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Other Real Estate and Repossessed Assets (Tables)

9 Months Ended

Sep. 30, 2016

Other Real Estate [Abstract]

Schedule of summary of real estate and other assets acquired in settlement of loans

		September 30,				December 31,
(in thousands)		2016				2015
Commercial		$	831			$	1,445
Real estate construction - commercial			12,380				12,380
Real estate mortgage - residential			1,020				477
Real estate mortgage - commercial			3,439				4,923
Repossessed assets			28				0
Total		$	17,698			$	19,225
Less valuation allowance for other real estate owned			(3,260	)			(3,233	)
Total other real estate and repossessed assets		$	14,438			$	15,992

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

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Balance at beginning of period		$	18,462			$	15,749			$	19,225			$	15,140
Additions			386				3,032				2,020				4,549
Proceeds from sales			(1,214	)			(407	)			(3,613	)			(1,443	)
Charge-offs against the valuation allowance for other real estate owned, net			(48	)			0				(149	)			(16	)
Net gain on sales			112				7				215				151
Total other real estate and repossessed assets		$	17,698			$	18,381			$	17,698			$	18,381
Less valuation allowance for other real estate owned			(3,260	)			(3,233	)			(3,260	)			(3,233	)
Balance at end of period		$	14,438			$	15,148			$	14,438			$	15,148

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

		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2016				2015				2016				2015
Balance, beginning of period		$	3,208			$	3,233			$	3,233			$	3,255
Provision for other real estate owned			100				0				176				(6	)
Charge-offs			(48	)			0				(149	)			(16	)
Balance, end of period		$	3,260			$	3,233			$	3,260			$	3,233