Derivatives (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Summary information about Park's interest rate swaps as of December 31, 2020 and December 31, 2019 was as follows:

	December 31, 2020						December 31, 2019
(In thousands, except weighted average data)	Borrowing Derivatives			Loan Derivatives			Borrowing Derivatives			Loan Derivatives
Notional amounts	$	25,000		$	33,310		$	25,000		$	35,503
Weighted average pay rates	2.595		%	4.695		%	2.595		%	4.695		%
Weighted average receive rates	0.218		%	4.695		%	2.002		%	4.695		%
Weighted average maturity (years)	1.5			9.3			2.5			10.2
Unrealized losses	$	885		$	—		$	575		$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents the net gains (losses), net of income taxes, recorded in AOCI and the Consolidated Statements of Income related to interest rate swaps for the years ended December 31, 2020, 2019 and 2018.

	Year ended December 31, 2020
(In thousands)	Amount of Gain (Loss) Recognized in OCI (Effective Portion)		Amount of Gain (Loss) Reclassified from OCI to Interest Income		Amount of Gain (Loss) Recognized in Other Non-interest Income (Ineffective Portion)
Interest rate contracts	$	(244)	$	—	$	—

	Year ended December 31, 2019
(In thousands)	Amount of Gain (Loss) Recognized in OCI (Effective Portion)		Amount of Gain (Loss) Reclassified from OCI to Interest Income		Amount of Gain (Loss) Recognized in Other Non-interest Income (Ineffective Portion)
Interest rate contracts	$	(454)	$	—	$	—

	Year ended December 31, 2018
(In thousands)	Amount of Gain (Loss) Recognized in OCI (Effective Portion)		Amount of Gain (Loss) Reclassified from OCI to Interest Income		Amount of Gain (Loss) Recognized in Other Non-interest Income (Ineffective Portion)
Interest rate contracts	$	—	$	—	$	—

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table reflects the interest rate swaps included in the Consolidated Balance Sheets as of December 31, 2020 and 2019.

(In thousands)	December 31, 2020				December 31, 2019
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in other assets:
Borrowing derivatives - interest rate swaps related to FHLB advances	$	—	$	—	$	—	$	—
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	33,310		3,934		24,421		1,781
Matched interest rate swaps with counterparty	—		—		11,083		89
Total included in other assets	$	33,310	$	3,934	$	35,504	$	1,870
Included in other liabilities:
Borrowing derivatives - interest rate swaps related to FHLB advances	$	25,000	$	(885)	$	25,000	$	(575)
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower	—		—		11,083		(89)
Matched interest rate swaps with counterparty	33,310		(3,934)		24,421		(1,781)
Total included in other liabilities	$	58,310	$	(4,819)	$	60,504	$	(2,445)