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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2018
Other Real Estate Owned [Abstract]  
Other Real Estate Owned
9.  Other Real Estate Owned

Activity for other real estate owned was as follows:

(in thousands)
 
2018
  
2017
 
Beginning balance of other real estate owned
 
$
31,996
  
$
35,856
 
New assets acquired
  
5,459
   
5,382
 
Fair value adjustments
  
(2,530
)
  
(3,034
)
Sale of assets
  
(7,652
)
  
(6,208
)
Ending balance of other real estate owned
 
$
27,273
  
$
31,996
 

Carrying costs and fair value adjustments associated with foreclosed properties were $4.3 million, $4.5 million, and $2.9 million for 2018, 2017, and 2016, respectively.  See note 1 for a description of our accounting policies relative to foreclosed properties and other real estate owned.

The major classifications of foreclosed properties are shown in the following table:

(in thousands)
December 31
 
2018
  
2017
 
1-4 family
 
$
5,253
  
$
5,908
 
Agricultural/farmland
  
0
   
68
 
Construction/land development/other
  
15,017
   
16,158
 
Multifamily
  
88
   
176
 
Non-farm/non-residential
  
6,915
   
9,686
 
Total foreclosed properties
 
$
27,273
  
$
31,996