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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2019
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)
  
2019
    
2018
  
Beginning balance of other real estate owned
  
$
27,273
    
$
31,996
  
New assets acquired
    
3,384
      
5,459
  
Fair value adjustments
    
(4,253
)
    
(2,530
)
Sale of assets
    
(6,924
)
    
(7,652
)
Ending balance of other real estate owned
  
$
19,480
    
$
27,273
  


Carrying costs and fair value adjustments associated with foreclosed properties were $5.5 million, $4.3 million, and $4.5 million for 2019, 2018, and 2017, 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
  
2019
    
2018
  
1-4 family
  
$
3,630
    
$
5,253
  
Construction/land development/other
    
10,211
      
15,017
  
Multifamily
    
88
      
88
  
Non-farm/non-residential
    
5,551
      
6,915
  
Total foreclosed properties
  
$
19,480
    
$
27,273