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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 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
September 30, 2018 |  |  |  |  |
Residential real estate | $ | 501 |  |  | $ | 1,485 |  |  | $ | 1,986 |
Commercial real estate | 2,978 |  |  | 1,656 |  |  | 4,634 |
Residential land development | 706 |  |  | 575 |  |  | 1,281 |
Commercial land development | 3,747 |  |  | 949 |  |  | 4,696 |
Total | $ | 7,932 |  |  | $ | 4,665 |  |  | $ | 12,597 |
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 | 620 |  |  | 2,037 |  |  | 2,657 |
Impairments | (727 | ) |  | (403 | ) |  | (1,130 | )
Dispositions | (3,483 | ) |  | (1,333 | ) |  | (4,816 | )
Other | (2 | ) |  | (46 | ) |  | (48 | )
Balance at September 30, 2018 | $ | 7,932 |  |  | $ | 4,665 |  |  | $ | 12,597 |
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 |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Repairs and maintenance | $ | 74 |  |  | $ | 206 |  |  | $ | 242 |  |  | $ | 602 |
Property taxes and insurance | 38 |  |  | 87 |  |  | 187 |  |  | 495 |
Impairments | 380 |  |  | 697 |  |  | 1,129 |  |  | 1,454 |
Net gains on OREO sales | (213 | ) |  | (350 | ) |  | (356 | ) |  | (488 | )
Rental income | (1 | ) |  | (37 | ) |  | (35 | ) |  | (147 | )
Total | $ | 278 |  |  | $ | 603 |  |  | $ | 1,167 |  |  | $ | 1,916 |

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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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