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v3.20.1

Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2020
Other Real Estate Owned [Abstract] |
Activity for Other Real Estate Owned | Activity for other real estate owned was as follows:
|  | Three Months Ended March 31 |
(in thousands) |  | 2020 |  |  | 2019 |
Beginning balance of other real estate owned |  | $ | 19,480 |  |  | $ | 27,273 |
New assets acquired |  |  | 1,625 |  |  |  | 854 |
Fair value adjustments |  |  | (458 | ) |  |  | (447 | )
Sale of assets |  |  | (831 | ) |  |  | (2,710 | )
Ending balance of other real estate owned |  | $ | 19,816 |  |  | $ | 24,970 |
Major Classifications of Foreclosed Properties | The major classifications of foreclosed properties are shown in the following table:
(in thousands) |  | March 31, 2020 |  |  | December 31, 2019 |
1-4 family |  | $ | 4,158 |  |  | $ | 3,630 |
Agricultural/farmland |  |  | 0 |  |  |  | 0 |
Construction/land development/other |  |  | 10,197 |  |  |  | 10,211 |
Multifamily |  |  | 88 |  |  |  | 88 |
Non-farm/non-residential |  |  | 5,373 |  |  |  | 5,551 |
Total foreclosed properties |  | $ | 19,816 |  |  | $ | 19,480 |

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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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