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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 31, 2015
Other Real Estate Owned [Abstract] |
Activity for Other Real Estate Owned | Activity for other real estate owned was as follows:
(in thousands) |  | 2015 |  |  | 2014 |
Beginning balance of other real estate owned |  | $ | 36,776 |  |  | $ | 39,188 |
New assets acquired |  |  | 18,850 |  |  |  | 12,199 |
Capitalized costs |  |  | 85 |  |  |  | 0 |
Fair value adjustments |  |  | (1,656 | ) |  |  | (1,730 | )
Sale of assets |  |  | (13,381 | ) |  |  | (12,881 | )
Ending balance of other real estate owned |  | $ | 40,674 |  |  | $ | 36,776 |
Major Classifications of Foreclosed Properties | The major classifications of foreclosed properties are shown in the following table:
(in thousands) December 31 |  | 2015 |  |  | 2014 |
1-4 family |  | $ | 7,493 |  |  | $ | 10,337 |
Agricultural/farmland |  |  | 116 |  |  |  | 116 |
Construction/land development/other |  |  | 22,570 |  |  |  | 18,735 |
Multifamily |  |  | 833 |  |  |  | 1,289 |
Non-farm/non-residential |  |  | 9,662 |  |  |  | 6,299 |
Total foreclosed properties |  | $ | 40,674 |  |  | $ | 36,776 |

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- Definition Tabular disclosure of major classifications of foreclosed properties. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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