XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Other Real Estate Owned
 3 Months Ended
Mar. 31, 2019
Other Real Estate Owned [Abstract]  
Other Real Estate Owned

Note 6 - Other Real Estate Owned



The following table presents the components of other real estate owned (“OREO”) at March 31, 2019 and December 31, 2018:







 

 

 

 

(in thousands)

March 31, 2019

December 31, 2018

Commercial real estate

$

 2,083 

$

 2,599 

Acquisition and development

 

 3,137 

 

 3,218 

Commercial and industrial

 

 0 

 

 24 

Residential mortgage

 

 947 

 

 757 

                 Total OREO

$

 6,167 

$

 6,598 



The following table presents the activity in the OREO valuation allowance for the three-month periods ended March 31, 2019 and 2018:













 

 

 

 



For the Three months Ended



March 31,

(in thousands)

2019

2018

Balance beginning of period

$

 1,988 

$

 2,740 

Fair value write-down

 

 117 

 

 295 

Sales of OREO

 

 (739)

 

 (124)

     Balance at end of period

$

 1,366 

$

 2,911 



The following table presents the components of OREO expenses, net, for the three-month periods ended March 31, 2019 and 2018:







 

 

 

 



For the Three months Ended



March 31,

(in thousands)

2019

2018

Gains on real estate, net

$

 (30)

$

 (20)

Fair value write-down, net

 

 117 

 

 295 

Expenses, net

 

 75 

 

 148 

Rental and other income

 

 (19)

 

 (38)

    Total OREO expense, net

$

 143 

$

 385