Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Feb. 22, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Transition Report | false | ||
Entity File Number | 1-13006 | ||
Entity Registrant Name | PARK NATIONAL CORPORATION | ||
Entity Incorporation, State or Country Code | OH | ||
Entity Tax Identification Number | 31-1179518 | ||
Entity Address, Address Line One | 50 North Third Street, | ||
Entity Address, Address Line Two | P.O. Box 3500 | ||
Entity Address, City or Town | Newark, | ||
Entity Address, State or Province | OH | ||
Entity Address, Postal Zip Code | 43058-3500 | ||
City Area Code | (740) | ||
Local Phone Number | 349-8451 | ||
Title of 12(b) Security | Common Shares, without par value | ||
Trading Symbol | PRK | ||
Security Exchange Name | NYSEAMER | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 1,608,482,724 | ||
Entity Common Stock, Shares Outstanding | 16,116,479 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2023 | ||
Document Fiscal Period Focus | FY | ||
Entity Central Index Key | 0000805676 | ||
Current Fiscal Year End Date | --12-31 | ||
Auditor Name | Crowe LLP | ||
Auditor Location | Columbus, OH | ||
Auditor Firm ID | 173 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Assets [Abstract] | ||
Cash and Due from Banks | $ 160,477 | $ 156,750 |
Money market instruments | 57,791 | 32,978 |
Cash and cash equivalents | 218,268 | 189,728 |
Debt Securities, Available-for-sale, Current | 1,332,842 | 1,733,696 |
Other Investments and Securities, at Cost | 96,302 | 87,091 |
Total investment securities | 1,429,144 | 1,820,787 |
Total loans | 7,476,221 | 7,141,891 |
Allowance for credit losses | 83,745 | 85,379 |
Net loans | 7,392,476 | 7,056,512 |
Bank Owned Life Insurance | 231,631 | 220,072 |
Prepaid Expense, Current | 165,879 | 153,579 |
Goodwill | 159,595 | 159,595 |
Intangible Assets, Net (Excluding Goodwill) | 4,652 | 5,975 |
Property, Plant and Equipment, Net | 74,211 | 82,126 |
Amortization Method Qualified Affordable Housing Project Investments | 62,703 | 60,968 |
Accrued Investment Income Receivable | 39,236 | 34,704 |
Other real estate owned | 983 | 1,354 |
Mortgage loan servicing rights | 14,656 | 15,792 |
Operating Lease, Right-of-Use Asset | 15,715 | 17,600 |
Other Assets, Miscellaneous | 27,304 | 36,201 |
Other Assets | 796,565 | 787,966 |
Assets, Total | 9,836,453 | 9,854,993 |
Liabilities [Abstract] | ||
Non-interest bearing | 2,628,234 | 3,074,276 |
Interest-bearing Deposit Liabilities | 5,414,332 | 5,160,439 |
Total deposits | 8,042,566 | 8,234,715 |
Short-term Debt | 328,182 | 227,342 |
Subordinated Debt | 189,147 | 188,667 |
Debt, Current, Total | 517,329 | 416,009 |
Operating Lease, Liability | 16,605 | 19,291 |
Interest Payable | 6,860 | 3,486 |
Qualified Affordable Housing Project Investments, Commitment | 28,768 | 28,132 |
Off-Balance Sheet, Credit Loss, Liability | 5,103 | 5,214 |
Other Liabilities Unclassified | 73,929 | 78,920 |
Other Liabilities, Total | 131,265 | 135,043 |
Total liabilities | 8,691,160 | 8,785,767 |
Commitments and Contingencies | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
Preferred Stock, Value, Issued | 0 | 0 |
Common Stock, Value, Issued | 463,280 | 462,404 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (66,191) | (102,394) |
Retained Earnings (Accumulated Deficit) | 903,877 | 847,235 |
Treasury Stock, Value | 155,673 | 138,019 |
Total shareholders’ equity | 1,145,293 | 1,069,226 |
Liabilities and Equity, Total | $ 9,836,453 | $ 9,854,993 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Interest and Dividend Income, Operating [Abstract] | |||
Interest and Fee Income, Loans and Leases | $ 399,795 | $ 323,107 | $ 317,208 |
Interest and Dividend Income, Securities, by Classification [Abstract] | |||
Interest Income, Securities, US Treasury and Other US Government | 52,786 | 36,047 | 19,458 |
Interest Income, Securities, State and Municipal | 10,966 | 10,964 | 8,307 |
Other Interest and Dividend Income | 8,123 | 8,129 | 880 |
Interest and Dividend Income, Operating, Total | 471,670 | 378,247 | 345,853 |
Interest Expense, Deposits [Abstract] | |||
Interest Expense, NOW Accounts, Money Market Accounts, and Savings Deposits | 71,776 | 17,646 | 1,595 |
Interest Expense, Time Deposits | 12,677 | 3,314 | 4,711 |
Interest Expense, Borrowings [Abstract] | |||
Interest Expense, Short-term Borrowings | 4,721 | 1,395 | 767 |
Interest Expense, Long-term Debt | 9,383 | 8,833 | 8,887 |
Total interest expense | 98,557 | 31,188 | 15,960 |
Net interest income | 373,113 | 347,059 | 329,893 |
Provision for (recovery of) credit losses | 2,904 | 4,557 | (11,916) |
Interest Income (Expense), after Provision for Loan Loss, Total | 370,209 | 342,502 | 341,809 |
Noninterest Income [Abstract] | |||
Debit card fee income | 26,522 | 26,046 | 25,865 |
Bank Owned Life Insurance Income | 5,338 | 6,100 | 4,897 |
ATM Fees | 2,178 | 2,273 | 2,379 |
Gains (Losses) on Sales of Other Real Estate | (3) | 5,611 | (4) |
Real Estate Owned, Valuation Allowance, Valuation Increase | 60 | 12,039 | 64 |
Gain (Loss) on Sale of Investments | (7,875) | 0 | 0 |
Gain on equity securities, net | 971 | 2,955 | 5,011 |
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | 7,572 | 12,108 | 8,152 |
Noninterest Income, Other | 3,652 | 9,326 | 10,487 |
Total other income | 92,634 | 135,935 | 129,944 |
Noninterest Expense [Abstract] | |||
Salaries | 139,237 | 133,299 | 125,585 |
Employee benefits | 42,264 | 40,490 | 41,603 |
Occupancy expense | 13,114 | 13,866 | 13,039 |
Furniture and equipment expense | 12,233 | 11,901 | 10,887 |
Data processing fees | 37,637 | 32,627 | 30,539 |
Professional fees and services | 29,173 | 30,837 | 27,450 |
Marketing | 5,471 | 5,335 | 6,073 |
Insurance | 7,640 | 5,413 | 5,917 |
Communication | 4,210 | 3,891 | 3,539 |
State tax expense | 4,657 | 4,585 | 4,255 |
Amortization of Intangible Assets | 1,323 | 1,487 | 1,798 |
Foundation contribution expense | 1,000 | 4,000 | 4,000 |
Miscellaneous | 11,280 | 10,247 | 8,833 |
Total other expense | 309,239 | 297,978 | 283,518 |
Income before income taxes | 153,604 | 180,459 | 188,235 |
Income taxes | 26,870 | 32,108 | 34,290 |
Net Income (Loss) Attributable to Parent | $ 126,734 | $ 148,351 | $ 153,945 |
Earnings Per Share [Abstract] | |||
Basic (in dollars per share) | $ 7.84 | $ 9.13 | $ 9.45 |
Diluted (in dollars per share) | $ 7.80 | $ 9.06 | $ 9.37 |
Fiduciary and Trust [Member] | |||
Noninterest Income [Abstract] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 35,474 | $ 34,091 | $ 34,449 |
Deposit Account [Member] | |||
Noninterest Income [Abstract] | |||
Revenue from Contract with Customer, Including Assessed Tax | 8,445 | 10,091 | 8,832 |
Bank Servicing [Member] | |||
Noninterest Income [Abstract] | |||
Revenue from Contract with Customer, Including Assessed Tax | 10,300 | 15,295 | 29,812 |
Noninterest Income, Other | $ 10,300 | $ 15,300 | $ 29,800 |
Statement of Comprehensive Inco
Statement of Comprehensive Income (Statement) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | |||
Net Income (Loss) Attributable to Parent | $ 126,734 | $ 148,351 | $ 153,945 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax | 38 | (12) | 1,754 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax | (8,334) | 876 | (26,875) |
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax, Total | (8,372) | 888 | (28,629) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | (6,221) | 0 | 0 |
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax | 21,610 | (116,867) | (19,537) |
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax | 27,831 | (116,867) | (19,537) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | 0 | 154 | 492 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 0 | 52 | 0 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | 0 | 206 | 492 |
Other Comprehensive Income (Loss), Net of Tax | 36,203 | (117,549) | 9,584 |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total | $ 162,937 | $ 30,802 | $ 163,529 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Preferred Stock [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Common Stock [Member] | Common Stock [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | Retained Earnings | Retained Earnings Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance | Treasury Stock, Common [Member] | Treasury Stock, Common [Member] Cumulative Effect, Period of Adoption, Adjusted Balance | AOCI Attributable to Parent [Member] | AOCI Attributable to Parent [Member] Cumulative Effect, Period of Adoption, Adjusted Balance |
Beginning balance at Dec. 31, 2020 | $ 0 | $ 0 | $ 460,687 | $ 460,687 | $ 704,764 | $ 696,808 | $ (130,766) | $ (130,766) | $ 5,571 | $ 5,571 | ||
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2020 | $ (7,956) | |||||||||||
Beginning balance, shares at Dec. 31, 2020 | 0 | 0 | 16,314,197 | 16,314,197 | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net Income (Loss) Attributable to Parent | $ 153,945 | 153,945 | ||||||||||
Other Comprehensive Income (Loss), Net of Tax | 9,584 | 9,584 | ||||||||||
Dividends, Common Stock, Cash | 74,634 | |||||||||||
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 45 | |||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | $ 6 | |||||||||||
Allocated Share-based Compensation Expense | $ 6,300 | $ 6,345 | ||||||||||
Shares Paid for Tax Withholding for Share Based Compensation | 18,436 | |||||||||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 29,670 | 29,670 | ||||||||||
Stock Granted, Value, Share-based Compensation, Net of Forfeitures | $ (5,226) | 141 | (2,964) | |||||||||
Treasury Stock, Shares, Acquired | 137,659 | |||||||||||
Treasury Stock, Value, Acquired, Cost Method | (16,048) | |||||||||||
Treasury Stock Reissued Shares For Director Grants | 13,400 | 13,400 | ||||||||||
Treasury shares reissued for director grants | (316) | 1,360 | ||||||||||
Ending balance, shares at Dec. 31, 2021 | 0 | 16,219,563 | ||||||||||
Ending balance at Dec. 31, 2021 | $ 0 | $ 461,800 | 776,294 | (142,490) | 15,155 | |||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Common Stock, Dividends, Per Share, Cash Paid | $ 4.52 | |||||||||||
Net Income (Loss) Attributable to Parent | $ 148,351 | 148,351 | ||||||||||
Other Comprehensive Income (Loss), Net of Tax | (117,549) | (117,549) | ||||||||||
Dividends, Common Stock, Cash | 76,771 | |||||||||||
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 14 | |||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | $ 2 | |||||||||||
Allocated Share-based Compensation Expense | $ 5,900 | $ 5,879 | ||||||||||
Shares Paid for Tax Withholding for Share Based Compensation | 21,219 | |||||||||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 34,245 | 34,245 | ||||||||||
Stock Granted, Value, Share-based Compensation, Net of Forfeitures | $ (5,273) | (965) | (3,477) | |||||||||
Treasury Stock Reissued Shares For Director Grants | 9,789 | 9,789 | ||||||||||
Treasury shares reissued for director grants | 326 | 994 | ||||||||||
Ending balance, shares at Dec. 31, 2022 | 0 | 0 | 16,263,583 | 16,263,583 | ||||||||
Ending balance at Dec. 31, 2022 | $ 1,069,226 | $ 0 | $ 0 | $ 462,404 | $ 462,404 | 847,235 | $ (303) | $ 846,932 | (138,019) | $ (138,019) | (102,394) | $ (102,394) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Common Stock, Dividends, Per Share, Cash Paid | $ 4.66 | |||||||||||
Net Income (Loss) Attributable to Parent | $ 126,734 | 126,734 | ||||||||||
Other Comprehensive Income (Loss), Net of Tax | 36,203 | 36,203 | ||||||||||
Dividends, Common Stock, Cash | 68,716 | |||||||||||
Allocated Share-based Compensation Expense | $ 6,800 | $ 6,787 | ||||||||||
Shares Paid for Tax Withholding for Share Based Compensation | 23,973 | |||||||||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 38,842 | 38,842 | ||||||||||
Stock Granted, Value, Share-based Compensation, Net of Forfeitures | $ (5,911) | (947) | (4,014) | |||||||||
Treasury Stock, Shares, Acquired | 199,000 | |||||||||||
Treasury Stock, Value, Acquired, Cost Method | (23,017) | |||||||||||
Treasury Stock Reissued Shares For Director Grants | 13,054 | 13,054 | ||||||||||
Treasury shares reissued for director grants | (126) | 1,349 | ||||||||||
Ending balance, shares at Dec. 31, 2023 | 0 | 16,116,479 | ||||||||||
Ending balance at Dec. 31, 2023 | $ 1,145,293 | $ 0 | $ 463,280 | $ 903,877 | $ (155,673) | $ (66,191) | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Common Stock, Dividends, Per Share, Cash Paid | $ 4.20 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Statement) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] | |||
Net Income (Loss) Attributable to Parent | $ 126,734,000 | $ 148,351,000 | $ 153,945,000 |
Provision for (recovery of) credit losses | 2,904,000 | 4,557,000 | (11,916,000) |
Amortization of Deferred Loan Origination Fees, Net | (8,759,000) | (12,085,000) | (25,185,000) |
Goodwill, Purchase Accounting Adjustments | 664,000 | (334,000) | (1,519,000) |
Depreciation | 14,015,000 | 13,819,000 | 13,267,000 |
Accretion (Amortization) of Discounts and Premiums, Investments | 3,794,000 | 3,666,000 | 2,174,000 |
Deferred Income Tax Expense (Benefit) | (703,000) | 611,000 | (3,131,000) |
Gain (Loss) on Sale of Investments | (7,875,000) | 0 | 0 |
Gain on equity securities, net | 971,000 | 2,955,000 | 5,011,000 |
Share-based Payment Arrangement, Noncash Expense | 8,010,000 | 7,199,000 | 8,021,000 |
Payments for Loan Originations, Loans to be Sold in Secondary Market | 65,211,000 | 173,880,000 | 569,080,000 |
Proceeds From Loan Sales | 65,338,000 | 185,361,000 | 609,377,000 |
Gain (Loss) on Sale of Loans and Leases | 495,000 | ||
Gains (Losses) on Sales of Other Real Estate | (3,000) | 5,611,000 | (4,000) |
Real Estate Owned, Valuation Allowance, Valuation Increase | (60,000) | (12,039,000) | (64,000) |
Gain (Loss) on Sale of Other Loans and Leases | 0 | (495,000) | 0 |
Bank Owned Life Insurance Income | 5,338,000 | 6,100,000 | 4,897,000 |
Amortization Method Qualified Affordable Housing Project Investments, Amortization | 8,265,000 | 7,743,000 | 7,313,000 |
Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract] | |||
Increase (Decrease) in Other Operating Assets | (2,182,000) | 4,467,000 | (12,406,000) |
Increase (Decrease) in Other Operating Liabilities | (6,982,000) | (4,814,000) | (7,939,000) |
Net cash provided by operating activities | 150,504,000 | 134,862,000 | 157,332,000 |
Net Cash Provided by (Used in) Investing Activities [Abstract] | |||
Proceeds from Sale of Federal Home Loan Bank Stock | 11,672,000 | 2,216,000 | 8,677,000 |
Proceeds from Sale of Debt Securities | 284,454,000 | 0 | 934,000 |
Proceeds from Sale, Maturity and Collection of Investments [Abstract] | |||
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale | 145,310,000 | 186,123,000 | 232,197,000 |
Payments to Acquire Investments [Abstract] | |||
Payments to Acquire Debt Securities, Available-for-sale | 3,981,000 | 317,278,000 | 953,900,000 |
Payments to Acquire Available-for-sale Securities, Equity | 2,195,000 | 9,165,000 | 0 |
Payments to Acquire Federal Home Loan Bank Stock | (18,228,000) | 0 | 0 |
Payments for (Proceeds from) Investments | 1,886,000 | 331,000 | 2,597,000 |
Payments for (Proceeds from) Loans and Leases | 329,810,000 | 271,753,000 | (312,187,000) |
Proceeds from Sale of Other Loans Held-for-sale | 0 | 4,345,000 | 3,718,000 |
Proceeds from Sale of Other Real Estate | 965,000 | 17,684,000 | 758,000 |
Proceeds from Life Insurance Policy | 1,816,000 | 9,587,000 | 5,598,000 |
Payment to Acquire Life Insurance Policy, Investing Activities | (10,779,000) | (7,500,000) | 0 |
Payments for Affordable Housing Programs | 9,364,000 | 10,352,000 | 10,814,000 |
Payments to Acquire Property, Plant, and Equipment | 7,589,000 | 7,937,000 | 14,093,000 |
Net cash used in investing activities | 64,157,000 | (403,699,000) | (412,141,000) |
Net Cash Provided by (Used in) Financing Activities [Abstract] | |||
Increase (Decrease) in Deposits | (386,901,000) | (456,922,000) | 605,168,000 |
(Increase) decrease in one way sell deposits | 194,752,000 | 787,116,000 | (272,952,000) |
Proceeds from (Repayments of) Short-term Debt | 100,840,000 | (11,444,000) | (103,444,000) |
Repayments of Long-term Debt | 0 | 0 | 32,500,000 |
Payments Related to Tax Withholding for Share-based Compensation | 2,844,000 | 2,761,000 | 2,403,000 |
Payments for Repurchase of Common Stock | 23,017,000 | 0 | 16,048,000 |
Payments of Ordinary Dividends | 68,951,000 | 76,604,000 | 74,306,000 |
Net cash (used in) provided by financing activities | (186,121,000) | 239,385,000 | 103,515,000 |
Cash and Cash Equivalents, Period Increase (Decrease), Total | 28,540,000 | (29,452,000) | (151,294,000) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 189,728,000 | 219,180,000 | 370,474,000 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 218,268,000 | 189,728,000 | 219,180,000 |
Supplemental Cash Flow Information [Abstract] | |||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 95,183,000 | 30,818,000 | 16,704,000 |
Income Taxes Paid | 17,200,000 | 24,670,000 | 25,505,000 |
Noncash Investing and Financing Items [Abstract] | |||
Real Estate Owned, Transfer to Real Estate Owned | 1,097,000 | 13,418,000 | 150,000 |
Transfer of Portfolio Loans and Leases to Held-for-sale | 0 | 3,890,000 | 3,718,000 |
Other Significant Noncash Transaction, Value of Consideration Received | 545,000 | 7,867,000 | 1,190,000 |
Affordable Housing Program Obligation, Period Increase (Decrease) | 10,000,000 | 10,000,000 | 10,000,000 |
Transfer to Investments | 2,745,000 | 16,250,000 | 3,000,000 |
Mortgages [Member] | |||
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] | |||
Gain (Loss) on Sale of Loans and Leases | 1,213,000 | 4,243,000 | 18,018,000 |
Consumer Portfolio Segment [Member] | |||
Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract] | |||
Increase (Decrease) in Prepaid Expense | $ (43,000) | $ (9,422,000) | $ (2,415,000) |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 1,418,770 | $ 1,854,852 |
Preferred Stock, Shares Authorized | 200,000 | 200,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Common Stock, No Par Value | $ 0 | $ 0 |
Common Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Common Stock, Shares, Issued | 17,623,104 | 17,623,104 |
Treasury Stock, Common, Shares | 1,506,625 | 1,359,521 |
Statement of Comprehensive In_2
Statement of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | |||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax | $ 10 | $ (3) | $ 466 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | 2,215 | (233) | 7,144 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 1,654 | 0 | 0 |
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax | 5,743 | (31,066) | (5,193) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | 41 | 131 | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | $ 0 | $ 14 | $ 0 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies The following is a summary of significant accounting policies followed in the preparation of the consolidated financial statements: Principles of Consolidation The consolidated financial statements include the accounts of Park National Corporation and its subsidiaries (“Park”, the “Company” or the “Corporation”), unless the context otherwise requires. Material intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Reclassifications Certain prior year amounts have been reclassified to conform with the current presentation. These reclassifications had no impact on net income or shareholders' equity. Restrictions on Cash and Due from Banks As of March 26, 2020, the Federal Reserve Board eliminated reserve requirements for all depository institutions. There were no compensating balance arrangements in existence at December 31, 2023 or 2022. Investment Securities Debt securities are classified upon acquisition into one of three categories: HTM, AFS, or trading (see Note 4 - Investment Securities). HTM debt securities are those debt securities that the Corporation has the positive intent and ability to hold to maturity and are recorded at amortized cost. The Corporation did not hold any HTM debt securities during any period presented. AFS debt securities are those debt securities that would be available to be sold in the future in response to the Corporation’s liquidity needs, changes in market interest rates, and asset-liability management strategies, among other reasons. AFS debt securities are reported at fair value, with unrealized holding gains and losses excluded from earnings, but included in other comprehensive income (loss), net of applicable income taxes. The Corporation did not hold any trading securities during any period presented. Interest income from debt securities includes amortization of purchase premium or discount. Premiums and discounts on investment securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Premiums on callable debt securities are amortized to their earliest call date. Gains and losses realized on the sale of debt securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days past due. Interest accrued but not received for a security placed on nonaccrual status is reversed against interest income. ACL - Debt Securities AFS For debt securities AFS in an unrealized loss position, Park first assesses whether it intends to sell, or it is more likely than not that Park will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through net income. For debt securities AFS that do not meet the aforementioned criteria, Park evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (loss), net of applicable taxes. Changes in the ACL are recorded as a provision for (or recovery of) credit loss expense. Losses are charged against the ACL when management believes that uncollectibility of a debt security AFS is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on debt securities AFS totaled $10.6 million and $12.4 million at December 31, 2023 and 2022, respectively, and is excluded from the estimate of credit losses. ACL - HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Park does not currently hold any HTM debt securities. Equity Securities Equity securities, included within "Other investment securities" on the Consolidated Balance Sheets, are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. Federal Home Loan Bank and Federal Reserve Bank of Cleveland Stock PNB is a member of the FHLB and the FRB. Members are required to own a certain amount of stock based on their level of borrowings and other factors and may invest in additional amounts. FHLB stock and FRB stock are classified as restricted securities and are carried at their redemption value within "Other investment securities" on the Consolidated Balance Sheets. Impairment is evaluated based on the ultimate recovery of par value. Both cash and stock dividends are reported as income. Loans Held for Sale Park has elected the fair value option for mortgage loans held for sale, which are carried at their fair value as of each balance sheet date. Mortgage Banking Derivatives Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The fair value of an interest rate lock is recorded at the time the commitment to fund a mortgage loan is executed and is adjusted for the expected exercise of a commitment before a loan is funded. In order to hedge against a change in interest rates resulting from the Company's commitments to fund loans, the Company enters into forward commitments for the future delivery of mortgage loans. The fair value of Park's mortgage banking derivatives is estimated based on the change in mortgage interest rates from the date the interest on a loan is locked. The fair value of these mortgage banking derivatives is included in "Loans" in the Consolidated Balance Sheets. Changes in the fair value of these mortgage banking derivatives are included in "Other service income" in the Consolidated Statements of Income. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred loan fees and costs. Interest income is accrued on the unpaid principal balance. Accrued interest receivable totaled $28.5 million and $22.3 million at December 31, 2023 and 2022, respectively, and was reported in "Accrued interest receivable" on the Consolidated Balance Sheets. Late charges on loans are recognized as income when they are collected. Net loan origination fees and costs are deferred and recognized in interest income using the level-yield method without anticipating prepayments. Commercial loans include: (1) commercial, financial and agricultural loans; (2) commercial real estate loans; (3) those commercial loans in the construction real estate loan segment; (4) those commercial loans in the residential real estate loan segment; and (5) leases. Consumer loans include: (1) mortgage and installment loans included in the construction real estate segment; (2) mortgage, home equity lines of credit ("HELOCs"), and installment loans included in the residential real estate segment; and (3) all loans included in the consumer segment. Generally, commercial loans are placed on nonaccrual status at 90 days past due and consumer and residential mortgage loans are placed on nonaccrual status at 120 days past due. The delinquency status of a loan is based on contractual terms and not on how recently payments have been received. Park’s charge-off policy for commercial loans requires management to establish an individual reserve or record a charge-off when collection is in doubt and there is, or likely will be, a collateral shortfall related to the estimated value of the collateral securing a loan. The Company’s charge-off policy for consumer loans is dependent on the class of the loan. Residential mortgage loans, HELOCs, and consumer loans secured by residential real estate are typically charged down to the value of the collateral, less estimated selling costs, at 180 days past due. The charge-off policy for other consumer loans, primarily installment loans, requires a monthly review of delinquent loans and a complete charge-off for any account that reaches 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans which are on nonaccrual status, it is Park’s policy to reverse interest previously accrued on the loans against interest income. Interest on such loans may be recorded on a cash basis and be included in earnings only when Park expects to receive the entire recorded investment of the respective loans. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. A description of each segment of the loan portfolio, along with the risk characteristics of each segment, is included below: Commercial, financial and agricultural: Commercial, financial and agricultural ("C&I") loans are made for a wide variety of general corporate purposes, including financing for commercial and industrial properties, financing for equipment, inventory and accounts receivable, acquisition financing, commercial leasing, and loans originated by consumer finance companies. The term of each commercial loan varies by its purpose. Repayment terms are structured such that commercial loans will be repaid within the economic useful life of the underlying asset. Risk of loss on C&I loans largely depends upon general economic cycles, as they may adversely impact certain industries, competency of the borrower's management team, the quality of the underlying assets supporting the loans including accounts receivable, inventory, and equipment, and the accuracy of the borrower's financial reporting. Such risks are mitigated by generally requiring the borrower's owners to guaranty the loans. Commercial real estate: Commercial real estate (“CRE”) loans include mortgage loans to developers and owners of commercial real estate. The lending policy for CRE loans is designed to address the unique risk attributes of CRE lending. The collateral for these CRE loans is the underlying commercial real estate. Risk of loss on CRE loans largely depends upon the cash flow of the properties, which is influenced by the amount of vacancy experienced with respect to underlying real estate, the credit capacity of the tenants occupying the underlying real estate, and general economic trends, as they may adversely impact the value of a property. These risks are mitigated by generally requiring personal guarantees of the owners of the properties and by requiring appraisals pursuant to government regulations. Construction real estate : The Company defines construction loans as both commercial construction loans and residential construction loans where the loan proceeds are used exclusively for the improvement of real estate. Construction loans may be in the form of a permanent loan or a short-term construction loan, depending on the needs of the individual borrower. Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost (including interest) of construction. If the estimate of construction cost proves to be inaccurate, Park may be required to advance funds beyond the amount originally committed to permit completion of the project. If the estimate of value proves inaccurate, Park may be confronted, at or prior to the maturity of the loan, with a project having a value insufficient to assure full repayment, should the borrower default. In the event that a default on a construction loan occurs and foreclosure follows, Park must take control of the project and attempt to either arrange for completion of construction or dispose of the unfinished project. Additional risks exist with respect to loans made to developers who do not have a buyer for the property, as the developer may lack funds to pay the loan if the property is not sold upon completion. Park attempts to reduce such risks on loans to developers by generally requiring personal guarantees and reviewing current personal financial statements and tax returns as well as other projects undertaken by the developer. Residential real estate: The Company defines residential real estate loans as first mortgages on individuals’ primary residences or second mortgages on individuals’ primary residences in the form of HELOCs or installment loans. Credit approval for residential real estate loans requires demonstration of sufficient income to repay the principal and interest and the real estate taxes and insurance, stable employment, an established credit record and a current independent third-party appraisal providing the market value of the real estate securing the loan. Residential real estate loans typically have longer terms and higher balances with lower yields as compared to consumer loans, but generally carry lower risks of default. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires creditors to make a reasonable and good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling. Documentation and verification of income within defined time frames and not-to-exceed limits are bases for affirming ability to repay. Risk of loss largely depends upon factors affecting the borrower's ability to repay as well as the general economic trends as they may adversely impact the value of the property. These risks are mitigated by completing a comprehensive underwriting of the borrower and by requiring appraisals pursuant to government regulations. Consumer: The Company originates direct and indirect consumer loans, primarily automobile, recreational vehicle and watercraft loans, to customers in the Company's primary market areas. Credit approval for consumer loans requires income sufficient to repay principal and interest due, stable employment, an established credit record and sufficient collateral for secured loans. Consumer loans typically have shorter terms and lower balances with higher yields as compared to real estate mortgage loans, but generally carry higher risks of default. Consumer loan collections are dependent on the borrower’s financial stability, and thus are more likely to be affected by adverse personal circumstances. Leases : The Company originates financing leases primarily for the purchase of commercial vehicles, operating/manufacturing equipment, and municipal vehicles/equipment. Repayment terms are structured such that the lease will be repaid within the economic useful life of the leased asset. Risk of losses on financing leases largely depends upon general economic cycles, as they may adversely impact certain industries, competency of the borrower’s management team, the quality and residual value of the leased asset, and the accuracy of the borrower’s financial reporting. These risks are mitigated by underwriting leases considering primary and secondary sources of repayment and requiring guaranteed residual values. Concentration of Credit Risk Park's commercial loan portfolio includes loans to a wide variety of corporations and businesses across many industrial classifications in the 26 Ohio counties, four North Carolina counties, four South Carolina counties and one Kentucky county where PNB operates, with the exception of nationwide aircraft loans and nationwide asset-based lending to consumer finance companies. The primary industries represented by these customers include real estate rental and leasing, finance and insurance, construction, accommodation and food services, health care and social assistance, other services, manufacturing, retail trade, agriculture, forestry, fishing and hunting, and professional, scientific, and technical services. PCD Loans The Company has purchased loans, some of which have shown evidence of credit deterioration since origination. Upon adoption of ASC 326, Park elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. Loans are only removed from the existing pools if they are written off, paid off, or sold. Upon adoption of ASC 326, the allowance for credit losses was determined for each pool and added to the pool's carrying amount to establish a new amortized cost basis. The difference between the unpaid principal balance of the pool and the new amortized cost basis is the noncredit premium or discount, which will be amortized into interest income over the remaining life of the pool. Changes to the allowance for credit losses after adoption are recorded through provision for credit losses expense. ACL - Loans The ACL is a valuation account that is deducted from the amortized cost of total loans to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes that the uncollectibility of a loan balance is confirmed. Expected recoveries cannot exceed the aggregate of the amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant and available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical credit loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. ACL - Loans - Collectively Evaluated The ACL is measured on a collective pool basis when similar risk characteristics exist. Park has identified the following portfolio segments and measures the allowance for credit losses using the following methods: Portfolio Segment Measurement Method Loss Driver Commercial, financial and agricultural Commercial, financial and agricultural Discounted Cash Flow Ohio Unemployment, Ohio GDP PPP loans Other Not Applicable Overdrafts Historical Loss Experience Not Applicable Commercial real estate Discounted Cash Flow Ohio Unemployment Construction real estate: Commercial Discounted Cash Flow Ohio Unemployment, Ohio GDP Retail Discounted Cash Flow Ohio Unemployment, Ohio GDP Residential real estate: Commercial Discounted Cash Flow Ohio Unemployment, Ohio HPI Mortgage Discounted Cash Flow Ohio Unemployment, Ohio HPI HELOC Discounted Cash Flow Ohio Unemployment, Ohio HPI Installment Discounted Cash Flow Ohio Unemployment, Ohio HPI Consumer: Consumer Discounted Cash Flow Ohio Unemployment, Ohio GDP GFSC Discounted Cash Flow Ohio Unemployment, Ohio GDP Check loans Historical Loss Experience Not Applicable Leases Remaining Life Not Applicable Expected credit losses are estimated over the contractual term of the loans, adjusted for prepayments when appropriate. The contractual term excludes extensions, renewals, and modifications unless renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by Park. In general, Park utilized a DCF method to estimate the quantitative portion of the allowance for credit losses for loans evaluated on a collective pooled basis. For each segment, a LDA was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA utilized Park's own Federal Financial Institutions Examination Council's ("FFIEC") Call Report data for the commercial, financial and agricultural and residential real estate segments. Peer data was incorporated into the analysis for the commercial real estate, construction real estate, and consumer segments. In creating the DCF model, Park established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average. Park's policy is to utilize its own data, which includes loan-level loss data from 2013 through December 31, 2023, whenever possible. Park and peer FFIEC Call Report data are utilized when there are insufficient defaults for a statistically sound calculation, or if Park does not have its own loan-level detail reflecting similar economic conditions as the forecasted loss drivers. Key inputs into the DCF model include loan-level detail, including the amortized cost basis of individual loans, payment structure, loss history, and forecasted loss drivers. Park utilizes a third party to provide economic forecasts under various scenarios, which are weighted in order to reflect model risk in the then current economic environment. The weighting of the scenarios is evaluated on a quarterly basis considering the various scenarios in the context of the then current economic environment and presumed risk of loss. Additional key assumptions in the DCF model include the PD, LGD, and prepayment/curtailment rates. When possible, Park utilizes its own PDs for the reasonable and supportable forecast period. When it is not possible to use Park's own PDs, the LDA is utilized to determine PDs based on the forecasted economic factors. In all cases, the LDA is then utilized to determine the long-term historical average, which is reached over the reversion period. When possible, Park's utilizes its own LGDs for the reasonable and supportable forecast period. When it is not possible to use Park's own LGDs, the LGD is derived using a method referred to as Frye Jacobs. The Frye Jacobs method is a mathematical formula that traces the relationship between LGD and PD over time and projects the LGD based on the level of PD forecasted. In all cases, the Frye Jacobs method is utilized to calculate LGDs during the reversion period and long-term historical average. Prepayment and curtailment rates were calculated based on Park's own data utilizing a three-year average. When the discounted cash flow method is used to determine the allowance for credit losses, management incorporates expected prepayments to determine the effective interest rate utilized to discount expected cash flow. Park reviews various internal and external factors to consider the need for any qualitative adjustments to the quantitative model. Factors considered include the following : • The nature and volume of Park’s financial assets; the existence, growth, and effect of any concentrations of credit and the volume and severity of past due financial assets, the volume of nonaccrual assets, and the volume and severity of adversely classified or graded assets. Specifically, management considers: ◦ Trends (e.g., growth, reduction) in specific categories of the loan portfolio, as well as adjustments to the types of loans offered by Park. ◦ Level of and trend in loan delinquencies, troubled loans, commercial watch list loans and nonperforming loans. ◦ Level of and trend in new nonaccrual loans. ◦ Level of and trend in loan charge-offs and recoveries. • Park's lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, charge-offs, and recoveries. • The quality of Park’s credit review function. • The experience, ability, and depth of Park’s lending, investment, collection, and other relevant management and staff. • The effect of other external factors such as the regulatory, legal and technological environments; competition; geopolitical conflict; and events such as natural disasters or pandemics. • Actual and expected changes in international, national, regional, and local economic and business conditions and developments in the markets in which Park operates that affect the collectability of financial assets. • Where the U.S. economy is within a given credit cycle. • The extent that there is government assistance (stimulus). Allowance for Credit Losses - Loans - Individually Evaluated Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. Park has determined that any commercial loans which have been placed on nonaccrual status are to be individually evaluated. Individual analysis establishes an individual reserve for loans in scope. Reserves on individually evaluated commercial loans are typically based on management’s best estimate of the fair value of collateral securing these loans, adjusted for selling costs as appropriate. Allowance for Credit Losses - Off-Balance Sheet Credit Exposures Park estimates expected credit losses over the contractual period in which Park is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by Park. The allowance for credit losses on off-balance sheet credit exposures is adjusted within "Miscellaneous other expense" on the Consolidated Statements of Income. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over the commitments' respective estimated lives. Funding rates are based on a historical analysis of Park's portfolio, while estimates of credit losses are determined using the same loss rates as funded loans. Bank Owned Life Insurance Park has purchased insurance policies on the lives of directors and certain key officers. Bank owned life insurance is recorded at its cash surrender value (or the amount that can be realized). Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over net identifiable tangible and intangible assets acquired in a purchase business combination. Goodwill is not amortized to expense, but is subject to impairment tests annually, or more frequently, if events or changes in circumstances indicate that the asset might be impaired, by assessing qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If after assessing these events or circumstances, it is concluded that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the performance of additional analysis is unnecessary. If the carrying amount of the goodwill exceeds the fair value, an impairment charge must be recorded in an amount equal to the excess, not to exceed the total goodwill allocated to the reporting unit. Other intangible assets consist of core deposit intangibles. Core deposit intangibles are amortized on an accelerated basis over a period of ten years. Premises and Equipment Land is carried at cost and is not subject to depreciation. Premises and equipment are carried at cost, less accumulated depreciation and amortization. Depreciation is generally provided on the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the shorter of the remaining lease period or the estimated useful lives of the improvements. Upon the sale or other disposal of an asset, the cost and related accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized. Maintenance and repairs are charged to expense as incurred while renewals and improvements that extend the useful life of an asset are capitalized. Premises and equipment are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be recoverable. The range of depreciable lives over which premises and equipment are being depreciated are: Buildings 30 Years Building improvements 5 to 10 Years Equipment, furniture and fixtures 3 to 12 Years Software 3 Years or the contractual useful life of the software Leasehold improvements Shorter of the remaining lease period or the estimated useful life of the improvement Other Real Estate Owned Management transfers a loan to OREO at the time that Park takes deed/title to the asset. OREO is initially recorded at fair value less anticipated selling costs (net realizable value), establishing a new cost basis, and consists of property acquired through foreclosure and real estate held for sale. If the net realizable value is below the carrying value of the loan at the date of transfer, the difference is charged to the allowance for credit losses. If the net realizable value is above the carrying value of the loan at the date of transfer, any charged-off amounts are recovered and any additional amount is recorded within the line item "OREO valuation markup." These assets are subsequently accounted for at the lower of cost or fair value less costs to sell. Subsequent changes in the value of real estate are classified as OREO valuation adjustments, are reported as adjustments to the carrying amount of OREO, and recorded within the line item “Miscellaneous income". In certain circumstances where management believes the devaluation may not be permanent in nature, Park utilizes a valuation allowance to record OREO devaluations, which is expensed through the line item “Miscellaneous income". Costs relating to development and improvement of such properties are capitalized (not in excess of fair value less estimated costs to sell), and costs relating to holding the properties are charged to the line item "Miscellaneous expense". Foreclosed Assets Foreclosed assets include non-real estate assets where Park, as creditor, has received physical possession of a borrower’s assets, regardless of whether formal foreclosure proceedings take place. Foreclosed assets are initially recorded as fair value less costs to sell when acquired, establishing a new cost basis. Operating costs after acquisition are expensed as incurred. As of December 31, 2023 and 2022, Park had $1.1 million and $605,000, respectively, of foreclosed assets included within “Other assets.” Mortgage Servicing Rights When Park sells mortgage loans with servicing retained, MSRs are initially recorded at fair value with the income statement effect recorded in "Other service income". Capitalized MSRs are amortized in proportion to and over the period of the estimated future servicing income of the underlying loan and are included within “Other service income”. MSRs are assessed for impairment quarterly, based on fair value, with any impairment recognized through a valuation allowance. The fair value of MSRs is determined by discounting estimated future cash flows from the servicing assets, using market discount rates and expected future prepayment rates. In order to calculate fair value, the sold loan portfolio is stratified into homogeneous pools of like categories. (See Note 12 - Loan Servicing.) Fees received for se |
Adoption of New Accounting Pron
Adoption of New Accounting Pronouncements and Issued Not Yet Effective Accounting Standards | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Adoption of New Accounting Pronouncements and Issued But Not Yet Effective Accounting Standards The following is a summary of new accounting pronouncements impacting Park's consolidated financial statements, and accounting standards that have been issued but were not effective for Park as of December 31, 2023: Adoption of New Accounting Pronouncements ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures: In March 2022, FASB issued ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures . ASU 2022-02 eliminated the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors , while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when borrowers are experiencing financial difficulty. Additionally, the amendments in this ASU require that public business entities disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost. Park adopted ASU 2022-02 using the modified retrospective transition method on January 1, 2023. Park recorded a $383,000 increase to the ACL, a $303,000 decrease to retained earnings and an $80,000 increase to deferred tax assets as of January 1, 2023 for the cumulative effect of adopting ASU 2022-02. Additionally, as a result of the adoption of this ASU and elimination of the concept of TDRs, total nonperforming loans decreased by $20.1 million effective January 1, 2023 and individually evaluated loans decreased by $11.5 million. The adoption of ASU 2022-02 impacted disclosures in Note 5 - Loans and Note 6 - Allowance for Credit Losses. SEC Cybersecurity Disclosures: In July 2023, the SEC voted to standardize disclosures about cybersecurity risk management, strategy, governance, and material cybersecurity incidents by public companies subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Current Report on Form 8-K has a new item, Item 1.05, and registrants are required to disclose under this Item 1.05 any cybersecurity incident that is deemed to be material and describe the material aspects of the incident's nature, scope, and timing, as well as its material impact, or reasonably likely material impact on a registrant, including its financial condition and results of operations. The Form 8-K filing is generally due four business days after a registrant determines that the cybersecurity incident is material. Also, SEC Regulation S-K has a new item, Item 106, which requires registrants to describe, on an annual basis, the processes for assessing, identifying, and managing material risks from cybersecurity threats as well as the material effects, or reasonably likely material effects, of risk from cybersecurity threats and previous cybersecurity incidents. Item 106 also requires registrants to describe the board of directors' oversight of risks from cybersecurity threats and management's role and expertise in assessing and managing material risks from cybersecurity threats. These disclosures are required in the annual report on Form 10-K. Compliance with the material incident disclosure requirements in Item 1.05 of Form 8-K began on December 18, 2023 and the annual disclosures are to be provided beginning with annual reports for fiscal years ending on or after December 15, 2023. Management adopted the SEC cybersecurity rules on December 18, 2023 and has included the new annual disclosures in this Annual Report on Form 10-K. Issued But Not Yet Effective Accounting Standards ASU 2023-06 - Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative: In October 2023, FASB issued ASU 2023-06 - Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative. ASU 2023-06 amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. ASU 2023-06 was issued in response to the SEC's August 2018 final rule that updated and simplified disclosure requirements. In the final rule, the SEC identified 27 disclosure requirements that were incremental to those in the ASC and referred them to the FASB for potential incorporation into US GAAP. To avoid duplication, the SEC intended to eliminate those disclosure requirements from existing SEC regulations if the FASB incorporated them into the relevant ASC subtopics. The disclosure requirements are currently included in either SEC Regulation S-X or SEC Regulation S-K. ASU 2023-06 adds 14 of the 27 identified disclosure or presentation requirements to the ASC. For entities, like Park, that are subject to the SEC's existing disclosure requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The amendments are to be applied prospectively and if by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or S-K, the pending content of the related amendment will be removed from the ASC and will not become effective for any entity. Management intends to adopt the provisions of ASU 2023-06 on their respective effective dates. The adoption of the provisions of ASU 2023-06 is not expected to have a material impact on Park's consolidated financial statements. ASU 2023-07 - Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures In November 2023, FASB issued ASU 2023-07 -Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 will require public entities to disclose information about their reportable segments' significant expenses on an interim and annual basis. Public entities will be required to disclose other segment items for each reportable segment and provide a description of its composition. Significant expense categories are derived from expenses that are regularly reported to an entity's chief operating decision-makers and included in a segments' reported measures of profit or loss. ASU 2023-07 will also require for an entity to disclose the title and position of the chief operating decision-maker and explain how the chief operating decision-maker uses the reported measures of profit or loss to assess segment performance. ASU 2023-07 also requires interim disclosures of certain segment-related disclosures that previously were required only on an annual basis and clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements under Topic 280. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. ASU 2023-07 requires entities to adopt the changes to the segment reporting guidance on a retrospective basis and early adoption is permitted. The adoption of the provisions of ASU 2023-07 is not expected to have an impact on Park's consolidated financial statements. ASU 2023-09- Income Taxes (Topic 740) Improvement to Income Tax Disclosures In December 2023, FASB issued ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 will require entities to disclose more detailed information in the reconciliation of their statutory tax rate to their effective tax rate. ASU 2023-09 also requires entities to disclose more detailed information about income taxes paid, including by jurisdiction. ASU 2023-09 is effective for public business entities for annual reporting periods beginning after December 15, 2024 and interim periods beginning after December 15, 2025. The adoption of the provisions of ASU 2023-09 is not expected to have an impact on Park's consolidated financial statements, but will impact disclosures. |
Organization
Organization | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | Organization Park National Corporation is a financial holding company headquartered in Newark, Ohio. Through PNB, Park is engaged in a general commercial banking and trust business, primarily in Ohio, Kentucky, North Carolina, and South Carolina, with the exception of nationwide aircraft loans and nationwide asset-based lending to consumer finance companies. PNB is headquartered in Newark, Ohio. A wholly-owned subsidiary of Park, GFSC is a consumer finance company located in Central Ohio. |
Investment Securities
Investment Securities | 12 Months Ended |
Dec. 31, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments Securities | Investment Securities "Debt securities" and "Other investment securities" are summarized below. Debt Securities The following tables summarize the amortized cost and fair value of debt securities at December 31, 2023 and December 31, 2022 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss. (In thousands) Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value 2023: Debt Securities Available-for-Sale Obligations of states and political subdivisions $ 251,531 $ 1,173 $ 11,520 $ 241,184 U.S. Government sponsored entities’ asset-backed securities 703,645 23 68,193 635,475 Collateralized loan obligations 443,112 31 4,857 438,286 Corporate debt securities 20,482 — 2,585 17,897 Total $ 1,418,770 $ 1,227 $ 87,155 $ 1,332,842 (In thousands) Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value 2022: Debt Securities Available-for-Sale Obligations of U.S. Government sponsored entities $ 39,000 $ — $ 1,787 $ 37,213 Obligations of states and political subdivisions 423,285 1,620 18,194 406,711 U.S. Government sponsored entities’ asset-backed securities 839,399 — 82,638 756,761 Collateralized loan obligations 535,518 — 18,979 516,539 Corporate debt securities 17,650 — 1,178 16,472 Total $ 1,854,852 $ 1,620 $ 122,776 $ 1,733,696 All debt securities were classified as AFS at December 31, 2023 and December 31, 2022. The following tables provide detail on debt securities AFS in an unrealized loss position for which an allowance for credit losses had not been recorded at December 31, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses 2023: Debt Securities Available-for-Sale Obligations of states and political subdivisions $ 46,685 $ 420 $ 103,993 $ 11,100 $ 150,678 $ 11,520 U.S. Government sponsored entities’ asset-backed securities — — 634,261 68,193 634,261 68,193 Collateralized loan obligations — — 404,019 4,857 404,019 4,857 Corporate debt securities 9,530 702 8,367 1,883 17,897 2,585 Total $ 56,215 $ 1,122 $ 1,150,640 $ 86,033 $ 1,206,855 $ 87,155 Less than 12 Months 12 Months or Longer Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses 2022: Debt Securities Available-for-Sale Obligations of U.S. Government sponsored entities $ 37,213 $ 1,787 $ — $ — $ 37,213 $ 1,787 Obligations of states and political subdivisions 270,905 18,194 — — 270,905 18,194 U.S. Government sponsored entities’ asset-backed securities 446,423 27,507 310,338 55,131 756,761 82,638 Collateralized loan obligations 415,491 15,446 101,048 3,533 516,539 18,979 Corporate debt securities 7,388 862 1,684 316 9,072 1,178 Total $ 1,177,420 $ 63,796 $ 413,070 $ 58,980 $ 1,590,490 $ 122,776 At December 31, 2023, Park’s debt security portfolio consisted of $1.3 billion of securities, $1.2 billion of which were in an unrealized loss position with unrealized losses of $87.2 million. Of the $1.2 billion of securities in an unrealized loss position, $1.2 billion were in an unrealized loss position for 12 months or longer. Of the $87.2 million in unrealized losses, an aggregate of $68.2 million were related to Park's "U.S. Government sponsored entities' asset-backed securities" portfolio. For non-agency debt securities, Park verified that the current credit ratings remain above investment grade. Quarterly, management reviews the credit profile of each non-agency debt security and assesses whether any impairment to the contractually obligated cash flow is likely to occur. Based on these reviews, management has concluded that the underlying creditworthiness for each security remains sufficient to maintain required payment obligations and, therefore, unrealized losses have not been recognized into net income. Management does not intend to sell, and it is not more likely than not that management would be required to sell, the securities prior to their anticipated recovery in respect of the unrealized losses. Management believes the value will recover as the securities approach maturity or market interest rates change. There was no allowance for credit losses recorded for debt securities AFS at December 31, 2023 and December 31, 2022. Additionally, for the years ended December 31, 2023, 2022, and 2021, there were no credit-related investment impairment losses recognized. The amortized cost and estimated fair value of investments in debt securities at December 31, 2023, are shown in the following table by contractual maturity, except for asset-backed securities and collateralized loan obligations, which are shown as a single total, due to the unpredictability of the timing in principal repayments. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. (In thousands) Amortized Cost Fair Value Tax Equivalent Yield (1) Debt Securities Available-for-Sale Obligations of states and political subdivisions Due one through five years $ 1,510 $ 1,511 3.15 % Due five through ten years 110,685 110,449 3.47 % Due greater than ten years 139,336 129,224 3.08 % Total $ 251,531 $ 241,184 3.25 % U.S. Government sponsored entities’ asset-backed securities $ 703,645 $ 635,475 1.89 % Collateralized loan obligations $ 443,112 $ 438,286 7.30 % Corporate debt securities Due one through five years $ 2,832 $ 2,801 10.39 % Due five through ten years $ 17,650 $ 15,096 3.89 % Total $ 20,482 $ 17,897 4.79 % (1) The tax equivalent yield for obligations of states and political subdivisions includes the effects of a taxable equivalent adjustment using a 21% federal corporate income tax rate. At December 31, 2023, investment securities with a fair value of $416.0 million were pledged for government and public fund deposits, $180.8 million were pledged to secure repurchase agreements and $5.2 million were pledged as collateral for FHLB advance borrowings. At December 31, 2022, investment securities with a fair value of $433.8 million were pledged for government and public fund deposits, $313.1 million were pledged to secure repurchase agreements and $6.8 million were pledged as collateral for FHLB advance borrowings. At December 31, 2023, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders’ equity. During 2023, Park sold certain AFS debt securities with a book value of $291.0 million at a gross loss of $7.9 million. There were no sales of AFS debt securities during 2022 and 2021. Other Investment Securities Other investment securities (as shown on the Consolidated Balance Sheets) consist of restricted stock investments in the FHLB and the FRB, and equity securities. The FHLB and FRB restricted stock investments are carried at their redemption value. Equity securities with a readily determinable fair value are carried at fair value. Equity securities without a readily determinable fair value are recorded at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions ("modified cost"). Park's portfolio of equity investments in limited partnerships which provide mezzanine funding ("Partnership Investments") are valued using the net asset value practical expedient in accordance with ASC 820. The carrying amount of other investment securities at December 31, 2023 and 2022 was as follows: (In thousands) December 31, 2023 December 31, 2022 FHLB stock $ 17,754 $ 11,197 FRB stock 14,653 14,653 Equity investments carried at fair value 2,089 1,859 Equity investments carried at modified cost (1) 15,921 14,725 Equity investments carried at net asset value 45,885 44,657 Total other investment securities $ 96,302 $ 87,091 (1) There have been no impairments or downward adjustments made to equity investments carried at modified cost. There were no adjustments recorded during the year ended December 31, 2023 as a result of observable price changes. An upward adjustment of $871,000 was recorded during the year ended December 31, 2022 as a result of observable price changes. During the year ended December 31, 2023, Park purchased 182,289 shares of FHLB stock with a book value of $18.2 million. During the year ended December 31, 2023, the FHLB repurchased 116,722 shares of FHLB stock with a book value of $11.7 million. During the year ended December 31, 2022, the FHLB repurchased 22,160 shares of FHLB stock with a book value of $2.2 million. During the year ended December 31, 2021, the FHLB repurchased 86,770 shares of FHLB stock with a book value of $8.7 million. No shares of FHLB stock were purchased in the years ended December 31, 2022 or 2021. No shares of FRB stock were purchased or sold in any of the years ended December 31, 2023, 2022, or 2021. For the years ended December 31, 2023, 2022 and 2021, $600,000, $601,000 and $552,000, respectively, of gains on equity investments carried at fair value were recorded within "Gain on equity securities, net" on the Consolidated Statements of Income. For the years ended December 31, 2023, 2022 and 2021, $371,000, $2.4 million and $4.5 million, respectively, of gains on equity investments carried at NAV were recorded within "Gain on equity securities, net" on the Consolidated Statements of Income. |
Loans
Loans | 12 Months Ended |
Dec. 31, 2023 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Loans | Loans The composition of the loan portfolio at December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 December 31, 2022 (In thousands) Amortized Cost Amortized Cost Commercial, financial and agricultural: (1) Commercial, financial and agricultural (1) $ 1,292,025 $ 1,295,238 PPP loans 2,116 4,206 Overdrafts 1,499 1,489 Commercial real estate (1) 1,875,993 1,794,054 Construction real estate: Commercial 209,226 208,982 Retail 95,873 116,433 Residential real estate: Commercial 609,410 550,183 Mortgage 1,239,861 1,075,446 HELOC 174,349 167,151 Installment 5,904 4,091 Consumer: Consumer 1,943,869 1,902,831 Check loans 2,067 2,150 Leases 24,029 19,637 Total $ 7,476,221 $ 7,141,891 Allowance for credit losses (83,745) (85,379) Net loans $ 7,392,476 $ 7,056,512 (1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that were not broken out by class. In order to support customers, Park participated in the CARES Act Paycheck Protection Program ("PPP"). For its assistance in making and retaining these loans, Park received an aggregate of $33.1 million in fees from the SBA. During the years ended December 31, 2023, December 31, 2022, and December 31, 2021, $41,000, $3.0 million, and $16.3 million, respectively, of PPP fee income was recognized within loan interest income. Loans are shown net of deferred origination fees, costs and unearned income of $19.1 million at December 31, 2023, and of $18.2 million at December 31, 2022, which represented a net deferred income position in both years. At December 31, 2023 and December 31, 2022, loans included purchase accounting adjustments of $1.8 million and $2.5 million, respectively, which represented a net deferred income position at each date. This fair market value purchase accounting adjustment is expected to be recognized into interest income on a level yield basis over the remaining expected life of the loans. Overdrawn deposit accounts of $1.5 million were reclassified to loans at both December 31, 2023 and December 31, 2022. Credit Quality Among other things, the adoption of ASU 2022-02 on January 1, 2023 eliminated the concept of TDRs. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still accruing. The following table presents the amortized cost of nonaccrual loans and loans past due 90 days or more and still accruing, by class of loan, at December 31, 2023: December 31, 2023 (In thousands) Nonaccrual Loans Past Due Total Commercial, financial and agricultural: Commercial, financial and agricultural $ 21,284 $ 14 $ 21,298 PPP loans — — $ — Overdrafts — — $ — Commercial real estate 20,740 — $ 20,740 Construction real estate: Commercial 504 — $ 504 Retail — 26 $ 26 Residential real estate: Commercial 2,670 — $ 2,670 Mortgage 11,786 206 $ 11,992 HELOC 815 — $ 815 Installment 16 — $ 16 Consumer: Consumer 2,371 613 $ 2,984 Check loans — — $ — Leases 73 — $ 73 Total loans $ 60,259 $ 859 $ 61,118 The following table presents the amortized cost of nonaccrual loans, accruing TDRs, and loans past due 90 days or more and still accruing, by class of loan, at December 31, 2022: December 31, 2022 (In thousands) Nonaccrual Accruing Loans Past Due 90 Days or More and Accruing Total Commercial, financial and agricultural Commercial, financial and agricultural $ 38,158 $ 3,261 $ — $ 41,419 PPP loans — — 389 389 Overdrafts — — — — Commercial real estate 24,504 7,919 — 32,423 Construction real estate: Commercial 1,712 — — 1,712 Retail 1,254 12 — 1,266 Residential real estate: Commercial 1,894 298 — 2,192 Mortgage 9,260 6,750 182 16,192 HELOC 1,133 187 7 1,327 Installment 51 1,037 — 1,088 Consumer Consumer 1,022 670 703 2,395 Check loans — — — — Leases 708 — — 708 Total loans $ 79,696 $ 20,134 $ 1,281 $ 101,111 The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Nonaccrual Loans With No ACL Nonaccrual Loans With an ACL Related ACL Commercial, financial and agricultural: Commercial, financial and agricultural $ 8,634 $ 12,650 $ 4,985 PPP loans — — — Overdrafts — — — Commercial real estate 20,175 565 2 Construction real estate: Commercial 504 — — Retail — — — Residential real estate: Commercial 2,670 — — Mortgage — 11,786 117 HELOC — 815 25 Installment — 16 — Consumer Consumer — 2,371 672 Check loans — — — Leases 73 — — Total loans $ 32,056 $ 28,203 $ 5,801 December 31, 2022 (In thousands) Nonaccrual Loans With No ACL Nonaccrual Loans With an ACL Related ACL Commercial, financial and agricultural: Commercial, financial and agricultural $ 28,291 $ 9,867 $ 3,440 PPP loans — — — Overdrafts — — — Commercial real estate 22,965 1,539 130 Construction real estate: Commercial 1,712 — — Retail — 1,254 19 Residential real estate: Commercial 1,894 — — Mortgage — 9,260 85 HELOC — 1,133 191 Installment — 51 17 Consumer Consumer — 1,022 284 Check loans — — — Leases 680 28 9 Total loans $ 55,542 $ 24,154 $ 4,175 Nonaccrual commercial loans are evaluated on an individual basis and are excluded from the collective evaluation. Management’s general practice is to proactively charge down loans individually evaluated to the fair value of the underlying collateral. Nonaccrual consumer loans are collectively evaluated based on similar risk characteristics. The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, as of December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Real Estate Business Assets Other Total Commercial, financial and agricultural Commercial, financial and agricultural $ 8,137 $ 9,377 $ 3,737 $ 21,251 Commercial real estate 22,096 514 — 22,610 Construction real estate: Commercial 1,130 — — 1,130 Residential real estate: Commercial 2,910 — — 2,910 Mortgage 76 — — 76 Leases — 73 — 73 Total loans $ 34,349 $ 9,964 $ 3,737 $ 48,050 December 31, 2022 (In thousands) Real Estate Business Assets Other Total Commercial, financial and agricultural Commercial, financial and agricultural $ 8,242 $ 7,788 $ 23,125 $ 39,155 Commercial real estate 35,908 28 — 35,936 Construction real estate: Commercial 2,372 — — 2,372 Residential real estate: Commercial 2,479 — — 2,479 Mortgage 90 — — 90 HELOC — — — — Leases — 708 — 708 Total loans $ 49,091 $ 8,524 $ 23,125 $ 80,740 Interest income on nonaccrual loans individually evaluated for impairment is recognized on a cash basis only when Park expects to receive the entire recorded investment in the loans. The following table presents interest income recognized on nonaccrual loans for the years ended December 31, 2023, 2022 and 2021: Interest Income Recognized (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Commercial, financial and agricultural: Commercial, financial and agricultural $ 1,843 $ 438 $ 180 PPP loans — — — Overdrafts — — — Commercial real estate 781 956 1,844 Construction real estate: Commercial 65 32 39 Retail — 13 4 Residential real estate: Commercial 136 88 204 Mortgage 227 157 301 HELOC 20 16 17 Installment 3 3 2 Consumer: Consumer 97 59 106 Check loans Leases — 33 73 Total loans $ 3,172 $ 1,795 $ 2,770 The following tables present the aging of the amortized cost in past due loans at December 31, 2023 and December 31, 2022 by class of loan: December 31, 2023 (In thousands) Accruing Loans Past Due Nonaccrual Loans and Loans Past Due 90 Days or More and Accruing (1) Total Past Due Total Current (2) Total Commercial, financial and agricultural: Commercial, financial and agricultural $ 522 $ 11,629 $ 12,151 $ 1,279,874 $ 1,292,025 PPP loans 9 — 9 2,107 2,116 Overdrafts — — — 1,499 1,499 Commercial real estate 1,656 1,839 3,495 1,872,498 1,875,993 Construction real estate: Commercial — 205 205 209,021 209,226 Retail 554 26 580 95,293 95,873 Residential real estate: Commercial 295 219 514 608,896 609,410 Mortgage 9,831 6,450 16,281 1,223,580 1,239,861 HELOC 788 611 1,399 172,950 174,349 Installment 52 — 52 5,852 5,904 Consumer: Consumer 8,974 1,183 10,157 1,933,712 1,943,869 Check loans 5 — 5 2,062 2,067 Leases — — — 24,029 24,029 Total loans $ 22,686 $ 22,162 $ 44,848 $ 7,431,373 $ 7,476,221 (1) Includes an aggregate of $859,000 of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans. (2) Includes an aggregate of $39.0 million of nonaccrual loans which were current in regards to contractual principal and interest payments. December 31, 2022 (in thousands) Accruing Loans Past Due Nonaccrual Loans and Loans Past Due 90 Days or More and Accruing (1) Total Past Due Total Current (2) Total Commercial, financial and agricultural Commercial, financial and agricultural $ 378 $ 9,246 $ 9,624 $ 1,285,614 $ 1,295,238 PPP loans 155 389 544 3,662 4,206 Overdrafts — — — 1,489 1,489 Commercial real estate 737 4,738 5,475 1,788,579 1,794,054 Construction real estate: Commercial 751 — 751 208,231 208,982 Retail 1,035 523 1,558 114,875 116,433 Residential real estate: Commercial 519 477 996 549,187 550,183 Mortgage 7,630 5,157 12,787 1,062,659 1,075,446 HELOC 832 587 1,419 165,732 167,151 Installment 57 4 61 4,030 4,091 Consumer Consumer 5,499 964 6,463 1,896,368 1,902,831 Check loans 2 — 2 2,148 2,150 Leases — — — 19,637 19,637 Total loans $ 17,595 $ 22,085 $ 39,680 $ 7,102,211 $ 7,141,891 (1) Includes an aggregate of $1.3 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans. (2) Includes an aggregate of $58.9 million of nonaccrual loans which were current in regards to contractual principal and interest payments. Credit Quality Indicators Management utilizes past due information as a credit quality indicator across the loan portfolio. Past due information at December 31, 2023 and December 31, 2022 is included in the previous tables. The past due information is the primary credit quality indicator within the following classes of loans: (1) overdrafts in the commercial, financial and agricultural portfolio segment; (2) retail loans in the construction real estate portfolio segment; (3) mortgage loans, HELOC and installment loans in the residential real estate portfolio segment; and (4) consumer loans and check loans in the consumer portfolio segment. The primary credit indicator for commercial loans is based on an internal grading system that grades all commercial loans on a scale from 1 to 8. Credit grades are continuously monitored by the responsible loan officer and adjustments are made when appropriate. A grade of 1 indicates little or no credit risk and a grade of 8 is considered a loss. Commercial loans that are pass-rated (graded an 1 through a 4) are considered to be of acceptable credit risk. Commercial loans graded a 5 (special mention) are considered to be watch list credits and a higher PD is applied to these loans. Loans classified as special mention have potential weaknesses that require management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of Park’s credit position at some future date. Commercial loans graded a 6 (substandard), also considered watch list credits, are considered to represent higher credit risk and, as a result, a higher PD is applied to these loans. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or the value of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Park will sustain some loss if the deficiencies are not corrected. Commercial loans graded a 7 (doubtful) are shown as nonaccrual and Park generally charges these loans down to their fair value by taking a partial charge-off or recording an individual reserve. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Certain 6-rated loans and all 7-rated loans are placed on nonaccrual status and included within the individually evaluated category. A commercial loan is deemed nonaccrual, and is individually evaluated, when management determines the borrower's ability to perform in accordance with the contractual loan agreement is in doubt. Any commercial loan graded an 8 (loss) is completely charged off. Based on the most recent analysis performed, the risk category of loans by class of loans as of December 31, 2023 and December 31, 2022 are detailed in the tables below. Also included in the table detailing balances at December 31, 2023 are gross charge offs for the year ended December 31, 2023. December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Commercial, financial and agricultural (1) Risk rating Pass $ 204,601 $ 149,386 $ 118,992 $ 93,495 $ 38,205 $ 45,814 $ 600,301 $ 1,250,794 Special Mention 530 1,549 435 128 252 2 16,260 19,156 Substandard 149 894 1,041 1,133 143 582 7,427 11,369 Doubtful — — 39 1,771 96 7,848 952 10,706 Total $ 205,280 $ 151,829 $ 120,507 $ 96,527 $ 38,696 $ 54,246 $ 624,940 $ 1,292,025 Current period gross charge-offs $ — $ 13 $ 73 $ — $ 5 $ 52 $ 19 $ 162 Commercial, financial and agricultural: PPP Risk rating Pass $ — $ — $ 925 $ 1,191 $ — $ — $ — $ 2,116 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ 925 $ 1,191 $ — $ — $ — $ 2,116 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate (1) Risk rating Pass $ 278,922 $ 322,096 $ 334,452 $ 318,473 $ 204,740 $ 347,389 $ 17,174 $ 1,823,246 Special Mention 2,092 2,951 4,637 7,629 — 13,043 98 30,450 Substandard 1,828 1,589 2,509 2,668 3,406 7,495 1,584 21,079 Doubtful 889 — — — — 329 — 1,218 Total $ 283,731 $ 326,636 $ 341,598 $ 328,770 $ 208,146 $ 368,256 $ 18,856 $ 1,875,993 Current period gross charge-offs $ 224 $ — $ — $ — $ — $ 530 $ — $ 754 Construction real estate: Commercial Risk rating Pass $ 89,283 $ 77,988 $ 7,480 $ 18,195 $ 1,090 $ 2,718 $ 11,342 $ 208,096 Special Mention — — — — — — — — Substandard 831 236 63 — — — — 1,130 Doubtful — — — — — — — — Total $ 90,114 $ 78,224 $ 7,543 $ 18,195 $ 1,090 $ 2,718 $ 11,342 $ 209,226 Current period gross charge-offs $ 546 $ — $ — $ — $ — $ — $ — $ 546 December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Residential Real Estate: Commercial Risk rating Pass $ 128,589 $ 104,008 $ 105,225 $ 117,442 $ 49,797 $ 71,489 $ 23,535 $ 600,085 Special Mention — 333 623 1,964 914 1,578 — 5,412 Substandard 195 560 159 1,192 16 1,601 190 3,913 Doubtful — — — — — — — — Total $ 128,784 $ 104,901 $ 106,007 $ 120,598 $ 50,727 $ 74,668 $ 23,725 $ 609,410 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Leases Risk rating Pass $ 11,440 $ 4,404 $ 2,197 $ 1,941 $ 356 $ 623 $ — $ 20,961 Special Mention 731 1,564 391 297 10 2 — 2,995 Substandard — — — — 67 6 — 73 Doubtful — — — — — — — — Total $ 12,171 $ 5,968 $ 2,588 $ 2,238 $ 433 $ 631 $ — $ 24,029 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total Commercial Loans Risk rating Pass $ 712,835 $ 657,882 $ 569,271 $ 550,737 $ 294,188 $ 468,033 $ 652,352 $ 3,905,298 Special Mention 3,353 6,397 6,086 10,018 1,176 14,625 16,358 58,013 Substandard 3,003 3,279 3,772 4,993 3,632 9,684 9,201 37,564 Doubtful 889 — 39 1,771 96 8,177 952 11,924 Total $ 720,080 $ 667,558 $ 579,168 $ 567,519 $ 299,092 $ 500,519 $ 678,863 $ 4,012,799 Current period gross charge-offs $ 770 $ 13 $ 73 $ — $ 5 $ 582 $ 19 $ 1,462 (1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class. December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Commercial, financial and agricultural (1) Risk rating Pass $ 197,497 $ 198,999 $ 142,487 $ 60,845 $ 32,887 $ 47,135 $ 546,237 $ 1,226,087 Special Mention 700 313 918 315 4 35 25,536 27,821 Substandard 1,101 18 2,737 226 1,836 8,424 26,464 40,806 Doubtful — — 3 77 80 172 192 524 Total $ 199,298 $ 199,330 $ 146,145 $ 61,463 $ 34,807 $ 55,766 $ 598,429 $ 1,295,238 Commercial, financial and agricultural: PPP Risk rating Pass $ — $ 1,875 $ 2,331 $ — $ — $ — $ — $ 4,206 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ 1,875 $ 2,331 $ — $ — $ — $ — $ 4,206 December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate (1) Risk rating Pass $ 323,235 $ 374,763 $ 372,653 $ 220,072 $ 107,467 $ 305,539 $ 14,052 $ 1,717,781 Special Mention 199 3,256 3,388 5,863 16,059 22,220 150 51,135 Substandard 7,856 1,427 3,007 3,561 856 5,471 428 22,606 Doubtful — — — — 1,941 591 — 2,532 Total $ 331,290 $ 379,446 $ 379,048 $ 229,496 $ 126,323 $ 333,821 $ 14,630 $ 1,794,054 Construction real estate: Commercial Risk rating Pass $ 107,976 $ 40,534 $ 21,556 $ 2,686 $ 1,428 $ 3,015 $ 29,183 $ 206,378 Special Mention — — 232 — — — — 232 Substandard 652 800 260 — 660 — — 2,372 Doubtful — — — — — — — — Total $ 108,628 $ 41,334 $ 22,048 $ 2,686 $ 2,088 $ 3,015 $ 29,183 $ 208,982 Residential Real Estate: Commercial Risk rating Pass $ 107,086 $ 120,303 $ 147,802 $ 56,980 $ 33,140 $ 63,499 $ 15,191 $ 544,001 Special Mention — 92 1,477 440 — 1,625 — 3,634 Substandard 610 449 264 29 304 553 339 2,548 Doubtful — — — — — — — — Total $ 107,696 $ 120,844 $ 149,543 $ 57,449 $ 33,444 $ 65,677 $ 15,530 $ 550,183 Leases Risk rating Pass $ 7,629 $ 3,310 $ 3,347 $ 1,167 $ 981 $ 605 $ — $ 17,039 Special Mention 1,085 614 130 60 — — — 1,889 Substandard — — 464 111 12 26 — 613 Doubtful — — — 96 — — — 96 Total $ 8,714 $ 3,924 $ 3,941 $ 1,434 $ 993 $ 631 $ — $ 19,637 Total Commercial Loans Risk rating Pass $ 743,423 $ 739,784 $ 690,176 $ 341,750 $ 175,903 $ 419,793 $ 604,663 $ 3,715,492 Special Mention 1,984 4,275 6,145 6,678 16,063 23,880 25,686 84,711 Substandard 10,219 2,694 6,732 3,927 3,668 14,474 27,231 68,945 Doubtful — — 3 173 2,021 763 192 3,152 Total $ 755,626 $ 746,753 $ 703,056 $ 352,528 $ 197,655 $ 458,910 $ 657,772 $ 3,872,300 (1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class. Park considers the performance of the loan portfolio and its impact on the allowance for credit losses. For residential and consumer loan classes, Park also evaluates credit quality based on the aging status of the loan, which was previously presented, and by performing status. The following tables present the amortized cost in residential and consumer loans based on performing status. Also included in the table detailing loan balances at December 31, 2023 are gross charge offs for the year ended December 31, 2023. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still accruing. December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Overdrafts Performing $ 1,499 $ — $ — $ — $ — $ — $ — $ 1,499 Nonperforming — — — — — — — — Total $ 1,499 $ — $ — $ — $ — $ — $ — $ 1,499 Current period gross charge-offs $ 1,064 $ — $ — $ — $ — $ — $ — $ 1,064 Construction Real Estate: Retail Performing $ 52,904 $ 24,219 $ 7,709 $ 4,251 $ 3,604 $ 2,891 $ 269 $ 95,847 Nonperforming — — — 26 — — — 26 Total $ 52,904 $ 24,219 $ 7,709 $ 4,277 $ 3,604 $ 2,891 $ 269 $ 95,873 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential Real Estate: Mortgage Performing $ 209,315 $ 259,076 $ 218,417 $ 177,518 $ 80,627 $ 282,916 $ — $ 1,227,869 Nonperforming 197 1,144 1,172 406 581 8,492 — 11,992 Total $ 209,512 $ 260,220 $ 219,589 $ 177,924 $ 81,208 $ 291,408 $ — $ 1,239,861 Current period gross charge-offs $ — $ — $ — $ — $ — $ 35 $ — $ 35 Residential Real Estate: HELOC Performing $ 99 $ 205 $ 379 $ 98 $ 221 $ 1,838 $ 170,694 $ 173,534 Nonperforming — — — — 32 603 180 815 Total $ 99 $ 205 $ 379 $ 98 $ 253 $ 2,441 $ 170,874 $ 174,349 Current period gross charge-offs $ — $ — $ — $ — $ — $ 9 $ — $ 9 Residential Real Estate: Installment Performing $ 2,225 $ 162 $ — $ 3 $ 144 $ 3,354 $ — $ 5,888 Nonperforming — — — — — 16 — 16 Total $ 2,225 $ 162 $ — $ 3 $ 144 $ 3,370 $ — $ 5,904 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer: Consumer Performing $ 627,985 $ 613,019 $ 319,161 $ 214,714 $ 81,446 $ 65,955 $ 18,605 $ 1,940,885 Nonperforming 395 891 654 435 216 389 4 2,984 Total $ 628,380 $ 613,910 $ 319,815 $ 215,149 $ 81,662 $ 66,344 $ 18,609 $ 1,943,869 Current period gross charge-offs $ 560 $ 3,517 $ 2,371 $ 763 $ 545 $ 480 $ 6 $ 8,242 Consumer: Check loans Performing $ — $ — $ — $ — $ — $ — $ 2,067 $ 2,067 Nonperforming — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 2,067 $ 2,067 Current period gross charge-offs — — — — — — 51 51 Total Consumer Loans Performing $ 894,027 $ 896,681 $ 545,666 $ 396,584 $ 166,042 $ 356,954 $ 191,635 $ 3,447,589 Nonperforming 592 2,035 1,826 867 829 9,500 184 15,833 Total $ 894,619 $ 898,716 $ 547,492 $ 397,451 $ 166,871 $ 366,454 $ 191,819 $ 3,463,422 Current period gross charge-offs $ 1,624 $ 3,517 $ 2,371 $ 763 $ 545 $ 524 $ 57 $ 9,401 December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Overdrafts Performing $ 1,489 $ — $ — $ — $ — $ — $ — $ 1,489 Nonperforming — — — — — — — — Total $ 1,489 $ — $ — $ — $ — $ — $ — $ 1,489 Construction Real Estate: Retail Performing $ 71,923 $ 26,134 $ 8,218 $ 4,619 $ 1,618 $ 2,580 $ 75 $ 115,167 Nonperforming 731 — 523 — — 12 — 1,266 Total $ 72,654 $ 26,134 $ 8,741 $ 4,619 $ 1,618 $ 2,592 $ 75 $ 116,433 Residential Real Estate: Mortgage Performing $ 207,093 $ 227,131 $ 192,904 $ 90,014 $ 55,648 $ 286,464 $ — $ 1,059,254 Nonperforming — — 700 650 518 14,324 — 16,192 Total $ 207,093 $ 227,131 $ 193,604 $ 90,664 $ 56,166 $ 300,788 $ — $ 1,075,446 Residential Real Estate: HELOC Performing $ 140 $ 299 $ 23 $ 130 $ 141 $ 1,957 $ 163,134 $ 165,824 Nonperforming — — 43 100 — 999 185 1,327 Total $ 140 $ 299 $ 66 $ 230 $ 141 $ 2,956 $ 163,319 $ 167,151 Residential Real Estate: Installment Performing $ 187 $ — $ 1 $ 241 $ 62 $ 2,512 $ — $ 3,003 Nonperforming — — 7 2 16 1,063 — 1,088 Total $ 187 $ — $ 8 $ 243 $ 78 $ 3,575 $ — $ 4,091 Consumer: Consumer Performing $ 823,484 $ 462,014 $ 333,391 $ 150,348 $ 61,219 $ 65,614 $ 4,366 $ 1,900,436 Nonperforming 440 489 424 365 157 520 — 2,395 Total $ 823,924 $ 462,503 $ 333,815 $ 150,713 $ 61,376 $ 66,134 $ 4,366 $ 1,902,831 Consumer: Check loans Performing $ — $ — $ — $ — $ — $ — $ 2,150 $ 2,150 Nonperforming — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 2,150 $ 2,150 Total Consumer Loans Performing $ 1,104,316 $ 715,578 $ 534,537 $ 245,352 $ 118,688 $ 359,127 $ 169,725 $ 3,247,323 Nonperforming 1,171 489 1,697 1,117 691 16,918 185 22,268 Total $ 1,105,487 $ 716,067 $ 536,234 $ 246,469 $ 119,379 $ 376,045 $ 169,910 $ 3,269,591 Loans and Leases Acquired with Deteriorated Credit Quality PCD loans are individually evaluated on a quarterly basis to determine if a reserve is necessary. At each of December 31, 2023 and December 31, 2022, there was no allowance for credit losses on PCD loans. The carrying amount of accruing loans acquired with deteriorated credit quality at December 31, 2023 and December 31, 2022 was $2.8 million and $4.7 million, respectively. The carrying amount of nonaccrual loans acquired with deteriorated credit quality was $534,000 at December 31, 2023. There were no nonaccrual loans acquired with deteriorated quality at December 31, 2022. Modifications to Borrowers Experiencing Financial Difficulty Management identifies loans as modifications to borrowers experiencing financial difficulty when a borrower is experiencing financial difficulties and Park has altered the cash flow of the loan as part of a modification or in the loan renewal process. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of the borrower's debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. Park modifies loans to borrowers experiencing financial difficulty by providing principal forgiveness, a term extension, an other-than-insignificant payment delay or an interest rate reduction. In some cases, Park provides multiple types of modifications on one loan. Typically, one type of modification, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification, such as principal forgiveness, may be granted. For the loans included in the combination columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate reduction. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. As a result, the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses and a change to the allowance for credit losses is generally not recorded upon modification. When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses. The following table presents the amortized cost basis of loans at December 31, 2023 that were both experiencing financial difficulty and modified during the year ended December 31, 2023 by class of and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented below. Year ended December 31, 2023 (Dollars in thousands) Principal Forgiveness Payment Delay Term Extension Interest Rate Reduction Combination Term Extension and Interest Rate Reduction Other Total Percent of Total Class of Financing Receivable Commercial, financial and agricultural: Commercial, financial and agricultural $ — $ — $ 11,866 $ 371 $ 363 $ 9 $ 12,609 0.98 % PPP loans — — — — — — — — % Overdrafts — — — — — — — — % Commercial real estate — — 2,458 — — — 2,458 0.13 % Construction real estate: Commercial — — 831 — — — 831 0.40 % Retail — — — — — — — — % Residential real estate: Commercial — — 10 — 144 — 154 0.03 % Mortgage — — — — 428 — 428 0.03 % HELOC — — — — — — — — % Installment — — 448 — 299 — 747 12.65 % Consumer: Consumer — — — 32 — — 32 — % Check loans — — — — — — — — % Leases — — — — — — — — % Total $ — $ — $ 15,613 $ 403 $ 1,234 $ 9 $ 17,259 0.23 % Park has committed to lend additional amounts totaling $4.7 million to the borrowers included in the previous table as of December 31, 2023. The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the year ended December 31, 2023: Year ended December 31, 2023 (Dollars in thousands) Weighted Average Interest Rate Reduction Weighted Average Term Extension (years) Commercial, financial and agricultural: Commercial, financial and agricultural (1.64) % 0.8 PPP loans — % 0.0 Overdrafts — % 0.0 Commercial real estate — % 4.1 Construction real estate: Commercial — % 1.6 Retail — % 0.0 Residential real estate: Commercial (2.75) % 1.4 Mortgage (2.34) % 0.5 HELOC — % 0.0 Installment (1.00) % 12.1 Consumer: Consumer (2.52) % 0.0 Check loans — % 0.0 Leases — % 0.0 Total (1.82) % 1.8 Park closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of Park's modification efforts. The following table presents the performance of such loans that have been modified in the last 12 months: Year ended December 31, 2023 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Commercial, financial and agricultural: Commercial, financial and agricultural $ — $ — $ — $ — PPP loans — — — — Overdrafts — — — — Commercial real estate 219 — — 219 Construction real estate: — Commercial — 205 — 205 Retail — — — — Residential real estate: — Commercial — — — — Mortgage — — — — HELOC — — — — Installment 20 — — 20 Consumer: — Consumer — — — — Check loans — — — — Leases — — — — Total loans $ 239 $ 205 $ — $ 444 The following table presents the amortized cost basis of loans that had a payment default during the year ended December 31, 2023 and were modified in the year prior to that default to borrowers experiencing financial difficulty. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms: Year ended December 31, 2023 (In thousands) Term Extension Interest Rate Reduction Combination Term Extension and Interest Rate Reduction Other Commercial, financial and agricultural: Commercial, financial and agricultural $ — $ — $ — $ 9 PPP loans — — — — Overdrafts — — — — Commercial real estate 219 — — — Construction real estate: Commercial 205 — — — Retail — — — — Residential real estate: Commercial — — 144 — Mortgage — — 133 — HELOC — — — — Installment 20 — — — Consumer: Consumer — — — — Check loans — — — — Leases — — — — Total loans $ 444 $ — $ 277 $ 9 Upon the determination that a modified loan (or a portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged-off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amounts. Related Party Loans Certain of the Corporation’s executive officers, directors and related entities of directors are loan customers of PNB. As of December 31, 2023 and 2022, credit exposure aggregating approximately $34.7 million and $37.3 million, respectively, was outstanding to such parties. Of this total exposure, approximately $28.0 million and $28.4 million was outstanding at December 31, 2023 and 2022, respectively, with the remaining balance representing available credit. During 2023, new loans and advances on existing loans were made to these executive officers, directors and related entities of directors totaling $0.4 million and $3.8 million, respectively. These extensions of credit were offset by aggregate principal payments of $4.6 million. During 2022, new loans and advances on existing loans were $6.1 million and $1.2 million, respectively. These extensions of credit were offset by aggregate principal payments of $6.0 million. |
Allowance for Loan Losses
Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2023 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] | |
Allowance for Credit Losses [Text Block] | Allowance for Credit Losses The ACL is an estimate of the expected credit losses on financial assets measured at amortized cost, which is measured using relevant information about past events, including historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. A provision for credit losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors as discussed within Note 1-Summary of Significant Accounting Policies. During the first quarter of 2023, Park adopted ASU 2022-02. This standard was adopted using a modified retrospective transition method on January 1, 2023, resulting in a $383,000 increase to the ACL. A cumulative effect adjustment resulting in a $303,000 decrease to retained earnings and an $80,000 increase to deferred tax assets was also recorded as a result of the adoption of ASU 2022-02. Quantitative Considerations The ACL is primarily calculated utilizing a DCF model. Key inputs and assumptions used in this model are discussed below: • Forecast model - For each portfolio segment, a LDA was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilized Park's own FFIEC Call Report data for the commercial, financial and agricultural and residential real estate portfolio segments. Peer data was incorporated into the analysis for the commercial real estate, construction real estate, and consumer portfolio segments. Park updated the LDA in the fourth quarter of 2023. Per review of the correlation of data and subsequent results, management refined the peer group in the LDA and maintained the exclusion of periods impacted by COVID-19. Management reviewed and considered the impact of the inclusion of periods impacted by COVID-19 as part of the LDA update, but the correlation of the inclusion of COVID-19 periods was lower. • Probability of default – PD is the probability that an asset will be in default within a given time frame. Park has defined default to be when a charge-off has occurred, a loan is placed on nonaccrual, or a loan is greater than 90 days past due. Whenever possible, Park utilizes its own loan-level PDs for the reasonable and supportable forecast period. When loan-level data is not available reflecting the forecasted economic conditions, the LDA is utilized to estimate PDs. In all cases, the LDA is then utilized to determine the long-term historical average, which is reached over the reversion period. • Loss given default – LGD is the percentage of the asset not expected to be collected due to default. Whenever possible, Park utilizes its own loan-level LGDs for the reasonable and supportable forecast period. When it is not possible to use Park's own LGDs, the LGD is derived using a method referred to as Frye Jacobs. In all cases, the Frye Jacobs method is utilized to calculate LGDs during the reversion period and long-term historical average. • Prepayments and curtailments – Prepayments and curtailments are calculated based on Park’s own data utilizing a three-year average. This analysis is updated annually in the fourth quarter and was last updated in the fourth quarter of 2023. • Forecast and reversion – Park has established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average. • Economic forecast - Park utilizes a third party to provide economic forecasts under various scenarios, which are weighted in order to reflect model risk in the current economic environment. The scenario weighting is evaluated by management on a quarterly basis. ◦ A s of December 31, 2022, the "most likely" scenario forecasted Ohio unemployment between 4.14% and 4.36% during the next four quarters. In determining the appropriate weighting of scenarios at December 31, 2022, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued high levels of inflation, historically low consumer confidence, rising interest rates, geopolitical conflict (including the conflict between Russia and Ukraine), and workforce and supply chain challenges continued to cause uncertainty to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at December 31, 20 22. ◦ As of December 31, 2023, the "most likely" scenario forecasted Ohio unemployment between 4.05% and 4.66% during the next four quarters. In determining the appropriate weighting of scenarios at December 31, 2023, management considered the range of forecasted unemployment as well as a number of economic indicators. The continued elevated levels of inflation, volatile levels of consumer confidence, continued elevated interest rates, financial system stress and geopolitical conflict (including the conflicts between Russia and Ukraine and between Israel and Hamas) and stress in the commercial real estate sector, continued to cause uncertainty as to the overall economic environment. Considering these factors, management determined it was appropriate to maintain the existing weighting, and weigh the "most likely" scenario 50% and the "moderate recession" scenario 50% at December 31, 2023. Changes in forecasts, updates to the LDA model and prepayment and curtailment assumptions, as well as changes in the loan mix, resulted in an 11 basis point decrease in the weighted quantitative allowance from December 31, 2022. Qualitative Considerations Park reviews various internal and external factors to consider the need for any qualitative adjustments to the quantitative model. Factors considered include the following : • The nature and volume of Park’s financial assets; the existence, growth, and effect of any concentrations of credit and the volume and severity of past due financial assets, the volume of nonaccrual assets, and the volume and severity of adversely classified or graded assets. Specifically, management considers: ◦ Trends (e.g., growth, reduction) in specific categories of the loan portfolio, as well as adjustments to the types of loans offered by Park. ◦ Level of and trend in loan delinquencies, troubled loans, commercial watch list loans and nonperforming loans. ◦ Level of and trend in new nonaccrual loans. ◦ Level of and trend in loan charge-offs and recoveries. • Park's lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, charge-offs, and recoveries. • The quality of Park’s credit review function. • The experience, ability, and depth of Park’s lending, investment, collection, and other relevant management and staff. • The effect of other external factors such as the regulatory, legal and technological environments; competition; geopolitical conflict; and events such as natural disasters or pandemics. • Actual and expected changes in international, national, regional, and local economic and business conditions and developments in the markets in which Park operates that affect the collectability of financial assets. • Where the U.S. economy is within a given credit cycle. • The extent that there is government assistance (stimulus). Qualitative adjustments amounted to $417,000 and $384,000 at December 31, 2023 and December 31, 2022, respectively. Other Considerations At December 31, 2023 and 2022, Park had $2.1 million and $4.2 million, respectively, of PPP loans which were included in the commercial, financial and agricultural portfolio segment. These loans are guaranteed by the SBA and thus have not been reserved for using the same methodology as the rest of Park’s loan portfolio. A 10 basis point reserve was calculated for these loans to reflect minimal credit risk at December 31, 2023 and December 31, 2022. ACL Activity The activity in the allowance for credit losses for the years ended December 31, 2023, 2022, and 2021 is summarized in the following tables. 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 Year ended December 31, 2021 (In thousands) Commercial, financial and agricultural Commercial real estate Construction real estate Residential real estate Consumer Leases Total Allowance for credit losses: Beginning balance $ 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 957 35 — 49 4,052 — 5,093 Recoveries (639) (802) (2,299) (941) (3,759) (1) (8,441) Net charge-offs (recoveries) 318 (767) (2,299) (892) 293 (1) (3,348) Recovery of credit losses (3,008) (900) (1,931) (3,952) (1,764) (361) (11,916) Ending balance $ 14,025 $ 25,466 $ 5,758 $ 11,424 $ 26,286 $ 238 $ 83,197 ACL Summary Loans collectively evaluated for impairment in the following tables include all performing loans at December 31, 2023 and December 31, 2022, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the ACL. Loans individually evaluated for impairment include all internally classified commercial nonaccrual loans at December 31, 2023 and all loans internally classified as commercial nonaccrual loans and TDRs at December 31, 2022, which are evaluated for impairment in accordance with U.S. GAAP (See Note 1-Significant Accounting Policies). The composition of the ACL at December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 (In thousands) Commercial, Commercial Construction Residential Consumer Leases Total ACL: Ending allowance balance attributed to loans: Individually evaluated for impairment $ 4,980 $ 3 $ — $ — $ — $ — $ 4,983 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: Loans individually evaluated for impairment $ 21,228 $ 20,740 $ 504 $ 2,670 $ — $ 73 $ 45,215 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: Loans individually evaluated for impairment 23.46 % 0.01 % — % — % — % — % 11.02 % 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 % December 31, 2022 (In thousands) Commercial, Commercial Construction Residential 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 Accruing 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 Accruing 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 % Accruing loans acquired with deteriorated credit quality — % — % — % — % — % — % — % Total 1.31 % 0.99 % 1.71 % 0.94 % 1.47 % 0.82 % 1.20 % |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 12 Months Ended |
Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangibles | Goodwill and Other Intangible Assets The following table shows the activity in goodwill and other intangible assets for the years ended December 31, 2023, 2022 and 2021. (In thousands) Goodwill Other Total January 1, 2021 $ 159,595 $ 9,260 $ 168,855 Amortization — 1,798 1,798 December 31, 2021 $ 159,595 $ 7,462 $ 167,057 Amortization — 1,487 1,487 December 31, 2022 $ 159,595 $ 5,975 $ 165,570 Amortization — 1,323 1,323 December 31, 2023 $ 159,595 $ 4,652 $ 164,247 Goodwill Goodwill impairment exists when a reporting unit's carrying value exceeds its fair value. Park evaluates goodwill for impairment on April 1 of each year, with financial data as of March 31. At April 1, 2023, the Company's reporting unit, PNB, had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment. Acquired Intangible Assets The following table shows the balance of acquired intangible assets as of December 31, 2023 and 2022. 2023 2022 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Other intangible assets: Core deposit intangibles $ 14,456 $ 9,804 $ 14,456 $ 8,481 Core deposit intangibles are being amortized, on an accelerated basis, over a period of ten years. Amortization expense for the core deposit intangibles was $1.3 million, $1.5 million and $1.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following is a schedule of estimated core deposit intangibles amortization expense for each of the next five years: (In thousands) Total 2024 $ 1,215 2025 1,042 2026 887 2027 754 2028 618 |
Mortgage Loans Held for Sale
Mortgage Loans Held for Sale | 12 Months Ended |
Dec. 31, 2022 | |
Loans Held for Sale [Abstract] | |
Loans Held For Sale Disclosure [Text Block] | . Loans Held for Sale Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale were $3.2 million and $2.1 million at December 31, 2023 and 2022, respectively. These amounts are included in "Loans" on the Consolidated Balance Sheets and in the residential real estate loan segments in Note 5 - Loans and Note 6 - Allowance for Credit Losses. The contractual balance was $3.2 million and $2.1 million at December 31, 2023 and 2022, respectively. The gain expected upon sale was $53,000 and $41,000 at December 31, 2023 and 2022, respectively. None of these loans were 90 days or more past due or on nonaccrual status at December 31, 2023 or 2022. During 2022, Park transferred certain commercial loans held for investment, previously nonperforming, with an amortized cost of $6.3 million, to the loans held for sale portfolio. The transferred loans were recorded at the lower of cost or fair value, recording a charge-off in each instance where the fair value of an individual loan was deemed to be below the carrying cost at the time the loans were moved to the held for sale portfolio. The sale of $3.9 million in loans held for sale was subsequently completed and Park recognized a gain on sale of $495,000 which is recorded within "Miscellaneous income" on the Consolidated Statements of Income. The remaining $2.4 million in loans held for sale were transferred back to loans held for investment at the lower of cost or fair value. No non-performing loans were held for sale or sold during 2023 or 2021. |
Foreclosed and Repossessed Asse
Foreclosed and Repossessed Assets | 12 Months Ended |
Dec. 31, 2023 | |
Other Assets [Abstract] | |
Real Estate Owned [Text Block] | Foreclosed and Repossessed Assets Park typically transfers a loan to OREO at the time that Park takes deed/title to the real estate property asset. The carrying amount of foreclosed real estate properties held at December 31, 2023 and December 31, 2022 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates. (In thousands) December 31, 2023 December 31, 2022 OREO: Commercial real estate $ 983 $ 1,354 Residential real estate — — Total OREO $ 983 $ 1,354 Loans in process of foreclosure: Residential real estate $ 1,957 $ 1,614 Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value, less costs to sell, when acquired. During the year ended December 31, 2022, Park recognized a $12.0 million OREO valuation markup related to the foreclosure and subsequent sale of a property collateralizing a former Vision Bank relationship. This income is included in "OREO valuation markup" on the Consolidated Statements of Income. There was no OREO valuation markup related to former Vision Bank relationships during the year ended December 31, 2023. During the year ended December 31, 2022, Park recognized a $5.6 million gain on the sale of OREO related to former Vision Bank relationships. This income is included in "(Loss) gain on the sale of OREO, net" on the Consolidated Statements of Income. There was no gain or loss on the sale of OREO related to former Vision Bank relationships during the year ended December 31, 2023. |
Premises and Equipment
Premises and Equipment | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | Premises and Equipment The major categories of premises and equipment and accumulated depreciation are summarized as follows: December 31 (In thousands) 2023 2022 Land $ 22,176 $ 22,139 Buildings 98,472 97,510 Equipment, furniture and fixtures 79,662 77,446 Leasehold improvements 5,684 3,575 Software 29,518 28,665 Total $ 235,512 $ 229,335 Less accumulated depreciation (161,301) (147,209) Premises and equipment, net $ 74,211 $ 82,126 Depreciation expense amounted to $14.0 million, $13.8 million and $13.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Park records operating lease assets where Park acts as the lessor within "Other assets" on the Consolidated Balance Sheets. Equipment subject to lease agreements at December 31, 2023 and 2022 is summarized below: December 31 (In thousands) 2023 2022 Equipment $ 4,691 $ 4,427 Less accumulated depreciation (2,385) (3,162) Leased assets, net $ 2,306 $ 1,265 Depreciation expense on operating lease assets of $693,000, $1.1 million, and $1.5 million was recorded for the years ended December 31, 2023, 2022 and 2021, respectively. |
Investments in Qualified Afford
Investments in Qualified Affordable Housing | 12 Months Ended |
Dec. 31, 2023 | |
Investments in Affordable Housing Projects [Abstract] | |
Affordable Housing Program | Investments in Qualified Affordable Housing Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purposes of these investments are to achieve a satisfactory return on capital, help create affordable housing opportunities, and assist the Company to achieve its goals associated with the Community Reinvestment Act. As permitted by ASU 2014-01, Accounting for Investments in Qualified Affordable Housing Projects , Park has elected the proportional amortization method of accounting. Under the proportional amortization method, amortization expense and tax benefits are recognized through the provision for income taxes. The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments as of December 31, 2023 and 2022. (In thousands) December 31, 2023 December 31, 2022 Affordable housing tax credit investments $ 62,703 $ 60,968 Unfunded commitments 28,768 28,132 Commitments are funded when capital calls are made by the general partner of a limited partnership. Park expects that the commitments as of December 31, 2023 will be funded between 2024 and 2033. During the years ended December 31, 2023, 2022 and 2021, Park recognized amortization expense of $8.3 million, $7.7 million and $7.3 million, respectively, which was included within the provision for income taxes. For the years ended December 31, 2023, 2022 and 2021, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $9.8 million, $9.3 million and $8.8 million, respectively. |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2023 | |
Deposits [Abstract] | |
Deposits | Deposits At December 31, 2023 and 2022, non-interest bearing and interest bearing deposits were as follows: December 31 (In thousands) 2023 2022 Non-interest bearing $ 2,628,234 $ 3,074,276 Interest bearing 5,414,332 5,160,439 Total $ 8,042,566 $ 8,234,715 The table below details the maturities of time deposits at December 31, 2023. Time deposits below include $165.0 million of brokered deposits. (In thousands) 2024 $ 659,791 2025 91,375 2026 24,776 2027 20,828 2028 9,828 After 5 years 2 Total $ 806,600 At December 31, 2023 and 2022, respectively, Park had approximately $13.7 million and $17.5 million of deposits received from Park's executive officers, Park directors and related entities of Park directors. Time deposits that met or exceeded the FDIC insurance limit of $250,000 at December 31, 2023 and 2022 were $132.8 million and $44.3 million, respectively. |
Repurchase Agreement Borrowings
Repurchase Agreement Borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Transfers of Financial Assets Accounted for as Secured Borrowings [Abstract] | |
Securities Sold Under Agreements to Repurchase | Repurchase Agreement Borrowings Securities sold under agreements to repurchase ("repurchase agreements") with customers represent funds deposited by customers, generally on an overnight basis, that are collateralized by investment securities owned by Park. Repurchase agreements with customers are included in "Short-term borrowings" on the Consolidated Balance Sheets. All repurchase agreements are subject to the terms and conditions of repurchase/security agreements between Park and the customer and are accounted for as secured borrowings. Park's repurchase agreements consisted of customer accounts and securities which are pledged on an individual security basis. At December 31, 2023 and December 31, 2022, Park's repurchase agreement borrowings totaled $108.2 million and $227.3 million, respectively. These borrowings were collateralized with U.S. government sponsored entities' asset-backed securities with a fair value of $180.8 million and $313.1 million at December 31, 2023 and December 31, 2022, respectively. Declines in the value of the collateral would require Park to pledge additional securities. As of December 31, 2023 and December 31, 2022, Park had $847 million and $1,147 million, respectively, of available unpledged securities. The following table presents the carrying value of Park's repurchase agreement borrowings by remaining contractual maturity and collateral pledged at December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30 - 90 days Greater than 90 days Total U.S. government sponsored entities' asset-backed securities $ 108,182 $ — $ — $ — $ 108,182 December 31, 2022 (In thousands) Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30 - 90 days Greater than 90 days Total U.S. government sponsored entities' asset-backed securities $ 227,342 $ — $ — $ — $ 227,342 |
Short Term Borrowings
Short Term Borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Short-Term Debt [Abstract] | |
