Other Real Estate Owned |
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| 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, 2025 and December 31, 2024 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 addition to real estate, Park may also repossess different types of collateral. At both June 30, 2025 and December 31, 2024, Park had $1.2 million in other repossessed assets which are included in "Other assets" on the Consolidated Condensed Balance Sheets.
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