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Short-Term Borrowings | 12 Months Ended
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Dec. 31, 2013
Short-term Debt [Abstract] |
Short-Term Borrowings | Short-Term Borrowings Short-term borrowings were as follows:
December 31 (In thousands) |  | 2013 |  | 2012
Securities sold under agreements to repurchase and federal funds purchased |  | $ | 242,029 |  |  | $ | 244,168 |
Federal Home Loan Bank advances |  | — |  |  | 100,000 |
Total short-term borrowings |  | $ | 242,029 |  |  | $ | 344,168 |
The outstanding balances for all short-term borrowings as of December 31, 2013 and 2012 and the weighted-average interest rates as of and paid during each of the years then ended were as follows:
(In thousands) |  | Repurchase agreements and Federal Funds Purchased |  | FHLB Advances
2013 |  |  |  |
Ending balance |  | $ | 242,029 |  |  | $ | — |
Highest month-end balance |  | 280,863 |  |  | — |
Average daily balance |  | 251,868 |  |  | 1,255 |
Weighted-average interest rate: |  |  |  |
As of year-end |  | 0.19 | % |  | — | %
Paid during the year |  | 0.21 | % |  | 0.41 | %
2012 |  |  |  |
Ending balance |  | $ | 244,168 |  |  | $ | 100,000 |
Highest month-end balance |  | 302,946 |  |  | 100,000 |
Average daily balance |  | 257,341 |  |  | 1,320 |
Weighted-average interest rate: |  |  |  |
As of year-end |  | 0.23 | % |  | 0.38 | %
Paid during the year |  | 0.26 | % |  | 0.28 | %
At December 31, 2012, outstanding FHLB advances were collateralized by investment securities owned by the Corporation’s bank subsidiary and by various loans pledged under a blanket agreement by the Corporation’s bank subsidiary. See Note 4 of these Notes to Consolidated Financial Statements for the amount of investment securities that are pledged. At December 31, 2013 and 2012, $2,072 million and $2,053 million, respectively, of commercial real estate and residential mortgage loans were pledged under a blanket agreement to the FHLB by Park’s bank subsidiary. Note 4 states that $648 million and $667 million of securities were pledged to secure repurchase agreements as of December 31, 2013 and 2012, respectively. Park’s repurchase agreements in short-term borrowings consist of customer accounts and securities which are pledged on an individual security basis. Park’s repurchase agreements with a third-party financial institution are classified as long-term debt. See Note 10 of these Notes to Consolidated Financial Statements.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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