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Other Real Estate and Repossessed Assets (Tables)
3 Months Ended
Mar. 31, 2016
Other Real Estate [Abstract]  
Schedule of summary of real estate and other assets acquired in settlement of loans
    March 31,     December 31,  
(in thousands)   2016     2015  
Commercial   $ 1,444     $ 1,445  
Real estate construction - commercial     12,380       12,380  
Real estate mortgage - residential     835       477  
Real estate mortgage - commercial     4,037       4,923  
Total   $ 18,696     $ 19,225  
Less valuation allowance for other real estate owned     (3,225 )     (3,233 )
Total other real estate and repossessed assets   $ 15,471     $ 15,992  

 

Schedule of changes in the net carrying amount of other real estate owned and repossessed assets
    Three Months Ended March 31,  
    2016     2015  
Balance at beginning of period   $ 19,225     $ 15,140  
Additions     742       603  
Proceeds from sales     (1,274 )     (883 )
Charge-offs against the valuation allowance for other real estate owned, net     (46 )     (16 )
Net gain on sales     49       140  
Total other real estate and repossessed assets   $ 18,696     $ 14,984  
Less valuation allowance for other real estate owned     (3,225 )     (3,233 )
Balance at end of period   $ 15,471     $ 11,751  
Schedule of summary of activity in valuation allowance for other real estate owned in settlement of loans
    Three Months Ended March 31,  
(in thousands)   2016     2015  
Balance, beginning of period   $ 3,233     $ 3,255  
Provision for other real estate owned     38       (6 )
Charge-offs     (46 )     (16 )
Balance, end of period   $ 3,225     $ 3,233