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Other Real Estate Owned (Tables) | 6 Months Ended
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Jun. 30, 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
June 30, 2018 |  |  |  |  |
Residential real estate | $ | 543 |  |  | $ | 1,540 |  |  | $ | 2,083 |
Commercial real estate | 3,257 |  |  | 1,484 |  |  | 4,741 |
Residential land development | 724 |  |  | 605 |  |  | 1,329 |
Commercial land development | 4,482 |  |  | 1,069 |  |  | 5,551 |
Total | $ | 9,006 |  |  | $ | 4,698 |  |  | $ | 13,704 |
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 | 515 |  |  | 1,776 |  |  | 2,291 |
Impairments | (455 | ) |  | (294 | ) |  | (749 | )
Dispositions | (2,576 | ) |  | (1,193 | ) |  | (3,769 | )
Other | (2 | ) |  | (1 | ) |  | (3 | )
Balance at June 30, 2018 | $ | 9,006 |  |  | $ | 4,698 |  |  | $ | 13,704 |
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 |  | Six Months Ended
| June 30, |  | June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Repairs and maintenance | $ | 55 |  |  | $ | 199 |  |  | $ | 168 |  |  | $ | 396 |
Property taxes and insurance | 37 |  |  | 76 |  |  | 149 |  |  | 408 |
Impairments | 397 |  |  | 379 |  |  | 749 |  |  | 757 |
Net losses (gains) on OREO sales | (239 | ) |  | 189 |  |  | (143 | ) |  | (138 | )
Rental income | (18 | ) |  | (62 | ) |  | (34 | ) |  | (110 | )
Total | $ | 232 |  |  | $ | 781 |  |  | $ | 889 |  |  | $ | 1,313 |

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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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