Mortgage Loans Held For Sale Mortgage Loans Held for Sale (Notes)

3 Months Ended

Mar. 31, 2015

Mortgage Loans Held for Sale [Line Items]

Mortgage Loans Held For Sale Disclosure [Text Block]

Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At March 31, 2015 and December 31, 2014, respectively, Park had approximately $8.0 million and $5.3 million in mortgage loans held for sale. These amounts are included in loans on the consolidated condensed balance sheets and in residential real estate loan segments in Note 3 and Note 4. The contractual balance was $7.9 million and $5.2 million at March 31, 2015 and December 31, 2014, respectively. The gain expected upon sale was $122,000 and $80,000 at March 31, 2015 and December 31, 2014, respectively. None of these loans were 90 days or more past due or on nonaccrual status as of March 31, 2015 or December 31, 2014.

During the three months ended March 31, 2015, Park transferred to held for sale and sold certain commercial loans held for investment, with a book balance of $132,000, and recognized a gain of $756,000. There were no commercial loans held for sale or sold in the same period of 2014.