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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2017
Other Real Estate Owned [Abstract] |
Activity for Other Real Estate Owned | Activity for other real estate owned was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30 |  |  | September 30 |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Beginning balance of other real estate owned |  | $ | 32,785 |  |  | $ | 37,740 |  |  | $ | 35,856 |  |  | $ | 40,674 |
New assets acquired |  |  | 2,722 |  |  |  | 1,008 |  |  |  | 4,303 |  |  |  | 4,300 |
Capitalized costs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Fair value adjustments |  |  | (884 | ) |  |  | (408 | ) |  |  | (2,871 | ) |  |  | (632 | )
Sale of assets |  |  | (2,575 | ) |  |  | (675 | ) |  |  | (5,240 | ) |  |  | (6,677 | )
Ending balance of other real estate owned |  | $ | 32,048 |  |  | $ | 37,665 |  |  | $ | 32,048 |  |  | $ | 37,665 |
Major Classifications of Foreclosed Properties | The major classifications of foreclosed properties are shown in the following table:
(in thousands) |  | September 30 2017 |  |  | December 31 2016 |
1-4 family |  | $ | 5,117 |  |  | $ | 6,210 |
Agricultural/farmland |  |  | 68 |  |  |  | 93 |
Construction/land development/other |  |  | 16,620 |  |  |  | 20,778 |
Multifamily |  |  | 176 |  |  |  | 270 |
Non-farm/non-residential |  |  | 10,067 |  |  |  | 8,505 |
Total foreclosed properties |  | $ | 32,048 |  |  | $ | 35,856 |

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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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