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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2022
Other Real Estate Owned [Abstract]  
Other Real Estate Owned 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 amounts of foreclosed real estate properties held at March 31, 2022 and December 31, 2021 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)March 31, 2022December 31, 2021
OREO:
Residential real estate760 775 
Total OREO$760 $775 
Loans in process of foreclosure:
Residential real estate$1,452 $1,148 
In addition to real estate, Park may also repossess different types of collateral. At March 31, 2022 and December 31, 2021, Park had $643,000 and $3.3 million, respectively, in other repossessed assets which are included in "Other assets" on the Consolidated Condensed Balance Sheets. At December 31, 2021, the other repossessed assets largely consisted of an aircraft acquired as part of a loan workout.