Loans (Tables)

6 Months Ended

Jun. 30, 2024

Loans and Leases Receivable Disclosure [Line Items]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio at June 30, 2024 and at December 31, 2023 was as follows:

 

	June 30, 2024		December 31, 2023
(In thousands)	Amortized Cost		Amortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)	$	1,324,853	$	1,292,025
PPP loans	1,404		2,116
Overdrafts	4,108		1,499
Commercial real estate (1)	1,942,490		1,875,993
Construction real estate:
Commercial	232,736		209,226
Retail	102,934		95,873
Residential real estate:
Commercial	616,142		609,410
Mortgage	1,286,503		1,239,861
HELOC	185,558		174,349
Installment	6,060		5,904
Consumer:
Consumer	1,931,173		1,943,869
Check loans	1,960		2,067
Leases	28,456		24,029
Total	$	7,664,377	$	7,476,221
Allowance for credit losses	(86,575)		(83,745)
Net loans	$	7,577,802	$	7,392,476

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

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

The following tables present the amortized cost of nonaccrual loans and loans past due 90 days or more and still accruing, by class of loan, at June 30, 2024 and December 31, 2023.

 

	June 30, 2024
(In thousands)	Nonaccrual Loans		Loans Past Due 90 Days  or More and Accruing		Total Nonperforming Loans
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	26,823	$	—	$	26,823
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	24,052		—		24,052
Construction real estate:
Commercial	37		—		37
Retail	173		—		173
Residential real estate:
Commercial	4,091		—		4,091
Mortgage	13,124		576		13,700
HELOC	813		—		813
Installment	15		—		15
Consumer:
Consumer	2,200		801		3,001
Check loans	—		—		—
Leases	40		—		40
Total loans	$	71,368	$	1,377	$	72,745

	December 31, 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	$	21,284	$	14	$	21,298
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	20,740		—		20,740
Construction real estate:
Commercial	504		—		504
Retail	—		26		26
Residential real estate:
Commercial	2,670		—		2,670
Mortgage	11,786		206		11,992
HELOC	815		—		815
Installment	16		—		16
Consumer
Consumer	2,371		613		2,984
Check loans	—		—		—
Leases	73		—		73
Total loans	$	60,259	$	859	$	61,118

Financing Receivable, Nonaccrual

The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at June 30, 2024 and December 31, 2023:

	June 30, 2024
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	14,117	$	12,706	$	5,256
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	22,703		1,349		39
Construction real estate:
Commercial	37		—		—
Retail	—		173		150
Residential real estate:
Commercial	3,902		189		18
Mortgage	—		13,124		132
HELOC	—		813		90
Installment	—		15		1
Consumer
Consumer	—		2,200		515
Check loans	—		—		—
Leases	40		—		—
Total loans	$	40,799	$	30,569	$	6,201

	December 31, 2023
(In thousands)	Nonaccrual Loans With No ACL		Nonaccrual Loans With an ACL		Related ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	8,634	$	12,650	$	4,985
PPP loans	—		—		—
Overdrafts	—		—		—
Commercial real estate	20,175		565		2
Construction real estate:
Commercial	504		—		—
Retail	—		—		—
Residential real estate:
Commercial	2,670		—		—
Mortgage	—		11,786		117
HELOC	—		815		25
Installment	—		16		—
Consumer
Consumer	—		2,371		672
Check loans	—		—		—
Leases	73		—		—
Total	$	32,056	$	28,203	$	5,801

Schedule of impaired financing receivables additional info

The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, at June 30, 2024 and at December 31, 2023:

	June 30, 2024
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,685	$	9,240	$	8,522	$	26,447
Commercial real estate	25,555		13		—		25,568
Construction real estate:
Commercial	641		—		—		641
Residential real estate:
Commercial	4,307		—		—		4,307
Mortgage	80		—		—		80
Leases	—		40		—		40
Total loans	$	39,268	$	9,293	$	8,522	$	57,083

	December 31, 2023
(In thousands)	Real Estate		Business Assets		Other		Total
Commercial, financial and agricultural
Commercial, financial and agricultural	$	8,137	$	9,377	$	3,737	$	21,251
Commercial real estate	22,096		514		—		22,610
Construction real estate:
Commercial	1,130		—		—		1,130
Residential real estate:
Commercial	2,910		—		—		2,910
Mortgage	76		—		—		76
Leases	—		73		—		73
Total loans	$	34,349	$	9,964	$	3,737	$	48,050

