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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2019
Other Real Estate Owned [Abstract]  
Schedule of Real Estate Properties Comprising OREO



 

 

 

 

 

 



 

 

 

 

 

 

(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 



Other Real Estate, Roll Forward



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

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 



Schedule of Components of OREO Expenses, Net



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

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