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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2016
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties



 

 

 

 



 

 

 

 

(in thousands)

2016

2015

Commercial real estate

$

 3,803 

$

 1,520 

Acquisition and development

 

 5,944 

 

 4,167 

Residential mortgage

 

 1,163 

 

 1,196 

                 Total OREO

$

 10,910 

$

 6,883 



Other Real Estate, Roll Forward



 

 

 

 

(in thousands)

2016

2015

Balance January 1

$

 4,430 

$

 3,440 

Fair value write-down

 

 486 

 

 1,997 

Sales of OREO

 

 (1,381)

 

 (1,007)

Balance December 31

$

 3,535 

$

 4,430 



Schedule of Components of OREO

The following table presents the components of OREO expenses, net for the years ended December 31, 2016 and 2015:







 

 

 

 



 

(in thousands)

2016

2015

Gains on real estate, net

$

 (189)

$

 (753)

Fair value write-down

 

 486 

 

 1,997 

Expenses, net

 

 603 

 

 885 

Rental and other income

 

 (98)

 

 (230)

    Total OREO expenses, net

$

 802 

$

 1,899