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Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2018
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, 2018 |  |  |  |  |
Residential real estate | $ | 1,061 |  |  | $ | 1,087 |  |  | $ | 2,148 |
Commercial real estate | 3,593 |  |  | 1,572 |  |  | 5,165 |
Residential land development | 698 |  |  | 1,045 |  |  | 1,743 |
Commercial land development | 4,402 |  |  | 1,097 |  |  | 5,499 |
Total | $ | 9,754 |  |  | $ | 4,801 |  |  | $ | 14,555 |
December 31, 2017 |  |  |  |  |
Residential real estate | $ | 1,683 |  |  | $ | 758 |  |  | $ | 2,441 |
Commercial real estate | 4,314 |  |  | 1,624 |  |  | 5,938 |
Residential land development | 1,100 |  |  | 781 |  |  | 1,881 |
Commercial land development | 4,427 |  |  | 1,247 |  |  | 5,674 |
Total | $ | 11,524 |  |  | $ | 4,410 |  |  | $ | 15,934 |
Changes in purchased and non purchased OREO | Changes in the Company’s purchased and non purchased OREO were as follows:
| Purchased OREO |  | Non Purchased OREO |  | Total OREO
Balance at January 1, 2018 | $ | 11,524 |  |  | $ | 4,410 |  |  | $ | 15,934 |
Transfers of loans | 39 |  |  | 1,115 |  |  | 1,154 |
Impairments | (305 | ) |  | (47 | ) |  | (352 | )
Dispositions | (1,504 | ) |  | (677 | ) |  | (2,181 | )
Balance at March 31, 2018 | $ | 9,754 |  |  | $ | 4,801 |  |  | $ | 14,555 |
Components of OREO 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,
| 2018 |  | 2017
Repairs and maintenance | $ | 113 |  |  | $ | 197 |
Property taxes and insurance | 112 |  |  | 332 |
Impairments | 352 |  |  | 378 |
Net losses (gains) on OREO sales | 96 |  |  | (327 | )
Rental income | (16 | ) |  | (48 | )
Total | $ | 657 |  |  | $ | 532 |

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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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