XML 88 R14.htm IDEA: XBRL DOCUMENT v3.19.3

Other Real Estate Owned

9 Months Ended

Sep. 30, 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 September 30, 2019 and December 31, 2018:







(in thousands)		September 30, 2019			December 31, 2018
Commercial real estate		$	1,311		$	2,599
Acquisition and development			2,690			3,218
Commercial and industrial			—			24
Residential mortgage			720			757
Total OREO		$	4,721		$	6,598



The following table presents the activity in the OREO valuation allowance for the nine- and three-month periods ended September 30, 2019 and 2018:







		Nine Months Ended						Three Months Ended
		September 30,						September 30,
(in thousands)		2019			2018			2019			2018
Balance beginning of period		$	1,988		$	2,740		$	2,013		$	2,947
Fair value write-down			1,140			656			312			179
Sales of OREO			(1,159)			(651)			(356)			(381)
Balance at end of period		$	1,969		$	2,745		$	1,969		$	2,745



The following table presents the components of OREO expenses, net, for the nine- and three-month periods ended September 30, 2019 and 2018:







		Nine Months Ended						Three Months Ended
		September 30,						September 30,
(in thousands)		2019			2018			2019			2018
Gains on real estate, net		$	(62)		$	(269)		$	(51)		$	(86)
Fair value write-down, net			1,140			656			312			179
Expenses, net			260			396			94			123
Rental and other income			(72)			(101)			(18)			(27)
Total OREO expense, net		$	1,266		$	682		$	337		$	189

X

- References

No definition available.

+ Details

Name:	us-gaap_RealEstateOwnedDisclosureOfDetailedComponentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522

+ Details

Name:	us-gaap_RealEstateOwnedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration