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

6 Months Ended

Jun. 30, 2016

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 June 30, 2016 and December 31, 2015, respectively, Park had approximately $12.1 million and $7.3 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 segments in Note 3 and Note 4. The contractual balance was $11.9 million and $7.2 million at June 30, 2016 and December 31, 2015, respectively. The gain expected upon sale was $178,000 and $95,000 at June 30, 2016 and December 31, 2015, respectively. None of these loans were 90 days or more past due or on nonaccrual status as of June 30, 2016 or December 31, 2015.

During the six-month period ended June 30, 2015, Park transferred to held for sale and sold certain commercial loans previously held for investment, with a book balance of $144,000, and recognized a gain of $756,000. There were no commercial loans held for sale or sold during the three-month period ended June 30, 2015 or during the three-month and six-month periods ended June 30, 2016.