XML 38 R16.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Other Real Estate Owned | 12 Months Ended
--- | ---
Dec. 31, 2016
Real Estate [Abstract] |
Other Real Estate Owned | Other Real Estate Owned (In Thousands) The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of valuation allowances and direct write-downs, as of the dates presented:
| Purchased OREO |  | Non Purchased OREO |  | Total OREO
December 31, 2016 |  |  |  |  |
Residential real estate | $ | 2,230 |  |  | $ | 699 |  |  | $ | 2,929 |
Commercial real estate | 6,401 |  |  | 1,680 |  |  | 8,081 |
Residential land development | 2,344 |  |  | 1,688 |  |  | 4,032 |
Commercial land development | 6,395 |  |  | 1,862 |  |  | 8,257 |
Total | $ | 17,370 |  |  | $ | 5,929 |  |  | $ | 23,299 |
December 31, 2015 |  |  |  |  |
Residential real estate | $ | 2,707 |  |  | $ | 2,087 |  |  | $ | 4,794 |
Commercial real estate | 6,283 |  |  | 5,104 |  |  | 11,387 |
Residential land development | 1,717 |  |  | 2,879 |  |  | 4,596 |
Commercial land development | 11,709 |  |  | 2,916 |  |  | 14,625 |
Total | $ | 22,416 |  |  | $ | 12,986 |  |  | $ | 35,402 |
Changes in the Company’s purchased and non purchased OREO were as follows:
| Purchased OREO |  | Non Purchased OREO |  | Total OREO
Balance at December 31, 2014 | $ | 17,386 |  |  | $ | 17,086 |  |  | $ | 34,472 |
Purchased OREO | 9,972 |  |  | — |  |  | 9,972 |
Transfers of loans | 11,642 |  |  | 3,293 |  |  | 14,935 |
Impairments(1) | (1,033 | ) |  | (1,486 | ) |  | (2,519 | )
Dispositions | (15,551 | ) |  | (5,873 | ) |  | (21,424 | )
Other | — |  |  | (34 | ) |  | (34 | )
Balance at December 31, 2015 | $ | 22,416 |  |  | $ | 12,986 |  |  | $ | 35,402 |
Purchased OREO | — |  |  | — |  |  | — |
Transfers of loans | 7,935 |  |  | 935 |  |  | 8,870 |
Impairments(1) | (1,631 | ) |  | (1,484 | ) |  | (3,115 | )
Dispositions | (11,071 | ) |  | (6,458 | ) |  | (17,529 | )
Other | (279 | ) |  | (50 | ) |  | (329 | )
Balance at December 31, 2016 | $ | 17,370 |  |  | $ | 5,929 |  |  | $ | 23,299 |
(1) | Of the total impairment charges of $2,519 recorded for OREO in 2015, $2,157 was included in the Consolidated Statements of Income for the year ended December 31, 2015, while the remaining $362 increased the FDIC loss-share indemnification asset. Of the total impairment charges of $3,115 recorded for OREO in 2016, $3,018 was included in the Consolidated Statements of Income for the year ended December 31, 2016, while the remaining $97 increased the FDIC loss share indemnification asset prior to the termination of the Company's loss share agreements effective December 8, 2016.
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Repairs and maintenance | $ | 962 |  |  | $ | 840 |  |  | $ | 2,129 |
Property taxes and insurance | 1,374 |  |  | 809 |  |  | 372 |
Impairments | 3,018 |  |  | 2,157 |  |  | 2,434 |
Net (gains) losses on OREO sales | 590 |  |  | (582 | ) |  | (151 | )
Rental income | (248 | ) |  | (179 | ) |  | (191 | )
Total | $ | 5,696 |  |  | $ | 3,045 |  |  | $ | 4,593 |

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

X
- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 40 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=68051746&loc=d3e18551-111553 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 40 -Section 40 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=68051746&loc=d3e18511-111553 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65884687&loc=d3e4437-111522 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 35 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=29634951&loc=d3e1424-110224 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule III)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 6: 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(10)(4)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 35 -Paragraph 43 -URI http://asc.fasb.org/extlink&oid=29634951&loc=d3e1739-110224 Reference 9: 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(8)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration