,828
Provision for (recovery of) credit losses	3,235		(45)		3,190
Other income	28,918		17,776		46,694
Other expense	79,070		3,833		82,903
Income before income taxes	$	38,648	$	12,781	$	51,429
Income tax expense	7,133		2,228		9,361
Net income	$	31,515	$	10,553	$	42,068
Assets (at September 30, 2022)	$	9,816,644	$	38,403	$	9,855,047

	Operating Results for the nine months ended September 30, 2023
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	283,216	$	(5,177)	$	278,039
Provision for (recovery of) credit losses	1,901		(806)		1,095
Other income (loss)	77,241		(126)		77,115
Other expense	220,741		9,455		230,196
Income (loss) before income taxes	$	137,815	$	(13,952)	$	123,863
Income tax expense (benefit)	25,273		(3,644)		21,629
Net income (loss)	$	112,542	$	(10,308)	$	102,234

	Operating Results for the nine months ended September 30, 2022
(In thousands)	PNB		All Other		Total
Net interest income (expense)	$	254,818	$	(2,365)	$	252,453
Provision for (recovery of) credit losses	2,045		(469)		1,576
Other income	89,420		20,123		109,543
Other expense	209,500		10,824		220,324
Income before income taxes	$	132,693	$	7,403	$	140,096
Income tax expense	24,770		59		24,829
Net income	$	107,923	$	7,344	$	115,267

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Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

A summary of changes in the common shares subject to nonvested PBRSUs for the nine months ended September 30, 2023 follows:

	Common shares subject to PBRSUs
Nonvested at January 1, 2023	199,650
Granted	54,698
Vested	(62,815)
Forfeited	(4,072)
Adjustment for performance conditions of PBRSUs (1)	—
Nonvested at September 30, 2023 (2)	187,461

Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]

The following table details expected additional share-based compensation expense related to PBRSUs outstanding at September 30, 2023:

(In thousands)
Three months ending December 31, 2023	$	1,341
2024	4,337
2025	2,838
2026	1,184
2027	190
Total	$	9,890

Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest

A summary of awards vested during the three months and the nine months ended September 30, 2023 and 2022 follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
PBRSUs and TBRSUs vested	—	7,049	62,815	55,464
Common shares withheld to satisfy employee income tax withholding obligations	—	2,559	23,973	21,217
Net common shares issued	—	4,490	38,842	34,247

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Benefit Plan (Tables)

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Expense

The following table shows the components of net periodic pension benefit income:

	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022		2023		2022
Service cost	$	1,559	$	2,437	$	4,677	$	7,311	Employee benefits
Interest cost	1,631		1,426		4,893		4,278		Other components of net periodic pension benefit income
Expected return on plan assets	(3,536)		(4,449)		(10,608)		(13,347)		Other components of net periodic pension benefit income
Recognized prior service cost (credit)	12		(4)		36		(12)		Other components of net periodic pension benefit income
Net periodic pension benefit income	$	(334)	$	(590)	$	(1,002)	$	(1,770)

Park has entered into Supplemental Executive Retirement Plan Agreements (the “SERP Agreements”) with certain key officers of Park and its subsidiaries which provide defined pension benefits in excess of limits imposed by federal tax law. The expense

for the Corporation related to the SERP Agreements for the three months and the nine months ended September 30, 2023 and 2022 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands)	2023		2022		2023		2022
Service cost	$	234	$	212	$	702	$	637	Employee benefits
Interest cost	176		183		527		549		Miscellaneous expense
Total SERP expense	$	410	$	395	$	1,229	$	1,186

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Fair Value (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents assets and liabilities measured at fair value on a recurring basis:

 

Fair Value Measurements at September 30, 2023 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2023
Assets
Investment securities:
Obligations of U.S. Government sponsored entities	$	—	$	37,300	$	—	$	37,300
Obligations of states and political subdivisions	—		389,097		—		389,097
U.S. Government sponsored entities’ asset-backed securities	—		640,282		—		640,282
Collateralized loan obligations	—		524,891		—		524,891
Corporate debt securities	—		11,460		6,126		17,586
Equity securities	2,328		—		466		2,794
Mortgage loans held for sale	—		2,866		—		2,866
Mortgage IRLCs	—		30		—		30
Loan interest rate swaps	—		1,719		—		1,719
Liabilities
Fair value swap	$	—	$	—	$	123	$	123
Loan interest rate swaps	—		1,719		—		1,719

 

Fair Value Measurements at December 31, 2022 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2022
Assets
Investment securities:
Obligations of U.S. Government sponsored entities	$	—	$	37,213	$	—	$	37,213
Obligations of states and political subdivisions	—		406,711		—		406,711
U.S. Government sponsored entities’ asset-backed securities	—		756,761		—		756,761
Collateralized loan obligations	—		516,539		—		516,539
Corporate debt securities	—		9,472		7,000		16,472
Equity securities	1,420		—		439		1,859
Mortgage loans held for sale	—		2,149		—		2,149
Mortgage IRLCs	—		46		—		46
Loan interest rate swaps	—		1,508		—		1,508
Liabilities
Fair value swap	$	—	$	—	$	243	$	243
Loan interest rate swaps	—		1,508		—		1,508

Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis

The following tables present a reconciliation of the beginning and ending balances of the Level 3 inputs for the three-month and the nine-month periods ended September 30, 2023 and 2022, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements
Three months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at July 1, 2023	$	6,116	$	455	$	(296)
Transfer into (out of) level 3, net	—		—		—
Total (losses) / gains
Included in other income / other expense	—		11		—
Included in other comprehensive income	10		—		—
Purchases, sales, issuances and settlements, other, net	—		—		173
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at July 1, 2022	$	—	$	491	$	(447)
Total losses
Included in other income / other expense	—		(22)		—
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Level 3 Fair Value Measurements
Nine months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at January 1, 2023	$	7,000	$	439	$	(243)
Transfers into (out of) level 3, net	11		—		—
Total (losses) / gains
Included in other income / other (expense)	—		27		(175)
Included in other comprehensive income	(885)		—		—
Purchases, sales, issuances and settlements, other, net	—		—		295
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at January 1, 2022	$	—	$	499	$	(226)
Total losses
Included in other income / other (expense)	—		(30)		(221)
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis

The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Individually evaluated collateral dependent loans secured by real estate are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. At September 30, 2023 and December 31, 2022, there were no PCD loans carried at fair value. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken with respect to the property's value subsequent to the initial measurement.

At September 30, 2023 and December 31, 2022, there were no OREO properties held by Park that were carried at fair value due to fair value adjustments made subsequent to the initial OREO measurement.

Fair Value Measurements at September 30, 2023 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at September 30, 2023
Individually evaluated collateral dependent loans recorded at fair value:
Commercial real estate	$	—	$	—	$	2,289	$	2,289
Construction real estate	—		—		455		455
Residential real estate	—		—		186		186
Total individually evaluated collateral dependent loans recorded at fair value	$	—	$	—	$	2,930	$	2,930
MSRs	$	—	$	872	$	—	$	872

Fair Value Measurements at December 31, 2022 using:
(In thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2022
Individually evaluated collateral dependent loans recorded at fair value:
Commercial real estate	$	—	$	—	$	5,573	$	5,573
Residential real estate	—		—		200		200
Total individually evaluated collateral dependent loans recorded at fair value	$	—	$	—	$	5,773	$	5,773
MSRs	$	—	$	1,717	$	—	$	1,717

Schedule of impaired financing receivables additional info

The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, at September 30, 2023 and at December 31, 2022:

	September 30, 2023
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,110	$	4,719	$	4,470	$	17,299
Commercial real estate	22,643		21		—		22,664
Construction real estate:
Commercial	1,761		—		—		1,761
Residential real estate:
Commercial	2,491		—		—		2,491
Mortgage	79		—		—		79
Leases	—		352		—		352
Total loans	$	35,084	$	5,092	$	4,470	$	44,646

	December 31, 2022
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,242	$	7,788	$	23,125	$	39,155
Commercial real estate	35,908		28		—		35,936
Construction real estate:
Commercial	2,372		—		—		2,372
Residential real estate:
Commercial	2,479		—		—		2,479
Mortgage	90		—		—		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 nine-month periods ended September 30, 2023 and 2022:

	Interest Income Recognized
(In thousands)	Three Months Ended September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	253	$	15	$	1,580	$	45
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	177		237		537		751
Construction real estate:
Commercial	5		6		59		10
Retail	—		—		—		4
Residential real estate:
Commercial	37		24		100		64
Mortgage	58		43		160		112
HELOC	1		5		16		11
Installment	1		1		3		3
Consumer:
Consumer	25		15		65		46
Check loans	—		—		—		—
Leases	—		9		—		33
Total loans	$	557	$	355	$	2,520	$	1,079

Qualitative Information about Level 3 Fair Value Measurements Measured on Non-Recurring Basis

The following tables present qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2023 and December 31, 2022:

September 30, 2023
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Individually evaluated collateral dependent loans:
Commercial real estate	$	2,289	Sales comparison approach	Adj to comparables	0.0% - 202.0% (25.2%)
			Income approach	Capitalization rate	7.3% - 8.5% (7.8%)
Construction real estate	$	455	Sales comparison approach	Adj to comparables	0.0% - 20.0% (10.0%)
			Income approach	Capitalization rate	7.3% (7.3%)
Residential real estate	$	186	Sales comparison approach	Adj to comparables	1.2% - 78.6% (7.7%)

December 31, 2022
(In thousands)	Fair Value		Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
Individually evaluated collateral dependent loans:
Commercial real estate	$	5,573	Sales comparison approach	Adj to comparables	0.0% - 202.0% (19.4%)
			Income approach	Capitalization rate	7.0% - 10.0% (7.9%)
			Cost approach	Entrepreneurial profit	10.0% - 12.0% (11.4%)
			Cost approach	Accumulated depreciation	38.8% (38.8%)
Residential real estate	$	200	Sales comparison approach	Adj to comparables	1.9% - 119.8% (17.4%)

Fair Value, by Balance Sheet Grouping

The fair value of certain financial instruments at September 30, 2023 and at December 31, 2022, was as follows:

	September 30, 2023
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	223,618	$	223,618	$	—	$	—	$	223,618
Investment securities (1)	1,609,156		—		1,603,030		6,126		1,609,156
Other investment securities (2)	2,794		2,328		—		466		2,794
Mortgage loans held for sale	2,866		—		2,866		—		2,866
Mortgage IRLCs	30		—		30		—		30
Individually evaluated loans carried at fair value	2,930		—		—		2,930		2,930
Other loans, net	7,259,317		—		—		7,086,524		7,086,524
Loans receivable, net	$	7,265,143	$	—	$	2,896	$	7,089,454	$	7,092,350
Financial liabilities:
Time deposits	$	603,165	$	—	$	601,491	$	—	$	601,491
Other	4,896		4,896		—		—		4,896
Deposits (excluding demand deposits)	$	608,061	$	4,896	$	601,491	$	—	$	606,387
Short-term borrowings	$	352,786	$	—	$	352,786	$	—	$	352,786
Subordinated notes	189,025		—		176,506		—		176,506
Derivative financial instruments - assets:
Loan interest rate swaps	$	1,719	$	—	$	1,719	$	—	$	1,719
Derivative financial instruments - liabilities:
Fair value swap	$	123	$	—	$	—	$	123	$	123
Loan interest rate swaps	1,719		—		1,719		—		1,719

(1) Includes debt securities AFS.

(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.

	December 31, 2022
			Fair Value Measurements
(In thousands)	Carrying value		Level 1		Level 2		Level 3		Total fair value
Financial assets:
Cash and money market instruments	$	189,728	$	189,728	$	—	$	—	$	189,728
Investment securities (1)	1,733,696		—		1,726,696		7,000		1,733,696
Other investment securities (2)	1,859		1,420		—		439		1,859
Mortgage loans held for sale	2,149		—		2,149		—		2,149
Mortgage IRLCs	46		—		46		—		46
Individually evaluated loans carried at fair value	5,773		—		—		5,773		5,773
Other loans, net	7,048,544		—		—		6,918,326		6,918,326
Loans receivable, net	$	7,056,512	$	—	$	2,195	$	6,924,099	$	6,926,294
Financial liabilities:
Time deposits	$	554,445	$	—	$	552,443	—		$	552,443
Other	1,325		1,325		—		—		1,325
Deposits (excluding demand deposits)	$	555,770	$	1,325	$	552,443	$	—	$	553,768
Short-term borrowings	$	227,342	$	—	$	227,342	$	—	$	227,342
Subordinated notes	188,667		—		177,928		—		177,928
Derivative financial instruments - assets:
Loan interest rate swaps	$	1,508	$	—	$	1,508	$	—	$	1,508
Derivative financial instruments - liabilities:
Fair value swap	$	243	$	—	$	—	$	243	$	243
Loan interest rate swaps	1,508		—		1,508		—		1,508

Impaired Financing Receivables at fair value

	September 30, 2023
(In thousands)	Loan Balance		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Total individually evaluated collateral dependent loans recorded at fair value	$	3,230	$	1,824	$	300	$	2,930
Remaining individually evaluated loans	37,609		244		3,122		34,487
Total individually evaluated loans	$	40,839	$	2,068	$	3,422	$	37,417

	December 31, 2022
(In thousands)	Loan Balance		Prior Charge-Offs		Specific Valuation Allowance		Carrying Balance
Total individually evaluated collateral dependent loans recorded at fair value	$	5,903	$	1,523	$	130	$	5,773
Remaining individually evaluated loans	72,438		252		3,436		69,002
Total individually evaluated loans	$	78,341	$	1,775	$	3,566	$	74,775

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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability [Table Text Block]

	Three Months Ended September 30, 2023
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	2,593	$	—	$	2,593
Employee benefit and retirement-related accounts	2,568		—		2,568
Investment management and investment advisory agency accounts	3,407		—		3,407
Other	532		—		532
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	943		—		943
Demand deposit account (DDA) charges	1,060		—		1,060
Other	106		—		106
Other service income (1)
Credit card	719		—		719
HELOC	100		—		100
Installment	39		—		39
Real estate	1,497		—		1,497
Commercial	260		—		260
Debit card fee income	6,652		—		6,652
Bank owned life insurance income (2)	1,394		54		1,448
ATM fees	575		—		575
Loss on sale of OREO, net	(6)		—		(6)
OREO valuation markup	—		—		—
Gain (loss) on equity securities, net (2)	1,264		(266)		998
Other components of net periodic pension benefit income (2)	1,857		36		1,893
Miscellaneous (3)	2,328		1		2,329
Total other income	$	27,888	$	(175)	$	27,713

(1) Of the $2.6 million of aggregate revenue included within "Other service income", approximately $1.3 million was within the scope of ASC 606, with the remaining $1.3 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $2.3 million, all of which were within the scope of ASC 606.

	Three Months Ended September 30, 2022
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	2,411	$	—	$	2,411
Employee benefit and retirement-related accounts	2,353		—		2,353
Investment management and investment advisory agency accounts	3,000		—		3,000
Other	452		—		452
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	1,722		—		1,722
Demand deposit account (DDA) charges	996		—		996
Other	141		—		141
Other service income (1)
Credit card	734		—		734
HELOC	103		—		103
Installment	40		—		40
Real estate	1,692		—		1,692
Commercial	384		3		387
Debit card fee income	6,514		—		6,514
Bank owned life insurance income (2)	1,133		52		1,185
ATM fees	610		—		610
Gain on sale of OREO, net	—		5,607		5,607
OREO valuation markup	—		12,009		12,009
Gain on equity securities, net (2)	25		33		58
Other components of net periodic pension benefit income (2)	2,955		72		3,027
Miscellaneous (3)	3,653		—		3,653
Total other income	$	28,918	$	17,776	$	46,694

(1) Of the $3.0 million of aggregate revenue included within "Other service income", approximately $1.4 million was within the scope of ASC 606, with the remaining $1.6 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $3.7 million, all of which were within the scope of ASC 606.

