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Derivatives (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Summary information about Park's interest rate swaps as of December 31, 2019 follows:

						December 31, 2019
(In thousands, except weighted average data)						Borrowing Derivatives						Loan Derivatives
Notional amounts						$	25,000					$	35,503
Weighted average pay rates						2.595		%				4.695		%
Weighted average receive rates						2.002		%				4.695		%
Weighted average maturity (years)						2.5						10.2
Unrealized losses						$	575					$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents the net gains (losses), net of income taxes, recorded in AOCI and the consolidated statements of income related to interest rate swaps for the year ended December 31, 2019.

						Year ended December 31, 2019
(In thousands)						Amount of Gain (Loss) Recognized in OCI (Effective Portion)			Amount of Gain (Loss) Reclassified from OCI to Interest Income			Amount of Gain (Loss) Recognized in Other Non-interest Income (Ineffective Portion)
Interest rate contracts						$	(454)		$	—		$	—

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table reflects the interest rate swaps included in the Consolidated Balance Sheet as of December 31, 2019.

(In thousands)						December 31, 2019
									Notional Amount						Fair Value
Included in other assets:
Borrowing derivatives - interest rate swaps related to FHLB advances						$	—					$	—
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower						24,421						1,781
Matched interest rate swaps with counterparty						11,083						89
Total included in other assets						$	35,504					$	1,870
Included in other liabilities:
Borrowing derivatives - interest rate swaps related to FHLB advances						$	25,000					$	(575)
Loan derivatives - instruments associated with loans
Matched interest rate swaps with borrower						11,083						(89)
Matched interest rate swaps with counterparty						24,421						(1,781)
Total included in other liabilities						$	60,504					$	(2,445)

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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