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Loans (Tables)
 6 Months Ended
Jun. 30, 2011
Loans  
Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing
June 30, 2011
(In thousands)
Nonaccrual
loans
Restructured
loans
Loans past due
90 days or more
and accruing
Total
nonperforming
loans
Commercial, financial and agricultural
$ 24,008 $ - $ 25 $ 24,033
Commercial real estate
47,243 - - 47,243
Construction real estate:
Vision commercial land and development
47,761 - - 47,761
Remaining commercial
33,685 - - 33,685
Mortgage
- - - -
Installment
427 - - 427
Residential real estate
Commercial
48,594 - 861 49,455
Mortgage
32,459 34 1,676 34,169
HELOC
1,418 - - 1,418
Installment
1,169 - 1 1,170
Consumer
1,926 - 629 2,555
Leases
- - - -
Total loans
$ 238,690 $ 34 $ 3,192 $ 241,916

December 31, 2010
(In thousands)
Nonaccrual
loans
Restructured
loans
Loans past due
90 days or more
and accruing
Total
nonperforming
loans
Commercial, financial and agricultural
$ 19,276 $ - $ - $ 19,276
Commercial real estate
57,941 - 20 57,961
Construction real estate:
Vision commercial land and development
87,424 - - 87,424
Remaining commercial
27,080 - - 27,080
Mortgage
354 - - 354
Installment
417 - 13 430
Residential real estate
Commercial
60,227 - - 60,227
Mortgage
32,479 - 2,175 34,654
HELOC
964 - 149 1,113
Installment
1,195 - 277 1,472
Consumer
1,911 - 1,059 2,970
Leases
- - - -
Total loans
$ 289,268 $ - $ 3,693 $ 292,961
Nonaccrual Loans Individually And Collectively Evaluated For Impairment
   
June 30, 2011
    
December 31, 2010
  
(In thousands)
  
Nonaccrual
loans
    
Loans
individually
evaluated for
impairment
    
Loans
collectively
evaluated for
impairment
    
Nonaccrual
loans
    
Loans
individually
evaluated for
impairment
    
Loans
collectively
evaluated for
impairment
  
Commercial, financial and agricultural
   $ 24,008     $ 24,008     $ -     $ 19,276     $ 19,205     $ 71  
Commercial real estate
     47,243       47,243       -       57,941       57,930       11  
Construction real estate:
                                                
Vision commercial land and development
     47,761       46,847       914       87,424       86,491       933  
Remaining commercial
     33,685       33,685       -       27,080       27,080       -  
Mortgage
     -       -       -       354       -       354  
Installment
     427       -       427       417       -       417  
Residential real estate:
                                                
