Loans (Tables)

3 Months Ended

Mar. 31, 2014

Loans and Leases Receivable Disclosure [Abstract]

Composition Of Loan Portfolio By Class Of Loan

The composition of the loan portfolio, by class of loan, as of March 31, 2014 and December 31, 2013 was as follows:



	March 31, 2014						December 31, 2013
(In thousands)	Loan balance		Accrued interest receivable		Recorded investment		Loan balance		Accrued interest receivable		Recorded investment
Commercial, financial and agricultural *	$	806,732	$	3,237	$	809,969	$	825,432	$	3,079	$	828,511
Commercial real estate *	1,099,997		3,330		1,103,327		1,112,273		3,765		1,116,038
Construction real estate:
SEPH commercial land and development *	4,955		2		4,957		5,846		2		5,848
Remaining commercial	113,575		263		113,838		110,842		263		111,105
Mortgage	29,291		84		29,375		31,882		96		31,978
Installment	7,593		26		7,619		7,546		26		7,572
Residential real estate:
Commercial	405,138		1,016		406,154		407,387		904		408,291
Mortgage	1,152,163		1,604		1,153,767		1,144,754		1,559		1,146,313
HELOC	211,005		825		211,830		213,565		870		214,435
Installment	31,804		123		31,927		33,841		132		33,973
Consumer	758,347		2,578		760,925		723,733		2,775		726,508
Leases	3,326		47		3,373		3,404		23		3,427
Total loans	$	4,623,926	$	13,135	$	4,637,061	$	4,620,505	$	13,494	$	4,633,999

* Included within commercial, financial and agricultural loans, commercial real estate loans, and SEPH commercial land and development loans is an immaterial amount of consumer loans that are 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 recorded investment in nonaccrual loans, accruing troubled debt restructurings, and loans past due 90 days or more and still accruing by class of loan as of March 31, 2014 and December 31, 2013:



	March 31, 2014
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	19,841	$	6	$	83	$	19,930
Commercial real estate	38,161		1,234		—		39,395
Construction real estate:
SEPH commercial land and development	4,102		—		—		4,102
Remaining commercial	10,225		305		—		10,530
Mortgage	99		96		—		195
Installment	36		160		—		196
Residential real estate:
Commercial	30,183		1,030		—		31,213
Mortgage	19,528		11,966		465		31,959
HELOC	1,888		737		—		2,625
Installment	994		896		53		1,943
Consumer	2,969		1,614		724		5,307
Total loans	$	128,026	$	18,044	$	1,325	$	147,395



	December 31, 2013
(In thousands)	Nonaccrual loans		Accruing troubled debt restructurings		Loans past due 90 days or more and accruing		Total nonperforming loans
Commercial, financial and agricultural	$	20,633	$	107	$	80	$	20,820
Commercial real estate	39,588		2,234		2		41,824
Construction real estate:
SEPH commercial land and development	4,777		—		—		4,777
Remaining commercial	10,476		306		—		10,782
Mortgage	87		97		—		184
Installment	39		192		—		231
Residential real estate:
Commercial	32,495		913		—		33,408
Mortgage	20,564		11,708		549		32,821
HELOC	2,129		751		—		2,880
Installment	965		885		80		1,930
Consumer	3,463		1,616		1,016		6,095
Total loans	$	135,216	$	18,809	$	1,727	$	155,752

Loans Individually And Collectively Evaluated For Impairment

The following table provides additional information regarding those nonaccrual and accruing troubled debt restructured loans that were individually evaluated for impairment and those collectively evaluated for impairment as of March 31, 2014 and December 31, 2013.



	March 31, 2014						December 31, 2013
(In thousands)	Nonaccrual and accruing troubled debt restructurings		Loans individually evaluated for impairment		Loans collectively evaluated for impairment		Nonaccrual and accruing troubled debt restructurings		Loans individually evaluated for impairment		Loans collectively evaluated for impairment
Commercial, financial and agricultural	$	19,847	$	19,835	$	12	$	20,740	$	20,727	$	13
Commercial real estate	39,395		39,395		—		41,822		41,822		—
Construction real estate:
SEPH commercial land and development	4,102		4,102		—		4,777		4,777		—
Remaining commercial	10,530		10,530		—		10,782		10,782		—
Mortgage	195		—		195		184		—		184
Installment	196		—		196		231		—		231
Residential real estate:
Commercial	31,213		31,213		—		33,408		33,408		—
Mortgage	31,494		—		31,494		32,272		—		32,272
HELOC	2,625		—		2,625		2,880		—		2,880
Installment	1,890		—		1,890		1,850		—		1,850
Consumer	4,583		798		3,785		5,079		799		4,280
Total loans	$	146,070	$	105,873	$	40,197	$	154,025	$	112,315	$	41,710

Loans Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loan as of March 31, 2014 and December 31, 2013.



