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Note 5: Other Real Estate Owned: Schedule of Major Classifications of Foreclosed Assets (Tables)
12 Months Ended
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