Interest income on nonaccrual loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment in the loans. The following table presents interest income recognized on nonaccrual loans for the three-month and the six-month periods ended June 30, 2024 and 2023:

	Interest Income Recognized
(In thousands)	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023		Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	313	$	722	$	577	$	1,327
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	310		200		565		360
Construction real estate:
Commercial	1		22		38		54
Retail	—		—		—		—
Residential real estate:
Commercial	59		37		107		63
Mortgage	83		53		153		102
HELOC	2		7		7		15
Installment	—		1		—		2
Consumer:
Consumer	27		21		58		40
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	795	$	1,063	$	1,505	$	1,963

Financing Receivable, Past Due

The following tables present the aging of the amortized cost in past due loans at June 30, 2024 and at December 31, 2023 by class of loan:

	June 30, 2024
(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	$	3,152	$	16,835	$	19,987	$	1,304,866	$	1,324,853
PPP loans	2		—		2		1,402		1,404
Overdrafts	—		—		—		4,108		4,108
Commercial real estate	3,007		1,969		4,976		1,937,514		1,942,490
Construction real estate:
Commercial	21		—		21		232,715		232,736
Retail	198		173		371		102,563		102,934
Residential real estate:
Commercial	—		408		408		615,734		616,142
Mortgage	9,227		5,553		14,780		1,271,723		1,286,503
HELOC	175		662		837		184,721		185,558
Installment	57		3		60		6,000		6,060
Consumer:
Consumer	8,143		1,247		9,390		1,921,783		1,931,173
Check loans	9		—		9		1,951		1,960
Leases	51		—		51		28,405		28,456
Total loans	$	24,042	$	26,850	$	50,892	$	7,613,485	$	7,664,377

(1) Includes an aggregate of $1.4 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $45.9 million of nonaccrual loans which were current with respect to contractual principal and interest payments.

	December 31, 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	$	522	$	11,629	$	12,151	$	1,279,874	$	1,292,025
PPP loans	9		—		9		2,107		2,116
Overdrafts	—		—		—		1,499		1,499
Commercial real estate	1,656		1,839		3,495		1,872,498		1,875,993
Construction real estate:
Commercial	—		205		205		209,021		209,226
Retail	554		26		580		95,293		95,873
Residential real estate:
Commercial	295		219		514		608,896		609,410
Mortgage	9,831		6,450		16,281		1,223,580		1,239,861
HELOC	788		611		1,399		172,950		174,349
Installment	52		—		52		5,852		5,904
Consumer
Consumer	8,974		1,183		10,157		1,933,712		1,943,869
Check loans	5		—		5		2,062		2,067
Leases	—		—		—		24,029		24,029
Total loans	$	22,686	$	22,162	$	44,848	$	7,431,373	$	7,476,221

(1) Includes an aggregate of $859,000 of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.

(2) Includes an aggregate of $39.0 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 June 30, 2024 and at December 31, 2023 are detailed in the tables below. Also included in the tables detailing loan balances are gross charge offs for the six months ended June 30, 2024 and for the year ended December 31, 2023.

June 30, 2024	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass	$	117,600	$	176,443	$	131,424	$	99,307	$	79,138	$	68,541	$	588,440	$	1,260,893
Special Mention	806		1,062		1,870		327		803		1,456		30,775		37,099
Substandard	1,412		457		689		375		672		475		10,660		14,740
Doubtful	29		188		142		833		1,913		8,082		934		12,121
Total	$	119,847	$	178,150	$	134,125	$	100,842	$	82,526	$	78,554	$	630,809	$	1,324,853
Current period gross charge-offs	$	—	$	43	$	—	$	5	$	18	$	—	$	—	$	66

