v3.26.1
Loans (Tables)
 3 Months Ended
Mar. 31, 2026
Loans and Leases Receivable Disclosure [Line Items]  
Composition Of Loan Portfolio By Class Of Loan
The composition of the loan portfolio at March 31, 2026 and at December 31, 2025 was as follows:
 
March 31, 2026December 31, 2025
(In thousands)Amortized CostAmortized Cost
Commercial, financial and agricultural: (1)
Commercial, financial and agricultural (1)
$1,384,265 $1,210,047 
Overdrafts1,493 2,103 
Commercial real estate (1)
3,003,932 2,208,660 
Construction real estate:  
Commercial479,304 298,491 
Retail127,708 100,934 
Residential real estate:  
Commercial960,920 752,695 
Mortgage1,501,261 1,375,641 
HELOC314,202 241,058 
Installment5,793 5,988 
Consumer:
Consumer1,857,503 1,821,471 
Check loans1,650 1,776 
Leases29,229 32,378 
Total$9,667,260 $8,051,242 
Allowance for credit losses(108,590)(92,973)
Net loans$9,558,670 $7,958,269 
(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.
Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing
The following tables present the amortized cost of nonaccrual loans and loans past due 90 days or more and still accruing, by class of loan, at March 31, 2026 and December 31, 2025.
 
 March 31, 2026
(In thousands)Nonaccrual
Loans		Loans Past Due
90 Days
 or More
and Accruing		Total
Nonperforming
Loans
Commercial, financial and agricultural:
Commercial, financial and agricultural$19,231 $8 $19,239 
Overdrafts— — — 
Commercial real estate37,249 — 37,249 
Construction real estate:   
Commercial732 — 732 
Retail91 126 217 
Residential real estate:   
Commercial2,929 — 2,929 
Mortgage16,016 1,840 17,856 
HELOC1,559 — 1,559 
Installment49 — 49 
Consumer:
Consumer2,546 625 3,171 
Check loans— — — 
Leases146 — 146 
Total loans$80,548 $2,599 $83,147 
 
 December 31, 2025
(In thousands)Nonaccrual
Loans		Loans Past Due 90 Days or More and AccruingTotal
Nonperforming
Loans
Commercial, financial and agricultural
Commercial, financial and agricultural$15,817 $10 $15,827 
Overdrafts— — — 
Commercial real estate28,879 — 28,879 
Construction real estate:  
Commercial577 — 577 
Retail97 17 114 
Residential real estate:   
Commercial1,565 — 1,565 
Mortgage14,964 1,483 16,447 
HELOC1,702 — 1,702 
Installment53 — 53 
Consumer
Consumer2,693 1,228 3,921 
Check loans— — — 
Leases168 — 168 
Total loans$66,515 $2,738 $69,253 
Financing Receivable, Nonaccrual
The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at March 31, 2026 and December 31, 2025:

March 31, 2026
(In thousands)Nonaccrual Loans With No ACLNonaccrual Loans With an ACLRelated ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural$11,700 $7,531 $2,853 
Overdrafts— — — 
Commercial real estate36,212 1,037 36 
Construction real estate:
Commercial732 — — 
Retail— 91 39 
Residential real estate:
Commercial2,230 699 161 
Mortgage— 16,016 236 
HELOC— 1,559 124 
Installment— 49 1 
Consumer
Consumer— 2,546 910 
Check loans— — — 
Leases106 40 5 
Total loans$50,980 $29,568 $4,365 
December 31, 2025
(In thousands)Nonaccrual Loans With No ACLNonaccrual Loans With an ACLRelated ACL
Commercial, financial and agricultural:
Commercial, financial and agricultural$13,633 $2,184 $744 
Overdrafts— — — 
Commercial real estate28,879 — — 
Construction real estate:
Commercial577 — — 
Retail— 97 41 
Residential real estate:
Commercial1,565 — — 
Mortgage— 14,964 225 
HELOC— 1,702 108 
Installment— 53 1 
Consumer
Consumer— 2,693 947 
Check loans— — — 
Leases122 46 11 
Total$44,776 $21,739 $2,077 

