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Loans (Tables)
6 Months Ended
Jun. 30, 2020
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]  
Composition Of Loan Portfolio By Class Of Loan
The composition of the loan portfolio, by class of loan, at June 30, 2020 and December 31, 2019 was as follows:
 
 June 30, 2020December 31, 2019
(In thousands)Loan
Balance
Accrued
Interest
Receivable
Recorded
Investment
Loan
Balance
Accrued
Interest
Receivable
Recorded
Investment
Commercial, financial and agricultural *$1,736,696  $5,313  $1,742,009  $1,185,110  $4,393  $1,189,503  
Commercial real estate *1,632,625  6,830  1,639,455  1,609,413  5,571  1,614,984  
Construction real estate:      
Commercial245,339  792  246,131  233,637  826  234,463  
Mortgage105,489  261  105,750  96,574  228  96,802  
Installment1,156   1,160  1,488   1,492  
Residential real estate:      
Commercial498,697  1,311  500,008  479,081  1,339  480,420  
Mortgage1,234,017  1,951  1,235,968  1,176,316  1,381  1,177,697  
HELOC204,442  740  205,182  224,766  1,113  225,879  
Installment10,718  32  10,750  12,563  32  12,595  
Consumer1,506,434  4,620  1,511,054  1,452,375  4,314  1,456,689  
Leases28,832  13  28,845  30,081  20  30,101  
Total loans$7,204,445  $21,867  $7,226,312  $6,501,404  $19,221  $6,520,625  
* 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.
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 TDRs, and loans past due 90 days or more and still accruing by class of loan at June 30, 2020 and December 31, 2019:
 
 June 30, 2020
(In thousands)Nonaccrual
Loans
Accruing
TDRs
Loans Past Due
90 Days or More
and Accruing
Total
Nonperforming
Loans
Commercial, financial and agricultural$21,897  $8,297  $—  $30,194  
Commercial real estate50,490  3,581  645  54,716  
Construction real estate:    
Commercial631  —  —  631  
Mortgage520  17  —  537  
Installment—  16  —  16  
Residential real estate:    
Commercial5,257  —  —  5,257  
Mortgage15,415  8,406  784  24,605  
HELOC1,790  869  14  2,673  
Installment435  1,897  —  2,332  
Consumer2,330  974  320  3,624  
Leases1,641  —  —  1,641  
Total loans$100,406  $24,057  $1,763  $126,226  
 
 December 31, 2019
(In thousands)Nonaccrual
Loans
Accruing
TDRs
Loans Past Due
90 Days or More
and Accruing
Total
Nonperforming
Loans
Commercial, financial and agricultural$26,776  $6,349  $28  $33,153  
Commercial real estate39,711  2,080  625  42,416  
Construction real estate:   
Commercial453  —  —  453  
Mortgage25  84  —  109  
Installment72   —  77  
Residential real estate:    
Commercial2,025  —  —  2,025  
Mortgage15,271  8,826  1,209  25,306  
HELOC2,062  1,010  44  3,116  
Installment462  1,964  —  2,426  
Consumer3,089  980  645  4,714  
Leases134  —  186  320  
Total loans$90,080  $21,298  $2,737  $114,115  
Loans Individually And Collectively Evaluated For Impairment
The following table provides additional information regarding those nonaccrual and accruing TDR loans that are individually evaluated for impairment and those collectively evaluated for impairment at June 30, 2020 and December 31, 2019.
 
June 30, 2020December 31, 2019
 
(In thousands)
Nonaccrual and Accruing TDRsLoans Individually Evaluated for ImpairmentLoans Collectively Evaluated for ImpairmentNonaccrual and Accruing TDRsLoans Individually Evaluated for ImpairmentLoans Collectively Evaluated for Impairment
Commercial, financial and agricultural$30,194  $30,183  $11  $33,125  $33,088  $37  
Commercial real estate54,071  54,071  —  41,791  41,791  —  
Construction real estate:
Commercial
631  631  —  453  453  —  
Mortgage
537  —  537  109—  109
Installment
16  —  16  77—  77
Residential real estate:
Commercial
5,257  5,257  —  2,025  2,025  —  
Mortgage
23,821  —  23,821  24,097  —  24,097  
HELOC
2,659  —  2,659  3,072  —  3,072  
Installment
2,332  —  2,332  2,426  —  2,426  
Consumer3,304  —  3,304  4,069  —  4,069  
Leases1,641  1,641  —  134  134  —  
Total loans$124,463  $91,783  $32,680  $111,378  $77,491  $33,887  
Loans Individually Evaluated For Impairment By Class Of Loans
The following table presents loans individually evaluated for impairment by class of loan at June 30, 2020 and December 31, 2019.
 