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	—	$	—	$	—	$	715	$	689	$	—	$	—	$	1,404
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	715	$	689	$	—	$	—	$	1,404
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate (1)
Risk rating
Pass	$	173,547	$	268,096	$	310,023	$	313,080	$	283,305	$	511,928	$	29,009	$	1,888,988
Special Mention	2,611		1,987		6,251		6,115		6,699		5,354		—		29,017
Substandard	42		3,568		2,294		3,559		2,370		8,851		2,912		23,596
Doubtful	—		889		—		—		—		—		—		889
Total	$	176,200	$	274,540	$	318,568	$	322,754	$	292,374	$	526,133	$	31,921	$	1,942,490
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Construction real estate: Commercial
Risk rating
Pass	$	52,511	$	95,513	$	46,164	$	2,894	$	17,902	$	3,103	$	13,639	$	231,726
Special Mention	—		—		369		—		—		—		—		369
Substandard	—		604		—		37		—		—		—		641
Doubtful	—		—		—		—		—		—		—		—
Total	$	52,511	$	96,117	$	46,533	$	2,931	$	17,902	$	3,103	$	13,639	$	232,736
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30, 2024	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Residential Real Estate: Commercial
Risk rating
Pass	$	53,039	$	116,948	$	96,235	$	99,598	$	109,364	$	107,501	$	22,327	$	605,012
Special Mention	513		552		1,021		604		1,887		1,397		665		6,639
Substandard	575		95		718		218		1,172		1,403		310		4,491
Doubtful	—		—		—		—		—		—		—		—
Total	$	54,127	$	117,595	$	97,974	$	100,420	$	112,423	$	110,301	$	23,302	$	616,142
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Leases
Risk rating
Pass	$	12,567	$	6,949	$	4,186	$	1,873	$	1,233	$	561	$	—	$	27,369
Special Mention	—		51		799		—		197		—		—		1,047
Substandard	—		—		—		—		—		40		—		40
Doubtful	—		—		—		—		—		—		—		—
Total	$	12,567	$	7,000	$	4,985	$	1,873	$	1,430	$	601	$	—	$	28,456
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial Loans
Risk rating
Pass	$	409,264	$	663,949	$	588,032	$	517,467	$	491,631	$	691,634	$	653,415	$	4,015,392
Special Mention	3,930		3,652		10,310		7,046		9,586		8,207		31,440		74,171
Substandard	2,029		4,724		3,701		4,189		4,214		10,769		13,882		43,508
Doubtful	29		1,077		142		833		1,913		8,082		934		13,010
Total	$	415,252	$	673,402	$	602,185	$	529,535	$	507,344	$	718,692	$	699,671	$	4,146,081
Current period gross charge-offs	$	—	$	43	$	—	$	5	$	18	$	—	$	—	$	66

(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, 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	$	204,601	$	149,386	$	118,992	$	93,495	$	38,205	$	45,814	$	600,301	$	1,250,794
Special Mention	530		1,549		435		128		252		2		16,260		19,156
Substandard	149		894		1,041		1,133		143		582		7,427		11,369
Doubtful	—		—		39		1,771		96		7,848		952		10,706
Total	$	205,280	$	151,829	$	120,507	$	96,527	$	38,696	$	54,246	$	624,940	$	1,292,025
Current period gross charge-offs	$	—	$	13	$	73	$	—	$	5	$	52	$	19	$	162

Commercial, financial and agricultural: PPP
Risk rating
Pass	$	—	$	—	$	925	$	1,191	$	—	$	—	$	—	$	2,116
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	925	$	1,191	$	—	$	—	$	—	$	2,116
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate (1)
Risk rating
Pass	$	278,922	$	322,096	$	334,452	$	318,473	$	204,740	$	347,389	$	17,174	$	1,823,246
Special Mention	2,092		2,951		4,637		7,629		—		13,043		98		30,450
Substandard	1,828		1,589		2,509		2,668		3,406		7,495		1,584		21,079
Doubtful	889		—		—		—		—		329		—		1,218
Total	$	283,731	$	326,636	$	341,598	$	328,770	$	208,146	$	368,256	$	18,856	$	1,875,993
Current period gross charge-offs	$	224	$	—	$	—	$	—	$	—	$	530	$	—	$	754