Nonaccrual commercial loans are evaluated on an individual basis and are excluded from the collective evaluation. Additionally, accruing collateral dependent commercial loans to borrowers experiencing financial difficulty are to be individually evaluated and a review of classified credits is performed to identify any additional loans which do not share similar risk characteristics and are to be individually evaluated. Management’s general practice is to proactively charge down nonaccrual 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, at March 31, 2026 and at December 31, 2025:

 March 31, 2026
(In thousands)Real EstateBusiness AssetsOtherTotal
Commercial, financial and agricultural
Commercial, financial and agricultural$3,888 $13,310 $16,369 $33,567 
Commercial real estate38,542 — — 38,542 
Construction real estate:
Commercial1,261 — — 1,261 
Residential real estate:
Commercial2,975 — — 2,975 
Mortgage75 — — 75 
Leases— 146 — 146 
Total loans$46,741 $13,456 $16,369 $76,566 
 December 31, 2025
(In thousands)Real EstateBusiness AssetsOtherTotal
Commercial, financial and agricultural
Commercial, financial and agricultural$3,938 $9,444 $20,678 $34,060 
Commercial real estate29,554 650 — 30,204 
Construction real estate:
Commercial1,119 — — 1,119 
Residential real estate:
Commercial1,612 — — 1,612 
Mortgage76 — — 76 
Leases— 168 — 168 
Total loans$36,299 $10,262 $20,678 $67,239 

Interest income on nonaccrual loans 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 three-month periods ended March 31, 2026 and 2025:

Interest Income Recognized
(In thousands)Three Months Ended
March 31, 2026		Three Months Ended
March 31, 2025
Commercial, financial and agricultural:
Commercial, financial and agricultural$213 $332 
Overdrafts— — 
Commercial real estate386 260 
Construction real estate:
Commercial11 1 
Retail2 — 
Residential real estate:
Commercial26 22 
Mortgage148 92 
HELOC39 8 
Installment1 — 
Consumer:
Consumer40 45 
Check loans— — 
Leases— — 
Total loans$866 $760 
Financing Receivable, Past Due
The following tables present the aging of the amortized cost in past due loans at March 31, 2026 and at December 31, 2025 by class of loan:

 March 31, 2026
(In thousands)Accruing 
Loans
Past Due 
30-89 Days
Past Due 
Nonaccrual
Loans and Loans
Past Due 90 Days
or More and 
Accruing (1)
Total Past 
Due
Total
Current (2)
Total 
Amortized Cost
Commercial, financial and agricultural:
Commercial, financial and agricultural$1,731 $5,470 $7,201 $1,377,064 $1,384,265 
Overdrafts— — — 1,493 1,493 
Commercial real estate351 5,621 5,972 2,997,960 3,003,932 
Construction real estate:
Commercial110 15 125 479,179 479,304 
Retail760 200 960 126,748 127,708 
Residential real estate:
Commercial1,772 1,059 2,831 958,089 960,920 
Mortgage18,981 8,499 27,480 1,473,781 1,501,261 
HELOC1,005 554 1,559 312,643 314,202 
Installment33 48 81 5,712 5,793 
Consumer:
Consumer8,918 1,013 9,931 1,847,572 1,857,503 
Check loans1 — 1 1,649 1,650 
Leases— — — 29,229 29,229 
Total loans$33,662 $22,479 $56,141 $9,611,119 $9,667,260 
(1) Includes an aggregate of $2.6 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $60.7 million of nonaccrual loans which were current with respect to contractual principal and interest payments.
 December 31, 2025
(in thousands)Accruing 
Loans
Past Due 
30-89 Days
Past Due 
Nonaccrual
Loans and Loans Past
Due 90 Days or
More and 
Accruing (1)
Total Past 
Due
Total
Current (2)
Total 
Amortized Cost
Commercial, financial and agricultural
Commercial, financial and agricultural$231 $6,382 $6,613 $1,203,434 $1,210,047 
Overdrafts— — — 2,103 2,103 
Commercial real estate77 1,298 1,375 2,207,285 2,208,660 
Construction real estate:
Commercial154 — 154 298,337 298,491 
Retail149 74 223 100,711 100,934 
Residential real estate:
Commercial33 219 252 752,443 752,695 
Mortgage16,503 8,317 24,820 1,350,821 1,375,641 
HELOC271 688 959 240,099 241,058 
Installment103 50 153 5,835 5,988 
Consumer
Consumer11,158 1,737 12,895 1,808,576 1,821,471 
Check loans3 — 3 1,773 1,776 
Leases21 — 21 32,357 32,378 
Total loans$28,703 $18,765 $47,468 $8,003,774 $8,051,242 
(1) Includes an aggregate of $2.7 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans.
(2) Includes an aggregate of $50.5 million of nonaccrual loans which were current with respect to contractual principal and interest payments.
Loans Acquired with Deteriorated Credit Quality
Loans Acquired with Deteriorated Credit Quality
With the acquisition of First Citizens on February 1, 2026, Park purchased loans for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The initial carrying amount of those loans was as follows.

