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Allowance For Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022 |  | December 31, 2021
(in thousands) | 4-Rated Balance |  | Additional Reserve |  | 4-Rated Balance |  | Additional Reserve
Hotels and accommodations | $ | 148,108 |  |  | $ | 1,670 |  |  | $ | 148,018 |  |  | $ | 2,226 |
Restaurants and food service | 44,606 |  |  | 754 |  |  | 40,648 |  |  | 917 |
Strip shopping centers | 167,099 |  |  | 1,384 |  |  | 184,171 |  |  | 2,033 |
Total | $ | 359,813 |  |  | $ | 3,808 |  |  | $ | 372,837 |  |  | $ | 5,176 |
Additionally, at March 31, 2022, management applied a 1.00% reserve to all hotels and accommodations loans in the collectively evaluated population to account for increased valuation risk. This 1.00% reserve was maintained from December 31, 2021. At March 31, 2022, Park's originated hotels and accommodation loans had a balance of $206.2 million with an additional reserve related to valuation risks of $2.1 million. At December 31, 2021, Park's originated hotels and accommodation loans had a balance of $203.9 million with an additional reserve related to valuation risks of $2.0 million.
Activity In The Allowance For Loan Losses | The activity in the ACL for the three-month periods ended March 31, 2022 and March 31, 2021 is summarized in the following tables.
| Three Months Ended March 31, 2022
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 14,025 |  |  | $ | 25,466 |  |  | $ | 5,758 |  |  | $ | 11,424 |  |  | $ | 26,286 |  |  | $ | 238 |  |  | $ | 83,197 |
Charge-offs | 190 |  |  | — |  |  | — |  |  | 35 |  |  | 1,116 |  |  | 6 |  |  | 1,347 |
Recoveries | 118 |  |  | 48 |  |  | 501 |  |  | 32 |  |  | 917 |  |  | — |  |  | 1,616 |
Net charge-offs/(recoveries) | $ | 72 |  |  | $ | (48) |  |  | $ | (501) |  |  | $ | 3 |  |  | $ | 199 |  |  | $ | 6 |  |  | $ | (269) |
(Recovery of) provision for credit loss | (665) |  |  | (1,783) |  |  | (2,029) |  |  | 163 |  |  | (290) |  |  | (1) |  |  | (4,605) |
Ending balance | $ | 13,288 |  |  | $ | 23,731 |  |  | $ | 4,230 |  |  | $ | 11,584 |  |  | $ | 25,797 |  |  | $ | 231 |  |  | $ | 78,861 |
| 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 |
Composition Of The Allowance For Loan Losses | The composition of the ACL at March 31, 2022 and December 31, 2021 was as follows:
| March 31, 2022
(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 | $ | 1,346 |  |  | $ | 143 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 24 |  |  | $ | 1,513 |
Collectively evaluated for impairment | 11,942 |  |  | 23,588 |  |  | 4,230 |  |  | 11,584 |  |  | 25,797 |  |  | 207 |  |  | 77,348 |
Acquired with deteriorated credit quality | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total ending allowance balance | $ | 13,288 |  |  | $ | 23,731 |  |  | $ | 4,230 |  |  | $ | 11,584 |  |  | $ | 25,797 |  |  | $ | 231 |  |  | $ | 78,861 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 22,129 |  |  | $ | 37,507 |  |  | $ | 208 |  |  | $ | 2,314 |  |  | $ | — |  |  | $ | 1,051 |  |  | $ | 63,209 |
Loans collectively evaluated for impairment | 1,278,033 |  |  | 1,738,036 |  |  | 303,206 |  |  | 1,725,411 |  |  | 1,688,406 |  |  | 18,318 |  |  | 6,751,410 |
Loans acquired with deteriorated credit quality | 157 |  |  | 5,062 |  |  | 944 |  |  | 816 |  |  | — |  |  | 8 |  |  | 6,987 |
Total ending loan balance | $ | 1,300,319 |  |  | $ | 1,780,605 |  |  | $ | 304,358 |  |  | $ | 1,728,541 |  |  | $ | 1,688,406 |  |  | $ | 19,377 |  |  | $ | 6,821,606 |
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 6.08 | % |  | 0.38 | % |  | — | % |  | — | % |  | — | % |  | 2.28 | % |  | 2.39 | %
Loans collectively evaluated for impairment | 0.93 | % |  | 1.36 | % |  | 1.40 | % |  | 0.67 | % |  | 1.53 | % |  | 1.13 | % |  | 1.15 | %
Loans acquired with deteriorated credit quality | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Total | 1.02 | % |  | 1.33 | % |  | 1.39 | % |  | 0.67 | % |  | 1.53 | % |  | 1.19 | % |  | 1.16 | %
|  | December 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 |  | $ | 1,385 |  |  | $ | 188 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 43 |  |  | $ | 1,616 |
Collectively evaluated for impairment |  | 12,640 |  |  | 25,278 |  |  | 5,758 |  |  | 11,424 |  |  | 26,286 |  |  | 195 |  |  | 81,581 |
Acquired with deteriorated credit quality |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total ending allowance balance |  | $ | 14,025 |  |  | $ | 25,466 |  |  | $ | 5,758 |  |  | $ | 11,424 |  |  | $ | 26,286 |  |  | $ | 238 |  |  | $ | 83,197 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 22,666 |  |  | $ | 47,820 |  |  | $ | 222 |  |  | $ | 2,606 |  |  | $ | — |  |  | $ | 1,188 |  |  | $ | 74,502 |
Loans collectively evaluated for impairment |  | 1,275,783 |  |  | 1,748,854 |  |  | 320,608 |  |  | 1,735,226 |  |  | 1,689,679 |  |  | 19,321 |  |  | 6,789,471 |
Loans acquired with deteriorated credit quality |  | 177 |  |  | 5,118 |  |  | 956 |  |  | 875 |  |  | — |  |  | 23 |  |  | 7,149 |
Total ending loan balance |  | $ | 1,298,626 |  |  | $ | 1,801,792 |  |  | $ | 321,786 |  |  | $ | 1,738,707 |  |  | $ | 1,689,679 |  |  | $ | 20,532 |  |  | $ | 6,871,122 |
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | 6.11 | % |  | 0.39 | % |  | — | % |  | — | % |  | — | % |  | 3.62 | % |  | 2.17 | %
Loans collectively evaluated for impairment |  | 0.99 | % |  | 1.45 | % |  | 1.80 | % |  | 0.66 | % |  | 1.56 | % |  | 1.01 | % |  | 1.20 | %
Loans acquired with deteriorated credit quality |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Total |  | 1.08 | % |  | 1.41 | % |  | 1.79 | % |  | 0.66 | % |  | 1.56 | % |  | 1.16 | % |  | 1.21 | %

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