June 30, 2020December 31, 2019
(In thousands)Unpaid Principal BalanceRecorded InvestmentAllowance for Loan Losses AllocatedUnpaid Principal BalanceRecorded InvestmentAllowance for Loan Losses Allocated
With no related allowance recorded
Commercial, financial and agricultural$16,019  $15,897  $—  $21,194  $21,010  $—  
Commercial real estate53,709  53,505  —  41,696  41,471  —  
Construction real estate:
Commercial631  631  —  453  453  —  
Residential real estate:
Commercial5,225  5,157  —  1,921  1,854  —  
Leases216  216  —  —  —  —  
With an allowance recorded
Commercial, financial and agricultural14,483  14,286  5,239  12,289  12,078  5,104  
Commercial real estate566  566  80  320  320  35  
Construction real estate:
Commercial—  —  —  —  —  —  
Residential real estate:
Commercial100  100  22  171  171  42  
Leases1,425  1,425  467  134  134  49  
Total$92,374  $91,783  $5,808  $78,178  $77,491  $5,230  
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 subsequent to impairment on loans individually evaluated for impairment as of and for the three-month and six-month periods ended June 30, 2020 and 2019:
 Three Months Ended
June 30, 2020
Three Months Ended
June 30, 2019
(In thousands)Recorded Investment at June 30, 2020Average
Recorded
Investment
Interest
Income
Recognized
Recorded Investment at June 30, 2019Average
Recorded
Investment
Interest
Income
Recognized
Commercial, financial and agricultural$30,183  $29,859  $180  $19,586  $16,136  $90  
Commercial real estate54,071  49,599  409  26,461  30,050  255  
Construction real estate:
   Commercial631  493   2,243  2,559  10  
Residential real estate:
   Commercial5,257  5,400  78  1,874  1,909  25  
Leases1,641  506  —  91  23  —  
Total$91,783  $85,857  $671  $50,255  $50,677  $380  


 Six Months Ended
June 30, 2020
Six Months Ended
June 30, 2019
(In thousands)Recorded Investment at June 30, 2020Average
Recorded
Investment
Interest
Income
Recognized
Recorded Investment at June 30, 2019Average
Recorded
Investment
Interest
Income
Recognized
Commercial, financial and agricultural$30,183  $30,931  $384  $19,586  $15,628  $137  
Commercial real estate54,071  46,582  890  26,461  29,209  526  
Construction real estate:
   Commercial631  460   2,243  2,330  22  
Residential real estate:
   Commercial5,257  3,960  101  1,874  2,277  45  
Leases1,641  346  —  91  13  —  
Total$91,783  $82,279  $1,383  $50,255  $49,457  $730  
Aging Of Recorded Investment In Past Due Loans
The following tables present the aging of the recorded investment in past due loans at June 30, 2020 and December 31, 2019 by class of loan. 

 June 30, 2020
(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 Recorded
Investment
Commercial, financial and agricultural$1,887  $12,239  $14,126  $1,727,883  $1,742,009  
Commercial real estate144  1,351  1,495  1,637,960  1,639,455  
Construction real estate:     
Commercial—  25  25  246,106  246,131  
Mortgage398  —  398  105,352  105,750  
Installment14  —  14  1,146  1,160  
Residential real estate:     
Commercial152  797  949  499,059  500,008  
Mortgage6,390  8,332  14,722  1,221,246  1,235,968  
HELOC347  718  1,065  204,117  205,182  
Installment62  180  242  10,508  10,750  
Consumer3,367  902  4,269  1,506,785  1,511,054  
Leases—  26  26  28,819  28,845  
Total loans$12,761  $24,570  $37,331  $7,188,981  $7,226,312  
(1) Includes an aggregate of $1.8 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $77.6 million of nonaccrual loans which were current in regards to contractual principal and interest payments.