	Nine Months Ended September 30, 2023
Revenue by Operating Segment (in thousands)	PNB		All Other		Total
Income from fiduciary activities
Personal trust and agency accounts	$	7,668	$	—	$	7,668
Employee benefit and retirement-related accounts	7,507		—		7,507
Investment management and investment advisory agency accounts	9,842		—		9,842
Other	1,514		—		1,514
Service charges on deposit accounts
Non-sufficient funds (NSF) fees	2,864		—		2,864
Demand deposit account (DDA) charges	3,167		—		3,167
Other	360		—		360
Other service income (1)
Credit card	2,132		—		2,132
HELOC	297		—		297
Installment	123		—		123
Real estate	4,462		—		4,462
Commercial	802		135		937
Debit card fee income	19,939		—		19,939
Bank owned life insurance income (2)	3,807		158		3,965
ATM fees	1,661		—		1,661
Loss on sale of OREO, net	(3)		—		(3)
OREO valuation markup	15		—		15
Gain (loss) on equity securities, net (2)	1,146		(528)		618
Other components of net periodic pension benefit income (2)	5,571		108		5,679
Miscellaneous (3)	4,367		1		4,368
Total other income	$	77,241	$	(126)	$	77,115

(1) Of the $8.0 million of aggregate revenue included within "Other service income", approximately $4.1 million was within the scope of ASC 606, with the remaining $3.9 million consisting primarily of certain residential real estate loan fees which were out of scope.

(2) Not within the scope of ASC 606.

(3) "Miscellaneous" income included brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $4.4 million, all of which were within the scope of ASC 606.

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Recent Accounting Pronouncements (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,085,564,000			$ 1,069,226,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,085,564,000			1,069,226,000
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	84,602,000	$ 87,206,000		85,379,000	$ 83,961,000	$ 81,448,000		$ 83,197,000
Non performing loan decrease ASU Impact	20,100,000
Individually evaluated loans decrease ASU impact	11,500,000
Retained Earnings [Member]
Accounting Standards Update and Change in Accounting Principle [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	896,627,000	876,830,000	$ 862,518,000	847,235,000	839,207,000	814,241,000	$ 797,033,000	776,294,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 896,627,000	$ 876,830,000	$ 862,518,000	847,235,000	$ 839,207,000	$ 814,241,000	$ 797,033,000	$ 776,294,000
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest				383,000
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2022-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Tax Assets, Tax Deferred Expense				80,000
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest				383,000
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings [Member] | Accounting Standards Update 2022-02 [Member]
Accounting Standards Update and Change in Accounting Principle [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest				303,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest				$ 303,000

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Investment Securities (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule of Investments [Line Items]
Other than Temporary Impairment Losses, Investments	$ 0	$ 0
Debt Securities, Available-for-sale, Amortized Cost	1,747,396,000		$ 1,854,852,000
Debt Securities, Available-for-sale, Allowance for Credit Loss	$ 0		0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Debt Securities, Available for Sale, Sold at Gain, Amortized Cost Amount	$ 0	$ 0
Debt Securities, Available-for-sale	1,609,156,000		1,733,696,000
Debt Securities, Available-for-sale, Unrealized Loss Position	1,592,003,000		1,590,490,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	138,257,000		122,776,000
Securities Available-for-Sale, 12 months or longer, Fair value	1,303,558,000		413,070,000
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	735,317,000		839,399,000
Debt Securities, Available-for-sale	640,282,000		756,761,000
Debt Securities, Available-for-sale, Unrealized Loss Position	640,282,000		756,761,000
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	95,035,000		82,638,000
Securities Available-for-Sale, 12 months or longer, Fair value	639,111,000		310,338,000
USGovernmentSponsored asset backed securities and US Treasury obligations
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	96,700,000
Collateral Pledged [Member]
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Restricted	$ 606,200,000		$ 753,600,000

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Investment Securities (Schedule Of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 1,747,396	$ 1,854,852
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	17	1,620
Securities Available-for-Sale, Gross Unrealized Holding Losses	138,257	122,776
Debt Securities, Available-for-sale	1,609,156	1,733,696
US States and Political Subdivisions Debt Securities [Member]
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	420,590	423,285
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	17	1,620
Securities Available-for-Sale, Gross Unrealized Holding Losses	31,510	18,194
Debt Securities, Available-for-sale	389,097	406,711
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	735,317	839,399
Securities Available-for-Sale, Gross Unrealized Holding Losses	95,035	82,638
Debt Securities, Available-for-sale	640,282	756,761
Corporate Debt Securities
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	20,459	17,650
Securities Available-for-Sale, Gross Unrealized Holding Losses	2,873	1,178
Debt Securities, Available-for-sale	17,586	16,472
Collateralized Loan Obligations
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	532,030	535,518
Securities Available-for-Sale, Gross Unrealized Holding Losses	7,139	18,979
Debt Securities, Available-for-sale	524,891	516,539
US Government Corporations and Agencies Securities
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	39,000	39,000
Securities Available-for-Sale, Gross Unrealized Holding Losses	1,700	1,787
Debt Securities, Available-for-sale	$ 37,300	$ 37,213

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Investment Securities (Schedule Of Unrealized Loss On Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value	$ 288,445	$ 1,177,420
Securities Available-for-Sale, Less than 12 months, Unrealized losses	9,558	63,796
Securities Available-for-Sale, 12 months or longer, Fair value	1,303,558	413,070
Securities Available-for-Sale, 12 months or longer, Unrealized losses	128,699	58,980
Securities Available-for-Sale, Fair value, Total	1,592,003	1,590,490
Securities Available-for-Sale, Unrealized losses, Total	138,257	122,776
US Government Corporations and Agencies Securities
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value		37,213
Securities Available-for-Sale, Less than 12 months, Unrealized losses		1,787
Securities Available-for-Sale, 12 months or longer, Fair value	37,300
Securities Available-for-Sale, 12 months or longer, Unrealized losses	1,700
Securities Available-for-Sale, Fair value, Total	37,300	37,213
Securities Available-for-Sale, Unrealized losses, Total	1,700	1,787
US States and Political Subdivisions Debt Securities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value	277,975	270,905
Securities Available-for-Sale, Less than 12 months, Unrealized losses	8,626	18,194
Securities Available-for-Sale, 12 months or longer, Fair value	93,969
Securities Available-for-Sale, 12 months or longer, Unrealized losses	22,884
Securities Available-for-Sale, Fair value, Total	371,944	270,905
Securities Available-for-Sale, Unrealized losses, Total	31,510	18,194
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value	1,171	446,423
Securities Available-for-Sale, Less than 12 months, Unrealized losses	22	27,507
Securities Available-for-Sale, 12 months or longer, Fair value	639,111	310,338
Securities Available-for-Sale, 12 months or longer, Unrealized losses	95,013	55,131
Securities Available-for-Sale, Fair value, Total	640,282	756,761
Securities Available-for-Sale, Unrealized losses, Total	95,035	82,638
Collateralized Loan Obligations
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value		415,491
Securities Available-for-Sale, Less than 12 months, Unrealized losses		15,446
Securities Available-for-Sale, 12 months or longer, Fair value	524,891	101,048
Securities Available-for-Sale, 12 months or longer, Unrealized losses	7,139	3,533
Securities Available-for-Sale, Fair value, Total	524,891	516,539
Securities Available-for-Sale, Unrealized losses, Total	7,139	18,979
Corporate Debt Securities
Schedule of Investments [Line Items]
Securities Available-for-Sale, Less than 12 months, Fair value	9,299	7,388
Securities Available-for-Sale, Less than 12 months, Unrealized losses	910	862
Securities Available-for-Sale, 12 months or longer, Fair value	8,287	1,684
Securities Available-for-Sale, 12 months or longer, Unrealized losses	1,963	316
Securities Available-for-Sale, Fair value, Total	17,586	9,072
Securities Available-for-Sale, Unrealized losses, Total	$ 2,873	$ 1,178

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Investment Securities (Amortized Cost And Estimated Fair Value Of Investments In Debt Securities By Contractual Maturity) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
U.S. Government Sponsored Entities Asset-Backed Securities [Member]
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 735,317
Securities Available-for-Sale, Total Fair value	$ 640,282
Debt Securities, Available-for-Sale, Weighted Average Yield	1.89%
US States and Political Subdivisions Debt Securities [Member]
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	$ 276,900
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	$ 269,945
Debt Securities, Available-for-sale, Maturity, after Five Through Ten Years, Weighted Average Yield	3.69%
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	$ 141,428
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	$ 116,921
Debt Securities, Available-for-sale, Maturity, after 10 Years, Weighted Average Yield	3.10%
Debt Securities, Available-for-sale, Amortized Cost	$ 420,590
Securities Available-for-Sale, Total Fair value	$ 389,097
Debt Securities, Available-for-Sale, Weighted Average Yield	3.49%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$ 2,262
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$ 2,231
Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five	2.97%
Corporate Debt Securities
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	$ 17,650
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	$ 14,792
Debt Securities, Available-for-sale, Maturity, after Five Through Ten Years, Weighted Average Yield	3.89%
Debt Securities, Available-for-sale, Amortized Cost	$ 20,459
Securities Available-for-Sale, Total Fair value	$ 17,586
Debt Securities, Available-for-Sale, Weighted Average Yield	4.79%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$ 2,809
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$ 2,794
Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five	10.41%
Collateralized Loan Obligations
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 532,030
Securities Available-for-Sale, Total Fair value	$ 524,891
Debt Securities, Available-for-Sale, Weighted Average Yield	7.31%
US Government Corporations and Agencies Securities
Schedule of Investments [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$ 39,000
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$ 37,300
Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five	2.37%

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Other Investment Securities (Schedule Of Other Investment Securities) (Details) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Sep. 30, 2023

Sep. 30, 2022

Dec. 31, 2022

Schedule of Investments [Line Items]

Other Investment Securities,

Other Investment Securities

Other investment securities consist of restricted stock investments in the FHLB and the FRB, and equity securities. The restricted FHLB and FRB stock investments are carried at their redemption value. Equity securities with a readily determinable fair value are carried at fair value. Equity securities without a readily determinable fair value are recorded at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions ("modified cost"). Park's portfolio of equity investments in limited partnerships which provide mezzanine funding ("Partnership Investments") are valued using the NAV practical expedient in accordance with ASC 820.

The carrying amounts of other investment securities at September 30, 2023 and December 31, 2022 were as follows:

 

(In thousands)	September 30, 2023		December 31, 2022
FHLB stock	$	20,229	$	11,197
FRB stock	14,653		14,653
Equity investments carried at fair value	2,794		1,859
Equity investments carried at modified cost (1)	15,921		14,725
Equity investments carried at NAV	46,074		44,657
Total other investment securities	$	99,671	$	87,091

(1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. An upward adjustment of $871,000 was recorded during the nine months ended September 30, 2022 as a result of observable price changes. There were no adjustments recorded during the three months ended September 30, 2022. There were no adjustments recorded during the three months or the nine months ended September 30, 2023 as a result of observable price changes.

During the three months ended September 30, 2023, Park purchased 122,296 shares of FHLB stock with a book value of $12.2 million. During the nine months ended September 30, 2023, Park purchased 136,371 shares of FHLB stock with a book value of $13.6 million. During the three months ended September 30, 2023, the FHLB repurchased 10,002 shares of FHLB stock with a book value of $1.0 million. During the nine months ended September 30, 2023, the FHLB repurchased 46,054 shares of FHLB stock with a book value of $4.6 million. During the three months and the nine months ended September 30, 2022, the FHLB repurchased 22,160 shares of FHLB stock with a book value of $2.2 million. No shares of FRB stock were purchased or sold during the three months or the nine months ended September 30, 2023 or 2022.

During the three months ended September 30, 2023 and 2022, $74,000 and $(39,000), respectively, of gains (losses) on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2023 and 2022, $(65,000) and $488,000, respectively, of (losses) gains on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Condensed Statements of Income.

During the three months ended September 30, 2023 and 2022, $924,000 and $97,000, respectively, of gains on equity investments carried at NAV were recorded within “Gain on equity securities, net” on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2023 and 2022, $683,000 and $2.6 million, respectively, of gains on equity investments carried at NAV were recorded within “Gain on equity securities, net” on the Consolidated Condensed Statements of Income.

Federal Home Loan Bank Stock

$ 20,229,000

$ 20,229,000

$ 11,197,000

Federal Reserve Bank Stock

14,653,000

14,653,000

14,653,000

Equity investments carried at fair value

2,794,000

2,794,000

1,859,000

Equity Method Investments

15,921,000

15,921,000

14,725,000

Alternative Investment

46,074,000

46,074,000

44,657,000

Other investment securities

$ 99,671,000

$ 99,671,000

$ 87,091,000

equity investment shares sold

10,002

46,054

22,160

Payments for (Proceeds from) Federal Home Loan Bank Stock

$ (1,000,000)

$ 4,600,000

$ 2,200,000

Gain on equity securities, net

998,000

$ 58,000

618,000

3,120,000

Alternative Investment, income recognized

924,000

97,000

683,000

2,600,000

Payments to Acquire Federal Reserve Bank Stock

0

0

Equity, Fair Value Adjustment

871,000

Payments to Acquire Federal Home Loan Bank Stock

$ 12,200,000

$ 13,636,000

0

equity shares purchased

122,296

136,371

Equity Securities [Member]

Schedule of Investments [Line Items]

Gain on equity securities, net

$ 74,000

$ (39,000)

$ (65,000)

$ 488,000

XML

Loans (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended		24 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2021	Apr. 01, 2019	Jul. 01, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Business Combination, Acquired Receivables, Gross Contractual Amount								$ 589,700,000	$ 277,900,000
Loans and Leases Receivable, Deferred Income	$ 18,900,000		$ 18,900,000		$ 18,200,000
Deposit Liabilities Reclassified as Loans Receivable	3,100,000		3,100,000		1,500,000
SBA Fees received							$ 33,100,000
SBA PPP Fees recognized	9,000	$ 361,000	34,000	$ 2,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables								578,600,000	272,800,000
Goodwill, Purchase Accounting Adjustments			1,900,000		2,500,000
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase						$ 52,000
Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Business Combination, Acquired Receivable, Fair Value	$ 3,800,000		$ 3,800,000		$ 4,700,000			18,400,000	4,900,000
Business Combination, Acquired Receivables, Gross Contractual Amount								$ 19,900,000	$ 5,100,000

XML

Loans (Composition Of Loan Portfolio By Class Of Loan) (Details) - USD ($) $ in Thousands		Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		$ 7,349,745		$ 7,141,891
Financing Receivable, Allowance for Credit Loss		(84,602)	$ (87,206)	(85,379)	$ (83,961)	$ (81,448)	$ (83,197)
Loans and Leases Receivable, Net Amount		7,265,143		7,056,512
Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		182,992		208,982
Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		583,251		550,183
Residential Real Estate - Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		1,185,544		1,075,446
Residential Real Estate - HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		173,256		167,151
Residential Real Estate - Installment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		5,295		4,091
Commercial Financial And Agricultural [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		1,289,021		1,300,933
Financing Receivable, Allowance for Credit Loss		(14,968)	(16,278)	(16,987)	(12,877)	(12,747)	(14,025)
PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		2,427		4,206
Bank Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		3,109		1,489
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance	[1]	1,833,400		1,794,054
Financing Receivable, Allowance for Credit Loss		(18,618)	(19,141)	(17,829)	(20,722)	(22,339)	(25,466)
Check loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		2,053		2,150
Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		18,429		19,637
Financing Receivable, Allowance for Credit Loss		(108)	$ (112)	(161)	$ (198)	$ (203)	$ (238)
Consumer less GFSC and Check Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		1,970,570		1,902,831
Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Loan balance		$ 1,283,485		$ 1,295,238

[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.

