Loans (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Loans and Leases Receivable Disclosure [Line Items] |
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| Composition Of Loan Portfolio By Class Of Loan |
The composition of the loan portfolio at June 30, 2026 and at December 31, 2025 was as follows: | | | | | | | | | | | | | | | | June 30, 2026 | | | December 31, 2025 | | (In thousands) | Amortized Cost | | | Amortized Cost | Commercial, financial and agricultural: (1) | | | | | Commercial, financial and agricultural (1) | $ | 1,366,431 | | | | $ | 1,210,047 | | | Overdrafts | 2,657 | | | | 2,103 | | Commercial real estate (1) | 3,063,566 | | | | 2,208,660 | | | Construction real estate: | | | | | | Commercial | 490,100 | | | | 298,491 | | | Retail | 123,812 | | | | 100,934 | | | Residential real estate: | | | | | | Commercial | 974,231 | | | | 752,695 | | | Mortgage | 1,481,756 | | | | 1,375,641 | | | HELOC | 321,202 | | | | 241,058 | | | Installment | 5,592 | | | | 5,988 | | | Consumer: | | | | | | Consumer | 1,874,268 | | | | 1,821,471 | | | Check loans | 1,694 | | | | 1,776 | | | Leases | 26,047 | | | | 32,378 | | | Total | $ | 9,731,356 | | | | $ | 8,051,242 | | | Allowance for credit losses | (110,686) | | | | (92,973) | | | Net loans | $ | 9,620,670 | | | | $ | 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.
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| 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 June 30, 2026 and December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 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 | | $ | 18,415 | | | | $ | 11 | | | $ | 18,426 | | | Overdrafts | | — | | | | — | | | — | | | Commercial real estate | | 34,423 | | | | — | | | 34,423 | | | Construction real estate: | | | | | | | | | Commercial | | 1,330 | | | | — | | | 1,330 | | | Retail | | 212 | | | | — | | | 212 | | | Residential real estate: | | | | | | | | | Commercial | | 3,367 | | | | — | | | 3,367 | | | Mortgage | | 18,736 | | | | 1,847 | | | 20,583 | | | HELOC | | 1,638 | | | | 148 | | | 1,786 | | | Installment | | 26 | | | | — | | | 26 | | | Consumer: | | | | | | | | | Consumer | | 2,888 | | | | 507 | | | 3,395 | | | Check loans | | — | | | | 1 | | | 1 | | | Leases | | 214 | | | | — | | | 214 | | | Total loans | | $ | 81,249 | | | | $ | 2,514 | | | $ | 83,763 | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (In thousands) | | Nonaccrual
Loans | | Loans Past Due 90 Days or More and Accruing | | Total
Nonperforming
Loans | | Commercial, financial and agricultural | | | | | | | | Commercial, financial and agricultural | | $ | 15,817 | | | $ | 10 | | | $ | 15,827 | | | Overdrafts | | — | | | — | | | — | | | Commercial real estate | | 28,879 | | | — | | | 28,879 | | | Construction real estate: | | | | | | | | Commercial | | 577 | | | — | | | 577 | | | Retail | | 97 | | | 17 | | | 114 | | | Residential real estate: | | | | | | | | Commercial | | 1,565 | | | — | | | 1,565 | | | Mortgage | | 14,964 | | | 1,483 | | | 16,447 | | | HELOC | | 1,702 | | | — | | | 1,702 | | | Installment | | 53 | | | — | | | 53 | | | Consumer | | | | | | | | Consumer | | 2,693 | | | 1,228 | | | 3,921 | | | Check loans | | — | | | — | | | — | | | Leases | | 168 | | | — | | | 168 | | | Total loans | | $ | 66,515 | | | $ | 2,738 | | | $ | 69,253 | |
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| Financing Receivable, Nonaccrual |
The following tables provide additional detail on nonaccrual loans and the related ACL, by class of loan, at June 30, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (In thousands) | | Nonaccrual Loans With No ACL | | Nonaccrual Loans With an ACL | | Related ACL | | Commercial, financial and agricultural: | | | | | | | | Commercial, financial and agricultural | | $ | 9,709 | | | $ | 8,706 | | | $ | 4,133 | | | Overdrafts | | — | | | — | | | — | | | Commercial real estate | | 31,387 | | | 3,036 | | | 95 | | | Construction real estate: | | | | | | | | Commercial | | 1,014 | | | 316 | | | 38 | | | Retail | | — | | | 212 | | | 5 | | | Residential real estate: | | | | | | | | Commercial | | 2,793 | | | 574 | | | 142 | | | Mortgage | | — | | | 18,736 | | | 270 | | | HELOC | | — | | | 1,638 | | | 169 | | | Installment | | — | | | 26 | | | 1 | | | Consumer | | | | | | | | Consumer | | — | | | 2,888 | | | 1,070 | | | Check loans | | — | | | — | | | — | | | Leases | | 104 | | | 110 | | | 27 | | | Total loans | | $ | 45,007 | | | $ | 36,242 | | | $ | 5,950 | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (In thousands) | | Nonaccrual Loans With No ACL | | Nonaccrual Loans With an ACL | | Related ACL | | Commercial, financial and agricultural: | | | | | | | | Commercial, financial and agricultural | | $ | 13,633 | | | $ | 2,184 | | | $ | 744 | | | Overdrafts | | — | | | — | | | — | | | Commercial real estate | | 28,879 | | | — | | | — | | | Construction real estate: | | | | | | | | Commercial | | 577 | | | — | | | — | | | Retail | | — | | | 97 | | | 41 | | | Residential real estate: | | | | | | | | Commercial | | 1,565 | | | — | | | — | | | Mortgage | | — | | | 14,964 | | | 225 | | | HELOC | | — | | | 1,702 | | | 108 | | | Installment | | — | | | 53 | | | 1 | | | Consumer | | | | | | | | Consumer | | — | | | 2,693 | | | 947 | | | Check loans | | — | | | — | | | — | | | Leases | | 122 | | | 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 an inquiry 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 June 30, 2026 and at December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (In thousands) | | Real Estate | | Business Assets | | Other | Total | | Commercial, financial and agricultural | | | | | | | | | Commercial, financial and agricultural | | $ | 249 | | | $ | 12,627 | | | $ | 16,017 | | $ | 28,893 | | | Commercial real estate | | 33,992 | | | 431 | | | — | | 34,423 | | | Construction real estate: | | | | | | | | | Commercial | | 1,330 | | | — | | | — | | 1,330 | | | Residential real estate: | | | | | | | | | Commercial | | 3,315 | | | 52 | | | — | | 3,367 | | | Mortgage | | — | | | — | | | — | | — | | | Leases | | — | | | 214 | | | — | | 214 | | | Total loans | | $ | 38,886 | | | $ | 13,324 | | | $ | 16,017 | | $ | 68,227 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (In thousands) | | Real Estate | | Business Assets | | Other | Total | | Commercial, financial and agricultural | | | | | | | | | Commercial, financial and agricultural | | $ | 3,938 | | | $ | 9,444 | | | $ | 20,678 | | $ | 34,060 | | | Commercial real estate | | 29,554 | | | 650 | | | — | | 30,204 | | | Construction real estate: | | | | | | | | | Commercial | | 1,119 | | | — | | | — | | 1,119 | | | Residential real estate: | | | | | | | | | Commercial | | 1,612 | | | — | | | — | | 1,612 | | | Mortgage | | 76 | | | — | | | — | | 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 and six-month periods ended June 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | Interest Income Recognized | | (In thousands) | | Three Months Ended
June 30, 2026 | Three Months Ended
June 30, 2025 | Six Months Ended
June 30, 2026 | Six Months Ended
June 30, 2025 | | Commercial, financial and agricultural: | | | | | | | Commercial, financial and agricultural | | $ | 290 | | $ | 287 | | $ | 503 | | $ | 619 | | | Overdrafts | | — | | — | | — | | — | | | Commercial real estate | | 467 | | 355 | | 853 | | 615 | | | Construction real estate: | | | | | | | Commercial | | 17 | | 2 | | 28 | | 3 | | | Retail | | — | | — | | 2 | | — | | | Residential real estate: | | | | | | | Commercial | | 37 | | 18 | | 63 | | 40 | | | Mortgage | | 183 | | 96 | | 331 | | 188 | | | HELOC | | 16 | | 5 | | 55 | | 13 | | | Installment | | — | | 2 | | 1 | | 2 | | | Consumer: | | | | | | | Consumer | | 46 | | 44 | | 86 | | 89 | | | Check loans | | — | | — | | — | | — | | | Leases | | 2 | | — | | 2 | | — | | | Total loans | | $ | 1,058 | | $ | 809 | | $ | 1,924 | | $ | 1,569 | | | | | | | | | | | | | |
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| Financing Receivable, Past Due |
The following tables present the aging of the amortized cost in past due loans at June 30, 2026 and at December 31, 2025 by class of loan:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 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 | $ | 951 | | | $ | 1,843 | | | $ | 2,794 | | | $ | 1,363,637 | | | $ | 1,366,431 | | | Overdrafts | — | | | — | | | — | | | 2,657 | | | 2,657 | | | Commercial real estate | 1,856 | | | 3,821 | | | 5,677 | | | 3,057,889 | | | 3,063,566 | | | Construction real estate: | | | | | | | | | | | Commercial | — | | | — | | | — | | | 490,100 | | | 490,100 | | | Retail | 162 | | | 196 | | | 358 | | | 123,454 | | | 123,812 | | | Residential real estate: | | | | | | | | | | | Commercial | 1,142 | | | 799 | | | 1,941 | | | 972,290 | | | 974,231 | | | Mortgage | 22,059 | | | 13,273 | | | 35,332 | | | 1,446,424 | | | 1,481,756 | | | HELOC | 451 | | | 701 | | | 1,152 | | | 320,050 | | | 321,202 | | | Installment | 72 | | | 26 | | | 98 | | | 5,494 | | | 5,592 | | | Consumer: | | | | | | | | | | | Consumer | 9,716 | | | 1,034 | | | 10,750 | | | 1,863,518 | | | 1,874,268 | | | Check loans | 3 | | | — | | | 3 | | | 1,691 | | | 1,694 | | | Leases | — | | | 174 | | | 174 | | | 25,873 | | | 26,047 | | | Total loans | $ | 36,412 | | | $ | 21,867 | | | $ | 58,279 | | | $ | 9,673,077 | | | $ | 9,731,356 | |
(1) Includes an aggregate of $2.5 million of loans past due 90 days or more and accruing. The remaining loans were past due nonaccrual loans. (2) Includes an aggregate of $61.9 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 estate | 77 | | | 1,298 | | | 1,375 | | | 2,207,285 | | | 2,208,660 | | | Construction real estate: | | | | | | | | | | | Commercial | 154 | | | — | | | 154 | | | 298,337 | | | 298,491 | | | Retail | 149 | | | 74 | | | 223 | | | 100,711 | | | 100,934 | | | Residential real estate: | | | | | | | | | | | Commercial | 33 | | | 219 | | | 252 | | | 752,443 | | | 752,695 | | | Mortgage | 16,503 | | | 8,317 | | | 24,820 | | | 1,350,821 | | | 1,375,641 | | | HELOC | 271 | | | 688 | | | 959 | | | 240,099 | | | 241,058 | | | Installment | 103 | | | 50 | | | 153 | | | 5,835 | | | 5,988 | | | Consumer | | | | | | | | | | | Consumer | 11,158 | | | 1,737 | | | 12,895 | | | 1,808,576 | | | 1,821,471 | | | Check loans | 3 | | | — | | | 3 | | | 1,773 | | | 1,776 | | | Leases | 21 | | | — | | | 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.
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| Financing Receivable Credit Quality Indicators |
Based on the most recent analysis performed, the risk category of commercial loans by class of loans at June 30, 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 six months ended June 30, 2026 and for the year ended December 31, 2025. For purposes of the following tables, when a refinancing is treated as a new loan for accounting purposes, the loan is assigned a new origination year based on the date the new loan is recognized.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | Term Loans Amortized Cost Basis by Origination Year | | | | (In thousands) | 2026 | 2025 | 2024 | 2023 | 2022 | Prior | Revolving Loans Amortized Cost Basis | Total | Commercial, financial and agricultural: Commercial, financial and agricultural (1) | | | | | | | | | Risk rating | | | | | | | | | | Pass | $ | 149,463 | | $ | 271,678 | | $ | 152,135 | | $ | 98,240 | | $ | 54,354 | | $ | 95,071 | | $ | 484,184 | | $ | 1,305,125 | | | Special Mention | 23,741 | | 2,048 | | 1,113 | | 662 | | 2,722 | | 684 | | 9,893 | | 40,863 | | | Substandard | 4,190 | | 6,698 | | 1,263 | | 1,048 | | 1,311 | | 285 | | 2,597 | | 17,392 | | | Doubtful | 184 | | 553 | | 179 | | 233 | | 15 | | 17 | | 1,870 | | 3,051 | | | Total | $ | 177,578 | | $ | 280,977 | | $ | 154,690 | | $ | 100,183 | | $ | 58,402 | | $ | 96,057 | | $ | 498,544 | | $ | 1,366,431 | | | Current period gross charge-offs | $ | 4 | | $ | 126 | | $ | 184 | | $ | 76 | | $ | 28 | | $ | 1,032 | | $ | 42 | | $ | 1,492 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate (1) | | | | | | | | | Risk rating | | | | | | | | | | Pass | $ | 316,807 | | $ | 561,219 | | $ | 477,499 | | $ | 279,874 | | $ | 351,766 | | $ | 938,556 | | $ | 39,561 | | $ | 2,965,282 | | | Special Mention | 5,114 | | 17,661 | | 8,380 | | 8,639 | | 4,878 | | 11,189 | | 200 | | 56,061 | | | Substandard | 3,033 | | 2,731 | | 3,740 | | 3,667 | | 7,436 | | 17,510 | | 3,073 | | 41,190 | | | Doubtful | — | | — | | 825 | | — | | — | | 208 | | — | | 1,033 | | | Total | $ | 324,954 | | $ | 581,611 | | $ | 490,444 | | $ | 292,180 | | $ | 364,080 | | $ | 967,463 | | $ | 42,834 | | $ | 3,063,566 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | 33 | | $ | — | | $ | — | | $ | 4 | | $ | — | | $ | 37 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction real estate: Commercial | | | | | | | | Risk rating | | | | | | | | | | Pass | $ | 124,120 | | $ | 216,590 | | $ | 91,445 | | $ | 4,968 | | $ | 4,660 | | $ | 7,271 | | $ | 26,650 | | $ | 475,704 | | | Special Mention | 2,485 | | 922 | | — | | — | | — | | 660 | | — | | 4,067 | | | Substandard | 3,699 | | 6,584 | | — | | 20 | | — | | 26 | | — | | 10,329 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total | $ | 130,304 | | $ | 224,096 | | $ | 91,445 | | $ | 4,988 | | $ | 4,660 | | $ | 7,957 | | $ | 26,650 | | $ | 490,100 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential Real Estate: Commercial | | | | | | | | Risk rating | | | | | | | | | | Pass | $ | 117,310 | | $ | 188,188 | | $ | 130,374 | | $ | 133,307 | | $ | 106,506 | | $ | 243,968 | | $ | 38,349 | | $ | 958,002 | | | Special Mention | 1,523 | | 478 | | 1,489 | | 982 | | 1,963 | | 2,096 | | 320 | | 8,851 | | | Substandard | 786 | | 3,920 | | 280 | | 535 | | 346 | | 872 | | — | | 6,739 | | | Doubtful | 532 | | — | | — | | 107 | | — | | — | | — | | 639 | | | Total | $ | 120,151 | | $ | 192,586 | | $ | 132,143 | | $ | 134,931 | | $ | 108,815 | | $ | 246,936 | | $ | 38,669 | | $ | 974,231 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | 1 | | $ | 1 | | $ | — | | $ | 53 | | $ | — | | $ | 55 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | Term Loans Amortized Cost Basis by Origination Year | | | | (In thousands) | 2026 | 2025 | 2024 | 2023 | 2022 | Prior | Revolving Loans Amortized Cost Basis | Total | | Leases | | | | | | | | Risk rating | | | | | | | | | | Pass | $ | 649 | | $ | 13,306 | | $ | 6,462 | | $ | 2,830 | | $ | 1,110 | | $ | 329 | | $ | — | | $ | 24,686 | | | Special Mention | — | | — | | 1,147 | | — | | — | | — | | — | | 1,147 | | | Substandard | — | | — | | — | | — | | 95 | | — | | — | | 95 | | | Doubtful | — | | 54 | | 28 | | 28 | | 9 | | — | | — | | 119 | | | Total | $ | 649 | | $ | 13,360 | | $ | 7,637 | | $ | 2,858 | | $ | 1,214 | | $ | 329 | | $ | — | | $ | 26,047 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Commercial Loans | | | | | | | | Risk rating | | | | | | | | | | Pass | $ | 708,349 | | $ | 1,250,981 | | $ | 857,915 | | $ | 519,219 | | $ | 518,396 | | $ | 1,285,195 | | $ | 588,744 | | $ | 5,728,799 | | | Special Mention | 32,863 | | 21,109 | | 12,129 | | 10,283 | | 9,563 | | 14,629 | | 10,413 | | 110,989 | | | Substandard | 11,708 | | 19,933 | | 5,283 | | 5,270 | | 9,188 | | 18,693 | | 5,670 | | 75,745 | | | Doubtful | 716 | | 607 | | 1,032 | | 368 | | 24 | | 225 | | 1,870 | | 4,842 | | | Total | $ | 753,636 | | $ | 1,292,630 | | $ | 876,359 | | $ | 535,140 | | $ | 537,171 | | $ | 1,318,742 | | $ | 606,697 | | $ | 5,920,375 | | | Current period gross charge-offs | $ | 4 | | $ | 126 | | $ | 218 | | $ | 77 | | $ | 28 | | $ | 1,089 | | $ | 42 | | $ | 1,584 | |
(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, 2025 | Term Loans Amortized Cost Basis by Origination Year | | | | (In thousands) | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Revolving Loans Amortized Cost Basis | Total | 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 Mention | 1,330 | | 1,419 | | 1,022 | | 2,220 | | 51 | | 349 | | 31,645 | | 38,036 | | | Substandard | 1,810 | | 1,382 | | 385 | | 1,601 | | 1,216 | | 3,966 | | 4,265 | | 14,625 | | | Doubtful | 30 | | 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 Mention | 1,425 | | 4,211 | | 5,912 | | 5,847 | | 1,536 | | 5,644 | | 716 | | 25,291 | | | Substandard | 2,376 | | 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, 2025 | Term Loans Amortized Cost Basis by Origination Year | | | | (In thousands) | 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Revolving Loans Amortized Cost Basis | Total | | 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 | | | Substandard | 1,083 | | — | | 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 | | | Substandard | 500 | | 132 | | 38 | | 351 | | 156 | | 480 | | — | | 1,657 | | | Doubtful | 202 | | — | | — | | — | | 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 Mention | 2,755 | | 8,497 | | 7,158 | | 8,285 | | 2,651 | | 6,865 | | 33,567 | | 69,778 | | | Substandard | 5,769 | | 4,120 | | 1,813 | | 9,336 | | 4,949 | | 14,029 | | 8,143 | | 48,159 | | | Doubtful | 232 | | 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.