(in thousands)February 1, 2026
Par value of acquired loans at acquisition$65,065 
Allowance for credit losses at acquisition(1,215)
Non-credit discount at acquisition(4,622)
Purchase price of loans at acquisition$59,228 
Financing Receivable Credit Quality Indicators
Based on the most recent analysis performed, the risk category of commercial loans by class of loans at March 31, 2026 and at December 31, 2025 are detailed in the tables below. Also included in the tables detailing loan balances are gross charge offs for the three months ended March 31, 2026 and for the year ended December 31, 2025.

March 31, 2026Term Loans Amortized Cost Basis by Origination Year
(In thousands)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass$88,225 $342,094 $160,797 $110,825 $58,191 $105,336 $464,977 $1,330,445 
Special Mention163 2,083 1,198 686 2,818 702 25,405 33,055 
Substandard536 2,254 1,966 1,058 1,503 5,012 6,992 19,321 
Doubtful— 193 445 144 49 217 396 1,444 
Total $88,924 $346,624 $164,406 $112,713 $62,561 $111,267 $497,770 $1,384,265 
Current period gross charge-offs$1 $93 $112 $55 $28 $29 $5 $323 

Commercial real estate (1)
Risk rating
Pass$145,397 $580,904 $492,365 $291,902 $378,108 $994,673 $28,857 $2,912,206 
Special Mention4,109 12,468 10,081 8,709 3,635 11,825 450 51,277 
Substandard1,148 2,089 4,603 3,715 7,745 18,010 3,139 40,449 
Doubtful— — — — — — — — 
Total$150,654 $595,461 $507,049 $304,326 $389,488 $1,024,508 $32,446 $3,003,932 
Current period gross charge-offs$— $— $17 $— $— $3 $— $20 