XML

Loans (Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing) (Details) - USD ($) $ in Thousands		Sep. 30, 2023		Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		$ 55,008		$ 79,696
Accruing restructured loans				20,134
Loans past due 90 days or more and accruing		627		1,281
Total nonperforming loans		55,635		101,111
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		7,349,745		7,141,891
Accruing loans past due 30-89 days		15,586		17,595
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		22,164	[1]	22,085	[2]
Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		37,750		39,680
Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		7,311,995		7,102,211
Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		1,124		1,712
Accruing restructured loans				0
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		1,124		1,712
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		182,992		208,982
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		64,695		108,628
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		76,264		41,334
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		7,658		22,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		18,474		2,686
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		1,897		2,088
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		2,806		3,015
Financing Receivable, Excluding Accrued Interest, Revolving		11,198		29,183
Accruing loans past due 30-89 days				751
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans	[1]	549
Construction Real Estate Commercial [Domain] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		549		751
Construction Real Estate Commercial [Domain] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		182,443		208,231
Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		2,237		1,894
Accruing restructured loans				298
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		2,237		2,192
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		583,251		550,183
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		86,316		107,696
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		109,465		120,844
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		109,450		149,543
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		124,237		57,449
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		52,030		33,444
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		80,770		65,677
Financing Receivable, Excluding Accrued Interest, Revolving		20,983		15,530
Accruing loans past due 30-89 days		54		519
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		219	[1]	477	[2]
Residential Real Estate Commercial [Member] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		273		996
Residential Real Estate Commercial [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		582,978		549,187
Residential Real Estate - Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		10,935		9,260
Accruing restructured loans				6,750
Loans past due 90 days or more and accruing		139		182
Total nonperforming loans		11,074		16,192
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,185,544		1,075,446
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		236,222		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		224,205		193,604
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		181,587		90,664
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		84,007		56,166
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		307,712		300,788
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Accruing loans past due 30-89 days		7,584		7,630
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		5,386	[1]	5,157	[2]
Residential Real Estate - Mortgage [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,174,470		1,059,254
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		235,246		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		223,499		192,904
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		180,736		90,014
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		83,584		55,648
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		299,594		286,464
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Residential Real Estate - Mortgage [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		11,074		16,192
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		976		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		706		700
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		851		650
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		423		518
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		8,118		14,324
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Residential Real Estate - Mortgage [Member] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		12,970		12,787
Residential Real Estate - Mortgage [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,172,574		1,062,659
Residential Real Estate - HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		957		1,133
Accruing restructured loans				187
Loans past due 90 days or more and accruing		0		7
Total nonperforming loans		957		1,327
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		173,256		167,151
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		299		66
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		102		230
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		274		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		2,660		2,956
Financing Receivable, Excluding Accrued Interest, Revolving		169,661		163,319
Accruing loans past due 30-89 days		655		832
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		699	[1]	587	[2]
Residential Real Estate - HELOC [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		172,299		165,824
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		299		23
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		102		130
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		242		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		1,975		1,957
Financing Receivable, Excluding Accrued Interest, Revolving		169,421		163,134
Residential Real Estate - HELOC [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		957		1,327
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		43
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		100
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		32		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		685		999
Financing Receivable, Excluding Accrued Interest, Revolving		240		185
Residential Real Estate - HELOC [Member] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,354		1,419
Residential Real Estate - HELOC [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		171,902		165,732
Residential Real Estate - Installment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		35		51
Accruing restructured loans				1,037
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		35		1,088
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,295		4,091
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		8
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4		243
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		165		78
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,266		3,575
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Accruing loans past due 30-89 days		19		57
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans	[2]			4
Residential Real Estate - Installment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,260		3,003
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		1
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		165		62
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,231		2,512
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Residential Real Estate - Installment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		35		1,088
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		7
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		2
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		16
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		35		1,063
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Residential Real Estate - Installment [Member] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		19		61
Residential Real Estate - Installment [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,276		4,030
PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		0		0
Accruing restructured loans				0
Loans past due 90 days or more and accruing		0		389
Total nonperforming loans		0		389
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		4,206
Accruing loans past due 30-89 days				155
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans				389
PPP loans receivable [Member] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss				544
PPP loans receivable [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		3,662
Construction Real Estate Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		0		1,254
Accruing restructured loans				12
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		0		1,266
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,934		116,433
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		33,399		72,654
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		9,846		8,741
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,128		2,592
Financing Receivable, Excluding Accrued Interest, Revolving		311		75
Accruing loans past due 30-89 days		8		1,035
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans	[2]			523
Construction Real Estate Retail | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,934		115,167
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		33,399		71,923
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		9,846		8,218
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,128		2,580
Financing Receivable, Excluding Accrued Interest, Revolving		311		75
Construction Real Estate Retail | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		1,266
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		731
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		523
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		12
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Construction Real Estate Retail | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		8		1,558
Construction Real Estate Retail | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,926		114,875
Bank Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		1,489
Bank Overdrafts | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		1,489
Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		17,336		38,158
Accruing restructured loans				3,261
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		17,336		41,419
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,283,485		1,295,238
Accruing loans past due 30-89 days		324		378
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		12,151	[1]	9,246
Commercial Financial Agricultural less PPP and Overdrafts | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		12,475		9,624
Commercial Financial Agricultural less PPP and Overdrafts | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,271,010		1,285,614
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		19,899		24,504
Accruing restructured loans				7,919
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		19,899		32,423
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,833,400		1,794,054
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		200,337		331,290
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		327,148		379,446
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		351,103		379,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		336,302		229,496
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		212,802		126,323
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		388,316		333,821
Financing Receivable, Excluding Accrued Interest, Revolving		17,392		14,630
Accruing loans past due 30-89 days		206		737
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		2,322	[1]	4,738	[2]
Commercial Real Estate [Member] | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,528		5,475
Commercial Real Estate [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,830,872		1,788,579
Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		352		708
Accruing restructured loans				0
Loans past due 90 days or more and accruing		0		0
Total nonperforming loans		352		708
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		18,429		19,637
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		5,195		8,714
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		6,349		3,924
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		2,890		3,941
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		2,559		1,434
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		578		993
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		858		631
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Finance Leases Portfolio Segment [Member] | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		18,429		19,637
Check loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,053		2,150
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		2,053		2,150
Accruing loans past due 30-89 days		4		2
Check loans | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,053		2,150
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		2,053		2,150
Check loans | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Check loans | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		4		2
Check loans | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,049		2,148
Bank Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Bank Overdrafts | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Bank Overdrafts | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0
Consumer less GFSC and Check Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans		2,133		1,022
Accruing restructured loans				670
Loans past due 90 days or more and accruing		488		703
Total nonperforming loans		2,621		2,395
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,970,570		1,902,831
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		520,214		823,924
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		664,716		462,503
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		349,640		333,815
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		240,096		150,713
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		95,226		61,376
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		82,753		66,134
Financing Receivable, Excluding Accrued Interest, Revolving		17,925		4,366
Accruing loans past due 30-89 days		6,732		5,499
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		838		964
Consumer less GFSC and Check Loans | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,967,949		1,900,436
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		520,059		823,484
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		664,029		462,014
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		348,910		333,391
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		239,729		150,348
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		95,045		61,219
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		82,256		65,614
Financing Receivable, Excluding Accrued Interest, Revolving		17,921		4,366
Consumer less GFSC and Check Loans | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,621		2,395
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		155		440
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		687		489
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		730		424
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		367		365
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		181		157
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		497		520
Financing Receivable, Excluding Accrued Interest, Revolving		4		0
Consumer less GFSC and Check Loans | Financial Asset, Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		7,570		6,463
Consumer less GFSC and Check Loans | Financial Asset, Not Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 1,963,000		$ 1,896,368

[1] 1) Includes an aggregate of $0.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.(2) Includes an aggregate of $33.5 million of nonaccrual loans which were current with respect to contractual principal and interest payments

[2] 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 with respect to contractual principal and interest payments.

XML

Loans (Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	$ 29,696		$ 29,696		$ 55,542
FinancingReceivableNonaccrualWithAllowance	25,312		25,312		24,154
Recorded investment	40,839		40,839		78,341
Interest income recognized	557	$ 355	2,520	$ 1,079
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	7,349,745		7,349,745		7,141,891
Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	35,084		35,084		49,091
Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	5,092		5,092		8,524
Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	4,470		4,470		23,125
Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	44,646		44,646		80,740
Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	4,185		4,185		4,175
Commercial Financial And Agricultural [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	8,110		8,110		8,242
Commercial Financial And Agricultural [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	4,719		4,719		7,788
Commercial Financial And Agricultural [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	4,470		4,470		23,125
Commercial Financial And Agricultural [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	17,299		17,299		39,155
Construction Real Estate Commercial [Domain]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	575		575		1,712
FinancingReceivableNonaccrualWithAllowance	549		549		0
Interest income recognized	5	6	59	10
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	64,695		64,695		108,628
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	76,264		76,264		41,334
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	7,658		7,658		22,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	18,474		18,474		2,686
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1,897		1,897		2,088
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,806		2,806		3,015
Financing Receivable, Excluding Accrued Interest, Revolving	11,198		11,198		29,183
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	182,992		182,992		208,982
Construction Real Estate Commercial [Domain] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	1,761		1,761		2,372
Construction Real Estate Commercial [Domain] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Construction Real Estate Commercial [Domain] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Construction Real Estate Commercial [Domain] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	1,761		1,761		2,372
Construction Real Estate Commercial [Domain] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	94		94		0
Residential Real Estate Commercial [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	2,237		2,237		1,894
FinancingReceivableNonaccrualWithAllowance	0		0		0
Interest income recognized	37	24	100	64
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	86,316		86,316		107,696
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	109,465		109,465		120,844
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	109,450		109,450		149,543
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	124,237		124,237		57,449
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	52,030		52,030		33,444
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	80,770		80,770		65,677
Financing Receivable, Excluding Accrued Interest, Revolving	20,983		20,983		15,530
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	583,251		583,251		550,183
Residential Real Estate Commercial [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	2,491		2,491		2,479
Residential Real Estate Commercial [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate Commercial [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate Commercial [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	2,491		2,491		2,479
Residential Real Estate Commercial [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		0
Construction Real Estate Retail
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		1,254
Interest income recognized	0	0	0	4
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	33,399		33,399		72,654
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	50,927		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,846		9,846		8,741
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4,402		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,921		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,128		3,128		2,592
Financing Receivable, Excluding Accrued Interest, Revolving	311		311		75
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	105,934		105,934		116,433
Construction Real Estate Retail | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		19
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		731
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		523
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		12
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		1,266
Construction Real Estate Retail | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	33,399		33,399		71,923
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	50,927		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,846		9,846		8,218
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4,402		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,921		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,128		3,128		2,580
Financing Receivable, Excluding Accrued Interest, Revolving	311		311		75
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	105,934		105,934		115,167
Residential Real Estate - Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	10,935		10,935		9,260
Interest income recognized	58	43	160	112
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	151,811		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	236,222		236,222		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	224,205		224,205		193,604
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	181,587		181,587		90,664
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	84,007		84,007		56,166
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	307,712		307,712		300,788
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,185,544		1,185,544		1,075,446
Residential Real Estate - Mortgage [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	79		79		90
Residential Real Estate - Mortgage [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate - Mortgage [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate - Mortgage [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	79		79		90
Residential Real Estate - Mortgage [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	96		96		85
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	976		976		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	706		706		700
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	851		851		650
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	423		423		518
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	8,118		8,118		14,324
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	11,074		11,074		16,192
Residential Real Estate - Mortgage [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	151,811		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	235,246		235,246		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	223,499		223,499		192,904
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	180,736		180,736		90,014
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	83,584		83,584		55,648
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	299,594		299,594		286,464
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,174,470		1,174,470		1,059,254
Residential Real Estate - HELOC [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	957		957		1,133
Interest income recognized	1	5	16	11
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	79		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	181		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	299		299		66
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	102		102		230
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	274		274		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,660		2,660		2,956
Financing Receivable, Excluding Accrued Interest, Revolving	169,661		169,661		163,319
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	173,256		173,256		167,151
Residential Real Estate - HELOC [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	25		25		191
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		43
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		100
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	32		32		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	685		685		999
Financing Receivable, Excluding Accrued Interest, Revolving	240		240		185
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	957		957		1,327
Residential Real Estate - HELOC [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	79		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	181		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	299		299		23
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	102		102		130
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	242		242		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,975		1,975		1,957
Financing Receivable, Excluding Accrued Interest, Revolving	169,421		169,421		163,134
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	172,299		172,299		165,824
Residential Real Estate - Installment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	35		35		51
Interest income recognized	1	1	3	3
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,692		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	168		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		8
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4		4		243
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	165		165		78
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,266		3,266		3,575
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	5,295		5,295		4,091
Residential Real Estate - Installment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	18		18		17
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		7
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		2
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		16
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	35		35		1,063
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	35		35		1,088
Residential Real Estate - Installment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,692		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	168		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		1
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4		4		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	165		165		62
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,231		3,231		2,512
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	5,260		5,260		3,003
PPP loans receivable [Member]
Financing Receivable, Impaired [Line Items]
Interest income recognized	0	0	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,427		2,427		4,206
Bank Overdrafts
Financing Receivable, Impaired [Line Items]
Interest income recognized	0	0	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,109		3,109		1,489
Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	8,121		8,121		28,291
FinancingReceivableNonaccrualWithAllowance	9,215		9,215		9,867
Interest income recognized	253	15	1,580	45
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,283,485		1,283,485		1,295,238
Commercial Financial Agricultural less PPP and Overdrafts | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	3,132		3,132		3,440
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	18,411		18,411		22,965
FinancingReceivableNonaccrualWithAllowance	1,488		1,488		1,539
Interest income recognized	177	237	537	751
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	200,337		200,337		331,290
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	327,148		327,148		379,446
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	351,103		351,103		379,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	336,302		336,302		229,496
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	212,802		212,802		126,323
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	388,316		388,316		333,821
Financing Receivable, Excluding Accrued Interest, Revolving	17,392		17,392		14,630
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,833,400		1,833,400		1,794,054
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	22,643		22,643		35,908
Commercial Real Estate [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	21		21		28
Commercial Real Estate [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Commercial Real Estate [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	22,664		22,664		35,936
Commercial Real Estate [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	205		205		130
Bank Overdrafts
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,109		3,109		1,489
Bank Overdrafts | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
Bank Overdrafts | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,109		3,109		1,489
PPP loans receivable [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		1,875
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,014		1,014		2,331
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	1,413		1,413		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,427		2,427		4,206
PPP loans receivable [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		0
Check loans
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		0
Interest income recognized	0	0	0	0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,053		2,053		2,150
Check loans | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
Check loans | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,053		2,053		2,150
Finance Leases Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	352		352		680
FinancingReceivableNonaccrualWithAllowance	0		0		28
Interest income recognized	0	9	0	33
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	5,195		5,195		8,714
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	6,349		6,349		3,924
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	2,890		2,890		3,941
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	2,559		2,559		1,434
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	578		578		993
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	858		858		631
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	18,429		18,429		19,637
Finance Leases Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Finance Leases Portfolio Segment [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	352		352		708
Finance Leases Portfolio Segment [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Finance Leases Portfolio Segment [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	352		352		708
Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	0		0		9
Consumer less GFSC and Check Loans
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	2,133		2,133		1,022
Interest income recognized	25	$ 15	65	$ 46
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	520,214		520,214		823,924
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	664,716		664,716		462,503
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	349,640		349,640		333,815
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	240,096		240,096		150,713
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	95,226		95,226		61,376
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	82,753		82,753		66,134
Financing Receivable, Excluding Accrued Interest, Revolving	17,925		17,925		4,366
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,970,570		1,970,570		1,902,831
Consumer less GFSC and Check Loans | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, Related Allowance	615		615		284
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	155		155		440
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	687		687		489
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	730		730		424
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	367		367		365
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	181		181		157
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	497		497		520
Financing Receivable, Excluding Accrued Interest, Revolving	4		4		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,621		2,621		2,395
Consumer less GFSC and Check Loans | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	520,059		520,059		823,484
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	664,029		664,029		462,014
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	348,910		348,910		333,391
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	239,729		239,729		150,348
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	95,045		95,045		61,219
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	82,256		82,256		65,614
Financing Receivable, Excluding Accrued Interest, Revolving	17,921		17,921		4,366
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	$ 1,967,949		$ 1,967,949		$ 1,900,436

