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Other Real Estate and Repossessed Assets (Tables)

9 Months Ended

Sep. 30, 2017

Other Real Estate [Abstract]

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

		September 30,				December 31,
(in thousands)		2017				2016
Commercial		$	727			$	809
Real estate construction - commercial			12,380				12,380
Real estate mortgage - residential			363				647
Real estate mortgage - commercial			2,909				3,439
Repossessed assets			0				16
Total		$	16,379			$	17,291
Less valuation allowance for other real estate owned			(3,202	)			(3,129	)
Total other real estate and repossessed assets		$	13,177			$	14,162

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,
		2017				2016				2017				2016
Balance at beginning of period		$	16,530			$	18,462			$	17,291			$	19,225
Additions			62				386				217				2,020
Proceeds from sales			(217	)			(1,214	)			(1,001	)			(3,613	)
Charge-offs against the valuation allowance for other real estate owned, net			0				(48	)			(170	)			(149	)
Net gain on sales			4				112				42				215
Total other real estate and repossessed assets		$	16,379			$	17,698			$	16,379			$	17,698
Less valuation allowance for other real estate owned			(3,202	)			(3,260	)			(3,202	)			(3,260	)
Balance at end of period		$	13,177			$	14,438			$	13,177			$	14,438

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)		2017				2016				2017				2016
Balance, beginning of period		$	3,174			$	3,208			$	3,129			$	3,233
Provision for other real estate owned			28				100				243				176
Charge-offs			0				(48	)			(170	)			(149	)
Balance, end of period		$	3,202			$	3,260			$	3,202			$	3,260