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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 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
December 31, 2020 |  |  |  |  |
Residential real estate | $ | 72 |  |  | $ | 107 |  |  | $ | 179 |
Commercial real estate | 1,741 |  |  | 924 |  |  | 2,665 |
Residential land development | 337 |  |  | 676 |  |  | 1,013 |
Commercial land development | 1,777 |  |  | 338 |  |  | 2,115 |
Total | $ | 3,927 |  |  | $ | 2,045 |  |  | $ | 5,972 |
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 OREO covered and not covered under a loss-share agreement | Changes in the Company’s purchased and non purchased OREO were as follows for the periods presented:
| Purchased OREO |  | Non Purchased OREO |  | Total OREO
Balance at December 31, 2018 | $ | 6,187 |  |  | $ | 4,853 |  |  | $ | 11,040 |
Transfers of loans | 2,287 |  |  | 2,477 |  |  | 4,764 |
Impairments | (890) |  |  | (375) |  |  | (1,265) |
Dispositions | (2,305) |  |  | (4,193) |  |  | (6,498) |
Other | (31) |  |  | — |  |  | (31) |
Balance at December 31, 2019 | $ | 5,248 |  |  | $ | 2,762 |  |  | $ | 8,010 |
Transfers of loans | 4,058 |  |  | 4,530 |  |  | 8,588 |
Impairments | (1,581) |  |  | (579) |  |  | (2,160) |
Dispositions | (3,747) |  |  | (4,668) |  |  | (8,415) |
Other | (51) |  |  | — |  |  | (51) |
Balance at December 31, 2020 | $ | 3,927 |  |  | $ | 2,045 |  |  | $ | 5,972 |
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, as of the dates presented:
| December 31,
| 2020 |  | 2019 |  | 2018
Repairs and maintenance | $ | 279 |  |  | $ | 326 |  |  | $ | 425 |
Property taxes and insurance | 364 |  |  | 343 |  |  | 385 |
Impairments | 2,160 |  |  | 1,265 |  |  | 1,545 |
Net (gains) losses on OREO sales | (23) |  |  | 94 |  |  | (423) |
Rental income | (26) |  |  | (15) |  |  | (40) |
Total | $ | 2,754 |  |  | $ | 2,013 |  |  | $ | 1,892 |

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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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