XML

Loans (Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	$ 29,696		$ 29,696		$ 55,542
FinancingReceivableNonaccrualWithAllowance	25,312		25,312		24,154
Interest income recognized	557	$ 355	2,520	$ 1,079
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	7,349,745		7,349,745		7,141,891
Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	35,084		35,084		49,091
Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	5,092		5,092		8,524
Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	4,470		4,470		23,125
Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	44,646		44,646		80,740
Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	4,185		4,185		4,175
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	513,951		513,951		755,626
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	683,053		683,053		746,753
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	609,154		609,154		703,056
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	602,635		602,635		352,528
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	312,904		312,904		197,655
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	529,288		529,288		458,910
Financing Receivable, Excluding Accrued Interest, Revolving	652,999		652,999		657,772
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,903,984		3,903,984		3,872,300
Commercial Portfolio Segment [Member] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	509,665		509,665		743,423
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	662,159		662,159		739,784
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	599,568		599,568		690,176
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	591,057		591,057		341,750
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	309,419		309,419		175,903
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	487,016		487,016		419,793
Financing Receivable, Excluding Accrued Interest, Revolving	614,890		614,890		604,663
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,773,774		3,773,774		3,715,492
Commercial Portfolio Segment [Member] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	862		862		1,984
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	18,672		18,672		4,275
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	5,438		5,438		6,145
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	5,212		5,212		6,678
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	538		538		16,063
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	25,530		25,530		23,880
Financing Receivable, Excluding Accrued Interest, Revolving	29,053		29,053		25,686
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	85,305		85,305		84,711
Commercial Portfolio Segment [Member] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	3,349		3,349		10,219
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	2,170		2,170		2,694
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	3,366		3,366		6,732
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,240		6,240		3,927
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	2,843		2,843		3,668
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	8,539		8,539		14,474
Financing Receivable, Excluding Accrued Interest, Revolving	8,182		8,182		27,231
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	34,689		34,689		68,945
Commercial Portfolio Segment [Member] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	75		75		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	52		52		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	782		782		3
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	126		126		173
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	104		104		2,021
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	8,203		8,203		763
Financing Receivable, Excluding Accrued Interest, Revolving	874		874		192
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	10,216		10,216		3,152
Commercial Financial And Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year					199,298
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					199,330
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year					146,145
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					61,463
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					34,807
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					55,766
Financing Receivable, Excluding Accrued Interest, Revolving					598,429
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss					1,295,238
Commercial Financial And Agricultural [Member] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year					197,497
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					198,999
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year					142,487
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					60,845
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					32,887
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					47,135
Financing Receivable, Excluding Accrued Interest, Revolving					546,237
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss					1,226,087
Commercial Financial And Agricultural [Member] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year					700
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					313
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year					918
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					315
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					4
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					35
Financing Receivable, Excluding Accrued Interest, Revolving					25,536
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss					27,821
Commercial Financial And Agricultural [Member] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year					1,101
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					18
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year					2,737
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					226
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					1,836
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					8,424
Financing Receivable, Excluding Accrued Interest, Revolving					26,464
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss					40,806
Commercial Financial And Agricultural [Member] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year					0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year					3
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					77
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					80
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					172
Financing Receivable, Excluding Accrued Interest, Revolving					192
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss					524
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	710,304		710,304		1,105,487
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	952,214		952,214		716,067
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	583,990		583,990		536,234
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	426,191		426,191		246,469
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	183,593		183,593		119,379
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	399,519		399,519		376,045
Financing Receivable, Excluding Accrued Interest, Revolving	189,950		189,950		169,910
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,445,761		3,445,761		3,269,591
Consumer [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	155		155		1,171
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,663		1,663		489
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,436		1,436		1,697
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	1,218		1,218		1,117
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	636		636		691
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	9,335		9,335		16,918
Financing Receivable, Excluding Accrued Interest, Revolving	244		244		185
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	14,687		14,687		22,268
Consumer [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	710,149		710,149		1,104,316
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	950,551		950,551		715,578
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	582,554		582,554		534,537
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	424,973		424,973		245,352
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	182,957		182,957		118,688
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	390,184		390,184		359,127
Financing Receivable, Excluding Accrued Interest, Revolving	189,706		189,706		169,725
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,431,074		3,431,074		3,247,323
Commercial Financial And Agricultural [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	8,110		8,110		8,242
Commercial Financial And Agricultural [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	4,719		4,719		7,788
Commercial Financial And Agricultural [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	4,470		4,470		23,125
Commercial Financial And Agricultural [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	17,299		17,299		39,155
Construction Real Estate Commercial [Domain]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	575		575		1,712
FinancingReceivableNonaccrualWithAllowance	549		549		0
Interest income recognized	5	6	59	10
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	64,695		64,695		108,628
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	76,264		76,264		41,334
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	7,658		7,658		22,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	18,474		18,474		2,686
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1,897		1,897		2,088
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,806		2,806		3,015
Financing Receivable, Excluding Accrued Interest, Revolving	11,198		11,198		29,183
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	182,992		182,992		208,982
Construction Real Estate Commercial [Domain] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	63,281		63,281		107,976
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	75,994		75,994		40,534
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	7,581		7,581		21,556
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	18,474		18,474		2,686
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1,897		1,897		1,428
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,806		2,806		3,015
Financing Receivable, Excluding Accrued Interest, Revolving	11,198		11,198		29,183
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	181,231		181,231		206,378
Construction Real Estate Commercial [Domain] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		232
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		232
Construction Real Estate Commercial [Domain] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,414		1,414		652
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	270		270		800
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	77		77		260
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		660
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,761		1,761		2,372
Construction Real Estate Commercial [Domain] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
Construction Real Estate Commercial [Domain] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	1,761		1,761		2,372
Construction Real Estate Commercial [Domain] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Construction Real Estate Commercial [Domain] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Construction Real Estate Commercial [Domain] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	1,761		1,761		2,372
Construction Real Estate Commercial [Domain] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	94		94		0
Residential Real Estate Commercial [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	2,237		2,237		1,894
FinancingReceivableNonaccrualWithAllowance	0		0		0
Interest income recognized	37	24	100	64
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	86,316		86,316		107,696
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	109,465		109,465		120,844
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	109,450		109,450		149,543
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	124,237		124,237		57,449
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	52,030		52,030		33,444
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	80,770		80,770		65,677
Financing Receivable, Excluding Accrued Interest, Revolving	20,983		20,983		15,530
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	583,251		583,251		550,183
Residential Real Estate Commercial [Member] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	86,116		86,116		107,086
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	108,555		108,555		120,303
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	108,655		108,655		147,802
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	123,374		123,374		56,980
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	51,584		51,584		33,140
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	79,032		79,032		63,499
Financing Receivable, Excluding Accrued Interest, Revolving	20,793		20,793		15,191
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	578,109		578,109		544,001
Residential Real Estate Commercial [Member] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	338		338		92
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	462		462		1,477
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	607		607		440
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	415		415		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	848		848		1,625
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,670		2,670		3,634
Residential Real Estate Commercial [Member] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	200		200		610
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	572		572		449
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	333		333		264
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	256		256		29
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	31		31		304
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	890		890		553
Financing Receivable, Excluding Accrued Interest, Revolving	190		190		339
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,472		2,472		2,548
Residential Real Estate Commercial [Member] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
Residential Real Estate Commercial [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	2,491		2,491		2,479
Residential Real Estate Commercial [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate Commercial [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate Commercial [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	2,491		2,491		2,479
Residential Real Estate Commercial [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	0		0		0
Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	8,121		8,121		28,291
FinancingReceivableNonaccrualWithAllowance	9,215		9,215		9,867
Interest income recognized	253	15	1,580	45
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,283,485		1,283,485		1,295,238
Commercial Financial Agricultural less PPP and Overdrafts | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	3,132		3,132		3,440
Construction Real Estate Retail
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		1,254
Interest income recognized	0	0	0	4
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	33,399		33,399		72,654
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	50,927		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,846		9,846		8,741
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4,402		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,921		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,128		3,128		2,592
Financing Receivable, Excluding Accrued Interest, Revolving	311		311		75
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	105,934		105,934		116,433
Construction Real Estate Retail | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	0		0		19
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		731
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		523
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		12
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		1,266
Construction Real Estate Retail | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	33,399		33,399		71,923
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	50,927		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,846		9,846		8,218
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4,402		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,921		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,128		3,128		2,580
Financing Receivable, Excluding Accrued Interest, Revolving	311		311		75
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	105,934		105,934		115,167
Residential Real Estate - Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	10,935		10,935		9,260
Interest income recognized	58	43	160	112
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	151,811		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	236,222		236,222		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	224,205		224,205		193,604
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	181,587		181,587		90,664
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	84,007		84,007		56,166
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	307,712		307,712		300,788
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,185,544		1,185,544		1,075,446
Residential Real Estate - Mortgage [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	79		79		90
Residential Real Estate - Mortgage [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate - Mortgage [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Residential Real Estate - Mortgage [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	79		79		90
Residential Real Estate - Mortgage [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	96		96		85
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	976		976		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	706		706		700
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	851		851		650
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	423		423		518
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	8,118		8,118		14,324
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	11,074		11,074		16,192
Residential Real Estate - Mortgage [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	151,811		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	235,246		235,246		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	223,499		223,499		192,904
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	180,736		180,736		90,014
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	83,584		83,584		55,648
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	299,594		299,594		286,464
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,174,470		1,174,470		1,059,254
Residential Real Estate - HELOC [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	957		957		1,133
Interest income recognized	1	5	16	11
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	79		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	181		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	299		299		66
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	102		102		230
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	274		274		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,660		2,660		2,956
Financing Receivable, Excluding Accrued Interest, Revolving	169,661		169,661		163,319
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	173,256		173,256		167,151
Residential Real Estate - HELOC [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	25		25		191
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		43
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		100
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	32		32		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	685		685		999
Financing Receivable, Excluding Accrued Interest, Revolving	240		240		185
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	957		957		1,327
Residential Real Estate - HELOC [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	79		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	181		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	299		299		23
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	102		102		130
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	242		242		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,975		1,975		1,957
Financing Receivable, Excluding Accrued Interest, Revolving	169,421		169,421		163,134
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	172,299		172,299		165,824
Residential Real Estate - Installment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	35		35		51
Interest income recognized	1	1	3	3
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,692		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	168		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		8
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4		4		243
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	165		165		78
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,266		3,266		3,575
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	5,295		5,295		4,091
Residential Real Estate - Installment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	18		18		17
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		7
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		2
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		16
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	35		35		1,063
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	35		35		1,088
Residential Real Estate - Installment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,692		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	168		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		1
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4		4		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	165		165		62
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,231		3,231		2,512
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	5,260		5,260		3,003
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	18,411		18,411		22,965
FinancingReceivableNonaccrualWithAllowance	1,488		1,488		1,539
Interest income recognized	177	237	537	751
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	200,337		200,337		331,290
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	327,148		327,148		379,446
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	351,103		351,103		379,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	336,302		336,302		229,496
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	212,802		212,802		126,323
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	388,316		388,316		333,821
Financing Receivable, Excluding Accrued Interest, Revolving	17,392		17,392		14,630
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,833,400		1,833,400		1,794,054
Commercial Real Estate [Member] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	198,641		198,641		323,235
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	309,027		309,027		374,763
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	343,355		343,355		372,653
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	328,768		328,768		220,072
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	210,212		210,212		107,467
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	356,293		356,293		305,539
Financing Receivable, Excluding Accrued Interest, Revolving	15,401		15,401		14,052
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,761,697		1,761,697		1,717,781
Commercial Real Estate [Member] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	72		72		199
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	16,984		16,984		3,256
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	4,249		4,249		3,388
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	4,336		4,336		5,863
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		16,059
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	24,670		24,670		22,220
Financing Receivable, Excluding Accrued Interest, Revolving	99		99		150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	50,410		50,410		51,135
Commercial Real Estate [Member] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,624		1,624		7,856
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,137		1,137		1,427
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	2,759		2,759		3,007
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	3,198		3,198		3,561
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	2,590		2,590		856
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	7,012		7,012		5,471
Financing Receivable, Excluding Accrued Interest, Revolving	1,892		1,892		428
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	20,212		20,212		22,606
Commercial Real Estate [Member] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	740		740		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		1,941
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	341		341		591
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,081		1,081		2,532
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	22,643		22,643		35,908
Commercial Real Estate [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	21		21		28
Commercial Real Estate [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Commercial Real Estate [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	22,664		22,664		35,936
Commercial Real Estate [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	205		205		130
Finance Leases Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	352		352		680
FinancingReceivableNonaccrualWithAllowance	0		0		28
Interest income recognized	0	9	0	33
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	5,195		5,195		8,714
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	6,349		6,349		3,924
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	2,890		2,890		3,941
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	2,559		2,559		1,434
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	578		578		993
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	858		858		631
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	18,429		18,429		19,637
Finance Leases Portfolio Segment [Member] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	4,530		4,530		7,629
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	5,597		5,597		3,310
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	2,448		2,448		3,347
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	2,276		2,276		1,167
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	483		483		981
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	843		843		605
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	16,177		16,177		17,039
Finance Leases Portfolio Segment [Member] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	665		665		1,085
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	752		752		614
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	442		442		130
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	27		27		60
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	13		13		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1		1		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,900		1,900		1,889
Finance Leases Portfolio Segment [Member] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		464
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	256		256		111
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	82		82		12
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	14		14		26
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	352		352		613
Finance Leases Portfolio Segment [Member] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		96
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		96
Finance Leases Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Finance Leases Portfolio Segment [Member] | Business Assets
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	352		352		708
Finance Leases Portfolio Segment [Member] | Other Collateral
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	0		0		0
Finance Leases Portfolio Segment [Member] | Collateral Pledged [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable Amortized Cost	352		352		708
Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	0		0		9
PPP loans receivable [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		1,875
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,014		1,014		2,331
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	1,413		1,413		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,427		2,427		4,206
PPP loans receivable [Member] | Pass Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		1,875
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,014		1,014		2,331
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	1,413		1,413		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,427		2,427		4,206
PPP loans receivable [Member] | 5 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
PPP loans receivable [Member] | 6 Rated [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
PPP loans receivable [Member] | Impaired [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
PPP loans receivable [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	0		0		0
Bank Overdrafts
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,109		3,109		1,489
Bank Overdrafts | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
Bank Overdrafts | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	3,109		3,109		1,489
Consumer less GFSC and Check Loans
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	2,133		2,133		1,022
Interest income recognized	25	15	65	46
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	520,214		520,214		823,924
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	664,716		664,716		462,503
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	349,640		349,640		333,815
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	240,096		240,096		150,713
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	95,226		95,226		61,376
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	82,753		82,753		66,134
Financing Receivable, Excluding Accrued Interest, Revolving	17,925		17,925		4,366
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,970,570		1,970,570		1,902,831
Consumer less GFSC and Check Loans | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	615		615		284
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	155		155		440
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	687		687		489
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	730		730		424
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	367		367		365
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	181		181		157
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	497		497		520
Financing Receivable, Excluding Accrued Interest, Revolving	4		4		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,621		2,621		2,395
Consumer less GFSC and Check Loans | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	520,059		520,059		823,484
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	664,029		664,029		462,014
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	348,910		348,910		333,391
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	239,729		239,729		150,348
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	95,045		95,045		61,219
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	82,256		82,256		65,614
Financing Receivable, Excluding Accrued Interest, Revolving	17,921		17,921		4,366
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,967,949		1,967,949		1,900,436
Check loans
Financing Receivable, Impaired [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0		0		0
FinancingReceivableNonaccrualWithAllowance	0		0		0
Interest income recognized	0	$ 0	0	$ 0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,053		2,053		2,150
Check loans | Nonperforming Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses allocated	0		0		0
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	0		0		0
Check loans | Performing Financial Instruments [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving	2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	$ 2,053		$ 2,053		$ 2,150

XML

Loans (Aging Of Past Due Loans) (Details) - USD ($) $ in Thousands		Sep. 30, 2023		Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		$ 15,586		$ 17,595
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		7,349,745		7,141,891
Loan balance		7,349,745		7,141,891
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		22,164	[1]	22,085	[2]
Impaired Financing Receivable, Recorded Investment, Nonaccrual loans which are current in regards to contractual P&I payments		33,500		58,900
Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		7,311,995		7,102,211
Construction Real Estate Commercial [Domain]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days				751
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		182,992		208,982
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans	[1]	549
Construction Real Estate Commercial [Domain] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		182,443		208,231
Residential Real Estate Commercial [Member]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		54		519
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		583,251		550,183
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		219	[1]	477	[2]
Residential Real Estate Commercial [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		582,978		549,187
Residential Real Estate - Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		7,584		7,630
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,185,544		1,075,446
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		5,386	[1]	5,157	[2]
Residential Real Estate - Mortgage [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,172,574		1,062,659
Residential Real Estate - HELOC [Member]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		655		832
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		173,256		167,151
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		699	[1]	587	[2]
Residential Real Estate - HELOC [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		171,902		165,732
Residential Real Estate - Installment [Member]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		19		57
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,295		4,091
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans	[2]			4
Residential Real Estate - Installment [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,276		4,030
PPP loans receivable [Member]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days				155
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		4,206
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans				389
PPP loans receivable [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		3,662
Bank Overdrafts
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		1,489
Bank Overdrafts | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		1,489
Construction Real Estate Retail
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		8		1,035
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,934		116,433
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans	[2]			523
Construction Real Estate Retail | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,926		114,875
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		206		737
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,833,400		1,794,054
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans		2,322	[1]	4,738	[2]
Commercial Real Estate [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,830,872		1,788,579
Finance Leases Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		18,429		19,637
Finance Leases Portfolio Segment [Member] | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		18,429		19,637
PPP loans receivable [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		4,206
Check loans
Financing Receivable, Past Due [Line Items]
Accruing loans past due 30-89 days		4		2
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,053		2,150
Check loans | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,049		2,148
Bank Overdrafts
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 3,109		$ 1,489

[1] 1) Includes an aggregate of $0.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.(2) Includes an aggregate of $33.5 million of nonaccrual loans which were current with respect to contractual principal and interest payments

[2] 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 with respect to contractual principal and interest payments.

