XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Allowance For Loan Losses | 9 Months Ended
--- | ---
Sep. 30, 2017
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] |
Allowance For Loan Losses | Allowance for Loan Losses The allowance for loan losses ("ALLL") is that amount management believes is adequate to absorb probable incurred credit losses in the loan portfolio based on management’s evaluation of various factors including overall growth in the loan portfolio, an analysis of individual loans, prior and current loss experience, and current economic conditions. A provision for loan losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors as discussed within Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2016 Annual Report. Loss factors are reviewed quarterly and updated at least annually to reflect recent loan loss history and incorporate current risk and trends which may not be recognized in historical data. The historical loss factors were last updated in the fourth quarter of 2016 to incorporate losses through December 31, 2016. The activity in the allowance for loan losses for the three-month and nine-month periods ended September 30, 2017 and September 30, 2016 is summarized in the following tables.
| Three Months Ended September 30, 2017
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 16,746 |  |  | $ | 10,451 |  |  | $ | 4,677 |  |  | $ | 10,319 |  |  | $ | 11,629 |  |  | $ | — |  |  | $ | 53,822 |
Charge-offs | 626 |  |  | 628 |  |  | 78 |  |  | 217 |  |  | 2,828 |  |  | — |  |  | 4,377 |
Recoveries | 115 |  |  | 13 |  |  | 303 |  |  | 1,061 |  |  | 1,011 |  |  | 1 |  |  | 2,504 |
Net charge-offs/(recoveries) | 511 |  |  | 615 |  |  | (225 | ) |  | (844 | ) |  | 1,817 |  |  | (1 | ) |  | 1,873 |
Provision/(recovery) | 1,742 |  |  | 336 |  |  | 499 |  |  | (1,078 | ) |  | 1,785 |  |  | (1 | ) |  | 3,283 |
Ending balance | $ | 17,977 |  |  | $ | 10,172 |  |  | $ | 5,401 |  |  | $ | 10,085 |  |  | $ | 11,597 |  |  | $ | — |  |  | $ | 55,232 |
| Three Months Ended September 30, 2016
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 16,478 |  |  | $ | 9,203 |  |  | $ | 8,256 |  |  | $ | 13,180 |  |  | $ | 11,581 |  |  | $ | 1 |  |  | $ | 58,699 |
Charge-offs | 457 |  |  | 4 |  |  | 1,300 |  |  | 293 |  |  | 2,086 |  |  | — |  |  | 4,140 |
Recoveries | 246 |  |  | 973 |  |  | 3,659 |  |  | 348 |  |  | 1,142 |  |  | 1 |  |  | 6,369 |
Net charge-offs/(recoveries) | 211 |  |  | (969 | ) |  | (2,359 | ) |  | (55 | ) |  | 944 |  |  | (1 | ) |  | (2,229 | )
Provision/(recovery) | 3 |  |  | 401 |  |  | (5,257 | ) |  | (1,907 | ) |  | (604 | ) |  | (2 | ) |  | (7,366 | )
Ending balance | $ | 16,270 |  |  | $ | 10,573 |  |  | $ | 5,358 |  |  | $ | 11,328 |  |  | $ | 10,033 |  |  | $ | — |  |  | $ | 53,562 |
| Nine Months Ended September 30, 2017
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 13,434 |  |  | $ | 10,432 |  |  | $ | 5,247 |  |  | $ | 10,958 |  |  | $ | 10,553 |  |  | $ | — |  |  | $ | 50,624 |
Charge-offs | 1,283 |  |  | 1,050 |  |  | 105 |  |  | 987 |  |  | 7,706 |  |  | — |  |  | 11,131 |
Recoveries | 647 |  |  | 368 |  |  | 686 |  |  | 1,688 |  |  | 3,609 |  |  | 1 |  |  | 6,999 |
Net charge-offs/(recoveries) | 636 |  |  | 682 |  |  | (581 | ) |  | (701 | ) |  | 4,097 |  |  | (1 | ) |  | 4,132 |
Provision/(recovery) | 5,179 |  |  | 422 |  |  | (427 | ) |  | (1,574 | ) |  | 5,141 |  |  | (1 | ) |  | 8,740 |
Ending balance | $ | 17,977 |  |  | $ | 10,172 |  |  | $ | 5,401 |  |  | $ | 10,085 |  |  | $ | 11,597 |  |  | $ | — |  |  | $ | 55,232 |
| Nine Months Ended September 30, 2016
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 13,694 |  |  | $ | 9,197 |  |  | $ | 8,564 |  |  | $ | 13,514 |  |  | $ | 11,524 |  |  | $ | 1 |  |  | $ | 56,494 |
Charge-offs | 1,601 |  |  | 82 |  |  | 1,318 |  |  | 1,776 |  |  | 7,183 |  |  | — |  |  | 11,960 |
Recoveries | 889 |  |  | 3,005 |  |  | 4,708 |  |  | 1,226 |  |  | 3,017 |  |  | 2 |  |  | 12,847 |
Net charge-offs/(recoveries) | 712 |  |  | (2,923 | ) |  | (3,390 | ) |  | 550 |  |  | 4,166 |  |  | (2 | ) |  | (887 | )
Provision/(recovery) | 3,288 |  |  | (1,547 | ) |  | (6,596 | ) |  | (1,636 | ) |  | 2,675 |  |  | (3 | ) |  | (3,819 | )
Ending balance | $ | 16,270 |  |  | $ | 10,573 |  |  | $ | 5,358 |  |  | $ | 11,328 |  |  | $ | 10,033 |  |  | $ | — |  |  | $ | 53,562 |