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| 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 | | $ | 126,388 | | | Allowance for credit losses at acquisition | | (1,803) | | | Non-credit discount at acquisition | | (4,552) | | | Purchase price of loans at acquisition | | $ | 120,033 | |
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| TDR Number Of Contracts Modified And Recorded Investment |
The following tables present the amortized cost basis of loans at June 30, 2026 and 2025 that were both experiencing financial difficulty and modified during the three months and the six months ended June 30, 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 June 30, 2026 | | (Dollars in thousands) | | Principal Forgiveness | | Payment Delay | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Total | | Percent of Total Class of Financing Receivable | | Commercial, financial and agricultural: | | | | | | | | | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | $ | 206 | | | $ | 29,546 | | | $ | — | | | $ | 190 | | | $ | — | | | $ | 29,942 | | | 2.19 | % | | Overdrafts | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Commercial real estate | | — | | | 445 | | | 4,165 | | | 3,134 | | | 391 | | | — | | | 8,135 | | | 0.27 | % | | Construction real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | 4,540 | | | — | | | — | | | — | | | 4,540 | | | 0.93 | % | | Retail | | — | | | — | | | — | | | — | | | 372 | | | — | | | 372 | | | 0.30 | % | | Residential real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | 954 | | | — | | | 568 | | | — | | | 1,522 | | | 0.16 | % | | Mortgage | | — | | | — | | | — | | | 162 | | | — | | | — | | | 162 | | | 0.01 | % | | HELOC | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Installment | | — | | | — | | | 23 | | | — | | | — | | | — | | | 23 | | | 0.41 | % | | Consumer: | | | | | | | | | | | | | | | | | | Consumer | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Check loans | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Leases | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Total | | $ | — | | | $ | 651 | | | $ | 39,228 | | | $ | 3,296 | | | $ | 1,521 | | | $ | — | | | $ | 44,696 | | | 0.46 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | (Dollars in thousands) | | Principal Forgiveness | | Payment Delay | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Total | | Percent of Total Class of Financing Receivable | | Commercial, financial and agricultural: | | | | | | | | | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | $ | — | | | $ | 19,796 | | | $ | — | | | $ | — | | | $ | — | | | $ | 19,796 | | | 1.63 | % | | Overdrafts | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Commercial real estate | | — | | | — | | | 3,856 | | | — | | | 747 | | | — | | | 4,603 | | | 0.22 | % | | Construction real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Retail | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Residential real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | 904 | | | — | | | — | | | — | | | 904 | | | 0.13 | % | | Mortgage | | — | | | — | | | — | | | — | | | — | | | 525 | | | 525 | | | 0.04 | % | | HELOC | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Installment | | — | | | — | | | 121 | | | — | | | 39 | | | — | | | 160 | | | 2.67 | % | | Consumer: | | | | | | | | | | | | | | | | | | Consumer | | — | | | — | | | — | | | 58 | | | — | | | — | | | 58 | | | — | % | | Check loans | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Leases | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Total | | $ | — | | | $ | — | | | $ | 24,677 | | | $ | 58 | | | $ | 786 | | | $ | 525 | | | $ | 26,046 | | | 0.33 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | (Dollars in thousands) | | Principal Forgiveness | | Payment Delay | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Total | | Percent of Total Class of Financing Receivable | | Commercial, financial and agricultural: | | | | | | | | | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | $ | 206 | | | $ | 30,091 | | | $ | 58 | | | $ | 256 | | | $ | — | | | $ | 30,611 | | | 2.24 | % | | Overdrafts | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Commercial real estate | | — | | | 445 | | | 4,283 | | | 3,134 | | | 391 | | | — | | | 8,253 | | | 0.27 | % | | Construction real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | 4,540 | | | — | | | — | | | — | | | 4,540 | | | 0.93 | % | | Retail | | — | | | — | | | 2 | | | — | | | 