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Other Investment Securities (Schedule Of Other Investment Securities) (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Schedule of Investments [Line Items]          
Other Investment Securities,     Other Investment Securities
 
Other investment securities consist of stock investments in the FHLB, the FRB, and equity securities. The FHLB and FRB stock investments are carried at their redemption value. Equity securities with a readily determinable fair value are carried at fair value. Equity securities without a readily determinable fair value are recorded at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions ("modified cost"). Park's portfolio of equity investments in limited partnerships which provide mezzanine funding ("Partnership Investments") are valued using the NAV practical expedient in accordance with ASC 820.

The carrying amounts of other investment securities at September 30, 2020 and December 31, 2019 were as follows:
 
(In thousands)September 30, 2020December 31, 2019
FHLB stock$22,421 $30,060 
FRB stock14,653 14,653 
Equity investments carried at fair value2,042 1,993 
Equity investments carried at modified cost (1)
4,689 2,689 
Equity investments carried at NAV20,979 20,411 
Total other investment securities$64,784 $69,806 
(1) There have been no impairments, downward adjustments, or upward adjustments made to equity investments carried at modified cost.

During the three months ended September 30, 2020 and 2019, the FHLB repurchased 13,971 and 18,567 shares, respectively, of FHLB stock with a book value of $1.4 million and $1.9 million, respectively. During the nine months ended September 30, 2020 and 2019, the FHLB repurchased 76,394 and 99,646 shares, respectively, of FHLB stock with a book value of $7.6 million and $10.0 million, respectively. Additionally, during 2019, Park acquired Carolina Alliance's FHLB shares which were subsequently repurchased by the FHLB. During the three and nine months ended September 30, 2019, Park purchased 76,831 and 128,553 shares, respectively, of FRB stock, with a book value of $3.8 million and $6.4 million, respectively. No shares of FRB stock were purchased during the three and nine months ended September 30, 2020.

During the three months ended September 30, 2020 and 2019, $(89,000) and $58,000, respectively, of unrealized (losses) gains on equity investments carried at fair value were recorded within "Gain (loss) on equity securities, net" on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2020 and 2019, $(708,000) and $241,000, respectively, of unrealized (losses) gains on equity investments carried at fair value were recorded within "Gain (loss) on equity securities, net" on the Consolidated Condensed Statements of Income.

During the three months ended September 30, 2020 and 2019, $1.3 million and $3.3 million, respectively, of gains on equity investments carried at NAV were recorded within “Gain (loss) on equity securities, net” on the Consolidated Condensed Statements of Income. During the nine months ended September 30, 2020 and 2019, $(41,000) and $5.1 million, respectively, of (losses) gains on equity investments carried at NAV were recorded within "Gain (loss) on equity securities, net" on the Consolidated Condensed Statements of Income.
   
Federal Home Loan Bank Stock $ 22,421,000   $ 22,421,000   $ 30,060,000
Federal Reserve Bank Stock 14,653,000   14,653,000   14,653,000
Equity investments carried at fair value 2,042,000   2,042,000   1,993,000
Equity Method Investments 4,689,000   4,689,000   2,689,000
Alternative Investment 20,979,000   20,979,000   20,411,000
Other investment securities $ 64,784,000   $ 64,784,000   $ 69,806,000
equity investment shares sold 13,971 18,567 76,394 99,646  
Payments for (Proceeds from) Federal Home Loan Bank Stock $ (1,400,000) $ (1,900,000) $ (7,639,000) $ (9,964,000)  
equity investment purchased, shares   76,831   128,553  
Payments to Acquire Federal Reserve Bank Stock   $ 3,800,000 0 $ 5,180,000  
Loss (gain) on equity securities, net 1,201,000 3,335,000 (749,000) 5,309,000  
Alternative Investment, income recognized 1,300,000 3,300,000 (41,000) 5,100,000  
PNB [Member]          
Schedule of Investments [Line Items]          
Payments for (Proceeds from) Federal Home Loan Bank Stock       (10,000,000.0)  
Payments to Acquire Federal Reserve Bank Stock       6,400,000  
Loss (gain) on equity securities, net 739,000 240,000 113,000 972,000  
Equity Securities [Member]          
Schedule of Investments [Line Items]          
Loss (gain) on equity securities, net $ (89,000) $ 58,000 $ (708,000) $ 241,000