Loans collectively evaluated for impairment in the following tables include all performing loans at September 30, 2017 and December 31, 2016, 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 allowance for loan losses. Loans individually evaluated for impairment include all impaired loans internally classified as commercial loans at September 30, 2017 and December 31, 2016, which are evaluated for impairment in accordance with U.S. GAAP (see Note 1 of the Notes to Consolidated Financial Statements included in Park’s 2016 Annual Report). The composition of the allowance for loan losses at September 30, 2017 and December 31, 2016 was as follows:
| September 30, 2017
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributed to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 4,761 |  |  | $ | 320 |  |  | $ | — |  |  | $ | 13 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 5,102 |
Collectively evaluated for impairment | 13,216 |  |  | 9,852 |  |  | 5,401 |  |  | 10,072 |  |  | 11,589 |  |  | — |  |  | 50,130 |
Total ending allowance balance | $ | 17,977 |  |  | $ | 10,172 |  |  | $ | 5,401 |  |  | $ | 10,085 |  |  | $ | 11,597 |  |  | $ | — |  |  | $ | 55,232 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 29,844 |  |  | $ | 22,943 |  |  | $ | 1,458 |  |  | $ | 19,297 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 73,550 |
Loans collectively evaluated for impairment | 995,213 |  |  | 1,132,719 |  |  | 189,590 |  |  | 1,733,290 |  |  | 1,238,183 |  |  | 3,332 |  |  | 5,292,327 |
Total ending loan balance | $ | 1,025,057 |  |  | $ | 1,155,662 |  |  | $ | 191,048 |  |  | $ | 1,752,587 |  |  | $ | 1,238,191 |  |  | $ | 3,332 |  |  | $ | 5,365,877 |
Allowance for loan losses as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 15.95 | % |  | 1.39 | % |  | — | % |  | 0.07 | % |  | — | % |  | — | % |  | 6.94 | %
Loans collectively evaluated for impairment | 1.33 | % |  | 0.87 | % |  | 2.85 | % |  | 0.58 | % |  | 0.94 | % |  | — | % |  | 0.95 | %
Total | 1.75 | % |  | 0.88 | % |  | 2.83 | % |  | 0.58 | % |  | 0.94 | % |  | — | % |  | 1.03 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 29,848 |  |  | $ | 22,995 |  |  | $ | 1,460 |  |  | $ | 19,298 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 73,609 |
Loans collectively evaluated for impairment | 999,790 |  |  | 1,137,131 |  |  | 190,170 |  |  | 1,736,667 |  |  | 1,241,592 |  |  | 3,384 |  |  | 5,308,734 |
Total ending recorded investment | $ | 1,029,638 |  |  | $ | 1,160,126 |  |  | $ | 191,630 |  |  | $ | 1,755,965 |  |  | $ | 1,241,600 |  |  | $ | 3,384 |  |  | $ | 5,382,343 |
|  | December 31, 2016
(In thousands) |  | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributed to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 152 |  |  | $ | 309 |  |  | $ | — |  |  | $ | 87 |  |  | $ | — |  |  | $ | — |  |  | $ | 548 |
Collectively evaluated for impairment |  | 13,282 |  |  | 10,123 |  |  | 5,247 |  |  | 10,871 |  |  | 10,553 |  |  | — |  |  | 50,076 |
Total ending allowance balance |  | $ | 13,434 |  |  | $ | 10,432 |  |  | $ | 5,247 |  |  | $ | 10,958 |  |  | $ | 10,553 |  |  | $ | — |  |  | $ | 50,624 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 20,622 |  |  | $ | 24,465 |  |  | $ | 2,226 |  |  | $ | 23,102 |  |  | $ | — |  |  | $ | — |  |  | $ | 70,415 |
Loans collectively evaluated for impairment |  | 973,997 |  |  | 1,131,238 |  |  | 186,719 |  |  | 1,785,395 |  |  | 1,120,850 |  |  | 3,243 |  |  | 5,201,442 |
Total ending loan balance |  | $ | 994,619 |  |  | $ | 1,155,703 |  |  | $ | 188,945 |  |  | $ | 1,808,497 |  |  | $ | 1,120,850 |  |  | $ | 3,243 |  |  | $ | 5,271,857 |
Allowance for loan losses as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | 0.74 | % |  | 1.26 | % |  | — | % |  | 0.38 | % |  | — | % |  | — | % |  | 0.78 | %
Loans collectively evaluated for impairment |  | 1.36 | % |  | 0.89 | % |  | 2.81 | % |  | 0.61 | % |  | 0.94 | % |  | — | % |  | 0.96 | %
Total |  | 1.35 | % |  | 0.90 | % |  | 2.78 | % |  | 0.61 | % |  | 0.94 | % |  | — | % |  | 0.96 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 20,624 |  |  | $ | 24,474 |  |  | $ | 2,226 |  |  | $ | 23,102 |  |  | $ | — |  |  | $ | — |  |  | $ | 70,426 |
Loans collectively evaluated for impairment |  | 977,553 |  |  | 1,135,390 |  |  | 187,240 |  |  | 1,788,714 |  |  | 1,124,235 |  |  | 3,272 |  |  | 5,216,404 |
Total ending recorded investment |  | $ | 998,177 |  |  | $ | 1,159,864 |  |  | $ | 189,466 |  |  | $ | 1,811,816 |  |  | $ | 1,124,235 |  |  | $ | 3,272 |  |  | $ | 5,286,830 |

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration