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Other Real Estate Owned
 9 Months Ended
Sep. 30, 2018
Real Estate [Abstract]  
Other Real Estate Owned

Note 7. Other Real Estate Owned

 

The activity within Other Real Estate Owned (“OREO”) for the three and nine months ended September 30, 2018 and 2017 is presented in the table below. There were no residential real estate loans in the process of foreclosure as of September 30, 2018. For the three and nine months ended September 30, 2018, there were no sales of OREO property. For the three months ended September 30, 2017, proceeds on sale of OREO were $1.2 million from the sale of two OREO properties with a total carrying value of $1.1 million resulting in a net gain of $60 thousand. For the nine months ended September 30, 2017, proceeds on sale of OREO were $2.1 million from the sale of three OREO properties with a total carrying value of $2.5 million resulting in a net loss of $301 thousand.

 

    Three Months Ended September 30,     Nine Months Ended September 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     —       1,145       —       1,145  
Properties sold     —       (1,145 )     —       (2,445 )
Ending balance   $ 1,394     $ 1,394     $ 1,394     $ 1,394