Mortgage Loans Held For Sale

9 Months Ended

Sep. 30, 2013

Loans Receivable Held-for-sale, Net [Abstract]

Mortgage Loans Held For Sale

Mortgage Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At September 30, 2013 and December 31, 2012, respectively, Park had approximately $6.6 million and $25.7 million in mortgage loans held for sale. These amounts are included in loans on the consolidated condensed balance sheets and in the residential real estate loan classes in Notes 5 and 6. The contractual balance was $6.5 million and $25.2 million at September 30, 2013 and December 31, 2012, respectively. The gain expected upon sale was $114,000 and $568,000 at September 30, 2013 and December 31, 2012, respectively. None of these loans were 90 days or more past due or on nonaccrual status as of September 30, 2013 or December 31, 2012.