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Other Real Estate Owned (Tables)
 6 Months Ended
Jun. 30, 2018
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties Comprising OREO

The following table presents the components of other real estate owned (“OREO”) at June 30, 2018 and December 31, 2017:







 

 

 

 

(in thousands)

June 30, 2018

December 31, 2017

Commercial real estate

$

 3,657 

$

 3,605 

Acquisition and development

 

 4,033 

 

 5,295 

Commercial and industrial

 

 24 

 

 24 

Residential mortgage

 

 789 

 

 1,217 

                 Total OREO

$

 8,503 

$

 10,141 



Other Real Estate, Roll Forward

The following table presents the activity in the OREO valuation allowance for the six- and three-month periods ended June 30, 2018 and 2017:













 

 

 

 

 

 

 

 



For the Six Months Ended

For the Three Months Ended



June 30,

June 30,

(in thousands)

2018

2017

2018

2017

Balance beginning of period

$

 2,740 

$

 3,535 

$

 2,911 

$

 3,316 

Fair value write-down

 

 478 

 

 93 

 

 183 

 

 23 

Sales of OREO

 

 (271)

 

 (396)

 

 (147)

 

 (107)

     Balance at end of period

$

 2,947 

$

 3,232 

$

 2,947 

$

 3,232 



Schedule of Components of Other Real Estate Owned Expense

The following table presents the components of OREO expenses, net, for the six- and three-month periods ended June 30, 2018 and 2017:







 

 

 

 

 

 

 

 



For the Six Months Ended

For the Three Months Ended



June 30,

June 30,

(in thousands)

2018

2017

2018

2017

Gains on real estate, net

$

 (183)

$

 (74)

$

 (163)

$

 (44)

Fair value write-down, net

 

 478 

 

 93 

 

 183 

 

 23 

Expenses, net

 

 272 

 

 279 

 

 124 

 

 110 

Rental and other income

 

 (74)

 

 (86)

 

 (36)

 

 (51)

    Total OREO expense, net

$

 493 

$

 212 

$

 108 

$

 38