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Loans (Credit Quality Indicators and Loan Grade) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		$ 7,349,745		$ 7,349,745		$ 7,141,891
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		7,349,745		7,349,745		7,141,891
Financing Receivable, Allowance for Credit Loss, Writeoff		2,293	$ 1,748	7,213	$ 5,497
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		513,951		513,951		755,626
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		683,053		683,053		746,753
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		609,154		609,154		703,056
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		602,635		602,635		352,528
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		312,904		312,904		197,655
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		529,288		529,288		458,910
Financing Receivable, Excluding Accrued Interest, Revolving		652,999		652,999		657,772
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,903,984		3,903,984		3,872,300
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				581
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				581
Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		710,304		710,304		1,105,487
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		952,214		952,214		716,067
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		583,990		583,990		536,234
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		426,191		426,191		246,469
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		183,593		183,593		119,379
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		399,519		399,519		376,045
Financing Receivable, Excluding Accrued Interest, Revolving		189,950		189,950		169,910
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,445,761		3,445,761		3,269,591
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				957
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				2,223
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				1,893
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				635
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				497
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				390
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				37
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				6,632
Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		182,992		182,992		208,982
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		64,695		64,695		108,628
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		76,264		76,264		41,334
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		7,658		7,658		22,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		18,474		18,474		2,686
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		1,897		1,897		2,088
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		2,806		2,806		3,015
Financing Receivable, Excluding Accrued Interest, Revolving		11,198		11,198		29,183
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		182,992		182,992		208,982
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				0
Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		583,251		583,251		550,183
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		86,316		86,316		107,696
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		109,465		109,465		120,844
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		109,450		109,450		149,543
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		124,237		124,237		57,449
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		52,030		52,030		33,444
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		80,770		80,770		65,677
Financing Receivable, Excluding Accrued Interest, Revolving		20,983		20,983		15,530
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		583,251		583,251		550,183
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				0
Residential Real Estate - Installment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		5,295		5,295		4,091
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		1,692		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		168		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		8
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4		4		243
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		165		165		78
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,266		3,266		3,575
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,295		5,295		4,091
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				0
Construction Real Estate Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		105,934		105,934		116,433
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		33,399		33,399		72,654
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		50,927		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		9,846		9,846		8,741
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4,402		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		3,921		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,128		3,128		2,592
Financing Receivable, Excluding Accrued Interest, Revolving		311		311		75
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,934		105,934		116,433
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				0
Residential Real Estate - Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		1,185,544		1,185,544		1,075,446
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		151,811		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		236,222		236,222		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		224,205		224,205		193,604
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		181,587		181,587		90,664
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		84,007		84,007		56,166
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		307,712		307,712		300,788
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,185,544		1,185,544		1,075,446
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				35
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				35
Residential Real Estate - HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		173,256		173,256		167,151
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		79		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		181		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		299		299		66
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		102		102		230
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		274		274		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		2,660		2,660		2,956
Financing Receivable, Excluding Accrued Interest, Revolving		169,661		169,661		163,319
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		173,256		173,256		167,151
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				9
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				9
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment	[1]	1,833,400		1,833,400		1,794,054
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		200,337		200,337		331,290
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		327,148		327,148		379,446
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		351,103		351,103		379,048
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		336,302		336,302		229,496
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		212,802		212,802		126,323
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		388,316		388,316		333,821
Financing Receivable, Excluding Accrued Interest, Revolving		17,392		17,392		14,630
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,833,400		1,833,400		1,794,054
Financing Receivable, Allowance for Credit Loss, Writeoff		0	0	530	598
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				530
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				530
Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		18,429		18,429		19,637
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		5,195		5,195		8,714
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		6,349		6,349		3,924
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		2,890		2,890		3,941
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		2,559		2,559		1,434
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		578		578		993
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		858		858		631
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		18,429		18,429		19,637
Financing Receivable, Allowance for Credit Loss, Writeoff		0	36	0	42
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				0
PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		2,427		2,427		4,206
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		1,875
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		1,014		1,014		2,331
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		1,413		1,413		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		2,427		4,206
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				0
Check loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				34
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				34
Bank Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				704
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				704
Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		1,972,623		1,972,623		1,904,981
Financing Receivable, Allowance for Credit Loss, Writeoff		2,074	$ 1,169	5,884	$ 3,287
Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		1,283,485		1,283,485		1,295,238
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		157,408		157,408
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		163,827		163,827
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		137,039		137,039
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		119,650		119,650
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		45,597		45,597
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		56,538		56,538
Financing Receivable, Excluding Accrued Interest, Revolving		603,426		603,426
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,283,485		1,283,485
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				51
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				51
Consumer less GFSC and Check Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Recorded Investment		1,970,570		1,970,570		1,902,831
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		520,214		520,214		823,924
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		664,716		664,716		462,503
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		349,640		349,640		333,815
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		240,096		240,096		150,713
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		95,226		95,226		61,376
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		82,753		82,753		66,134
Financing Receivable, Excluding Accrued Interest, Revolving		17,925		17,925		4,366
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,970,570		1,970,570		1,902,831
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff				253
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				2,223
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				1,893
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff				635
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				497
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff				346
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff				3
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff				5,850
5 Rated [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		862		862		1,984
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		18,672		18,672		4,275
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		5,438		5,438		6,145
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		5,212		5,212		6,678
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		538		538		16,063
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		25,530		25,530		23,880
Financing Receivable, Excluding Accrued Interest, Revolving		29,053		29,053		25,686
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		85,305		85,305		84,711
5 Rated [Member] | Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		232
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		232
5 Rated [Member] | Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		338		338		92
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		462		462		1,477
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		607		607		440
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		415		415		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		848		848		1,625
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,670		2,670		3,634
5 Rated [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		72		72		199
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		16,984		16,984		3,256
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		4,249		4,249		3,388
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4,336		4,336		5,863
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		16,059
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		24,670		24,670		22,220
Financing Receivable, Excluding Accrued Interest, Revolving		99		99		150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		50,410		50,410		51,135
5 Rated [Member] | Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		665		665		1,085
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		752		752		614
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		442		442		130
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		27		27		60
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		13		13		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		1		1		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,900		1,900		1,889
5 Rated [Member] | PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
5 Rated [Member] | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		125		125
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		598		598
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		285		285
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		242		242
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		110		110
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		11		11
Financing Receivable, Excluding Accrued Interest, Revolving		28,954		28,954
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		30,325		30,325
6 Rated [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		3,349		3,349		10,219
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		2,170		2,170		2,694
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		3,366		3,366		6,732
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		6,240		6,240		3,927
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		2,843		2,843		3,668
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		8,539		8,539		14,474
Financing Receivable, Excluding Accrued Interest, Revolving		8,182		8,182		27,231
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		34,689		34,689		68,945
6 Rated [Member] | Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		1,414		1,414		652
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		270		270		800
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		77		77		260
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		660
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,761		1,761		2,372
6 Rated [Member] | Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		200		200		610
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		572		572		449
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		333		333		264
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		256		256		29
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		31		31		304
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		890		890		553
Financing Receivable, Excluding Accrued Interest, Revolving		190		190		339
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,472		2,472		2,548
6 Rated [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		1,624		1,624		7,856
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,137		1,137		1,427
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		2,759		2,759		3,007
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		3,198		3,198		3,561
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		2,590		2,590		856
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		7,012		7,012		5,471
Financing Receivable, Excluding Accrued Interest, Revolving		1,892		1,892		428
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		20,212		20,212		22,606
6 Rated [Member] | Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		464
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		256		256		111
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		82		82		12
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		14		14		26
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		352		352		613
6 Rated [Member] | PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
6 Rated [Member] | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		111		111
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		191		191
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		197		197
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		2,530		2,530
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		140		140
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		623		623
Financing Receivable, Excluding Accrued Interest, Revolving		6,100		6,100
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		9,892		9,892
Impaired [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		75		75		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		52		52		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		782		782		3
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		126		126		173
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		104		104		2,021
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		8,203		8,203		763
Financing Receivable, Excluding Accrued Interest, Revolving		874		874		192
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		10,216		10,216		3,152
Impaired [Member] | Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Impaired [Member] | Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Impaired [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		740		740		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		1,941
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		341		341		591
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,081		1,081		2,532
Impaired [Member] | Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		96
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		96
Impaired [Member] | PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Impaired [Member] | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		75		75
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		52		52
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		42		42
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		126		126
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		104		104
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		7,862		7,862
Financing Receivable, Excluding Accrued Interest, Revolving		874		874
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		9,135		9,135
Pass Rated [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		509,665		509,665		743,423
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		662,159		662,159		739,784
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		599,568		599,568		690,176
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		591,057		591,057		341,750
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		309,419		309,419		175,903
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		487,016		487,016		419,793
Financing Receivable, Excluding Accrued Interest, Revolving		614,890		614,890		604,663
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,773,774		3,773,774		3,715,492
Pass Rated [Member] | Construction Real Estate Commercial [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		63,281		63,281		107,976
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		75,994		75,994		40,534
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		7,581		7,581		21,556
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		18,474		18,474		2,686
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		1,897		1,897		1,428
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		2,806		2,806		3,015
Financing Receivable, Excluding Accrued Interest, Revolving		11,198		11,198		29,183
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		181,231		181,231		206,378
Pass Rated [Member] | Residential Real Estate Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		86,116		86,116		107,086
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		108,555		108,555		120,303
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		108,655		108,655		147,802
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		123,374		123,374		56,980
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		51,584		51,584		33,140
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		79,032		79,032		63,499
Financing Receivable, Excluding Accrued Interest, Revolving		20,793		20,793		15,191
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		578,109		578,109		544,001
Pass Rated [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		198,641		198,641		323,235
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		309,027		309,027		374,763
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		343,355		343,355		372,653
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		328,768		328,768		220,072
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		210,212		210,212		107,467
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		356,293		356,293		305,539
Financing Receivable, Excluding Accrued Interest, Revolving		15,401		15,401		14,052
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,761,697		1,761,697		1,717,781
Pass Rated [Member] | Finance Leases Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		4,530		4,530		7,629
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		5,597		5,597		3,310
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		2,448		2,448		3,347
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		2,276		2,276		1,167
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		483		483		981
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		843		843		605
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		16,177		16,177		17,039
Pass Rated [Member] | PPP loans receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		1,875
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		1,014		1,014		2,331
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		1,413		1,413		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,427		2,427		4,206
Pass Rated [Member] | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		157,097		157,097
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		162,986		162,986
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		136,515		136,515
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		116,752		116,752
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		45,243		45,243
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		48,042		48,042
Financing Receivable, Excluding Accrued Interest, Revolving		567,498		567,498
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,234,133		1,234,133
Nonperforming Financial Instruments [Member] | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		155		155		1,171
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,663		1,663		489
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		1,436		1,436		1,697
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		1,218		1,218		1,117
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		636		636		691
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		9,335		9,335		16,918
Financing Receivable, Excluding Accrued Interest, Revolving		244		244		185
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		14,687		14,687		22,268
Nonperforming Financial Instruments [Member] | Residential Real Estate - Installment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		7
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		2
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		16
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		35		35		1,063
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		35		35		1,088
Nonperforming Financial Instruments [Member] | Construction Real Estate Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		731
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		523
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		12
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		1,266
Nonperforming Financial Instruments [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		976		976		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		706		706		700
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		851		851		650
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		423		423		518
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		8,118		8,118		14,324
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		11,074		11,074		16,192
Nonperforming Financial Instruments [Member] | Residential Real Estate - HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		43
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		100
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		32		32		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		685		685		999
Financing Receivable, Excluding Accrued Interest, Revolving		240		240		185
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		957		957		1,327
Nonperforming Financial Instruments [Member] | Check loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Nonperforming Financial Instruments [Member] | Bank Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Nonperforming Financial Instruments [Member] | Consumer less GFSC and Check Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		155		155		440
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		687		687		489
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		730		730		424
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		367		367		365
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		181		181		157
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		497		497		520
Financing Receivable, Excluding Accrued Interest, Revolving		4		4		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,621		2,621		2,395
Performing Financial Instruments [Member] | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		710,149		710,149		1,104,316
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		950,551		950,551		715,578
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		582,554		582,554		534,537
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		424,973		424,973		245,352
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		182,957		182,957		118,688
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		390,184		390,184		359,127
Financing Receivable, Excluding Accrued Interest, Revolving		189,706		189,706		169,725
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,431,074		3,431,074		3,247,323
Performing Financial Instruments [Member] | Residential Real Estate - Installment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		1,692		1,692		187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		168		168		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		1
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4		4		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		165		165		62
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,231		3,231		2,512
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		5,260		5,260		3,003
Performing Financial Instruments [Member] | Construction Real Estate Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		33,399		33,399		71,923
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		50,927		50,927		26,134
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		9,846		9,846		8,218
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4,402		4,402		4,619
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		3,921		3,921		1,618
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,128		3,128		2,580
Financing Receivable, Excluding Accrued Interest, Revolving		311		311		75
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		105,934		105,934		115,167
Performing Financial Instruments [Member] | Residential Real Estate - Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		151,811		151,811		207,093
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		235,246		235,246		227,131
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		223,499		223,499		192,904
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		180,736		180,736		90,014
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		83,584		83,584		55,648
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		299,594		299,594		286,464
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,174,470		1,174,470		1,059,254
Performing Financial Instruments [Member] | Residential Real Estate - HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		79		79		140
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		181		181		299
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		299		299		23
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		102		102		130
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		242		242		141
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		1,975		1,975		1,957
Financing Receivable, Excluding Accrued Interest, Revolving		169,421		169,421		163,134
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		172,299		172,299		165,824
Performing Financial Instruments [Member] | Check loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		2,053		2,053		2,150
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,053		2,053		2,150
Performing Financial Instruments [Member] | Bank Overdrafts
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		3,109		3,109		1,489
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Revolving		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		3,109		3,109		1,489
Performing Financial Instruments [Member] | Consumer less GFSC and Check Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year		520,059		520,059		823,484
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year		664,029		664,029		462,014
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		348,910		348,910		333,391
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		239,729		239,729		150,348
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year		95,045		95,045		61,219
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		82,256		82,256		65,614
Financing Receivable, Excluding Accrued Interest, Revolving		17,921		17,921		4,366
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 1,967,949		$ 1,967,949		$ 1,900,436

[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.

