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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2015
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties

 

 

 

 

 

 

 

 

 

 

(in thousands)

2015

2014

Commercial real estate

$

 1,520 

$

 1,772 

Acquisition and development

 

 4,167 

 

 9,263 

Residential mortgage

 

 1,196 

 

 1,897 

                Total OREO

$

 6,883 

$

 12,932 

 

Other Real Estate, Roll Forward

 

 

 

 

 

(in thousands)

2015

2014

Balance January 1

$

 3,440 

$

 4,047 

Fair value write-down

 

 1,997 

 

 920 

Sales of OREO

 

 (1,007)

 

 (1,527)

Balance December 31

$

 4,430 

$

 3,440 

 

Schedule of Components of OREO

The following table presents the components of OREO expenses, net for the years ended December 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

(in thousands)

2015

2014

(Gains)/losses on real estate, net

$

 (753)

$

 944 

Fair value write-down

 

 1,997 

 

 920 

Expenses, net

 

 885 

 

 789 

Rental and other income

 

 (230)

 

 (335)

   Total OREO expenses, net

$

 1,899 

$

 2,318