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Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2018
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties Comprising OREO

The following table presents the components of OREO at March 31, 2018 and December 31, 2017:







 

 

 

 

(in thousands)

March 31, 2018

December 31, 2017

Commercial real estate

$

 4,207 

$

 3,605 

Acquisition and development

 

 4,283 

 

 5,295 

Commercial and industrial

 

 24 

 

 24 

Residential mortgage

 

 1,000 

 

 1,217 

                 Total OREO

$

 9,514 

$

 10,141 



Other Real Estate, Roll Forward

The following table presents the activity in the OREO valuation allowance for the three-month periods ended March 31, 2018 and 2017:













 

 

 

 



For the Three Months Ended



March 31,

(in thousands)

2018

2017

Balance beginning of period

$

 2,740 

$

 3,535 

Fair value write-down

 

 295 

 

 70 

Sales of OREO

 

 (124)

 

 (289)

     Balance at end of period

$

 2,911 

$

 3,316 



Schedule of Components of Other Real Estate Owned Expense

The following table presents the components of OREO expenses, net, for the three-month periods ended March 31, 2018 and 2017:







 

 

 

 



For the Three Months Ended



March 31,

(in thousands)

2018

2017

Gains on real estate, net

$

 (20)

$

 (30)

Fair value write-down, net

 

 295 

 

 70 

Expenses, net

 

 148 

 

 169 

Rental and other income

 

 (38)

 

 (35)

    Total OREO expense, net

$

 385 

$

 174