XML

Loans Modified (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	Apr. 01, 2019	Jul. 01, 2018
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.34%	0.62%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	1 year 4 months 24 days	1 year 3 months 18 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.10%	0.21%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 7,176,000	$ 15,707,000
Financing Receivable, Modified, Commitment to Lend	3,400,000	3,400,000
Nonaccrual loans	55,008,000	55,008,000	$ 79,696,000
Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Modified [Line Items]
Business Combination, Acquired Receivable, Fair Value	3,800,000	3,800,000	4,700,000	$ 18,400,000	$ 4,900,000
Nonaccrual loans	549,000,000	549,000,000	0
Financial Asset, 30 to 59 Days Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 11,000
Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(0.15%)	0.58%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	6 months	7 months 6 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.38%	0.95%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 4,875,000	$ 12,162,000
Nonaccrual loans	$ 17,336,000	$ 17,336,000	38,158,000
PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.00%	0.00%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0
Nonaccrual loans	$ 0	$ 0	0
Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.00%	0.00%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0
Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	2.34%	2.34%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	1 year 7 months 6 days	1 year 7 months 6 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.47%	0.47%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 865,000	$ 865,000
Nonaccrual loans	$ 1,124,000	$ 1,124,000	1,712,000
Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.00%	0.00%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0
Nonaccrual loans	$ 0	$ 0	1,254,000
Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(2.75%)	(2.47%)
Financing Receivable, Modified, Weighted Average Term Increase from Modification	1 year 1 month 6 days	1 year 4 months 24 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.03%	0.03%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 147,000	$ 158,000
Nonaccrual loans	$ 2,237,000	$ 2,237,000	1,894,000
Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(4.00%)	(2.76%)
Financing Receivable, Modified, Weighted Average Term Increase from Modification	9 months 18 days	7 months 6 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.01%	0.02%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 95,000	$ 229,000
Nonaccrual loans	$ 10,935,000	$ 10,935,000	9,260,000
Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.00%	0.00%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0
Nonaccrual loans	$ 957,000	$ 957,000	1,133,000
Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(0.89%)	(1.21%)
Financing Receivable, Modified, Weighted Average Term Increase from Modification	13 years 7 months 6 days	12 years 10 months 24 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	5.57%	7.12%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 295,000	$ 377,000
Nonaccrual loans	35,000	35,000	51,000
Payment Deferral
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Payment Deferral | Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Extended Maturity
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	2,688,000	2,224,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	1,920,000	452,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	228,000	228,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity | Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	174,000	178,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	409,000	426,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	4,000
Interest Rate Below Market Reduction | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	387,000	387,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Interest Rate Below Market Reduction | Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	4,079,000	13,046,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	281,000
Extended Maturity and Interest Rate Reduction | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	2,568,000	11,312,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction | PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction | Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction | Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	637,000	637,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction | Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction | Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	147,000	158,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	147,000
Extended Maturity and Interest Rate Reduction | Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	95,000	229,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	134,000
Extended Maturity and Interest Rate Reduction | Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Extended Maturity and Interest Rate Reduction | Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	121,000	199,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Principal Forgiveness
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Principal Forgiveness | Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Modification Other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	11,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	11,000	11,000
Modification Other | Commercial Financial Agricultural less PPP and Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	11,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	11,000	11,000
Modification Other | PPP loans receivable [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Bank Overdrafts
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Construction Real Estate Commercial [Domain]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Construction Real Estate Retail
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Residential Real Estate Commercial [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Residential Real Estate - Mortgage [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Residential Real Estate - HELOC [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Modification Other | Residential Real Estate - Installment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 0
Commercial Real Estate [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	2.76%	2.76%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	2 years	3 years 1 month 6 days
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.05%	0.10%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 877,000	$ 1,877,000
Nonaccrual loans	19,899,000	19,899,000	24,504,000
Commercial Real Estate [Member] | Payment Deferral
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Commercial Real Estate [Member] | Extended Maturity
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	366,000	1,366,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Commercial Real Estate [Member] | Interest Rate Below Market Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Commercial Real Estate [Member] | Extended Maturity and Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	511,000	511,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Commercial Real Estate [Member] | Principal Forgiveness
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Commercial Real Estate [Member] | Modification Other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 0
Consumer less GFSC and Check Loans
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	(1.49%)	(2.33%)
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 22,000	$ 39,000
Nonaccrual loans	2,133,000	2,133,000	1,022,000
Consumer less GFSC and Check Loans | Payment Deferral
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Consumer less GFSC and Check Loans | Extended Maturity
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Consumer less GFSC and Check Loans | Interest Rate Below Market Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	22,000	39,000
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	4,000
Consumer less GFSC and Check Loans | Extended Maturity and Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Consumer less GFSC and Check Loans | Principal Forgiveness
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Consumer less GFSC and Check Loans | Modification Other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 0
Check loans
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.00%	0.00%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0
Check loans | Payment Deferral
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Check loans | Extended Maturity
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Check loans | Interest Rate Below Market Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Check loans | Extended Maturity and Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Check loans | Principal Forgiveness
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Check loans | Modification Other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 0
Finance Leases Portfolio Segment [Member]
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.00%	0.00%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	0 years	0 years
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.00%	0.00%
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 0	$ 0
Nonaccrual loans	352,000	352,000	$ 708,000
Finance Leases Portfolio Segment [Member] | Payment Deferral
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Finance Leases Portfolio Segment [Member] | Extended Maturity
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Finance Leases Portfolio Segment [Member] | Interest Rate Below Market Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Finance Leases Portfolio Segment [Member] | Extended Maturity and Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0
Finance Leases Portfolio Segment [Member] | Principal Forgiveness
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	0	0
Finance Leases Portfolio Segment [Member] | Modification Other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 0

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Allowance For Credit Losses (Activity In The Allowance For Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 87,206	$ 81,448	$ 85,379	$ 83,197
Financing Receivable, Allowance for Credit Loss, Writeoff	2,293	1,748	7,213	5,497
Financing Receivable, Allowance for Credit Loss, Recovery	1,269	1,071	4,958	4,685
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	1,024	677	2,255	812
Provision for Loan, Lease, and Other Losses	(1,580)	3,190	1,095	1,576
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	84,602	83,961	84,602	83,961
Ending balance	84,602	83,961	84,602	83,961
Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			383
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest
Commercial Financial And Agricultural [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	16,278	12,747	16,987	14,025
Financing Receivable, Allowance for Credit Loss, Writeoff	218	543	755	1,456
Financing Receivable, Allowance for Credit Loss, Recovery	79	110	209	544
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	139	433	546	912
Provision for Loan, Lease, and Other Losses	(1,171)	563	(1,695)	(236)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	14,968	12,877	14,968	12,877
Ending balance	14,968	12,877	14,968	12,877
Commercial Financial And Agricultural [Member] | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			222
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	19,141	22,339	17,829	25,466
Financing Receivable, Allowance for Credit Loss, Writeoff	0	0	530	598
Financing Receivable, Allowance for Credit Loss, Recovery	3	36	235	624
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	(3)	(36)	295	(26)
Provision for Loan, Lease, and Other Losses	(526)	(1,653)	903	(4,770)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	18,618	20,722	18,618	20,722
Ending balance	18,618	20,722	18,618	20,722
Commercial Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			181
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest
Construction Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,886	4,391	5,550	5,758
Financing Receivable, Allowance for Credit Loss, Writeoff	0	0	0	33
Financing Receivable, Allowance for Credit Loss, Recovery	40	20	548	550
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	(40)	(20)	(548)	(517)
Provision for Loan, Lease, and Other Losses	373	87	(799)	(1,777)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	5,299	4,498	5,299	4,498
Ending balance	5,299	4,498	5,299	4,498
Construction Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest
Residential Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	18,419	13,619	16,831	11,424
Financing Receivable, Allowance for Credit Loss, Writeoff	1	0	44	81
Financing Receivable, Allowance for Credit Loss, Recovery	8	20	479	106
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	(7)	(20)	(435)	(25)
Provision for Loan, Lease, and Other Losses	(1,437)	1,464	(257)	3,654
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	16,989	15,103	16,989	15,103
Ending balance	16,989	15,103	16,989	15,103
Residential Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			(20)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest
Consumer [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	28,370	28,149	28,021	26,286
Financing Receivable, Allowance for Credit Loss, Writeoff	2,074	1,169	5,884	3,287
Financing Receivable, Allowance for Credit Loss, Recovery	1,139	884	3,487	2,859
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	935	285	2,397	428
Provision for Loan, Lease, and Other Losses	1,185	2,699	2,996	4,705
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	28,620	30,563	28,620	30,563
Ending balance	28,620	30,563	28,620	30,563
Consumer [Member] | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest
Finance Leases Portfolio Segment [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	112	203	161	238
Financing Receivable, Allowance for Credit Loss, Writeoff	0	36	0	42
Financing Receivable, Allowance for Credit Loss, Recovery	0	1	0	2
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total	0	35	0	40
Provision for Loan, Lease, and Other Losses	(4)	30	(53)	0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	108	198	108	198
Ending balance	$ 108	$ 198	108	$ 198
Finance Leases Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			$ 0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest

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Allowance For Credit Losses (Composition Of The Allowance For Loan Losses) (Details) - USD ($)		Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 3,422,000		$ 3,566,000
Allowance for loan losses collectively evaluated for impairment		81,180,000		81,813,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		84,602,000	$ 87,206,000	85,379,000	$ 83,961,000	$ 81,448,000	$ 83,197,000
Loans individually evaluated for impairment		40,839,000		78,341,000
Loans collectively evaluated for impairment		7,305,099,000		7,058,897,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		3,807,000		4,653,000
Total ending loan balance, net of accrued interest receivable		$ 7,349,745,000		$ 7,141,891,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		8.38%		4.55%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.11%		1.16%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		1.15%		1.20%
Commercial Financial And Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 3,122,000		$ 3,426,000
Allowance for loan losses collectively evaluated for impairment		11,846,000		13,561,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		14,968,000	16,278,000	16,987,000	12,877,000	12,747,000	14,025,000
Loans individually evaluated for impairment		17,257,000		41,307,000
Loans collectively evaluated for impairment		1,271,722,000		1,259,524,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		42,000		102,000
Total ending loan balance, net of accrued interest receivable		$ 1,289,021,000		$ 1,300,933,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		18.09%		8.29%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		0.93%		1.08%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		1.16%		1.31%
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 205,000		$ 131,000
Allowance for loan losses collectively evaluated for impairment		18,413,000		17,698,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		18,618,000	19,141,000	17,829,000	20,722,000	22,339,000	25,466,000
Loans individually evaluated for impairment		19,869,000		32,423,000
Loans collectively evaluated for impairment		1,810,736,000		1,758,118,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		2,795,000		3,513,000
Total ending loan balance, net of accrued interest receivable	[1]	$ 1,833,400,000		$ 1,794,054,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		1.03%		0.40%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.02%		1.01%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		1.02%		0.99%
Construction Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 95,000		$ 0
Allowance for loan losses collectively evaluated for impairment		5,204,000		5,550,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		5,299,000	4,886,000	5,550,000	4,498,000	4,391,000	5,758,000
Loans individually evaluated for impairment		1,124,000		1,712,000
Loans collectively evaluated for impairment		287,165,000		323,043,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		637,000		660,000
Total ending loan balance, net of accrued interest receivable		$ 288,926,000		$ 325,415,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		8.45%		0.00%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.81%		1.72%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		1.83%		1.71%
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 0		$ 0
Allowance for loan losses collectively evaluated for impairment		16,989,000		16,831,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		16,989,000	18,419,000	16,831,000	15,103,000	13,619,000	11,424,000
Loans individually evaluated for impairment		2,237,000		2,191,000
Loans collectively evaluated for impairment		1,944,776,000		1,794,302,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		333,000		378,000
Total ending loan balance, net of accrued interest receivable		$ 1,947,346,000		$ 1,796,871,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		0.00%		0.00%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		0.87%		0.94%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		0.87%		0.94%
Consumer [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 0		$ 0
Allowance for loan losses collectively evaluated for impairment		28,620,000		28,021,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		28,620,000	28,370,000	28,021,000	30,563,000	28,149,000	26,286,000
Loans individually evaluated for impairment		0		0
Loans collectively evaluated for impairment		1,972,623,000		1,904,981,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		0		0
Total ending loan balance, net of accrued interest receivable		$ 1,972,623,000		$ 1,904,981,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		0.00%		0.00%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		1.45%		1.47%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		1.45%		1.47%
Finance Leases Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for loan losses individually evaluated for impairment		$ 0		$ 9,000
Allowance for loan losses collectively evaluated for impairment		108,000		152,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		0		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		108,000	$ 112,000	161,000	$ 198,000	$ 203,000	$ 238,000
Loans individually evaluated for impairment		352,000		708,000
Loans collectively evaluated for impairment		18,077,000		18,929,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance		0		0
Total ending loan balance, net of accrued interest receivable		$ 18,429,000		$ 19,637,000
Allowance for loan losses as a percentage of loan balance individually evaluated for impairment		0.00%		1.27%
Allowance for loan losses as a percentage of loan balance collectively evaluated for impairment		0.60%		0.80%
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance		0.00%		0.00%
Total ending allowance for loan losses balance as a percentage of loan balance		0.59%		0.82%

[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.

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Allowance For Credit Losses (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans collectively evaluated for impairment	$ 7,305,099,000			$ 7,058,897,000
Loan balance	7,349,745,000			7,141,891,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,085,564,000			1,069,226,000
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	84,602,000	$ 87,206,000		85,379,000	$ 83,961,000	$ 81,448,000		$ 83,197,000
Retained Earnings [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	896,627,000	$ 876,830,000	$ 862,518,000	847,235,000	$ 839,207,000	$ 814,241,000	$ 797,033,000	$ 776,294,000
PPP loans receivable [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loan balance	$ 2,427,000			4,206,000
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest				383,000
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2022-02 [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest				383,000
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2022-02 [Member] | Retained Earnings [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest				$ 303,000

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Mortgage Loans Held For Sale (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gain (Loss) on Sale of Mortgage Loans	$ 44,000		$ 41,000
Mortgages Held-for-sale, Fair Value Disclosure	2,900,000		2,100,000
Gain on sale of loans in secondary market	0	$ 495,000
Financing Receivable, Held-for-Sale				$ 6,300,000
Financing Receivable, Sale		3,900,000
Transfer of Loans Held-for-sale to Portfolio Loans		$ 2,400,000
Real Estate Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group	$ 2,800,000		$ 2,100,000

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Goodwill and other intangibles (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 159,595,000	$ 159,595,000	$ 159,595,000	$ 159,595,000	$ 159,595,000	$ 159,595,000	$ 159,595,000	$ 159,595,000
Other Intangible Assets, Net	4,986,000	6,316,000	4,986,000	6,316,000	5,320,000	5,975,000	6,657,000	7,462,000
Amortization of Intangible Assets	334,000	341,000	989,000	1,146,000
Finite-lived Intangible Assets Acquired	14,456,000		14,456,000			14,456,000
Indefinite-lived Intangible Assets Acquired	1,300,000		1,300,000			1,300,000
Finite-Lived Intangible Assets, Accumulated Amortization	10,770,000		10,770,000			9,781,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	334,000		334,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,215,000		1,215,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,042,000		1,042,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	887,000		887,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	754,000		754,000
Intangible Assets, Gross (Excluding Goodwill)	15,756,000		15,756,000			15,756,000
Intangible Assets, Net (Including Goodwill)	164,581,000	$ 165,911,000	164,581,000	$ 165,911,000	$ 164,915,000	165,570,000	$ 166,252,000	$ 167,057,000
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	9,470,000		9,470,000			8,481,000
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 1,300,000		$ 1,300,000			$ 1,300,000

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Investment in Qualified Affordable Housing (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investment in qualified affordable housing tax credits amortization	$ 2,100	$ 2,000	$ 6,292	$ 5,940
Affordable housing tax credit investments	64,676		64,676		$ 60,968
Affordable Housing Program Obligation	31,553		31,553		28,132
Affordable Housing Tax Credits and Other Tax Benefits, Amount	2,600	2,500	7,600	7,400
Schedule of Equity Method Investments [Line Items]
Investment in qualified affordable housing tax credits amortization	2,100	2,000	6,292	5,940
Affordable Housing Tax Credits and Other Tax Benefits, Amount	2,600	$ 2,500	7,600	$ 7,400
Affordable housing tax credit investments	64,676		64,676		60,968
Affordable Housing Program Obligation	31,553		31,553		28,132
Nonconsolidated Investees, Other
Equity Method Investments and Joint Ventures [Abstract]
Affordable housing tax credit investments	64,676		64,676		60,968
Affordable Housing Program Obligation	31,553		31,553		28,132
Schedule of Equity Method Investments [Line Items]
Affordable housing tax credit investments	64,676		64,676		60,968
Affordable Housing Program Obligation	$ 31,553		$ 31,553		$ 28,132

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Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Repossessed Assets	$ 700		$ 700		$ 600
Other Real Estate, Foreclosed Assets, and Repossessed Assets	1,354		1,354		1,354
Real Estate Owned, Valuation Allowance, Valuation Increase	0	$ 12,009	15	$ 12,039
Gains (Losses) on Sales of Other Real Estate	(6)	5,607	(3)	5,611
All Other [Member]
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Real Estate Owned, Valuation Allowance, Valuation Increase	0	12,009	0	12,009
Gains (Losses) on Sales of Other Real Estate	0	$ 5,607	0	5,607
Residential Real Estate [Member]
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	0		0		0
Mortgage Loans in Process of Foreclosure, Amount	1,877		1,877		1,614
Commercial Real Estate [Member]
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	$ 1,354		1,354		$ 1,354
Commercial Loan
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]
Gains (Losses) on Sales of Other Real Estate			$ 0	$ 5,600

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Loan Servicing (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Transfers and Servicing of Financial Assets [Abstract]
Serviced sold mortgage loans	$ 1,960,000,000	$ 2,090,000,000.00	$ 1,960,000,000	$ 2,090,000,000.00	$ 2,050,000,000.00
Serviced sold mortgage loans with recourse	3,000,000	3,300,000	3,000,000	3,300,000	3,200,000
Servicing fees included in other service income	1,300,000	$ 1,400,000	3,900,000	$ 4,100,000
Mortgage Loans Sold with Recourse, Reserve	$ 54,000		$ 54,000		$ 59,000

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Loan Servicing (Activity For MSRs And Related Valuation Allowance) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Servicing Asset at Amortized Value, Balance [Roll Forward]
Carrying amount, net, beginning of period	$ 15,237,000	$ 16,470,000	$ 15,792,000	$ 15,264,000
Additions	169,000	254,000	437,000	1,336,000
Amortization	(462,000)	(592,000)	(1,366,000)	(1,804,000)
Changes in valuation inputs & assumptions	16,000	59,000	97,000	1,395,000
Carrying amount, net, end of period	14,960,000	16,191,000	14,960,000	16,191,000
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	101,000	232,000	182,000	1,568,000
Changes in valuation allowance	(16,000)	(59,000)	(97,000)	(1,395,000)
Valuation allowance, end of period	$ 85,000	$ 173,000	$ 85,000	$ 173,000

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Leases - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Operating Lease, Right-of-Use Asset	$ 16,349	$ 17,600
Operating Lease, Liability	$ 17,426	$ 19,291
Operating Lease, Weighted Average Remaining Lease Term	10 years	10 years
Operating Lease, Weighted Average Discount Rate, Percent	3.50%	3.30%
Lessee, Operating Lease, Liability, Payments, Due	$ 21,216
Other Assets [Member]
Operating Lease, Right-of-Use Asset	16,300	$ 17,600
Other Liabilities [Member]
Operating Lease, Liability	$ 17,426	$ 19,300

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Leases - Cost and Other information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lease, Cost [Abstract]
Operating Lease, Cost	$ 727	$ 811	$ 2,187	$ 2,286
Sublease Income	(73)	(63)	(199)	(189)
Lease, Cost	654	748	1,988	2,097
Operating Lease, Payments	890	766	2,734	2,307
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	320	88	499	4,270
Operating Lease, Right-of-Use Asset, Periodic Reduction	$ 753	$ 697	$ 2,307	$ 2,090

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Leases - Operating Lease Liabilities Payments Due (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 884
Lessee, Operating Lease, Liability, Payments, Due Year Two	2,515
Lessee, Operating Lease, Liability, Payments, Due Year Three	2,169
Lessee, Operating Lease, Liability, Payments, Due Year Four	2,134
Lessee, Operating Lease, Liability, Payments, Due Year Five	2,040
Lessee, Operating Lease, Liability, Payments, Due after Year Five	11,474
Lessee, Operating Lease, Liability, Payments, Due	21,216
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(3,790)
Operating Lease, Liability	17,426	$ 19,291
Other Liabilities [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	$ 17,426	$ 19,300

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Repurchase Agreement Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	$ 105,786	$ 227,342
Available unpledged securities	1,106,000	1,147,000
Short-term borrowings	352,786	227,342
Securities Sold under Agreements to Repurchase
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Short-term borrowings	179,000	313,100
Maturity Overnight [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	105,786	227,342
Maturity up to 30 days [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	0	0
Maturity 30 to 90 Days [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	0	0
Maturity over 90 days [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	$ 0	$ 0

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Derivatives Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Derivative [Line Items]
Derivative Assets	$ 30,000		$ 30,000		$ 46,000
Interest Income on Interest-rate Swap		$ 0		$ 171,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax				52,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	0	$ 0	0	52,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Reclassification for Discontinuance, before Tax				$ 66,000
Swap [Member]
Derivative [Line Items]
Derivative Liability	123,000		123,000		243,000
Borrowing Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	0		0
Loan Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	18,584,000		18,584,000		21,700,000
Interest Rate Lock Commitment [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 1,700,000		$ 1,700,000		$ 2,100,000

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Derivatives Schedule of Derivative Instruments (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Loan Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 18,584,000	$ 21,700,000
Derivative, Average Fixed Interest Rate	4.512%	4.553%
Derivative, Average Variable Interest Rate	4.512%	4.553%
Derivative, Average Remaining Maturity	6 years 9 months 18 days	7 years 10 months 24 days
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	$ 0	$ 0
Borrowing Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 0

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Derivatives Schedule of Cash Flow Hedges in Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Derivative [Line Items]
Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss)	$ 0	$ 154,000

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Derivatives Schedule of Cash Flow Hedge, Statements of Financial Performance and Position, Location (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Borrowing Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 0
Loan Derivative [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	0	$ 0
Derivative, Notional Amount	18,584,000	21,700,000
Other Assets [Member] | Loan Derivative [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	0	0
Derivative, Notional Amount	0	0
Other Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	1,719,000	1,508,000
Derivative, Notional Amount	18,584,000	21,700,000
Other Liabilities [Member] | Loan Derivative [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	(1,719,000)	(1,508,000)
Derivative, Notional Amount	18,584,000	21,700,000
Other Liabilities [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	(1,719,000)	(1,508,000)
Derivative, Notional Amount	18,584,000	21,700,000
Individually Immaterial Counterparties [Member] | Other Assets [Member] | Loan Derivative [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	1,719,000	1,508,000
Derivative, Notional Amount	18,584,000	21,700,000
Individually Immaterial Counterparties [Member] | Other Liabilities [Member] | Loan Derivative [Member]
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	0	0
Derivative, Notional Amount	$ 0	$ 0

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Other Comprehensive Income (Loss) (Component Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	$ 0	$ 0	$ 0	$ 0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	0	0	0	154,000
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Reclassification Adjustments, after Tax	(19,104,000)	(39,939,000)	(13,496,000)	(140,704,000)
Other comprehensive loss before reclassifications	(19,104,000)	(39,939,000)	(13,496,000)	(140,550,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	0	0	0	52,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	0	0	0	206,000
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax	(19,104,000)	(39,939,000)	(13,496,000)	(140,704,000)
Other comprehensive income (loss)	(19,104,000)	(39,939,000)	(13,496,000)	(140,498,000)
Changes in pension plan assets and benefit obligations, Net-of-tax amount	(6,680,000)	(5,792,000)	(6,680,000)	(5,792,000)	$ 6,680,000	$ 6,680,000	$ 5,792,000	$ 5,792,000
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	0	0	0	0	0	0	0	(206,000)
Unrealized gains on available-for-sale securities, Net-of-tax amount	(109,210,000)	(119,551,000)	(109,210,000)	(119,551,000)	(90,106,000)	(95,714,000)	(79,612,000)	21,153,000
Total accumulated other comprehensive income (loss), Net-of-tax amount	$ (115,890,000)	$ (125,343,000)	$ (115,890,000)	(125,343,000)	$ (96,786,000)	$ (102,394,000)	$ (85,404,000)	$ 15,155,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax				52,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Reclassification for Discontinuance, before Tax				$ 66,000

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Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Treasury Stock, Shares, Acquired	50,000		199,000	0
Performance Shares [Member] | Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	0	0	54,698	52,335

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Earnings Per Common Share (Summary Of Computation Of Basic And Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Income available to common shareholders	$ 36,917	$ 42,068	$ 102,234	$ 115,267
Denominator for basic earnings per share (weighted average common shares outstanding)	16,133,310	16,253,704	16,180,261	16,240,966
Effect of dilutive options and warrants	84,570	121,278	80,848	114,824
Denominator for diluted earnings per share (weighted average common shares outstanding adjusted for the effect of dilutive options and warrants)	16,217,880	16,374,982	16,261,109	16,355,790
Basic earnings per common share	$ 2.29	$ 2.59	$ 6.32	$ 7.10
Diluted earnings per common share	$ 2.28	$ 2.57	$ 6.29	$ 7.05

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Segment Information (Schedule Of Operating Results By Segment) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segments	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments | segments			2
Net interest income	$ 94,269	$ 90,828	$ 278,039	$ 252,453
Provision for credit losses	(1,580)	3,190	1,095	1,576
Other income and security gains	27,713	46,694	77,115	109,543
Total other expense	77,808	82,903	230,196	220,324
Income (loss) before income taxes	45,754	51,429	123,863	140,096
Income Tax Expense (Benefit)	8,837	9,361	21,629	24,829
Net Income	36,917	42,068	102,234	115,267
Assets	10,000,914	9,855,047	10,000,914	9,855,047	$ 9,854,993
PNB [Member]
Segment Reporting Information [Line Items]
Net interest income	96,078	92,035	283,216	254,818
Provision for credit losses	(1,538)	3,235	1,901	2,045
Other income and security gains	27,888	28,918	77,241	89,420
Total other expense	74,623	79,070	220,741	209,500
Income (loss) before income taxes	50,881	38,648	137,815	132,693
Income Tax Expense (Benefit)	10,093	7,133	25,273	24,770
Net Income	40,788	31,515	112,542	107,923
Assets	9,959,528	9,816,644	9,959,528	9,816,644
All Other [Member]
Segment Reporting Information [Line Items]
Net interest income	(1,809)	(1,207)	(5,177)	(2,365)
Provision for credit losses	(42)	(45)	(806)	(469)
Other income and security gains	(175)	17,776	(126)	20,123
Total other expense	3,185	3,833	9,455	10,824
Income (loss) before income taxes	(5,127)	12,781	(13,952)	7,403
Income Tax Expense (Benefit)	(1,256)	2,228	(3,644)	59
Net Income	(3,871)	10,553	(10,308)	7,344
Assets	$ 41,386	$ 38,403	$ 41,386	$ 38,403

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Share Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	187,461					187,461		199,650
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	0			7,049		62,815	55,464
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period						(4,072)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Period Increase (Decrease)						0
Restricted Stock, Shares Issued Net of Shares for Tax Withholdings	0			4,490		38,842	34,247
Share-based Payment Arrangement, Expense	$ 1,300			$ 1,400		$ 5,400	$ 4,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 9,890					$ 9,890
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	182,647					182,647
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Next 12 months	$ 1,341					$ 1,341
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Year 2	4,337					4,337
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Year 3	2,838					2,838
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Year 4	1,184					1,184
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Year 5	$ 190					$ 190
Stock issued during period, shares, withheld for tax, tax restricted stock	0	1,992	21,981	2,559	18,658	23,973	21,217
2017 Employees Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	750,000					750,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	320,302					320,302
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						54,698
2017 Non Employee Directors LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	150,000					150,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	75,000					75,000
Performance Shares [Member] | 2017 Employees Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						54,698	52,335

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Benefit Plan (Components Of Net Periodic Benefit Expense) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Pension plan contributions			$ 0	$ 0
Service cost	$ 1,559,000	$ 2,437,000	4,677,000	7,311,000
Interest cost	1,631,000	1,426,000	4,893,000	4,278,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(334,000)	(590,000)	(1,002,000)	(1,770,000)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	1,559,000	2,437,000	4,677,000	7,311,000
Interest cost	1,631,000	1,426,000	4,893,000	4,278,000
Expected return on plan assets	(3,536,000)	(4,449,000)	(10,608,000)	(13,347,000)
Recognized net actuarial loss	12,000	(4,000)	36,000	(12,000)
Benefit expense	(334,000)	(590,000)	(1,002,000)	(1,770,000)
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	234,000	212,000	702,000	637,000
Interest cost	176,000	183,000	527,000	549,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	410,000	395,000	1,229,000	1,186,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	234,000	212,000	702,000	637,000
Interest cost	176,000	183,000	527,000	549,000
Benefit expense	$ 410,000	$ 395,000	$ 1,229,000	$ 1,186,000

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Fair Value (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	$ 7,092,350,000		$ 7,092,350,000		$ 6,926,294,000
Alternative Investment	46,074,000		46,074,000		44,657,000
Loans Held-for-sale, Fair Value Disclosure	2,866,000		2,866,000		2,149,000
Impaired Financing Receivable, Carrying Value	37,417,000		$ 37,417,000		74,775,000
Discount percentage applied to real estate appraised values			15.00%
Discount percentage applied to lot development appraised values			6.00%
Partial Charge-Offs On Impaired Loans			$ 2,068,000		1,775,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	3,422,000		3,422,000		3,566,000
Impaired Loan Fair Value	2,930,000		2,930,000		5,773,000
Partial Charge-Offs On Impaired Loans carried at Fair Value			1,824,000		1,523,000
Book Value Of Impaired Loans Carried At Fair Value	3,230,000		3,230,000		5,903,000
Impaired Financing Receivable, carried at fair value, related expense	(300,000)	$ 7,000	(900,000)	$ (1,000,000.0)
MSR recorded at lower of cost or fair value	14,960,000	16,191,000	14,960,000	16,191,000	15,792,000	$ 15,237,000	$ 16,470,000	$ 15,264,000
Mortgage Servicing Rights Fair Value	900,000		900,000		1,700,000
Valuation allowance of MSR	85,000	173,000	85,000	173,000	182,000	$ 101,000	$ 232,000	$ 1,568,000
MSRs recorded at cost	14,100,000		14,100,000		14,100,000
Changes due to fair value adjustments	(16,000)	(59,000)	(97,000)	(1,395,000)
Other Real Estate, Foreclosed Assets, and Repossessed Assets	1,354,000		1,354,000		1,354,000
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments	19,400,000		19,400,000		20,300,000
Alternative Investment, income recognized	924,000	$ 97,000	683,000	$ 2,600,000
Fair Value Measured at Net Asset Value Per Share [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Alternative Investment	26,700,000		26,700,000		24,400,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	7,089,454,000		7,089,454,000		6,924,099,000
Impaired Loan Fair Value	2,930,000		2,930,000		5,773,000
Commercial Receivables, excluding Commercial, Financial, and Agricultural [Domain]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired Financing Receivable, Related Allowance	300,000		300,000		130,000
Financing Receivable, not collateral dependent [Domain]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired Financing Receivable, Related Allowance	3,122,000		3,122,000		3,436,000
Fair Value, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	2,930,000		2,930,000		5,773,000
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	2,930,000		2,930,000		5,773,000
Other Real Estate, Foreclosed Assets, and Repossessed Assets	$ 0		$ 0		$ 0

