Mortgage Loans Held For Sale

3 Months Ended

Mar. 31, 2012

Mortgage Loans Held For Sale [Abstract]

Mortgage Loans Held For Sale

Note 10 – Mortgage Loans Held For Sale

Mortgage loans held for sale are carried at their fair value. At March 31, 2012 and December 31, 2011, respectively, Park had approximately $11.1 million and $11.5 million in mortgage loans held for sale. These amounts are included in loans on the consolidated condensed balance sheets and in the residential real estate loan segments in Notes 5 and 6.The contractual balance was $10.9 million and $11.4 million at March 31, 2012 and December 31, 2011.The gain expected upon sale was $163,000 and $182,000 at March 31, 2012 and December 31, 2011.None of these loans are 90 days or more past due or on nonaccrual as of March 31, 2012 or December 31, 2011.