Construction real estate: Commercial
Risk rating
Pass$50,860 $238,984 $134,170 $6,049 $5,178 $7,603 $23,238 $466,082 
Special Mention3,047 7,473 — — — 627 802 11,949 
Substandard— 1,226 — 20 — 27 — 1,273 
Doubtful— — — — — — — — 
Total$53,907 $247,683 $134,170 $6,069 $5,178 $8,257 $24,040 $479,304 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Residential Real Estate: Commercial
Risk rating
Pass$56,115 $196,143 $148,806 $141,539 $109,935 $258,635 $35,445 $946,618 
Special Mention— 3,282 1,831 666 1,981 2,065 694 10,519 
Substandard484 1,052 331 695 347 874 — 3,783 
Doubtful— — — — — — — — 
Total$56,599 $200,477 $150,968 $142,900 $112,263 $261,574 $36,139 $960,920 
Current period gross charge-offs$— $— $1 $1 $— $53 $— $55 
March 31, 2026Term Loans Amortized Cost Basis by Origination Year
(In thousands)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
Leases
Risk rating
Pass$679 $14,376 $7,679 $3,293 $1,374 $442 $— $27,843 
Special Mention— — 1,240 — — — — 1,240 
Substandard— — — — 44 — — 44 
Doubtful— — — 30 72 — — 102 
Total$679 $14,376 $8,919 $3,323 $1,490 $442 $— $29,229 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Total Commercial Loans
Risk rating
Pass$341,276 $1,372,501 $943,817 $553,608 $552,786 $1,366,689 $552,517 $5,683,194 
Special Mention7,319 25,306 14,350 10,061 8,434 15,219 27,351 108,040 
Substandard2,168 6,621 6,900 5,488 9,639 23,923 10,131 64,870 
Doubtful— 193 445 174 121 217 396 1,546 
Total$350,763 $1,404,621 $965,512 $569,331 $570,980 $1,406,048 $590,395 $5,857,650 
Current period gross charge-offs$1 $93 $130 $56 $28 $85 $5 $398 
(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, 2025Term Loans Amortized Cost Basis by Origination Year
(In thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Commercial, financial and agricultural (1)
Risk rating
Pass$259,100 $166,315 $108,536 $54,698 $58,964 $47,051 $461,081 $1,155,745 
Special Mention1,330 1,419 1,022 2,220 51 349 31,645 38,036 
Substandard1,810 1,382 385 1,601 1,216 3,966 4,265 14,625 
Doubtful30 202 446 73 22 — 868 1,641 
Total $262,270 $169,318 $110,389 $58,592 $60,253 $51,366 $497,859 $1,210,047 
Current period gross charge-offs$63 $3 $156 $128 $16 $1,600 $24 $1,990 

Commercial real estate (1)
Risk rating
Pass$413,843 $365,788 $227,712 $278,165 $267,480 $570,688 $27,614 $2,151,290 
Special Mention1,425 4,211 5,912 5,847 1,536 5,644 716 25,291 
Substandard2,376 2,606 1,370 7,334 3,561 9,583 3,878 30,708 
Doubtful— — 790 119 — 214 248 1,371 
Total$417,644 $372,605 $235,784 $291,465 $272,577 $586,129 $32,456 $2,208,660 
Current period gross charge-offs$— $1 $96 $— $— $6 $— $103 
December 31, 2025Term Loans Amortized Cost Basis by Origination Year
(In thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Construction real estate: Commercial
Risk rating
Pass$137,466 $120,148 $6,185 $3,156 $1,246 $3,416 $24,884 $296,501 
Special Mention— — — — — — 871 871 
Substandard1,083 — 20 — 16 — — 1,119 
Doubtful— — — — — — — — 
Total$138,549 $120,148 $6,205 $3,156 $1,262 $3,416 $25,755 $298,491 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Residential Real Estate: Commercial
Risk rating
Pass$173,058 $112,305 $125,616 $79,609 $80,848 $143,320 $31,639 $746,395 
Special Mention— 1,536 224 218 1,064 872 335 4,249 
Substandard500 132 38 351 156 480 — 1,657 
Doubtful202 — — — 192 — — 394 
Total$173,760 $113,973 $125,878 $80,178 $82,260 $144,672 $31,974 $752,695 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Leases
Risk rating
Pass$16,041 $8,776 $3,798 $1,674 $480 $111 $— $30,880 
Special Mention— 1,331 — — — — — 1,331 
Substandard— — — 50 — — — 50 
Doubtful— — 33 84 — — — 117 
Total$16,041 $10,107 $3,831 $1,808 $480 $111 $— $32,378 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Total Commercial Loans
Risk rating
Pass$999,508 $773,332 $471,847 $417,302 $409,018 $764,586 $545,218 $4,380,811 
Special Mention2,755 8,497 7,158 8,285 2,651 6,865 33,567 69,778 
Substandard5,769 4,120 1,813 9,336 4,949 14,029 8,143 48,159 
Doubtful232 202 1,269 276 214 214 1,116 3,523 
Total$1,008,264 $786,151 $482,087 $435,199 $416,832 $785,694 $588,044 $4,502,271 
Current period gross charge-offs$63 $4 $252 $128 $16 $1,606 $24 $2,093 
(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.
March 31, 2026Term Loans Amortized Cost Basis by Origination Year
(In thousands)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Overdrafts
Performing$1,493 $— $— $— $— $— $— $1,493 
Nonperforming
— — — — — — — — 
Total $1,493 $— $— $— $— $— $— $1,493 
Current period gross charge-offs$276 $— $— $— $— $— $— $276 

