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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2019
Other Real Estate Owned [Abstract] |
Activity for Other Real Estate Owned | Activity for other real estate owned was as follows:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Beginning balance of other real estate owned |  | $ | 22,536 |  |  | $ | 30,262 |  |  | $ | 27,273 |  |  | $ | 31,996 |
New assets acquired |  |  | 647 |  |  |  | 849 |  |  |  | 1,889 |  |  |  | 3,692 |
Fair value adjustments |  |  | (2,173 | ) |  |  | (670 | ) |  |  | (3,311 | ) |  |  | (1,990 | )
Sale of assets |  |  | (1,177 | ) |  |  | (775 | ) |  |  | (6,018 | ) |  |  | (4,032 | )
Ending balance of other real estate owned |  | $ | 19,833 |  |  | $ | 29,666 |  |  | $ | 19,833 |  |  | $ | 29,666 |
Major Classifications of Foreclosed Properties | The major classifications of foreclosed properties are shown in the following table:
(in thousands) |  | September 30 2019 |  |  | December 31 2018 |
1-4 family |  | $ | 3,204 |  |  | $ | 5,253 |
Agricultural/farmland |  |  | 0 |  |  |  | 0 |
Construction/land development/other |  |  | 11,323 |  |  |  | 15,017 |
Multifamily |  |  | 88 |  |  |  | 88 |
Non-farm/non-residential |  |  | 5,218 |  |  |  | 6,915 |
Total foreclosed properties |  | $ | 19,833 |  |  | $ | 27,273 |

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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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