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Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | Summary information about Park's interest rate swaps as of December 31, 2020 and December 31, 2019 was as follows:
|  | December 31, 2020 |  | December 31, 2019
(In thousands, except weighted average data) |  | Borrowing Derivatives | Loan Derivatives |  | Borrowing Derivatives | Loan Derivatives
Notional amounts |  | $ | 25,000 |  | $ | 33,310 |  |  | $ | 25,000 |  | $ | 35,503 |
Weighted average pay rates |  | 2.595 | % | 4.695 | % |  | 2.595 | % | 4.695 | %
Weighted average receive rates |  | 0.218 | % | 4.695 | % |  | 2.002 | % | 4.695 | %
Weighted average maturity (years) |  | 1.5 | 9.3 |  | 2.5 | 10.2
Unrealized losses |  | $ | 885 |  | $ | — |  |  | $ | 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 years ended December 31, 2020, 2019 and 2018.
|  | Year ended December 31, 2020
(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 |  | $ | (244) |  | $ | — |  | $ | — |
|  | 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) |  | $ | — |  | $ | — |
|  | Year ended December 31, 2018
(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 |  | $ | — |  | $ | — |  | $ | — |
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 Sheets as of December 31, 2020 and 2019.
(In thousands) |  | December 31, 2020 |  | December 31, 2019
| Notional Amount |  | Fair Value |  | 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 |  | 33,310 |  |  | 3,934 |  |  | 24,421 |  |  | 1,781 |
Matched interest rate swaps with counterparty |  | — |  |  | — |  |  | 11,083 |  |  | 89 |
Total included in other assets |  | $ | 33,310 |  |  | $ | 3,934 |  |  | $ | 35,504 |  |  | $ | 1,870 |
Included in other liabilities: |  |  |  |  |  |  |  |
Borrowing derivatives - interest rate swaps related to FHLB advances |  | $ | 25,000 |  |  | $ | (885) |  |  | $ | 25,000 |  |  | $ | (575) |
Loan derivatives - instruments associated with loans |  |  |  |  |  |  |  |
Matched interest rate swaps with borrower |  | — |  |  | — |  |  | 11,083 |  |  | (89) |
Matched interest rate swaps with counterparty |  | 33,310 |  |  | (3,934) |  |  | 24,421 |  |  | (1,781) |
Total included in other liabilities |  | $ | 58,310 |  |  | $ | (4,819) |  |  | $ | 60,504 |  |  | $ | (2,445) |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
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