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Other Investment Securities (Schedule Of Other Investment Securities) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 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 June 30, 2021 and December 31, 2020 were as follows:
 
(In thousands)June 30, 2021December 31, 2020
FHLB stock$15,542 $22,090 
FRB stock14,653 14,653 
Equity investments carried at fair value1,973 2,511 
Equity investments carried at modified cost (1)
4,689 4,689 
Equity investments carried at NAV20,791 21,522 
Total other investment securities$57,648 $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 June 30, 2021 and 2020, the FHLB repurchased 22,651 and 50,260 shares, respectively, of FHLB stock with a book value of $2.3 million and $5.0 million, respectively. During the six months ended June 30, 2021 and 2020, the FHLB repurchased 65,484 and 62,423 shares, respectively, of FHLB stock with a book value of $6.5 million and $6.2 million, respectively. No shares of FRB stock were purchased during the three months or six months ended June 30, 2021 or 2020.

During the three months ended June 30, 2021 and 2020, $(39,000) and $150,000, respectively, of (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 six months ended June 30, 2021 and 2020, $396,000 and $(619,000), 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 June 30, 2021 and 2020, $0.5 million and $(1.1) million, 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. During the six months ended June 30, 2021 and 2020, $1.9 million and $(1.3) million, 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 $ 15,542,000   $ 15,542,000   $ 22,090,000
Federal Reserve Bank Stock 14,653,000   14,653,000   14,653,000
Equity investments carried at fair value 1,973,000   1,973,000   2,511,000
Equity Method Investments 4,689,000   4,689,000   4,689,000
Alternative Investment 20,791,000   20,791,000   21,522,000
Other investment securities $ 57,648,000   $ 57,648,000   $ 65,465,000
equity investment shares sold 22,651 50,260 65,484 62,423  
Payments for (Proceeds from) Federal Home Loan Bank Stock $ (2,300,000) $ (5,000,000.0) $ (6,549,000) $ (6,242,000)  
(Gain) loss on equity securities, net 467,000 (977,000) 2,277,000 (1,950,000)  
Alternative Investment, income recognized 500,000 (1,100,000) 1,900,000 (1,300,000)  
Equity Securities [Member]          
Schedule of Investments [Line Items]          
(Gain) loss on equity securities, net $ (39,000) $ 150,000 $ 396,000 $ (619,000)