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Note 5: Other Real Estate Owned: Schedule of Major Classifications of Foreclosed Assets (Tables) | 12 Months Ended
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Dec. 31, 2019
Tables/Schedules |
Schedule of Major Classifications of Foreclosed Assets |
|  | 2019 |  |  | 2018
|  | (In Thousands)
Foreclosed assets held for sale and repossessions |  |  |  |  |
One- to four-family construction | $ | — |  | $ | —
Subdivision construction |  | 689 |  |  | 1,092
Land development |  | 1,816 |  |  | 3,191
Commercial construction |  | — |  |  | —
One- to four-family residential |  | 601 |  |  | 269
Other residential |  | — |  |  | —
Commercial real estate |  | — |  |  | —
Commercial business |  | — |  |  | —
Consumer |  | 545 |  |  | 928
|  | 3,651 |  |  | 5,480
Acquired foreclosed assets no longer covered by |  |  |  |  |
FDIC loss sharing agreements, net of discounts |  | — |  |  | 167
Acquired foreclosed assets not covered by FDIC |  |  |  |  |
loss sharing agreements, net of discounts (Valley Bank) |  | 1,003 |  |  | 1,234
Foreclosed assets held for sale and repossessions, net |  | 4,654 |  |  | 6,881
Other real estate owned not acquired through foreclosure |  | 871 |  |  | 1,559
Other real estate owned and repossessions | $ | 5,525 |  | $ | 8,440

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