Short-Term Borrowings | Short-Term Borrowings Short-term borrowings were as follows: December 31 (In thousands) 2023 2022 Securities sold under agreements to repurchase $ 108,182 $ 227,342 FHLB advances 220,000 — Total short-term borrowings $ 328,182 $ 227,342 The outstanding balances for all short-term borrowings as of December 31, 2023 and 2022 and the weighted-average interest rates as of and paid during each of the years then ended were as follows: (In thousands) Repurchase agreements FHLB Advances 2023 Ending balance $ 108,182 $ 220,000 Highest month-end balance 218,126 247,000 Average daily balance 146,388 36,634 Weighted-average interest rate: As of year-end 1.88 % 5.44 % Paid during the year 1.76 % 5.83 % 2022 Ending balance $ 227,342 $ — Highest month-end balance 227,342 25,000 Average daily balance 199,813 7,195 Weighted-average interest rate: As of year-end 1.39 % N.A. Paid during the year (1) 0.57 % 0.04 % (1) Interest rate swaps with notional amounts of zero at December 31, 2022 (the swap was paid off during 2022) were designated as cash flow hedges of certain FHLB advances. Including interest expense related to the swaps, the weighted average interest rate paid during the year ended December 31, 2022 on FHLB advances was 3.62%. During 2022 and 2023, outstanding FHLB advances were collateralized by investment securities owned by PNB and by various loans pledged under a blanket agreement by PNB. At December 31, 2023 and December 31, 2022, $5.2 million and $6.8 million, respectively, of investment securities were pledged as collateral for FHLB advances. At December 31, 2023 and December 31, 2022, $1,959 million and $1,832 million, respectively, of commercial real estate and residential mortgage loans were pledged under a blanket agreement to the FHLB by PNB. See Note 15 - Repurchase Agreement Borrowings for information related to investment securities collateralizing repurchase agreements. |
Long-Term Debt
Long-Term Debt | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | Long-Term Debt Park did not have long-term borrowings at either December 31, 2023 or December 31, 2022. On June 20, 2019, Park issued a $50 million term note to U.S. Bank National Association. This term note had a maturity date of June 21, 2022 and accrued interest at a floating rate of one-month LIBOR plus 1.65%. On August 2, 2021, Park prepaid the outstanding balance of $27.5 million of the term note to U.S. Bank National Association. |
Subordinated Notes
Subordinated Notes | 12 Months Ended |
Dec. 31, 2023 | |
Long-Term Debt, Unclassified [Abstract] | |
Subordinated Debentures/Notes | Subordinated Notes As part of the acquisition of Vision's parent bank holding company ("Vision Parent") on March 9, 2007, Park became the successor to Vision Parent under (i) the Amended and Restated Trust Agreement of Vision Bancshares Trust I (the “Trust”), dated as of December 5, 2005, (ii) the Junior Subordinated Indenture, dated as of December 5, 2005, and (iii) the Guarantee Agreement, also dated as of December 5, 2005. On December 1, 2005, Vision Parent formed a wholly-owned Delaware statutory business trust, Vision Bancshares Trust I (“Trust I”), which issued $15.0 million of Trust I's floating rate preferred securities (the “Trust Preferred Securities”) to institutional investors. These Trust Preferred Securities qualify as Tier I capital under FRB guidelines. All of the common securities of Trust I are owned by Park. The proceeds from the issuance of the common securities and the Trust Preferred Securities were used by Trust I to purchase $15.5 million of junior subordinated notes, which, following the cessation of LIBOR on June 30, 2023, carry a floating rate based on three-month CME Term SOFR plus 174 basis points. The junior subordinated notes represent the sole asset of Trust I. The Trust Preferred Securities accrue and pay distributions at a floating rate of three-month CME Term SOFR plus 174 basis points per annum. The Trust Preferred Securities are mandatorily redeemable upon maturity of the junior subordinated notes in December 2035, or upon earlier redemption as provided in the junior subordinated notes. Since December 30, 2010, Park has had the right to redeem the junior subordinated notes purchased by Trust I in whole or in part. As specified in the indenture, if the junior subordinated notes are redeemed prior to maturity, the redemption price will be the principal amount, plus any unpaid accrued interest. In accordance with U.S. GAAP, Trust I is not consolidated with Park’s financial statements, but rather the subordinated notes are reflected as a liability. On August 20, 2020, Park completed the issuance and sale of $175 million aggregate principal amount of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Subordinated Notes"). The Subordinated Notes initially bear a fixed interest rate of 4.50% per year, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2021. Commencing on September 1, 2025, the Subordinated Notes will bear interest at a floating rate per annum equal to the Benchmark rate, which is expected to be Three-Month Term SOFR, plus a spread of 439 basis points for each quarterly interest period during the floating rate period, payable quarterly in arrears; provided, however, that if the Benchmark rate is less than zero, then the Benchmark rate will be deemed to be zero. The Company may, at its option, beginning with the interest payment date of September 1, 2025 and on any interest payment date thereafter, redeem the Subordinated Notes, in whole or in part, from time to time, subject to obtaining the prior approval of the holders of the Company’s senior indebtedness and of the Federal Reserve Board to the extent the approval of the Federal Reserve Board is then required under the capital adequacy rules of the Federal Reserve Board, at a redemption price equal to 100% of the principal amount of the Subordinated Notes being redeemed, plus accrued and unpaid interest thereon to but excluding the date of redemption. The issuance costs of the Subordinated Notes totaled $2.4 million, which amount is being amortized through the Subordinated Note call date. At December 31, 2023 and 2022, the Subordinated Notes, net of unamortized issuance costs, totaled $174.1 million and $173.7 million, and qualify as Tier 2 capital for Park under the Federal Reserve Board capital adequacy rules. |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities Disclosure | Derivatives Park uses certain derivative financial instruments (or "derivatives") to meet the needs of its customers while managing the interest rate risk associated with certain transactions. Park does not use derivatives for speculative purposes. A summary of derivative financial instruments utilized by Park follows. Interest Rate Swaps Park utilizes interest rate swap agreements (or "interest rate swaps") as part of its asset-liability management strategy to help manage its interest rate risk position and as a means to meet the financing, interest rate and other risk management needs of qualifying commercial banking customers. The notional amount of the interest rate swaps does not represent the amount exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Borrowing Derivatives : At each of December 31, 2023 and 2022 , Park had no borrowing derivatives. Loan Derivatives : In conjunction with the Carolina Alliance acquisition, Park acquired interest rate swaps related to certain commercial loans. Simultaneously with borrowers entering into interest rate swaps, Carolina Alliance entered into offsetting interest rate swaps executed with a third party, such that Carolina Alliance minimized its net interest rate risk exposure resulting from such transactions. These interest rate swaps had a notional amount totaling $18.2 million and $21.7 million at December 31, 2023 and December 31, 2022, respectively. All of the Company's interest rate swaps were determined to be fully effective during the years ended December 31, 2023 and 2022 . As such, no amount of ineffectiveness has been included in net income. Therefore, the aggregate fair value of the swaps is recorded in "Other assets" and "Other liabilities" with changes in fair value recorded in "Other comprehensive income (loss)". The amount included in "Accumulated other comprehensive loss, net of tax" would be reclassified to net income should the hedges no longer be considered effective. During the year ended December 31, 2022, Park recognized expense of $66,000, or $52,000, net of taxes, as the result of the early termination of a borrowing interest rate swap. No expense related to early termination was recognized during the years ended December 31, 2023 and 2021 . Park expects the outstanding hedges to remain fully effective during the remaining respective terms of the swaps. Summary information about Park's interest rate swaps as of December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 December 31, 2022 (In thousands, except weighted average data) Loan Loan Notional amounts $ 18,199 $ 21,700 Weighted average pay rates 4.517 % 4.553 % Weighted average receive rates 4.517 % 4.553 % Weighted average maturity (years) 6.5 7.9 Unrealized losses $ — $ — Interest expense recorded on swap transactions was $171,000 and $614,000 for the years ended December 31, 2022 and 2021, respectively. No interest expense was recorded on swap transactions for the year ended December 31, 2023. Additionally, Park recognized gains of $154,000 and $492,000 , net of income taxes, related to borrowing swaps that was recorded in "Other comprehensive income (loss)" on the Consolidated Statements of Comprehensive Income (Loss) during the years ended December 31, 2022 and 2021, respectively. No gain or loss related to borrowing swaps was recorded during the year ended December 31, 2023. Interest Rate Swaps The following table reflects the interest rate swaps included in the Consolidated Balance Sheets as of December 31, 2023 and 2022: (In thousands) December 31, 2023 December 31, 2022 Notional Amount Fair Value Notional Amount Fair Value Included in "Other assets": Loan derivatives - instruments associated with loans Matched interest rate swaps with borrower $ — $ — $ — $ — Matched interest rate swaps with counterparty 18,199 1,069 21,700 1,508 Total included in "Other assets" $ 18,199 $ 1,069 $ 21,700 $ 1,508 Included in "Other liabilities": Loan derivatives - instruments associated with loans Matched interest rate swaps with borrower $ 18,199 $ (1,069) $ 21,700 $ (1,508) Matched interest rate swaps with counterparty — — — — Total included in "Other liabilities" $ 18,199 $ (1,069) $ 21,700 $ (1,508) Mortgage Banking Derivatives Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. In order to hedge the change in interest rates resulting from its commitments to fund the loans, the Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into. These mortgage banking derivatives are not designated as hedge relationships. The fair value of an interest rate lock is recorded at the time the commitment to fund the mortgage loan is executed and is adjusted for the expected exercise of the commitment before the loan is funded. Fair values of these mortgage banking derivatives are estimated based on changes in mortgage interest rates from the date the interest on the loan is locked. Changes in the fair values of these derivatives are included in "Other service income" in the Consolidated Statements of Income. At December 31, 2023 and December 31, 2022 , Park had $4.0 million and $2.1 million, respectively, of interest rate lock commitments. The fair value of these mortgage banking derivatives was reflected by a derivative asset of $87,000 and $46,000 at December 31, 2023 and December 31, 2022 , respectively. Other Derivatives In connection with the sale of Park’s Class B Visa shares during 2009, Park entered into a swap agreement with the purchaser of the shares. The swap agreement adjusts for dilution in the conversion ratio of Class B Visa shares resulting from certain Visa litigation. At December 31, 2023 and 2022, the fair value of the swap liability of $123,000 and $243,000, respectively, represented an estimate of the exposure based upon probability-weighted potential Visa litigation losses. |
Share Based Compensation
Share Based Compensation | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Stock Option Plan | Share-Based Compensation The Park National Corporation 2017 Long-Term Incentive Plan for Employees (the "2017 Employees LTIP") was adopted by the Board of Directors of Park on January 23, 2017 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 24, 2017. The 2017 Employees LTIP makes equity-based awards and cash-based awards available for grant to employee participants in the form of incentive stock options, nonqualified stock options, SARs, Restricted Stock, Restricted Stock Units, Other Stock-Based Awards and cash-based awards. Under the 2017 Employees LTIP, 750,000 common shares are authorized to be delivered in connection with grants under the 2017 Employees LTIP. The common shares to be delivered under the 2017 Employees LTIP are to consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. At December 31, 2023, 300,000 common shares were available for future grants under the 2017 Employee LTIP. The Park National Corporation 2017 Long-Term Incentive Plan for Non-Employee Directors (the "2017 Non-Employee Directors LTIP") was adopted by the Board of Directors of Park on January 23, 2017 and was approved by Park's shareholders at the Annual Meeting of Shareholders on April 24, 2017. The 2017 Non-Employee Directors LTIP makes equity-based awards and cash-based awards available for grant to non-employee director participants in the form of nonqualified stock options, SARs, Restricted Stock, Restricted Stock Units, Other Stock-Based Awards, and cash-based awards. Under the 2017 Non-Employee Directors LTIP, 150,000 common shares are authorized to be delivered in connection with grants under the 2017 Non-Employee Directors LTIP. The common shares to be delivered under the 2017 Non-Employee Directors LTIP are to consist of either common shares currently held or common shares subsequently acquired by Park as treasury shares, including common shares purchased in the open market or in private transactions. At December 31, 2023, 60,000 common shares were available for future grants under the 2017 Non-Employee Directors LTIP. During 2023, 2022 and 2021, Park granted 13,054, 9,789 and 13,400 common shares, respectively, to directors of Park and to directors of PNB (and its divisions) under the 2017 Non-Employee Directors LTIP. The common shares granted to directors were not subject to a vesting period and resulted in expense of $1.2 million, $1.3 million, and $1.7 million in 2023, 2022, and 2021, respectively, which is included in "Professional fees and services" on the Consolidated Statements of Income. During 2023, 2022 and 2021, the Compensation Committee of the Board of Directors of Park granted awards of PBRSUs, under the 2017 Employees LTIP, covering an aggregate of 54,698, 52,335 and 61,890 common shares, respectively, to certain employees of Park and its subsidiaries. As of December 31, 2023, Park reported 186,936 nonvested PBRSUs. The number of PBRSUs earned or settled will depend on the level of achievement with respect to certain performance criteria and will also be subject to subsequent service-based vesting. A summary of changes in the common shares subject to nonvested PBRSUs for the years ended December 31, 2023 and 2022 follows: Common shares subject to PBRSUs Nonvested at January 1, 2022 211,819 Granted 52,335 Vested (55,464) Forfeited (8,406) Adjustment for performance conditions of PBRSUs (1) (634) Nonvested at January 1, 2023 199,650 Granted 54,698 Vested (62,815) Forfeited (4,597) Adjustment for performance conditions of PBRSUs (1) — Nonvested at December 31, 2023 (2) 186,936 (1) The number of PBRSUs earned depends on the level of achievement with respect to certain performance criteria. Adjustment herein represents the difference between the maximum number of common shares which could be earned and the actual number earned for those PBRSUs as to which the performance period was completed. (2) Nonvested amount herein represents the maximum number of nonvested PBRSUs. As of December 31, 2023, an aggregate of 184,199 PBRSUs are expected to vest. A summary of awards that vested during the twelve months ended December 31, 2023 and 2022 follows: Twelve Months Ended 2023 2022 PBRSU and TBRSU vested 62,815 55,464 Common shares withheld to satisfy employee income tax withholding obligations 23,973 21,219 Net common shares issued 38,842 34,245 Share-based compensation expense of $6.8 million, $5.9 million and $6.3 million was recognized for the years ended December 31, 2023, 2022 and 2021, respectively, related to PBRSU and TBRSU awards to employees. The following table details expected additional share-based compensation expense related to PBRSUs outstanding at December 31, 2023: (In thousands) 2024 $ 4,393 2025 2,885 2026 1,206 2027 194 Total $ 8,678 |
Benefit Plan
Benefit Plan | 12 Months Ended |
Dec. 31, 2023 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |
Benefit Plans | Benefit Plans The Corporation has a noncontributory Defined Benefit Pension Plan (the “Pension Plan”) covering substantially all of the employees of Park National Corporation and its subsidiaries. The Pension Plan provides benefits based on an employee’s years of service and compensation. There was no pension contribution in 2023 or 2022 and no contribution is expected to be made in 2024. Using accrual measurement dates of December 31, 2023 and 2022, plan assets and benefit obligation activity for the Pension Plan are listed below: (In thousands) 2023 2022 Change in fair value of plan assets Fair value at beginning of measurement period $ 209,138 $ 263,473 Actual return on plan assets 34,764 (37,319) Benefits paid (11,008) (17,016) Fair value at end of measurement period $ 232,894 $ 209,138 Change in benefit obligation Projected benefit obligation at beginning of measurement period $ 127,394 $ 182,964 Service cost 6,236 9,749 Interest cost 6,523 5,705 Plan amendments — 558 Actuarial loss (gain) 10,072 (54,566) Benefits paid (11,008) (17,016) Projected benefit obligation at the end of measurement period $ 139,217 $ 127,394 Funded status at end of year (fair value of plan assets less benefit obligation) $ 93,677 $ 81,744 The increase in the projected benefit obligation ("PBO") from $127.4 million as of December 31, 2022 to $139.2 million as of December 31, 2023, was the result of demographic losses driven by salary increases greater than assumed and a decrease in the discount rate from 5.32% to 5.14%, partially offset by assumption updates for a change in the mortality table for lump sum distributions, reflecting updates for the 2023 assumption study, and a decrease in the interest credit rate. The asset allocation for the Pension Plan as of each measurement date, by asset category, was as follows: Percentage of Plan Assets Asset category Target Allocation 2023 2022 Equity securities 50% - 100% 85 % 84 % Fixed income and cash equivalents remaining balance 15 % 16 % Total 100 % 100 % The investment policy, as established by the Retirement Plan Committee, is to invest assets according to the target allocation stated above. Assets will be reallocated periodically based on the investment strategy of the Retirement Plan Committee. The investment policy is reviewed periodically. The expected long-term rate of return on plan assets used to measure the benefit obligation was 6.92% at both December 31, 2023 and December 31, 2022. This return was based on the expected long-term return of each of the asset categories, weighted based on the median of the target allocation for each class. The accumulated benefit obligation for the Pension Plan was $113.4 million and $106.3 million at December 31, 2023 and 2022, respectively. On November 17, 2009, the Park Pension Plan completed the purchase of 115,800 common shares of Park for $7.0 million or $60.45 per share. At December 31, 2023 and 2022, the fair value of the 115,800 common shares held by the Pension Plan was $15.4 million, or $132.86 per share and $16.3 million, or $140.75 per share, respectively. The weighted average assumptions used to determine benefit obligations at December 31, 2023, 2022 and 2021 were as follows: 2023 2022 2021 Discount rate 5.14 % 5.32 % 3.23 % Rate of compensation increase Under age 25 (under age 30 for 2022 and 2021) 7.50 % 8.25 % 8.25 % Ages 25-29 (ages 30-39 for 2022 and 2021) 7.00 % 6.00 % 6.00 % Ages 30-34 (ages 40-49 for 2022 and 2021) 6.75 % 5.00 % 5.00 % Ages 35-39 (ages 50-54 for 2022 and 2021) 6.00 % 4.25 % 4.25 % Ages 40-44 (ages 55-59 for 2022 and 2021) 5.25 % 3.75 % 3.75 % Ages 45-54 (ages 60-64 for 2022 and 2021) 4.75 % 3.50 % 3.50 % Ages 55-69 (ages 65 and over for 2022 and 2021) 3.75 % 3.25 % 3.25 % Ages 70 and over (for 2023) 3.00 % N/A N/A Interest crediting rate 3.89 % 4.07 % N/A The estimated future pension benefit payments reflecting expected future service for the next ten years are shown below (in thousands): 2024 $ 10,966 2025 11,164 2026 11,246 2027 11,245 2028 10,896 2029-2033 54,844 Total $ 110,361 The following table shows ending balances of accumulated other comprehensive income (loss) at December 31, 2023 and 2022. (In thousands) 2023 2022 Prior service cost $ (388) $ (436) Net actuarial gain (loss) 2,529 (8,020) Total 2,141 (8,456) Deferred tax (liability) asset (449) 1,776 Accumulated other comprehensive income (loss) $ 1,692 $ (6,680) Using actuarial measurement dates of December 31 for 2023, 2022 and 2021, components of net periodic benefit income (loss) and other amounts recognized in other comprehensive income (loss) were as follows: (In thousands) 2023 2022 2021 Affected Line Item in the Consolidated Statements of Income Components of net periodic benefit income (loss) and other amounts recognized in other comprehensive income (loss) Service cost $ (6,236) $ (9,749) $ (9,916) Employee benefits Interest cost (6,523) (5,705) (5,359) Other components of net periodic benefit income Expected return on plan assets 14,143 17,798 15,731 Other components of net periodic benefit income Recognized net actuarial loss and prior service cost (48) 15 (2,220) Other components of net periodic benefit income Net periodic benefit income (loss) $ 1,336 $ 2,359 $ (1,764) Net actuarial gain (loss) and prior service credit (cost) $ 10,549 $ (1,109) $ 34,019 Amortization of net loss (gain) 48 (15) 2,220 Total recognized in other comprehensive income (loss) 10,597 (1,124) 36,239 Total recognized in net benefit income (loss) and other comprehensive income (loss) $ 11,933 $ 1,235 $ 34,475 The weighted average assumptions used to determine net periodic benefit income (loss) for the years ended December 31, 2023, 2022 and 2021 are listed below: 2023 2022 2021 Discount rate 5.32 % 3.23 % 3.00 % Rate of compensation increase Under age 30 8.25 % 8.25 % 8.25 % Ages 30-39 6.00 % 6.00 % 6.00 % Ages 40-49 5.00 % 5.00 % 5.00 % Ages 50-54 4.25 % 4.25 % 4.25 % Ages 55-59 3.75 % 3.75 % 3.75 % Ages 60-64 3.50 % 3.50 % 3.50 % Ages 65 and over 3.25 % 3.25 % 3.25 % Expected long-term return on plan assets 6.92 % 6.92 % 7.00 % U.S. GAAP defines fair value as the price that would be received by Park for an asset or paid by Park to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date, using the most advantageous market for the asset or liability. The fair values of equity securities, consisting of mutual fund investments and common stock held by the Pension Plan, are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs). Additionally, due to their short-term nature, the fair value of interest bearing demand deposits is determined by reference to their face value (Level 1 inputs). Interest bearing time deposits, United States Government agency obligations and corporate bonds are valued by the trustee based on yields available on comparable securities of issuers with similar credit ratings as of the end of the year (Level 2 inputs). No investments were categorized as Level 3 inputs. The fair value of the plan assets at December 31, 2023 and December 31, 2022, by asset class, is as follows. Fair Value Measurements Fair Value Measurements at December 31, 2023, Using at December 31, 2022, Using (In thousands) (Level 1) (Level 2) (Level 1) (Level 2) Interest-bearing account $ 1,395 $ 4,758 $ 1,959 $ 3,910 Mutual funds 49,740 — 46,093 — U.S. Government agency obligations — 12,466 — 12,513 Corporate bonds — 15,572 — 12,562 Common stocks 148,963 — 132,101 — Total $ 200,098 $ 32,796 $ 180,153 $ 28,985 Salary Deferral Plan The Corporation has a voluntary salary deferral plan (the Corporation's Employees Stock Ownership Plan) covering substantially all of the employees of the Corporation and its subsidiaries. Eligible employees may contribute a portion of their compensation subject to a maximum statutory limitation. The Corporation provides a matching contribution established annually by the Corporation. Contribution expense for the Corporation was $5.0 million, $4.6 million, and $4.3 million for 2023, 2022 and 2021, respectively. Supplemental Executive Retirement Plan The Corporation has entered into Supplemental Executive Retirement Plan Agreements (the "SERP Agreements") with certain key officers of Park National Corporation and its subsidiaries which provide defined pension benefits in excess of limits imposed by federal income tax law. The accrued benefit cost for the SERP Agreements totaled $15.2 million and $14.2 million for 2023 and 2022, respectively, and is recorded within "Other liabilities" on the Consolidated Balance Sheet. The expense for the Corporation was as follows: (In thousands) 2023 2022 2021 Affected Line Item in the Consolidated Service cost $ 1,224 $ 1,091 $ 1,345 Employee benefits Interest cost 567 564 510 Miscellaneous expense Total SERP expense $ 1,791 $ 1,655 $ 1,855 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Corporation’s deferred tax assets and liabilities are as follows: December 31 (In thousands) 2023 2022 Deferred tax assets: Allowance for credit losses $ 18,248 $ 18,615 Accumulated other comprehensive loss – Pension Plan — 1,776 Accumulated other comprehensive loss – Unrealized losses on debt securities AFS 18,045 25,443 Deferred compensation 6,177 6,255 OREO valuation adjustments 100 11 Net deferred loan fees 1,384 1,898 Deferred contract bonus 205 317 Nonvested equity-based compensation 3,019 2,827 Net operating loss ("NOL") carryforward 2,222 2,654 Capital loss carryforward — 299 Fixed assets 1,243 510 Operating lease liability 3,620 4,206 Other 1,759 1,950 Total deferred tax assets $ 56,022 $ 66,761 Deferred tax liabilities: Accumulated other comprehensive gain – Pension Plan $ 449 $ — Deferred investment income 2,455 4,890 Pension Plan 19,962 19,678 MSRs 3,196 3,445 Partnership adjustments 1,540 884 Purchase accounting adjustments 807 952 Operating lease right-of-use asset 3,426 3,837 Lessor adjustments 2,308 2,325 Other 614 565 Total deferred tax liabilities $ 34,757 $ 36,576 Net deferred tax asset $ 21,265 $ 30,185 As of December 31, 2023 and 2022, Park had a net deferred tax asset balance related to federal NOL carryforwards of approximately $2.0 million and $2.4 million, respectively, which expire at various dates from 2030-2039. Park also had a net deferred tax asset balance related to state NOL carryforwards of approximately $0.2 million and $0.3 million at December 31, 2023 and 2022, respectively, which expire at various dates from 2030-2039. Park performs an analysis to determine if a valuation allowance against deferred tax assets is required in accordance with U.S. GAAP. Management determined that it was not required to establish a valuation allowance against the December 31, 2023 or 2022 deferred tax assets in accordance with U.S. GAAP since it was more likely than not that the deferred tax asset will be fully utilized in future periods. The components of the provision for federal income taxes are shown below: December 31, (In thousands) 2023 2022 2021 Currently payable Federal $ 18,118 $ 22,574 $ 28,726 State 1,190 1,180 1,382 Amortization of qualified affordable housing projects 8,265 7,743 7,313 Deferred Federal (708) 464 (3,006) State 5 147 (125) Total $ 26,870 $ 32,108 $ 34,290 The following is a reconciliation of income tax expense to the amount computed at the statutory federal corporate income tax rate of 21% for the years ended December 31, 2023, 2022 and 2021. 2023 2022 2021 Statutory federal corporate income tax rate 21.0 % 21.0 % 21.0 % Changes in rates resulting from: Tax exempt interest income, net of disallowed interest (1.9) % (1.6) % (1.2) % Bank owned life insurance (0.7) % (0.7) % (0.5) % Investments in qualified affordable housing projects, net of tax benefits (1.0) % (0.8) % (0.8) % KSOP dividend deduction (0.6) % (0.5) % (0.5) % Other 0.7 % 0.4 % 0.2 % Effective Tax Rate 17.5 % 17.8 % 18.2 % Park National Corporation and its subsidiaries do not pay state income tax to the state of Ohio, but pay a franchise tax based on equity. The franchise tax expense is included in "State tax expense" on Park’s Consolidated Statements of Income. Park is also subject to state income tax in various states, including North Carolina and South Carolina. State income tax expense is included in “Income taxes” on Park’s Consolidated Statements of Income. Park’s state income tax expense was $1.2 million, $1.3 million and $1.0 million for the years ended December 31, 2023, 2022 and 2021, respectively. Unrecognized Tax Benefits The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits. (In thousands) 2023 2022 2021 January 1 Balance $ 69 $ 339 $ 633 Additions based on tax positions related to the current year 47 — — Additions for tax positions of prior years 52 25 10 Reductions due to statute of limitations (23) (295) (304) December 31 Balance $ 145 $ 69 $ 339 The amount of unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in the future periods at December 31, 2023, 2022 and 2021 was $0.1 million, $0.1 million and $0.3 million, respectively. Park does not expect the total amount of unrecognized tax benefits to significantly increase or decrease during 2024. The expense (income) related to interest and penalties recorded on unrecognized tax benefits in the Consolidated Statements of Income for the years ended December 31, 2023, 2022, and 2021 was $1,500, $(56,000), and $(45,500), respectively. The amount accrued for interest and penalties at December 31, 2023, 2022 and 2021 was $11,000, $9,500 and $65,500, respectively. Park National Corporation and its subsidiaries are subject to U.S. federal income tax and income tax in various state jurisdictions. The Corporation is subject to routine audits of tax returns by the Internal Revenue Service and states in which we conduct business. No material adjustments have been made on closed federal and state tax audits. Generally, all tax years ended prior to December 31, 2020 are closed to examination by federal and state taxing authorities. |
Other Comprehensive Income
Other Comprehensive Income | 12 Months Ended |
Dec. 31, 2023 | |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) Other comprehensive income (loss) components, net of income tax, are shown in the following table for the years ended December 31, 2023, 2022 and 2021. (in thousands) Changes in Pension Plan assets and benefit obligations Unrealized (losses) gains on AFS debt securities Unrealized net holding loss on cash flow hedge Total Beginning balance at January 1, 2023 $ (6,680) $ (95,714) $ — $ (102,394) Other comprehensive income before reclassifications 8,334 21,610 — 29,944 Amounts reclassified from accumulated other comprehensive income 38 6,221 — 6,259 Net current period other comprehensive income $ 8,372 $ 27,831 $ — $ 36,203 Ending balance at December 31, 2023 $ 1,692 $ (67,883) $ — $ (66,191) Beginning balance at January 1, 2022 $ (5,792) $ 21,153 $ (206) $ 15,155 Other comprehensive (loss) income before reclassifications (876) (116,867) 154 (117,589) Amounts reclassified from accumulated other comprehensive loss (12) — 52 40 Net current period other comprehensive (loss) income $ (888) $ (116,867) $ 206 $ (117,549) Ending balance at December 31, 2022 $ (6,680) $ (95,714) $ — $ (102,394) Beginning balance at January 1, 2021 $ (34,421) $ 40,690 $ (698) $ 5,571 Other comprehensive income (loss) before reclassifications 26,875 (19,537) 492 7,830 Amounts reclassified from accumulated other comprehensive income 1,754 — — 1,754 Net current period other comprehensive income (loss) $ 28,629 $ (19,537) $ 492 $ 9,584 Ending balance at December 31, 2021 $ (5,792) $ 21,153 $ (206) $ 15,155 The following table provides information concerning amounts reclassified out of accumulated other comprehensive (loss) income for the years ended December 31, 2023, 2022 and 2021: Amount Reclassified from Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Consolidated Statements of Income (In thousands) 2023 2022 2021 Amortization of defined benefit pension items Amortization of prior service cost (credit) $ 48 $ (15) $ (15) Employee benefits Amortization of net actuarial loss — — 2,235 Employee benefits Income (loss) before income taxes 48 (15) 2,220 Income before income taxes Income tax effect 10 (3) 466 Income taxes Net of income tax $ 38 $ (12) $ 1,754 Net income Unrealized losses on AFS debt securities Net loss on the sale of debt securities $ 7,875 $ — $ — Loss on the sale of debt securities, net Loss before income taxes 7,875 — — Income before income taxes Income tax effect 1,654 — — Income taxes Net of income tax $ 6,221 $ — $ — Net income Unrealized net holding loss on cash flow hedge Loss due to early termination of borrowing interest rate swap $ — $ 66 $ — Miscellaneous expense Loss before income taxes — 66 — Income before income taxes Income tax effect — 14 — Income taxes Net of income tax $ — $ 52 $ — Net income |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | Earnings Per Common Share U.S. GAAP requires the reporting of basic and diluted earnings per common share. Basic earnings per common share excludes any dilutive effects of PBRSUs and TBRSUs. The following table sets forth the computation of basic and diluted earnings per common share: Year ended December 31 2023 2022 2021 Numerator: Net income $ 126,734 $ 148,351 $ 153,945 Denominator: Weighted-average common shares outstanding 16,163,500 16,246,009 16,291,016 Effect of dilutive PBRSUs and TBRSUs 86,519 119,300 134,190 Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs 16,250,019 16,365,309 16,425,206 Earnings per common share: Basic earnings per common share $ 7.84 $ 9.13 $ 9.45 Diluted earnings per common share $ 7.80 $ 9.06 $ 9.37 Park awarded 54,698, 52,335 and 61,890 PBRSUs to certain employees during the years ended December 31, 2023, 2022 and 2021, respectively. During the years ended December 31, 2023 and 2021, Park repurchased 199,000 and 137,659 common shares, respectively, to fund the PBRSUs, TBRSUs and common shares awarded to directors of Park and to directors of PNB (and its divisions) as well as pursuant to Park's previously announced stock repurchase authorizations. There were no common shares repurchased during the year ended December 31, 2022. |
Dividend Restrictions
Dividend Restrictions | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] | |
Dividend Restrictions | Dividend Restrictions Bank regulators limit the amount of dividends a subsidiary bank can declare in any calendar year without obtaining prior approval. At December 31, 2023, approximately $112.9 million of the total shareholders’ equity of PNB was available for the payment of dividends to Park National Corporation, without approval by the applicable regulatory authorities. |
Financial Instruments With Off-
Financial Instruments With Off-Balance Sheet Risk and Financial Instruments With Concentrations of Credit Risk | 12 Months Ended |
Dec. 31, 2023 | |
Risks and Uncertainties [Abstract] | |
Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentration of Credit Risk | Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk The Corporation is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include loan commitments and standby letters of credit. The financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Financial Statements. The Corporation’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for loan commitments and standby letters of credit is represented by the contractual amount of those financial instruments. The Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Since many of the loan commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan commitments to customers. The total amounts of off-balance sheet financial instruments with credit risk were as follows: December 31 (In thousands) 2023 2022 Loan commitments $ 1,527,577 $ 1,416,699 Standby letters of credit 31,261 30,468 The loan commitments are generally for variable rates of interest. Commitments to originate new loans are generally made for periods of 180 days or less. The Corporation grants retail, commercial and commercial real estate loans to customers primarily located in Ohio, Kentucky, North Carolina and South Carolina with the exception of nationwide aircraft loans and nationwide asset-based lending to consumer finance companies. The Corporation evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Corporation upon the extension of credit, is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and real estate. Although the Corporation has a diversified loan portfolio, a substantial portion of the borrowers’ ability to honor their contracts is dependent upon the economic conditions of the borrowers' respective geographic locations and industries. |
Loan Servicing
Loan Servicing | 12 Months Ended |
Dec. 31, 2023 | |
Transfers and Servicing of Financial Assets [Abstract] | |
Transfers and Servicing of Financial Assets [Text Block] | Loan Servicing Park serviced sold mortgage loans of $1,934 million at December 31, 2023, compared to $2,051 million at December 31, 2022 and $2,132 million at December 31, 2021. At December 31, 2023, $2.9 million of the sold mortgage loans were sold with recourse compared to $3.2 million at December 31, 2022 and $3.3 million at December 31, 2021. Management closely monitors the delinquency rates on the mortgage loans sold with recourse. As of December 31, 2023 and 2022, management had established reserves of $54,000 and $59,000, respectively, to account for future loan repurchases. Custodial escrow balances maintained in connection with serviced sold mortgage loans were $19.2 million and $17.9 million at December 31, 2023 and 2022, respectively. When Park sells mortgage loans with servicing rights retained, servicing rights are initially recorded at fair value. Park selected the “amortization method” as permissible within U.S. GAAP, whereby the servicing rights capitalized are amortized in proportion to and over the period of estimated future servicing income of the underlying loan. At the end of each reporting period, the carrying value of MSRs is assessed for impairment with a comparison to fair value. MSRs are carried at the lower of their amortized cost or fair value. The amortization of MSRs is included within "Other service income" in the Consolidated Statements of Income. Activity for MSRs and the related valuation allowance follows: December 31 (In thousands) 2023 2022 2021 MSRs: Carrying amount, net, beginning of year $ 15,792 $ 15,264 $ 12,210 Additions 535 1,455 4,945 Amortization (1,759) (2,313) (3,512) Change in valuation allowance 88 1,386 1,621 Carrying amount, net, end of year $ 14,656 $ 15,792 $ 15,264 Valuation allowance: Beginning of year $ 182 $ 1,568 $ 3,189 Change in valuation allowance (88) (1,386) (1,621) End of year $ 94 $ 182 $ 1,568 The fair value of MSRs was $16.7 million and $17.4 million at December 31, 2023 and 2022, respectively. The fair value of MSRs at December 31, 2023 was established using a discount rate of 12% and constant prepayment speeds ranging from 6.12% to 27.50%. The fair value of MSRs at December 31, 2022 was established using a discount rate of 12% and constant prepayment speeds ranging from 6.96% to 19.14%. Servicing fees included in "Other service income" were $5.2 million, $5.4 million and $5.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Lessee, Operating Leases | Leases Park is a lessee in several noncancellable operating lease arrangements, primarily for retail branches, administrative and warehouse buildings, ATMs, and certain office equipment within its Ohio, North Carolina, South Carolina, and Kentucky markets. Certain of these leases contain renewal options for periods ranging from one year to five years. Park’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease arrangements include fixed payments plus, for many of Park’s real estate leases, variable payments such as Park's proportionate share of property taxes, insurance and common area maintenance. Park's operating lease ROU asset and lease liability are presented in “Operating lease right-of-use asset" and "Operating lease liability," respectively, on Park's Consolidated Balance Sheets. The carrying amounts of Park's ROU asset and lease liability at December 31, 2023 were $15.7 million and $16.6 million, respectively. At December 31, 2022, the carrying amounts of Park's ROU assets and lease liability were $17.6 million and $19.3 million, respectively. Park's operating lease expense is recorded in "Occupancy expense" on the Company's Consolidated Statements of Income. Other information related to operating leases for the years ended December 31, 2023, 2022 and 2021 follows: (In thousands) Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Lease cost Operating lease cost $ 2,874 $ 3,073 $ 2,827 Sublease income (273) (252) (253) Total lease cost $ 2,601 $ 2,821 $ 2,574 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,630 $ 3,116 $ 3,199 ROU assets obtained in exchange for new operating lease liabilities $ 545 $ 7,867 $ 1,190 Reductions to ROU assets resulting from reductions to lease obligations $ (3,062) $ (2,812) $ (2,865) Park's operating leases had a weighted average remaining term of 10.1 years and 10.0 years at December 31, 2023 and 2022, respectively. The weighted average discount rate of Park's operating leases was 3.5% and 3.3% at December 31, 2023 and 2022, respectively. Undiscounted cash flows included in lease liabilities at December 31, 2023 have expected contractual payments as follows: (In thousands) December 31, 2023 2024 $ 2,495 2025 2,169 2026 2,107 2027 2,014 2028 2,027 Thereafter 9,435 Total undiscounted minimum lease payments $ 20,247 Less: imputed interest (3,642) Total lease liabilities $ 16,605 |
Fair Value
Fair Value | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Values | Fair Value The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows: • Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date. • Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of “matrix pricing” to value debt securities absent the exclusive use of quoted prices. • Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of individually evaluated collateral dependent loans is typically based on the fair value of the underlying collateral, which is estimated through third-party appraisals in accordance with Park's valuation requirements under its commercial and real estate loan policies. Assets and Liabilities Measured at Fair Value on a Recurring Basis : The following tables present assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements at December 31, 2023 using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2023 Assets Investment securities: Obligations of states and political subdivisions $ — $ 241,184 $ — $ 241,184 U.S. Government sponsored entities’ asset-backed securities — 635,475 — 635,475 Collateralized loan obligations — 438,286 — 438,286 Corporate debt securities — 11,548 6,349 17,897 Equity securities 1,616 — 473 2,089 Mortgage loans held for sale — 3,235 — 3,235 Mortgage IRLCs — 87 — 87 Loan interest rate swaps — 1,069 — 1,069 Liabilities Fair value swap $ — $ — $ 123 $ 123 Loan interest rate swaps — 1,069 — 1,069 Fair Value Measurements at December 31, 2022 using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2022 Assets Investment securities: Obligations of U.S. Government sponsored entities $ — $ 37,213 $ — $ 37,213 Obligations of states and political subdivisions — 406,711 — 406,711 U.S. Government sponsored entities’ asset-backed securities — 756,761 — 756,761 Collateralized loan obligations — 516,539 — 516,539 Corporate debt securities — 9,472 7,000 16,472 Equity securities 1,420 — 439 1,859 Mortgage loans held for sale — 2,149 — 2,149 Mortgage IRLCs — 46 — 46 Loan interest rate swaps — 1,508 — 1,508 Liabilities Fair value swap $ — $ — $ 243 $ 243 Loan interest rate swaps — 1,508 — 1,508 The following methods and assumptions were used by the Company in determining the fair value of the financial assets and liabilities discussed above: Interest rate swaps: The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date (Level 2). Investment securities: Fair values for investment securities are based on quoted market prices, where available (Level 1). If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows (Level 3). Fair value swap: The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses and is classified as Level 3. Mortgage interest rate lock commitments: Mortgage IRLCs are based on current secondary market pricing and are classified as Level 2. Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using market prices for similar product types and, therefore, are classified in Level 2. The following tables present a reconciliation of the beginning and ending balances of the Level 3 inputs for the years ended December 31, 2023 and 2022, for financial instruments measured on a recurring basis and classified as Level 3: Level 3 Fair Value Measurements (In thousands) Corporate debt securities Equity securities Fair value swap Balance at January 1, 2023 $ 7,000 $ 439 $ (243) Transfers into (out of) level 3, net 11 — — Total gains / (losses) Included in other income / other (expense) — 34 (175) Included in other comprehensive income (662) — — Purchases, sales, issuances and settlements, other, net — — 295 Balance at December 31, 2023 $ 6,349 $ 473 $ (123) Balance at January 1, 2022 $ — $ 499 $ (226) Total losses Included in other income / other (expense) — (60) (221) Transfers into level 3 7,000 — — Purchases, sales, issuances and settlements, other, net — — 204 Balance at December 31, 2022 $ 7,000 $ 439 $ (243) Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis: The following methods and assumptions were used by the Company in determining the fair value of assets and liabilities measured at fair value on a nonrecurring basis as described below: Individually evaluated collateral dependent loans: When a loan is individually evaluated, it is valued at the lower of cost or fair value. Collateral dependent loans which are individually evaluated and carried at fair value have been partially charged off or receive allocations of the allowance for credit losses. For collateral dependent loans, fair value is generally based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and the client’s business, resulting in a Level 3 fair value classification. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Additionally, valuations for all collateral dependent loans are updated annually, either through independent valuations by a licensed appraiser or a verification of value ("VOV") performed by an internal licensed appraiser, in accordance with Company policy. A VOV can only be used in select circumstances and verifies that the original appraised value has not deteriorated through property inspection, consideration of market conditions, and performance of all valuation methods utilized in a prior valuation. After the adoption of ASU 2022-02 on January 1, 2023, loans individually evaluated for impairment include all internally classified commercial nonaccrual loans. Prior to the adoption of ASU 2022-02, loans individually evaluated for impairment included all internally classified commercial nonaccrual loans and accruing TDRs. OREO: Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. Fair value is based on recent real estate appraisals and is updated at least annually. These appraisals may utilize a single valuation approach or a combination of approaches including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Appraisals for both individually evaluated collateral dependent loans and OREO are performed by licensed appraisers. Appraisals are generally obtained to support the fair value of collateral. In general, there are three types of appraisals received by the Company: real estate appraisals, income approach appraisals, and lot development loan appraisals. These are discussed below: • Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales prices of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 15% discount to real estate appraised values which management expects will cover all disposition costs (including selling costs). This 15% discount is based on historical discounts to appraised values on sold OREO properties. • Income approach appraisals typically incorporate the annual net operating income of the business divided by an appropriate capitalization rate, as determined by the appraiser. Management generally applies a 15% discount to income approach appraised values which management expects will cover all disposition costs (including selling costs). • Lot development loan appraisals are typically performed using a discounted cash flow analysis. Appraisers determine an anticipated absorption period and a discount rate that takes into account an investor’s required rate of return based on recent comparable sales. Management generally applies a 6% discount to lot development appraised values, which is an additional discount above the net present value calculation included in the appraisal, to account for selling costs. MSRs: MSRs are carried at the lower of cost or fair value. MSRs do not trade in active, open markets with readily observable prices. For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available. As such, management, with the assistance of a third-party specialist, determines fair value based on the discounted value of the future cash flows estimated to be received. Significant inputs include the discount rate and assumed prepayment speeds. The calculated fair value is then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified as Level 2. The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Individually evaluated collateral dependent loans secured by real estate are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. As of December 31, 2023 and 2022, there were no PCD loans carried at fair value. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken with respect to the property's value subsequent to the initial measurement. Fair Value Measurements at December 31, 2023 Using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2023 Individually evaluated collateral dependent loans recorded at fair value: Commercial real estate $ — $ — $ 2,315 $ 2,315 Residential real estate — — 182 182 Total individually evaluated collateral dependent loans recorded at fair value $ — $ — $ 2,497 $ 2,497 MSRs $ — $ 866 $ — $ 866 OREO recorded at fair value: Commercial real estate $ — $ — $ 938 $ 938 Total OREO recorded at fair value $ — $ — $ 938 $ 938 Fair Value Measurements at December 31, 2022 Using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2022 Individually evaluated collateral dependent loans recorded at fair value: Commercial real estate $ — $ — $ 5,573 $ 5,573 Residential real estate — — 200 200 Total individually evaluated collateral dependent loans recorded at fair value $ — $ — $ 5,773 $ 5,773 MSRs $ — $ 1,717 $ — $ 1,717 OREO recorded at fair value $ — $ — $ — $ — The tables below provide additional detail on those individually evaluated loans which are recorded at fair value as well as the remaining individually evaluated loan portfolio not included above. The remaining individually evaluated loans consist of 1) loans which are not collateral dependent, 2) loans which are not secured by real estate, and 3) loans carried at cost as the fair value of the underlying collateral or the present value of expected future cash flows on each of the loans exceeded the book value for each respective credit. December 31, 2023 (In thousands) Loan Prior Charge-Offs Specific Valuation Allowance Carrying Balance Total individually evaluated collateral dependent loans recorded at fair value $ 2,499 $ 2,048 $ 2 $ 2,497 Remaining individually evaluated loans 42,716 301 4,981 37,735 Total individually evaluated loans $ 45,215 $ 2,349 $ 4,983 $ 40,232 December 31, 2022 (In thousands) Recorded Investment Prior Charge-Offs Specific Valuation Allowance Carrying Balance Total individually evaluated collateral dependent loans recorded at fair value $ 5,903 $ 1,523 $ 130 $ 5,773 Remaining individually evaluated loans 72,438 252 3,436 69,002 Total individually evaluated loans $ 78,341 $ 1,775 $ 3,566 $ 74,775 The (expense) income from credit adjustments related to individually evaluated loans carried at fair value for the years ended December 31, 2023, 2022 and 2021 was $(1.0) million, $(0.9) million, and $0.5 million, respectively. MSRs totaled $14.7 million at December 31, 2023. Of this $14.7 million MSR carrying balance, $0.9 million was recorded at fair value and included a valuation allowance of $0.1 million. The remaining $13.8 million was recorded at cost, as the fair value exceeded cost at December 31, 2023. At December 31, 2022, MSRs totaled $15.8 million. Of this $15.8 million MSR carrying balance, $1.7 million was recorded at fair value and included a valuation allowance of $0.2 million. T he remaining $14.1 million was recorded at cost, as the fair value exceeded cost at December 31, 2022. The income related to MSRs carried at fair value for the years ended December 31, 2023, 2022 and 2021 was $0.1 million, $1.4 million and $1.6 million, respectively. Total OREO held by Park at December 31, 2023 and 2022 was $1.0 million and $1.4 million, respectively. At December 31, 2023 , there was $938,000 of OREO held by Park that was carried at fair value due to fair value adjustments made subsequent to the initial OREO measurement. At December 31, 2022 , there was no OREO carried at fair value. The net (expense) income related to OREO fair value adjustments was $(0.4) million, $11.3 million and $32,000 for the years ended December 31, 2023, 2022 and 2021, respectively. The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) Individually evaluated collateral dependent loans: Commercial real estate $ 2,315 Sales comparison approach Adj to comparables 0.2% - 89.0% (21.2%) Income approach Capitalization rate 7.5% - 9.5% (8.9%) Residential real estate $ 182 Sales comparison approach Adj to comparables 1.2% - 78.6% (7.6%) Other real estate owned: Commercial real estate $ 938 Sales comparison approach Adj to comparables 5.0% - 10.0% (7.5%) Cost approach Entrepreneurial profit 5.0% (5.0%) Cost approach Accumulated depreciation 50.0% (50.0%) December 31, 2022 (In thousands) Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) Individually evaluated collateral dependent loans: Commercial real estate $ 5,573 Sales comparison approach Adj to comparables 0.0% - 202.0% (19.4%) Income approach Capitalization rate 7.0% - 10.0% (7.9%) Cost approach Entrepreneurial profit 10.0% - 12.0% (11.4%) Cost approach Accumulated depreciation 38.8% (38.8%) Residential real estate $ 200 Sales comparison approach Adj to comparables 1.9% - 119.8% (17.4%) Assets Measured at Net Asset Value: Park's portfolio of Partnership Investments are valued using the NAV practical expedient in accordance with ASC 820. At December 31, 2023 and December 31, 2022, Park had Partnerships Investments with a NAV of $27.5 million and $24.4 million, respectively. At December 31, 2023 and December 31, 2022, Park had $18.4 million and $20.3 million in unfunded commitments related to these Partnership Investments. For the years ended December 31, 2023, 2022 and 2021, Park recognized income of $0.4 million, $2.4 million and $4.5 million, respectively, related to these Partnership Investments. The fair value of certain financial instruments at December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 Fair Value Measurements (In thousands) Carrying value Level 1 Level 2 Level 3 Total fair value Financial assets: Cash and money market instruments $ 218,268 $ 218,268 $ — $ — $ 218,268 Investment securities (1) 1,332,842 — 1,326,493 6,349 1,332,842 Other investment securities (2) 2,089 1,616 — 473 2,089 Mortgage loans held for sale 3,235 — 3,235 — 3,235 Mortgage IRLCs 87 — 87 — 87 Individually evaluated loans carried at fair value 2,497 — — 2,497 2,497 Other loans, net 7,386,657 — — 7,200,851 7,200,851 Loans receivable, net $ 7,392,476 $ — $ 3,322 $ 7,203,348 $ 7,206,670 Financial liabilities: Time deposits $ 641,615 $ — $ 641,180 $ — $ 641,180 Brokered deposits and Bid Ohio CDs 164,985 — 165,059 — 165,059 Other 1,261 1,261 — — 1,261 Deposits (excluding demand deposits) $ 807,861 $ 1,261 $ 806,239 $ — $ 807,500 Short-term borrowings $ 328,182 $ — $ 328,182 $ — $ 328,182 Subordinated notes 189,147 — 172,059 — 172,059 Derivative financial instruments - assets: Loan interest rate swaps $ 1,069 $ — $ 1,069 $ — $ 1,069 Derivative financial instruments - liabilities: Fair value swap $ 123 $ — $ — $ 123 $ 123 Loan interest rate swaps 1,069 — 1,069 — 1,069 (1) Includes debt securities AFS. (2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient. December 31, 2022 Fair Value Measurements (In thousands) Carrying value Level 1 Level 2 Level 3 Total fair value Financial assets: Cash and money market instruments $ 189,728 $ 189,728 $ — $ — $ 189,728 Investment securities (1) 1,733,696 — 1,726,696 7,000 1,733,696 Other investment securities (2) 1,859 1,420 — 439 1,859 Mortgage loans held for sale 2,149 — 2,149 — 2,149 Mortgage IRLCs 46 — 46 — 46 Individually evaluated loans carried at fair value 5,773 — — 5,773 5,773 Other loans, net 7,048,544 — — 6,918,326 6,918,326 Loans receivable, net $ 7,056,512 $ — $ 2,195 $ 6,924,099 $ 6,926,294 Financial liabilities: Time deposits $ 554,445 $ — $ 552,443 $ — $ 552,443 Other 1,325 1,325 — — 1,325 Deposits (excluding demand deposits) $ 555,770 $ 1,325 $ 552,443 $ — $ 553,768 Short-term borrowings $ 227,342 $ — $ 227,342 $ — $ 227,342 Subordinated notes 188,667 — 177,928 — 177,928 Derivative financial instruments - assets: Loan interest rate swaps $ 1,508 $ — $ 1,508 $ — $ 1,508 Derivative financial instruments - liabilities: Fair value swap $ 243 $ — $ — $ 243 $ 243 Loan interest rate swaps 1,508 — 1,508 — 1,508 (1) Includes debt securities AFS. (2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient. |
