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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2014
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties

 

 

 

 

 

 

 

 

 

 

(in thousands)

2014

2013

Commercial real estate

$
1,772 

$
5,306 

Acquisition and development

 
9,263 

 
10,509 

Residential mortgage

 
1,897 

 
1,216 

                Total OREO

$
12,932 

$
17,031 

 

Other Real Estate, Roll Forward

 

 

 

 

 

(in thousands)

2014

2013

Balance January 1

$
4,047 

$
2,766 

Fair value write-down

 
920 

 
3,079 

Sales of OREO

 
(1,527)

 
(1,798)

Balance December 31

$
3,440 

$
4,047 

 

Schedule of Components of OREO

The following table presents the components of OREO expenses, net for the years ended December 31, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

2014

2013

Losses/(gains) on real estate, net

$
944 

$
(205)

Fair value write-down

 
920 

 
3,079 

Expenses, net

 
789 

 
665 

Rental and other income

 
(335)

 
(630)

   Total OREO expenses, net

$
2,318 

$
2,909