Construction real estate: Commercial
Risk rating
Pass	$	89,283	$	77,988	$	7,480	$	18,195	$	1,090	$	2,718	$	11,342	$	208,096
Special Mention	—		—		—		—		—		—		—		—
Substandard	831		236		63		—		—		—		—		1,130
Doubtful	—		—		—		—		—		—		—		—
Total	$	90,114	$	78,224	$	7,543	$	18,195	$	1,090	$	2,718	$	11,342	$	209,226
Current period gross charge-offs	$	546	$	—	$	—	$	—	$	—	$	—	$	—	$	546

December 31, 2023	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2022	2021	2020	2019	2018	Prior	Revolving Loans Amortized Cost Basis	Total

Residential Real Estate: Commercial
Risk rating
Pass	$	128,589	$	104,008	$	105,225	$	117,442	$	49,797	$	71,489	$	23,535	$	600,085
Special Mention	—		333		623		1,964		914		1,578		—		5,412
Substandard	195		560		159		1,192		16		1,601		190		3,913
Doubtful	—		—		—		—		—		—		—		—
Total	$	128,784	$	104,901	$	106,007	$	120,598	$	50,727	$	74,668	$	23,725	$	609,410
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Leases
Risk rating
Pass	$	11,440	$	4,404	$	2,197	$	1,941	$	356	$	623	$	—	$	20,961
Special Mention	731		1,564		391		297		10		2		—		2,995
Substandard	—		—		—		—		67		6		—		73
Doubtful	—		—		—		—		—		—		—		—
Total	$	12,171	$	5,968	$	2,588	$	2,238	$	433	$	631	$	—	$	24,029
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial Loans
Risk rating
Pass	$	712,835	$	657,882	$	569,271	$	550,737	$	294,188	$	468,033	$	652,352	$	3,905,298
Special Mention	3,353		6,397		6,086		10,018		1,176		14,625		16,358		58,013
Substandard	3,003		3,279		3,772		4,993		3,632		9,684		9,201		37,564
Doubtful	889		—		39		1,771		96		8,177		952		11,924
Total	$	720,080	$	667,558	$	579,168	$	567,519	$	299,092	$	500,519	$	678,863	$	4,012,799
Current period gross charge-offs	$	770	$	13	$	73	$	—	$	5	$	582	$	19	$	1,462

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

June 30, 2024	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial, financial and agricultural: Overdrafts
Performing	$	4,108	$	—	$	—	$	—	$	—	$	—	$	—	$	4,108
Nonperforming	—		—		—		—		—		—		—		—
Total	$	4,108	$	—	$	—	$	—	$	—	$	—	$	—	$	4,108
Current period gross charge-offs	$	440	$	—	$	—	$	—	$	—	$	—	$	—	$	440

Construction Real Estate: Retail
Performing	$	16,058	$	53,277	$	16,538	$	6,985	$	3,865	$	5,965	$	73	$	102,761
Nonperforming	—		148		—		—		25		—		—		173
Total	$	16,058	$	53,425	$	16,538	$	6,985	$	3,890	$	5,965	$	73	$	102,934
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential Real Estate: Mortgage
Performing	$	96,859	$	216,820	$	256,197	$	203,478	$	167,750	$	331,699	$	—	$	1,272,803
Nonperforming	183		274		1,495		1,331		1,913		8,504		—		13,700
Total	$	97,042	$	217,094	$	257,692	$	204,809	$	169,663	$	340,203	$	—	$	1,286,503
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	22	$	—	$	22

Residential Real Estate: HELOC
Performing	$	—	$	146	$	426	$	351	$	61	$	1,771	$	181,990	$	184,745
Nonperforming	—		20		14		—		—		619		160		813
Total	$	—	$	166	$	440	$	351	$	61	$	2,390	$	182,150	$	185,558
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	9	$	—	$	9

Residential Real Estate: Installment
Performing	$	783	$	1,924	$	149	$	—	$	—	$	3,189	$	—	$	6,045
Nonperforming	—		—		—		—		2		13		—		15
Total	$	783	$	1,924	$	149	$	—	$	2	$	3,202	$	—	$	6,060
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer: Consumer
Performing	$	313,518	$	547,085	$	518,743	$	258,556	$	166,919	$	110,281	$	13,070	$	1,928,172
Nonperforming	52		704		952		449		324		516		4		3,001
Total	$	313,570	$	547,789	$	519,695	$	259,005	$	167,243	$	110,797	$	13,074	$	1,931,173
Current period gross charge-offs	$	11	$	1,463	$	2,065	$	1,299	$	457	$	465	$	2	$	5,762

