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Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2020
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, 2020 |  |  |  |  |
Residential real estate | $ | 649 |  |  | $ | 1,012 |  |  | $ | 1,661 |
Commercial real estate | 2,058 |  |  | 1,353 |  |  | 3,411 |
Residential land development | 572 |  |  | 387 |  |  | 959 |
Commercial land development | 2,151 |  |  | 489 |  |  | 2,640 |
Total | $ | 5,430 |  |  | $ | 3,241 |  |  | $ | 8,671 |
December 31, 2019 |  |  |  |  |
Residential real estate | $ | 890 |  |  | $ | 415 |  |  | $ | 1,305 |
Commercial real estate | 2,106 |  |  | 1,548 |  |  | 3,654 |
Residential land development | 530 |  |  | 369 |  |  | 899 |
Commercial land development | 1,722 |  |  | 430 |  |  | 2,152 |
Total | $ | 5,248 |  |  | $ | 2,762 |  |  | $ | 8,010 |
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, 2020 | $ | 5,248 |  |  | $ | 2,762 |  |  | $ | 8,010 |
Transfers of loans | 754 |  |  | 886 |  |  | 1,640 |
Impairments | (178 | ) |  | (19 | ) |  | (197 | )
Dispositions | (394 | ) |  | (388 | ) |  | (782 | )
Balance at March 31, 2020 | $ | 5,430 |  |  | $ | 3,241 |  |  | $ | 8,671 |
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,
|  | 2020 |  | 2019
Repairs and maintenance |  | $ | 86 |  |  | $ | 95 |
Property taxes and insurance |  | 133 |  |  | 107 |
Impairments |  | 197 |  |  | 727 |
Net losses on OREO sales |  | 12 |  |  | 80 |
Rental income |  | (10 | ) |  | (5 | )
Total |  | $ | 418 |  |  | $ | 1,004 |

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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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