XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.23.2

Allowance For Credit Losses (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] |
Activity In The Allowance For Loan Losses | The activity in the ACL for the three-month and the six-month periods ended June 30, 2023 and June 30, 2022 is summarized in the following tables:
| Three Months Ended June 30, 2023
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 16,572 |  |  | $ | 17,946 |  |  | $ | 5,362 |  |  | $ | 17,889 |  |  | $ | 28,053 |  |  | $ | 124 |  |  | $ | 85,946 |
Charge-offs | 188 |  |  | 530 |  |  | — |  |  | 14 |  |  | 1,953 |  |  | — |  |  | 2,685 |
Recoveries | 84 |  |  | — |  |  | 12 |  |  | 114 |  |  | 1,243 |  |  | — |  |  | 1,453 |
Net charge-offs/(recoveries) | $ | 104 |  |  | $ | 530 |  |  | $ | (12) |  |  | $ | (100) |  |  | $ | 710 |  |  | $ | — |  |  | $ | 1,232 |
(Recovery of) provision for credit losses | (190) |  |  | 1,725 |  |  | (488) |  |  | 430 |  |  | 1,027 |  |  | (12) |  |  | 2,492 |
Ending balance | $ | 16,278 |  |  | $ | 19,141 |  |  | $ | 4,886 |  |  | $ | 18,419 |  |  | $ | 28,370 |  |  | $ | 112 |  |  | $ | 87,206 |
| Three Months Ended June 30, 2022
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 13,288 |  |  | $ | 23,731 |  |  | $ | 4,230 |  |  | $ | 11,584 |  |  | $ | 25,797 |  |  | $ | 231 |  |  | $ | 78,861 |
Charge-offs | 723 |  |  | 598 |  |  | 33 |  |  | 46 |  |  | 1,002 |  |  | — |  |  | 2,402 |
Recoveries | 316 |  |  | 540 |  |  | 29 |  |  | 54 |  |  | 1,058 |  |  | 1 |  |  | 1,998 |
Net charge-offs/(recoveries) | $ | 407 |  |  | $ | 58 |  |  | $ | 4 |  |  | $ | (8) |  |  | $ | (56) |  |  | $ | (1) |  |  | $ | 404 |
(Recovery of) provision for credit losses | (134) |  |  | (1,334) |  |  | 165 |  |  | 2,027 |  |  | 2,296 |  |  | (29) |  |  | 2,991 |
Ending balance | $ | 12,747 |  |  | $ | 22,339 |  |  | $ | 4,391 |  |  | $ | 13,619 |  |  | $ | 28,149 |  |  | $ | 203 |  |  | $ | 81,448 |
| Six Months Ended June 30, 2023
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
ACL: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 16,987 |  |  | $ | 17,829 |  |  | $ | 5,550 |  |  | $ | 16,831 |  |  | $ | 28,021 |  |  | $ | 161 |  |  | $ | 85,379 |
Impact of Adoption of ASU 2022-02 | 222 |  |  | 181 |  |  | — |  |  | (20) |  |  | — |  |  | — |  |  | 383 |
Charge-offs | 537 |  |  | 530 |  |  | — |  |  | 43 |  |  | 3,810 |  |  | — |  |  | 4,920 |
Recoveries | 130 |  |  | 232 |  |  | 508 |  |  | 471 |  |  | 2,348 |  |  | — |  |  | 3,689 |
Net charge-offs/(recoveries) | $ | 407 |  |  | $ | 298 |  |  | $ | (508) |  |  | $ | (428) |  |  | $ | 1,462 |  |  | $ | — |  |  | $ | 1,231 |
(Recovery of) provision for credit losses | (524) |  |  | 1,429 |  |  | (1,172) |  |  | 1,180 |  |  | 1,811 |  |  | (49) |  |  | 2,675 |
Ending balance | $ | 16,278 |  |  | $ | 19,141 |  |  | $ | 4,886 |  |  | $ | 18,419 |  |  | $ | 28,370 |  |  | $ | 112 |  |  | $ | 87,206 |
| Six Months Ended June 30, 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 | 913 |  |  | 598 |  |  | 33 |  |  | 81 |  |  | 2,118 |  |  | 6 |  |  | 3,749 |
Recoveries | 434 |  |  | 588 |  |  | 530 |  |  | 86 |  |  | 1,975 |  |  | 1 |  |  | 3,614 |
Net charge-offs/(recoveries) | $ | 479 |  |  | $ | 10 |  |  | $ | (497) |  |  | $ | (5) |  |  | $ | 143 |  |  | $ | 5 |  |  | $ | 135 |
(Recovery of) provision for credit losses | (799) |  |  | (3,117) |  |  | (1,864) |  |  | 2,190 |  |  | 2,006 |  |  | (30) |  |  | (1,614) |
Ending balance | $ | 12,747 |  |  | $ | 22,339 |  |  | $ | 4,391 |  |  | $ | 13,619 |  |  | $ | 28,149 |  |  | $ | 203 |  |  | $ | 81,448 |
