XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Investment in Qualified Affordable Housing | 9 Months Ended
--- | ---
Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Qualified Affordable Housing | Investment in Qualified Affordable Housing Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purposes of these investments are to achieve a satisfactory return on capital, help create affordable housing opportunities, and assist the Company to achieve its goals associated with the Community Reinvestment Act. The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments as of September 30, 2018 and December 31, 2017.
(in thousands) |  | September 30, 2018 | December 31, 2017
Affordable housing tax credit investments |  | $ | 52,116 |  | $ | 49,669 |
Unfunded commitments |  | 22,282 |  | 14,282 |
Commitments are funded when capital calls are made by the general partner. Park expects that the current commitments will be funded between 2018 and 2029. During each of the three months ended September 30, 2018 and 2017, Park recognized amortization expense of $1.9 million and during each of the nine months ended September 30, 2018 and 2017, Park recognized amortization expense of $5.6 million, which was included within the provision for income taxes. Additionally, during the three months ended September 30, 2018 and 2017, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $2.0 million and $2.3 million, respectively, and during each of the nine months ended September 30, 2018 and 2017, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $6.9 million which was included within the provision for income taxes.

X
- Definition The entire disclosure for Affordable Housing Program (AHP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -URI http://asc.fasb.org/topic&trid=2209208 + Details
Name: | us-gaap_AffordableHousingProgramTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration