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Foreclosed Real Estate

12 Months Ended

Dec. 31, 2019

Foreclosed Real Estate [Abstract]

Foreclosed Real Estate

NOTE 9 — FORECLOSED REAL ESTATE

The following tables present the activity related to foreclosed real estate for the years ended December 31, 2019, 2018 and 2017:

	Year Ended December 31,
	2019			2018			2017
		(In thousands)
Balance at beginning of year	$	33,768		$	44,174		$	47,520
Decline in value		(4,762)			(5,757)			(6,560)
Additions		21,545			20,011			22,812
Sales		(20,642)			(24,660)			(19,598)
Balance at end of year	$	29,909		$	33,768		$	44,174

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- References

No definition available.

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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

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