June 30, 2024	Term Loans Amortized Cost Basis by Origination Year
(In thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Consumer: Check loans
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	1,960	$	1,960
Nonperforming	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	1,960	$	1,960
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	38	$	38

Total Consumer Loans
Performing	$	431,326	$	819,252	$	792,053	$	469,370	$	338,595	$	452,905	$	197,093	$	3,500,594
Nonperforming	235		1,146		2,461		1,780		2,264		9,652		164		17,702
Total	$	431,561	$	820,398	$	794,514	$	471,150	$	340,859	$	462,557	$	197,257	$	3,518,296
Current period gross charge-offs	$	451	$	1,463	$	2,065	$	1,299	$	457	$	496	$	40	$	6,271

December 31, 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	$	1,499	$	—	$	—	$	—	$	—	$	—	$	—	$	1,499
Nonperforming	—		—		—		—		—		—		—		—
Total	1,499		$	—	$	—	$	—	$	—	$	—	$	—	$	1,499
Current period gross charge-offs	$	1,064	$	—	$	—	$	—	$	—	$	—	$	—	$	1,064

Construction Real Estate: Retail
Performing	$	52,904	$	24,219	$	7,709	$	4,251	$	3,604	$	2,891	$	269	$	95,847
Nonperforming	—		—		—		26		—		—		—		26
Total	$	52,904	$	24,219	$	7,709	$	4,277	$	3,604	$	2,891	$	269	$	95,873
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential Real Estate: Mortgage
Performing	$	209,315	$	259,076	$	218,417	$	177,518	$	80,627	$	282,916	$	—	$	1,227,869
Nonperforming	197		1,144		1,172		406		581		8,492		—		11,992
Total	$	209,512	$	260,220	$	219,589	$	177,924	$	81,208	$	291,408	$	—	$	1,239,861
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	35	$	—	$	35

Residential Real Estate: HELOC
Performing	$	99	$	205	$	379	$	98	$	221	$	1,838	$	170,694	$	173,534
Nonperforming	—		—		—		—		32		603		180		815
Total	$	99	$	205	$	379	$	98	$	253	$	2,441	$	170,874	$	174,349
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	9	$	—	$	9

December 31, 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: Installment
Performing	$	2,225	$	162	$	—	$	3	$	144	$	3,354	$	—	$	5,888
Nonperforming	—		—		—		—		—		16		—		16
Total	$	2,225	$	162	$	—	$	3	$	144	$	3,370	$	—	$	5,904
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer: Consumer
Performing	$	627,985	$	613,019	$	319,161	$	214,714	$	81,446	$	65,955	$	18,605	$	1,940,885
Nonperforming	395		891		654		435		216		389		4		2,984
Total	$	628,380	$	613,910	$	319,815	$	215,149	$	81,662	$	66,344	$	18,609	$	1,943,869
Current period gross charge-offs	$	560	$	3,517	$	2,371	$	763	$	545	$	480	$	6	$	8,242

Consumer: Check loans
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	2,067	$	2,067
Nonperforming	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	2,067	$	2,067
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	51	$	51

Total Consumer Loans
Performing	$	894,027	$	896,681	$	545,666	$	396,584	$	166,042	$	356,954	$	191,635	$	3,447,589
Nonperforming	592		2,035		1,826		867		829		9,500		184		15,833
Total	$	894,619	$	898,716	$	547,492	$	397,451	$	166,871	$	366,454	$	191,819	$	3,463,422
Current period gross charge-offs	$	1,624	$	3,517	$	2,371	$	763	$	545	$	524	$	57	$	9,401

TDR Number Of Contracts Modified And Recorded Investment

The following tables present the amortized cost basis of loans at June 30, 2024 and 2023 that were both experiencing financial difficulty and modified during the three months and the six months ended June 30, 2024 and 2023 by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented below.

