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Other Investment Securities (Schedule Of Other Investment Securities) (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
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 March 31, 2021 and December 31, 2020 were as follows:
 
(In thousands)March 31, 2021December 31, 2020
FHLB stock$17,807 $22,090 
FRB stock14,653 14,653 
Equity investments carried at fair value2,012 2,511 
Equity investments carried at modified cost (1)
4,689 4,689 
Equity investments carried at NAV21,795 21,522 
Total other investment securities$60,956 $65,465 

1) There have been no impairments, downward adjustments, or upward adjustments made to equity investments carried at modified cost.

During the three months ended March 31, 2021 and 2020, the FHLB repurchased 42,833 and 12,163 shares, respectively, of FHLB stock with a book value of $4.3 million and $1.2 million, respectively. No shares of FRB stock were purchased during the three months ended March 31, 2021 or 2020.

During the three months ended March 31, 2021 and 2020, $435,000 and $(769,000), respectively, of gains (losses) 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 March 31, 2021 and 2020, $1.4 million and $(204,000), respectively, of gains (losses) 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 $ 17,807,000   $ 22,090,000
Federal Reserve Bank Stock 14,653,000   14,653,000
Equity investments carried at fair value 2,012,000   2,511,000
Equity Method Investments 4,689,000   4,689,000
Alternative Investment 21,795,000   21,522,000
Other investment securities $ 60,956,000   $ 65,465,000
equity investment shares sold 42,833 12,163  
Payments for (Proceeds from) Federal Home Loan Bank Stock $ (4,283,000) $ (1,216,000)  
(Gain) loss on equity securities, net 1,810,000 (973,000)  
Alternative Investment, income recognized 1,400,000 (204,000)  
Equity Securities [Member]      
Schedule of Investments [Line Items]      
(Gain) loss on equity securities, net $ 435,000 $ (769,000)