XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.21.1

Allowance For Credit Losses (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] |
Schedule of High Risk Industries Additional Reserves | A breakout of the 4-rated balances within these portfolios and the additional reserve related to these portfolios is detailed in the following table.
| March 31, 2021
(in thousands) | 4-Rated Balance |  | Additional Reserve
Hotels and accommodations | $ | 116,076 |  |  | $ | 1,745 |
Restaurants and food service | 30,414 |  |  | 687 |
Strip shopping centers | 185,159 |  |  | 2,045 |
Total | $ | 331,649 |  |  | $ | 4,477 |
Additionally, management applied a 1% reserve to all hotels and accommodations loans in the collectively evaluated population to account for increased valuation risk. At March 31, 2021, Park's originated hotels and accommodation loans had a balance of $189.0 million with an additional reserve related to valuation risks of $1.9 million.
Activity In The Allowance For Loan Losses | The activity in the ACL for the three-month periods ended March 31, 2021 and March 31, 2020 is summarized in the following tables.
| Three Months Ended March 31, 2021
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, prior to adoption of ASC 326 | $ | 25,608 |  |  | $ | 23,480 |  |  | $ | 7,288 |  |  | $ | 11,363 |  |  | $ | 17,418 |  |  | $ | 518 |  |  | $ | 85,675 |
Impact of adopting ASC 326 | (8,257) |  |  | 2,119 |  |  | (1,898) |  |  | 3,121 |  |  | 10,925 |  |  | 80 |  |  | 6,090 |
Charge-offs | 146 |  |  | — |  |  | — |  |  | 11 |  |  | 1,544 |  |  | — |  |  | 1,701 |
Recoveries | 123 |  |  | 86 |  |  | 252 |  |  | 62 |  |  | 1,154 |  |  | — |  |  | 1,677 |
Net charge-offs/(recoveries) | $ | 23 |  |  | $ | (86) |  |  | $ | (252) |  |  | $ | (51) |  |  | $ | 390 |  |  | $ | — |  |  | $ | 24 |
(Recovery of) provision for credit loss | (1,049) |  |  | (1,198) |  |  | 171 |  |  | (498) |  |  | (2,224) |  |  | (57) |  |  | (4,855) |
Ending balance | $ | 16,279 |  |  | $ | 24,487 |  |  | $ | 5,813 |  |  | $ | 14,037 |  |  | $ | 25,729 |  |  | $ | 541 |  |  | $ | 86,886 |
| Three Months Ended March 31, 2020
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 20,203 |  |  | $ | 10,229 |  |  | $ | 5,311 |  |  | $ | 8,610 |  |  | $ | 12,211 |  |  | $ | 115 |  |  | $ | 56,679 |
Charge-offs | 523 |  |  | — |  |  | 6 |  |  | 71 |  |  | 2,085 |  |  | — |  |  | 2,685 |
Recoveries | 700 |  |  | 300 |  |  | 230 |  |  | 96 |  |  | 1,030 |  |  | — |  |  | 2,356 |
Net (recoveries)/charge-offs | $ | (177) |  |  | $ | (300) |  |  | $ | (224) |  |  | $ | (25) |  |  | $ | 1,055 |  |  | $ | — |  |  | $ | 329 |
Provision for (recovery of) credit loss | 1,164 |  |  | 1,062 |  |  | (42) |  |  | 382 |  |  | 2,572 |  |  | 15 |  |  | 5,153 |
Ending balance | $ | 21,544 |  |  | $ | 11,591 |  |  | $ | 5,493 |  |  | $ | 9,017 |  |  | $ | 13,728 |  |  | $ | 130 |  |  | $ | 61,503 |
Composition Of The Allowance For Loan Losses | The composition of the ACL at March 31, 2021 and December 31, 2020 was as follows:
| March 31, 2021
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributed to loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 4,324 |  |  | $ | 384 |  |  | $ | — |  |  | $ | 22 |  |  | $ | — |  |  | $ | 232 |  |  | $ | 4,962 |
Collectively evaluated for impairment | 11,955 |  |  | 24,103 |  |  | 5,813 |  |  | 14,015 |  |  | 25,729 |  |  | 309 |  |  | 81,924 |
Acquired with deteriorated credit quality | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total ending allowance balance | $ | 16,279 |  |  | $ | 24,487 |  |  | $ | 5,813 |  |  | $ | 14,037 |  |  | $ | 25,729 |  |  | $ | 541 |  |  | $ | 86,886 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 21,670 |  |  | $ | 68,898 |  |  | $ | 2,961 |  |  | $ | 5,403 |  |  | $ | — |  |  | $ | 1,475 |  |  | $ | 100,407 |
Loans collectively evaluated for impairment | 1,566,004 |  |  | 1,681,126 |  |  | 333,482 |  |  | 1,791,254 |  |  | 1,665,208 |  |  | 20,980 |  |  | 7,058,054 |