372 | | | — | | | 374 | | | 0.30 | % | | Residential real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | 954 | | | — | | | 568 | | | — | | | 1,522 | | | 0.16 | % | | Mortgage | | — | | | — | | | — | | | 296 | | | 225 | | | — | | | 521 | | | 0.04 | % | | HELOC | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Installment | | — | | | — | | | 23 | | | — | | | — | | | — | | | 23 | | | 0.41 | % | | Consumer: | | | | | | | | | | | | | | | | | | Consumer | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Check loans | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Leases | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Total | | $ | — | | | $ | 651 | | | $ | 39,893 | | | $ | 3,488 | | | $ | 1,812 | | | $ | — | | | $ | 45,844 | | | 0.47 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | (Dollars in thousands) | | Principal Forgiveness | | Payment Delay | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Total | | Percent of Total Class of Financing Receivable | | Commercial, financial and agricultural: | | | | | | | | | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | $ | 928 | | | $ | 22,564 | | | $ | — | | | $ | 147 | | | $ | — | | | $ | 23,639 | | | 1.95 | % | | Overdrafts | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Commercial real estate | | — | | | 6,213 | | | 3,265 | | | 1,467 | | | 922 | | | 1,427 | | | 13,294 | | | 0.63 | % | | Construction real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Retail | | — | | | — | | | — | | | — | | | — | | | 68 | | | 68 | | | 0.07 | % | | Residential real estate: | | | | | | | | | | | | | | | | | | Commercial | | — | | | 898 | | | 904 | | | — | | | — | | | — | | | 1,802 | | | 0.26 | % | | Mortgage | | — | | | — | | | — | | | — | | | — | | | 975 | | | 975 | | | 0.07 | % | | HELOC | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Installment | | — | | | — | | | 194 | | | — | | | 39 | | | — | | | 233 | | | 3.89 | % | | Consumer: | | | | | | | | | | | | | | | | | | Consumer | | — | | | — | | | — | | | 59 | | | — | | | — | | | 59 | | | — | % | | Check loans | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Leases | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | % | | Total | | $ | — | | | $ | 8,039 | | | $ | 26,927 | | | $ | 1,526 | | | $ | 1,108 | | | $ | 2,470 | | | $ | 40,070 | | | 0.50 | % |
The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months and six months ended June 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2026 | | (Dollars in thousands) | | Principal Forgiveness | | Weighted Average Interest Rate Reduction | | Weighted Average Term Extension (years) | | Weighted Average Payment Delay (years) | | Commercial, financial and agricultural: | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | (0.60) | % | | 0.4 | | 0.5 | | Overdrafts | | — | | | — | % | | 0.0 | | 0.0 | | Commercial real estate | | — | | | (0.41) | % | | 7.0 | | 0.5 | | Construction real estate: | | | | | | | | | | Commercial | | — | | | — | % | | 0.3 | | 0.0 | | Retail | | — | | | (0.76) | % | | 0.3 | | 0.0 | | Residential real estate: | | | | | | | | | | Commercial | | — | | | (0.90) | % | | 6.6 | | 0.0 | | Mortgage | | — | | | (1.88) | % | | 0.0 | | 0.0 | | HELOC | | — | | | — | % | | 0.0 | | 0.0 | | Installment | | — | | | — | % | | 9.8 | | 0.0 | | Consumer: | | | | | | | | | | Consumer | | — | | | — | % | | 0.0 | | 0.0 | | Check loans | | — | | | — | % | | 0.0 | | 0.0 | | Leases | | — | | | — | % | | 0.0 | | 0.0 | | Total | | $ | — | | | (0.55) | % | | 1.4 | | 0.5 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2025 | | (Dollars in thousands) | | Principal Forgiveness | | Weighted Average Interest Rate Reduction | | Weighted Average Term Extension (years) | | Weighted Average Payment Delay (years) | | Commercial, financial and agricultural: | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | — | % | | 1.0 | | 0.0 | | Overdrafts | | — | | | — | % | | 0.0 | | 0.0 | | Commercial real estate | | — | | | (0.50) | % | | 1.0 | | 0.0 | | Construction real estate: | | | | | | | | | | Commercial | | — | | | — | % | | 0.0 | | 0.0 | | Retail | | — | | | — | % | | 0.0 | | 0.0 | | Residential real estate: | | | | | | | | | | Commercial | | — | | | — | % | | 1.3 | | 0.0 | | Mortgage | | — | | | — | % | | 0.5 | | 0.5 | | HELOC | | — | | | — | % | | 0.0 | | 0.0 | | Installment | | — | | | (0.31) | % | | 9.4 | | 0.0 | | Consumer: | | | | | | | | | | Consumer | | — | | | (0.42) | % | | 0.0 | | 0.0 | | Check loans | | — | | | — | % | | 0.0 | | 0.0 | | Leases | | — | | | — | % | | 0.0 | | 0.0 | | Total | | $ | — | | | (0.49) | % | | 1.1 | | 0.5 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2026 | | (Dollars in thousands) | | Principal Forgiveness | | Weighted Average Interest Rate Reduction | | Weighted Average Term Extension (years) | | Weighted Average Payment Delay (years) | | Commercial, financial and agricultural: | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | (0.81) | % | | 0.4 | | 0.5 | | Overdrafts | | — | | | — | % | | 0.0 | | 0.0 | | Commercial real estate | | — | | | (0.41) | % | | 6.9 | | 0.5 | | Construction real estate: | | | | | | | | | | Commercial | | — | | | — | % | | 0.3 | | 0.0 | | Retail | | — | | | (0.76) | % | | 0.3 | | 0.0 | | Residential real estate: | | | | | | | | | | Commercial | | — | | | (0.90) | % | | 6.6 | | 0.0 | | Mortgage | | — | | | (2.42) | % | | 0.3 | | 0.0 | | HELOC | | — | | | — | % | | 0.0 | | 0.0 | | Installment | | — | | | — | % | | 9.8 | | 0.0 | | Consumer: | | | | | | | | | | Consumer | | — | | | — | % | | 0.0 | | 0.0 | | Check loans | | — | | | — | % | | 0.0 | | 0.0 | | Leases | | — | | | — | % | | 0.0 | | 0.0 | | Total | | $ | — | | | (0.71) | % | | 1.4 | | 0.5 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2025 | | (Dollars in thousands) | | Principal Forgiveness | | Weighted Average Interest Rate Reduction | | Weighted Average Term Extension (years) | | Weighted Average Payment Delay (years) | | Commercial, financial and agricultural: | | | | | | | | | | Commercial, financial and agricultural | | $ | — | | | (0.35) | % | | 1.1 | | 0.4 | | Overdrafts | | — | | | — | % | | 0.0 | | 0.0 | | Commercial real estate | | — | | | (0.70) | % | | 1.9 | | 0.5 | | Construction real estate: | | | | | | | | | | Commercial | | — | | | — | % | | 0.0 | | 0.0 | | Retail | | — | | | — | % | | 0.5 | | 0.5 | | Residential real estate: | | | | | | | | | | Commercial | | — | | | — | % | | 1.3 | | 0.5 | | Mortgage | | — | | | — | % | | 0.5 | | 0.5 | | HELOC | | — | | | — | % | | 0.0 | | 0.0 | | Installment | | — | | | (0.31) | % | | 11.2 | | 0.0 | | Consumer: | | | | | | | | | | Consumer | | — | | | (0.44) | % | | 0.0 | | 0.0 | | Check loans | | — | | | — | % | | 0.0 | | 0.0 | | Leases | | — | | | — | % | | 0.0 | | 0.0 | | Total | | $ | — | | | (0.66) | % | | 1.3 | | 0.5 |
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 June 30, 2026 and June 30, 2025, respectively:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Twelve Months Ended June 30, 2026 | | (Dollars in thousands) | | Current | | 30-59 days past due | | 60-89 days past due | | 90 days or more past due | | Total | | Commercial, financial and agricultural: | | | | | | | | | | | | Commercial, financial and agricultural | | $ | 48,467 | | | $ | — | | | $ | 256 | | | $ | — | | | $ | 48,723 | | | Overdrafts | | — | | | — | | | — | | | — | | | — | | | Commercial real estate | | 11,491 | | | — | | | — | | | — | | | 11,491 | | | Construction real estate: | | | | | | | | | | | | Commercial | | 5,807 | | | — | | | — | | | — | | | 5,807 | | | Retail | | 374 | | | — | | | — | | | — | | | 374 | | | Residential real estate: | | | | | | | | | | | | Commercial | | 1,977 | | | — | | | — | | | — | | | 1,977 | | | Mortgage | | 361 | | | 225 | | | 134 | | | 152 | | | 872 | | | HELOC | | — | | | — | | | — | | | — | | | — | | | Installment | | 74 | | | — | | | — | | | — | | | 74 | | | Consumer: | | | | | | | | | | | | Consumer | | — | | | — | | | — | | | — | | | — | | | Check loans | | — | | | — | | | — | | | — | | | — | | | Leases | | — | | | — | | | — | | | — | | | — | | | Total | | $ | 68,551 | | | $ | 225 | | | $ | 390 | | | $ | 152 | | | $ | 69,318 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Twelve Months Ended June 30, 2025 | | (Dollars in thousands) | | Current | | 30-59 days past due | | 60-89 days past due | | 90 days or more past due | | Total | | Commercial, financial and agricultural: | | | | | | | | | | | | Commercial, financial and agricultural | | $ | 26,669 | | | $ | — | | | $ | — | | | $ | — | | | $ | 26,669 | | | Overdrafts | | — | | | — | | | — | | | — | | | — | | | Commercial real estate | | 15,398 | | | — | | | — | | | 147 | | | 15,545 | | | Construction real estate: | | | | | | | | | | | | Commercial | | — | | | — | | | — | | | — | | | — | | | Retail | | 68 | | | — | | | — | | | — | | | 68 | | | Residential real estate: | | | | | | | | | | | | Commercial | | 1,802 | | | — | | | — | | | — | | | 1,802 | | | Mortgage | | 1,110 | | | 418 | | | 10 | | | 72 | | | 1,610 | | | HELOC | | — | | | — | | | — | | | — | | | — | | | Installment | | 374 | | | — | | | — | | | — | | | 374 | | | Consumer: | | | | | | | | | | | | Consumer | | 50 | | | — | | | 18 | | | — | | | 68 | | | Check loans | | — | | | — | | | — | | | — | | | — | | | Leases | | — | | | — | | | — | | | — | | | — | | | Total | | $ | 45,471 | | | $ | 418 | | | $ | 28 | | | $ | 219 | | | $ | 46,136 | |