 December 31, 2019
(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 Recorded
Investment
Commercial, financial and agricultural$582  $12,407  $12,989  $1,176,514  $1,189,503  
Commercial real estate160  1,143  1,303  1,613,681  1,614,984  
Construction real estate:    
Commercial—  —  —  234,463  234,463  
Mortgage397  —  397  96,405  96,802  
Installment24  —  24  1,468  1,492  
Residential real estate:     
Commercial—  908  908  479,512  480,420  
Mortgage12,841  9,153  21,994  1,155,703  1,177,697  
HELOC652  779  1,431  224,448  225,879  
Installment164  338  502  12,093  12,595  
Consumer6,561  1,621  8,182  1,448,507  1,456,689  
Leases368  186  554  29,547  30,101  
Total loans$21,749  $26,535  $48,284  $6,472,341  $6,520,625  
(1) Includes an aggregate of $2.7 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
        (2) Includes an aggregate of $66.3 million of nonaccrual loans which were current in regards to contractual principal and interest payments.
Recorded Investment By Loan Grade
The tables below present the recorded investment by loan grade at June 30, 2020 and December 31, 2019 for all commercial loans:
 
 June 30, 2020
(In thousands)5 Rated6 RatedNonaccrual and Accruing TDRs
Purchase Credit Impaired (1)
Pass-RatedRecorded
Investment
Commercial, financial and agricultural *$11,216  $—  $30,194  $453  $1,700,146  $1,742,009  
Commercial real estate *63,235  113  54,071  8,547  1,513,489  1,639,455  
Construction real estate:
Commercial—  —  631  1,022  244,478  246,131  
Residential real estate:
Commercial542  25  5,257  1,556  492,628  500,008  
Leases436  —  1,641  140  26,628  28,845  
Total commercial loans$75,429  $138  $91,794  $11,718  $3,977,369  $4,156,448  
 * 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.
(1) There were no loans acquired with deteriorated credit quality which were nonaccrual or TDRs at June 30, 2020.
 December 31, 2019
(In thousands)5 Rated6 RatedNonaccrual and Accruing TDRs
Purchase Credit Impaired (1)
Pass-RatedRecorded
Investment
Commercial, financial and agricultural *$11,981  $ $33,125  $966  $1,143,428  $1,189,503  
Commercial real estate *6,796  945  41,791  9,182  1,556,270  1,614,984  
Construction real estate:
Commercial4,857   453  1,044  228,108  234,463  
Residential real estate:
Commercial3,839  30  2,025  1,754  472,772  480,420  
Leases—  —  134  523  29,444  30,101  
Total Commercial Loans$27,473  $979  $77,528  $13,469  $3,430,022  $3,549,471  
 * 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.
(1) Excludes loans acquired with deteriorated credit quality which are nonaccrual or TDRs due to additional credit deterioration or modification post acquisition. These loans had a recorded investment of $6,000 at December 31, 2019.
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 June 30, 2020 and June 30, 2019, as well as the recorded investment of these contracts at June 30, 2020 and June 30, 2019. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically forgive principal.

 Three Months Ended
June 30, 2020
(In thousands)Number of
Contracts
AccruingNonaccrualTotal
Recorded
Investment
Commercial, financial and agricultural $82  $ $84  
Commercial real estate —  1,643  1,643  
Construction real estate:    
  Commercial—  —  —  —  
  Mortgage—  —  —  —  
  Installment—  —  —  —  
Residential real estate:    
  Commercial —  16  16  
  Mortgage13  868  922  1,790  
  HELOC —  28  28  
  Installment 108  32  140  
Consumer56  88  426  514  
Total loans82  $1,146  $3,069  $4,215  

 Three Months Ended
June 30, 2019
(In thousands)Number of
Contracts
AccruingNonaccrualTotal
Recorded
Investment
Commercial, financial and agricultural11  $1,802  $642  $2,444  
Commercial real estate —  780  780  
Construction real estate:    
  Commercial—  —  —  —  
  Mortgage 71  —  71  
  Installment—  —  —  —  
Residential real estate:   
  Commercial —  36  36  
  Mortgage —  374  374  
  HELOC 99  67  166  
  Installment 365  45  410  
Consumer105  60  903  963  
Total loans139  $2,397  $2,847  $5,244  

Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2020, $43,000 were on nonaccrual status at December 31, 2019. Of those loans which were modified and determined to be a TDR during the three-month period ended June 30, 2019, $0.6 million were on nonaccrual status at December 31, 2018.
The following tables detail the number of contracts modified as TDRs during the six-month periods ended June 30, 2020 and June 30, 2019, as well as the recorded investment of these contracts at June 30, 2020 and June 30, 2019. The recorded investment pre- and post-modification is generally the same due to the fact that Park does not typically forgive principal.

