Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2019

Other Real Estate Owned [Abstract]

Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Table Text Block] [Text Block]

Foreclosed and Repossessed Assets

Park typically transfers a loan to other real estate owned ("OREO") at the time that Park takes deed/title to the asset. The carrying amounts of foreclosed properties held at March 31, 2019 and December 31, 2018 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.

(in thousands)	March 31, 2019		December 31, 2018
OREO:
Commercial real estate	$	2,539	$	2,359
Construction real estate	1,107		1,108
Residential real estate	983		836
Total OREO	$	4,629	$	4,303
Loans in process of foreclosure:
Residential real estate	$	2,789	$	2,346

In addition to real estate, Park may also repossess different types of collateral. As of March 31, 2019 and December 31, 2018, Park had $3.9 million and $4.0 million, respectively, in other repossessed assets which are included in "Other Assets" on the Consolidated Condensed Balance Sheets. For both periods presented, the other repossessed assets largely consisted of an aircraft acquired as part of a loan workout.