Construction Real Estate: Retail
Performing$12,797 $75,489 $13,508 $5,365 $7,920 $11,956 $456 $127,491 
Nonperforming
— — 126 — — 91 — 217 
Total $12,797 $75,489 $13,634 $5,365 $7,920 $12,047 $456 $127,708 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Residential Real Estate: Mortgage
Performing$42,811 $181,406 $226,223 $235,364 $237,443 $560,158 $— $1,483,405 
Nonperforming
— 43 2,882 3,897 2,620 8,414 — 17,856 
Total $42,811 $181,449 $229,105 $239,261 $240,063 $568,572 $— $1,501,261 
Current period gross charge-offs$— $— $32 $23 $— $— $— $55 

Residential Real Estate: HELOC
Performing$— $32 $253 $709 $559 $735 $310,355 $312,643 
Nonperforming
— — — 47 91 450 971 1,559 
Total $— $32 $253 $756 $650 $1,185 $311,326 $314,202 
Current period gross charge-offs$— $— $— $— $— $— $1 $1 

Residential Real Estate: Installment
Performing$292 $1,337 $863 $917 $45 $2,290 $— $5,744 
Nonperforming
— — — 18 6 25 — 49 
Total $292 $1,337 $863 $935 $51 $2,315 $— $5,793 
Current period gross charge-offs$— $— $— $8 $— $— $— $8 

Consumer: Consumer
Performing$186,034 $547,400 $385,642 $269,962 $244,578 $211,321 $9,395 $1,854,332 
Nonperforming— 397 688 488 785 813 — 3,171 
Total $186,034 $547,797 $386,330 $270,450 $245,363 $212,134 $9,395 $1,857,503 
Current period gross charge-offs$— $697 $788 $981 $689 $535 $— $3,690 
March 31, 2026Term Loans Amortized Cost Basis by Origination Year
(In thousands)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
Consumer: Check loans
Performing$— $— $— $— $— $— $1,650 $1,650 
Nonperforming
— — — — — — — — 
Total $— $— $— $— $— $— $1,650 $1,650 
Current period gross charge-offs$— $— $— $— $— $— $12 $12 

Total Consumer Loans
Performing$243,427 $805,664 $626,489 $512,317 $490,545 $786,460 $321,856 $3,786,758 
Nonperforming
— 440 3,696 4,450 3,502 9,793 971 22,852 
Total $243,427 $806,104 $630,185 $516,767 $494,047 $796,253 $322,827 $3,809,610 
Current period gross charge-offs$276 $697 $820 $1,012 $689 $535 $13 $4,042 

December 31, 2025Term Loans Amortized Cost Basis by Origination Year
(In thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Commercial, financial and agricultural: Overdrafts
Performing$2,103 $— $— $— $— $— $— $2,103 
Nonperforming
— — — — — — — — 
Total 2,103 $— $— $— $— $— $— $2,103 
Current period gross charge-offs$1,032 $— $— $— $— $— $— $1,032 

Construction Real Estate: Retail
Performing$50,128 $20,281 $12,129 $6,906 $4,429 $6,529 $418 $100,820 
Nonperforming
— — — — 17 97 — 114 
Total $50,128 $20,281 $12,129 $6,906 $4,446 $6,626 $418 $100,934 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Residential Real Estate: Mortgage
Performing$162,548 $206,140 $217,252 $223,910 $167,522 $381,822 $— $1,359,194 
Nonperforming
— 2,599 3,881 2,297 1,184 6,486 — 16,447 
Total $162,548 $208,739 $221,133 $226,207 $168,706 $388,308 $— $1,375,641 
Current period gross charge-offs$— $149 $104 $— $— $— $— $253 