	March 31, 2014						December 31, 2013
(In thousands)	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Unpaid principal balance		Recorded investment		Allowance for loan losses allocated
With no related allowance recorded:
Commercial, financial and agricultural	$	22,101	$	12,659	$	—	$	22,429	$	12,885	$	—
Commercial real estate	51,428		31,257		—		56,870		34,149		—
Construction real estate:
SEPH commercial land and development	17,493		4,102		—		23,722		4,777		—
Remaining commercial	5,248		3,694		—		8,429		6,872		—
Residential real estate:
Commercial	33,875		29,258		—		36,709		31,461		—
Consumer	799		798		—		799		799		—

With an allowance recorded:
Commercial, financial and agricultural	11,982		7,176		3,064		12,616		7,842		3,268
Commercial real estate	8,313		8,138		5,514		7,966		7,673		5,496
Construction real estate:
SEPH commercial land and development	—		—		—		—		—		—
Remaining commercial	6,835		6,836		2,304		3,909		3,910		1,132
Residential real estate:
Commercial	2,126		1,955		440		2,129		1,947		555
Consumer	—		—		—		—		—		—
Total	$	160,200	$	105,873	$	11,322	$	175,578	$	112,315	$	10,451

Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment

The following table presents the average recorded investment and interest income recognized on loans individually evaluated for impairment as of and for the three months ended March 31, 2014 and March 31, 2013:



	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
(In thousands)	Recorded investment as of March 31, 2014		Average recorded investment		Interest income recognized		Recorded investment as of March 31, 2013		Average recorded investment		Interest income recognized
Commercial, financial and agricultural	$	19,835	$	20,140	$	61	$	21,742	$	21,479	$	128
Commercial real estate	39,395		40,995		253		40,075		43,191		256
Construction real estate:
SEPH commercial land and development	4,102		4,464		56		10,482		12,082		—
Remaining commercial	10,530		10,379		47		20,483		20,912		220
Residential real estate:
Commercial	31,213		31,101		263		36,722		35,859		130
Consumer	798		799		—		799		204		—
Total	$	105,873	$	107,878	$	680	$	130,303	$	133,727	$	734

Aging Of Recorded Investment In Past Due Loans

The following tables present the aging of the recorded investment in past due loans as of March 31, 2014 and December 31, 2013 by class of loan.



	March 31, 2014
(In thousands)	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
Commercial, financial and agricultural	$	4,313	$	12,910	$	17,223	$	792,746	$	809,969
Commercial real estate	998		18,196		19,194		1,084,133		1,103,327
Construction real estate:
SEPH commercial land and development	—		3,925		3,925		1,032		4,957
Remaining commercial	—		3,460		3,460		110,378		113,838
Mortgage	328		87		415		28,960		29,375
Installment	83		12		95		7,524		7,619
Residential real estate:
Commercial	698		22,243		22,941		383,213		406,154
Mortgage	10,550		10,674		21,224		1,132,543		1,153,767
HELOC	675		585		1,260		210,570		211,830
Installment	541		471		1,012		30,915		31,927
Consumer	8,288		3,157		11,445		749,480		760,925
Leases	—		—		—		3,373		3,373
Total loans	$	26,474	$	75,720	$	102,194	$	4,534,867	$	4,637,061

* Includes $1.3 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans and accruing troubled debt restructurings.



	December 31, 2013
(in thousands)	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
Commercial, financial and agricultural	$	1,233	$	13,275	$	14,508	$	814,003	$	828,511
Commercial real estate	2,168		18,274		20,442		1,095,596		1,116,038
Construction real estate:
SEPH commercial land and development	—		4,242		4,242		1,606		5,848
Remaining commercial	—		3,463		3,463		107,642		111,105
Mortgage	264		75		339		31,639		31,978
Installment	207		14		221		7,351		7,572
Residential real estate:
Commercial	900		5,659		6,559		401,732		408,291
Mortgage	13,633		11,829		25,462		1,120,851		1,146,313
HELOC	571		402		973		213,462		214,435
Installment	696		436		1,132		32,841		33,973
Consumer	12,143		3,941		16,084		710,424		726,508
Leases	—		—		—		3,427		3,427
Total loans	$	31,815	$	61,610	$	93,425	$	4,540,574	$	4,633,999

* Includes $1.7 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans and accruing troubled debt restructurings.