Commercial
     48,594       48,594       -       60,227       60,227       -  
Mortgage
     32,459       -       32,459       32,479       -       32,479  
HELOC
     1,418       -       1,418       964       -       964  
Installment
     1,169       -       1,169       1,195       -       1,195  
Consumer
     1,926       23       1,903       1,911       -       1,911  
Leases
     -       -       -       -       -       -  
Total loans
   $ 238,690     $ 200,400     $ 38,290     $ 289,268     $ 250,933     $ 38,335  
Loans Individually Evaluated For Impairment By Class Of Loans
June 30, 2011
December 31, 2010
Unpaid
principal
balance
Recorded
investment
Allowance
for loan
losses
allocated
Unpaid
principal
balance
Recorded
investment
Allowance
for loan
losses
allocated
(in thousands)
With no related allowance recorded
Commercial, financial and agricultural
$ 15,463 $ 12,271 $ - $ 9,347 $ 8,891 $ -
Commercial real estate
44,827 31,624 - 24,052 19,697 -
Construction real estate:
Vision commercial land and development
32,843 12,229 - 23,021 20,162 -
Remaining commercial
24,403 20,963 - 15,192 14,630 -
Residential real estate:
Commercial
40,176 36,225 - 51,261 47,009 -
Consumer
- - - - - -
With an allowance recorded
Commercial, financial and agricultural
14,619 11,737 3,265 11,801 10,314 3,028
Commercial real estate
16,232 15,619 9,213 42,263 38,233 10,001
Construction real estate:
Vision commercial land and development
63,696 34,618 11,763 92,122 66,329 23,585
Remaining commercial
21,918 12,722 3,586 20,676 12,450 2,802
Residential real estate:
Commercial
14,890 12,369 4,960 14,799 13,218 4,043
Consumer
23 23 23 - - -
Total
$ 289,090 $ 200,400 $ 32,810 $ 304,534 $ 250,933 $ 43,459
Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment
Three months ended June
30, 2011
Six months ended June 30,
2011
Recorded
investment as of
June 30, 2011
Average
recorded
investment
Interest
income
recognized
Average
recorded
investment
Interest
income
recognized
(in thousands)
Commercial, financial and agricultural
$ 24,008 $ 20,688 $ 41 $ 20,203 $ 106
Commercial real estate
47,243 51,359 54 53,619 124
Construction real estate:
Vision commercial land and development
46,847 71,682 - 77,711 -
Remaining commercial
33,685 27,998 136 27,616 214
Residential real estate:
Commercial
48,594 55,096 14 57,269 153
Consumer
23 5 1 12 1
Total
$ 200,400 $ 226,828 $ 246 $ 236,430 $ 598
Aging Of Recorded Investment In Past Due Loans
June 30, 2011
Accruing loans
past due 30-89
days
Past due
nonaccrual
loans and
loans past due
90 days or
more and
accruing*
Total past due
Total current
Total
recorded
investment
(In thousands)
Commercial, financial and agricultural
$ 6,007 $ 21,096 $ 27,103 $ 731,316 $ 758,419
Commercial real estate
3,106 36,369 39,475 1,222,592 1,262,067
Construction real estate:
Vision commercial land and development
309 41,860 42,169 69,120 111,289
Remaining commercial
99 13,757 13,856 168,019 181,875
Mortgage
402 - 402 21,034 21,436
Installment
393 386 779 15,784 16,563
Residential real estate:
Commercial
3,014 18,461 21,475 434,742 456,217
Mortgage
17,041 22,893 39,934 912,619 952,553
HELOC
770 664 1,434 254,393 255,827
Installment
1,120 781 1,901 51,380 53,281
Consumer
9,313 1,994 11,307 642,881 654,188
Leases
- - - 2,312 2,312
Total loans
$ 41,574 $ 158,261 $ 199,835 $ 4,526,192 $ 4,726,027
* Includes $3.2 million of loans past due 90 days or more and accruing.
December 31, 2010
Accruing loans
past due 30-89
days
Past due
nonaccrual
loans and
loans past due
90 days or
more and
accruing*
Total past due
Total current
Total
recorded
investment
(In thousands)
Commercial, financial and agricultural
$ 2,247 $ 15,622 $ 17,869 $ 722,919 $ 740,788
Commercial real estate
9,521 53,269 62,790 1,168,630 1,231,420
Construction real estate:
Vision commercial land and development
2,406 65,130 67,536 104,080 171,616
Remaining commercial
141 19,687 19,828 176,487 196,315
Mortgage
479 148 627 25,794 26,421
Installment
235 399 634 12,547 13,181
Residential real estate:
Commercial
3,281 26,845 30,126 436,180 466,306
Mortgage
17,460 24,422 41,882 867,555 909,437
HELOC
1,396 667 2,063 259,414 261,477
Installment
1,018 892 1,910 58,540 60,450
Consumer
11,204 2,465 13,669 656,447 670,116
Leases
5 - 5 2,658 2,663
Total loans
$ 49,393 $ 209,546 $ 258,939 $ 4,491,251 $ 4,750,190
* Includes $3.6 million of loans past due 90 days or more and accruing.

Management's policy is to initially place all renegotiated loans (troubled debt restructurings) on nonaccrual status. At June 30, 2011 and December 31, 2010, there were $72.6 million and $80.7 million, respectively, of troubled debt restructurings included in nonaccrual loan totals. Many of these troubled debt restructurings are performing under the renegotiated terms. At June 30, 2011 and December 31, 2010, $47.9 million and $50.3 million of the total troubled debt restructurings were included within current loans above. Management will continue to review the renegotiated loans and may determine it appropriate to move certain of the loans back to accrual status in the future. At June 30, 2011 and December 31, 2010, Park had commitments to lend $502,000 and $434,000, respectively, of additional funds to borrowers whose terms had been modified in a troubled debt restructuring.
Recorded Investment By Loan Grade
June 30, 2011
(in thousands)
5 Rated
6 Rated
Nonaccrual
Pass Rated
Recorded
Investment
Commercial, financial and agricultural
$ 18,067 $ 12,540 $ 24,008 $ 703,804 $ 758,419
Commercial real estate
57,223 26,431 47,243 1,131,170 1,262,067
Construction real estate:
Vision commercial land and development
9,943 4,803 47,761 48,782 111,289
Remaining commercial
8,495 22,340 33,685 117,355 181,875
Residential real estate:
Commercial
22,779 17,398 48,594 367,446 456,217
Leases
- - - 2,312 2,312
Total Commercial Loans
$ 116,507 $ 83,512 $ 201,291 $ 2,370,869 $ 2,772,179

December 31, 2010
(in thousands)
5 Rated
6 Rated
Nonaccrual
Pass Rated
Recorded
Investment
Commercial, financial and agricultural
$ 26,322 $ 11,447 $ 19,276 $ 683,743 $ 740,788
Commercial real estate
57,394 26,992 57,941 1,089,093 1,231,420
Construction real estate:
Vision commercial land and development
10,220 7,941 87,424 66,031 171,616
Remaining commercial
14,021 39,062 27,080 116,152 196,315
Residential real estate:
Commercial
29,206 18,117 60,227 358,756 466,306
Leases
- - - 2,663 2,663
Total Commercial Loans
$ 137,163 $ 103,559 $ 251,948 $ 2,316,438 $ 2,809,108