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Other Real Estate Owned and Repossessions (Tables)

12 Months Ended

Dec. 31, 2020

Other Real Estate Owned and Repossessions

Schedule of Major classifications of other real estate owned

​

​	​	​	​	​	​	​
​		2020			2019
​	​	(In Thousands)
Foreclosed assets held for sale and repossessions		​			​
One- to four-family construction	​	$	—	​	$	—
Subdivision construction	​		263	​		689
Land development	​		250	​		1,816
Commercial construction	​		—	​		—
One- to four-family residential	​		111	​		601
Other residential	​		—	​		—
Commercial real estate	​		—	​		—
Commercial business	​		—	​		—
Consumer	​		153	​		545
​	​		777	​		3,651
​	​		​	​		​
Foreclosed assets related to FDIC acquisitions, net of discounts	​		446	​		1,003
​	​	​	​	​	​	​
Foreclosed assets held for sale and repossessions, net	​		1,223	​		4,654
​	​	​	​	​	​	​
Other real estate owned not acquired through foreclosure	​		654	​		871
​	​	​	​	​	​	​
Other real estate owned and repossessions	​	$	1,877	​	$	5,525

Schedule of Expenses Applicable to Foreclosed Assets

​

​	​	​	​	​	​	​	​	​	​
​		2020			2019			2018
​	​	(In Thousands)
​	​	​	​	​	​	​	​	​	​
Net gains on sales of other real estate owned and repossessions	​	$	(480)	​	$	(750)	​	$	(2,522)
Valuation write-downs	​		1,320	​		926	​		3,897
Operating expenses, net of rental income	​		1,183	​		2,008	​		3,544
​	​	​	​	​	​	​	​	​	​
​	​	$	2,023	​	$	2,184	​	$	4,919

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