Capital Ratios
Capital Ratios | 12 Months Ended |
Dec. 31, 2023 | |
Banking Regulation, Total Capital [Abstract] | |
Capital Ratios | Capital Ratios Financial institution regulators have established guidelines for minimum capital ratios for banks, thrifts and bank holding companies. Park has elected not to include the net unrealized gain or loss on debt securities AFS in computing regulatory capital. Park has adopted the Basel III regulatory capital framework as approved by the federal banking agencies. Under the Basel III regulatory capital framework, in order to avoid limitations on capital distributions, including dividend payments and stock repurchases, and certain discretionary bonus payments to executive officers, Park must hold a capital conservation buffer of 2.50% above the adequately capitalized risk-based capital ratios. The amounts shown below as the adequately capitalized ratio plus capital conservation buffer include the 2.50% buffer. The Federal Reserve Board has also adopted requirements Park must maintain to be deemed "well-capitalized" and to remain a financial holding company. Each of PNB and Park met all of the well-capitalized ratio guidelines applicable to it at December 31, 2023. The following table indicates the capital ratios for PNB and Park at December 31, 2023 and 2022. As of December 31, 2023 Leverage Tier 1 Common Equity Tier 1 Total PNB 9.11 % 10.95 % 10.95 % 12.35 % Park 10.74 % 12.97 % 12.79 % 16.19 % Adequately capitalized ratio 4.00 % 6.00 % 4.50 % 8.00 % Adequately capitalized ratio plus capital conservation buffer 4.00 % 8.50 % 7.00 % 10.50 % Well-capitalized ratio - PNB 5.00 % 8.00 % 6.50 % 10.00 % Well-capitalized ratio - Park N/A 6.00 % N/A 10.00 % As of December 31, 2022 Leverage Tier 1 Common Equity Tier 1 Total PNB 8.34 % 10.69 % 10.69 % 12.15 % Park 9.90 % 12.76 % 12.57 % 16.07 % Adequately capitalized ratio 4.00 % 6.00 % 4.50 % 8.00 % Adequately capitalized ratio plus capital conservation buffer 4.00 % 8.50 % 7.00 % 10.50 % Well-capitalized ratio - PNB 5.00 % 8.00 % 6.50 % 10.00 % Well-capitalized ratio - Park N/A 6.00 % N/A 10.00 % The following table reflects various measures of capital for Park and PNB: To Be Adequately Capitalized To Be Well-Capitalized (In thousands) Actual Amount Ratio Amount Ratio Amount Ratio At December 31, 2023 Total Risk-Based Capital PNB $ 1,005,211 12.35 % $ 651,130 8.00 % $ 813,913 10.00 % Park 1,323,588 16.19 % 654,197 8.00 % 817,747 10.00 % Tier 1 Risk-Based Capital PNB $ 891,363 10.95 % $ 488,348 6.00 % $ 651,130 8.00 % Park 1,060,593 12.97 % 490,648 6.00 % 490,648 6.00 % Leverage Ratio PNB $ 891,363 9.11 % $ 391,376 4.00 % $ 489,220 5.00 % Park 1,060,593 10.74 % 395,131 4.00 % N/A N/A Common Equity Tier 1 PNB $ 891,363 10.95 % $ 366,261 4.50 % $ 529,043 6.50 % Park 1,045,593 12.79 % 367,986 4.50 % N/A N/A At December 31, 2022 Total Risk-Based Capital PNB $ 965,470 12.15 % $ 635,769 8.00 % $ 794,711 10.00 % Park 1,283,409 16.07 % 639,102 8.00 % 798,877 10.00 % Tier 1 Risk-Based Capital PNB $ 849,886 10.69 % $ 476,827 6.00 % $ 635,769 8.00 % Park 1,019,149 12.76 % 479,326 6.00 % 479,326 6.00 % Leverage Ratio PNB $ 849,886 8.34 % $ 407,836 4.00 % $ 509,795 5.00 % Park 1,019,149 9.90 % 411,838 4.00 % N/A N/A Common Equity Tier 1 PNB 849,886 10.69 % 357,620 4.50 % 516,562 6.50 % Park 1,004,149 12.57 % 359,495 4.50 % N/A N/A |
Parent Company Statements
Parent Company Statements | 12 Months Ended |
Dec. 31, 2023 | |
Condensed Financial Information Disclosure [Abstract] | |
Parent Company Statements | Parent Company Statements The Parent Company statements should be read in conjunction with the consolidated financial statements and the information set forth below. Investments in subsidiaries are accounted for using the equity method of accounting. Cash represents non-interest bearing deposits with PNB. Net cash provided by operating activities reflects cash payments (received from subsidiaries) partially offset by cash payments to government entities for income taxes of $6.1 million, $2.2 million and $4.3 million in 2023, 2022 and 2021, respectively. Condensed Balance Sheets December 31, 2023 and 2022 (In thousands) 2023 2022 Assets: Cash $ 282,151 $ 274,464 Investment in subsidiaries 1,007,342 941,826 Debentures receivable from PNB 25,000 25,000 Other receivables from subsidiaries 1,160 — Other investments 1,170 1,177 Other assets 35,610 36,636 Total assets $ 1,352,433 $ 1,279,103 Liabilities: Subordinated notes $ 189,147 $ 188,667 Other payables to subsidiaries 455 3,625 Other liabilities 17,538 17,585 Total liabilities $ 207,140 $ 209,877 Total shareholders’ equity $ 1,145,293 $ 1,069,226 Total liabilities and shareholders’ equity $ 1,352,433 $ 1,279,103 Condensed Statements of Income for the years ended December 31, 2023, 2022 and 2021 (In thousands) 2023 2022 2021 Income: Dividends from subsidiaries $ 110,000 $ 120,000 $ 115,500 Interest and dividends 1,678 1,250 1,250 Other 163 2,478 2,016 Total income 111,841 123,728 118,766 Expense: Interest expense $ 9,383 $ 8,833 $ 8,887 Other, net 9,536 10,504 10,707 Total expense 18,919 19,337 19,594 Income before income taxes and equity in undistributed income of subsidiaries $ 92,922 $ 104,391 $ 99,172 Income tax benefit 4,196 5,142 4,897 Income before equity in undistributed income of subsidiaries 97,118 109,533 104,069 Equity in undistributed income of subsidiaries 29,616 38,818 49,876 Net income $ 126,734 $ 148,351 $ 153,945 Other comprehensive income (loss) (1) 36,203 (117,549) 9,584 Comprehensive income $ 162,937 $ 30,802 $ 163,529 (1) See Consolidated Statements of Comprehensive Income for other comprehensive income (loss) detail. Statements of Cash Flows for the years ended December 31, 2023, 2022 and 2021 (In thousands) 2023 2022 2021 Operating activities: Net income $ 126,734 $ 148,351 $ 153,945 Adjustments to reconcile net income to net cash provided by operating activities: Undistributed income of subsidiaries (29,616) (38,818) (49,876) Compensation expense for issuance of treasury shares to directors 1,223 1,320 1,676 Share-based compensation expense 6,787 5,879 6,345 Loss (gain) on equity securities, net 151 207 (1,218) Decrease (increase) in other assets 828 (2,514) 8,249 (Decrease) increase in other liabilities (2,752) 4,896 (2,407) Net cash provided by operating activities 103,355 119,321 116,714 Investing activities: Proceeds from sales of securities 1,370 — 934 Purchase of equity securities (2,195) (9,165) — Other, net (31) 144 2,332 Net cash (used in) provided by investing activities (856) (9,021) 3,266 Financing activities: Cash dividends paid (68,951) (76,604) (74,306) Repayment of long-term debt — — (32,500) Repurchase of common shares to be held as treasury shares (23,017) — (16,048) Cash payment for fractional shares — (2) (6) Value of common shares withheld to pay employee income taxes (2,844) (2,761) (2,403) Net cash used in financing activities (94,812) (79,367) (125,263) Increase (decrease) in cash 7,687 30,933 (5,283) Cash at beginning of year 274,464 243,531 248,814 Cash at end of year $ 282,151 $ 274,464 $ 243,531 |
Revenue from Contract with Cust
Revenue from Contract with Customer | 12 Months Ended |
Dec. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contract with Customer [Text Block] | Revenue from Contracts with Customers All of Park's revenue from contracts with customers within the scope of ASC 606 is recognized within "Other income" in the Consolidated Statements of Income. All of Park's operations are considered by management to be aggregated in one reportable segment. The following table presents the Corporation's sources of other income by revenue stream for the years ended December 31, 2023, 2022, and 2021: Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Revenue by Operating Segment (in thousands) PRK PRK PRK Income from fiduciary activities Personal trust and agency accounts $ 10,297 10,091 10,264 Employee benefit and retirement-related accounts 9,894 9,698 9,705 Investment management and investment advisory agency accounts 13,242 12,442 12,620 Other 2,041 1,860 1,860 Service charges on deposit accounts Non-sufficient funds (NSF) fees 3,744 6,095 5,244 Demand deposit account (DDA) charges 4,229 3,439 3,074 Other 472 557 514 Other service income (1) Credit card 2,799 2,808 2,563 HELOC 369 397 389 Installment 177 163 148 Real estate 5,795 9,952 24,907 Commercial 1,160 1,975 1,805 Debit card fee income 26,522 26,046 25,865 Bank owned life insurance income (2) 5,338 6,100 4,897 ATM fees 2,178 2,273 2,379 (Loss) gain on the sale of OREO, net (3) 5,611 (4) OREO valuation markup 60 12,039 64 Loss on the sale of debt securities, net (2) (7,875) — — Gain on equity securities, net (2) 971 2,955 5,011 Other components of net periodic pension benefit income (2) 7,572 12,108 8,152 Miscellaneous (3) 3,652 9,326 10,487 Total other income $ 92,634 $ 135,935 $ 129,944 (1) "Other Service Income" totaled $10.3 million, $15.3 million, and $29.8 million for the years ended December 31, 2023, 2022, and 2021, respectively. Of this aggregate service revenue, approximately, $5.2 million, $5.6 million, and $5.3 million is within the scope of ASC 606, with the remaining $5.1 million, $9.7 million, and $24.5 million consisting primarily of residential real estate loan fees which are out of scope for each respective year. (2) Not within the scope of ASC 606. (3) "Miscellaneous" income includes brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $3.7 million, $9.3 million, and $10.5 million for the years ended December 31, 2023, 2022, and 2021, respectively, all of which are within the scope of ASC 606 . A description of Park's material revenue streams accounted for under ASC 606 follows: Income from fiduciary activities (gross) : Park earns fiduciary fee income and investment brokerage fees from its contracts with trust customers for various fiduciary and investment-related services. These fees are earned over time as the Company provides the contracted monthly and quarterly services and are generally assessed based on the market value of the trust assets. Service charges on deposit accounts and ATM fees : The Corporation earns fees from the Corporation's deposit customers for transaction-based, account maintenance, and overdraft services. Fees for transaction-based services, which include services such as ATM use fees, stop payment charges, statement rendering fees, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are generally recognized at the end of the month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance. Other service income : Other service income includes income from (1) the sale and servicing of loans sold to the secondary market, (2) incentive income from third-party credit card issuers, and (3) loan customers for various loan-related activities and services. Income related to the sale and servicing of loans sold to the secondary market is included within "Other service income", but is not within the scope of ASC 606. Services that fall within the scope of ASC 606 are recognized as revenue when the Company satisfies the Company's performance obligation to the customer. Debit card fee income : Park earns interchange fees from debit cardholder transactions conducted primarily through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, net of card network fees, concurrently with the transaction processing services provided to the cardholder. Gain or loss on sale of OREO, net : The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of delivery of an executed deed. When Park finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the buyer's obligation under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. OREO valuation markup : |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of Park National Corporation and its subsidiaries (“Park”, the “Company” or the “Corporation”), unless the context otherwise requires. Material intercompany accounts and transactions have been eliminated. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. |
Reclassifications | Reclassifications |
Restrictions on Cash and Due from Banks | Restrictions on Cash and Due from Banks As of March 26, 2020, the Federal Reserve Board eliminated reserve requirements for all depository institutions. There were no compensating balance arrangements in existence at December 31, 2023 or 2022. |
Investment Securities | Investment Securities Debt securities are classified upon acquisition into one of three categories: HTM, AFS, or trading (see Note 4 - Investment Securities). HTM debt securities are those debt securities that the Corporation has the positive intent and ability to hold to maturity and are recorded at amortized cost. The Corporation did not hold any HTM debt securities during any period presented. AFS debt securities are those debt securities that would be available to be sold in the future in response to the Corporation’s liquidity needs, changes in market interest rates, and asset-liability management strategies, among other reasons. AFS debt securities are reported at fair value, with unrealized holding gains and losses excluded from earnings, but included in other comprehensive income (loss), net of applicable income taxes. The Corporation did not hold any trading securities during any period presented. Interest income from debt securities includes amortization of purchase premium or discount. Premiums and discounts on investment securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Premiums on callable debt securities are amortized to their earliest call date. Gains and losses realized on the sale of debt securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days past due. Interest accrued but not received for a security placed on nonaccrual status is reversed against interest income. ACL - Debt Securities AFS For debt securities AFS in an unrealized loss position, Park first assesses whether it intends to sell, or it is more likely than not that Park will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through net income. For debt securities AFS that do not meet the aforementioned criteria, Park evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (loss), net of applicable taxes. Changes in the ACL are recorded as a provision for (or recovery of) credit loss expense. Losses are charged against the ACL when management believes that uncollectibility of a debt security AFS is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on debt securities AFS totaled $10.6 million and $12.4 million at December 31, 2023 and 2022, respectively, and is excluded from the estimate of credit losses. ACL - HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Park does not currently hold any HTM debt securities. Equity Securities Equity securities, included within "Other investment securities" on the Consolidated Balance Sheets, are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) Stock | Federal Home Loan Bank and Federal Reserve Bank of Cleveland Stock PNB is a member of the FHLB and the FRB. Members are required to own a certain amount of stock based on their level of borrowings and other factors and may invest in additional amounts. FHLB stock and FRB stock are classified as restricted securities and are carried at their redemption value within "Other investment securities" on the Consolidated Balance Sheets. Impairment is evaluated based on the ultimate recovery of par value. Both cash and stock dividends are reported as income. |
Mortgage Loans Held For Sale | Loans Held for Sale Park has elected the fair value option for mortgage loans held for sale, which are carried at their fair value as of each balance sheet date. |
Mortgage Banking Derivatives | Mortgage Banking Derivatives |
Financing Receivable [Policy Text Block] | Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred loan fees and costs. Interest income is accrued on the unpaid principal balance. Accrued interest receivable totaled $28.5 million and $22.3 million at December 31, 2023 and 2022, respectively, and was reported in "Accrued interest receivable" on the Consolidated Balance Sheets. Late charges on loans are recognized as income when they are collected. Net loan origination fees and costs are deferred and recognized in interest income using the level-yield method without anticipating prepayments. Commercial loans include: (1) commercial, financial and agricultural loans; (2) commercial real estate loans; (3) those commercial loans in the construction real estate loan segment; (4) those commercial loans in the residential real estate loan segment; and (5) leases. Consumer loans include: (1) mortgage and installment loans included in the construction real estate segment; (2) mortgage, home equity lines of credit ("HELOCs"), and installment loans included in the residential real estate segment; and (3) all loans included in the consumer segment. Generally, commercial loans are placed on nonaccrual status at 90 days past due and consumer and residential mortgage loans are placed on nonaccrual status at 120 days past due. The delinquency status of a loan is based on contractual terms and not on how recently payments have been received. Park’s charge-off policy for commercial loans requires management to establish an individual reserve or record a charge-off when collection is in doubt and there is, or likely will be, a collateral shortfall related to the estimated value of the collateral securing a loan. The Company’s charge-off policy for consumer loans is dependent on the class of the loan. Residential mortgage loans, HELOCs, and consumer loans secured by residential real estate are typically charged down to the value of the collateral, less estimated selling costs, at 180 days past due. The charge-off policy for other consumer loans, primarily installment loans, requires a monthly review of delinquent loans and a complete charge-off for any account that reaches 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans which are on nonaccrual status, it is Park’s policy to reverse interest previously accrued on the loans against interest income. Interest on such loans may be recorded on a cash basis and be included in earnings only when Park expects to receive the entire recorded investment of the respective loans. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. A description of each segment of the loan portfolio, along with the risk characteristics of each segment, is included below: Commercial, financial and agricultural: Commercial, financial and agricultural ("C&I") loans are made for a wide variety of general corporate purposes, including financing for commercial and industrial properties, financing for equipment, inventory and accounts receivable, acquisition financing, commercial leasing, and loans originated by consumer finance companies. The term of each commercial loan varies by its purpose. Repayment terms are structured such that commercial loans will be repaid within the economic useful life of the underlying asset. Risk of loss on C&I loans largely depends upon general economic cycles, as they may adversely impact certain industries, competency of the borrower's management team, the quality of the underlying assets supporting the loans including accounts receivable, inventory, and equipment, and the accuracy of the borrower's financial reporting. Such risks are mitigated by generally requiring the borrower's owners to guaranty the loans. Commercial real estate: Commercial real estate (“CRE”) loans include mortgage loans to developers and owners of commercial real estate. The lending policy for CRE loans is designed to address the unique risk attributes of CRE lending. The collateral for these CRE loans is the underlying commercial real estate. Risk of loss on CRE loans largely depends upon the cash flow of the properties, which is influenced by the amount of vacancy experienced with respect to underlying real estate, the credit capacity of the tenants occupying the underlying real estate, and general economic trends, as they may adversely impact the value of a property. These risks are mitigated by generally requiring personal guarantees of the owners of the properties and by requiring appraisals pursuant to government regulations. Construction real estate : The Company defines construction loans as both commercial construction loans and residential construction loans where the loan proceeds are used exclusively for the improvement of real estate. Construction loans may be in the form of a permanent loan or a short-term construction loan, depending on the needs of the individual borrower. Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost (including interest) of construction. If the estimate of construction cost proves to be inaccurate, Park may be required to advance funds beyond the amount originally committed to permit completion of the project. If the estimate of value proves inaccurate, Park may be confronted, at or prior to the maturity of the loan, with a project having a value insufficient to assure full repayment, should the borrower default. In the event that a default on a construction loan occurs and foreclosure follows, Park must take control of the project and attempt to either arrange for completion of construction or dispose of the unfinished project. Additional risks exist with respect to loans made to developers who do not have a buyer for the property, as the developer may lack funds to pay the loan if the property is not sold upon completion. Park attempts to reduce such risks on loans to developers by generally requiring personal guarantees and reviewing current personal financial statements and tax returns as well as other projects undertaken by the developer. Residential real estate: The Company defines residential real estate loans as first mortgages on individuals’ primary residences or second mortgages on individuals’ primary residences in the form of HELOCs or installment loans. Credit approval for residential real estate loans requires demonstration of sufficient income to repay the principal and interest and the real estate taxes and insurance, stable employment, an established credit record and a current independent third-party appraisal providing the market value of the real estate securing the loan. Residential real estate loans typically have longer terms and higher balances with lower yields as compared to consumer loans, but generally carry lower risks of default. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires creditors to make a reasonable and good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling. Documentation and verification of income within defined time frames and not-to-exceed limits are bases for affirming ability to repay. Risk of loss largely depends upon factors affecting the borrower's ability to repay as well as the general economic trends as they may adversely impact the value of the property. These risks are mitigated by completing a comprehensive underwriting of the borrower and by requiring appraisals pursuant to government regulations. Consumer: The Company originates direct and indirect consumer loans, primarily automobile, recreational vehicle and watercraft loans, to customers in the Company's primary market areas. Credit approval for consumer loans requires income sufficient to repay principal and interest due, stable employment, an established credit record and sufficient collateral for secured loans. Consumer loans typically have shorter terms and lower balances with higher yields as compared to real estate mortgage loans, but generally carry higher risks of default. Consumer loan collections are dependent on the borrower’s financial stability, and thus are more likely to be affected by adverse personal circumstances. Leases |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk Park's commercial loan portfolio includes loans to a wide variety of corporations and businesses across many industrial classifications in the 26 Ohio counties, four North Carolina counties, four South Carolina counties and one Kentucky county where PNB operates, with the exception of nationwide aircraft loans and nationwide asset-based lending to consumer finance companies. The primary industries represented by these customers include real estate rental and leasing, finance and insurance, construction, accommodation and food services, health care and social assistance, other services, manufacturing, retail trade, agriculture, forestry, fishing and hunting, and professional, scientific, and technical services. |
Certain Loans and Debt Securities Acquired in Transfer, Recognizing Interest Income on Impaired Loans, Policy [Policy Text Block] | PCD Loans The Company has purchased loans, some of which have shown evidence of credit deterioration since origination. Upon adoption of ASC 326, Park elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. Loans are only removed from the existing pools if they are written off, paid off, or sold. Upon adoption of ASC 326, the allowance for credit losses was determined for each pool and added to the pool's carrying amount to establish a new amortized cost basis. The difference between the unpaid principal balance of the pool and the new amortized cost basis is the noncredit premium or discount, which will be amortized into interest income over the remaining life of the pool. Changes to the allowance for credit losses after adoption are recorded through provision for credit losses expense. |
Allowance for Loan Losses | ACL - Loans The ACL is a valuation account that is deducted from the amortized cost of total loans to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes that the uncollectibility of a loan balance is confirmed. Expected recoveries cannot exceed the aggregate of the amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant and available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical credit loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. ACL - Loans - Collectively Evaluated The ACL is measured on a collective pool basis when similar risk characteristics exist. Park has identified the following portfolio segments and measures the allowance for credit losses using the following methods: Portfolio Segment Measurement Method Loss Driver Commercial, financial and agricultural Commercial, financial and agricultural Discounted Cash Flow Ohio Unemployment, Ohio GDP PPP loans Other Not Applicable Overdrafts Historical Loss Experience Not Applicable Commercial real estate Discounted Cash Flow Ohio Unemployment Construction real estate: Commercial Discounted Cash Flow Ohio Unemployment, Ohio GDP Retail Discounted Cash Flow Ohio Unemployment, Ohio GDP Residential real estate: Commercial Discounted Cash Flow Ohio Unemployment, Ohio HPI Mortgage Discounted Cash Flow Ohio Unemployment, Ohio HPI HELOC Discounted Cash Flow Ohio Unemployment, Ohio HPI Installment Discounted Cash Flow Ohio Unemployment, Ohio HPI Consumer: Consumer Discounted Cash Flow Ohio Unemployment, Ohio GDP GFSC Discounted Cash Flow Ohio Unemployment, Ohio GDP Check loans Historical Loss Experience Not Applicable Leases Remaining Life Not Applicable Expected credit losses are estimated over the contractual term of the loans, adjusted for prepayments when appropriate. The contractual term excludes extensions, renewals, and modifications unless renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by Park. In general, Park utilized a DCF method to estimate the quantitative portion of the allowance for credit losses for loans evaluated on a collective pooled basis. For each segment, a LDA was performed in order to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA utilized Park's own Federal Financial Institutions Examination Council's ("FFIEC") Call Report data for the commercial, financial and agricultural and residential real estate segments. Peer data was incorporated into the analysis for the commercial real estate, construction real estate, and consumer segments. In creating the DCF model, Park established a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average. Park's policy is to utilize its own data, which includes loan-level loss data from 2013 through December 31, 2023, whenever possible. Park and peer FFIEC Call Report data are utilized when there are insufficient defaults for a statistically sound calculation, or if Park does not have its own loan-level detail reflecting similar economic conditions as the forecasted loss drivers. Key inputs into the DCF model include loan-level detail, including the amortized cost basis of individual loans, payment structure, loss history, and forecasted loss drivers. Park utilizes a third party to provide economic forecasts under various scenarios, which are weighted in order to reflect model risk in the then current economic environment. The weighting of the scenarios is evaluated on a quarterly basis considering the various scenarios in the context of the then current economic environment and presumed risk of loss. Additional key assumptions in the DCF model include the PD, LGD, and prepayment/curtailment rates. When possible, Park utilizes its own PDs for the reasonable and supportable forecast period. When it is not possible to use Park's own PDs, the LDA is utilized to determine PDs based on the forecasted economic factors. In all cases, the LDA is then utilized to determine the long-term historical average, which is reached over the reversion period. When possible, Park's utilizes its own LGDs for the reasonable and supportable forecast period. When it is not possible to use Park's own LGDs, the LGD is derived using a method referred to as Frye Jacobs. The Frye Jacobs method is a mathematical formula that traces the relationship between LGD and PD over time and projects the LGD based on the level of PD forecasted. In all cases, the Frye Jacobs method is utilized to calculate LGDs during the reversion period and long-term historical average. Prepayment and curtailment rates were calculated based on Park's own data utilizing a three-year average. When the discounted cash flow method is used to determine the allowance for credit losses, management incorporates expected prepayments to determine the effective interest rate utilized to discount expected cash flow. Park reviews various internal and external factors to consider the need for any qualitative adjustments to the quantitative model. Factors considered include the following : • The nature and volume of Park’s financial assets; the existence, growth, and effect of any concentrations of credit and the volume and severity of past due financial assets, the volume of nonaccrual assets, and the volume and severity of adversely classified or graded assets. Specifically, management considers: ◦ Trends (e.g., growth, reduction) in specific categories of the loan portfolio, as well as adjustments to the types of loans offered by Park. ◦ Level of and trend in loan delinquencies, troubled loans, commercial watch list loans and nonperforming loans. ◦ Level of and trend in new nonaccrual loans. ◦ Level of and trend in loan charge-offs and recoveries. • Park's lending policies and procedures, including changes in lending strategies, underwriting standards and practices for collections, charge-offs, and recoveries. • The quality of Park’s credit review function. • The experience, ability, and depth of Park’s lending, investment, collection, and other relevant management and staff. • The effect of other external factors such as the regulatory, legal and technological environments; competition; geopolitical conflict; and events such as natural disasters or pandemics. • Actual and expected changes in international, national, regional, and local economic and business conditions and developments in the markets in which Park operates that affect the collectability of financial assets. • Where the U.S. economy is within a given credit cycle. • The extent that there is government assistance (stimulus). Allowance for Credit Losses - Loans - Individually Evaluated Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. Park has determined that any commercial loans which have been placed on nonaccrual status are to be individually evaluated. Individual analysis establishes an individual reserve for loans in scope. Reserves on individually evaluated commercial loans are typically based on management’s best estimate of the fair value of collateral securing these loans, adjusted for selling costs as appropriate. Allowance for Credit Losses - Off-Balance Sheet Credit Exposures Park estimates expected credit losses over the contractual period in which Park is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by Park. The allowance for credit losses on off-balance sheet credit exposures is adjusted within "Miscellaneous other expense" on the Consolidated Statements of Income. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over the commitments' respective estimated lives. Funding rates are based on a historical analysis of Park's portfolio, while estimates of credit losses are determined using the same loss rates as funded loans. |
Bank Owned Life Insurance | Bank Owned Life Insurance Park has purchased insurance policies on the lives of directors and certain key officers. Bank owned life insurance is recorded at its cash surrender value (or the amount that can be realized). |
Goodwill and Intangible Assets, Goodwill, Policy | Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over net identifiable tangible and intangible assets acquired in a purchase business combination. Goodwill is not amortized to expense, but is subject to impairment tests annually, or more frequently, if events or changes in circumstances indicate that the asset might be impaired, by assessing qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If after assessing these events or circumstances, it is concluded that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the performance of additional analysis is unnecessary. If the carrying amount of the goodwill exceeds the fair value, an impairment charge must be recorded in an amount equal to the excess, not to exceed the total goodwill allocated to the reporting unit. |
Premises and Equipment | Premises and Equipment Land is carried at cost and is not subject to depreciation. Premises and equipment are carried at cost, less accumulated depreciation and amortization. Depreciation is generally provided on the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the shorter of the remaining lease period or the estimated useful lives of the improvements. Upon the sale or other disposal of an asset, the cost and related accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized. Maintenance and repairs are charged to expense as incurred while renewals and improvements that extend the useful life of an asset are capitalized. Premises and equipment are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be recoverable. The range of depreciable lives over which premises and equipment are being depreciated are: Buildings 30 Years Building improvements 5 to 10 Years Equipment, furniture and fixtures 3 to 12 Years Software 3 Years or the contractual useful life of the software Leasehold improvements Shorter of the remaining lease period or the estimated useful life of the improvement |
Other Real Estate Owned (OREO) | Other Real Estate Owned Management transfers a loan to OREO at the time that Park takes deed/title to the asset. OREO is initially recorded at fair value less anticipated selling costs (net realizable value), establishing a new cost basis, and consists of property acquired through foreclosure and real estate held for sale. If the net realizable value is below the carrying value of the loan at the date of transfer, the difference is charged to the allowance for credit losses. If the net realizable value is above the carrying value of the loan at the date of transfer, any charged-off amounts are recovered and any additional amount is recorded within the line item "OREO valuation markup." These assets are subsequently accounted for at the lower of cost or fair value less costs to sell. Subsequent changes in the value of real estate are classified as OREO valuation adjustments, are reported as adjustments to the carrying amount of OREO, and recorded within the line item “Miscellaneous income". In certain circumstances where management believes the devaluation may not be permanent in nature, Park utilizes a valuation allowance to record OREO devaluations, which is expensed through the line item “Miscellaneous income". Costs relating to development and improvement of such properties are capitalized (not in excess of fair value less estimated costs to sell), and costs relating to holding the properties are charged to the line item "Miscellaneous expense". |
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block] | Foreclosed Assets Foreclosed assets include non-real estate assets where Park, as creditor, has received physical possession of a borrower’s assets, regardless of whether formal foreclosure proceedings take place. Foreclosed assets are initially recorded as fair value less costs to sell when acquired, establishing a new cost basis. Operating costs after acquisition are expensed as incurred. As of December 31, 2023 and 2022, Park had $1.1 million and $605,000, respectively, of foreclosed assets included within “Other assets.” |
Mortgage Loan Servicing Rights | Mortgage Servicing Rights When Park sells mortgage loans with servicing retained, MSRs are initially recorded at fair value with the income statement effect recorded in "Other service income". Capitalized MSRs are amortized in proportion to and over the period of the estimated future servicing income of the underlying loan and are included within “Other service income”. MSRs are assessed for impairment quarterly, based on fair value, with any impairment recognized through a valuation allowance. The fair value of MSRs is determined by discounting estimated future cash flows from the servicing assets, using market discount rates and expected future prepayment rates. In order to calculate fair value, the sold loan portfolio is stratified into homogeneous pools of like categories. (See Note 12 - Loan Servicing.) Fees received for servicing mortgage loans owned by investors are based on a percentage of the outstanding monthly principal balance of such loans and are included in income as loan payments are received. The amortization of MSRs is netted against loan servicing fee income and recorded in "Other service income". |
Lessee, Leases | Leases Management determines if an arrangement is or contains a lease at contract inception. If an arrangement is determined to be or contain a lease, Park recognizes a ROU asset and a lease liability at the lease commencement date. Leases are classified as operating or finance leases at the lease commencement date. At December 31, 2023 and 2022, all of Park's leases were classified as operating leases. Park elected the practical expedient, by class of underlying asset, to not separate non-lease components from the associated lease components. Additionally, Park has elected not to recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less. Park recognizes the lease payments associated with its short-term leases as an expense on a cash basis. Park’s lease liability is initially and subsequently measured as the present value of the unpaid lease payments at the lease commencement date. Key estimates and judgments related to the lease liability include how management determines (1) the discount rate it uses to discount the unpaid lease payments to present value, (2) the lease term, and (3) lease payments. • ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. Generally, Park's management cannot determine the interest rate implicit in a lease because it does not have access to the lessor’s estimated residual value or the amount of the lessor’s deferred initial direct costs. Therefore, Park utilizes its incremental borrowing rate as the discount rate for leases. Park’s incremental borrowing rate for a lease is the rate of interest Park would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. To manage its capital and liquidity needs, Park periodically obtains wholesale funding from the FHLB on an over-collateralized basis. The impact of utilizing an interest rate on an over-collateralized borrowing versus a fully collateralized borrowing is not material. Therefore, the FHLB yield curve was selected by Park's management as a baseline to determine Park’s discount rates for leases. • The lease term for all of Park's leases includes the noncancellable period of the lease plus any additional periods covered by either Park's option to extend (or not to terminate) the lease that Park is reasonably certain to exercise, or an option to extend (or not to terminate) the lease controlled by the lessor. If a lease contract contains multiple renewal options, Park's management generally models lease cash flows through the first renewal option period unless the contract contains economic incentives or other conditions that increase or decrease the likelihood that additional renewals are reasonably certain to be exercised. • Lease payments included in the measurement of the lease liability are comprised of the following: ◦ Fixed payments, including in-substance fixed payments, owed over the lease term; ◦ For certain of Park's gross real estate leases, non-lease components such as real estate taxes, insurance, and common area maintenance; and ◦ Variable lease payments that depend on an index or rate, initially measured using the index or rate at the lease commencement date. The ROU asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. For operating leases, the ROU asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. Lease expense for lease payments is recognized on a straight-line basis over the lease term. |
Consolidated Statement of Cash Flows | Consolidated Statements of Cash Flows Cash and cash equivalents include cash and cash items, amounts due from banks, and money market instruments. Generally, money market instruments are purchased and sold for one-day periods. |
Loss Contingencies and Guarantees | Loss Contingencies Park is routinely engaged in various litigation and other legal matters. These include defending against claims of improper loan, deposit account, and other banking practices, as well as trust and investment, intellectual property, contract, and other legal matters, and Park has a number of unresolved lawsuits and open matters pending resolution. In addition, Park is party to litigation involving the collection of delinquent accounts, challenges to security interests in collateral, foreclosure lawsuits, and similar matters which are part of, or incidental to, the ordinary course of business. While the ultimate liability with respect to these matters and claims cannot be determined at this time, management believes that losses, damages, or liabilities, if any, and other amounts relating to pending matters are not likely to be material to Park's consolidated financial position or results of operations. Reserves are established for these various litigation and other legal matters, when appropriate under FASB ASC Topic 450, Contingencies, based in part upon the advice of legal counsel. |
Income Tax, Policy [Policy Text Block] | Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. An uncertain tax position is recognized as a benefit only if it is “more-likely-than-not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The benefit recognized for a tax position that meets the “more-likely-than-not” criteria is measured based on the largest benefit that is more than 50 percent likely to be realized, taking into consideration the amounts and probabilities of the outcome upon settlement. For tax positions not meeting the “more-likely-than-not” test, no tax benefit is recorded. Park recognizes any interest and penalties related to income tax matters in income tax expense. |
Treasury Shares | Treasury Shares The purchase of Park’s common shares to be held in treasury is recorded at cost. At the date of retirement or subsequent reissuance, the treasury shares account is reduced by the weighted average cost of the common shares retired or reissued. |
Policyholders' Dividend [Policy Text Block] | Dividend Restriction Banking regulations require the maintenance of certain capital levels and may limit the dividends paid by a bank to its parent holding company or by the parent holding company to its shareholders. (See Note 25 - Dividend Restrictions and Note 28 - Capital Ratios.) |
Comprehensive Income | Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on debt securities available for sale, changes in the funded status of the Company’s defined benefit pension plan and unrealized gains and losses on cash flow hedges which are also recognized as separate components of equity. |
Stock Based Compensation | Share-Based Compensation Compensation cost is recognized for restricted stock units and stock awards issued to employees and directors, respectively, based on the fair value of these awards at the date of grant. The market price of Park’s common shares at the date of grant is used to estimate the fair value of restricted stock units and stock awards. Compensation cost is recognized on a straight-line basis over the required service period, generally defined as the vesting period and is recorded in "Salaries" expense. (See Note 20 - Share-Based Compensation.) The Company's accounting policy is to recognize forfeitures as they occur. |
Loan Commitments and Related Financial Instruments | Loan Commitments and Related Financial Instruments |
Fair Value Measurement | Fair Value Measurement Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 27 - Fair Value. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. |
Derivatives, Policy | Derivatives At the inception of a derivative contract, Park designates the derivative as one of three types based on Park's intentions and belief as to the likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation (“stand-alone derivative”). Park does not have any fair value hedges. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income (loss) and is reclassified into net income in the same periods during which the hedged transaction affects net income. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in net income, as non-interest income. Accrued settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Accrued settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the Consolidated Statements of Cash Flow under the same item as the cash flows of the items being hedged. Park formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking the hedge transaction at the inception of the hedging relationship. The documentation includes linking cash flow hedges to specific assets and liabilities on the Consolidated Balance Sheets. Park also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used are highly effective in offsetting changes in cash flows of the hedged items. Park discontinues hedge accounting when it determines that a derivative is no longer effective in offsetting cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows are still expected to occur, gains or losses that were accumulated in other comprehensive loss are amortized into net income over the same periods that the hedged transactions will affect earnings. The Company is exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position. The Company anticipates that the counterparties will be able to fully satisfy their obligations under the outstanding contracts. All the contracts to which the Company is party settle monthly or quarterly. |
Transfers and Financial Assets | Transfers of Financial Assets |
Retirement Plans | Retirement Plans Pension expense is the net of service and interest cost, return on plan assets and amortization of gains and losses not immediately recognized. The service cost component of pension expense is recorded within "Employee benefits" on the Consolidated Statements of Income. All other components of pension expense are recorded within "Other components of net periodic benefit income" on the Consolidated Statements of Income. Employee KSOP plan expense is the amount of matching contributions to Park's Employees Stock Ownership Plan. Deferred compensation and supplemental retirement plan expense allocate the benefits over years of service. (See Note 21 - Benefit Plans.) |
Earnings Per Common Share | Earnings Per Common Share Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under restricted stock unit awards. (See Note 20 - Share-Based Compensation and Note 24 - Earnings Per Common Share.) |
Segment Reporting, Policy [Policy Text Block] | Operating Segments |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of depreciable lives of premises and equipment | The range of depreciable lives over which premises and equipment are being depreciated are: Buildings 30 Years Building improvements 5 to 10 Years Equipment, furniture and fixtures 3 to 12 Years Software 3 Years or the contractual useful life of the software Leasehold improvements Shorter of the remaining lease period or the estimated useful life of the improvement |
Investment Securities (Tables)
Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of marketable securities | Debt Securities The following tables summarize the amortized cost and fair value of debt securities at December 31, 2023 and December 31, 2022 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss. (In thousands) Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value 2023: Debt Securities Available-for-Sale Obligations of states and political subdivisions $ 251,531 $ 1,173 $ 11,520 $ 241,184 U.S. Government sponsored entities’ asset-backed securities 703,645 23 68,193 635,475 Collateralized loan obligations 443,112 31 4,857 438,286 Corporate debt securities 20,482 — 2,585 17,897 Total $ 1,418,770 $ 1,227 $ 87,155 $ 1,332,842 (In thousands) Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value 2022: Debt Securities Available-for-Sale Obligations of U.S. Government sponsored entities $ 39,000 $ — $ 1,787 $ 37,213 Obligations of states and political subdivisions 423,285 1,620 18,194 406,711 U.S. Government sponsored entities’ asset-backed securities 839,399 — 82,638 756,761 Collateralized loan obligations 535,518 — 18,979 516,539 Corporate debt securities 17,650 — 1,178 16,472 Total $ 1,854,852 $ 1,620 $ 122,776 $ 1,733,696 The carrying amount of other investment securities at December 31, 2023 and 2022 was as follows: (In thousands) December 31, 2023 December 31, 2022 FHLB stock $ 17,754 $ 11,197 FRB stock 14,653 14,653 Equity investments carried at fair value 2,089 1,859 Equity investments carried at modified cost (1) 15,921 14,725 Equity investments carried at net asset value 45,885 44,657 Total other investment securities $ 96,302 $ 87,091 |
Schedule of unrealized loss on investments | The following tables provide detail on debt securities AFS in an unrealized loss position for which an allowance for credit losses had not been recorded at December 31, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses 2023: Debt Securities Available-for-Sale Obligations of states and political subdivisions $ 46,685 $ 420 $ 103,993 $ 11,100 $ 150,678 $ 11,520 U.S. Government sponsored entities’ asset-backed securities — — 634,261 68,193 634,261 68,193 Collateralized loan obligations — — 404,019 4,857 404,019 4,857 Corporate debt securities 9,530 702 8,367 1,883 17,897 2,585 Total $ 56,215 $ 1,122 $ 1,150,640 $ 86,033 $ 1,206,855 $ 87,155 Less than 12 Months 12 Months or Longer Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses 2022: Debt Securities Available-for-Sale Obligations of U.S. Government sponsored entities $ 37,213 $ 1,787 $ — $ — $ 37,213 $ 1,787 Obligations of states and political subdivisions 270,905 18,194 — — 270,905 18,194 U.S. Government sponsored entities’ asset-backed securities 446,423 27,507 310,338 55,131 756,761 82,638 Collateralized loan obligations 415,491 15,446 101,048 3,533 516,539 18,979 Corporate debt securities 7,388 862 1,684 316 9,072 1,178 Total $ 1,177,420 $ 63,796 $ 413,070 $ 58,980 $ 1,590,490 $ 122,776 |
Schedule of contractual maturity of debt securities | The amortized cost and estimated fair value of investments in debt securities at December 31, 2023, are shown in the following table by contractual maturity, except for asset-backed securities and collateralized loan obligations, which are shown as a single total, due to the unpredictability of the timing in principal repayments. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. (In thousands) Amortized Cost Fair Value Tax Equivalent Yield (1) Debt Securities Available-for-Sale Obligations of states and political subdivisions Due one through five years $ 1,510 $ 1,511 3.15 % Due five through ten years 110,685 110,449 3.47 % Due greater than ten years 139,336 129,224 3.08 % Total $ 251,531 $ 241,184 3.25 % U.S. Government sponsored entities’ asset-backed securities $ 703,645 $ 635,475 1.89 % Collateralized loan obligations $ 443,112 $ 438,286 7.30 % Corporate debt securities Due one through five years $ 2,832 $ 2,801 10.39 % Due five through ten years $ 17,650 $ 15,096 3.89 % Total $ 20,482 $ 17,897 4.79 % (1) The tax equivalent yield for obligations of states and political subdivisions includes the effects of a taxable equivalent adjustment using a 21% federal corporate income tax rate. |
