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Other Real Estate Owned
 6 Months Ended
Jun. 30, 2023
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 June 30, 2023 and December 31, 2022 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)June 30, 2023December 31, 2022
OREO:
Commercial real estate$1,354 $1,354 
Residential real estate913 — 
Total OREO$2,267 $1,354 
Loans in process of foreclosure:
Residential real estate$1,714 $1,614 
In addition to real estate, Park may also repossess different types of collateral. At June 30, 2023 and December 31, 2022, Park had $1.0 million and $0.6 million, respectively, in other repossessed assets which are included in "Other assets" on the Consolidated Condensed Balance Sheets.