XML 37 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2015
Other Real Estate Owned [Abstract]  
Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Table Text Block] [Text Block]
Other Real Estate Owned ("OREO")
 
Management transfers a loan to OREO at the time that Park takes deed/title of the asset. The carrying amount of foreclosed properties held at March 31, 2015 and December 31, 2014 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings are in process.

(in thousands)
 
March 31, 2015
 
December 31, 2014
OREO:
 
 
 
 
Commercial real estate
 
$
10,611

 
$
6,352

Construction real estate
 
11,078

 
11,281

Residential real estate
 
4,648

 
4,972

Total OREO
 
$
26,337

 
$
22,605

 
 
 
 
 
Loans in process of foreclosure:
 
 
 
 
Residential real estate
 
$
3,464

 
$
2,807