Unrealized Gain (Loss) on Investments | At December 31, 2023, Park’s debt security portfolio consisted of $1.3 billion of securities, $1.2 billion of which were in an unrealized loss position with unrealized losses of $87.2 million. Of the $1.2 billion of securities in an unrealized loss position, $1.2 billion were in an unrealized loss position for 12 months or longer. Of the $87.2 million in unrealized losses, an aggregate of $68.2 million were related to Park's "U.S. Government sponsored entities' asset-backed securities" portfolio. For non-agency debt securities, Park verified that the current credit ratings remain above investment grade. Quarterly, management reviews the credit profile of each non-agency debt security and assesses whether any impairment to the contractually obligated cash flow is likely to occur. Based on these reviews, management has concluded that the underlying creditworthiness for each security remains sufficient to maintain required payment obligations and, therefore, unrealized losses have not been recognized into net income. Management does not intend to sell, and it is not more likely than not that management would be required to sell, the securities prior to their anticipated recovery in respect of the unrealized losses. Management believes the value will recover as the securities approach maturity or market interest rates change. There was no allowance for credit losses recorded for debt securities AFS at December 31, 2023 and December 31, 2022. Additionally, for the years ended December 31, 2023, 2022, and 2021, there were no credit-related investment impairment losses recognized. |
Loans (Tables)
Loans (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Schedule of composition of loan portfolio by class of loan | The composition of the loan portfolio at December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 December 31, 2022 (In thousands) Amortized Cost Amortized Cost Commercial, financial and agricultural: (1) Commercial, financial and agricultural (1) $ 1,292,025 $ 1,295,238 PPP loans 2,116 4,206 Overdrafts 1,499 1,489 Commercial real estate (1) 1,875,993 1,794,054 Construction real estate: Commercial 209,226 208,982 Retail 95,873 116,433 Residential real estate: Commercial 609,410 550,183 Mortgage 1,239,861 1,075,446 HELOC 174,349 167,151 Installment 5,904 4,091 Consumer: Consumer 1,943,869 1,902,831 Check loans 2,067 2,150 Leases 24,029 19,637 Total $ 7,476,221 $ 7,141,891 Allowance for credit losses (83,745) (85,379) Net loans $ 7,392,476 $ 7,056,512 (1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that were not broken out by class. |
Schedule of recorded investment in nonaccrual restructured and loans past due 90 days or more and accruing | The following table presents the amortized cost of nonaccrual loans and loans past due 90 days or more and still accruing, by class of loan, at December 31, 2023: December 31, 2023 (In thousands) Nonaccrual Loans Past Due Total Commercial, financial and agricultural: Commercial, financial and agricultural $ 21,284 $ 14 $ 21,298 PPP loans — — $ — Overdrafts — — $ — Commercial real estate 20,740 — $ 20,740 Construction real estate: Commercial 504 — $ 504 Retail — 26 $ 26 Residential real estate: Commercial 2,670 — $ 2,670 Mortgage 11,786 206 $ 11,992 HELOC 815 — $ 815 Installment 16 — $ 16 Consumer: Consumer 2,371 613 $ 2,984 Check loans — — $ — Leases 73 — $ 73 Total loans $ 60,259 $ 859 $ 61,118 The following table presents the amortized cost of nonaccrual loans, accruing TDRs, and loans past due 90 days or more and still accruing, by class of loan, at December 31, 2022: December 31, 2022 (In thousands) Nonaccrual Accruing Loans Past Due 90 Days or More and Accruing Total Commercial, financial and agricultural Commercial, financial and agricultural $ 38,158 $ 3,261 $ — $ 41,419 PPP loans — — 389 389 Overdrafts — — — — Commercial real estate 24,504 7,919 — 32,423 Construction real estate: Commercial 1,712 — — 1,712 Retail 1,254 12 — 1,266 Residential real estate: Commercial 1,894 298 — 2,192 Mortgage 9,260 6,750 182 16,192 HELOC 1,133 187 7 1,327 Installment 51 1,037 — 1,088 Consumer Consumer 1,022 670 703 2,395 Check loans — — — — Leases 708 — — 708 Total loans $ 79,696 $ 20,134 $ 1,281 $ 101,111 |
Financing Receivable, Nonaccrual | The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Nonaccrual Loans With No ACL Nonaccrual Loans With an ACL Related ACL Commercial, financial and agricultural: Commercial, financial and agricultural $ 8,634 $ 12,650 $ 4,985 PPP loans — — — Overdrafts — — — Commercial real estate 20,175 565 2 Construction real estate: Commercial 504 — — Retail — — — Residential real estate: Commercial 2,670 — — Mortgage — 11,786 117 HELOC — 815 25 Installment — 16 — Consumer Consumer — 2,371 672 Check loans — — — Leases 73 — — Total loans $ 32,056 $ 28,203 $ 5,801 December 31, 2022 (In thousands) Nonaccrual Loans With No ACL Nonaccrual Loans With an ACL Related ACL Commercial, financial and agricultural: Commercial, financial and agricultural $ 28,291 $ 9,867 $ 3,440 PPP loans — — — Overdrafts — — — Commercial real estate 22,965 1,539 130 Construction real estate: Commercial 1,712 — — Retail — 1,254 19 Residential real estate: Commercial 1,894 — — Mortgage — 9,260 85 HELOC — 1,133 191 Installment — 51 17 Consumer Consumer — 1,022 284 Check loans — — — Leases 680 28 9 Total loans $ 55,542 $ 24,154 $ 4,175 |
Schedule of Collateral Dependent By Class Of Loans | The following tables provide the amortized cost basis of collateral-dependent loans by class of loan, as of December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Real Estate Business Assets Other Total Commercial, financial and agricultural Commercial, financial and agricultural $ 8,137 $ 9,377 $ 3,737 $ 21,251 Commercial real estate 22,096 514 — 22,610 Construction real estate: Commercial 1,130 — — 1,130 Residential real estate: Commercial 2,910 — — 2,910 Mortgage 76 — — 76 Leases — 73 — 73 Total loans $ 34,349 $ 9,964 $ 3,737 $ 48,050 December 31, 2022 (In thousands) Real Estate Business Assets Other Total Commercial, financial and agricultural Commercial, financial and agricultural $ 8,242 $ 7,788 $ 23,125 $ 39,155 Commercial real estate 35,908 28 — 35,936 Construction real estate: Commercial 2,372 — — 2,372 Residential real estate: Commercial 2,479 — — 2,479 Mortgage 90 — — 90 HELOC — — — — Leases — 708 — 708 Total loans $ 49,091 $ 8,524 $ 23,125 $ 80,740 |
Schedule of loans individually evaluated for impairment by class of loan | The following table presents interest income recognized on nonaccrual loans for the years ended December 31, 2023, 2022 and 2021: Interest Income Recognized (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Commercial, financial and agricultural: Commercial, financial and agricultural $ 1,843 $ 438 $ 180 PPP loans — — — Overdrafts — — — Commercial real estate 781 956 1,844 Construction real estate: Commercial 65 32 39 Retail — 13 4 Residential real estate: Commercial 136 88 204 Mortgage 227 157 301 HELOC 20 16 17 Installment 3 3 2 Consumer: Consumer 97 59 106 Check loans Leases — 33 73 Total loans $ 3,172 $ 1,795 $ 2,770 |
Financing Receivable, Past Due | The following tables present the aging of the amortized cost in past due loans at December 31, 2023 and December 31, 2022 by class of loan: December 31, 2023 (In thousands) Accruing Loans Past Due Nonaccrual Loans and Loans Past Due 90 Days or More and Accruing (1) Total Past Due Total Current (2) Total Commercial, financial and agricultural: Commercial, financial and agricultural $ 522 $ 11,629 $ 12,151 $ 1,279,874 $ 1,292,025 PPP loans 9 — 9 2,107 2,116 Overdrafts — — — 1,499 1,499 Commercial real estate 1,656 1,839 3,495 1,872,498 1,875,993 Construction real estate: Commercial — 205 205 209,021 209,226 Retail 554 26 580 95,293 95,873 Residential real estate: Commercial 295 219 514 608,896 609,410 Mortgage 9,831 6,450 16,281 1,223,580 1,239,861 HELOC 788 611 1,399 172,950 174,349 Installment 52 — 52 5,852 5,904 Consumer: Consumer 8,974 1,183 10,157 1,933,712 1,943,869 Check loans 5 — 5 2,062 2,067 Leases — — — 24,029 24,029 Total loans $ 22,686 $ 22,162 $ 44,848 $ 7,431,373 $ 7,476,221 (1) Includes an aggregate of $859,000 of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans. (2) Includes an aggregate of $39.0 million of nonaccrual loans which were current in regards to contractual principal and interest payments. December 31, 2022 (in thousands) Accruing Loans Past Due Nonaccrual Loans and Loans Past Due 90 Days or More and Accruing (1) Total Past Due Total Current (2) Total Commercial, financial and agricultural Commercial, financial and agricultural $ 378 $ 9,246 $ 9,624 $ 1,285,614 $ 1,295,238 PPP loans 155 389 544 3,662 4,206 Overdrafts — — — 1,489 1,489 Commercial real estate 737 4,738 5,475 1,788,579 1,794,054 Construction real estate: Commercial 751 — 751 208,231 208,982 Retail 1,035 523 1,558 114,875 116,433 Residential real estate: Commercial 519 477 996 549,187 550,183 Mortgage 7,630 5,157 12,787 1,062,659 1,075,446 HELOC 832 587 1,419 165,732 167,151 Installment 57 4 61 4,030 4,091 Consumer Consumer 5,499 964 6,463 1,896,368 1,902,831 Check loans 2 — 2 2,148 2,150 Leases — — — 19,637 19,637 Total loans $ 17,595 $ 22,085 $ 39,680 $ 7,102,211 $ 7,141,891 (1) Includes an aggregate of $1.3 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans. (2) Includes an aggregate of $58.9 million of nonaccrual loans which were current in regards to contractual principal and interest payments. |
Financing Receivable Credit Quality Indicators | Based on the most recent analysis performed, the risk category of loans by class of loans as of December 31, 2023 and December 31, 2022 are detailed in the tables below. Also included in the table detailing balances at December 31, 2023 are gross charge offs for the year ended December 31, 2023. December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Commercial, financial and agricultural (1) Risk rating Pass $ 204,601 $ 149,386 $ 118,992 $ 93,495 $ 38,205 $ 45,814 $ 600,301 $ 1,250,794 Special Mention 530 1,549 435 128 252 2 16,260 19,156 Substandard 149 894 1,041 1,133 143 582 7,427 11,369 Doubtful — — 39 1,771 96 7,848 952 10,706 Total $ 205,280 $ 151,829 $ 120,507 $ 96,527 $ 38,696 $ 54,246 $ 624,940 $ 1,292,025 Current period gross charge-offs $ — $ 13 $ 73 $ — $ 5 $ 52 $ 19 $ 162 Commercial, financial and agricultural: PPP Risk rating Pass $ — $ — $ 925 $ 1,191 $ — $ — $ — $ 2,116 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ — $ 925 $ 1,191 $ — $ — $ — $ 2,116 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate (1) Risk rating Pass $ 278,922 $ 322,096 $ 334,452 $ 318,473 $ 204,740 $ 347,389 $ 17,174 $ 1,823,246 Special Mention 2,092 2,951 4,637 7,629 — 13,043 98 30,450 Substandard 1,828 1,589 2,509 2,668 3,406 7,495 1,584 21,079 Doubtful 889 — — — — 329 — 1,218 Total $ 283,731 $ 326,636 $ 341,598 $ 328,770 $ 208,146 $ 368,256 $ 18,856 $ 1,875,993 Current period gross charge-offs $ 224 $ — $ — $ — $ — $ 530 $ — $ 754 Construction real estate: Commercial Risk rating Pass $ 89,283 $ 77,988 $ 7,480 $ 18,195 $ 1,090 $ 2,718 $ 11,342 $ 208,096 Special Mention — — — — — — — — Substandard 831 236 63 — — — — 1,130 Doubtful — — — — — — — — Total $ 90,114 $ 78,224 $ 7,543 $ 18,195 $ 1,090 $ 2,718 $ 11,342 $ 209,226 Current period gross charge-offs $ 546 $ — $ — $ — $ — $ — $ — $ 546 December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Residential Real Estate: Commercial Risk rating Pass $ 128,589 $ 104,008 $ 105,225 $ 117,442 $ 49,797 $ 71,489 $ 23,535 $ 600,085 Special Mention — 333 623 1,964 914 1,578 — 5,412 Substandard 195 560 159 1,192 16 1,601 190 3,913 Doubtful — — — — — — — — Total $ 128,784 $ 104,901 $ 106,007 $ 120,598 $ 50,727 $ 74,668 $ 23,725 $ 609,410 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Leases Risk rating Pass $ 11,440 $ 4,404 $ 2,197 $ 1,941 $ 356 $ 623 $ — $ 20,961 Special Mention 731 1,564 391 297 10 2 — 2,995 Substandard — — — — 67 6 — 73 Doubtful — — — — — — — — Total $ 12,171 $ 5,968 $ 2,588 $ 2,238 $ 433 $ 631 $ — $ 24,029 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total Commercial Loans Risk rating Pass $ 712,835 $ 657,882 $ 569,271 $ 550,737 $ 294,188 $ 468,033 $ 652,352 $ 3,905,298 Special Mention 3,353 6,397 6,086 10,018 1,176 14,625 16,358 58,013 Substandard 3,003 3,279 3,772 4,993 3,632 9,684 9,201 37,564 Doubtful 889 — 39 1,771 96 8,177 952 11,924 Total $ 720,080 $ 667,558 $ 579,168 $ 567,519 $ 299,092 $ 500,519 $ 678,863 $ 4,012,799 Current period gross charge-offs $ 770 $ 13 $ 73 $ — $ 5 $ 582 $ 19 $ 1,462 (1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class. December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Commercial, financial and agricultural (1) Risk rating Pass $ 197,497 $ 198,999 $ 142,487 $ 60,845 $ 32,887 $ 47,135 $ 546,237 $ 1,226,087 Special Mention 700 313 918 315 4 35 25,536 27,821 Substandard 1,101 18 2,737 226 1,836 8,424 26,464 40,806 Doubtful — — 3 77 80 172 192 524 Total $ 199,298 $ 199,330 $ 146,145 $ 61,463 $ 34,807 $ 55,766 $ 598,429 $ 1,295,238 Commercial, financial and agricultural: PPP Risk rating Pass $ — $ 1,875 $ 2,331 $ — $ — $ — $ — $ 4,206 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ — $ 1,875 $ 2,331 $ — $ — $ — $ — $ 4,206 December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate (1) Risk rating Pass $ 323,235 $ 374,763 $ 372,653 $ 220,072 $ 107,467 $ 305,539 $ 14,052 $ 1,717,781 Special Mention 199 3,256 3,388 5,863 16,059 22,220 150 51,135 Substandard 7,856 1,427 3,007 3,561 856 5,471 428 22,606 Doubtful — — — — 1,941 591 — 2,532 Total $ 331,290 $ 379,446 $ 379,048 $ 229,496 $ 126,323 $ 333,821 $ 14,630 $ 1,794,054 Construction real estate: Commercial Risk rating Pass $ 107,976 $ 40,534 $ 21,556 $ 2,686 $ 1,428 $ 3,015 $ 29,183 $ 206,378 Special Mention — — 232 — — — — 232 Substandard 652 800 260 — 660 — — 2,372 Doubtful — — — — — — — — Total $ 108,628 $ 41,334 $ 22,048 $ 2,686 $ 2,088 $ 3,015 $ 29,183 $ 208,982 Residential Real Estate: Commercial Risk rating Pass $ 107,086 $ 120,303 $ 147,802 $ 56,980 $ 33,140 $ 63,499 $ 15,191 $ 544,001 Special Mention — 92 1,477 440 — 1,625 — 3,634 Substandard 610 449 264 29 304 553 339 2,548 Doubtful — — — — — — — — Total $ 107,696 $ 120,844 $ 149,543 $ 57,449 $ 33,444 $ 65,677 $ 15,530 $ 550,183 Leases Risk rating Pass $ 7,629 $ 3,310 $ 3,347 $ 1,167 $ 981 $ 605 $ — $ 17,039 Special Mention 1,085 614 130 60 — — — 1,889 Substandard — — 464 111 12 26 — 613 Doubtful — — — 96 — — — 96 Total $ 8,714 $ 3,924 $ 3,941 $ 1,434 $ 993 $ 631 $ — $ 19,637 Total Commercial Loans Risk rating Pass $ 743,423 $ 739,784 $ 690,176 $ 341,750 $ 175,903 $ 419,793 $ 604,663 $ 3,715,492 Special Mention 1,984 4,275 6,145 6,678 16,063 23,880 25,686 84,711 Substandard 10,219 2,694 6,732 3,927 3,668 14,474 27,231 68,945 Doubtful — — 3 173 2,021 763 192 3,152 Total $ 755,626 $ 746,753 $ 703,056 $ 352,528 $ 197,655 $ 458,910 $ 657,772 $ 3,872,300 (1) Included within each of commercial, financial and agricultural loans and commercial real estate loans is an immaterial amount of consumer loans that are not broken out by class. Park considers the performance of the loan portfolio and its impact on the allowance for credit losses. For residential and consumer loan classes, Park also evaluates credit quality based on the aging status of the loan, which was previously presented, and by performing status. The following tables present the amortized cost in residential and consumer loans based on performing status. Also included in the table detailing loan balances at December 31, 2023 are gross charge offs for the year ended December 31, 2023. After the adoption of ASU 2022-02 on January 1, 2023, nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing. Prior to the adoption of ASU 2022-02, nonperforming loans consisted of nonaccrual loans, accruing TDRs and loans past due 90 days or more and still accruing. December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Overdrafts Performing $ 1,499 $ — $ — $ — $ — $ — $ — $ 1,499 Nonperforming — — — — — — — — Total $ 1,499 $ — $ — $ — $ — $ — $ — $ 1,499 Current period gross charge-offs $ 1,064 $ — $ — $ — $ — $ — $ — $ 1,064 Construction Real Estate: Retail Performing $ 52,904 $ 24,219 $ 7,709 $ 4,251 $ 3,604 $ 2,891 $ 269 $ 95,847 Nonperforming — — — 26 — — — 26 Total $ 52,904 $ 24,219 $ 7,709 $ 4,277 $ 3,604 $ 2,891 $ 269 $ 95,873 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential Real Estate: Mortgage Performing $ 209,315 $ 259,076 $ 218,417 $ 177,518 $ 80,627 $ 282,916 $ — $ 1,227,869 Nonperforming 197 1,144 1,172 406 581 8,492 — 11,992 Total $ 209,512 $ 260,220 $ 219,589 $ 177,924 $ 81,208 $ 291,408 $ — $ 1,239,861 Current period gross charge-offs $ — $ — $ — $ — $ — $ 35 $ — $ 35 Residential Real Estate: HELOC Performing $ 99 $ 205 $ 379 $ 98 $ 221 $ 1,838 $ 170,694 $ 173,534 Nonperforming — — — — 32 603 180 815 Total $ 99 $ 205 $ 379 $ 98 $ 253 $ 2,441 $ 170,874 $ 174,349 Current period gross charge-offs $ — $ — $ — $ — $ — $ 9 $ — $ 9 Residential Real Estate: Installment Performing $ 2,225 $ 162 $ — $ 3 $ 144 $ 3,354 $ — $ 5,888 Nonperforming — — — — — 16 — 16 Total $ 2,225 $ 162 $ — $ 3 $ 144 $ 3,370 $ — $ 5,904 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer: Consumer Performing $ 627,985 $ 613,019 $ 319,161 $ 214,714 $ 81,446 $ 65,955 $ 18,605 $ 1,940,885 Nonperforming 395 891 654 435 216 389 4 2,984 Total $ 628,380 $ 613,910 $ 319,815 $ 215,149 $ 81,662 $ 66,344 $ 18,609 $ 1,943,869 Current period gross charge-offs $ 560 $ 3,517 $ 2,371 $ 763 $ 545 $ 480 $ 6 $ 8,242 Consumer: Check loans Performing $ — $ — $ — $ — $ — $ — $ 2,067 $ 2,067 Nonperforming — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 2,067 $ 2,067 Current period gross charge-offs — — — — — — 51 51 Total Consumer Loans Performing $ 894,027 $ 896,681 $ 545,666 $ 396,584 $ 166,042 $ 356,954 $ 191,635 $ 3,447,589 Nonperforming 592 2,035 1,826 867 829 9,500 184 15,833 Total $ 894,619 $ 898,716 $ 547,492 $ 397,451 $ 166,871 $ 366,454 $ 191,819 $ 3,463,422 Current period gross charge-offs $ 1,624 $ 3,517 $ 2,371 $ 763 $ 545 $ 524 $ 57 $ 9,401 December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Commercial, financial and agricultural: Overdrafts Performing $ 1,489 $ — $ — $ — $ — $ — $ — $ 1,489 Nonperforming — — — — — — — — Total $ 1,489 $ — $ — $ — $ — $ — $ — $ 1,489 Construction Real Estate: Retail Performing $ 71,923 $ 26,134 $ 8,218 $ 4,619 $ 1,618 $ 2,580 $ 75 $ 115,167 Nonperforming 731 — 523 — — 12 — 1,266 Total $ 72,654 $ 26,134 $ 8,741 $ 4,619 $ 1,618 $ 2,592 $ 75 $ 116,433 Residential Real Estate: Mortgage Performing $ 207,093 $ 227,131 $ 192,904 $ 90,014 $ 55,648 $ 286,464 $ — $ 1,059,254 Nonperforming — — 700 650 518 14,324 — 16,192 Total $ 207,093 $ 227,131 $ 193,604 $ 90,664 $ 56,166 $ 300,788 $ — $ 1,075,446 Residential Real Estate: HELOC Performing $ 140 $ 299 $ 23 $ 130 $ 141 $ 1,957 $ 163,134 $ 165,824 Nonperforming — — 43 100 — 999 185 1,327 Total $ 140 $ 299 $ 66 $ 230 $ 141 $ 2,956 $ 163,319 $ 167,151 Residential Real Estate: Installment Performing $ 187 $ — $ 1 $ 241 $ 62 $ 2,512 $ — $ 3,003 Nonperforming — — 7 2 16 1,063 — 1,088 Total $ 187 $ — $ 8 $ 243 $ 78 $ 3,575 $ — $ 4,091 Consumer: Consumer Performing $ 823,484 $ 462,014 $ 333,391 $ 150,348 $ 61,219 $ 65,614 $ 4,366 $ 1,900,436 Nonperforming 440 489 424 365 157 520 — 2,395 Total $ 823,924 $ 462,503 $ 333,815 $ 150,713 $ 61,376 $ 66,134 $ 4,366 $ 1,902,831 Consumer: Check loans Performing $ — $ — $ — $ — $ — $ — $ 2,150 $ 2,150 Nonperforming — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 2,150 $ 2,150 Total Consumer Loans Performing $ 1,104,316 $ 715,578 $ 534,537 $ 245,352 $ 118,688 $ 359,127 $ 169,725 $ 3,247,323 Nonperforming 1,171 489 1,697 1,117 691 16,918 185 22,268 Total $ 1,105,487 $ 716,067 $ 536,234 $ 246,469 $ 119,379 $ 376,045 $ 169,910 $ 3,269,591 |
Financing Receivable, Modified [Table Text Block] | The following table presents the amortized cost basis of loans at December 31, 2023 that were both experiencing financial difficulty and modified during the year ended December 31, 2023 by class of and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented below. Year ended December 31, 2023 (Dollars in thousands) Principal Forgiveness Payment Delay Term Extension Interest Rate Reduction Combination Term Extension and Interest Rate Reduction Other Total Percent of Total Class of Financing Receivable Commercial, financial and agricultural: Commercial, financial and agricultural $ — $ — $ 11,866 $ 371 $ 363 $ 9 $ 12,609 0.98 % PPP loans — — — — — — — — % Overdrafts — — — — — — — — % Commercial real estate — — 2,458 — — — 2,458 0.13 % Construction real estate: Commercial — — 831 — — — 831 0.40 % Retail — — — — — — — — % Residential real estate: Commercial — — 10 — 144 — 154 0.03 % Mortgage — — — — 428 — 428 0.03 % HELOC — — — — — — — — % Installment — — 448 — 299 — 747 12.65 % Consumer: Consumer — — — 32 — — 32 — % Check loans — — — — — — — — % Leases — — — — — — — — % Total $ — $ — $ 15,613 $ 403 $ 1,234 $ 9 $ 17,259 0.23 % The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the year ended December 31, 2023: Year ended December 31, 2023 (Dollars in thousands) Weighted Average Interest Rate Reduction Weighted Average Term Extension (years) Commercial, financial and agricultural: Commercial, financial and agricultural (1.64) % 0.8 PPP loans — % 0.0 Overdrafts — % 0.0 Commercial real estate — % 4.1 Construction real estate: Commercial — % 1.6 Retail — % 0.0 Residential real estate: Commercial (2.75) % 1.4 Mortgage (2.34) % 0.5 HELOC — % 0.0 Installment (1.00) % 12.1 Consumer: Consumer (2.52) % 0.0 Check loans — % 0.0 Leases — % 0.0 Total (1.82) % 1.8 |
Financing Receivable, Modified, Subsequent Default | The following table presents the performance of such loans that have been modified in the last 12 months: Year ended December 31, 2023 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Commercial, financial and agricultural: Commercial, financial and agricultural $ — $ — $ — $ — PPP loans — — — — Overdrafts — — — — Commercial real estate 219 — — 219 Construction real estate: — Commercial — 205 — 205 Retail — — — — Residential real estate: — Commercial — — — — Mortgage — — — — HELOC — — — — Installment 20 — — 20 Consumer: — Consumer — — — — Check loans — — — — Leases — — — — Total loans $ 239 $ 205 $ — $ 444 The following table presents the amortized cost basis of loans that had a payment default during the year ended December 31, 2023 and were modified in the year prior to that default to borrowers experiencing financial difficulty. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms: Year ended December 31, 2023 (In thousands) Term Extension Interest Rate Reduction Combination Term Extension and Interest Rate Reduction Other Commercial, financial and agricultural: Commercial, financial and agricultural $ — $ — $ — $ 9 PPP loans — — — — Overdrafts — — — — Commercial real estate 219 — — — Construction real estate: Commercial 205 — — — Retail — — — — Residential real estate: Commercial — — 144 — Mortgage — — 133 — HELOC — — — — Installment 20 — — — Consumer: Consumer — — — — Check loans — — — — Leases — — — — Total loans $ 444 $ — $ 277 $ 9 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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, 2023, 2022, and 2021 is summarized in the following tables. 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 Year ended December 31, 2021 (In thousands) Commercial, financial and agricultural Commercial real estate Construction real estate Residential real estate Consumer Leases Total Allowance for credit losses: Beginning balance $ 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 957 35 — 49 4,052 — 5,093 Recoveries (639) (802) (2,299) (941) (3,759) (1) (8,441) Net charge-offs (recoveries) 318 (767) (2,299) (892) 293 (1) (3,348) Recovery of credit losses (3,008) (900) (1,931) (3,952) (1,764) (361) (11,916) Ending balance $ 14,025 $ 25,466 $ 5,758 $ 11,424 $ 26,286 $ 238 $ 83,197 |
Schedule of the composition of the allowance for loan losses | The composition of the ACL at December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 (In thousands) Commercial, Commercial Construction Residential Consumer Leases Total ACL: Ending allowance balance attributed to loans: Individually evaluated for impairment $ 4,980 $ 3 $ — $ — $ — $ — $ 4,983 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: Loans individually evaluated for impairment $ 21,228 $ 20,740 $ 504 $ 2,670 $ — $ 73 $ 45,215 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: Loans individually evaluated for impairment 23.46 % 0.01 % — % — % — % — % 11.02 % 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 % December 31, 2022 (In thousands) Commercial, Commercial Construction Residential 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 Accruing 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 Accruing 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 % Accruing loans acquired with deteriorated credit quality — % — % — % — % — % — % — % Total 1.31 % 0.99 % 1.71 % 0.94 % 1.47 % 0.82 % 1.20 % |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | The following table shows the activity in goodwill and other intangible assets for the years ended December 31, 2023, 2022 and 2021. (In thousands) Goodwill Other Total January 1, 2021 $ 159,595 $ 9,260 $ 168,855 Amortization — 1,798 1,798 December 31, 2021 $ 159,595 $ 7,462 $ 167,057 Amortization — 1,487 1,487 December 31, 2022 $ 159,595 $ 5,975 $ 165,570 Amortization — 1,323 1,323 December 31, 2023 $ 159,595 $ 4,652 $ 164,247 |
Schedule of Finite-Lived Intangible Assets | The following table shows the balance of acquired intangible assets as of December 31, 2023 and 2022. 2023 2022 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Other intangible assets: Core deposit intangibles $ 14,456 $ 9,804 $ 14,456 $ 8,481 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The following is a schedule of estimated core deposit intangibles amortization expense for each of the next five years: (In thousands) Total 2024 $ 1,215 2025 1,042 2026 887 2027 754 2028 618 |
Foreclosed and Repossessed As_2
Foreclosed and Repossessed Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other Assets [Abstract] | |
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Table Text Block] [Text Block] | Foreclosed and Repossessed Assets Park typically transfers a loan to OREO at the time that Park takes deed/title to the real estate property asset. The carrying amount of foreclosed real estate properties held at December 31, 2023 and December 31, 2022 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates. (In thousands) December 31, 2023 December 31, 2022 OREO: Commercial real estate $ 983 $ 1,354 Residential real estate — — Total OREO $ 983 $ 1,354 Loans in process of foreclosure: Residential real estate $ 1,957 $ 1,614 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Schedule of major categories of premises and equipment | The major categories of premises and equipment and accumulated depreciation are summarized as follows: December 31 (In thousands) 2023 2022 Land $ 22,176 $ 22,139 Buildings 98,472 97,510 Equipment, furniture and fixtures 79,662 77,446 Leasehold improvements 5,684 3,575 Software 29,518 28,665 Total $ 235,512 $ 229,335 Less accumulated depreciation (161,301) (147,209) Premises and equipment, net $ 74,211 $ 82,126 |
Schedule of Property Subject to or Available for Operating Lease | Park records operating lease assets where Park acts as the lessor within "Other assets" on the Consolidated Balance Sheets. Equipment subject to lease agreements at December 31, 2023 and 2022 is summarized below: December 31 (In thousands) 2023 2022 Equipment $ 4,691 $ 4,427 Less accumulated depreciation (2,385) (3,162) Leased assets, net $ 2,306 $ 1,265 |
Investments in Qualified Affo_2
Investments in Qualified Affordable Housing (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments in Affordable Housing Projects [Abstract] | |
Activity in Affordable Housing Program Obligation | The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments as of December 31, 2023 and 2022. (In thousands) December 31, 2023 December 31, 2022 Affordable housing tax credit investments $ 62,703 $ 60,968 Unfunded commitments 28,768 28,132 |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Deposits [Abstract] | |
Deposit Liabilities, Type | At December 31, 2023 and 2022, non-interest bearing and interest bearing deposits were as follows: December 31 (In thousands) 2023 2022 Non-interest bearing $ 2,628,234 $ 3,074,276 Interest bearing 5,414,332 5,160,439 Total $ 8,042,566 $ 8,234,715 |
Schedule of maturities of time deposits | The table below details the maturities of time deposits at December 31, 2023. Time deposits below include $165.0 million of brokered deposits. (In thousands) 2024 $ 659,791 2025 91,375 2026 24,776 2027 20,828 2028 9,828 After 5 years 2 Total $ 806,600 |
Repurchase Agreement Borrowin_2
Repurchase Agreement Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Transfers of Financial Assets Accounted for as Secured Borrowings [Abstract] | |
Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table Text Block] | The following table presents the carrying value of Park's repurchase agreement borrowings by remaining contractual maturity and collateral pledged at December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30 - 90 days Greater than 90 days Total U.S. government sponsored entities' asset-backed securities $ 108,182 $ — $ — $ — $ 108,182 December 31, 2022 (In thousands) Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30 - 90 days Greater than 90 days Total U.S. government sponsored entities' asset-backed securities $ 227,342 $ — $ — $ — $ 227,342 |
Short Term Borrowings (Tables)
Short Term Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Short-Term Debt [Abstract] | |
Schedule of short-term debt | Short-Term Borrowings Short-term borrowings were as follows: December 31 (In thousands) 2023 2022 Securities sold under agreements to repurchase $ 108,182 $ 227,342 FHLB advances 220,000 — Total short-term borrowings $ 328,182 $ 227,342 The outstanding balances for all short-term borrowings as of December 31, 2023 and 2022 and the weighted-average interest rates as of and paid during each of the years then ended were as follows: (In thousands) Repurchase agreements FHLB Advances 2023 Ending balance $ 108,182 $ 220,000 Highest month-end balance 218,126 247,000 Average daily balance 146,388 36,634 Weighted-average interest rate: As of year-end 1.88 % 5.44 % Paid during the year 1.76 % 5.83 % 2022 Ending balance $ 227,342 $ — Highest month-end balance 227,342 25,000 Average daily balance 199,813 7,195 Weighted-average interest rate: As of year-end 1.39 % N.A. Paid during the year (1) 0.57 % 0.04 % (1) Interest rate swaps with notional amounts of zero at December 31, 2022 (the swap was paid off during 2022) were designated as cash flow hedges of certain FHLB advances. Including interest expense related to the swaps, the weighted average interest rate paid during the year ended December 31, 2022 on FHLB advances was 3.62%. During 2022 and 2023, outstanding FHLB advances were collateralized by investment securities owned by PNB and by various loans pledged under a blanket agreement by PNB. At December 31, 2023 and December 31, 2022, $5.2 million and $6.8 million, respectively, of investment securities were pledged as collateral for FHLB advances. At December 31, 2023 and December 31, 2022, $1,959 million and $1,832 million, respectively, of commercial real estate and residential mortgage loans were pledged under a blanket agreement to the FHLB by PNB. See Note 15 - Repurchase Agreement Borrowings for information related to investment securities collateralizing repurchase agreements. |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of maturities of long-term debt | Long-Term Debt Park did not have long-term borrowings at either December 31, 2023 or December 31, 2022. On June 20, 2019, Park issued a $50 million term note to U.S. Bank National Association. This term note had a maturity date of June 21, 2022 and accrued interest at a floating rate of one-month LIBOR plus 1.65%. On August 2, 2021, Park prepaid the outstanding balance of $27.5 million of the term note to U.S. Bank National Association. |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments | Summary information about Park's interest rate swaps as of December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 December 31, 2022 (In thousands, except weighted average data) Loan Loan Notional amounts $ 18,199 $ 21,700 Weighted average pay rates 4.517 % 4.553 % Weighted average receive rates 4.517 % 4.553 % Weighted average maturity (years) 6.5 7.9 Unrealized losses $ — $ — |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table reflects the interest rate swaps included in the Consolidated Balance Sheets as of December 31, 2023 and 2022: (In thousands) December 31, 2023 December 31, 2022 Notional Amount Fair Value Notional Amount Fair Value Included in "Other assets": Loan derivatives - instruments associated with loans Matched interest rate swaps with borrower $ — $ — $ — $ — Matched interest rate swaps with counterparty 18,199 1,069 21,700 1,508 Total included in "Other assets" $ 18,199 $ 1,069 $ 21,700 $ 1,508 Included in "Other liabilities": Loan derivatives - instruments associated with loans Matched interest rate swaps with borrower $ 18,199 $ (1,069) $ 21,700 $ (1,508) Matched interest rate swaps with counterparty — — — — Total included in "Other liabilities" $ 18,199 $ (1,069) $ 21,700 $ (1,508) |
Share Based Compensation (Table
Share Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Share-based Payment Arrangement, Restricted Stock Unit, Activity | A summary of changes in the common shares subject to nonvested PBRSUs for the years ended December 31, 2023 and 2022 follows: Common shares subject to PBRSUs Nonvested at January 1, 2022 211,819 Granted 52,335 Vested (55,464) Forfeited (8,406) Adjustment for performance conditions of PBRSUs (1) (634) Nonvested at January 1, 2023 199,650 Granted 54,698 Vested (62,815) Forfeited (4,597) Adjustment for performance conditions of PBRSUs (1) — Nonvested at December 31, 2023 (2) 186,936 (1) The number of PBRSUs earned depends on the level of achievement with respect to certain performance criteria. Adjustment herein represents the difference between the maximum number of common shares which could be earned and the actual number earned for those PBRSUs as to which the performance period was completed. (2) Nonvested amount herein represents the maximum number of nonvested PBRSUs. As of December 31, 2023, an aggregate of 184,199 PBRSUs are expected to vest. A summary of awards that vested during the twelve months ended December 31, 2023 and 2022 follows: Twelve Months Ended 2023 2022 PBRSU and TBRSU vested 62,815 55,464 Common shares withheld to satisfy employee income tax withholding obligations 23,973 21,219 Net common shares issued 38,842 34,245 |
Share-based Payment Arrangement, Nonvested Award, Cost | The following table details expected additional share-based compensation expense related to PBRSUs outstanding at December 31, 2023: (In thousands) 2024 $ 4,393 2025 2,885 2026 1,206 2027 194 Total $ 8,678 |
Benefit Plan (Tables)
Benefit Plan (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | Using accrual measurement dates of December 31, 2023 and 2022, plan assets and benefit obligation activity for the Pension Plan are listed below: (In thousands) 2023 2022 Change in fair value of plan assets Fair value at beginning of measurement period $ 209,138 $ 263,473 Actual return on plan assets 34,764 (37,319) Benefits paid (11,008) (17,016) Fair value at end of measurement period $ 232,894 $ 209,138 Change in benefit obligation Projected benefit obligation at beginning of measurement period $ 127,394 $ 182,964 Service cost 6,236 9,749 Interest cost 6,523 5,705 Plan amendments — 558 Actuarial loss (gain) 10,072 (54,566) Benefits paid (11,008) (17,016) Projected benefit obligation at the end of measurement period $ 139,217 $ 127,394 Funded status at end of year (fair value of plan assets less benefit obligation) $ 93,677 $ 81,744 |
Schedule of allocation of plan assets | The asset allocation for the Pension Plan as of each measurement date, by asset category, was as follows: Percentage of Plan Assets Asset category Target Allocation 2023 2022 Equity securities 50% - 100% 85 % 84 % Fixed income and cash equivalents remaining balance 15 % 16 % Total 100 % 100 % |
Schedule of assumptions used to determine benefit obligations | The weighted average assumptions used to determine benefit obligations at December 31, 2023, 2022 and 2021 were as follows: 2023 2022 2021 Discount rate 5.14 % 5.32 % 3.23 % Rate of compensation increase Under age 25 (under age 30 for 2022 and 2021) 7.50 % 8.25 % 8.25 % Ages 25-29 (ages 30-39 for 2022 and 2021) 7.00 % 6.00 % 6.00 % Ages 30-34 (ages 40-49 for 2022 and 2021) 6.75 % 5.00 % 5.00 % Ages 35-39 (ages 50-54 for 2022 and 2021) 6.00 % 4.25 % 4.25 % Ages 40-44 (ages 55-59 for 2022 and 2021) 5.25 % 3.75 % 3.75 % Ages 45-54 (ages 60-64 for 2022 and 2021) 4.75 % 3.50 % 3.50 % Ages 55-69 (ages 65 and over for 2022 and 2021) 3.75 % 3.25 % 3.25 % Ages 70 and over (for 2023) 3.00 % N/A N/A Interest crediting rate 3.89 % 4.07 % N/A |
Schedule of estimated future pension benefit Payments | The estimated future pension benefit payments reflecting expected future service for the next ten years are shown below (in thousands): 2024 $ 10,966 2025 11,164 2026 11,246 2027 11,245 2028 10,896 2029-2033 54,844 Total $ 110,361 |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) | The following table shows ending balances of accumulated other comprehensive income (loss) at December 31, 2023 and 2022. (In thousands) 2023 2022 Prior service cost $ (388) $ (436) Net actuarial gain (loss) 2,529 (8,020) Total 2,141 (8,456) Deferred tax (liability) asset (449) 1,776 Accumulated other comprehensive income (loss) $ 1,692 $ (6,680) |
Schedule of components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) | Using actuarial measurement dates of December 31 for 2023, 2022 and 2021, components of net periodic benefit income (loss) and other amounts recognized in other comprehensive income (loss) were as follows: (In thousands) 2023 2022 2021 Affected Line Item in the Consolidated Statements of Income Components of net periodic benefit income (loss) and other amounts recognized in other comprehensive income (loss) Service cost $ (6,236) $ (9,749) $ (9,916) Employee benefits Interest cost (6,523) (5,705) (5,359) Other components of net periodic benefit income Expected return on plan assets 14,143 17,798 15,731 Other components of net periodic benefit income Recognized net actuarial loss and prior service cost (48) 15 (2,220) Other components of net periodic benefit income Net periodic benefit income (loss) $ 1,336 $ 2,359 $ (1,764) Net actuarial gain (loss) and prior service credit (cost) $ 10,549 $ (1,109) $ 34,019 Amortization of net loss (gain) 48 (15) 2,220 Total recognized in other comprehensive income (loss) 10,597 (1,124) 36,239 Total recognized in net benefit income (loss) and other comprehensive income (loss) $ 11,933 $ 1,235 $ 34,475 |
Schedule of assumptions used to determine costs | The weighted average assumptions used to determine net periodic benefit income (loss) for the years ended December 31, 2023, 2022 and 2021 are listed below: 2023 2022 2021 Discount rate 5.32 % 3.23 % 3.00 % Rate of compensation increase Under age 30 8.25 % 8.25 % 8.25 % Ages 30-39 6.00 % 6.00 % 6.00 % Ages 40-49 5.00 % 5.00 % 5.00 % Ages 50-54 4.25 % 4.25 % 4.25 % Ages 55-59 3.75 % 3.75 % 3.75 % Ages 60-64 3.50 % 3.50 % 3.50 % Ages 65 and over 3.25 % 3.25 % 3.25 % Expected long-term return on plan assets 6.92 % 6.92 % 7.00 % |
Schedule of Changes in Fair Value of Plan Assets | The fair value of the plan assets at December 31, 2023 and December 31, 2022, by asset class, is as follows. Fair Value Measurements Fair Value Measurements at December 31, 2023, Using at December 31, 2022, Using (In thousands) (Level 1) (Level 2) (Level 1) (Level 2) Interest-bearing account $ 1,395 $ 4,758 $ 1,959 $ 3,910 Mutual funds 49,740 — 46,093 — U.S. Government agency obligations — 12,466 — 12,513 Corporate bonds — 15,572 — 12,562 Common stocks 148,963 — 132,101 — Total $ 200,098 $ 32,796 $ 180,153 $ 28,985 |
Schedule of Net Benefit Costs | The expense for the Corporation was as follows: (In thousands) 2023 2022 2021 Affected Line Item in the Consolidated Service cost $ 1,224 $ 1,091 $ 1,345 Employee benefits Interest cost 567 564 510 Miscellaneous expense Total SERP expense $ 1,791 $ 1,655 $ 1,855 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred tax assets and liabilities | Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Corporation’s deferred tax assets and liabilities are as follows: December 31 (In thousands) 2023 2022 Deferred tax assets: Allowance for credit losses $ 18,248 $ 18,615 Accumulated other comprehensive loss – Pension Plan — 1,776 Accumulated other comprehensive loss – Unrealized losses on debt securities AFS 18,045 25,443 Deferred compensation 6,177 6,255 OREO valuation adjustments 100 11 Net deferred loan fees 1,384 1,898 Deferred contract bonus 205 317 Nonvested equity-based compensation 3,019 2,827 Net operating loss ("NOL") carryforward 2,222 2,654 Capital loss carryforward — 299 Fixed assets 1,243 510 Operating lease liability 3,620 4,206 Other 1,759 1,950 Total deferred tax assets $ 56,022 $ 66,761 Deferred tax liabilities: Accumulated other comprehensive gain – Pension Plan $ 449 $ — Deferred investment income 2,455 4,890 Pension Plan 19,962 19,678 MSRs 3,196 3,445 Partnership adjustments 1,540 884 Purchase accounting adjustments 807 952 Operating lease right-of-use asset 3,426 3,837 Lessor adjustments 2,308 2,325 Other 614 565 Total deferred tax liabilities $ 34,757 $ 36,576 Net deferred tax asset $ 21,265 $ 30,185 |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for federal income taxes are shown below: December 31, (In thousands) 2023 2022 2021 Currently payable Federal $ 18,118 $ 22,574 $ 28,726 State 1,190 1,180 1,382 Amortization of qualified affordable housing projects 8,265 7,743 7,313 Deferred Federal (708) 464 (3,006) State 5 147 (125) Total $ 26,870 $ 32,108 $ 34,290 |
Schedule of income tax rate reconciliation | The following is a reconciliation of income tax expense to the amount computed at the statutory federal corporate income tax rate of 21% for the years ended December 31, 2023, 2022 and 2021. 2023 2022 2021 Statutory federal corporate income tax rate 21.0 % 21.0 % 21.0 % Changes in rates resulting from: Tax exempt interest income, net of disallowed interest (1.9) % (1.6) % (1.2) % Bank owned life insurance (0.7) % (0.7) % (0.5) % Investments in qualified affordable housing projects, net of tax benefits (1.0) % (0.8) % (0.8) % KSOP dividend deduction (0.6) % (0.5) % (0.5) % Other 0.7 % 0.4 % 0.2 % Effective Tax Rate 17.5 % 17.8 % 18.2 % |
Schedule of Unrecognized Tax Benefits Roll Forward | The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits. (In thousands) 2023 2022 2021 January 1 Balance $ 69 $ 339 $ 633 Additions based on tax positions related to the current year 47 — — Additions for tax positions of prior years 52 25 10 Reductions due to statute of limitations (23) (295) (304) December 31 Balance $ 145 $ 69 $ 339 |
Other Comprehensive Income (Tab
Other Comprehensive Income (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of components of other comprehensive income (loss) | Accumulated Other Comprehensive Income (Loss) Other comprehensive income (loss) components, net of income tax, are shown in the following table for the years ended December 31, 2023, 2022 and 2021. (in thousands) Changes in Pension Plan assets and benefit obligations Unrealized (losses) gains on AFS debt securities Unrealized net holding loss on cash flow hedge Total Beginning balance at January 1, 2023 $ (6,680) $ (95,714) $ — $ (102,394) Other comprehensive income before reclassifications 8,334 21,610 — 29,944 Amounts reclassified from accumulated other comprehensive income 38 6,221 — 6,259 Net current period other comprehensive income $ 8,372 $ 27,831 $ — $ 36,203 Ending balance at December 31, 2023 $ 1,692 $ (67,883) $ — $ (66,191) Beginning balance at January 1, 2022 $ (5,792) $ 21,153 $ (206) $ 15,155 Other comprehensive (loss) income before reclassifications (876) (116,867) 154 (117,589) Amounts reclassified from accumulated other comprehensive loss (12) — 52 40 Net current period other comprehensive (loss) income $ (888) $ (116,867) $ 206 $ (117,549) Ending balance at December 31, 2022 $ (6,680) $ (95,714) $ — $ (102,394) Beginning balance at January 1, 2021 $ (34,421) $ 40,690 $ (698) $ 5,571 Other comprehensive income (loss) before reclassifications 26,875 (19,537) 492 7,830 Amounts reclassified from accumulated other comprehensive income 1,754 — — 1,754 Net current period other comprehensive income (loss) $ 28,629 $ (19,537) $ 492 $ 9,584 Ending balance at December 31, 2021 $ (5,792) $ 21,153 $ (206) $ 15,155 The following table provides information concerning amounts reclassified out of accumulated other comprehensive (loss) income for the years ended December 31, 2023, 2022 and 2021: Amount Reclassified from Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Consolidated Statements of Income (In thousands) 2023 2022 2021 Amortization of defined benefit pension items Amortization of prior service cost (credit) $ 48 $ (15) $ (15) Employee benefits Amortization of net actuarial loss — — 2,235 Employee benefits Income (loss) before income taxes 48 (15) 2,220 Income before income taxes Income tax effect 10 (3) 466 Income taxes Net of income tax $ 38 $ (12) $ 1,754 Net income Unrealized losses on AFS debt securities Net loss on the sale of debt securities $ 7,875 $ — $ — Loss on the sale of debt securities, net Loss before income taxes 7,875 — — Income before income taxes Income tax effect 1,654 — — Income taxes Net of income tax $ 6,221 $ — $ — Net income Unrealized net holding loss on cash flow hedge Loss due to early termination of borrowing interest rate swap $ — $ 66 $ — Miscellaneous expense Loss before income taxes — 66 — Income before income taxes Income tax effect — 14 — Income taxes Net of income tax $ — $ 52 $ — Net income |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of computation of basic and diluted earnings per common share | The following table sets forth the computation of basic and diluted earnings per common share: Year ended December 31 2023 2022 2021 Numerator: Net income $ 126,734 $ 148,351 $ 153,945 Denominator: Weighted-average common shares outstanding 16,163,500 16,246,009 16,291,016 Effect of dilutive PBRSUs and TBRSUs 86,519 119,300 134,190 Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs 16,250,019 16,365,309 16,425,206 Earnings per common share: Basic earnings per common share $ 7.84 $ 9.13 $ 9.45 Diluted earnings per common share $ 7.80 $ 9.06 $ 9.37 |
Financial Instruments With Of_2
Financial Instruments With Off-Balance Sheet Risk and Financial Instruments With Concentrations of Credit Risk (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Risks and Uncertainties [Abstract] | |
Schedule of off-balance sheet financial instruments with credit risk | The total amounts of off-balance sheet financial instruments with credit risk were as follows: December 31 (In thousands) 2023 2022 Loan commitments $ 1,527,577 $ 1,416,699 Standby letters of credit 31,261 30,468 |
Loan Servicing (Tables)
Loan Servicing (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Transfers and Servicing of Financial Assets [Abstract] | |
Schedule of servicing assets at amortized value | Activity for MSRs and the related valuation allowance follows: December 31 (In thousands) 2023 2022 2021 MSRs: Carrying amount, net, beginning of year $ 15,792 $ 15,264 $ 12,210 Additions 535 1,455 4,945 Amortization (1,759) (2,313) (3,512) Change in valuation allowance 88 1,386 1,621 Carrying amount, net, end of year $ 14,656 $ 15,792 $ 15,264 Valuation allowance: Beginning of year $ 182 $ 1,568 $ 3,189 Change in valuation allowance (88) (1,386) (1,621) End of year $ 94 $ 182 $ 1,568 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Lease, Cost | Other information related to operating leases for the years ended December 31, 2023, 2022 and 2021 follows: (In thousands) Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Lease cost Operating lease cost $ 2,874 $ 3,073 $ 2,827 Sublease income (273) (252) (253) Total lease cost $ 2,601 $ 2,821 $ 2,574 Other information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,630 $ 3,116 $ 3,199 ROU assets obtained in exchange for new operating lease liabilities $ 545 $ 7,867 $ 1,190 Reductions to ROU assets resulting from reductions to lease obligations $ (3,062) $ (2,812) $ (2,865) |
Lessee, Operating Lease, Liability, Maturity | Undiscounted cash flows included in lease liabilities at December 31, 2023 have expected contractual payments as follows: (In thousands) December 31, 2023 2024 $ 2,495 2025 2,169 2026 2,107 2027 2,014 2028 2,027 Thereafter 9,435 Total undiscounted minimum lease payments $ 20,247 Less: imputed interest (3,642) Total lease liabilities $ 16,605 |
Fair Value (Tables)
Fair Value (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of financial assets and liabilities measured on a recurring basis | The following tables present assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements at December 31, 2023 using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2023 Assets Investment securities: Obligations of states and political subdivisions $ — $ 241,184 $ — $ 241,184 U.S. Government sponsored entities’ asset-backed securities — 635,475 — 635,475 Collateralized loan obligations — 438,286 — 438,286 Corporate debt securities — 11,548 6,349 17,897 Equity securities 1,616 — 473 2,089 Mortgage loans held for sale — 3,235 — 3,235 Mortgage IRLCs — 87 — 87 Loan interest rate swaps — 1,069 — 1,069 Liabilities Fair value swap $ — $ — $ 123 $ 123 Loan interest rate swaps — 1,069 — 1,069 Fair Value Measurements at December 31, 2022 using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2022 Assets Investment securities: Obligations of U.S. Government sponsored entities $ — $ 37,213 $ — $ 37,213 Obligations of states and political subdivisions — 406,711 — 406,711 U.S. Government sponsored entities’ asset-backed securities — 756,761 — 756,761 Collateralized loan obligations — 516,539 — 516,539 Corporate debt securities — 9,472 7,000 16,472 Equity securities 1,420 — 439 1,859 Mortgage loans held for sale — 2,149 — 2,149 Mortgage IRLCs — 46 — 46 Loan interest rate swaps — 1,508 — 1,508 Liabilities Fair value swap $ — $ — $ 243 $ 243 Loan interest rate swaps — 1,508 — 1,508 The following methods and assumptions were used by the Company in determining the fair value of the financial assets and liabilities discussed above: Interest rate swaps: The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date (Level 2). Investment securities: Fair values for investment securities are based on quoted market prices, where available (Level 1). If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows (Level 3). Fair value swap: The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses and is classified as Level 3. Mortgage interest rate lock commitments: Mortgage IRLCs are based on current secondary market pricing and are classified as Level 2. Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using market prices for similar product types and, therefore, are classified in Level 2. |
Schedule of reconciliation of level 3 input for financial instruments measured on recurring basis | for the years ended December 31, 2023 and 2022, for financial instruments measured on a recurring basis and classified as Level 3: Level 3 Fair Value Measurements (In thousands) Corporate debt securities Equity securities Fair value swap Balance at January 1, 2023 $ 7,000 $ 439 $ (243) Transfers into (out of) level 3, net 11 — — Total gains / (losses) Included in other income / other (expense) — 34 (175) Included in other comprehensive income (662) — — Purchases, sales, issuances and settlements, other, net — — 295 Balance at December 31, 2023 $ 6,349 $ 473 $ (123) Balance at January 1, 2022 $ — $ 499 $ (226) Total losses Included in other income / other (expense) — (60) (221) Transfers into level 3 7,000 — — Purchases, sales, issuances and settlements, other, net — — 204 Balance at December 31, 2022 $ 7,000 $ 439 $ (243) |
Schedule of assets and liabilities measured at fair value on a nonrecurring basis | Fair Value Measurements at December 31, 2023 Using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2023 Individually evaluated collateral dependent loans recorded at fair value: Commercial real estate $ — $ — $ 2,315 $ 2,315 Residential real estate — — 182 182 Total individually evaluated collateral dependent loans recorded at fair value $ — $ — $ 2,497 $ 2,497 MSRs $ — $ 866 $ — $ 866 OREO recorded at fair value: Commercial real estate $ — $ — $ 938 $ 938 Total OREO recorded at fair value $ — $ — $ 938 $ 938 Fair Value Measurements at December 31, 2022 Using: (In thousands) Level 1 Level 2 Level 3 Balance at December 31, 2022 Individually evaluated collateral dependent loans recorded at fair value: Commercial real estate $ — $ — $ 5,573 $ 5,573 Residential real estate — — 200 200 Total individually evaluated collateral dependent loans recorded at fair value $ — $ — $ 5,773 $ 5,773 MSRs $ — $ 1,717 $ — $ 1,717 OREO recorded at fair value $ — $ — $ — $ — |
Impaired Financing Receivables [Table Text Block] | December 31, 2023 (In thousands) Loan Prior Charge-Offs Specific Valuation Allowance Carrying Balance Total individually evaluated collateral dependent loans recorded at fair value $ 2,499 $ 2,048 $ 2 $ 2,497 Remaining individually evaluated loans 42,716 301 4,981 37,735 Total individually evaluated loans $ 45,215 $ 2,349 $ 4,983 $ 40,232 December 31, 2022 (In thousands) Recorded Investment Prior Charge-Offs Specific Valuation Allowance Carrying Balance Total individually evaluated collateral dependent loans recorded at fair value $ 5,903 $ 1,523 $ 130 $ 5,773 Remaining individually evaluated loans 72,438 252 3,436 69,002 Total individually evaluated loans $ 78,341 $ 1,775 $ 3,566 $ 74,775 |
Schedule of qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis | The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2023 and December 31, 2022: December 31, 2023 (In thousands) Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) Individually evaluated collateral dependent loans: Commercial real estate $ 2,315 Sales comparison approach Adj to comparables 0.2% - 89.0% (21.2%) Income approach Capitalization rate 7.5% - 9.5% (8.9%) Residential real estate $ 182 Sales comparison approach Adj to comparables 1.2% - 78.6% (7.6%) Other real estate owned: Commercial real estate $ 938 Sales comparison approach Adj to comparables 5.0% - 10.0% (7.5%) Cost approach Entrepreneurial profit 5.0% (5.0%) Cost approach Accumulated depreciation 50.0% (50.0%) December 31, 2022 (In thousands) Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) Individually evaluated collateral dependent loans: Commercial real estate $ 5,573 Sales comparison approach Adj to comparables 0.0% - 202.0% (19.4%) Income approach Capitalization rate 7.0% - 10.0% (7.9%) Cost approach Entrepreneurial profit 10.0% - 12.0% (11.4%) Cost approach Accumulated depreciation 38.8% (38.8%) Residential real estate $ 200 Sales comparison approach Adj to comparables 1.9% - 119.8% (17.4%) |