Recorded Investment By Loan Grade

The tables below present the recorded investment by loan grade at March 31, 2014 and December 31, 2013 for all commercial loans:



	March 31, 2014
(In thousands)	5 Rated		6 Rated		Impaired		Pass Rated		Recorded Investment
Commercial, financial and agricultural *	$	6,105	$	320	$	19,847	$	783,697	$	809,969
Commercial real estate *	8,764		434		39,395		1,054,734		1,103,327
Construction real estate:
SEPH commercial land and development *	—		—		4,102		855		4,957
Remaining commercial	6,591		—		10,530		96,717		113,838
Residential real estate:
Commercial	4,090		288		31,213		370,563		406,154
Leases	—		—		—		3,373		3,373
Total Commercial Loans	$	25,550	$	1,042	$	105,087	$	2,309,939	$	2,441,618



	December 31, 2013
(In thousands)	5 Rated		6 Rated		Impaired		Pass Rated		Recorded Investment
Commercial, financial and agricultural *	$	6,055	$	532	$	20,740	$	801,184	$	828,511
Commercial real estate *	11,591		1,525		41,822		1,061,100		1,116,038
Construction real estate:
SEPH commercial land and development *	354		—		4,777		717		5,848
Remaining commercial	6,858		244		10,782		93,221		111,105
Residential real estate:
Commercial	5,033		397		33,408		369,453		408,291
Leases	—		—		—		3,427		3,427
Total Commercial Loans	$	29,891	$	2,698	$	111,529	$	2,329,102	$	2,473,220

TDR Number Of Contracts Modified And Recorded Investment

The following tables detail the number of contracts modified as TDRs during the three-month periods ended March 31, 2014 and March 31, 2013, as well as the recorded investment of these contracts at March 31, 2014 and March 31, 2013. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically provide for forgiveness of principal.



	Three Months Ended March 31, 2014
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	5	$	—	$	60	$	60
Commercial real estate	3	161		523		684
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	—	—		—		—
Mortgage	—	—		—		—
Installment	—	—		—		—
Residential real estate:
Commercial	2	—		68		68
Mortgage	7	164		495		659
HELOC	—	—		—		—
Installment	4	36		36		72
Consumer	71	382		108		490
Total loans	92	$	743	$	1,290	$	2,033



	Three Months Ended March 31, 2013
(In thousands)	Number of Contracts	Accruing		Nonaccrual		Total Recorded Investment
Commercial, financial and agricultural	7	$	—	$	320	$	320
Commercial real estate	2	25		152		177
Construction real estate:
SEPH commercial land and development	—	—		—		—
Remaining commercial	1	37		—		37
Mortgage	—	—		—		—
Installment	2	—		26		26
Residential real estate:
Commercial	6	493		1,561		2,054
Mortgage	12	880		242		1,122
HELOC	4	54		—		54
Installment	4	40		9		49
Consumer	72	332		137		469
Total loans	110	$	1,861	$	2,447	$	4,308

Of those loans which were modified and determined to be a TDR during the three-month period ended March 31, 2014, $900,000 were on nonaccrual status as of December 31, 2013. Of those loans which were modified and determined to be a TDR during the three-month period ended March 31, 2013, $300,000 were on nonaccrual status as of December 31, 2012.

Recorded Investment In Financing Receivable Modified As TDR Within 12 Months

The following table presents the recorded investment in financing receivables which were modified as TDRs within the previous 12 months and for which there was a payment default during the three-month periods ended March 31, 2014 and March 31, 2013, respectively. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.



	Three Months Ended March 31, 2014			Three Months Ended March 31, 2013
(In thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
Commercial, financial and agricultural	7	$	89	10	$	979
Commercial real estate	5	872		2	198
Construction real estate:
SEPH commercial land and development	—	—		2	45
Remaining commercial	—	—		3	506
Mortgage	—	—		1	85
Installment	—	—		1	12
Residential real estate:
Commercial	2	302		2	857
Mortgage	19	1,144		34	3,430
HELOC	—	—		2	77
Installment	6	108		10	273
Consumer	49	345		100	617
Leases	—	—		—	—
Total loans	88	$	2,860	167	$	7,079

Of the $2.9 million in modified TDRs which defaulted during the three months ended March 31, 2014, $499,000 were accruing loans and $2.4 million were nonaccrual loans. Of the $7.1 million in modified TDRs which defaulted during the three months ended March 31, 2013, $768,000 were accruing loans and $6.3 million were nonaccrual loans.