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. In addition, during the three months ended March 31, 2026, Park acquired $21.3 million of OREO in connection with the acquisition of First Citizens. The carrying amounts of foreclosed real estate properties held at March 31, 2026 and December 31, 2025 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. As of March 31, 2026 and December 31, 2025, Park had $1.3 million and $0.9 million in other repossessed assets which are included in "Other assets" on the Consolidated Condensed Balance Sheets.
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