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Allowance For Loan Losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] |
Activity In The Allowance For Loan Losses | The activity in the allowance for loan losses for the three-month and nine-month periods ended September 30, 2020 and September 30, 2019 is summarized in the following tables.
| Three Months Ended September 30, 2020
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 23,476 |  |  | $ | 16,469 |  |  | $ | 6,828 |  |  | $ | 10,507 |  |  | $ | 15,624 |  |  | $ | 572 |  |  | $ | 73,476 |
Charge-offs | 241 |  |  | 45 |  |  | — |  |  | 34 |  |  | 1,208 |  |  | 1 |  |  | 1,529 |
Recoveries | 181 |  |  | 47 |  |  | 35 |  |  | 189 |  |  | 803 |  |  | — |  |  | 1,255 |
Net charge-offs/(recoveries) | 60 |  |  | (2) |  |  | (35) |  |  | (155) |  |  | 405 |  |  | 1 |  |  | 274 |
Provision | 3,571 |  |  | 6,417 |  |  | 1,544 |  |  | 546 |  |  | 1,750 |  |  | 8 |  |  | 13,836 |
Ending balance | $ | 26,987 |  |  | $ | 22,888 |  |  | $ | 8,407 |  |  | $ | 11,208 |  |  | $ | 16,969 |  |  | $ | 579 |  |  | $ | 87,038 |
| Three Months Ended September 30, 2019
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 17,370 |  |  | $ | 10,377 |  |  | $ | 5,065 |  |  | $ | 8,869 |  |  | $ | 12,265 |  |  | $ | 57 |  |  | $ | 54,003 |
Charge-offs | 585 |  |  | 8 |  |  | — |  |  | 85 |  |  | 1,801 |  |  | — |  |  | 2,479 |
Recoveries | 403 |  |  | 246 |  |  | 432 |  |  | 98 |  |  | 1,183 |  |  | — |  |  | 2,362 |
Net charge-offs/(recoveries) | 182 |  |  | (238) |  |  | (432) |  |  | (13) |  |  | 618 |  |  | — |  |  | 117 |
Provision/(recovery) | 1,238 |  |  | (177) |  |  | (65) |  |  | 49 |  |  | 908 |  |  | 14 |  |  | 1,967 |
Ending balance | $ | 18,426 |  |  | $ | 10,438 |  |  | $ | 5,432 |  |  | $ | 8,931 |  |  | $ | 12,555 |  |  | $ | 71 |  |  | $ | 55,853 |
Composition Of The Allowance For Loan Losses | The composition of the allowance for loan losses at September 30, 2020 and December 31, 2019 was as follows:
| September 30, 2020
(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 | $ | 5,033 |  |  | $ | 3,014 |  |  | $ | — |  |  | $ | 155 |  |  | $ | — |  |  | $ | 464 |  |  | $ | 8,666 |
Collectively evaluated for impairment | 21,913 |  |  | 19,872 |  |  | 8,407 |  |  | 10,993 |  |  | 16,969 |  |  | 115 |  |  | 78,269 |
Acquired with deteriorated credit quality | 41 |  |  | 2 |  |  | — |  |  | 60 |  |  | — |  |  | — |  |  | 103 |
Total ending allowance balance | $ | 26,987 |  |  | $ | 22,888 |  |  | $ | 8,407 |  |  | $ | 11,208 |  |  | $ | 16,969 |  |  | $ | 579 |  |  | $ | 87,038 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 33,075 |  |  | $ | 72,499 |  |  | $ | 3,142 |  |  | $ | 4,898 |  |  | $ | — |  |  | $ | 2,524 |  |  | $ | 116,138 |
Loans collectively evaluated for impairment | 1,693,568 |  |  | 1,608,993 |  |  | 354,845 |  |  | 1,815,628 |  |  | 1,652,638 |  |  | 24,859 |  |  | 7,150,531 |
Loans acquired with deteriorated credit quality | 373 |  |  | 7,985 |  |  | 1,009 |  |  | 2,383 |  |  | — |  |  | 127 |  |  | 11,877 |
Total ending loan balance | $ | 1,727,016 |  |  | $ | 1,689,477 |  |  | $ | 358,996 |  |  | $ | 1,822,909 |  |  | $ | 1,652,638 |  |  | $ | 27,510 |  |  | $ | 7,278,546 |
Allowance for loan losses as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 15.22 | % |  | 4.16 | % |  | — | % |  | 3.16 | % |  | — | % |  | 18.38 | % |  | 7.46 | %
Loans collectively evaluated for impairment | 1.29 | % |  | 1.24 | % |  | 2.37 | % |  | 0.61 | % |  | 1.03 | % |  | 0.46 | % |  | 1.09 | %
Loans acquired with deteriorated credit quality | 10.99 | % |  | 0.03 | % |  | — | % |  | 2.52 | % |  | — | % |  | — | % |  | 0.87 | %
Total | 1.56 | % |  | 1.35 | % |  | 2.34 | % |  | 0.61 | % |  | 1.03 | % |  | 2.10 | % |  | 1.20 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 33,098 |  |  | $ | 72,519 |  |  | $ | 3,142 |  |  | $ | 4,897 |  |  | $ | — |  |  | $ | 2,524 |  |  | $ | 116,180 |
Loans collectively evaluated for impairment | 1,700,477 |  |  | 1,615,685 |  |  | 355,806 |  |  | 1,819,008 |  |  | 1,657,153 |  |  | 24,881 |  |  | 7,173,010 |