Residential Real Estate: HELOC
Performing$— $263 $550 $477 $13 $766 $237,287 $239,356 
Nonperforming
— 15 33 90 16 681 867 1,702 
Total $— $278 $583 $567 $29 $1,447 $238,154 $241,058 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
December 31, 2025Term Loans Amortized Cost Basis by Origination Year
(In thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Residential Real Estate: Installment
Performing$1,493 $900 $1,079 $61 $— $2,402 $— $5,935 
Nonperforming
— — 27 — — 26 — 53 
Total $1,493 $900 $1,106 $61 $— $2,428 $— $5,988 
Current period gross charge-offs$— $— $— $— $— $— $— $— 

Consumer: Consumer
Performing$582,158 $425,318 $301,142 $275,261 $120,561 $107,748 $5,362 $1,817,550 
Nonperforming
452 618 832 1,174 303 542 — 3,921 
Total $582,610 $425,936 $301,974 $276,435 $120,864 $108,290 $5,362 $1,821,471 
Current period gross charge-offs$651 $2,803 $4,344 $3,194 $1,273 $945 $8 $13,218 

Consumer: Check loans
Performing$— $— $— $— $— $— $1,776 $1,776 
Nonperforming
— — — — — — — — 
Total $— $— $— $— $— $— $1,776 $1,776 
Current period gross charge-offs$— $— $— $— $— $— $28 $28 

Total Consumer Loans
Performing$798,430 $652,902 $532,152 $506,615 $292,525 $499,267 $244,843 $3,526,734 
Nonperforming
452 3,232 4,773 3,561 1,520 7,832 867 22,237 
Total $798,882 $656,134 $536,925 $510,176 $294,045 $507,099 $245,710 $3,548,971 
Current period gross charge-offs$1,683 $2,952 $4,448 $3,194 $1,273 $945 $36 $14,531 
TDR Number Of Contracts Modified And Recorded Investment
The following tables present the amortized cost basis of loans at March 31, 2026 and 2025 that were both experiencing financial difficulty and modified during the three months ended March 31, 2026 and 2025 by class and 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.

Three Months Ended
March 31, 2026
(Dollars in thousands)Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Term Extension and Interest Rate ReductionCombination Term Extension and Payment DelayTotalPercent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural $— $— $1,180 $66 $72 $— $1,318 0.10 %
Overdrafts— — — — — — — — %
Commercial real estate — — 119 650 — — 769 0.03 %
Construction real estate:
Commercial— — — — — — — — %
Retail— — 2 — — — 2 — %
Residential real estate:
Commercial— — — — — — — — %
Mortgage— — — 135 225 — 360 0.02 %
HELOC— — — — — — — — %
Installment— — — — — — 
Consumer:
Consumer— — — 13 — — 13 — %
Check loans— — — — — — — — %
Leases— — — — — — — — %
Total$— $— $1,301 $864 $297 $— $2,462 0.03 %
Three Months Ended
March 31, 2025
(Dollars in thousands)Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Term Extension and Interest Rate ReductionCombination Term Extension and Payment DelayTotalPercent of Total Class of Financing Receivable
Commercial, financial and agricultural:
Commercial, financial and agricultural $— $932 $6,503 $— $150 $— $7,585 0.61 %
Overdrafts— — — — — — — — %
Commercial real estate — 6,186 799 1,478 175 1,426 10,064 0.50 %
Construction real estate:
Commercial— — — — — — — — %
Retail— — — — — 69 69 0.07 %
Residential real estate:
Commercial— 898 — — — — 898 0.14 %
Mortgage— — — — — 451 451 0.03 %
HELOC— — — — — — — — %
Installment— — 73 — — — 73 1.21 %
Consumer:
Consumer— — — 16 — — 16 — %
Check loans— — — — — — — — %
Leases— — — — — — — — %
Total$— $8,016 $7,375 $1,494 $325 $1,946 $19,156 0.24 %
The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2026 and 2025:

Three Months Ended
March 31, 2026
(Dollars in thousands)Principal ForgivenessWeighted Average Interest Rate ReductionWeighted Average Term Extension (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural$— (1.16)%1.0
Overdrafts— — %0.0
Commercial real estate— (0.27)%2.1
Construction real estate:
Commercial— — %0.0
Retail— — %0.9
Residential real estate:
Commercial— — %0.0
Mortgage— (2.67)%0.3
HELOC— — %0.0
Installment— — %0.0
Consumer:
Consumer— (1.59)%0.0
Check loans— — %0.0
Leases— — %0.0
Total$— (1.14)%1.0
Three Months Ended
March 31, 2025
(Dollars in thousands)Principal ForgivenessWeighted Average Interest Rate ReductionWeighted Average Term Extension (years)Weighted Average Payment Delay (years)
Commercial, financial and agricultural:
Commercial, financial and agricultural$— (0.35)%0.90.4
Overdrafts— — %0.00.0
Commercial real estate— (0.78)%2.60.5
Construction real estate:
Commercial— — %0.00.0
Retail— — %0.50.5
Residential real estate:
Commercial— — %0.00.5
Mortgage— — %0.40.4
HELOC— — %0.00.0
Installment— — %15.10.0
Consumer:
Consumer— (1.06)%0.00.0
Check loans— — %0.00.0
Leases— — %0.00.0
Total$— (0.75)%1.40.5
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 tables provide the performance of loans as of the period end date, of modifications made to borrowers experiencing financial difficulty during the twelve months preceding March 31, 2026 and March 31, 2025, respectively:

Twelve Months Ended March 31, 2026
(Dollars in thousands)Current30-59 days past due60-89 days past due90 days or more past dueTotal
Commercial, financial and agricultural:
Commercial, financial and agricultural$44,591 $— $— $— $44,591 
Overdrafts— — — — — 
Commercial real estate6,505 — — — 6,505 
Construction real estate:
Commercial1,818 — — — 1,818 
Retail2 — — — 2 
Residential real estate:
Commercial1,032 — — — 1,032 
Mortgage798 288 — 146 1,232 
HELOC— — — — — 
Installment159 — — 20 179 
Consumer:
Consumer42 — — 13 55 
Check loans— — — — — 
Leases— — — — — 
Total$54,947 $288 $— $179 $55,414 

Twelve Months Ended March 31, 2025
(Dollars in thousands)Current30-59 days past due60-89 days past due90 days or more past dueTotal
Commercial, financial and agricultural:
Commercial, financial and agricultural$17,064 $294 $— $— $17,358 
Overdrafts— — — — — 
Commercial real estate13,552 124 — — 13,676 
Construction real estate:
Commercial— — — — — 
Retail69 — — — 69 
Residential real estate:
Commercial1,299 — — — 1,299 
Mortgage1,006 53 — 78 1,137 
HELOC— — — — — 
Installment336 — — — 336 
Consumer:
Consumer11 — — 14 25 
Check loans— — — — — 
Leases— — — — — 
Total$33,337 $471 $— $92 $33,900 
The following tables present the amortized cost basis of loans that had a payment default subsequent to modification during the three months ended March 31, 2026 and 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. For these tables, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms:

Three Months Ended
March 31, 2026
Interest Rate ReductionCombination Term Extension and Interest Rate ReductionCombination Term Extension and Payment Delay
Commercial, financial and agricultural:
Commercial, financial and agricultural$— $— $— 
Overdrafts— — — 
Commercial real estate— — — 
Construction real estate:
Commercial— — — 
Retail— — — 
Residential real estate:
Commercial— — — 
Mortgage135 — 299 
HELOC— — — 
Installment— 20 — 
Consumer:
Consumer44 — — 
Check loans— — — 
Leases— — — 
Total loans$179 $20 $299 
Three Months Ended
March 31, 2025
Term ExtensionInterest Rate ReductionCombination Term Extension and Interest Rate ReductionCombination Term Extension and Payment Delay
Commercial, financial and agricultural:
Commercial, financial and agricultural$29 $— $265 $— 
Overdrafts— — — — 
Commercial real estate124 — — — 
Construction real estate:
Commercial— — — — 
Retail— — — — 
Residential real estate:
Commercial— — — — 
Mortgage— 78 11 43 
HELOC— — — — 
Installment— — — — 
Consumer:
Consumer— 14 — — 
Check loans— — — — 
Leases— — — — 
Total loans$153 $92 $276 $43 

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 ACL is adjusted by the same amounts.