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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2020
Repossessed Assets [Abstract] |
Other Real Estate Owned | OTHER REAL ESTATE OWNED Information with respect to the Company’s other real estate owned follows:
Year Ended December 31, | 2020 |  | 2019 |  | 2018
Balance at beginning of year | $ | 8.5 |  |  | $ | 14.4 |  |  | $ | 10.1 |
OREO acquired through acquisitions | — |  |  | 2.4 |  |  | 0.6 |
Additions | 3.3 |  |  | 14.1 |  |  | 12.1 |
Capitalized improvements | — |  |  | 0.3 |  |  | — |
Valuation adjustments | (0.1) |  |  | (0.9) |  |  | (0.1) |
Dispositions | (9.2) |  |  | (21.8) |  |  | (8.3) |
Balance at end of year | $ | 2.5 |  |  | $ | 8.5 |  |  | $ | 14.4 |
Write-downs of $0.1 million, $0.9 million, and $0.1 million during 2020, 2019, and 2018, respectively, were adjustments based on internal evaluations and other sources, including management estimates of the current fair value of properties, and adjustments directly related to receipt of updated appraisals. The carrying value of foreclosed residential real estate properties included in other real estate owned was zero as of December 31, 2020 and $2.3 million as of December 31, 2019. The Company had recorded investments in consumer mortgage loans secured by residential real estate for which formal foreclosure proceedings were in process of foreclosure of $0.2 million and $0.4 million as of December 31, 2020 and December 31, 2019, respectively.

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522 + Details
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