	Three Months Ended June 30, 2024
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	300	$	—	$	—	$	—	$	300	0.02	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		—		—		—		—		—		—	%
Construction real estate:
Commercial	—		—		—		—		—		—		—		—	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		406		—		—		—		406		0.07	%
Mortgage	—		—		46		—		—		—		46		—	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		51		—		77		—		128		2.11	%
Consumer:
Consumer	—		—		—		—		—		—		—		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	803	$	—	$	77	$	—	$	880	0.01	%

	Three Months Ended June 30, 2023
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	10,370	$	—	$	—	$	12	$	10,382	0.81	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		—		836		—		—		—		836		0.05	%
Construction real estate:
Commercial	—		—		366		—		—		—		366		0.23	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		—		—		—		—		—		—	%
Mortgage	—		—		—		—		135		—		135		0.01	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		4		—		16		—		20		0.47	%
Consumer:
Consumer	—		—		—		8		—		—		8		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	—	$	11,576	$	8	$	151	$	12	$	11,747	0.16	%

	Six Months Ended  June 30, 2024
(Dollars in thousands)	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other		Total		Percent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	54	$	11,783	$	9	$	—	$	—	$	11,846	0.89	%
PPP loans	—		—		—		—		—		—		—		—	%
Overdrafts	—		—		—		—		—		—		—		—	%
Commercial real estate	—		161		4,813		340		121		—		5,435		0.28	%
Construction real estate:
Commercial	—		—		—		—		—		—		—		—	%
Retail	—		—		—		—		—		—		—		—	%
Residential real estate:
Commercial	—		—		834		—		220		—		1,054		0.17	%
Mortgage	—		—		93		—		—		—		93		0.01	%
HELOC	—		—		—		—		—		—		—		—	%
Installment	—		—		107		—		77		—		184		3.04	%
Consumer:
Consumer	—		—		—		6		—		—		6		—	%
Check loans	—		—		—		—		—		—		—		—	%
Leases	—		—		—		—		—		—		—		—	%
Total	$	—	$	215	$	17,630	$	355	$	418	$	—	$	18,618	0.24	%

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months and the six months ended June 30, 2024 and 2023:

	Three Months Ended June 30, 2024
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Reduction		Weighted Average Term Extension (years)	Weighted Average Payment Delay (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	—	%	0.5	0.0
PPP loans	—		—	%	0.0	0.0
Overdrafts	—		—	%	0.0	0.0
Commercial real estate	—		—	%	0.0	0.0
Construction real estate:
Commercial	—		—	%	0.0	0.0
Retail	—		—	%	0.0	0.0
Residential real estate:
Commercial	—		—	%	0.9	0.0
Mortgage	—		—	%	0.3	0.0
HELOC	—		—	%	0.0	0.0
Installment	—		(1.22)	%	10.4	0.0
Consumer:
Consumer	—		—	%	0.0	0.0
Check loans	—		—	%	0.0	0.0
Leases	—		—	%	0.0	0.0
Total	$	—	(1.22)	%	2.1	0.0

	Three Months Ended June 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Reduction		Weighted Average Term Extension (years)	Weighted Average Payment Delay (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	—	%	0.6	0.0
PPP loans	—		—	%	0.0	0.0
Overdrafts	—		—	%	0.0	0.0
Commercial real estate	—		—	%	3.6	0.0
Construction real estate:
Commercial	—		—	%	1.0	0.0
Retail	—		—	%	0.0	0.0
Residential real estate:
Commercial	—		—	%	0.0	0.0
Mortgage	—		(1.88)	%	0.4	0.0
HELOC	—		—	%	0.0	0.0
Installment	—		(4.13)	%	10.0	0.0
Consumer:
Consumer	—		(0.69)	%	0.0	0.0
Check loans	—		—	%	0.0	0.0
Leases	—		—	%	0.0	0.0
Total	$	—	(2.04)	%	0.8	0.0

	Six Months Ended June 30, 2024
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Reduction		Weighted Average Term Extension (years)	Weighted Average Payment Delay (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	(0.50)	%	0.3	0.4
PPP loans	—		—	%	0.0	0.0
Overdrafts	—		—	%	0.0	0.0
Commercial real estate	—		(1.90)	%	2.9	0.4
Construction real estate:
Commercial	—		—	%	0.0	0.0
Retail	—		—	%	0.0	0.0
Residential real estate:
Commercial	—		(1.00)	%	2.2	0.0
Mortgage	—		—	%	4.2	0.0
HELOC	—		—	%	0.0	0.0
Installment	—		(1.22)	%	9.6	0.0
Consumer:
Consumer	—		(7.54)	%	0.0	0.0
Check loans	—		—	%	0.0	0.0
Leases	—		—	%	0.0	0.0
Total	$	—	(1.61)	%	1.2	0.4