Fair value, by balance sheet grouping | December 31, 2023 and December 31, 2022 was as follows: December 31, 2023 Fair Value Measurements (In thousands) Carrying value Level 1 Level 2 Level 3 Total fair value Financial assets: Cash and money market instruments $ 218,268 $ 218,268 $ — $ — $ 218,268 Investment securities (1) 1,332,842 — 1,326,493 6,349 1,332,842 Other investment securities (2) 2,089 1,616 — 473 2,089 Mortgage loans held for sale 3,235 — 3,235 — 3,235 Mortgage IRLCs 87 — 87 — 87 Individually evaluated loans carried at fair value 2,497 — — 2,497 2,497 Other loans, net 7,386,657 — — 7,200,851 7,200,851 Loans receivable, net $ 7,392,476 $ — $ 3,322 $ 7,203,348 $ 7,206,670 Financial liabilities: Time deposits $ 641,615 $ — $ 641,180 $ — $ 641,180 Brokered deposits and Bid Ohio CDs 164,985 — 165,059 — 165,059 Other 1,261 1,261 — — 1,261 Deposits (excluding demand deposits) $ 807,861 $ 1,261 $ 806,239 $ — $ 807,500 Short-term borrowings $ 328,182 $ — $ 328,182 $ — $ 328,182 Subordinated notes 189,147 — 172,059 — 172,059 Derivative financial instruments - assets: Loan interest rate swaps $ 1,069 $ — $ 1,069 $ — $ 1,069 Derivative financial instruments - liabilities: Fair value swap $ 123 $ — $ — $ 123 $ 123 Loan interest rate swaps 1,069 — 1,069 — 1,069 (1) Includes debt securities AFS. (2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient. December 31, 2022 Fair Value Measurements (In thousands) Carrying value Level 1 Level 2 Level 3 Total fair value Financial assets: Cash and money market instruments $ 189,728 $ 189,728 $ — $ — $ 189,728 Investment securities (1) 1,733,696 — 1,726,696 7,000 1,733,696 Other investment securities (2) 1,859 1,420 — 439 1,859 Mortgage loans held for sale 2,149 — 2,149 — 2,149 Mortgage IRLCs 46 — 46 — 46 Individually evaluated loans carried at fair value 5,773 — — 5,773 5,773 Other loans, net 7,048,544 — — 6,918,326 6,918,326 Loans receivable, net $ 7,056,512 $ — $ 2,195 $ 6,924,099 $ 6,926,294 Financial liabilities: Time deposits $ 554,445 $ — $ 552,443 $ — $ 552,443 Other 1,325 1,325 — — 1,325 Deposits (excluding demand deposits) $ 555,770 $ 1,325 $ 552,443 $ — $ 553,768 Short-term borrowings $ 227,342 $ — $ 227,342 $ — $ 227,342 Subordinated notes 188,667 — 177,928 — 177,928 Derivative financial instruments - assets: Loan interest rate swaps $ 1,508 $ — $ 1,508 $ — $ 1,508 Derivative financial instruments - liabilities: Fair value swap $ 243 $ — $ — $ 243 $ 243 Loan interest rate swaps 1,508 — 1,508 — 1,508 (1) Includes debt securities AFS. (2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient. |
Capital Ratios (Tables)
Capital Ratios (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Banking Regulation, Total Capital [Abstract] | |
Schedule of compliance with regulatory capital requirements under banking regulations | The following table indicates the capital ratios for PNB and Park at December 31, 2023 and 2022. As of December 31, 2023 Leverage Tier 1 Common Equity Tier 1 Total PNB 9.11 % 10.95 % 10.95 % 12.35 % Park 10.74 % 12.97 % 12.79 % 16.19 % Adequately capitalized ratio 4.00 % 6.00 % 4.50 % 8.00 % Adequately capitalized ratio plus capital conservation buffer 4.00 % 8.50 % 7.00 % 10.50 % Well-capitalized ratio - PNB 5.00 % 8.00 % 6.50 % 10.00 % Well-capitalized ratio - Park N/A 6.00 % N/A 10.00 % As of December 31, 2022 Leverage Tier 1 Common Equity Tier 1 Total PNB 8.34 % 10.69 % 10.69 % 12.15 % Park 9.90 % 12.76 % 12.57 % 16.07 % Adequately capitalized ratio 4.00 % 6.00 % 4.50 % 8.00 % Adequately capitalized ratio plus capital conservation buffer 4.00 % 8.50 % 7.00 % 10.50 % Well-capitalized ratio - PNB 5.00 % 8.00 % 6.50 % 10.00 % Well-capitalized ratio - Park N/A 6.00 % N/A 10.00 % |
Schedule of various measures of capital ratio | The following table reflects various measures of capital for Park and PNB: To Be Adequately Capitalized To Be Well-Capitalized (In thousands) Actual Amount Ratio Amount Ratio Amount Ratio At December 31, 2023 Total Risk-Based Capital PNB $ 1,005,211 12.35 % $ 651,130 8.00 % $ 813,913 10.00 % Park 1,323,588 16.19 % 654,197 8.00 % 817,747 10.00 % Tier 1 Risk-Based Capital PNB $ 891,363 10.95 % $ 488,348 6.00 % $ 651,130 8.00 % Park 1,060,593 12.97 % 490,648 6.00 % 490,648 6.00 % Leverage Ratio PNB $ 891,363 9.11 % $ 391,376 4.00 % $ 489,220 5.00 % Park 1,060,593 10.74 % 395,131 4.00 % N/A N/A Common Equity Tier 1 PNB $ 891,363 10.95 % $ 366,261 4.50 % $ 529,043 6.50 % Park 1,045,593 12.79 % 367,986 4.50 % N/A N/A At December 31, 2022 Total Risk-Based Capital PNB $ 965,470 12.15 % $ 635,769 8.00 % $ 794,711 10.00 % Park 1,283,409 16.07 % 639,102 8.00 % 798,877 10.00 % Tier 1 Risk-Based Capital PNB $ 849,886 10.69 % $ 476,827 6.00 % $ 635,769 8.00 % Park 1,019,149 12.76 % 479,326 6.00 % 479,326 6.00 % Leverage Ratio PNB $ 849,886 8.34 % $ 407,836 4.00 % $ 509,795 5.00 % Park 1,019,149 9.90 % 411,838 4.00 % N/A N/A Common Equity Tier 1 PNB 849,886 10.69 % 357,620 4.50 % 516,562 6.50 % Park 1,004,149 12.57 % 359,495 4.50 % N/A N/A |
Parent Company Statements (Tabl
Parent Company Statements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Condensed Financial Information Disclosure [Abstract] | |
Balance Sheets | Condensed Balance Sheets December 31, 2023 and 2022 (In thousands) 2023 2022 Assets: Cash $ 282,151 $ 274,464 Investment in subsidiaries 1,007,342 941,826 Debentures receivable from PNB 25,000 25,000 Other receivables from subsidiaries 1,160 — Other investments 1,170 1,177 Other assets 35,610 36,636 Total assets $ 1,352,433 $ 1,279,103 Liabilities: Subordinated notes $ 189,147 $ 188,667 Other payables to subsidiaries 455 3,625 Other liabilities 17,538 17,585 Total liabilities $ 207,140 $ 209,877 Total shareholders’ equity $ 1,145,293 $ 1,069,226 Total liabilities and shareholders’ equity $ 1,352,433 $ 1,279,103 |
Statements of Income | Condensed Statements of Income for the years ended December 31, 2023, 2022 and 2021 (In thousands) 2023 2022 2021 Income: Dividends from subsidiaries $ 110,000 $ 120,000 $ 115,500 Interest and dividends 1,678 1,250 1,250 Other 163 2,478 2,016 Total income 111,841 123,728 118,766 Expense: Interest expense $ 9,383 $ 8,833 $ 8,887 Other, net 9,536 10,504 10,707 Total expense 18,919 19,337 19,594 Income before income taxes and equity in undistributed income of subsidiaries $ 92,922 $ 104,391 $ 99,172 Income tax benefit 4,196 5,142 4,897 Income before equity in undistributed income of subsidiaries 97,118 109,533 104,069 Equity in undistributed income of subsidiaries 29,616 38,818 49,876 Net income $ 126,734 $ 148,351 $ 153,945 Other comprehensive income (loss) (1) 36,203 (117,549) 9,584 Comprehensive income $ 162,937 $ 30,802 $ 163,529 (1) See Consolidated Statements of Comprehensive Income for other comprehensive income (loss) detail. |
Statements of Cash Flows | Statements of Cash Flows for the years ended December 31, 2023, 2022 and 2021 (In thousands) 2023 2022 2021 Operating activities: Net income $ 126,734 $ 148,351 $ 153,945 Adjustments to reconcile net income to net cash provided by operating activities: Undistributed income of subsidiaries (29,616) (38,818) (49,876) Compensation expense for issuance of treasury shares to directors 1,223 1,320 1,676 Share-based compensation expense 6,787 5,879 6,345 Loss (gain) on equity securities, net 151 207 (1,218) Decrease (increase) in other assets 828 (2,514) 8,249 (Decrease) increase in other liabilities (2,752) 4,896 (2,407) Net cash provided by operating activities 103,355 119,321 116,714 Investing activities: Proceeds from sales of securities 1,370 — 934 Purchase of equity securities (2,195) (9,165) — Other, net (31) 144 2,332 Net cash (used in) provided by investing activities (856) (9,021) 3,266 Financing activities: Cash dividends paid (68,951) (76,604) (74,306) Repayment of long-term debt — — (32,500) Repurchase of common shares to be held as treasury shares (23,017) — (16,048) Cash payment for fractional shares — (2) (6) Value of common shares withheld to pay employee income taxes (2,844) (2,761) (2,403) Net cash used in financing activities (94,812) (79,367) (125,263) Increase (decrease) in cash 7,687 30,933 (5,283) Cash at beginning of year 274,464 243,531 248,814 Cash at end of year $ 282,151 $ 274,464 $ 243,531 |
Revenue from Contract with Cu_2
Revenue from Contract with Customer (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue [Table Text Block] | The following table presents the Corporation's sources of other income by revenue stream for the years ended December 31, 2023, 2022, and 2021: Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Revenue by Operating Segment (in thousands) PRK PRK PRK Income from fiduciary activities Personal trust and agency accounts $ 10,297 10,091 10,264 Employee benefit and retirement-related accounts 9,894 9,698 9,705 Investment management and investment advisory agency accounts 13,242 12,442 12,620 Other 2,041 1,860 1,860 Service charges on deposit accounts Non-sufficient funds (NSF) fees 3,744 6,095 5,244 Demand deposit account (DDA) charges 4,229 3,439 3,074 Other 472 557 514 Other service income (1) Credit card 2,799 2,808 2,563 HELOC 369 397 389 Installment 177 163 148 Real estate 5,795 9,952 24,907 Commercial 1,160 1,975 1,805 Debit card fee income 26,522 26,046 25,865 Bank owned life insurance income (2) 5,338 6,100 4,897 ATM fees 2,178 2,273 2,379 (Loss) gain on the sale of OREO, net (3) 5,611 (4) OREO valuation markup 60 12,039 64 Loss on the sale of debt securities, net (2) (7,875) — — Gain on equity securities, net (2) 971 2,955 5,011 Other components of net periodic pension benefit income (2) 7,572 12,108 8,152 Miscellaneous (3) 3,652 9,326 10,487 Total other income $ 92,634 $ 135,935 $ 129,944 (1) "Other Service Income" totaled $10.3 million, $15.3 million, and $29.8 million for the years ended December 31, 2023, 2022, and 2021, respectively. Of this aggregate service revenue, approximately, $5.2 million, $5.6 million, and $5.3 million is within the scope of ASC 606, with the remaining $5.1 million, $9.7 million, and $24.5 million consisting primarily of residential real estate loan fees which are out of scope for each respective year. (2) Not within the scope of ASC 606. (3) "Miscellaneous" income includes brokerage income, safe deposit box rentals, and miscellaneous bank fees totaling $3.7 million, $9.3 million, and $10.5 million for the years ended December 31, 2023, 2022, and 2021, respectively, all of which are within the scope of ASC 606 . |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Financing Receivable [Policy Text Block] | Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred loan fees and costs. Interest income is accrued on the unpaid principal balance. Accrued interest receivable totaled $28.5 million and $22.3 million at December 31, 2023 and 2022, respectively, and was reported in "Accrued interest receivable" on the Consolidated Balance Sheets. Late charges on loans are recognized as income when they are collected. Net loan origination fees and costs are deferred and recognized in interest income using the level-yield method without anticipating prepayments. Commercial loans include: (1) commercial, financial and agricultural loans; (2) commercial real estate loans; (3) those commercial loans in the construction real estate loan segment; (4) those commercial loans in the residential real estate loan segment; and (5) leases. Consumer loans include: (1) mortgage and installment loans included in the construction real estate segment; (2) mortgage, home equity lines of credit ("HELOCs"), and installment loans included in the residential real estate segment; and (3) all loans included in the consumer segment. Generally, commercial loans are placed on nonaccrual status at 90 days past due and consumer and residential mortgage loans are placed on nonaccrual status at 120 days past due. The delinquency status of a loan is based on contractual terms and not on how recently payments have been received. Park’s charge-off policy for commercial loans requires management to establish an individual reserve or record a charge-off when collection is in doubt and there is, or likely will be, a collateral shortfall related to the estimated value of the collateral securing a loan. The Company’s charge-off policy for consumer loans is dependent on the class of the loan. Residential mortgage loans, HELOCs, and consumer loans secured by residential real estate are typically charged down to the value of the collateral, less estimated selling costs, at 180 days past due. The charge-off policy for other consumer loans, primarily installment loans, requires a monthly review of delinquent loans and a complete charge-off for any account that reaches 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans which are on nonaccrual status, it is Park’s policy to reverse interest previously accrued on the loans against interest income. Interest on such loans may be recorded on a cash basis and be included in earnings only when Park expects to receive the entire recorded investment of the respective loans. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. A description of each segment of the loan portfolio, along with the risk characteristics of each segment, is included below: Commercial, financial and agricultural: Commercial, financial and agricultural ("C&I") loans are made for a wide variety of general corporate purposes, including financing for commercial and industrial properties, financing for equipment, inventory and accounts receivable, acquisition financing, commercial leasing, and loans originated by consumer finance companies. The term of each commercial loan varies by its purpose. Repayment terms are structured such that commercial loans will be repaid within the economic useful life of the underlying asset. Risk of loss on C&I loans largely depends upon general economic cycles, as they may adversely impact certain industries, competency of the borrower's management team, the quality of the underlying assets supporting the loans including accounts receivable, inventory, and equipment, and the accuracy of the borrower's financial reporting. Such risks are mitigated by generally requiring the borrower's owners to guaranty the loans. Commercial real estate: Commercial real estate (“CRE”) loans include mortgage loans to developers and owners of commercial real estate. The lending policy for CRE loans is designed to address the unique risk attributes of CRE lending. The collateral for these CRE loans is the underlying commercial real estate. Risk of loss on CRE loans largely depends upon the cash flow of the properties, which is influenced by the amount of vacancy experienced with respect to underlying real estate, the credit capacity of the tenants occupying the underlying real estate, and general economic trends, as they may adversely impact the value of a property. These risks are mitigated by generally requiring personal guarantees of the owners of the properties and by requiring appraisals pursuant to government regulations. Construction real estate : The Company defines construction loans as both commercial construction loans and residential construction loans where the loan proceeds are used exclusively for the improvement of real estate. Construction loans may be in the form of a permanent loan or a short-term construction loan, depending on the needs of the individual borrower. Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost (including interest) of construction. If the estimate of construction cost proves to be inaccurate, Park may be required to advance funds beyond the amount originally committed to permit completion of the project. If the estimate of value proves inaccurate, Park may be confronted, at or prior to the maturity of the loan, with a project having a value insufficient to assure full repayment, should the borrower default. In the event that a default on a construction loan occurs and foreclosure follows, Park must take control of the project and attempt to either arrange for completion of construction or dispose of the unfinished project. Additional risks exist with respect to loans made to developers who do not have a buyer for the property, as the developer may lack funds to pay the loan if the property is not sold upon completion. Park attempts to reduce such risks on loans to developers by generally requiring personal guarantees and reviewing current personal financial statements and tax returns as well as other projects undertaken by the developer. Residential real estate: The Company defines residential real estate loans as first mortgages on individuals’ primary residences or second mortgages on individuals’ primary residences in the form of HELOCs or installment loans. Credit approval for residential real estate loans requires demonstration of sufficient income to repay the principal and interest and the real estate taxes and insurance, stable employment, an established credit record and a current independent third-party appraisal providing the market value of the real estate securing the loan. Residential real estate loans typically have longer terms and higher balances with lower yields as compared to consumer loans, but generally carry lower risks of default. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires creditors to make a reasonable and good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling. Documentation and verification of income within defined time frames and not-to-exceed limits are bases for affirming ability to repay. Risk of loss largely depends upon factors affecting the borrower's ability to repay as well as the general economic trends as they may adversely impact the value of the property. These risks are mitigated by completing a comprehensive underwriting of the borrower and by requiring appraisals pursuant to government regulations. Consumer: The Company originates direct and indirect consumer loans, primarily automobile, recreational vehicle and watercraft loans, to customers in the Company's primary market areas. Credit approval for consumer loans requires income sufficient to repay principal and interest due, stable employment, an established credit record and sufficient collateral for secured loans. Consumer loans typically have shorter terms and lower balances with higher yields as compared to real estate mortgage loans, but generally carry higher risks of default. Consumer loan collections are dependent on the borrower’s financial stability, and thus are more likely to be affected by adverse personal circumstances. Leases | |
Accounting Policies [Line Items] | ||
Other Repossessed Assets | $ 1,100,000 | $ 605,000 |
Loans Receivable [Member] | ||
Accounting Policies [Line Items] | ||
Interest Receivable | 28,500,000 | 22,300,000 |
Available-for-sale Securities [Member] | ||
Accounting Policies [Line Items] | ||
Interest Receivable | $ 10,600,000 | $ 12,400,000 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Depreciable Lives of Premises and Equipment (Details) | Dec. 31, 2023 |
Minimum | Building [Member] | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 30 years |
Minimum | Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 3 years |
Minimum | Leasehold Improvements [Member] | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 5 years |
Minimum | Software and Software Development Costs | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 3 years |
Maximum | Building [Member] | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 30 years |
Maximum | Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 12 years |
Maximum | Leasehold Improvements [Member] | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 10 years |
Maximum | Software and Software Development Costs | |
Property, Plant and Equipment [Line Items] | |
Premises and equipment, depreciable lives | 3 years |
Adoption of New Accounting Pr_2
Adoption of New Accounting Pronouncements and Issued Not Yet Effective Accounting Standards (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 83,745,000 | $ 85,379,000 | $ 83,197,000 | $ 85,675,000 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 1,145,293,000 | 1,069,226,000 | ||
Non performing loan decrease ASU Impact | 20,100,000 | |||
Individually evaluated loans decrease ASU impact | 11,500,000 | |||
Cumulative Effect, Period of Adoption, Adjustment | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 383,000 | 6,090,000 | ||
Retained Earnings | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 903,877,000 | 847,235,000 | $ 776,294,000 | 704,764,000 |
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (303,000) | |||
Retained Earnings | Cumulative Effect, Period of Adoption, Adjusted Balance | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 846,932,000 | 696,808,000 | ||
Accounting Standards Update 2016-13 | Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ (7,956,000) | |||
Accounting Standards Update 2022-02 | Cumulative Effect, Period of Adoption, Adjustment | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 383,000 | |||
Deferred Tax Assets, Tax Deferred Expense | 80,000 | |||
Accounting Standards Update 2022-02 | Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 303,000 |
Investment Securities (Details)
Investment Securities (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment [Line Items] | |||
Other than Temporary Impairment Losses, Investments | $ 0 | $ 0 | $ 0 |
Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity [Table Text Block] | $ 0 | ||
Percentage of amount greater than shareholder's equity | 10% | ||
Debt Securities, Available for Sale, Sold at Gain, Amortized Cost Amount | 0 | 0 | |
Debt Securities, Available for Sale, Sold at Loss, Amortized Cost Amount | $ 291,000,000 | ||
Debt Securities, Available-for-sale, Realized Loss | 7,875,000 | 0 | 0 |
Gain on equity securities, net | 971,000 | 2,955,000 | 5,011,000 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,150,640,000 | 413,070,000 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss | 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,206,855,000 | 1,590,490,000 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 87,155,000 | 122,776,000 | |
Debt Securities, Available-for-sale | 1,332,842,000 | 1,733,696,000 | |
Debt Securities, Available-for-sale, Amortized Cost | 1,418,770,000 | 1,854,852,000 | |
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount | 0 | 871,000 | |
Payments to Acquire Federal Home Loan Bank Stock | 18,228,000 | 0 | 0 |
Deposits | |||
Investment [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 416,000,000 | 433,800,000 | |
Securities Sold under Agreements to Repurchase [Member] | |||
Investment [Line Items] | |||
Debt Securities, Available-for-sale | 180,800,000 | 313,100,000 | |
Debt Securities, Available-for-sale, Amortized Cost | 180,800,000 | 313,100,000 | |
Federal Home Loan Bank Advances [Member] | |||
Investment [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 5,200,000 | 6,800,000 | |
US Government-sponsored Enterprises Debt Securities | |||
Investment [Line Items] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 37,213,000 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 1,787,000 | ||
Debt Securities, Available-for-sale | 37,213,000 | ||
Debt Securities, Available-for-sale, Amortized Cost | 39,000,000 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Investment [Line Items] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 634,261,000 | 310,338,000 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 634,261,000 | 756,761,000 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 68,193,000 | 82,638,000 | |
Debt Securities, Available-for-sale | 635,475,000 | 756,761,000 | |
Debt Securities, Available-for-sale, Amortized Cost | 703,645,000 | 839,399,000 | |
Obligations of U.S. Treasury and other U.S. Government sponsored entities | |||
Investment [Line Items] | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 68,200,000 | ||
Investments [Member] | |||
Investment [Line Items] | |||
Gain on equity securities, net | $ 600,000 | $ 601,000 | $ 552,000 |
Investment Securities - Schedul
Investment Securities - Schedule of Marketable Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 1,418,770 | $ 1,854,852 |
Gross Unrealized/Unrecognized Holding Gains | 1,227 | 1,620 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 87,155 | 122,776 |
Debt Securities, Available-for-sale | 1,332,842 | 1,733,696 |
Obligations of States and Political Subdivisions | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 251,531 | 423,285 |
Gross Unrealized/Unrecognized Holding Gains | 1,173 | 1,620 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 11,520 | 18,194 |
Debt Securities, Available-for-sale | 241,184 | 406,711 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 703,645 | 839,399 |
Gross Unrealized/Unrecognized Holding Gains | 23 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 68,193 | 82,638 |
Debt Securities, Available-for-sale | 635,475 | 756,761 |
Corporate Debt Securities | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 20,482 | 17,650 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 2,585 | 1,178 |
Debt Securities, Available-for-sale | 17,897 | 16,472 |
Collateralized Loan Obligations | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 443,112 | 535,518 |
Gross Unrealized/Unrecognized Holding Gains | 31 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 4,857 | 18,979 |
Debt Securities, Available-for-sale | $ 438,286 | 516,539 |
US Government-sponsored Enterprises Debt Securities | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 39,000 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 1,787 | |
Debt Securities, Available-for-sale | $ 37,213 |
Investment Securities - Sched_2
Investment Securities - Schedule of unrealized loss on investments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 56,215 | $ 1,177,420 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,122 | 63,796 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,150,640 | 413,070 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 86,033 | 58,980 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,206,855 | 1,590,490 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 87,155 | 122,776 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 446,423 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 27,507 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 634,261 | 310,338 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 68,193 | 55,131 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 634,261 | 756,761 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 68,193 | 82,638 |
Obligations of States and Political Subdivisions | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 46,685 | 270,905 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 420 | 18,194 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 103,993 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 11,100 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 150,678 | 270,905 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 11,520 | 18,194 |
Corporate Debt Securities | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 9,530 | 7,388 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 702 | 862 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 8,367 | 1,684 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 1,883 | 316 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 17,897 | 9,072 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 2,585 | 1,178 |
Collateralized Loan Obligations | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 0 | 415,491 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 15,446 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 404,019 | 101,048 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 4,857 | 3,533 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 404,019 | 516,539 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 4,857 | 18,979 |
US Government-sponsored Enterprises Debt Securities | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | 37,213 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,787 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 37,213 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 1,787 |
Investment Securities - Sched_3
Investment Securities - Schedule of contractual maturity of debt securities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 1,418,770 | $ 1,854,852 |
Debt Securities, Available-for-sale | 1,332,842 | 1,733,696 |
Obligations of States and Political Subdivisions | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 110,685 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value | $ 110,449 | |
Debt Securities, Available-for-sale, Maturity, after Five Through Ten Years, Weighted Average Yield | 3.47% | |
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost | $ 139,336 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value | $ 129,224 | |
Debt Securities, Available-for-sale, Maturity, after 10 Years, Weighted Average Yield | 3.08% | |
Debt Securities, Available-for-sale, Amortized Cost | $ 251,531 | 423,285 |
Debt Securities, Available-for-sale | $ 241,184 | 406,711 |
Debt Securities, Available-for-Sale, Weighted Average Yield | 3.25% | |
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $ 1,510 | |
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $ 1,511 | |
Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five | 3.15% | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 703,645 | 839,399 |
Debt Securities, Available-for-sale | $ 635,475 | 756,761 |
Debt Securities, Available-for-Sale, Weighted Average Yield | 1.89% | |
Corporate Debt Securities | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | $ 17,650 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value | $ 15,096 | |
Debt Securities, Available-for-sale, Maturity, after Five Through Ten Years, Weighted Average Yield | 3.89% | |
Debt Securities, Available-for-sale, Amortized Cost | $ 20,482 | 17,650 |
Debt Securities, Available-for-sale | $ 17,897 | 16,472 |
Debt Securities, Available-for-Sale, Weighted Average Yield | 4.79% | |
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $ 2,832 | |
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $ 2,801 | |
Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five | 10.39% | |
Collateralized Loan Obligations | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 443,112 | 535,518 |
Debt Securities, Available-for-sale | $ 438,286 | 516,539 |
Debt Securities, Available-for-Sale, Weighted Average Yield | 7.30% | |
US Government-sponsored Enterprises Debt Securities | ||
Investment [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 39,000 | |
Debt Securities, Available-for-sale | $ 37,213 |
Investment Securities - Cost an
Investment Securities - Cost and Equity Method Investments (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment [Line Items] | |||
Federal home loan bank stock | $ 17,754,000 | $ 11,197,000 | |
Federal reserve bank stock | 14,653,000 | 14,653,000 | |
Equity Securities, FV-NI | 2,089,000 | 1,859,000 | |
Equity Securities without Readily Determinable Fair Value, Amount | 15,921,000 | 14,725,000 | |
Alternative Investment | 45,885,000 | 44,657,000 | |
Other Investments and Securities, at Cost | 96,302,000 | 87,091,000 | |
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount | $ 0 | $ 871,000 | |
equity investment shares sold | 116,722 | 22,160 | 86,770 |
Proceeds from Sale of Federal Home Loan Bank Stock | $ 11,672,000 | $ 2,216,000 | $ 8,677,000 |
equity investment purchased, shares | 182,289 | 0 | 0 |
Gain on equity securities, net | $ 971,000 | $ 2,955,000 | $ 5,011,000 |
Alternative Investment, income recognized | 371,000 | 2,400,000 | 4,500,000 |
Investments [Member] | |||
Investment [Line Items] | |||
Gain on equity securities, net | $ 600,000 | $ 601,000 | $ 552,000 |
Loans (Details)
Loans (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Impaired [Line Items] | |||
SBA PPP Fees received | $ 33,100,000 | ||
SBA PPP Fees recognized | $ 41,000 | $ 3,000,000 | $ 16,300,000 |
Loans and Leases Receivable, Deferred Income | 19,100,000 | 18,200,000 | |
Deposit Liabilities Reclassified as Loans Receivable | 1,500,000 | 1,500,000 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |
Financing Receivable, Nonaccrual | 60,259,000 | 79,696,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Financing Receivable, Nonaccrual | 534,000 | 0 | |
Business Combination, Acquired Receivable, Fair Value | 2,800,000 | 4,700,000 | |
Loans | |||
Financing Receivable, Impaired [Line Items] | |||
Goodwill, Purchase Accounting Adjustments | 1,800,000 | 2,500,000 | |
Executive officers and directors | |||
Financing Receivable, Impaired [Line Items] | |||
Loans due from related party | 34,700,000 | 37,300,000 | |
Loans and Leases Receivable, Related Parties, Additions | 400,000 | 6,100,000 | |
Loans and Leases Receivable, Related Parties, Proceeds | 4,600,000 | 6,000,000 | |
LoansAndLeasesReceivableRelatedPartiesAdvances | 3,800,000 | 1,200,000 | |
Executive officers and directors | Loans Receivable [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Loans due from related party | $ 28,000,000 | $ 28,400,000 |
Loans - Schedule of composition
Loans - Schedule of composition of loan portfolio (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | $ 7,476,221 | $ 7,141,891 | ||
Financing Receivable, Allowance for Credit Loss | (83,745) | (85,379) | $ (83,197) | $ (85,675) |
Net loans | 7,392,476 | 7,056,512 | ||
commercial financial agricultural less PPP and overdraft | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,292,025 | 1,295,238 | ||
PPP loans receivable | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 2,116 | 4,206 | ||
Bank Overdrafts | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,499 | 1,489 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,875,993 | 1,794,054 | ||
Construction Real Estate Remaining Commercial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 209,226 | 208,982 | ||
Construction Real Estate Retail | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 95,873 | 116,433 | ||
Residential Real Estate Commercial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 609,410 | 550,183 | ||
Residential Real Estate Mortgage [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,239,861 | 1,075,446 | ||
Residential Real Estate Home Equity Line Of Credit [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 174,349 | 167,151 | ||
Residential Real Estate Installment [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 5,904 | 4,091 | ||
consumer less GFSC and check loans | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 1,943,869 | 1,902,831 | ||
Check Loans | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | 2,067 | 2,150 | ||
Finance Leases Portfolio Segment [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Loans and Leases Receivable, Net of Deferred Income | $ 24,029 | $ 19,637 |
Loans - Schedule of recorded in
Loans - Schedule of recorded investment in nonaccrual restructured and loans 90 days past due and accruing (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | $ 60,259 | $ 79,696 |
Financing Receivable, Troubled Debt Restructuring | 20,134 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 859 | 1,281 |
Financing Receivable Recorded Investment Nonperforming | 61,118 | 101,111 |
Financing Receivable, Nonaccrual, No Allowance | 32,056 | 55,542 |
financing receivable nonaccrual with allowance | 28,203 | 24,154 |
Impaired Financing Receivable, Related Allowance | 5,801 | 4,175 |
commercial financial agricultural less PPP and overdraft | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 8,634 | 28,291 |
financing receivable nonaccrual with allowance | 12,650 | 9,867 |
Impaired Financing Receivable, Related Allowance | 4,985 | 3,440 |
PPP Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring | 0 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 389 |
Financing Receivable Recorded Investment Nonperforming | 0 | 389 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Bank Overdrafts | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring | 0 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 20,175 | 22,965 |
financing receivable nonaccrual with allowance | 565 | 1,539 |
Impaired Financing Receivable, Related Allowance | 2 | 130 |
Construction Real Estate Remaining Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 504 | 1,712 |
Financing Receivable, Troubled Debt Restructuring | 0 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 504 | 1,712 |
Financing Receivable, Nonaccrual, No Allowance | 504 | 1,712 |
financing receivable nonaccrual with allowance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Construction Real Estate Retail | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 0 | 1,254 |
Financing Receivable, Troubled Debt Restructuring | 12 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 26 | 0 |
Financing Receivable Recorded Investment Nonperforming | 26 | 1,266 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 0 | 1,254 |
Impaired Financing Receivable, Related Allowance | 0 | 19 |
Residential Real Estate Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 2,670 | 1,894 |
Financing Receivable, Troubled Debt Restructuring | 298 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 2,670 | 2,192 |
Financing Receivable, Nonaccrual, No Allowance | 2,670 | 1,894 |
financing receivable nonaccrual with allowance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Residential Real Estate Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 11,786 | 9,260 |
Financing Receivable, Troubled Debt Restructuring | 6,750 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 206 | 182 |
Financing Receivable Recorded Investment Nonperforming | 11,992 | 16,192 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 11,786 | 9,260 |
Impaired Financing Receivable, Related Allowance | 117 | 85 |
Residential Real Estate Home Equity Line Of Credit [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 815 | 1,133 |
Financing Receivable, Troubled Debt Restructuring | 187 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 7 |
Financing Receivable Recorded Investment Nonperforming | 815 | 1,327 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 815 | 1,133 |
Impaired Financing Receivable, Related Allowance | 25 | 191 |
Residential Real Estate Installment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 16 | 51 |
Financing Receivable, Troubled Debt Restructuring | 1,037 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 16 | 1,088 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 16 | 51 |
Impaired Financing Receivable, Related Allowance | 0 | 17 |
Consumer Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 2,371 | 1,022 |
Impaired Financing Receivable, Related Allowance | 672 | 284 |
Check Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring | 0 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
financing receivable nonaccrual with allowance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Finance Leases Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 73 | 708 |
Financing Receivable, Troubled Debt Restructuring | 0 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 73 | 708 |
Financing Receivable, Nonaccrual, No Allowance | 73 | 680 |
financing receivable nonaccrual with allowance | 0 | 28 |
Impaired Financing Receivable, Related Allowance | 0 | 9 |
Commercial Financial And Agricultural [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 21,284 | 38,158 |
Financing Receivable, Troubled Debt Restructuring | 3,261 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 14 | 0 |
Financing Receivable Recorded Investment Nonperforming | 21,298 | 41,419 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 20,740 | 24,504 |
Financing Receivable, Troubled Debt Restructuring | 7,919 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financing Receivable Recorded Investment Nonperforming | 20,740 | 32,423 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Nonaccrual | 2,371 | 1,022 |
Financing Receivable, Troubled Debt Restructuring | 670 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 613 | 703 |
Financing Receivable Recorded Investment Nonperforming | $ 2,984 | $ 2,395 |
Schedule of Collateral Dependen
Schedule of Collateral Dependent By Class Of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
6500 Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | $ 34,349 | $ 49,091 |
6500 Real Estate | Commercial Financial And Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 8,137 | 8,242 |
6500 Real Estate | Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 22,096 | 35,908 |
6500 Real Estate | Construction Real Estate Remaining Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 1,130 | 2,372 |
6500 Real Estate | Residential Real Estate Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 2,910 | 2,479 |
6500 Real Estate | Residential Real Estate Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 76 | 90 |
6500 Real Estate | Finance Leases Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
6500 Real Estate | Residential Real Estate Home Equity Line Of Credit [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | |
business assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 9,964 | 8,524 |
business assets | Commercial Financial And Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 9,377 | 7,788 |
business assets | Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 514 | 28 |
business assets | Construction Real Estate Remaining Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
business assets | Residential Real Estate Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
business assets | Residential Real Estate Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
business assets | Finance Leases Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 73 | 708 |
business assets | Residential Real Estate Home Equity Line Of Credit [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | |
Other Collateral | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 3,737 | 23,125 |
Other Collateral | Commercial Financial And Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 3,737 | 23,125 |
Other Collateral | Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
Other Collateral | Construction Real Estate Remaining Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
Other Collateral | Residential Real Estate Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
Other Collateral | Residential Real Estate Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
Other Collateral | Finance Leases Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | 0 |
Other Collateral | Residential Real Estate Home Equity Line Of Credit [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 0 | |
Collateral Pledged | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 48,050 | 80,740 |
Collateral Pledged | Commercial Financial And Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 21,251 | 39,155 |
Collateral Pledged | Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 22,610 | 35,936 |
Collateral Pledged | Construction Real Estate Remaining Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 1,130 | 2,372 |
Collateral Pledged | Residential Real Estate Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 2,910 | 2,479 |
Collateral Pledged | Residential Real Estate Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | 76 | 90 |
Collateral Pledged | Finance Leases Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | $ 73 | 708 |
Collateral Pledged | Residential Real Estate Home Equity Line Of Credit [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable Amortized Cost | $ 0 |
Loans Schedule of loans individ
Loans Schedule of loans individually evaluated for impairment by class of loan (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 3,172 | $ 1,795 | $ 2,770 |
Impaired Financing Receivable, Related Allowance | 5,801 | 4,175 | |
Impaired Financing Receivable, Recorded Investment | 45,215 | 78,341 | |
commercial financial agricultural less PPP and overdraft | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 1,843 | 438 | 180 |
Impaired Financing Receivable, Related Allowance | 4,985 | 3,440 | |
PPP Loans | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Bank Overdrafts | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 781 | 956 | 1,844 |
Impaired Financing Receivable, Related Allowance | 2 | 130 | |
Construction Real Estate Remaining Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 65 | 32 | 39 |
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Construction Real Estate Retail | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | 13 | 4 |
Impaired Financing Receivable, Related Allowance | 0 | 19 | |
Residential Real Estate Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 136 | 88 | 204 |
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Residential Real Estate Mortgage [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 227 | 157 | 301 |
Impaired Financing Receivable, Related Allowance | 117 | 85 | |
Residential Real Estate Home Equity Line Of Credit [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 20 | 16 | 17 |
Impaired Financing Receivable, Related Allowance | 25 | 191 | |
Residential Real Estate Installment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 3 | 3 | 2 |
Impaired Financing Receivable, Related Allowance | 0 | 17 | |
Consumer Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 97 | 59 | 106 |
Impaired Financing Receivable, Related Allowance | 672 | 284 | |
Finance Leases Portfolio Segment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | 33 | $ 73 |
Impaired Financing Receivable, Related Allowance | $ 0 | $ 9 |
Loans (Aging of past due loans)
Loans (Aging of past due loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | $ 22,686 | $ 17,595 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 22,162 | 22,085 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 7,476,221 | 7,141,891 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 859 | 1,281 |
impaired financing receivable recorded investment nonaccrual loans which are current in contractual P and I payments | 39,000 | 58,900 |
commercial financial agricultural less PPP and overdraft | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 522 | 378 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 11,629 | 9,246 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,292,025 | 1,295,238 |
PPP Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 9 | 155 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 0 | 389 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,116 | 4,206 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 389 |
Bank Overdrafts | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 0 | 0 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,499 | 1,489 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 1,656 | 737 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 1,839 | 4,738 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,875,993 | 1,794,054 |
Construction Real Estate Remaining Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 0 | 751 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 205 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 209,226 | 208,982 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Construction Real Estate Retail | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 554 | 1,035 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 26 | 523 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 95,873 | 116,433 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 26 | 0 |
Residential Real Estate Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 295 | 519 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 219 | 477 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 609,410 | 550,183 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Residential Real Estate Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 9,831 | 7,630 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 6,450 | 5,157 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,239,861 | 1,075,446 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 206 | 182 |
Residential Real Estate Home Equity Line Of Credit [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 788 | 832 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 611 | 587 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 174,349 | 167,151 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 7 |
Residential Real Estate Installment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 52 | 57 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 0 | 4 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 5,904 | 4,091 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Consumer Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 8,974 | 5,499 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 1,183 | 964 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,943,869 | 1,902,831 |
Check Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 5 | 2 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,067 | 2,150 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Finance Leases Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Recorded Investment, Accruing Loans 30 to 89 Days Past Due | 0 | 0 |
Financing Receivable Recorded Investment Ninety Days Or More Past Due And Accruing Plus Past Due Nonaccrual Loans | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 24,029 | 19,637 |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 0 | 0 |
Financial Asset, Past Due | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 44,848 | 39,680 |
Financial Asset, Past Due | commercial financial agricultural less PPP and overdraft | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 12,151 | 9,624 |
Financial Asset, Past Due | PPP Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 9 | 544 |
Financial Asset, Past Due | Bank Overdrafts | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Past Due | Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 3,495 | 5,475 |
Financial Asset, Past Due | Construction Real Estate Remaining Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 205 | 751 |
Financial Asset, Past Due | Construction Real Estate Retail | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 580 | 1,558 |
Financial Asset, Past Due | Residential Real Estate Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 514 | 996 |
Financial Asset, Past Due | Residential Real Estate Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 16,281 | 12,787 |
Financial Asset, Past Due | Residential Real Estate Home Equity Line Of Credit [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,399 | 1,419 |
Financial Asset, Past Due | Residential Real Estate Installment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 52 | 61 |
Financial Asset, Past Due | Consumer Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 10,157 | 6,463 |
Financial Asset, Past Due | Check Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 5 | 2 |
Financial Asset, Past Due | Finance Leases Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | 0 |
Financial Asset, Not Past Due | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 7,431,373 | 7,102,211 |
Financial Asset, Not Past Due | commercial financial agricultural less PPP and overdraft | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,279,874 | 1,285,614 |
Financial Asset, Not Past Due | PPP Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,107 | 3,662 |
Financial Asset, Not Past Due | Bank Overdrafts | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,499 | 1,489 |
Financial Asset, Not Past Due | Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,872,498 | 1,788,579 |
Financial Asset, Not Past Due | Construction Real Estate Remaining Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 209,021 | 208,231 |
Financial Asset, Not Past Due | Construction Real Estate Retail | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 95,293 | 114,875 |
Financial Asset, Not Past Due | Residential Real Estate Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 608,896 | 549,187 |
Financial Asset, Not Past Due | Residential Real Estate Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,223,580 | 1,062,659 |
Financial Asset, Not Past Due | Residential Real Estate Home Equity Line Of Credit [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 172,950 | 165,732 |
Financial Asset, Not Past Due | Residential Real Estate Installment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 5,852 | 4,030 |
Financial Asset, Not Past Due | Consumer Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,933,712 | 1,896,368 |
Financial Asset, Not Past Due | Check Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,062 | 2,148 |
Financial Asset, Not Past Due | Finance Leases Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | $ 24,029 | $ 19,637 |
Loans (Credit Quality Indicator
Loans (Credit Quality Indicators and Loan Grade) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | $ 7,476,221 | $ 7,141,891 |
commercial financial agricultural less PPP and overdraft | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 205,280 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 151,829 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 120,507 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 96,527 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 38,696 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 54,246 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 624,940 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,292,025 | 1,295,238 |
commercial financial agricultural less PPP and overdraft | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 204,601 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 149,386 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 118,992 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 93,495 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 38,205 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 45,814 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 600,301 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,250,794 | |
commercial financial agricultural less PPP and overdraft | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 530 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,549 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 435 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 128 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 252 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 16,260 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 19,156 | |
commercial financial agricultural less PPP and overdraft | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 149 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 894 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,041 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,133 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 143 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 582 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 7,427 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 11,369 | |
commercial financial agricultural less PPP and overdraft | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 39 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,771 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 96 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 7,848 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 952 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 10,706 | |
PPP Loans | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 925 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,191 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,116 | 4,206 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | |
PPP Loans | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 925 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,191 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,116 | |
PPP Loans | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
PPP Loans | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
PPP Loans | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 283,731 | 331,290 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 326,636 | 379,446 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 341,598 | 379,048 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 328,770 | 229,496 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 208,146 | 126,323 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 368,256 | 333,821 |