Composition Of The Allowance For Loan Losses | The composition of the ACL at June 30, 2023 and at December 31, 2022 was as follows:
| June 30, 2023
(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 | $ | 3,899 |  | $ | 233 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,132
Collectively evaluated for impairment | 12,379 |  | 18,908 |  | 4,886 |  | 18,419 |  | 28,370 |  | 112 |  | 83,074
Acquired with deteriorated credit quality | — |  | — |  | — |  | — |  | — |  | — |  | —
Total ending allowance balance | $ | 16,278 |  | $ | 19,141 |  | $ | 4,886 |  | $ | 18,419 |  | $ | 28,370 |  | $ | 112 |  | $ | 87,206
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 22,463 |  | $ | 17,621 |  | $ | 986 |  | $ | 2,331 |  | $ | — |  | $ | 486 |  | $ | 43,887
Loans collectively evaluated for impairment | 1,264,477 |  | 1,778,418 |  | 273,077 |  | 1,883,644 |  | 1,942,257 |  | 17,894 |  | 7,159,767
Loans acquired with deteriorated credit quality | 63 |  | 3,401 |  | 643 |  | 348 |  | — |  | — |  | 4,455
Total ending loan balance | $ | 1,287,003 |  | $ | 1,799,440 |  | $ | 274,706 |  | $ | 1,886,323 |  | $ | 1,942,257 |  | $ | 18,380 |  | $ | 7,208,109
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 17.36 | % |  | 1.32 | % |  | — | % |  | — | % |  | — | % |  | — | % |  | 9.42 | %
Loans collectively evaluated for impairment | 0.98 | % |  | 1.06 | % |  | 1.79 | % |  | 0.98 | % |  | 1.46 | % |  | 0.63 | % |  | 1.16 | %
Loans acquired with deteriorated credit quality | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Total | 1.26 | % |  | 1.06 | % |  | 1.78 | % |  | 0.98 | % |  | 1.46 | % |  | 0.61 | % |  | 1.21 | %
|  | December 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 |  | $ | 3,426 |  | $ | 131 |  | $ | — |  | $ | — |  | $ | — |  | $ | 9 |  | $ | 3,566
Collectively evaluated for impairment |  | 13,561 |  | 17,698 |  | 5,550 |  | 16,831 |  | 28,021 |  | 152 |  | 81,813
Acquired with deteriorated credit quality |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total ending allowance balance |  | $ | 16,987 |  | $ | 17,829 |  | $ | 5,550 |  | $ | 16,831 |  | $ | 28,021 |  | $ | 161 |  | $ | 85,379
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 41,307 |  | $ | 32,423 |  | $ | 1,712 |  | $ | 2,191 |  | $ | — |  | $ | 708 |  | $ | 78,341
Loans collectively evaluated for impairment |  | 1,259,524 |  | 1,758,118 |  | 323,043 |  | 1,794,302 |  | 1,904,981 |  | 18,929 |  | 7,058,897
Loans acquired with deteriorated credit quality |  | 102 |  | 3,513 |  | 660 |  | 378 |  | — |  | — |  | 4,653
Total ending loan balance |  | $ | 1,300,933 |  | $ | 1,794,054 |  | $ | 325,415 |  | $ | 1,796,871 |  | $ | 1,904,981 |  | $ | 19,637 |  | $ | 7,141,891
ACL as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | 8.29 | % |  | 0.40 | % |  | — | % |  | — | % |  | — | % |  | 1.27 | % |  | 4.55 | %
Loans collectively evaluated for impairment |  | 1.08 | % |  | 1.01 | % |  | 1.72 | % |  | 0.94 | % |  | 1.47 | % |  | 0.80 | % |  | 1.16 | %
Loans acquired with deteriorated credit quality |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Total |  | 1.31 | % |  | 0.99 | % |  | 1.71 | % |  | 0.94 | % |  | 1.47 | % |  | 0.82 | % |  | 1.20 | %

X
- Definition Schedule Of Allowance For Loan Losses [Text Block] + References No definition available. + Details
Name: | prk_ScheduleOfAllowanceForLoanLossesTextBlock
Namespace Prefix: | prk_
Data Type: | dtr-types1: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://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration