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OREO (Tables)
12 Months Ended
Dec. 31, 2020
OREO.  
Summary of OREO Balances

    

As of December 31, 

    

2020

    

2019

Commercial

 

$

4,206

    

$

2,657

Residential

    

364

    

399

Other repossessed assets

 

1

 

1

Total OREO

$

4,571

$

3,057

Summary of activity related to OREO

The following table summarizes activity related to OREO (dollars in thousands):

    

Years Ended December 31, 

    

2020

    

2019

OREO:

 

Beginning balance

    

$

3,057

    

$

376

Additions, transfers from loans

 

2,867

 

4,872

Additions, fair value from acquisition

149

Sales of OREO

 

(1,282)

 

(2,277)

Capitalized improvements

2

Cash payments collected

 

(3)

 

(3)

Valuation allowance for OREO

(68)

(62)

Ending balance

$

4,571

$

3,057