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Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 223,618,000	$ 189,728,000
Investments, Fair Value Disclosure	6,126,000	7,000,000
Mortgage loans held for sale	2,900,000	2,100,000
Mortgage IRLCs	30,000	46,000
Investment securities	1,609,156,000	1,733,696,000
Loans Held-for-sale, Fair Value Disclosure	2,866,000	2,149,000
Impaired Loan Fair Value	2,930,000	5,773,000
Other Assets, Fair Value Disclosure	7,086,524,000	6,918,326,000
Loans Receivable, Fair Value Disclosure	7,092,350,000	6,926,294,000
Time deposits	601,491,000	552,443,000
Other Liabilities, Fair Value Disclosure	4,896,000	1,325,000
Deposits, Fair Value Disclosure	606,387,000	553,768,000
Short Term Borrowings Fair Value	352,786,000	227,342,000
Subordinated Debt Obligations, Fair Value Disclosure	176,506,000	177,928,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	223,618,000	189,728,000
Mortgage IRLCs	0	0
Other Liabilities, Fair Value Disclosure	4,896,000	1,325,000
Deposits, Fair Value Disclosure	4,896,000	1,325,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	30,000	46,000
Investment securities	1,603,030,000	1,726,696,000
Loans Held-for-sale, Fair Value Disclosure	2,866,000	2,149,000
Loans Receivable, Fair Value Disclosure	2,896,000	2,195,000
Time deposits	601,491,000	552,443,000
Deposits, Fair Value Disclosure	601,491,000	552,443,000
Short Term Borrowings Fair Value	352,786,000	227,342,000
Subordinated Debt Obligations, Fair Value Disclosure	176,506,000	177,928,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	0	0
Investment securities	6,126,000	7,000,000
Impaired Loan Fair Value	2,930,000	5,773,000
Other Assets, Fair Value Disclosure	7,086,524,000	6,918,326,000
Loans Receivable, Fair Value Disclosure	7,089,454,000	6,924,099,000
Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage loans held for sale	2,866,000	2,149,000
Mortgage IRLCs	30,000	46,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage loans held for sale	2,866,000	2,149,000
Mortgage IRLCs	30,000	46,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	389,097,000	406,711,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	389,097,000	406,711,000
U S Government Sponsored Entities Asset Backed Securities [Member] | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	640,282,000	756,761,000
U S Government Sponsored Entities Asset Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	640,282,000	756,761,000
Loans Receivable [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	1,719,000	1,508,000
Loans Receivable [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	0	0
Loans Receivable [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	1,719,000	1,508,000
Swap	1,719,000	1,508,000
Loans Receivable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	0	0
Loans Receivable [Member] | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	1,719,000	1,508,000
Swap	1,719,000	1,508,000
Loans Receivable [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	1,719,000	1,508,000
Swap	1,719,000	1,508,000
Equity Securities [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	2,794,000	1,859,000
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	2,328,000	1,420,000
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	466,000	439,000
Equity Securities [Member] | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	2,794,000	1,859,000
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	2,328,000	1,420,000
Equity Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	466,000	439,000
Swap [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	123,000	243,000
Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	123,000	243,000
Swap [Member] | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	123,000	243,000
Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	123,000	243,000
Corporate Debt Securities
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	17,586,000	16,472,000
Corporate Debt Securities | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	11,460,000	9,472,000
Collateralized Loan Obligations | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	524,891,000	516,539,000
Collateralized Loan Obligations | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	524,891,000	516,539,000
US Government Corporations and Agencies Securities | Fair Value, Recurring [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	37,300,000	37,213,000
US Government Corporations and Agencies Securities | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investments, Fair Value Disclosure	37,300,000	37,213,000
Reported Value Measurement [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	223,618,000	189,728,000
Mortgage IRLCs	30,000	46,000
Investment securities	1,609,156,000	1,733,696,000
Loans Held-for-sale, Fair Value Disclosure	2,866,000	2,149,000
Impaired Loan Fair Value	2,930,000	5,773,000
Other Assets, Fair Value Disclosure	7,259,317,000	7,048,544,000
Loans Receivable, Fair Value Disclosure	7,265,143,000	7,056,512,000
Time deposits	603,165,000	554,445,000
Other Liabilities, Fair Value Disclosure	4,896,000	1,325,000
Deposits, Fair Value Disclosure	608,061,000	555,770,000
Short Term Borrowings Fair Value	352,786,000	227,342,000
Subordinated Debt Obligations, Fair Value Disclosure	189,025,000	188,667,000
Reported Value Measurement [Member] | Loans Receivable [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Mortgage IRLCs	1,719,000	1,508,000
Swap	1,719,000	1,508,000
Reported Value Measurement [Member] | Equity Securities [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Investment securities	2,794,000	1,859,000
Reported Value Measurement [Member] | Swap [Member]
Fair Value, Assets And Liabilities Measured On Recurring Basis [Line Items]
Swap	$ 123,000	$ 243,000

XML

Fair Value (Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis) (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Sep. 30, 2023

Sep. 30, 2022

Jun. 30, 2023

Dec. 31, 2022

Jun. 30, 2022

Dec. 31, 2021

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Investments, Fair Value Disclosure

$ 6,126

$ 6,126

$ 7,000

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Included in other comprehensive income

11

$ 0

$ 27

$ (30)

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis

The following tables present a reconciliation of the beginning and ending balances of the Level 3 inputs for the three-month and the nine-month periods ended September 30, 2023 and 2022, for financial instruments measured on a recurring basis and classified as Level 3:

Level 3 Fair Value Measurements
Three months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at July 1, 2023	$	6,116	$	455	$	(296)
Transfer into (out of) level 3, net	—		—		—
Total (losses) / gains
Included in other income / other expense	—		11		—
Included in other comprehensive income	10		—		—
Purchases, sales, issuances and settlements, other, net	—		—		173
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at July 1, 2022	$	—	$	491	$	(447)
Total losses
Included in other income / other expense	—		(22)		—
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Level 3 Fair Value Measurements
Nine months ended September 30, 2023 and 2022
(In thousands)	Corporate debt securities		Equity securities		Fair value swap
Balance at January 1, 2023	$	7,000	$	439	$	(243)
Transfers into (out of) level 3, net	11		—		—
Total (losses) / gains
Included in other income / other (expense)	—		27		(175)
Included in other comprehensive income	(885)		—		—
Purchases, sales, issuances and settlements, other, net	—		—		295
Balance at September 30, 2023	$	6,126	$	466	$	(123)
Balance at January 1, 2022	$	—	$	499	$	(226)
Total losses
Included in other income / other (expense)	—		(30)		(221)
Purchases, sales, issuances and settlements, other, net	—		—		204
Balance at September 30, 2022	$	—	$	469	$	(243)

Equity Securities [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Included in other comprehensive income

(22)

Swap [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Included in other comprehensive income

0

Corporate Debt Securities

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Investments, Fair Value Disclosure

17,586

$ 17,586

16,472

Fair Value, Recurring [Member] | Equity Securities [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Investments, Fair Value Disclosure

2,794

2,794

1,859

Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)

10

(885)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3

0

11

Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Investments, Fair Value Disclosure

466

466

439

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Balance, beginning

466

469

466

469

$ 455

439

$ 491

$ 499

Balance, ending

466

469

466

469

455

439

491

499

Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Swap [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Balance, beginning

(123)

(243)

(123)

(243)

(296)

(243)

(447)

(226)

Included in other comprehensive income

0

(175)

(221)

Balance, ending

(123)

(243)

(123)

(243)

(296)

(243)

(447)

(226)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, (Sales), Issuances, (Settlements)

173

204

295

204

Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Balance, beginning

6,126

0

6,126

0

6,116

7,000

0

0

Balance, ending

$ 6,126

$ 0

$ 6,126

$ 0

$ 6,116

$ 7,000

$ 0

$ 0

XML

Fair Value Fair Value (Assets and liabilities measured at fair value on a nonrecurring basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 7,092,350	$ 6,926,294
Other Assets, Fair Value Disclosure	7,086,524	6,918,326
Other Repossessed Assets	700	600
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,896	2,195
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	7,089,454	6,924,099
Other Assets, Fair Value Disclosure	7,086,524	6,918,326
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,930	5,773
Servicing Asset at Fair Value, Amount	872	1,717
Fair Value, Nonrecurring [Member] | Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	186	200
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset at Fair Value, Amount	872	1,717
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,930	5,773
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	186	200
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,289	5,573
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	2,289	5,573
Construction Real Estate Commercial [Domain] | Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	455
Construction Real Estate Commercial [Domain] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	455
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	7,265,143	7,056,512
Other Assets, Fair Value Disclosure	$ 7,259,317	$ 7,048,544

XML

Fair Value Qualitative information about Level 3 fair value measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value	$ 2,930	$ 5,773
Other Assets, Fair Value Disclosure	7,086,524	6,918,326
Loans Held-for-sale, Fair Value Disclosure	2,866	2,149
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value	2,930	5,773
Other Assets, Fair Value Disclosure	7,086,524	6,918,326
Fair Value, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans Receivable [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value		5,573
Fair Value, Nonrecurring [Member] | Residential Real Estate [Member] | Loans Receivable [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value		200
Estimate of Fair Value Measurement [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value		$ 5,773
Estimate of Fair Value Measurement [Member] | Fair Value, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value	2,289
Estimate of Fair Value Measurement [Member] | Fair Value, Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired Loan Fair Value	$ 186

XML

Fair Value Fair Value (Impaired Financing Receivables Additional Information) (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Book Value Of Impaired Loans Carried At Fair Value	$ 3,230	$ 5,903
Partial Charge-Offs On Impaired Loans carried at Fair Value	1,824	1,523
impaired Financing Receivable, loans not held at Fair Value, Carrying Amount	34,487	69,002
Impaired Financing Receivable, Recorded Investment	40,839	78,341
Impaired Loan Fair Value	2,930	5,773
Impaired Financing Receivable, loans not held at Fair Value, Recorded Investment	37,609	72,438
Partial Charge-offs on Impaired Loans carried at Cost	244	252
Impaired Financing Receivable, Carrying Value	37,417	74,775
Partial Charge-Offs On Impaired Loans	2,068	1,775
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	3,422	3,566
Estimate of Fair Value Measurement [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value		5,773
Commercial Real Estate [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	205	131
Fair Value, Inputs, Level 3 [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value	2,930	5,773
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Nonrecurring [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value	2,289
Fair Value, Inputs, Level 3 [Member] | Residential Real Estate [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Nonrecurring [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value	186
Fair Value, Inputs, Level 3 [Member] | Construction Real Estate Commercial [Domain] | Estimate of Fair Value Measurement [Member] | Fair Value, Nonrecurring [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value	455
Financing Receivable, not collateral dependent [Domain]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Financing Receivable, Related Allowance	3,122	3,436
Commercial Receivables, excluding Commercial, Financial, and Agricultural [Domain]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Financing Receivable, Related Allowance	$ 300	130
Loans Receivable [Member] | Commercial Real Estate [Member] | Fair Value, Nonrecurring [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value		5,573
Loans Receivable [Member] | Residential Real Estate [Member] | Fair Value, Nonrecurring [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loan Fair Value		$ 200
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.252	0.194
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.078	0.079
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Revenue Multiple | Valuation, Cost Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input		0.114
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Appraised Value | Valuation, Cost Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input		0.388
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Real Estate [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.077	0.174
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Real Estate Commercial [Domain] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.100
Loans Receivable [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Real Estate Commercial [Domain] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.073
Loans Receivable [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.000	0.000
Loans Receivable [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.073	0.070
Loans Receivable [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Revenue Multiple | Valuation, Cost Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input		0.100
Loans Receivable [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Real Estate [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.012	0.019
Loans Receivable [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Real Estate Commercial [Domain] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.000
Loans Receivable [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Real Estate Commercial [Domain] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.073
Loans Receivable [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	2.020	2.020
Loans Receivable [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.085	0.100
Loans Receivable [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Revenue Multiple | Valuation, Cost Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input		0.120
Loans Receivable [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member] | Measurement Input, Appraised Value | Valuation, Cost Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input		0.388
Loans Receivable [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Real Estate [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.786	1.198
Loans Receivable [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Real Estate Commercial [Domain] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member]
Schedule of Impaired Financing Receivables Additional Information [Line Items]
Impaired Loans Receivable, Measurement Input	0.200

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Fair Value (Fair Value Of Financial Instruments) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and money market instruments	$ 223,618,000	$ 189,728,000
Investment securities	1,609,156,000	1,733,696,000
Loans Held-for-sale, Fair Value Disclosure	2,866,000	2,149,000
Derivative Assets	30,000	46,000
Impaired Loan Fair Value	2,930,000	5,773,000
Other loans	7,086,524,000	6,918,326,000
Loans receivable, net	7,092,350,000	6,926,294,000
Time deposits	601,491,000	552,443,000
Other	4,896,000	1,325,000
Total deposits	606,387,000	553,768,000
Short-term borrowings	352,786,000	227,342,000
Subordinated debentures/notes	176,506,000	177,928,000
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	30,000	46,000
Impaired Loan Fair Value		5,773,000
Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Swap	1,719,000	1,508,000
Loans [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	1,719,000	1,508,000
Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	2,794,000	1,859,000
Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Swap	123,000	243,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and money market instruments	223,618,000	189,728,000
Derivative Assets	0	0
Other	4,896,000	1,325,000
Total deposits	4,896,000	1,325,000
Fair Value, Inputs, Level 1 [Member] | Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	0	0
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	2,328,000	1,420,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	1,603,030,000	1,726,696,000
Loans Held-for-sale, Fair Value Disclosure	2,866,000	2,149,000
Derivative Assets	30,000	46,000
Loans receivable, net	2,896,000	2,195,000
Time deposits	601,491,000	552,443,000
Total deposits	601,491,000	552,443,000
Short-term borrowings	352,786,000	227,342,000
Subordinated debentures/notes	176,506,000	177,928,000
Fair Value, Inputs, Level 2 [Member] | Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	1,719,000	1,508,000
Swap	1,719,000	1,508,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	6,126,000	7,000,000
Derivative Assets	0	0
Impaired Loan Fair Value	2,930,000	5,773,000
Other loans	7,086,524,000	6,918,326,000
Loans receivable, net	7,089,454,000	6,924,099,000
Fair Value, Inputs, Level 3 [Member] | Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets	0	0
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	466,000	439,000
Fair Value, Inputs, Level 3 [Member] | Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Swap	$ 123,000	$ 243,000

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Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Personal trust and agency accounts	$ 2,593	$ 2,411	$ 7,668	$ 7,681
Employee benefit and retirement-related accounts	2,568	2,353	7,507	7,384
Investment management and investment advisory agency accounts	3,407	3,000	9,842	9,403
Other	532	452	1,514	1,404
Non-sufficient funds (NSF) fees	943	1,722	2,864	4,658
Demand deposit account (DDA) charges	1,060	996	3,167	2,425
Other	106	141	360	413
Credit card	719	734	2,132	2,091
HELOC	100	103	297	297
Installment	39	40	123	128
Real estate	1,497	1,692	4,462	8,685
Commercial	260	387	937	1,514
Debit card fee income	6,652	6,514	19,939	19,371
Bank owned life insurance income	1,448	1,185	3,965	4,734
ATM Fees	575	610	1,661	1,725
Gains (Losses) on Sales of Other Real Estate	(6)	5,607	(3)	5,611
Real Estate Owned, Valuation Allowance, Valuation Increase	0	12,009	15	12,039
Gain on equity securities, net	998	58	618	3,120
Other components of net periodic benefit income	1,893	3,027	5,679	9,081
Other	2,329	3,653	4,368	7,779
Total other income	27,713	46,694	77,115	109,543
Bank Servicing [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	2,615	2,956	7,951	12,715
Within Scope [Domain]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1,300	1,400	4,100	4,300
Out of Scope [Domain]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1,300	1,600	3,900	8,400
PNB [Member]
Disaggregation of Revenue [Line Items]
Personal trust and agency accounts	2,593	2,411	7,668	7,681
Employee benefit and retirement-related accounts	2,568	2,353	7,507	7,384
Investment management and investment advisory agency accounts	3,407	3,000	9,842	9,403
Other	532	452	1,514	1,404
Non-sufficient funds (NSF) fees	943	1,722	2,864	4,658
Demand deposit account (DDA) charges	1,060	996	3,167	2,425
Other	106	141	360	413
Credit card	719	734	2,132	2,091
HELOC	100	103	297	297
Installment	39	40	123	128
Real estate	1,497	1,692	4,462	8,685
Commercial	260	384	802	1,039
Debit card fee income	6,652	6,514	19,939	19,371
Bank owned life insurance income	1,394	1,133	3,807	3,356
ATM Fees	575	610	1,661	1,725
Gains (Losses) on Sales of Other Real Estate	(6)	0	(3)	4
Real Estate Owned, Valuation Allowance, Valuation Increase	0	0	15	30
Gain on equity securities, net	1,264	25	1,146	2,285
Other components of net periodic benefit income	1,857	2,955	5,571	8,864
Other	2,328	3,653	4,367	8,177
Total other income	27,888	28,918	77,241	89,420
All Other [Member]
Disaggregation of Revenue [Line Items]
Personal trust and agency accounts	0	0	0	0
Employee benefit and retirement-related accounts	0	0	0	0
Investment management and investment advisory agency accounts	0	0	0	0
Other	0	0	0	0
Non-sufficient funds (NSF) fees	0	0	0	0
Demand deposit account (DDA) charges	0	0	0	0
Other	0	0	0	0
Credit card	0	0	0	0
HELOC	0	0	0	0
Installment	0	0	0	0
Real estate	0	0	0	0
Commercial	0	3	135	475
Debit card fee income	0	0	0	0
Bank owned life insurance income	54	52	158	1,378
ATM Fees	0	0	0	0
Gains (Losses) on Sales of Other Real Estate	0	5,607	0	5,607
Real Estate Owned, Valuation Allowance, Valuation Increase	0	12,009	0	12,009
Gain on equity securities, net	(266)	33	(528)	835
Other components of net periodic benefit income	36	72	108	217
Other	1	0	1	(398)
Total other income	$ (175)	$ 17,776	$ (126)	$ 20,123