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Foreclosed and Repossessed Assets
 12 Months Ended
Dec. 31, 2020
Other Assets [Abstract]  
Real Estate Owned [Text Block] Foreclosed and Repossessed Assets
Park typically transfers a loan to OREO at the time that Park takes deed/title to the real estate property asset. The carrying amount of foreclosed properties held at December 31, 2020 and December 31, 2019 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)December 31, 2020December 31, 2019
OREO:
Commercial real estate$625 $2,295 
Construction real estate— 879 
Residential real estate806 855 
Total OREO$1,431 $4,029 
Loans in process of foreclosure:
Residential real estate$1,643 $3,959 
In addition to real estate, Park may also repossess different types of collateral. As of December 31, 2020 and December 31, 2019, Park had $3.6 million and $4.2 million in other repossessed assets which are included in "Other assets" on the Consolidated Balance Sheets. For both periods presented, the other repossessed assets largely consisted of an aircraft acquired as part of a loan workout.