Loans acquired with deteriorated credit quality | 375 |  |  | 8,084 |  |  | 1,012 |  |  | 2,393 |  |  | — |  |  | 127 |  |  | 11,991 |
Total ending recorded investment | $ | 1,733,950 |  |  | $ | 1,696,288 |  |  | $ | 359,960 |  |  | $ | 1,826,298 |  |  | $ | 1,657,153 |  |  | $ | 27,532 |  |  | $ | 7,301,181 |
|  | December 31, 2019
(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 |  | $ | 5,104 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |  |  | $ | 49 |  |  | $ | 5,230 |
Collectively evaluated for impairment |  | 14,948 |  |  | 10,187 |  |  | 5,311 |  |  | 8,458 |  |  | 12,211 |  |  | 66 |  |  | 51,181 |
Acquired with deteriorated credit quality |  | 151 |  |  | 7 |  |  | — |  |  | 110 |  |  | — |  |  | — |  |  | 268 |
Total ending allowance balance |  | $ | 20,203 |  |  | $ | 10,229 |  |  | $ | 5,311 |  |  | $ | 8,610 |  |  | $ | 12,211 |  |  | $ | 115 |  |  | $ | 56,679 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 33,077 |  |  | $ | 41,770 |  |  | $ | 453 |  |  | $ | 2,025 |  |  | $ | — |  |  | $ | 134 |  |  | $ | 77,459 |
Loans collectively evaluated for impairment |  | 1,151,073 |  |  | 1,558,550 |  |  | 330,106 |  |  | 1,888,088 |  |  | 1,452,373 |  |  | 29,424 |  |  | 6,409,614 |
Loans acquired with deteriorated credit quality (1) |  | 960 |  |  | 9,093 |  |  | 1,140 |  |  | 2,613 |  |  | 2 |  |  | 523 |  |  | 14,331 |
Total ending loan balance |  | $ | 1,185,110 |  |  | $ | 1,609,413 |  |  | $ | 331,699 |  |  | $ | 1,892,726 |  |  | $ | 1,452,375 |  |  | $ | 30,081 |  |  | $ | 6,501,404 |
Allowance for loan losses as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | 15.43 | % |  | 0.08 | % |  | — | % |  | 2.07 | % |  | — | % |  | 36.57 | % |  | 6.75 | %
Loans collectively evaluated for impairment |  | 1.30 | % |  | 0.65 | % |  | 1.61 | % |  | 0.45 | % |  | 0.84 | % |  | 0.22 | % |  | 0.80 | %
Loans acquired with deteriorated credit quality |  | 15.73 | % |  | 0.08 | % |  | — | % |  | 4.21 | % |  | — | % |  | — | % |  | 1.87 | %
Total |  | 1.70 | % |  | 0.64 | % |  | 1.60 | % |  | 0.45 | % |  | 0.84 | % |  | 0.38 | % |  | 0.87 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 33,088 |  |  | $ | 41,791 |  |  | $ | 453 |  |  | $ | 2,025 |  |  | $ | — |  |  | $ | 134 |  |  | $ | 77,491 |
Loans collectively evaluated for impairment |  | 1,155,449 |  |  | 1,564,011 |  |  | 331,161 |  |  | 1,891,941 |  |  | 1,456,687 |  |  | 29,444 |  |  | 6,428,693 |
Loans acquired with deteriorated credit quality (1) |  | 966 |  |  | 9,182 |  |  | 1,143 |  |  | 2,625 |  |  | 2 |  |  | 523 |  |  | 14,441 |
Total ending recorded investment |  | $ | 1,189,503 |  |  | $ | 1,614,984 |  |  | $ | 332,757 |  |  | $ | 1,896,591 |  |  | $ | 1,456,689 |  |  | $ | 30,101 |  |  | $ | 6,520,625 |
(1) Excludes loans acquired with deteriorated credit quality which were individually evaluated for impairment due to additional credit deterioration or modification post acquisition. These loans had a balance of $5,000, a recorded investment of $6,000, and no allowance as of December 31, 2019.
Schedule of High Risk Industries Additional Reserves | A breakout of the 4-rated balances and additional reserve related to these portfolios is detailed in the following table.
| September 30, 2020
(in thousands) | 4-Rated Balance |  | 4-Rated Balance - Originated |  | 4-Rated Balance - Purchased |  | Additional Reserve
Hotels and accommodations | $ | 86,041 |  |  | $ | 85,050 |  |  | $ | 991 |  |  | $ | 1,435 |
Restaurants and food service | 34,263 |  |  | 28,291 |  |  | 5,972 |  |  | 658 |
Strip shopping centers | 181,517 |  |  | 158,790 |  |  | 22,727 |  |  | 1,789 |
Total | $ | 301,821 |  |  | $ | 272,131 |  |  | $ | 29,690 |  |  | $ | 3,882 |
Additionally, management applied a 1% reserve to all hotels and accommodations loans in the general reserve population to account for increased valuation risk. At September 30, 2020, Park's originated hotels and accommodation loans had a balance of $178.8 million with an additional reserve related to valuation risks of $1.8 million.

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