The following tables present the amortized cost basis of loans that had a payment default subsequent to modification during the three months and six months ended June 30, 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
June 30, 2026 | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Commercial, financial and agricultural: | | | | | | | | | Commercial, financial and agricultural | $ | 905 | | | $ | — | | | $ | — | | | $ | — | | | Overdrafts | — | | | — | | | — | | | — | | | Commercial real estate | — | | | — | | | — | | | — | | | Construction real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Retail | — | | | — | | | — | | | — | | | Residential real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Mortgage | — | | | 296 | | | 225 | | | 152 | | | HELOC | — | | | — | | | — | | | — | | | Installment | — | | | — | | | — | | | — | | | Consumer: | | | | | | | | | Consumer | — | | | — | | | — | | | — | | | Check loans | — | | | — | | | — | | | — | | | Leases | — | | | — | | | — | | | — | | | Total loans | $ | 905 | | | $ | 296 | | | $ | 225 | | | $ | 152 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2025 | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Commercial, financial and agricultural: | | | | | | | | | Commercial, financial and agricultural | $ | 25 | | | $ | — | | | $ | 147 | | | $ | — | | | Overdrafts | — | | | — | | | — | | | — | | | Commercial real estate | 263 | | | — | | | — | | | — | | | Construction real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Retail | — | | | — | | | — | | | — | | | Residential real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Mortgage | 176 | | | 72 | | | 10 | | | 243 | | | HELOC | — | | | — | | | — | | | — | | | Installment | — | | | — | | | — | | | — | | | Consumer: | | | | | | | | | Consumer | — | | | 18 | | | — | | | — | | | Check loans | — | | | — | | | — | | | — | | | Leases | — | | | — | | | — | | | — | | | Total loans | $ | 464 | | | $ | 90 | | | $ | 157 | | | $ | 243 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2026 | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Commercial, financial and agricultural: | | | | | | | | | Commercial, financial and agricultural | $ | 905 | | | $ | — | | | $ | — | | | $ | — | | | Overdrafts | — | | | — | | | — | | | — | | | Commercial real estate | — | | | — | | | — | | | — | | | Construction real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Retail | — | | | — | | | — | | | — | | | Residential real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Mortgage | — | | | 296 | | | 225 | | | 152 | | | HELOC | — | | | — | | | — | | | — | | | Installment | — | | | — | | | — | | | — | | | Consumer: | | | | | | | | | Consumer | — | | | — | | | — | | | — | | | Check loans | — | | | — | | | — | | | — | | | Leases | — | | | — | | | — | | | — | | | Total loans | $ | 905 | | | $ | 296 | | | $ | 225 | | | $ | 152 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2025 | | Term Extension | | Interest Rate Reduction | | Combination Term Extension and Interest Rate Reduction | | Combination Term Extension and Payment Delay | | Commercial, financial and agricultural: | | | | | | | | | Commercial, financial and agricultural | $ | 25 | | | $ | — | | | $ | 262 | | | $ | — | | | Overdrafts | — | | | — | | | — | | | — | | | Commercial real estate | 263 | | | — | | | — | | | — | | | Construction real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Retail | — | | | — | | | — | | | — | | | Residential real estate: | | | | | | | | | Commercial | — | | | — | | | — | | | — | | | Mortgage | 176 | | | 72 | | | 10 | | | 243 | | | HELOC | — | | | — | | | — | | | — | | | Installment | — | | | — | | | — | | | — | | | Consumer: | | | | | | | | | Consumer | — | | | 18 | | | — | | | — | | | Check loans | — | | | — | | | — | | | — | | | Leases | — | | | — | | | — | | | — | | | Total loans | $ | 464 | | | $ | 90 | | | $ | 272 | | | $ | 243 | |
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.
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