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Other Real Estate Owned
 6 Months Ended
Jun. 30, 2024
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, 2024 and December 31, 2023 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, 2024December 31, 2023
OREO:
Commercial real estate$938 $983 
Residential real estate272 — 
Total OREO$1,210 $983 
Loans in process of foreclosure:
Residential real estate$2,507 $1,957 

In addition to real estate, Park may also repossess different types of collateral. At June 30, 2024 and December 31, 2023, Park had $1.0 million and $1.1 million, respectively, in other repossessed assets which are included in "Other assets" on the consolidated condensed balance sheets.