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Other Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2019
Banking And Thrift [Abstract]  
Change in Other Real Estate Owned

The following table presents the change in other real estate owned (“OREO”) for the years ended December 31, 2019, 2018 and 2017:

 

 

 

2019

 

 

2018

 

 

2017

 

Beginning balance

 

$

5,041

 

 

$

10,626

 

 

$

16,570

 

Acquisition of OREO through business combination

 

 

2,201

 

 

 

 

 

 

 

Net additions to OREO

 

 

5,910

 

 

 

2,163

 

 

 

6,690

 

Proceeds from sales of OREO

 

 

(3,173

)

 

 

(7,495

)

 

 

(13,898

)

Gains on sales of OREO

 

 

428

 

 

 

383

 

 

 

2,147

 

Valuation adjustments

 

 

(511

)

 

 

(636

)

 

 

(883

)

Ending balance

 

$

9,896

 

 

$

5,041

 

 

$

10,626