 Six Months Ended
June 30, 2020
(In thousands)Number of
Contracts
AccruingNonaccrualTotal
Recorded
Investment
Commercial, financial and agricultural $82  $1,074  $1,156  
Commercial real estate 1,141  1,703  2,844  
Construction real estate:
  Commercial—  —  —  —  
  Mortgage 10  —  10  
  Installment 14  —  14  
Residential real estate:
  Commercial —  16  16  
  Mortgage19  980  1,123  2,103  
  HELOC  37  40  
  Installment13  213  49  262  
Consumer113  136  539  675  
Total loans164  $2,579  $4,541  $7,120  

 Six Months Ended
June 30, 2019
(In thousands)Number of
Contracts
AccruingNonaccrualTotal
Recorded
Investment
Commercial, financial and agricultural16  $1,801  $1,099  $2,900  
Commercial real estate —  2,995  2,995  
Construction real estate:
  Commercial 456  —  456  
  Mortgage 71  —  71  
  Installment—  —  —  —  
Residential real estate:
  Commercial —  36  36  
  Mortgage14  54  619  673  
  HELOC 100  136  236  
  Installment16  550  46  596  
Consumer174  60  1,159  1,219  
Total loans235  $3,092  $6,090  $9,182  

Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2020, $0.3 million were on nonaccrual status at December 31, 2019. Of those loans which were modified and determined to be a TDR during the six-month period ended June 30, 2019, $1.3 million were on nonaccrual status at December 31, 2018.
Recorded Investment In Financing Receivable Modified As TDR Within 12 Months
The following tables present the recorded investment in loans which were modified as TDRs within the previous 12 months and for which there was a payment default during the three-month and six-month periods ended June 30, 2020 and June 30, 2019, respectively. For these tables, 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
June 30, 2020
Three Months Ended
June 30, 2019
(In thousands)Number of
Contracts
Recorded
Investment
Number of
Contracts
Recorded
Investment
Commercial, financial and agricultural $4,043   $91  
Commercial real estate—  —  —  —  
Construction real estate:  
Commercial—  —  —  —  
Mortgage—  —  —  —  
Installment 14  —  —  
Residential real estate:  
Commercial 16  —  —  
Mortgage 294   345  
HELOC 37   67  
Installment 30   67  
Consumer20  179  61  674  
Leases—  —  —  —  
Total loans 30  $4,613  79  $1,244  

Of the $4.6 million in modified TDRs which defaulted during the three-month period ended June 30, 2020, $4.2 million were accruing loans and $0.4 million were nonaccrual loans. Of the $1.2 million in modified TDRs which defaulted during the three-month period ended June 30, 2019, $30,000 were accruing loans and $1.2 million were nonaccrual loans.


 Six Months Ended
June 30, 2020
Six Months Ended
June 30, 2019
(In thousands)Number of
Contracts
Recorded
Investment
Number of
Contracts
Recorded
Investment
Commercial, financial and agricultural $4,051   $160  
Commercial real estate—  —  —  —  
Construction real estate:
Commercial—  —  —  —  
Mortgage—  —  —  —  
Installment 14  —  —  
Residential real estate:
Commercial 16  —  —  
Mortgage 294   382  
HELOC 37   67  
Installment 30   67  
Consumer23  218  69  720  
Leases—  —  —  —  
Total loans 34  $4,660  90  $1,396  

Of the $4.7 million in modified TDRs which defaulted during the six-month period ended June 30, 2020, $4.2 million were accruing loans and $0.5 million were nonaccrual loans. Of the $1.4 million in modified TDRs which defaulted during the six-month period ended June 30, 2019, $30,000 were accruing loans and $1.4 million were nonaccrual loans.