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Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2017
Real Estate [Abstract] |
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | 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
March 31, 2017 |  |  |  |  |
Residential real estate | $ | 2,120 |  |  | $ | 861 |  |  | $ | 2,981 |
Commercial real estate | 6,427 |  |  | 1,496 |  |  | 7,923 |
Residential land development | 2,215 |  |  | 1,049 |  |  | 3,264 |
Commercial land development | 5,504 |  |  | 1,650 |  |  | 7,154 |
Total | $ | 16,266 |  |  | $ | 5,056 |  |  | $ | 21,322 |
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 |
Changes in OREO covered and not covered under a loss-share agreement | Changes in the Company’s purchased and non purchased OREO were as follows:
| Purchased OREO |  | Non Purchased OREO |  | Total OREO
Balance at January 1, 2017 | $ | 17,370 |  |  | $ | 5,929 |  |  | $ | 23,299 |
Transfers of loans | 2,985 |  |  | 183 |  |  | 3,168 |
Capitalized improvements | — |  |  | — |  |  | — |
Impairments | (229 | ) |  | (149 | ) |  | (378 | )
Dispositions | (3,516 | ) |  | (1,203 | ) |  | (4,719 | )
Other | (344 | ) |  | 296 |  |  | (48 | )
Balance at March 31, 2017 | $ | 16,266 |  |  | $ | 5,056 |  |  | $ | 21,322 |
Components of "Other real estate owned" in the Consolidated Statements of Income | Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:
| Three Months Ended
| March 31,
| 2017 |  | 2016
Repairs and maintenance | $ | 197 |  |  | $ | 197 |
Property taxes and insurance | 332 |  |  | 470 |
Impairments | 378 |  |  | 294 |
Net (gains) losses on OREO sales | (327 | ) |  | 50 |
Rental income | (48 | ) |  | (54 | )
Total | $ | 532 |  |  | $ | 957 |

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- Definition Components of other real estate owned in the consolidated statements of income. + References No definition available. + Details
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- Definition Other Real Estate Owned. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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- References No definition available. + Details
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