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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, 2023December 31, 2022
(In thousands)Amortized CostAmortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)
$1,283,485 $1,295,238 
PPP loans2,427 4,206 
Overdrafts3,109 1,489 
Commercial real estate (1)
1,833,400 1,794,054 
Construction real estate:  
Commercial182,992 208,982 
Retail105,934 116,433 
Residential real estate:  
Commercial583,251 550,183 
Mortgage1,185,544 1,075,446 
HELOC173,256 167,151 
Installment5,295 4,091 
Consumer:
Consumer1,970,570 1,902,831 
Check loans2,053 2,150 
Leases18,429 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 estate19,899 — 19,899 
Construction real estate:   
Commercial1,124 — 1,124 
Retail— — — 
Residential real estate:   
Commercial2,237 — 2,237 
Mortgage10,935 139 11,074 
HELOC957 — 957 
Installment35 — 35 
Consumer:
Consumer2,133 488 2,621 
Check loans— — — 
Leases352 — 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 AccruingTotal
Nonperforming
Loans
Commercial, financial and agricultural
Commercial, financial and agricultural$38,158 $3,261 $— $41,419 
PPP loans— — 389 389 
Overdrafts— — — — 
Commercial real estate24,504 7,919 — 32,423 
Construction real estate:   
Commercial1,712 — — 1,712 
Retail1,254 12 — 1,266 
Residential real estate:    
Commercial1,894 298 — 2,192 
Mortgage9,260 6,750 182 16,192 
HELOC1,133 187 7 1,327 
Installment51 1,037 — 1,088 
Consumer
Consumer1,022 670 703 2,395 
Check loans— — — — 
Leases708 — — 708 
Total loans$79,696 $20,134 $1,281 $101,111 
Financing Receivable, Nonaccrual
The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at September 30, 2023 and December 31, 2022:

September 30, 2023
(In thousands)Nonaccrual Loans With No ACLNonaccrual Loans With an ACLRelated ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural$8,121 $9,215 $3,132 
PPP loans— — — 
Overdrafts— — — 
Commercial real estate18,411 1,488 205 
Construction real estate:
Commercial575 549 94 
Retail— — — 
Residential real estate:
Commercial2,237 — — 
Mortgage— 10,935 96 
HELOC— 957 25 
Installment— 35 18 
Consumer
Consumer— 2,133 615 
Check loans— — — 
Leases352 — — 
Total loans$29,696 $25,312 $4,185 
December 31, 2022
(In thousands)Nonaccrual Loans With No ACLNonaccrual Loans With an ACLRelated ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural$28,291 $9,867 $3,440 
PPP loans— — — 
Overdrafts— — — 
Commercial real estate22,965 1,539 130 
Construction real estate:
Commercial1,712 — — 
Retail— 1,254 19 
Residential real estate:
Commercial1,894 — — 
Mortgage— 9,260 85 
HELOC— 1,133 191 
Installment— 51 17 
Consumer
Consumer— 1,022 284 
Check loans— — — 
Leases680 28 9 
Total$55,542 $24,154 $4,175 
Schedule of impaired financing receivables additional info
The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, at September 30, 2023 and at December 31, 2022:

 September 30, 2023
(In thousands)Real EstateBusiness AssetsOtherTotal
Commercial, financial and agricultural
Commercial, financial and agricultural$8,110 $4,719 $4,470 $17,299 
Commercial real estate22,643 21 — 22,664 
Construction real estate:
Commercial1,761 — — 1,761 
Residential real estate:
Commercial2,491 — — 2,491 
Mortgage79 — — 79 
Leases— 352 — 352 
Total loans$35,084 $5,092 $4,470 $44,646 
 December 31, 2022
(In thousands)Real EstateBusiness AssetsOtherTotal
Commercial, financial and agricultural
Commercial, financial and agricultural$8,242 $7,788 $23,125 $39,155 
Commercial real estate35,908 28 — 35,936 
Construction real estate:
Commercial2,372 — — 2,372 
Residential real estate:
Commercial2,479 — — 2,479 
Mortgage90 — — 90 
Leases— 708 — 708 
Total loans$49,091 $8,524 $23,125 $80,740 

Interest income on nonaccrual loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment in the loans. The following table presents interest income recognized on nonaccrual loans for the three-month and the 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 estate177 237 537 751 
Construction real estate:
Commercial5 6 59 10 
Retail— — — 4 
Residential real estate:
Commercial37 24 100 64 
Mortgage58 43 160 112 
HELOC1 5 16 11 
Installment1 1 3 3 
Consumer:
Consumer25 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 estate206 2,322 2,528 1,830,872 1,833,400 
Construction real estate:
Commercial— 549 549 182,443 182,992 
Retail8 — 8 105,926 105,934 
Residential real estate:
Commercial54 219 273 582,978 583,251 
Mortgage7,584 5,386 12,970 1,172,574 1,185,544 
HELOC655 699 1,354 171,902 173,256 
Installment19 — 19 5,276 5,295 
Consumer:
Consumer6,732 838 7,570 1,963,000 1,970,570 
Check loans4 — 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 loans155 389 544 3,662 4,206 
Overdrafts— — — 1,489 1,489 
Commercial real estate737 4,738 5,475 1,788,579 1,794,054 
Construction real estate:
Commercial751 — 751 208,231 208,982 
Retail1,035 523 1,558 114,875 116,433 
Residential real estate:
Commercial519 477 996 549,187 550,183 
Mortgage7,630 5,157 12,787 1,062,659 1,075,446 
HELOC832 587 1,419 165,732 167,151 
Installment57 4 61 4,030 4,091 
Consumer
Consumer5,499 964 6,463 1,896,368 1,902,831 
Check loans2 — 2 2,148 2,150 
Leases— — — 19,637 19,637 
Total loans$17,595 $22,085 $39,680 $7,102,211 $7,141,891 
(1) Includes an aggregate of $1.3 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $58.9 million of nonaccrual loans which were current 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, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass$157,097 $162,986 $136,515 $116,752 $45,243 $48,042 $567,498 $1,234,133 
Special Mention125 598 285 242 110 11 28,954 30,325 
Substandard111 191 197 2,530 140 623 6,100 9,892 
Doubtful75 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 Mention72 16,984 4,249 4,336 — 24,670 99 50,410 
Substandard1,624 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— — — — — — — — 
Substandard1,414 270 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, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
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 
Substandard200 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 Mention665 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 Mention862 18,672 5,438 5,212 538 25,530 29,053 85,305 
Substandard3,349 2,170 3,366 6,240 2,843 8,539 8,182 34,689 
Doubtful75 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, 2022Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass$197,497 $198,999 $142,487 $60,845 $32,887 $47,135 $546,237 $1,226,087 
Special Mention700 313 918 315 4 35 25,536 27,821 
Substandard1,101 18 2,737 226 1,836 8,424 26,464 40,806 
Doubtful— — 3 77 80 172 192 524 
Total $199,298 $199,330 $146,145 $61,463 $34,807 $55,766 $598,429 $1,295,238 
Commercial, financial and agricultural: PPP
Risk rating
Pass$— $1,875 $2,331 $— $— $— $— $4,206 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total$— $1,875 $2,331 $— $— $— $— $4,206 
Commercial real estate (1)
Risk rating
Pass$323,235 $374,763 $372,653 $220,072 $107,467 $305,539 $14,052 $1,717,781 
Special Mention199 3,256 3,388 5,863 16,059 22,220 150 51,135 
Substandard7,856 1,427 3,007 3,561 856 5,471 428 22,606 
Doubtful— — — — 1,941 591 — 2,532 
Total$331,290 $379,446 $379,048 $229,496 $126,323 $333,821 $14,630 $1,794,054 
Construction real estate: Commercial
Risk rating
Pass$107,976 $40,534 $21,556 $2,686 $1,428 $3,015 $29,183 $206,378 
Special Mention— — 232 — — — — 232 
Substandard652 800 260 — 660 — — 2,372 
Doubtful— — — — — — — — 
Total$108,628 $41,334 $22,048 $2,686 $2,088 $3,015 $29,183 $208,982 
Residential Real Estate: Commercial
Risk rating
Pass$107,086 $120,303 $147,802 $56,980 $33,140 $63,499 $15,191 $544,001 
Special Mention— 92 1,477 440 — 1,625 — 3,634 
Substandard610 449 264 29 304 553 339 2,548 
Doubtful— — — — — — — — 
Total$107,696 $120,844 $149,543 $57,449 $33,444 $65,677 $15,530 $550,183 
December 31, 2022Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Leases
Risk rating
Pass$7,629 $3,310 $3,347 $1,167 $981 $605 $— $17,039 
Special Mention1,085 614 130 60 — — — 1,889 
Substandard— — 464 111 12 26 — 613 
Doubtful— — — 96 — — — 96 
Total$8,714 $3,924 $3,941 $1,434 $993 $631 $— $19,637 
Total Commercial Loans
Risk rating
Pass$743,423 $739,784 $690,176 $341,750 $175,903 $419,793 $604,663 $3,715,492 
Special Mention1,984 4,275 6,145 6,678 16,063 23,880 25,686 84,711 
Substandard10,219 2,694 6,732 3,927 3,668 14,474 27,231 68,945 
Doubtful— — 3 173 2,021 763 192 3,152 
Total$755,626 $746,753 $703,056 $352,528 $197,655 $458,910 $657,772 $3,872,300 
(1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class.
September 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
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, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
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 
Nonperforming155 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, 2022Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Overdrafts
Performing$1,489 $— $— $— $— $— $— $1,489 
Nonperforming
— — — — — — — — 
Total 1,489 $— $— $— $— $— $— $1,489 
Construction Real Estate: Retail
Performing$71,923 $26,134 $8,218 $4,619 $1,618 $2,580 $75 $115,167 
Nonperforming
731 — 523 — — 12 — 1,266 
Total $72,654 $26,134 $8,741 $4,619 $1,618 $2,592 $75 $116,433 
Residential Real Estate: Mortgage
Performing$207,093 $227,131 $192,904 $90,014 $55,648 $286,464 $— $1,059,254 
Nonperforming
— — 700 650 518 14,324 — 16,192 
Total $207,093 $227,131 $193,604 $90,664 $56,166 $300,788 $— $1,075,446 
Residential Real Estate: HELOC
Performing$140 $299 $23 $130 $141 $1,957 $163,134 $165,824 
Nonperforming
— — 43 100 — 999 185 1,327 
Total $140 $299 $66 $230 $141 $2,956 $163,319 $167,151 
Residential Real Estate: Installment
Performing$187 $— $1 $241 $62 $2,512 $— $3,003 
Nonperforming
— — 7 2 16 1,063 — 1,088 
Total $187 $— $8 $243 $78 $3,575 $— $4,091 
Consumer: Consumer
Performing$823,484 $462,014 $333,391 $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 ForgivenessPayment DelayTerm ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOtherTotalPercent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural $— $— $1,920 $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 ForgivenessPayment DelayTerm ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOtherTotalPercent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural $— $— $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 ForgivenessWeighted Average Interest Rate AdjustmentWeighted 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 ForgivenessWeighted Average Interest Rate AdjustmentWeighted 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 ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOther
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 ExtensionInterest Rate AdjustmentCombination Term Extension and Interest Rate AdjustmentOther
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.