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Other Real Estate Owned (Tables)
6 Months Ended
Jun. 30, 2018
Real Estate [Abstract]  
Schedule of activity of other real estate owned

The activity within Other Real Estate Owned (“OREO”) for the three and six months ended June 30, 2018 and 2017 is presented in the table below. There was one residential real estate loan in the process of foreclosure as of June 30, 2018 totaling $1.5 million. There were no residential real estate loans in the process of foreclosure as of June 30, 2017. For the three and six months ended June 30, 2018, there were no sales of OREO property, as compared to the same periods in 2017 which had one sale for a net loss of $361 thousand with proceeds of $939 thousand.

 

   Three Months Ended June 30,  Six Months Ended June 30,
(dollars in thousands)  2018  2017  2018  2017
Balance at January 1,  $1,394   $1,394   $1,394   $2,694 
Real estate acquired from borrowers                
Valuation allowance                
Properties sold               (1,300)
Ending balance  $1,394   $1,394   $1,394   $1,394