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Other Real Estate Owned (Tables)
9 Months Ended
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