	Six Months Ended June 30, 2023
(Dollars in thousands)	Principal Forgiveness		Weighted Average Interest Rate Reduction		Weighted Average Term Extension (years)	Weighted Average Payment Delay (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	—	%	0.6	0.0
PPP loans	—		—	%	0.0	0.0
Overdrafts	—		—	%	0.0	0.0
Commercial real estate	—		—	%	3.6	0.0
Construction real estate:
Commercial	—		—	%	1.0	0.0
Retail	—		—	%	0.0	0.0
Residential real estate:
Commercial	—		—	%	0.4	0.0
Mortgage	—		(1.88)	%	0.4	0.0
HELOC	—		—	%	0.0	0.0
Installment	—		(1.72)	%	10.0	0.0
Consumer:
Consumer	—		(2.92)	%	0.0	0.0
Check loans	—		—	%	0.0	0.0
Leases	—		—	%	0.0	0.0
Total	$	—	(1.92)	%	0.9	0.0

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 $5.8 million in loans modified to borrowers experiencing financial difficulty that had been modified during the twelve months ended June 30, 2024 that were greater than 90 days past due as of June 30, 2024 in the Commercial, financial, and agricultural loan portfolio segment. There were $19,000 in loans modified to borrowers experiencing financial difficulty that had been modified during the previous twelve months that were 60-89 days past due as of June 30, 2024 in the Residential Real Estate: Installment loan portfolio segment. All other loans modified to borrowers experiencing financial difficulty during the twelve months ended June 30, 2024 were less than 30 days past due as of June 30, 2024. There were $150,000 in loans modified to borrowers experiencing financial difficulty that had been modified during the six months ended June 30, 2023 that were greater than 30-59 days past due as of June 30, 2023 in the Residential Real Estate: Commercial segment.

The following tables present the amortized cost basis of loans that had a payment default subsequent to modification during the three and six months ended June 30, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms:

	Three Months Ended June 30, 2024
	Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	5,821	$	—	$	—	$	—
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:
Commercial	—		—		—		—
Mortgage	48		—		—		—
HELOC	—		—		—		—
Installment	19		—		—		—
Consumer:
Consumer	—		—		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	5,888	$	—	$	—	$	—

	Six Months Ended June 30, 2024
	Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	8,872	$	—	$	—	$	—
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:
Commercial	—		—		—		—
Mortgage	48		—		—		—
HELOC	—		—		—		—
Installment	19		—		—		—
Consumer:
Consumer	—		—		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	8,939	$	—	$	—	$	—

The following table presents the amortized cost basis of loans that had a payment default during the three months ended June 30, 2023 and were modified in the six months prior to that default to borrowers experiencing financial difficulty. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms:

	Three Months Ended June 30, 2023
	Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	—
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:
Commercial	150		—		—		—
Mortgage	—		—		135		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		8		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	150	$	8	$	135	$	—

The following table presents the amortized cost basis of loans that had a payment default during the six months ended June 30, 2023 and were modified in the six months prior to that default to borrowers experiencing financial difficulty. For this table, a

loan is considered to be in default when it becomes 30 days contractually past due under the modified terms:

	Six Months Ended June 30, 2023
	Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Other
Commercial, financial and agricultural:
Commercial, financial and agricultural	$	—	$	—	$	—	$	—
PPP loans	—		—		—		—
Overdrafts	—		—		—		—
Commercial real estate	—		—		—		—
Construction real estate:
Commercial	—		—		—		—
Retail	—		—		—		—
Residential real estate:
Commercial	150		—		—		—
Mortgage	—		—		135		—
HELOC	—		—		—		—
Installment	—		—		—		—
Consumer:
Consumer	—		8		—		—
Check loans	—		—		—		—
Leases	—		—		—		—
Total loans	$	150	$	8	$	135	$	—

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