XML 68 R47.htm IDEA: XBRL DOCUMENT v3.25.0.1

Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2024

Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]

Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

The activity in the allowance for credit losses for the years ended December 31, 2024, 2023, and 2022 is summarized in the following tables.

						Year ended December 31, 2024
(In thousands)						Commercial, financial and agricultural						Commercial real estate						Construction real estate						Residential real estate						Consumer						Leases						Total
Allowance for credit losses:
Beginning balance						$	15,496					$	16,374					$	5,227					$	18,818					$	27,713					$	117					$	83,745
Charge-offs						5,443						99						—						31						12,753						8						18,334
Recoveries						(438)						(825)						(1,067)						(366)						(5,315)						(1)						(8,012)
Net charge-offs (recoveries)						5,005						(726)						(1,067)						(335)						7,438						7						10,322
Provision for credit losses						2,192						2,471						831						3,202						5,806						41						14,543
Ending balance						$	12,683					$	19,571					$	7,125					$	22,355					$	26,081					$	151					$	87,966

 

						Year ended December 31, 2023
(In thousands)						Commercial, financial and agricultural						Commercial real estate						Construction real estate						Residential real estate						Consumer						Leases						Total
Allowance for credit losses:
Beginning balance						$	16,987					$	17,829					$	5,550					$	16,831					$	28,021					$	161					$	85,379
Impact of adopting ASU 2022-02						222						181						—						(20)						—						—						383
Charge-offs						1,226						754						546						44						8,293						—						10,863
Recoveries						(292)						(240)						(548)						(482)						(4,379)						(1)						(5,942)
Net charge-offs (recoveries)						934						514						(2)						(438)						3,914						(1)						4,921
(Recovery of) provision for credit losses						(779)						(1,122)						(325)						1,569						3,606						(45)						2,904
Ending balance						15,496						16,374						5,227						18,818						27,713						117						83,745

						Year ended December 31, 2022
(In thousands)						Commercial, financial and agricultural						Commercial real estate						Construction real estate						Residential real estate						Consumer						Leases						Total
Allowance for credit losses:
Beginning balance						$	14,025					$	25,466					$	5,758					$	11,424					$	26,286					$	238					$	83,197
Charge-offs						2,056						1,578						33						81						5,343						42						9,133
Recoveries						(826)						(627)						(1,343)						(164)						(3,767)						(31)						(6,758)
Net charge-offs (recoveries)						1,230						951						(1,310)						(83)						1,576						11						2,375
Provision for (recovery of) credit losses						4,192						(6,686)						(1,518)						5,324						3,311						(66)						4,557
Ending balance						$	16,987					$	17,829					$	5,550					$	16,831					$	28,021					$	161					$	85,379

Schedule of the composition of the allowance for loan losses

The composition of the ACL at December 31, 2024 and December 31, 2023 was as follows:

 

			December 31, 2024
(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 - nonaccrual			$	1,259					$	—					$	—					$	40					$	—					$	—					$	1,299
Individually evaluated for impairment - accrual			—						—						—						—						—						—						—
Collectively evaluated for impairment			11,424						19,571						7,125						22,315						26,081						151						86,667
Accruing acquired with deteriorated credit quality			—						—						—						—						—						—						—
Total ending allowance balance			$	12,683					$	19,571					$	7,125					$	22,355					$	26,081					$	151					$	87,966
Loan balance:
Individually evaluated for impairment - nonaccrual			$	24,194					$	23,230					$	8					$	5,700					$	—					$	17					$	53,149
Individually evaluated for impairment - accrual			15,290						—						—						—						—						—						15,290
Loans collectively evaluated for impairment			1,230,101						1,969,785						411,988						2,194,457						1,910,372						29,812						7,746,515
Accruing loans acquired with deteriorated credit quality			—						1,317						581						276						—						—						2,174
Total ending loan balance			$	1,269,585					$	1,994,332					$	412,577					$	2,200,433					$	1,910,372					$	29,829					$	7,817,128
ACL as a percentage of loan balance:
Individually evaluated for impairment - nonaccrual			5.20		%				—		%				—		%				0.70		%				—		%				—		%				2.44		%
Individually evaluated for impairment - accrual			—		%				—		%				—		%				—		%				—		%				—		%				—		%
Loans collectively evaluated for impairment			0.93		%				0.99		%				1.73		%				1.02		%				1.37		%				0.51		%				1.12		%
Accruing loans acquired with deteriorated credit quality			—		%				—		%				—		%				—		%				—		%				—		%				—		%
Total			1.00		%				0.98		%				1.73		%				1.02		%				1.37		%				0.51		%				1.13		%

			December 31, 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 - nonaccrual			$	4,980					$	3					$	—					$	—					$	—					$	—					$	4,983
Individually evaluated for impairment - accrual			—						—						—						—						—						—						—
Collectively evaluated for impairment			10,516						16,371						5,227						18,818						27,713						117						78,762
Accruing acquired with deteriorated credit quality			—						—						—						—						—						—						—
Total ending allowance balance			$	15,496					$	16,374					$	5,227					$	18,818					$	27,713					$	117					$	83,745
Loan balance:
Individually evaluated for impairment - nonaccrual			$	21,228					$	20,740					$	504					$	2,670					$	—					$	73					$	45,215
Individually evaluated for impairment - accrual			—						—						—						—						—						—						—
Loans collectively evaluated for impairment			1,274,390						1,853,383						303,969						2,026,537						1,945,936						23,956						7,428,171
Accruing loans acquired with deteriorated credit quality			22						1,870						626						317						—						—						2,835
Total ending loan balance			$	1,295,640					$	1,875,993					$	305,099					$	2,029,524					$	1,945,936					$	24,029					$	7,476,221
ACL as a percentage of loan balance:
Individually evaluated for impairment - nonaccrual			23.46		%				0.01		%				—		%				—		%				—		%				—		%				11.02		%
Individually evaluated for impairment - accrual			—		%				—		%				—		%				—		%				—		%				—		%				—		%
Loans collectively evaluated for impairment			0.83		%				0.88		%				1.72		%				0.93		%				1.42		%				0.49		%				1.06		%
Accruing loans acquired with deteriorated credit quality			—		%				—		%				—		%				—		%				—		%				—		%				—		%
Total			1.20		%				0.87		%				1.71		%				0.93		%				1.42		%				0.49		%				1.12		%

X

- Definition

Schedule Of Allowance For Loan Losses [Table Text Block]

+ References

No definition available.

+ Details

Name:	prk_ScheduleOfAllowanceForLoanLossesTableTextBlock
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://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: 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

+ Details

Name:	us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration