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Other Real Estate Owned
12 Months Ended
Dec. 31, 2017
Other Real Estate [Abstract]  
Other Real Estate Owned

NOTE 5 — OTHER REAL ESTATE OWNED

Other real estate owned activity was as follows:

 

 

Years Ended December 31,

 

(Dollars in thousands)

 

2017

 

 

2016

 

 

2015

 

Beginning balance

 

$

6,077

 

 

$

5,177

 

 

$

8,423

 

Acquired through business acquisition

 

 

2,282

 

 

 

2,962

 

 

 

 

Loans transferred to OREO

 

 

6,585

 

 

 

470

 

 

 

743

 

Premises transferred to OREO

 

 

276

 

 

 

2,215

 

 

 

 

Net OREO gains (losses) and valuation adjustments

 

 

(850

)

 

 

(1,427

)

 

 

(108

)

Sales of OREO

 

 

(5,179

)

 

 

(3,320

)

 

 

(3,881

)

Ending balance

 

$

9,191

 

 

$

6,077

 

 

$

5,177