XML 35 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2017
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED
The following table presents the activity in other real estate owned for the periods indicated:
 
 
Year Ended December 31,
($ in thousands)
 
2017
 
2016
 
2015
Balance at beginning of year
 
$
2,502

 
$
1,097

 
$
423

Additions
 
3,086

 
3,269

 
1,598

Sales and net direct write-downs
 
(3,556
)
 
(1,833
)
 
(886
)
Net change in valuation allowance
 
(236
)
 
(31
)
 
(38
)
Balance at end of year
 
$
1,796

 
$
2,502

 
$
1,097


The following table presents the activity in the other real estate owned valuation allowance for the periods indicated:
 
 
Year Ended December 31,
($ in thousands)
 
2017
 
2016
 
2015
Balance at beginning of year
 
$
6

 
$
70

 
$
32

Additions
 
242

 
31

 
38

Net direct write-downs and removals from sale
 
(6
)
 
(95
)
 
—

Balance at end of year
 
$
242

 
$
6

 
$
70


The following table presents expenses related to foreclosed assets included in All Other Expense on the Consolidated Statements of Operations for the periods indicated:
 
 
Year Ended December 31,
($ in thousands)
 
2017
 
2016
 
2015
Net (loss) gain on sales
 
$
(48
)
 
$
(96
)
 
$
23

Operating expenses, net of rental income
 
(51
)
 
(108
)
 
—

Total
 
$
(99
)
 
$
(204
)
 
$
23


The Company did not provide loans to finance the purchase of its OREO properties during the years ended December 31, 2017, 2016 or 2015.