XML 54 R24.htm IDEA: XBRL DOCUMENT

Other Real Estate and Repossessed Assets (Tables)

6 Months Ended

Jun. 30, 2015

Other Real Estate [Abstract]

Summary of real estate and other assets acquired in settlement of loans

		June 30,				December 31,
(in thousands)		2015				2014
Real estate construction - residential		$	0			$	23
Real estate construction - commercial			9,831				9,831
Real estate mortgage - residential			447				417
Real estate mortgage - commercial			5,439				4,831
Repossessed assets			32				38
Total		$	15,749			$	15,140
Less valuation allowance for other real estate owned			(3,233	)			(3,255	)
Total other real estate and repossessed assets		$	12,516			$	11,885

Schedule of changes in the net carrying amount of other real estate owned and repossessed assets

		Three Months Ended June 30,								Six Months Ended June 30,
		2015				2014				2015				2014
Balance at beginning of period		$	14,984			$	18,696			$	15,140			$	19,542
Additions			914				46				1,517				305
Proceeds from sales			(153	)			(2,030	)			(1,036	)			(3,124	)
Charge-offs against the valuation allowance for other real estate owned			0				(1,488	)			(16	)			(1,644	)
Repossessed assets impairment write-downs			0				0				0				0
Net gain on sales			4				7				144				152
Total other real estate and repossessed assets		$	15,749			$	15,231			$	15,749			$	15,231
Less valuation allowance for other real estate owned			(3,233	)			(3,205	)			(3,233	)			(3,205	)
Balance at end of period		$	12,516			$	12,026			$	12,516			$	12,026

Summary of activity in valuation allowance for other real estate owned in settlement of loans

		Three Months Ended June 30,								Six Months Ended June 30,
*(in thousands)*		2015				2014				2015				2014
Balance, beginning of period		$	3,233			$	4,642			$	3,255			$	4,675
Provision for other real estate owned			0				51				(6	)			174
Charge-offs			0				(1,488	)			(16	)			(1,644	)
Balance, end of period		$	3,233			$	3,205			$	3,233			$	3,205