Financing Receivable, Excluding Accrued Interest, Revolving | 18,856 | 14,630 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,875,993 | 1,794,054 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 224 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 530 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 754 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 278,922 | 323,235 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 322,096 | 374,763 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 334,452 | 372,653 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 318,473 | 220,072 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 204,740 | 107,467 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 347,389 | 305,539 |
Financing Receivable, Excluding Accrued Interest, Revolving | 17,174 | 14,052 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,823,246 | 1,717,781 |
Commercial Real Estate Portfolio Segment [Member] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 2,092 | 199 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,951 | 3,256 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 4,637 | 3,388 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 7,629 | 5,863 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 16,059 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 13,043 | 22,220 |
Financing Receivable, Excluding Accrued Interest, Revolving | 98 | 150 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 30,450 | 51,135 |
Commercial Real Estate Portfolio Segment [Member] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,828 | 7,856 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,589 | 1,427 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,509 | 3,007 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,668 | 3,561 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,406 | 856 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 7,495 | 5,471 |
Financing Receivable, Excluding Accrued Interest, Revolving | 1,584 | 428 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 21,079 | 22,606 |
Commercial Real Estate Portfolio Segment [Member] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 889 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 1,941 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 329 | 591 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,218 | 2,532 |
Construction Real Estate Remaining Commercial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 90,114 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 78,224 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 7,543 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 18,195 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,090 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,718 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 11,342 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 209,226 | 208,982 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 546 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 546 | |
Construction Real Estate Remaining Commercial [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 89,283 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 77,988 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 7,480 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 18,195 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,090 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,718 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 11,342 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 208,096 | |
Construction Real Estate Remaining Commercial [Member] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
Construction Real Estate Remaining Commercial [Member] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 831 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 236 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 63 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,130 | |
Construction Real Estate Remaining Commercial [Member] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
Residential Real Estate Commercial [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 128,784 | 107,696 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 104,901 | 120,844 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 106,007 | 149,543 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 120,598 | 57,449 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 50,727 | 33,444 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 74,668 | 65,677 |
Financing Receivable, Excluding Accrued Interest, Revolving | 23,725 | 15,530 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 609,410 | 550,183 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | |
Residential Real Estate Commercial [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 128,589 | 107,086 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 104,008 | 120,303 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 105,225 | 147,802 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 117,442 | 56,980 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 49,797 | 33,140 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 71,489 | 63,499 |
Financing Receivable, Excluding Accrued Interest, Revolving | 23,535 | 15,191 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 600,085 | 544,001 |
Residential Real Estate Commercial [Member] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 333 | 92 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 623 | 1,477 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,964 | 440 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 914 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,578 | 1,625 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 5,412 | 3,634 |
Residential Real Estate Commercial [Member] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 195 | 610 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 560 | 449 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 159 | 264 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,192 | 29 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 16 | 304 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,601 | 553 |
Financing Receivable, Excluding Accrued Interest, Revolving | 190 | 339 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 3,913 | 2,548 |
Residential Real Estate Commercial [Member] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | 0 |
Finance Leases Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 12,171 | 8,714 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 5,968 | 3,924 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,588 | 3,941 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,238 | 1,434 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 433 | 993 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 631 | 631 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 24,029 | 19,637 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | |
Finance Leases Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 11,440 | 7,629 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,404 | 3,310 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,197 | 3,347 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,941 | 1,167 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 356 | 981 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 623 | 605 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 20,961 | 17,039 |
Finance Leases Portfolio Segment [Member] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 731 | 1,085 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,564 | 614 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 391 | 130 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 297 | 60 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 10 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,995 | 1,889 |
Finance Leases Portfolio Segment [Member] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 464 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 111 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 67 | 12 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6 | 26 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 73 | 613 |
Finance Leases Portfolio Segment [Member] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 96 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | 96 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 720,080 | 755,626 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 667,558 | 746,753 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 579,168 | 703,056 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 567,519 | 352,528 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 299,092 | 197,655 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 500,519 | 458,910 |
Financing Receivable, Excluding Accrued Interest, Revolving | 678,863 | 657,772 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 4,012,799 | 3,872,300 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 770 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 13 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 73 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 5 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 582 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 19 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 1,462 | |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 712,835 | 743,423 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 657,882 | 739,784 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 569,271 | 690,176 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 550,737 | 341,750 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 294,188 | 175,903 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 468,033 | 419,793 |
Financing Receivable, Excluding Accrued Interest, Revolving | 652,352 | 604,663 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 3,905,298 | 3,715,492 |
Commercial Portfolio Segment [Member] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 3,353 | 1,984 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,397 | 4,275 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 6,086 | 6,145 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,018 | 6,678 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,176 | 16,063 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 14,625 | 23,880 |
Financing Receivable, Excluding Accrued Interest, Revolving | 16,358 | 25,686 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 58,013 | 84,711 |
Commercial Portfolio Segment [Member] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 3,003 | 10,219 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,279 | 2,694 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,772 | 6,732 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 4,993 | 3,927 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,632 | 3,668 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 9,684 | 14,474 |
Financing Receivable, Excluding Accrued Interest, Revolving | 9,201 | 27,231 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 37,564 | 68,945 |
Commercial Portfolio Segment [Member] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 889 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 39 | 3 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,771 | 173 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 96 | 2,021 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 8,177 | 763 |
Financing Receivable, Excluding Accrued Interest, Revolving | 952 | 192 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 11,924 | 3,152 |
Bank Overdrafts | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,499 | 1,489 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,499 | 1,489 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 1,064 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 1,064 | |
Bank Overdrafts | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,499 | 1,489 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,499 | 1,489 |
Bank Overdrafts | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | 0 |
Construction Real Estate Retail | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 52,904 | 72,654 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 24,219 | 26,134 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 7,709 | 8,741 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 4,277 | 4,619 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,604 | 1,618 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,891 | 2,592 |
Financing Receivable, Excluding Accrued Interest, Revolving | 269 | 75 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 95,873 | 116,433 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | |
Construction Real Estate Retail | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 52,904 | 71,923 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 24,219 | 26,134 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 7,709 | 8,218 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 4,251 | 4,619 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,604 | 1,618 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,891 | 2,580 |
Financing Receivable, Excluding Accrued Interest, Revolving | 269 | 75 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 95,847 | 115,167 |
Construction Real Estate Retail | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 731 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 523 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 26 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 12 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 26 | 1,266 |
Residential Real Estate Mortgage [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 209,512 | 207,093 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 260,220 | 227,131 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 219,589 | 193,604 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 177,924 | 90,664 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 81,208 | 56,166 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 291,408 | 300,788 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,239,861 | 1,075,446 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 35 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 35 | |
Residential Real Estate Mortgage [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 209,315 | 207,093 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 259,076 | 227,131 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 218,417 | 192,904 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 177,518 | 90,014 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 80,627 | 55,648 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 282,916 | 286,464 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,227,869 | 1,059,254 |
Residential Real Estate Mortgage [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 197 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,144 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,172 | 700 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 406 | 650 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 581 | 518 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 8,492 | 14,324 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 11,992 | 16,192 |
Residential Real Estate Home Equity Line Of Credit [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 99 | 140 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 205 | 299 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 379 | 66 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 98 | 230 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 253 | 141 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,441 | 2,956 |
Financing Receivable, Excluding Accrued Interest, Revolving | 170,874 | 163,319 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 174,349 | 167,151 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 9 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9 | |
Residential Real Estate Home Equity Line Of Credit [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 99 | 140 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 205 | 299 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 379 | 23 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 98 | 130 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 221 | 141 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,838 | 1,957 |
Financing Receivable, Excluding Accrued Interest, Revolving | 170,694 | 163,134 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 173,534 | 165,824 |
Residential Real Estate Home Equity Line Of Credit [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 43 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 100 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 32 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 603 | 999 |
Financing Receivable, Excluding Accrued Interest, Revolving | 180 | 185 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 815 | 1,327 |
Residential Real Estate Installment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 2,225 | 187 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 162 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 8 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 3 | 243 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 144 | 78 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,370 | 3,575 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 5,904 | 4,091 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | |
Residential Real Estate Installment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 2,225 | 187 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 162 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 1 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 3 | 241 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 144 | 62 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,354 | 2,512 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 5,888 | 3,003 |
Residential Real Estate Installment [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 7 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 2 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 16 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 16 | 1,063 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 16 | 1,088 |
consumer less GFSC and check loans | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 628,380 | 823,924 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 613,910 | 462,503 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 319,815 | 333,815 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 215,149 | 150,713 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 81,662 | 61,376 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 66,344 | 66,134 |
Financing Receivable, Excluding Accrued Interest, Revolving | 18,609 | 4,366 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,943,869 | 1,902,831 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 560 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 3,517 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 2,371 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 763 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 545 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 480 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 6 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 8,242 | |
consumer less GFSC and check loans | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 627,985 | 823,484 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 613,019 | 462,014 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 319,161 | 333,391 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 214,714 | 150,348 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 81,446 | 61,219 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 65,955 | 65,614 |
Financing Receivable, Excluding Accrued Interest, Revolving | 18,605 | 4,366 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,940,885 | 1,900,436 |
consumer less GFSC and check loans | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 395 | 440 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 891 | 489 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 654 | 424 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 435 | 365 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 216 | 157 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 389 | 520 |
Financing Receivable, Excluding Accrued Interest, Revolving | 4 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,984 | 2,395 |
Check Loans | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 2,067 | 2,150 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,067 | 2,150 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 51 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 51 | |
Check Loans | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 2,067 | 2,150 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,067 | 2,150 |
Check Loans | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 894,619 | 1,105,487 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 898,716 | 716,067 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 547,492 | 536,234 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 397,451 | 246,469 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 166,871 | 119,379 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 366,454 | 376,045 |
Financing Receivable, Excluding Accrued Interest, Revolving | 191,819 | 169,910 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 3,463,422 | 3,269,591 |
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 1,624 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 3,517 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 2,371 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 763 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 545 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 524 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 57 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9,401 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 894,027 | 1,104,316 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 896,681 | 715,578 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 545,666 | 534,537 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 396,584 | 245,352 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 166,042 | 118,688 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 356,954 | 359,127 |
Financing Receivable, Excluding Accrued Interest, Revolving | 191,635 | 169,725 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 3,447,589 | 3,247,323 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 592 | 1,171 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,035 | 489 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,826 | 1,697 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 867 | 1,117 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 829 | 691 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 9,500 | 16,918 |
Financing Receivable, Excluding Accrued Interest, Revolving | 184 | 185 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 15,833 | 22,268 |
PPP loans receivable | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,875 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,331 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 4,206 | |
PPP loans receivable | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,875 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,331 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 4,206 | |
PPP loans receivable | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
PPP loans receivable | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
PPP loans receivable | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 0 | |
Commercial Financial And Agricultural [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 199,298 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 199,330 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 146,145 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 61,463 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 34,807 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 55,766 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 598,429 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,295,238 | |
Commercial Financial And Agricultural [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 197,497 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 198,999 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 142,487 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 60,845 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 32,887 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 47,135 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 546,237 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,226,087 | |
Commercial Financial And Agricultural [Member] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 700 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 313 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 918 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 315 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 35 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 25,536 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 27,821 | |
Commercial Financial And Agricultural [Member] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,101 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 18 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,737 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 226 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,836 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 8,424 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 26,464 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 40,806 | |
Commercial Financial And Agricultural [Member] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 77 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 80 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 172 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 192 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 524 | |
Commercial Financial Agricultural less PPP and Overdrafts | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 13 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 73 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 5 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 52 | |
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 19 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | $ 162 | |
Construction Real Estate Commercial [Domain] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 108,628 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 41,334 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 22,048 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,686 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 2,088 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,015 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 29,183 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 208,982 | |
Construction Real Estate Commercial [Domain] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 107,976 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 40,534 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 21,556 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,686 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,428 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,015 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 29,183 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 206,378 | |
Construction Real Estate Commercial [Domain] | Five Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 232 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 232 | |
Construction Real Estate Commercial [Domain] | Six Rated [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 652 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 800 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 260 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 660 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 2,372 | |
Construction Real Estate Commercial [Domain] | Impaired [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | $ 0 |
Loans Modified (Details)
Loans Modified (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 USD ($) | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 4,700 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 444 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | (1.82%) |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 17,259 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.23% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 1 year 9 months 18 days |
Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | (1.64%) |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 12,609 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.98% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 9 months 18 days |
PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 219 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 2,458 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.13% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 4 years 1 month 6 days |
Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 205 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 831 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.40% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 1 year 7 months 6 days |
Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | (2.75%) |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 154 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.03% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 1 year 4 months 24 days |
Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | (2.34%) |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 428 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0.03% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 6 months |
Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 20 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | (1.00%) |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 747 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 12.65% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 12 years 1 month 6 days |
consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | (2.52%) |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 32 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification | 0% |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | $ 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage | 0% |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 0 years |
Principal Forgiveness | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | $ 0 |
Principal Forgiveness | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Principal Forgiveness | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification | 0 |
Payment Deferral | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Payment Deferral | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 444 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 15,613 |
Extended Maturity | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 11,866 |
Extended Maturity | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 219 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 2,458 |
Extended Maturity | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 205 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 831 |
Extended Maturity | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 10 |
Extended Maturity | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 20 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 448 |
Extended Maturity | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 403 |
Interest Rate Below Market Reduction | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 371 |
Interest Rate Below Market Reduction | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 32 |
Interest Rate Below Market Reduction | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Interest Rate Below Market Reduction | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 277 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 1,234 |
Extended Maturity and Interest Rate Reduction | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 363 |
Extended Maturity and Interest Rate Reduction | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 144 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 144 |
Extended Maturity and Interest Rate Reduction | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 133 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 428 |
Extended Maturity and Interest Rate Reduction | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 299 |
Extended Maturity and Interest Rate Reduction | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Extended Maturity and Interest Rate Reduction | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 9 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 9 |
Modification Other | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 9 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 9 |
Modification Other | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Modification Other | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default | 0 |
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount | 0 |
Financial Asset, 30 to 59 Days Past Due | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 239 |
Financial Asset, 30 to 59 Days Past Due | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 219 |
Financial Asset, 30 to 59 Days Past Due | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 20 |
Financial Asset, 30 to 59 Days Past Due | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 30 to 59 Days Past Due | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 205 |
Financial Asset, 60 to 89 Days Past Due | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 205 |
Financial Asset, 60 to 89 Days Past Due | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, 60 to 89 Days Past Due | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Financial Agricultural less PPP and Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | PPP loans receivable | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Bank Overdrafts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Construction Real Estate Remaining Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Construction Real Estate Retail | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate Mortgage [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate Home Equity Line Of Credit [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Residential Real Estate Installment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | consumer less GFSC and check loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Check Loans | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Finance Leases Portfolio Segment [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 0 |
Allowance for Loan Losses (Deta
Allowance for Loan Losses (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] | ||||
Off-Balance Sheet, Credit Loss, Liability | $ 5,103,000 | $ 5,214,000 | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 1,145,293,000 | 1,069,226,000 | ||
PPP loans originated | 2,100,000 | 4,200,000 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 1,145,293,000 | 1,069,226,000 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 83,745,000 | 85,379,000 | $ 83,197,000 | $ 85,675,000 |
Qualitative adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 417,000 | 384,000 | ||
Retained Earnings | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 903,877,000 | 847,235,000 | 776,294,000 | 704,764,000 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 903,877,000 | 847,235,000 | $ 776,294,000 | 704,764,000 |
Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 383,000 | $ 6,090,000 | ||
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (303,000) | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (303,000) | |||
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2022-02 | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 383,000 | |||
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2022-02 | Retained Earnings | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] | ||||
Net deferred tax asset | 80,000 | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 303,000 | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 303,000 | |||
Net deferred tax asset | $ 80,000 |
Allowance for Credit Losses Add
Allowance for Credit Losses Additional Reserves (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] | ||
Financing Receivable, Collectively Evaluated for Impairment | $ 7,428,171 | $ 7,058,897 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Financing Receivable, Collectively Evaluated for Impairment | 7,428,171 | 7,058,897 |
Loans and Leases Receivable, Net of Deferred Income | $ 7,476,221 | $ 7,141,891 |
Allowance for Loan Losses Activ
Allowance for Loan Losses Activity in the allowance for loan losses (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 10,863 | $ 9,133 | $ 5,093 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 5,942 | 6,758 | 8,441 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | 4,921 | 2,375 | (3,348) | |
Financing Receivable, Credit Loss, Expense (Reversal) | 2,904 | 4,557 | (11,916) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 83,745 | 85,379 | 83,197 | $ 85,675 |
Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 383 | 6,090 | ||
Commercial Financial And Agricultural [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 1,226 | 2,056 | 957 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 292 | 826 | 639 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | 934 | 1,230 | 318 | |
Financing Receivable, Credit Loss, Expense (Reversal) | (779) | 4,192 | (3,008) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 15,496 | 16,987 | 14,025 | 25,608 |
Commercial Financial And Agricultural [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 222 | (8,257) | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 754 | 1,578 | 35 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 240 | 627 | 802 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | 514 | 951 | (767) | |
Financing Receivable, Credit Loss, Expense (Reversal) | (1,122) | (6,686) | (900) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 16,374 | 17,829 | 25,466 | 23,480 |
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 181 | 2,119 | ||
Construction Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 546 | 33 | 0 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 548 | 1,343 | 2,299 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | (2) | (1,310) | (2,299) | |
Financing Receivable, Credit Loss, Expense (Reversal) | (325) | (1,518) | (1,931) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 5,227 | 5,550 | 5,758 | 7,288 |
Construction Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | (1,898) | ||
Residential Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 44 | 81 | 49 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 482 | 164 | 941 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | (438) | (83) | (892) | |
Financing Receivable, Credit Loss, Expense (Reversal) | 1,569 | 5,324 | (3,952) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 18,818 | 16,831 | 11,424 | 11,363 |
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | (20) | 3,121 | ||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 8,293 | 5,343 | 4,052 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 4,379 | 3,767 | 3,759 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | 3,914 | 1,576 | 293 | |
Financing Receivable, Credit Loss, Expense (Reversal) | 3,606 | 3,311 | (1,764) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 27,713 | 28,021 | 26,286 | 17,418 |
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 10,925 | ||
Finance Leases Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 0 | 42 | 0 | |
Financing Receivable, Allowance for Credit Losses, Recovery | 1 | 31 | 1 | |
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery | (1) | 11 | (1) | |
Financing Receivable, Credit Loss, Expense (Reversal) | (45) | (66) | (361) | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 117 | 161 | $ 238 | 518 |
Finance Leases Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 0 | $ 80 |
Allowance for Loan Losses Compo
Allowance for Loan Losses Composition (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 4,983,000 | $ 3,566,000 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 78,762,000 | 81,813,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 83,745,000 | 85,379,000 | $ 83,197,000 | $ 85,675,000 |
Financing Receivable, Individually Evaluated for Impairment | 45,215,000 | 78,341,000 | ||
Financing Receivable, Collectively Evaluated for Impairment | 7,428,171,000 | 7,058,897,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 2,835,000 | 4,653,000 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 7,476,221,000 | $ 7,141,891,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 11.02% | 4.55% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 1.06% | 1.16% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 1.12% | 1.20% | ||
PPP loans originated | $ 2,100,000 | $ 4,200,000 | ||
Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 383,000 | 6,090,000 | ||
Commercial Financial And Agricultural [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 4,980,000 | 3,426,000 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 10,516,000 | 13,561,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 15,496,000 | 16,987,000 | 14,025,000 | 25,608,000 |
Financing Receivable, Individually Evaluated for Impairment | 21,228,000 | 41,307,000 | ||
Financing Receivable, Collectively Evaluated for Impairment | 1,274,390,000 | 1,259,524,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 22,000 | 102,000 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 1,295,640,000 | $ 1,300,933,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 23.46% | 8.29% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 0.83% | 1.08% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 1.20% | 1.31% | ||
Commercial Financial And Agricultural [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 222,000 | (8,257,000) | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 3,000 | 131,000 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 16,371,000 | 17,698,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 16,374,000 | 17,829,000 | 25,466,000 | 23,480,000 |
Financing Receivable, Individually Evaluated for Impairment | 20,740,000 | 32,423,000 | ||
Financing Receivable, Collectively Evaluated for Impairment | 1,853,383,000 | 1,758,118,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 1,870,000 | 3,513,000 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 1,875,993,000 | $ 1,794,054,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 0.01% | 0.40% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 0.88% | 1.01% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 0.87% | 0.99% | ||
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 181,000 | 2,119,000 | ||
Construction Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 0 | 0 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 5,227,000 | 5,550,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 5,227,000 | 5,550,000 | 5,758,000 | 7,288,000 |
Financing Receivable, Individually Evaluated for Impairment | 504,000 | 1,712,000 | ||
Financing Receivable, Collectively Evaluated for Impairment | 303,969,000 | 323,043,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 626,000 | 660,000 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 305,099,000 | $ 325,415,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 1.72% | 1.72% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 1.71% | 1.71% | ||
Construction Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 0 | (1,898,000) | ||
Residential Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 0 | 0 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 18,818,000 | 16,831,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 18,818,000 | 16,831,000 | 11,424,000 | 11,363,000 |
Financing Receivable, Individually Evaluated for Impairment | 2,670,000 | 2,191,000 | ||
Financing Receivable, Collectively Evaluated for Impairment | 2,026,537,000 | 1,794,302,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 317,000 | 378,000 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 2,029,524,000 | $ 1,796,871,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 0.93% | 0.94% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 0.93% | 0.94% | ||
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ (20,000) | 3,121,000 | ||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 0 | 0 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 27,713,000 | 28,021,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 27,713,000 | 28,021,000 | 26,286,000 | 17,418,000 |
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||
Financing Receivable, Collectively Evaluated for Impairment | 1,945,936,000 | 1,904,981,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 1,945,936,000 | $ 1,904,981,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 1.42% | 1.47% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 1.42% | 1.47% | ||
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 0 | 10,925,000 | ||
Finance Leases Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 0 | 9,000 | ||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 117,000 | 152,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 117,000 | 161,000 | $ 238,000 | 518,000 |
Financing Receivable, Individually Evaluated for Impairment | 73,000 | 708,000 | ||
Financing Receivable, Collectively Evaluated for Impairment | 23,956,000 | 18,929,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 24,029,000 | $ 19,637,000 | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Individually Evaluated for Impairment | 0% | 1.27% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans, Collectively Evaluated for Impairment | 0.49% | 0.80% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance as a percentage of loan balance | 0% | 0% | ||
Loans And Leases Receivable, Ratio Of Allowance For Loan Losses To Total Loans | 0.49% | 0.82% | ||
Finance Leases Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 0 | $ 80,000 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets Schedule of Goodwill and Intangibles (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Goodwill | $ 159,595 | $ 159,595 | $ 159,595 | $ 159,595 |
Other Intangible Assets, Net | 4,652 | 5,975 | 7,462 | 9,260 |
Intangible Assets, Net (Including Goodwill) | 164,247 | 165,570 | 167,057 | $ 168,855 |
Amortization of Intangible Assets | $ 1,323 | $ 1,487 | $ 1,798 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets Acquired Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of Intangible Assets | $ 1,323 | $ 1,487 | $ 1,798 |
Core Deposits [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | 14,456 | 14,456 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 9,804 | 8,481 | |
Amortization of Intangible Assets | $ 1,300 | $ 1,500 | $ 1,800 |
Goodwill and Other Intangible_5
Goodwill and Other Intangible Assets Future amortization expense (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 1,215 |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 1,042 |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 887 |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 754 |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | $ 618 |
Mortgage Loans Held for Sale (D
Mortgage Loans Held for Sale (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Mortgages Held-for-sale, Fair Value Disclosure | $ 3,235,000 | $ 2,149,000 | |
Gain (Loss) on Sale of Mortgage Loans | 53,000 | 41,000 | |
Financing Receivable, Held-for-Sale | 6,300,000 | ||
Financing Receivable, Sale | 3,900,000 | ||
Gain (Loss) on Sale of Loans and Leases | 495,000 | ||
Transfer of Loans Held-for-sale to Portfolio Loans | 2,400,000 | ||
Real Estate Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 3,200,000 | $ 2,100,000 | |
Impaired [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held for sale - lower of cost or market | $ 0 | $ 0 |
Foreclosed and Repossessed As_3
Foreclosed and Repossessed Assets (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items] | |||
Other real estate owned | $ 983,000 | $ 1,354,000 | |
Real Estate Owned, Valuation Allowance, Valuation Increase | 60,000 | 12,039,000 | $ 64,000 |
Gains (Losses) on Sales of Other Real Estate | (3,000) | 5,611,000 | $ (4,000) |
Other Repossessed Assets | 1,100,000 | 605,000 | |
Vision related | |||
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items] | |||
Real Estate Owned, Valuation Allowance, Valuation Increase | 0 | 12,000,000 | |
Gains (Losses) on Sales of Other Real Estate | 0 | 5,600,000 | |
Commercial Real Estate [Member] | |||
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items] | |||
Other real estate owned | 983,000 | 1,354,000 | |
Residential real estate | |||
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items] | |||
Other real estate owned | 0 | 0 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 1,957,000 | $ 1,614,000 |
Premises and Equipment (Details
Premises and Equipment (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Line Items] | |||
Premises and Equipment, Gross | $ 235,512,000 | $ 229,335,000 | |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 161,301,000 | 147,209,000 | |
Property, Plant and Equipment, Net | 74,211,000 | 82,126,000 | |
Depreciation, Depletion and Amortization, Nonproduction | 14,000,000 | 13,800,000 | $ 13,300,000 |
Property Subject to or Available for Operating Lease, Gross | 4,691,000 | 4,427,000 | |
Property Subject to or Available for Operating Lease, Accumulated Depreciation | 2,385,000 | 3,162,000 | |
Property Subject to or Available for Operating Lease, Net | 2,306,000 | 1,265,000 | |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 693,000 | 1,100,000 | $ 1,500,000 |
Land [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Premises and Equipment, Gross | 22,176,000 | 22,139,000 | |
Building [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Premises and Equipment, Gross | 98,472,000 | 97,510,000 | |
Furniture and Fixtures [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Premises and Equipment, Gross | 79,662,000 | 77,446,000 | |
Leasehold Improvements [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Premises and Equipment, Gross | 5,684,000 | 3,575,000 | |
Software and Software Development Costs | |||
Property, Plant and Equipment [Line Items] | |||
Premises and Equipment, Gross | $ 29,518,000 | $ 28,665,000 |
Investments in Qualified Affo_3
Investments in Qualified Affordable Housing (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment [Line Items] | |||
Amortization Method Qualified Affordable Housing Project Investments | $ 62,703 | $ 60,968 | |
Affordable Housing Program Obligation | 28,768 | 28,132 | |
Amortization Method Qualified Affordable Housing Project Investments, Amortization | 8,265 | 7,743 | $ 7,313 |
Affordable Housing Tax Credits and Other Tax Benefits, Amount | 9,800 | 9,300 | $ 8,800 |
Qualified Affordable Housing [Domain] | |||
Investment [Line Items] | |||
Amortization Method Qualified Affordable Housing Project Investments | $ 62,703 | $ 60,968 |
Deposits Summary of Deposits (D
Deposits Summary of Deposits (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
Non-interest bearing | $ 2,628,234 | $ 3,074,276 |
Interest-bearing Deposit Liabilities | 5,414,332 | 5,160,439 |
Total deposits | $ 8,042,566 | $ 8,234,715 |
Deposits Maturity of time depos
Deposits Maturity of time deposits (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Deposits [Abstract] | |
Interest-Bearing Domestic Deposit, Brokered | $ 165,000 |
Time Deposit Maturities, Next Twelve Months | 659,791 |
Time Deposit Maturities, Year Two | 91,375 |
Time Deposit Maturities, Year Three | 24,776 |
Time Deposit Maturities, Year Four | 20,828 |
Time Deposit Maturities, Year Five | 9,828 |
Time Deposit Maturities, after Year Five | 2 |
Time Deposits | $ 806,600 |
Deposits (Details)
Deposits (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
Deposits received from executive officers, directors, and their related interests | $ 13.7 | $ 17.5 |
Time Deposits, $250,000 or more | $ 132.8 | $ 44.3 |
Repurchase Agreement Borrowin_3
Repurchase Agreement Borrowings (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] | ||
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount | $ 108,182 | $ 227,342 |
Debt Securities, Available-for-sale | 1,332,842 | 1,733,696 |
Available unpledged securities | 847,000 | 1,147,000 |
Securities Sold under Agreements to Repurchase [Member] | ||
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] | ||
Debt Securities, Available-for-sale | 180,800 | 313,100 |
Maturity Overnight [Member] | ||
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] | ||
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount | 108,182 | 227,342 |
Maturity Less than 30 Days [Member] | ||
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] | ||
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount | 0 | 0 |
Maturity 30 to 90 Days [Member] | ||
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] | ||
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount | 0 | 0 |
Maturity Greater than 90 Days [Member] | ||
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] | ||
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount | $ 0 | $ 0 |
Short Term Borrowings (Details)
Short Term Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Short-term Debt [Line Items] | ||
Other Short-term Borrowings | $ 108,182 | $ 227,342 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | 220,000 | 0 |
Short-term Debt, Total | 328,182 | $ 227,342 |
Average interest rate on FHLB swap | 3.62% | |
Debt Securities, Available-for-sale, Amortized Cost | 1,418,770 | $ 1,854,852 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 7,476,221 | 7,141,891 |
Federal Home Loan Bank Advances [Member] | ||
Short-term Debt [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 5,200 | 6,800 |
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss | 1,959,000 | 1,832,000 |
Securities Sold under Agreements to Repurchase [Member] | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Total | 108,182 | 227,342 |
Short-term Debt, Maximum Month-end Outstanding Amount | 218,126 | 227,342 |
Short-term Debt, Average Outstanding Amount | $ 146,388 | $ 199,813 |
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 1.88% | 1.39% |
Short-term Debt, Weighted Average Interest Rate, over Time | 1.76% | 0.57% |
Federal Home Loan Bank Advances [Member] | ||
Short-term Debt [Line Items] | ||
Short-term Debt, Total | $ 220,000 | $ 0 |
Short-term Debt, Maximum Month-end Outstanding Amount | 247,000 | 25,000 |
Short-term Debt, Average Outstanding Amount | $ 36,634 | $ 7,195 |
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 5.44% | |
Short-term Debt, Weighted Average Interest Rate, over Time | 5.83% | 0.04% |
Long-Term Debt (Details)
Long-Term Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Aug. 02, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 20, 2019 | |
Debt Instrument [Line Items] | |||||
Repayments of Long-term Debt | $ 0 | $ 0 | $ 32,500 | ||
Notes Payable to Banks | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt, Excluding Unamortized Cost of Debt Extinguishment Costs | $ 50,000 | ||||
Repayments of Long-term Debt | $ 27,500 |
Subordinated Notes (Details)
Subordinated Notes (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Aug. 20, 2020 | |
Subordinated Borrowing [Line Items] | |||
Basis spread on variable rate (percent) | 1.74% | ||
Long-term Debt, Gross | $ 175 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.50% | ||
Debt Issuance Costs, Gross | $ 2.4 | ||
Subordinated debt | |||
Subordinated Borrowing [Line Items] | |||
Basis spread on variable rate (percent) | 4.39% | ||
Long-term Debt | $ 174.1 | $ 173.7 | |
Trust I | |||
Subordinated Borrowing [Line Items] | |||
Preferred securities issued | 15 | ||
Junior subordinated notes | |||
Subordinated Borrowing [Line Items] | |||
Junior subordinated debt purchased by Trust I | $ 15.5 |
Derivatives Schedule of derivat
Derivatives Schedule of derivatives (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Borrowing Derivative [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | $ 0 | $ 0 |
Loan Derivative [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | $ 18,199,000 | $ 21,700,000 |
Derivative, Average Fixed Interest Rate | 4.517% | 4.553% |
Derivative, Average Variable Interest Rate | 4.517% | 4.553% |
Derivative, Average Remaining Maturity | 6 years 6 months | 7 years 10 months 24 days |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | $ 0 | $ 0 |
Derivatives Statements of finan
Derivatives Statements of financial performance and financial position (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Borrowing Derivative [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | $ 0 | $ 0 |
Loan Derivative [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 18,199,000 | 21,700,000 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | 0 | 0 |
Other Assets [Member] | Loan Derivative [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 0 | 0 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | 0 | 0 |
Other Assets [Member] | Loan Derivative [Member] | Individually Immaterial Counterparties [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 18,199,000 | 21,700,000 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | (1,069,000) | (1,508,000) |
Other Assets [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 18,199,000 | 21,700,000 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | (1,069,000) | (1,508,000) |
Other Liabilities [Member] | Loan Derivative [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 18,199,000 | 21,700,000 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | 1,069,000 | 1,508,000 |
Other Liabilities [Member] | Loan Derivative [Member] | Individually Immaterial Counterparties [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 0 | 0 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | 0 | 0 |
Other Liabilities [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 18,199,000 | 21,700,000 |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | $ 1,069,000 | $ 1,508,000 |
Derivatives (Details)
Derivatives (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative [Line Items] | |||
Interest Income on Interest-rate Swap | $ 0 | $ 171,000 | $ 614,000 |
Derivative Asset | 87,000 | 46,000 | |
Swaps, fair value | 243,000 | ||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 0 | 66,000 | 0 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 0 | 52,000 | 0 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | 0 | 154,000 | $ 492,000 |
Swap [Member] | |||
Derivative [Line Items] | |||
Swaps, fair value | 123,000 | 243,000 | |
Borrowing Derivative [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 0 | 0 | |
Loan Derivative [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 18,199,000 | 21,700,000 | |
Interest Rate Lock Commitment [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | $ 4,000,000 | $ 2,100,000 |
Share Based Compensation Activi
Share Based Compensation Activity (Details) - shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 199,650 | 211,819 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 62,815 | 55,464 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 4,597 | 8,406 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Period Increase (Decrease) | 0 | (634) | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 186,936 | 199,650 | 211,819 |
Restricted Stock, Shares Issued Net of Shares for Tax Withholdings | 38,842 | 34,245 | |
Shares Paid for Tax Withholding for Share Based Compensation | 23,973 | 21,219 | 18,436 |
2017 Employees Long Term Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 54,698 | 52,335 | |
2017 Employees Long Term Incentive Plan [Member] | Performance Shares [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 54,698 | 52,335 | 61,890 |
Share Based Compensation Nonves
Share Based Compensation Nonvested award cost (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Allocated Share-based Compensation Expense | $ 8,678 |
Share based payment cost not yet recognized, next twelve months | 4,393 |
Share base payment arrangement, cost not yet recognized year two, amount | 2,885 |
Share base payment arrangement, cost not yet recognized year three, amount | 1,206 |
Share base payment arrangement, cost not yet recognized year four, amount | $ 194 |
Share Based Compensation (Detai
Share Based Compensation (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Treasury Stock Reissued Shares For Director Grants | 13,054 | 9,789 | 13,400 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost | $ 1.2 | $ 1.3 | $ 1.7 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | 184,199 | ||
Allocated Share-based Compensation Expense | $ 6.8 | $ 5.9 | $ 6.3 |
2017 Employees Long Term Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 750,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 300,000 | ||
2017 Non Employee Directors LTIP [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 150,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 60,000 |
Benefit Plan (Details)
Benefit Plan (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Nov. 17, 2009 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 0 | $ 0 | |||
Defined Benefit Plan, Benefit Obligation | $ 139,217 | $ 127,394 | $ 182,964 | ||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 5.14% | 5.32% | 3.23% | ||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | 6.92% | 6.92% | 7% | ||
Accumulated benefit obligation for the pension plan | $ 113,400 | $ 106,300 | |||
Common share purchased under pension plan, shares | 115,800 | ||||
Common share purchased under pension plan, value | $ 7,000 | ||||
Common share purchased under pension plan, value per share | $ 60.45 | ||||
Fair value, pension plan common shares held, shares | 115,800 | 115,800 | |||
Fair value of common shares held by pension plan | $ 15,400 | $ 16,300 | |||
Fair value of common shares held by pension plan, per share | $ 132.86 | $ 140.75 | |||
Defined Contribution Plan, Cost | $ 5,000 | $ 4,600 | $ 4,300 | ||
Subsequent Event [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 0 | ||||
Supplemental Executive Retirement Plan (SERP) | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Accrued benefit cost | $ 15,200 | $ 14,200 |
Benefit Plan Schedule of plan a
Benefit Plan Schedule of plan assets and benefit obligation activity (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |||
Defined Benefit Plan, Plan Assets, Amount | $ 232,894 | $ 209,138 | $ 263,473 |
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss) | 34,764 | (37,319) | |
Defined Benefit Plan, Plan Assets, Benefits Paid | 11,008 | 17,016 | |
Defined Benefit Plan, Benefit Obligation | 139,217 | 127,394 | 182,964 |
Defined Benefit Plan, Service Cost | 6,236 | 9,749 | 9,916 |
Defined Benefit Plan, Interest Cost | 6,523 | 5,705 | $ 5,359 |
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment | 0 | 558 | |
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | 10,072 | (54,566) | |
Benefits paid | 11,008 | 17,016 | |
Defined Benefit Plan, Funded (Unfunded) Status of Plan | $ 93,677 | $ 81,744 |
Benefit Plan Schedule of alloca
Benefit Plan Schedule of allocation of plan assets (Details) | Dec. 31, 2023 | Dec. 31, 2022 |
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 100% | 100% |
Equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 85% | 84% |
Fixed Income Funds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 15% | 16% |
Benefit Plan Schedule of assump
Benefit Plan Schedule of assumptions used to determine benefit obligations (Details) | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 5.14% | 5.32% | 3.23% |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate | 3.89% | 4.07% | |
Under age 25 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 7.50% | ||
Under age 30 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 8.25% | 8.25% | |
Ages 25-29 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 7% | ||
Ages 30-34 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 6.75% | ||
Ages 30-39 [Member] [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 6% | 6% | |
Ages 35-39 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 6% | ||
Ages 40-49 [Domain] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 5% | 5% | |
Ages 40-44 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 5.25% | ||
Ages 45-54 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 4.75% | ||
Ages 50 to 54 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 4.25% | 4.25% | |
Ages 50-65 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 3.75% | ||
Ages 55-59 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 3.75% | 3.75% | |
Ages 60-64 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 3.50% | 3.50% | |
Ages 65 and over | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 3.25% | 3.25% | |
Ages 70 and over | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 3% |
Benefit Plan Schedule of estima
Benefit Plan Schedule of estimated future pension benefit payments (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |
Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months | $ 10,966 |
Defined Benefit Plan Expected Future Benefit Payments Year Two | 11,164 |
Defined Benefit Plan Expected Future Benefit Payments Year Three | 11,246 |
Defined Benefit Plan Expected Future Benefit Payments Year Four | 11,245 |
Defined Benefit Plan Expected Future Benefit Payments Year Five | 10,896 |
Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter | 54,844 |
Defined Benefit Plan, Expected Future Benefit Payments, Total | $ 110,361 |
Benefit Plan Schedule of balanc
Benefit Plan Schedule of balances of AOCI (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | ||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax | $ (388) | $ (436) |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax | (2,529) | 8,020 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax | 2,141 | (8,456) |
Deferred Tax Liabilities, Deferred Expense | (449) | |
Deferred Tax Assets, Tax Deferred Expense, Other | 1,776 | |
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax | $ 1,692 | $ (6,680) |
Benefit Plan Schedule of compon
Benefit Plan Schedule of components of net periodic benefit cost and other amounts recognized in OCI (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | |||
Defined Benefit Plan, Service Cost | $ (6,236) | $ (9,749) | $ (9,916) |
Defined Benefit Plan, Interest Cost | (6,523) | (5,705) | (5,359) |
Defined Benefit Plan, Expected Return (Loss) on Plan Assets | 14,143 | 17,798 | 15,731 |
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | (48) | 15 | (2,220) |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | 1,336 | 2,359 | (1,764) |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax | 10,549 | (1,109) | 34,019 |
Defined Benefit Plan, Amortization of Gain (Loss) | 48 | (15) | 2,220 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax | 10,597 | (1,124) | 36,239 |
Total Recognized In Net Benefit Cost And Other Comprehensive Loss Income | $ 11,933 | $ 1,235 | $ 34,475 |
Benefit Plan Schedule of assu_2
Benefit Plan Schedule of assumptions used to determine costs (Details) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 5.32% | 3.23% | 3% |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | 6.92% | 6.92% | 7% |
Under age 30 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 8.25% | 8.25% | 8.25% |
Ages 30-39 [Member] [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 6% | 6% | 6% |
Ages 40-49 [Domain] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 5% | 5% | 5% |
Ages 50 to 54 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 4.25% | 4.25% | 4.25% |
Ages 55-59 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 3.75% | 3.75% | 3.75% |
Ages 60-64 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 3.50% | 3.50% | 3.50% |
Ages 65 and over | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 3.25% | 3.25% | 3.25% |
Benefit Plan Schedule of Plan_2
Benefit Plan Schedule of Plan Assets and Net Benefit Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | $ 232,894 | $ 209,138 | $ 263,473 |
Defined Benefit Plan, Service Cost | 6,236 | 9,749 | 9,916 |
Defined Benefit Plan, Interest Cost | 6,523 | 5,705 | 5,359 |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | 1,336 | 2,359 | (1,764) |
Supplemental Executive Retirement Plan (SERP) | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Service Cost | 1,224 | 1,091 | 1,345 |
Defined Benefit Plan, Interest Cost | 567 | 564 | 510 |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | (1,791) | (1,655) | $ (1,855) |
Level 1 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 200,098 | 180,153 | |
Level 1 | Defined Benefit Plan, Cash | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 1,395 | 1,959 | |
Level 1 | Defined Benefit Plan, Equity Securities, US | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 148,963 | 132,101 | |
Level 1 | Obligations of U.S. Treasury and other U.S. Government sponsored entities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 0 | 0 | |
Level 1 | Corporate Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 0 | 0 | |
Level 1 | Mutual Fund | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 49,740 | 46,093 | |
Level 2 | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 32,796 | 28,985 | |
Level 2 | Defined Benefit Plan, Cash | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 4,758 | 3,910 | |
Level 2 | Defined Benefit Plan, Equity Securities, US | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 0 | 0 | |
Level 2 | Obligations of U.S. Treasury and other U.S. Government sponsored entities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 12,466 | 12,513 | |
Level 2 | Corporate Debt Securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | 15,572 | 12,562 | |
Level 2 | Mutual Fund | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Amount | $ 0 | $ 0 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investments, Owned, Federal Income Tax Note [Line Items] | |||
State and Local Income Tax Expense (Benefit), Continuing Operations | $ 1,200 | $ 1,300 | $ 1,000 |
Deferred Tax Assets, Operating Loss Carryforwards | 2,222 | 2,654 | |
State and Local Jurisdiction [Member] | |||
Investments, Owned, Federal Income Tax Note [Line Items] | |||
Deferred Tax Assets, Operating Loss Carryforwards | 200 | 300 | |
Domestic Tax Authority [Member] | |||
Investments, Owned, Federal Income Tax Note [Line Items] | |||
Deferred Tax Assets, Operating Loss Carryforwards | $ 2,000 | $ 2,400 |
Income Taxes Schedule of deferr
Income Taxes Schedule of deferred income tax asset and liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Components of Deferred Tax Assets [Abstract] | ||
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses | $ 18,248 | $ 18,615 |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Pensions | 0 | 1,776 |
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross | 18,045 | 25,443 |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | 6,177 | 6,255 |
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Impairment Losses | 100 | 11 |
Deferred tax asset, deferred loan fees | 1,384 | 1,898 |
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | 205 | 317 |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | 3,019 | 2,827 |
Deferred Tax Assets, Operating Loss Carryforwards | 2,222 | 2,654 |
Deferred Tax Assets, Capital Loss Carryforwards | 0 | 299 |
Deferred Tax Assets, Property, Plant and Equipment | 1,243 | 510 |
Deferred Tax Assets, Operating lease liability | 3,620 | 4,206 |
Deferred Tax Assets, Other | 1,759 | 1,950 |
Deferred Tax Assets, Gross | 56,022 | 66,761 |
Components of Deferred Tax Liabilities [Abstract] | ||
Deferred Tax Liabilities, Other Comprehensive Income | 449 | 0 |
Deferred Tax Liabilities, Investments | 2,455 | 4,890 |
Deferred Tax Liabilities, Prepaid Expenses | 19,962 | 19,678 |
Deferred Tax Liabilities, Mortgage Servicing Rights | 3,196 | 3,445 |
Deferred Tax Liabilities, Partnership Adjustments | 1,540 | 884 |
Deferred Tax Liabilities, Deferred Expense, Deferred Policy Acquisition Cost | 807 | 952 |
Deferred Tax Liabilities, Operating lease right of use asset | 3,426 | 3,837 |
Deferred Tax Liabilities, Leasing Arrangements | 2,308 | 2,325 |
Deferred Tax Liabilities, Other | 614 | 565 |
Deferred Tax Liabilities, Tax Deferred Income | 34,757 | 36,576 |
Deferred Tax Assets, Net | $ 21,265 | $ 30,185 |
Income Taxes Federal and State
Income Taxes Federal and State income taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | |||
Current Federal Tax Expense (Benefit) | $ 18,118 | $ 22,574 | $ 28,726 |
Current State and Local Tax Expense (Benefit) | 1,190 | 1,180 | 1,382 |
Other Tax Expense (Benefit) | 8,265 | 7,743 | 7,313 |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | |||
Deferred Federal Income Tax Expense (Benefit) | (708) | 464 | (3,006) |
Deferred State and Local Income Tax Expense (Benefit) | 5 | 147 | (125) |
Income taxes | $ 26,870 | $ 32,108 | $ 34,290 |
Income Taxes Schedule of income
Income Taxes Schedule of income tax rate reconciliation (Details) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21% | 21% | 21% |
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent | 1.90% | 1.60% | 1.20% |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Life Insurance, Percent | 0.70% | 0.70% | 0.50% |
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Percent | 1% | 0.80% | 0.80% |
Effective Income Tax Rate Reconciliation, Deduction, Employee Stock Ownership Plan Dividend, Percent | 0.60% | 0.50% | 0.50% |
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | (0.70%) | (0.40%) | (0.20%) |
Effective Income Tax Rate Reconciliation, Percent | 17.50% | 17.80% | 18.20% |
Income Taxes Reconciliation of
Income Taxes Reconciliation of unrecognized tax benefits (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of Unrecognized Tax Benefits [Roll Forward] | |||
Unrecognized Tax Benefits, Beginning Balance | $ 69,000 | $ 339,000 | $ 633,000 |
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions | 47,000 | 0 | 0 |
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions | 52,000 | 25,000 | 10,000 |
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations | 23,000 | 295,000 | 304,000 |
Unrecognized Tax Benefits, Ending Balance | 145,000 | 69,000 | 339,000 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 100,000 | 100,000 | 300,000 |
Income Tax Examination, Penalties and Interest Expense | 1,500 | (56,000) | (45,500) |
Income Tax Examination, Penalties and Interest Accrued | $ 11,000 | $ 9,500 | $ 65,500 |
Other Comprehensive Income (Det
Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $ (1,692) | $ 6,680 | $ 5,792 | $ 34,421 |
Accumulated Other Comprehensive Income (Loss), Debt Securities, Available-for-sale, Adjustment, after Tax | (67,883) | (95,714) | 21,153 | 40,690 |
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | 0 | 0 | (206) | (698) |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (66,191) | (102,394) | 15,155 | $ 5,571 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax | (8,334) | 876 | (26,875) | |
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Reclassification Adjustments, after Tax | 21,610 | (116,867) | (19,537) | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | 0 | 154 | 492 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 29,944 | (117,589) | 7,830 | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax | 38 | (12) | 1,754 | |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | (6,221) | 0 | 0 | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 0 | 52 | 0 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (6,259) | (40) | (1,754) | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax | (8,372) | 888 | (28,629) | |
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax | 27,831 | (116,867) | (19,537) | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | 0 | 206 | 492 | |
Other Comprehensive Income (Loss), Net of Tax | 36,203 | (117,549) | 9,584 | |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax | 0 | 0 | 2,235 | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax | 10 | (3) | 466 | |
Gain (Loss) on Sale of Investments | (7,875) | 0 | 0 | |
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax | 7,875 | 0 | 0 | |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 1,654 | 0 | 0 | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax | 10,549 | (1,109) | 34,019 | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax | 48 | (15) | (15) | |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax | 48 | (15) | 2,220 | |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | $ 0 | $ 14 | $ 0 | |
OCI, Cash Flow Hedge, Reclassification for Discontinuance, Statement of Income or Comprehensive Income [Extensible Enumeration] | Miscellaneous | Miscellaneous | Miscellaneous | |
Available-for-sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | $ 7,875 | $ 0 | $ 0 | |
Available-for-sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $ 6,221 | $ 0 | $ 0 |
Earnings Per Share Summary of C
Earnings Per Share Summary of Computation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |||
Net Income (Loss) Available to Common Stockholders, Basic | $ 126,734 | $ 148,351 | $ 153,945 |
Weighted Average Number of Shares Outstanding, Basic | 16,163,500 | 16,246,009 | 16,291,016 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 86,519 | 119,300 | 134,190 |
Weighted Average Number of Shares Outstanding, Diluted | 16,250,019 | 16,365,309 | 16,425,206 |
Basic (in dollars per share) | $ 7.84 | $ 9.13 | $ 9.45 |
Diluted (in dollars per share) | $ 7.80 | $ 9.06 | $ 9.37 |
Earnings Per Share (Details)
Earnings Per Share (Details) - shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Common Stock [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Treasury Stock, Shares, Acquired | 199,000 | 137,659 | |
2017 Employees Long Term Incentive Plan [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 54,698 | 52,335 | |
2017 Employees Long Term Incentive Plan [Member] | Common Stock [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Treasury Stock, Shares, Acquired | 199,000 | 0 | 137,659 |
2017 Employees Long Term Incentive Plan [Member] | Performance Shares [Member] | |||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 54,698 | 52,335 | 61,890 |
Dividend Restrictions (Details)
Dividend Restrictions (Details) $ in Millions | Dec. 31, 2023 USD ($) |
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] | |
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval | $ 112.9 |
Financial Instruments With Of_3
Financial Instruments With Off-Balance Sheet Risk and Financial Instruments With Concentrations of Credit Risk (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Risks and Uncertainties [Abstract] | ||
Unused Commitments to Extend Credit | $ 1,527,577 | $ 1,416,699 |
Letters of Credit Outstanding, Amount | $ 31,261 | $ 30,468 |
Loan Servicing (Details)
Loan Servicing (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Servicing Assets at Fair Value [Line Items] | |||
Serviced sold mortgage loans | $ 1,934,000,000 | $ 2,051,000,000 | $ 2,132,000,000 |
Serviced sold mortgage loans with recourse | 2,900,000 | 3,200,000 | 3,300,000 |
Mortgage loans sold with recourse, reserve | 54,000 | 59,000 | |
Escrow Deposit | $ 19,200,000 | $ 17,900,000 | |
Mortgage servicing rights, discount rate | 12% | 12% | |
Bank Servicing [Member] | |||
Servicing Assets at Fair Value [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 10,300,000 | $ 15,295,000 | 29,812,000 |
Bank Servicing [Member] | Real Estate Loan [Member] | |||
Servicing Assets at Fair Value [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 5,200,000 | $ 5,400,000 | $ 5,300,000 |
Minimum | |||
Servicing Assets at Fair Value [Line Items] | |||
Mortgage servicing rights, constant prepayment speeds | 6.12% | 6.96% | |
Maximum | |||
Servicing Assets at Fair Value [Line Items] | |||
Mortgage servicing rights, constant prepayment speeds | 27.50% | 19.14% | |
Mortgages [Member] | |||
Servicing Assets at Fair Value [Line Items] | |||
Servicing Asset at Amortized Cost, Fair Value | $ 16,700,000 | $ 17,400,000 |
Loan Servicing Activity of MSRs
Loan Servicing Activity of MSRs and the related valuation allowance (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Servicing Asset at Amortized Cost, Balance [Roll Forward] | |||
Servicing Asset at Amortized Cost, Beginning Balance | $ 15,792 | $ 15,264 | $ 12,210 |
Servicing Asset at Amortized Cost, Additions | 535 | 1,455 | 4,945 |
Servicing Asset at Amortized Cost, Amortization | 1,759 | 2,313 | 3,512 |
Servicing Asset at Amortized Cost, Increase (Decrease) for Valuation Allowance Adjustment | 88 | 1,386 | 1,621 |
Servicing Asset at Amortized Cost, Ending Balance | 14,656 | 15,792 | 15,264 |
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward] | |||
Valuation Allowance for Impairment of Recognized Servicing Assets, Balance, Beginning Balance | 182 | 1,568 | 3,189 |
Valuation Allowance for Impairment of Recognized Servicing Assets, Additions (Deductions) for Expenses (Recoveries) | (88) | (1,386) | (1,621) |
Valuation Allowance for Impairment of Recognized Servicing Assets, Balance, Ending Balance | $ 94 | $ 182 | $ 1,568 |
Leases (Details)
Leases (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Lessee, Lease, Description [Line Items] | ||
Operating Lease, Right-of-Use Asset | $ 15,715 | $ 17,600 |
Operating Lease, Liability | $ 16,605 | $ 19,291 |
Operating Lease, Weighted Average Remaining Lease Term | 10 years 1 month 6 days | 10 years |
Operating Lease, Weighted Average Discount Rate, Percent | 3.50% | 3.30% |
Other Liabilities [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Operating Lease, Liability | $ 16,605 | $ 19,300 |
Other Assets [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Operating Lease, Right-of-Use Asset | $ 15,700 | $ 17,600 |
Leases, Lease Cost (Details)
Leases, Lease Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Leases [Abstract] | |||
Operating Lease, Cost | $ 2,874 | $ 3,073 | $ 2,827 |
Sublease Income | 273 | 252 | 253 |
Lease, Cost, Total | 2,601 | 2,821 | 2,574 |
Operating Lease, Payments | 3,630 | 3,116 | 3,199 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 545 | 7,867 | 1,190 |
reductions to right of use assets resulting from reduction in lease obligations | $ 3,062 | $ 2,812 | $ 2,865 |
Leases, Operating lease liabili
Leases, Operating lease liabilities payments due (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Lessee, Lease, Description [Line Items] | ||
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months | $ 2,495 | |
Lessee, Operating Lease, Liability, Payments, Due Year Two | 2,169 | |
Lessee, Operating Lease, Liability, Payments, Due Year Three | 2,107 | |
Lessee, Operating Lease, Liability, Payments, Due Year Four | 2,014 | |
Lessee, Operating Lease, Liability, Payments, Due Year Five | 2,027 | |
Lessee, Operating Lease, Liability, Payments, Due after Year Five | 9,435 | |
Lessee, Operating Lease, Liability, Payments, Due | 20,247 | |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | 3,642 | |
Operating Lease, Liability | 16,605 | $ 19,291 |
Other Liabilities [Member] | ||
Lessee, Lease, Description [Line Items] | ||
Operating Lease, Liability | $ 16,605 | $ 19,300 |
Fair Value (Details)
Fair Value (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Other Repossessed Assets | $ 1,100,000 | $ 605,000 | ||
Discount percentage applied to real estate appraised values | 15% | |||
Discount percentage applied to lot development appraised values | 6% | |||
Mortgage loan servicing rights | $ 14,656,000 | 15,792,000 | $ 15,264,000 | $ 12,210,000 |
Servicing Asset at Fair Value, Amount | 900,000 | 1,700,000 | ||
Valuation Allowance for Impairment of Recognized Servicing Assets, Balance | 94,000 | 182,000 | 1,568,000 | $ 3,189,000 |
MSRs recorded at cost | 13,800,000 | 14,100,000 | ||
Valuation Allowance for Impairment of Recognized Servicing Assets, Additions (Deductions) for Expenses (Recoveries) | (88,000) | (1,386,000) | (1,621,000) | |
Other real estate owned | 983,000 | 1,354,000 | ||
Estimated fair value of other real estate owned (OREO) | 938,000 | |||
OREO devaluations | (400,000) | 11,300,000 | 32,000 | |
Alternative Investment | 45,885,000 | 44,657,000 | ||
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 18,400,000 | 20,300,000 | ||
Alternative Investment, income recognized | 371,000 | 2,400,000 | $ 4,500,000 | |
Nonrecurring basis | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Servicing Asset at Fair Value, Amount | 866,000 | 1,717,000 | ||
Fair Value Measured at Net Asset Value Per Share [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Alternative Investment | $ 27,500,000 | $ 24,400,000 |
Fair Value Schedule of Financia
Fair Value Schedule of Financial Assets and Liabilities measured on recurring basis (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgages Held-for-sale, Fair Value Disclosure | $ 3,235,000 | $ 2,149,000 |
Derivative Asset | 87,000 | 46,000 |
Swaps, fair value | 243,000 | |
Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Swaps, fair value | 123,000 | 243,000 |
Recurring basis | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgages Held-for-sale, Fair Value Disclosure | 3,235,000 | 2,149,000 |
Derivative Asset | 87,000 | 46,000 |
Recurring basis | US Government-sponsored Enterprises Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 37,213,000 | |
Recurring basis | Obligations of States and Political Subdivisions | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 241,184,000 | 406,711,000 |
Recurring basis | U S Government Sponsored Entities Asset Backed Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 635,475,000 | 756,761,000 |
Recurring basis | Collateralized Loan Obligations | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 438,286,000 | 516,539,000 |
Recurring basis | Corporate Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 17,897,000 | 16,472,000 |
Recurring basis | Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 2,089,000 | 1,859,000 |
Recurring basis | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset | 1,069,000 | 1,508,000 |
Swaps, fair value | 1,069,000 | 1,508,000 |
Recurring basis | Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Swaps, fair value | 123,000 | |
Level 1 | Recurring basis | Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 1,616,000 | 1,420,000 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgages Held-for-sale, Fair Value Disclosure | 3,235,000 | 2,149,000 |
Level 2 | Recurring basis | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgages Held-for-sale, Fair Value Disclosure | 3,235,000 | 2,149,000 |
Derivative Asset | 87,000 | 46,000 |
Level 2 | Recurring basis | US Government-sponsored Enterprises Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 37,213,000 | |
Level 2 | Recurring basis | Obligations of States and Political Subdivisions | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 241,184,000 | 406,711,000 |
Level 2 | Recurring basis | U S Government Sponsored Entities Asset Backed Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 635,475,000 | 756,761,000 |
Level 2 | Recurring basis | Collateralized Loan Obligations | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 438,286,000 | 516,539,000 |
Level 2 | Recurring basis | Corporate Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 11,548,000 | 9,472,000 |
Level 2 | Recurring basis | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset | 1,069,000 | 1,508,000 |
Swaps, fair value | 1,069,000 | 1,508,000 |
Fair Value, Inputs, Level 3 [Member] | Recurring basis | Corporate Debt Securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 6,349,000 | 7,000,000 |
Fair Value, Inputs, Level 3 [Member] | Recurring basis | Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 473,000 | 439,000 |
Fair Value, Inputs, Level 3 [Member] | Recurring basis | Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Swaps, fair value | $ 123,000 | $ 243,000 |
Fair Value Reconciliation of Le
Fair Value Reconciliation of Level 3 Input for Financial Instruments measured on recurring basis (Details) - Fair Value, Inputs, Level 3 [Member] - Recurring basis - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Equity securities | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 473 | $ 439 | $ 499 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 34 | (60) | |
Swap [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | (123) | (243) | (226) |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) | (175) | (221) | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings | 295 | 204 | |
Corporate Debt Securities | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 6,349 | 7,000 | $ 0 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 0 | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) | (662) | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | $ 11 | $ 7,000 |
Fair Value Assets and Liabiliti
Fair Value Assets and Liabilities measured on nonrecurring basis (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans carried at fair value | $ 2,497,000 | $ 5,773,000 |
Loans Receivable, Fair Value Disclosure | 7,206,670,000 | 6,926,294,000 |
Servicing Asset at Fair Value, Amount | 900,000 | 1,700,000 |
Other Assets, Fair Value Disclosure | 7,200,851,000 | 6,918,326,000 |
Other Repossessed Assets | 1,100,000 | 605,000 |
Nonrecurring basis | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 2,497,000 | 5,773,000 |
Servicing Asset at Fair Value, Amount | 866,000 | 1,717,000 |
Other Assets, Fair Value Disclosure | 938,000 | 0 |
Nonrecurring basis | Residential real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 182,000 | 200,000 |
Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 2,315,000 | 5,573,000 |
Other Assets, Fair Value Disclosure | 938,000 | |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Level 1 | Nonrecurring basis | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Assets, Fair Value Disclosure | 0 | 0 |
Level 1 | Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Assets, Fair Value Disclosure | 0 | |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 3,322,000 | 2,195,000 |
Level 2 | Nonrecurring basis | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Servicing Asset at Fair Value, Amount | 866,000 | 1,717,000 |
Other Assets, Fair Value Disclosure | 0 | 0 |
Level 2 | Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Assets, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans carried at fair value | 2,497,000 | 5,773,000 |
Loans Receivable, Fair Value Disclosure | 7,203,348,000 | 6,924,099,000 |
Other Assets, Fair Value Disclosure | 7,200,851,000 | 6,918,326,000 |
Fair Value, Inputs, Level 3 [Member] | Nonrecurring basis | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 2,497,000 | 5,773,000 |
Other Assets, Fair Value Disclosure | 938,000 | 0 |
Fair Value, Inputs, Level 3 [Member] | Nonrecurring basis | Residential real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 182,000 | 200,000 |
Fair Value, Inputs, Level 3 [Member] | Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Receivable, Fair Value Disclosure | 2,315,000 | $ 5,573,000 |
Other Assets, Fair Value Disclosure | $ 938,000 |
Fair Value Impaired financing r
Fair Value Impaired financing receivables (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Impaired [Line Items] | |||
Book Value Of Impaired Loans Carried At Fair Value | $ 2,499 | $ 5,903 | |
Partial Charge-Offs On Impaired Loans carried at Fair Value | 2,048 | 1,523 | |
Impaired Financing Receivable, Related Allowance | 5,801 | 4,175 | |
Impaired loans carried at fair value | 2,497 | 5,773 | |
Impaired Financing Receivable, loans not held at Fair Value, Recorded Investment | 42,716 | 72,438 | |
Partial Charge-offs on Impaired Loans carried at Cost | 301 | 252 | |
impaired Financing Receivable, loans not held at Fair Value, Carrying Amount | 37,735 | 69,002 | |
Impaired Financing Receivable, Recorded Investment | 45,215 | 78,341 | |
Partial charge-offs on impaired loans | 2,349 | 1,775 | |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 4,983 | 3,566 | |
Impaired Financing Receivable, Carrying Value | 40,232 | 74,775 | |
Impaired Financing Receivable, carried at fair value, related expense | (1,000) | (900) | $ 500 |
Commercial Receivables, excluding Commercial, Financial, and Agricultural [Domain] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Related Allowance | 2 | 130 | |
Financing Receivable, not collateral dependent [Domain] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired Financing Receivable, Related Allowance | $ 4,981 | $ 3,436 |
Fair Value Schedule of qualitat
Fair Value Schedule of qualitative information on Level 3 measurements (Details) $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loans carried at fair value | $ 2,497 | $ 5,773 |
Other Assets, Fair Value Disclosure | 7,200,851 | 6,918,326 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loans carried at fair value | 2,497 | 5,773 |
Other Assets, Fair Value Disclosure | 7,200,851 | 6,918,326 |
Nonrecurring basis | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Assets, Fair Value Disclosure | 938 | 0 |
Nonrecurring basis | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Assets, Fair Value Disclosure | 938 | $ 0 |
Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Assets, Fair Value Disclosure | 938 | |
Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Assets, Fair Value Disclosure | $ 938 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Minimum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.002 | 0 |
Other Real Estate Owned, Measurement Input | 0.050 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Minimum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.075 | 0.070 |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Minimum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Appraised Value | Valuation, Cost Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.388 | |
Other Real Estate Owned, Measurement Input | 0.500 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Minimum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Commodity Market Price | Valuation, Cost Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.100 | |
Other Real Estate Owned, Measurement Input | 0.050 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Maximum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.890 | 2.020 |
Other Real Estate Owned, Measurement Input | 0.100 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Maximum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.095 | 0.100 |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Maximum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Commodity Market Price | Valuation, Cost Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.120 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.212 | 0.194 |
Other Real Estate Owned, Measurement Input | 0.075 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.089 | 0.079 |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Appraised Value | Valuation, Cost Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.388 | |
Other Real Estate Owned, Measurement Input | 0.500 | |
Loans Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Commodity Market Price | Valuation, Cost Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.114 | |
Other Real Estate Owned, Measurement Input | 0.050 | |
Loans Receivable [Member] | Residential real estate | Minimum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.012 | 0.019 |
Loans Receivable [Member] | Residential real estate | Maximum | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.786 | 1.198 |
Loans Receivable [Member] | Residential real estate | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Valuation, Market Approach [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired Loans Receivable, Measurement Input | 0.076 | 0.174 |
Loans Receivable [Member] | Nonrecurring basis | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loans carried at fair value | $ 2,315 | $ 5,573 |
Loans Receivable [Member] | Nonrecurring basis | Residential real estate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loans carried at fair value | 182 | $ 200 |
Other real estate owned | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Other Assets, Fair Value Disclosure | $ 938 |
Fair Value by Balance Sheet gro
Fair Value by Balance Sheet grouping (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and Cash Equivalents, Fair Value Disclosure | $ 218,268,000 | $ 189,728,000 |
Investment Owned, at Fair Value | 1,332,842,000 | 1,733,696,000 |
Mortgages Held-for-sale, Fair Value Disclosure | $ 3,235,000 | $ 2,149,000 |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Derivative Asset | $ 87,000 | $ 46,000 |
Impaired loans carried at fair value | 2,497,000 | 5,773,000 |
Other Assets, Fair Value Disclosure | 7,200,851,000 | 6,918,326,000 |
Loans Receivable, Fair Value Disclosure | 7,206,670,000 | 6,926,294,000 |
Time Deposits, Fair Value | 641,180,000 | 552,443,000 |
Brokered Deposits and BID CDs Fair Value | 165,059,000 | |
Other Liabilities, Fair Value Disclosure | 1,261,000 | 1,325,000 |
Deposits, Fair Value Disclosure | 807,500,000 | 553,768,000 |
Short-term Debt, Fair Value | 328,182,000 | 227,342,000 |
Subordinated Debt Obligations, Fair Value Disclosure | 172,059,000 | 177,928,000 |
Swaps, fair value | 243,000 | |
Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment Owned, at Fair Value | $ 2,089,000 | $ 1,859,000 |
Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Swaps, fair value | $ 123,000 | $ 243,000 |
Level 1 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and Cash Equivalents, Fair Value Disclosure | $ 218,268,000 | $ 189,728,000 |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Loans Receivable, Fair Value Disclosure | $ 0 | $ 0 |
Other Liabilities, Fair Value Disclosure | 1,261,000 | 1,325,000 |
Deposits, Fair Value Disclosure | 1,261,000 | 1,325,000 |
Level 1 | Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment Owned, at Fair Value | $ 1,616,000 | $ 1,420,000 |
Level 1 | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Level 1 | Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment Owned, at Fair Value | $ 1,326,493,000 | $ 1,726,696,000 |
Mortgages Held-for-sale, Fair Value Disclosure | $ 3,235,000 | $ 2,149,000 |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Loans Receivable, Fair Value Disclosure | $ 3,322,000 | $ 2,195,000 |
Time Deposits, Fair Value | 641,180,000 | 552,443,000 |
Brokered Deposits and BID CDs Fair Value | 165,059,000 | |
Deposits, Fair Value Disclosure | 806,239,000 | 552,443,000 |
Short-term Debt, Fair Value | 328,182,000 | 227,342,000 |
Subordinated Debt Obligations, Fair Value Disclosure | $ 172,059,000 | $ 177,928,000 |
Level 2 | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Level 2 | Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment Owned, at Fair Value | $ 6,349,000 | $ 7,000,000 |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Impaired loans carried at fair value | $ 2,497,000 | $ 5,773,000 |
Other Assets, Fair Value Disclosure | 7,200,851,000 | 6,918,326,000 |
Loans Receivable, Fair Value Disclosure | 7,203,348,000 | 6,924,099,000 |
Deposits, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment Owned, at Fair Value | $ 473,000 | $ 439,000 |
Fair Value, Inputs, Level 3 [Member] | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Fair Value, Inputs, Level 3 [Member] | Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Estimate of Fair Value Measurement [Member] | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and Cash Equivalents, Fair Value Disclosure | $ 218,268,000 | $ 189,728,000 |
Investment Owned, at Fair Value | 1,332,842,000 | 1,733,696,000 |
Mortgages Held-for-sale, Fair Value Disclosure | $ 3,235,000 | $ 2,149,000 |
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Impaired loans carried at fair value | $ 2,497,000 | $ 5,773,000 |
Other Assets, Fair Value Disclosure | 7,386,657,000 | 7,048,544,000 |
Loans Receivable, Fair Value Disclosure | 7,392,476,000 | 7,056,512,000 |
Time Deposits, Fair Value | 641,615,000 | 554,445,000 |
Brokered Deposits and BID CDs Fair Value | 164,985,000 | |
Other Liabilities, Fair Value Disclosure | 1,261,000 | 1,325,000 |
Deposits, Fair Value Disclosure | 807,861,000 | 555,770,000 |
Short-term Debt, Fair Value | 328,182,000 | 227,342,000 |
Subordinated Debt Obligations, Fair Value Disclosure | 189,147,000 | 188,667,000 |
Reported Value Measurement [Member] | Equity securities | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment Owned, at Fair Value | $ 2,089,000 | $ 1,859,000 |
Reported Value Measurement [Member] | Loans Receivable [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Reported Value Measurement [Member] | Swap [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | |
Derivative Liability, Type [Extensible Enumeration] | Other Liabilities | Other Liabilities |
Capital Ratios (Details)
Capital Ratios (Details) $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Banking Regulation, Capital Conservation Buffer, Capital Conserved, Minimum | 0.0250 | |
Park National Bank | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier One Leverage Capital to Average Assets | 0.0911 | 0.0834 |
Tier One Risk Based Capital to Risk Weighted Assets | 0.1095 | 0.1069 |
Common Equity Tier 1 | 0.1095 | 0.1069 |
Capital to Risk Weighted Assets | 0.1235 | 0.1215 |
Leverage Capital Required For Capital Adequacy To Average Total Assets | 0.0400 | 0.0400 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 0.0600 | 0.0600 |
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 0.0450 | 0.0450 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 0.0800 | 0.0800 |
Common Equity Tier One Capital Required to be Well-Capitalized | $ 529,043 | $ 516,562 |
Leverage Capital Required To Be Well Capitalized To Average Total Assets | 0.0500 | 0.0500 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 0.0800 | 0.0800 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 0.1000 | 0.1000 |
Capital Required for Capital Adequacy | $ 651,130 | $ 635,769 |
Capital Required to be Well Capitalized | 813,913 | 794,711 |
Tier One Risk Based Capital | 891,363 | 849,886 |
Tier One Risk Based Capital Required for Capital Adequacy | 488,348 | 476,827 |
Tier One Risk Based Capital Required to be Well Capitalized | 651,130 | 635,769 |
Tier One Leverage Capital | 891,363 | 849,886 |
Tier One Leverage Capital Required for Capital Adequacy | 391,376 | 407,836 |
Tier One Leverage Capital Required to be Well Capitalized | 489,220 | 509,795 |
Common Equity Tier One Capital | 891,363 | 849,886 |
Common Equity Tier One Capital Required for Capital Adequacy | $ 366,261 | $ 357,620 |
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum | 0.0650 | 0.0650 |
Banking Regulation, Total Capital, Actual | $ 1,005,211 | $ 965,470 |
Park | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier One Leverage Capital to Average Assets | 0.1074 | 0.0990 |
Tier One Risk Based Capital to Risk Weighted Assets | 0.1297 | 0.1276 |
Common Equity Tier 1 | 0.1279 | 0.1257 |
Capital to Risk Weighted Assets | 0.1619 | 0.1607 |
Leverage Capital Required For Capital Adequacy To Average Total Assets | 0.0400 | 0.0400 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 0.0600 | 0.0600 |
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 0.0450 | 0.0450 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 0.0800 | 0.0800 |
Leverage Capital Required For Capital Adequacy plus capital conservation buffer To Average Total Assets | 4% | 4% |
Tier One Risk Based Capital Required For Capital Adequacy plus capital conservation buffer To Average Total Assets | 8.50% | 8.50% |
Common Equity Tier 1 Capital Required For Capital Adequacy plus capital conservation buffer To Average Total Assets | 7% | 7% |
Capital Required For Capital Adequacy plus capital conservation buffer To Average Total Assets | 10.50% | 10.50% |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 0.0600 | 0.0600 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 0.1000 | 0.1000 |
Capital Required for Capital Adequacy | $ 654,197 | $ 639,102 |
Capital Required to be Well Capitalized | 817,747 | 798,877 |
Tier One Risk Based Capital | 1,060,593 | 1,019,149 |
Tier One Risk Based Capital Required for Capital Adequacy | 490,648 | 479,326 |
Tier One Risk Based Capital Required to be Well Capitalized | 490,648 | 479,326 |
Tier One Leverage Capital | 1,060,593 | 1,019,149 |
Tier One Leverage Capital Required for Capital Adequacy | 395,131 | 411,838 |
Common Equity Tier One Capital | 1,045,593 | 1,004,149 |
Common Equity Tier One Capital Required for Capital Adequacy | 367,986 | 359,495 |
Banking Regulation, Total Capital, Actual | $ 1,323,588 | $ 1,283,409 |
Parent Company Statements (Deta
Parent Company Statements (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Parent Company | |||
Income Taxes Paid, Net | $ 6.1 | $ 2.2 | $ 4.3 |
Parent Company Balance Sheet (D
Parent Company Balance Sheet (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Other Assets | $ 796,565 | $ 787,966 | ||
Assets, Total | 9,836,453 | 9,854,993 | ||
Subordinated Debt | 189,147 | 188,667 | ||
Other Liabilities | 131,265 | 135,043 | ||
Total liabilities | 8,691,160 | 8,785,767 | ||
Total liabilities and shareholders’ equity | 9,836,453 | 9,854,993 | ||
Parent Company | ||||
Cash | 282,151 | 274,464 | $ 243,531 | $ 248,814 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 1,007,342 | 941,826 | ||
Debentures Receivable From Subsidiary Banks | 25,000 | 25,000 | ||
Other Receivables | 1,160 | 0 | ||
Other Investments | 1,170 | 1,177 | ||
Other Assets | 35,610 | 36,636 | ||
Assets, Total | 1,352,433 | 1,279,103 | ||
Subordinated Debt | 189,147 | 188,667 | ||
Other Liabilities | 17,538 | 17,585 | ||
Total liabilities | 207,140 | 209,877 | ||
Stockholders' Equity Attributable to Parent | 1,145,293 | 1,069,226 | ||
Total liabilities and shareholders’ equity | 1,352,433 | 1,279,103 | ||
Parent Company | Subsidiaries | ||||
Accounts Payable, Related Parties | $ 455 | $ 3,625 |
Parent Company Statements of In
Parent Company Statements of Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Interest and Dividend Income, Operating | $ 471,670 | $ 378,247 | $ 345,853 |
Interest Expense | 98,557 | 31,188 | 15,960 |
Income taxes | 26,870 | 32,108 | 34,290 |
Net Income (Loss) Attributable to Parent | 126,734 | 148,351 | 153,945 |
Other Comprehensive Income (Loss), Net of Tax | 36,203 | (117,549) | 9,584 |
Parent Company | |||
Dividends From Subsidiaries | 110,000 | 120,000 | 115,500 |
Interest and Dividend Income, Operating | 1,678 | 1,250 | 1,250 |
Other Income | 163 | 2,478 | 2,016 |
Revenues | 111,841 | 123,728 | 118,766 |
Interest Expense | 9,383 | 8,833 | 8,887 |
Other Expenses | 9,536 | 10,504 | 10,707 |
Operating Expenses | 18,919 | 19,337 | 19,594 |
Income Before Taxes And Equity In Undistributed Losses Of Subsidiaries | 92,922 | 104,391 | 99,172 |
Income taxes | (4,196) | (5,142) | (4,897) |
Income Before Equity In Undistributed Losses Of Subsidiaries | 97,118 | 109,533 | 104,069 |
Equity In Undistributed Losses Of Subsidiaries | (29,616) | (38,818) | (49,876) |
Net Income (Loss) Attributable to Parent | 126,734 | 148,351 | 153,945 |
Other Comprehensive Income (Loss), Net of Tax | 36,203 | (117,549) | 9,584 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $ 162,937 | $ 30,802 | $ 163,529 |
Parent Company Statement of Cas
Parent Company Statement of Cash Flows (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net Income (Loss) Attributable to Parent | $ 126,734 | $ 148,351 | $ 153,945 | |
Share-based Payment Arrangement, Noncash Expense | 8,010 | 7,199 | 8,021 | |
Debt and Equity Securities, Unrealized Gain (Loss) | 151 | 207 | (1,218) | |
Increase (Decrease) in Other Operating Assets | (2,182) | 4,467 | (12,406) | |
Increase (Decrease) in Other Operating Liabilities | (6,982) | (4,814) | (7,939) | |
Net cash provided by operating activities | 150,504 | 134,862 | 157,332 | |
Payments to Acquire Available-for-sale Securities, Equity | 2,195 | 9,165 | 0 | |
Other investing activities, net | (31) | 144 | 2,332 | |
Net cash used in investing activities | 64,157 | (403,699) | (412,141) | |
Repayments of Long-term Debt | 0 | 0 | 32,500 | |
Payments Related to Tax Withholding for Share-based Compensation | 2,844 | 2,761 | 2,403 | |
Net cash (used in) provided by financing activities | (186,121) | 239,385 | 103,515 | |
Treasury Stock, Common [Member] | ||||
Payments for Repurchase of Equity | 23,017 | 0 | 16,048 | |
Parent Company | ||||
Net Income (Loss) Attributable to Parent | 126,734 | 148,351 | 153,945 | |
Undistributed Losses Of Subsidiaries | 29,616 | 38,818 | 49,876 | |
Compensation expense for issuance of treasury shares to directors | 1,223 | 1,320 | 1,676 | |
Share-based Payment Arrangement, Noncash Expense | 6,787 | 5,879 | 6,345 | |
Increase (Decrease) in Other Operating Assets | (828) | 2,514 | (8,249) | |
Increase (Decrease) in Other Operating Liabilities | (2,752) | 4,896 | (2,407) | |
Net cash provided by operating activities | 103,355 | 119,321 | 116,714 | |
Proceeds from Sale of Debt Securities | 1,370 | 0 | 934 | |
Payments to Acquire Available-for-sale Securities, Equity | (2,195) | (9,165) | 0 | |
Net cash used in investing activities | (856) | (9,021) | 3,266 | |
Payments of Dividends | 68,951 | 76,604 | 74,306 | |
Repayments of Long-term Debt | 0 | 0 | (32,500) | |
Cash Payment For Fractional Shares | 0 | 2 | 6 | |
Payments Related to Tax Withholding for Share-based Compensation | (2,844) | (2,761) | (2,403) | |
Net cash (used in) provided by financing activities | (94,812) | (79,367) | (125,263) | |
Increase (decrease) in cash and cash equivalents | 7,687 | 30,933 | (5,283) | |
Cash | $ 282,151 | $ 274,464 | $ 243,531 | $ 248,814 |
Revenue from Contract with Cu_3
Revenue from Contract with Customer (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disaggregation of Revenue [Line Items] | |||
Personal trust and agency accounts income | $ 10,297 | $ 10,091 | $ 10,264 |
Employee benefit and retirement-related accounts income | 9,894 | 9,698 | 9,705 |
Investment management and investment advisory agency accounts income | 13,242 | 12,442 | 12,620 |
Other income from fiduciary activities | 2,041 | 1,860 | 1,860 |
Non-sufficient funds (NSF) fees | 3,744 | 6,095 | 5,244 |
Demand deposit account (DDA) charges | 4,229 | 3,439 | 3,074 |
Other service charges on deposit accounts | 472 | 557 | 514 |
Credit card other service income | 2,799 | 2,808 | 2,563 |
HELOC other service income | 369 | 397 | 389 |
Installment other service income | 177 | 163 | 148 |
Real estate other service income | 5,795 | 9,952 | 24,907 |
Commercial other service income | 1,160 | 1,975 | 1,805 |
Debit card fee income | 26,522 | 26,046 | 25,865 |
Bank Owned Life Insurance Income | 5,338 | 6,100 | 4,897 |
ATM Fees | 2,178 | 2,273 | 2,379 |
Gains (Losses) on Sales of Other Real Estate | (3) | 5,611 | (4) |
Real Estate Owned, Valuation Allowance, Valuation Increase | 60 | 12,039 | 64 |
Debt Securities, Available-for-sale, Realized Loss | (7,875) | 0 | 0 |
Gain on equity securities, net | 971 | 2,955 | 5,011 |
Other components of net periodic benefit income | 7,572 | 12,108 | 8,152 |
Noninterest Income, Other | 3,652 | 9,326 | 10,487 |
Noninterest Income | 92,634 | 135,935 | 129,944 |
Bank Servicing [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Noninterest Income, Other | 10,300 | 15,300 | 29,800 |
Within Scope [Domain] | |||
Disaggregation of Revenue [Line Items] | |||
Noninterest Income, Other | 5,200 | 5,600 | 5,300 |
Out of Scope [Domain] | |||
Disaggregation of Revenue [Line Items] | |||
Noninterest Income, Other | $ 5,100 | $ 9,700 | $ 24,500 |