Loans acquired with deteriorated credit quality | 304 |  |  | 6,897 |  |  | 985 |  |  | 1,996 |  |  | — |  |  | 102 |  |  | 10,284 |
Total ending loan balance | $ | 1,587,978 |  |  | $ | 1,756,921 |  |  | $ | 337,428 |  |  | $ | 1,798,653 |  |  | $ | 1,665,208 |  |  | $ | 22,557 |  |  | $ | 7,168,745 |
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 19.95 | % |  | 0.56 | % |  | — | % |  | 0.41 | % |  | — | % |  | 15.73 | % |  | 4.94 | %
Loans collectively evaluated for impairment | 0.76 | % |  | 1.43 | % |  | 1.74 | % |  | 0.78 | % |  | 1.55 | % |  | 1.47 | % |  | 1.16 | %
Loans acquired with deteriorated credit quality | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Total | 1.03 | % |  | 1.39 | % |  | 1.72 | % |  | 0.78 | % |  | 1.55 | % |  | 2.40 | % |  | 1.21 | %
|  | December 31, 2020
(In thousands) |  | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributed to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 3,758 |  |  | $ | 1,316 |  |  | $ | — |  |  | $ | 16 |  |  | $ | — |  |  | $ | 344 |  |  | $ | 5,434 |
Collectively evaluated for impairment |  | 21,809 |  |  | 22,093 |  |  | 7,288 |  |  | 11,292 |  |  | 17,418 |  |  | 174 |  |  | 80,074 |
Acquired with deteriorated credit quality |  | 41 |  |  | 71 |  |  | — |  |  | 55 |  |  | — |  |  | — |  |  | 167 |
Total ending allowance balance |  | $ | 25,608 |  |  | $ | 23,480 |  |  | $ | 7,288 |  |  | $ | 11,363 |  |  | $ | 17,418 |  |  | $ | 518 |  |  | $ | 85,675 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 28,811 |  |  | $ | 70,334 |  |  | $ | 3,110 |  |  | $ | 4,557 |  |  | $ | — |  |  | $ | 1,595 |  |  | $ | 108,407 |
Loans collectively evaluated for impairment |  | 1,559,842 |  |  | 1,670,510 |  |  | 339,312 |  |  | 1,806,126 |  |  | 1,659,704 |  |  | 22,731 |  |  | 7,058,225 |
Loans acquired with deteriorated credit quality |  | 336 |  |  | 7,345 |  |  | 999 |  |  | 2,361 |  |  | — |  |  | 112 |  |  | 11,153 |
Total ending loan balance |  | $ | 1,588,989 |  |  | $ | 1,748,189 |  |  | $ | 343,421 |  |  | $ | 1,813,044 |  |  | $ | 1,659,704 |  |  | $ | 24,438 |  |  | $ | 7,177,785 |
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | 13.04 | % |  | 1.87 | % |  | — | % |  | 0.35 | % |  | — | % |  | 21.57 | % |  | 5.01 | %
Loans collectively evaluated for impairment |  | 1.40 | % |  | 1.32 | % |  | 2.15 | % |  | 0.63 | % |  | 1.05 | % |  | 0.77 | % |  | 1.13 | %
Loans acquired with deteriorated credit quality |  | 12.20 | % |  | 0.97 | % |  | — | % |  | 2.33 | % |  | — | % |  | — | % |  | 1.50 | %
Total |  | 1.61 | % |  | 1.34 | % |  | 2.12 | % |  | 0.63 | % |  | 1.05 | % |  | 2.12 | % |  | 1.19 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 28,836 |  |  | $ | 70,357 |  |  | $ | 3,110 |  |  | $ | 4,557 |  |  | $ | — |  |  | $ | 1,595 |  |  | $ | 108,455 |
Loans collectively evaluated for impairment |  | 1,566,344 |  |  | 1,676,388 |  |  | 340,116 |  |  | 1,808,892 |  |  | 1,664,214 |  |  | 22,745 |  |  | 7,078,699 |
Loans acquired with deteriorated credit quality |  | 337 |  |  | 7,461 |  |  | 1,002 |  |  | 2,372 |  |  | — |  |  | 112 |  |  | 11,284 |
Total ending recorded investment |  | $ | 1,595,517 |  |  | $ | 1,754,206 |  |  | $ | 344,228 |  |  | $ | 1,815,821 |  |  | $ | 1,664,214 |  |  | $ | 24,452 |  |  | $ | 7,198,438 |

X
- Definition Schedule Of Allowance For Loan Losses [Text Block] + References No definition available. + Details
Name: | prk_ScheduleOfAllowanceForLoanLossesTextBlock
Namespace Prefix: | prk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of High Risk Industries Additional Reserves + References No definition available. + Details
Name: | prk_ScheduleOfHighRiskIndustriesAdditionalReservesTableTextBlock
Namespace Prefix: | prk_
Data Type: | dtr-types: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

X
- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration