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Other Investment Securities | 6 Months Ended
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Jun. 30, 2014
Other Investment Securities [Abstract] |
Other Investment Securities | Other Investment Securities Other investment securities consist of stock investments in the Federal Home Loan Bank ("FHLB") and the Federal Reserve Bank ("FRB"). These restricted stock investments are carried at their redemption value.
|  | June 30, 2014 |  | December 31, 2013
(In thousands) |  |
Federal Home Loan Bank stock |  | $ | 50,086 |  |  | $ | 59,031 |
Federal Reserve Bank stock |  | 8,225 |  |  | 6,876 |
Total |  | $ | 58,311 |  |  | $ | 65,907 |
During 2014, the FHLB elected to repurchase 89,460 shares of FHLB stock for $8.9 million. There was no gain or loss resulting from this transaction. Additionally during 2014, Park purchased 27,000 shares of FRB stock in order to maintain required stock levels. The FRB stock was purchased for a $1.4 million subscription.

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