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Other Real Estate and Repossessed Assets Acquired in Settlement of Loans (Tables)
12 Months Ended
Dec. 31, 2017
Other Real Estate [Abstract]  
Schedule of summary of real estate and other assets acquired in settlement of loans
(in thousands)
2017
2016
Commercial $ 727 $ 809
Real estate construction - commercial 12,380 12,380
Real estate mortgage - residential 382 647
Real estate mortgage - commercial 2,909 3,439
Repossessed assets 5 16
Total $ 16,403 $ 17,291
Less valuation allowance for other real estate owned (3,221) (3,129)
Total other real estate owned and repossessed assets
$ 13,182 $ 14,162
Schedule of changes in the net carrying amount of other real estate owned and repossessed assets
Balance at December 31, 2015
$ 19,225
Additions 2,233
Proceeds from sales (4,057)
Charge-offs against the valuation allowance for other real estate owned, net (317)
Net gain on sales 207
Balance at December 31, 2016
$ 17,291
Additions 374
Proceeds from sales (1,115)
Charge-offs against the valuation allowance for other real estate owned, net (192)
Net gain on sales 45
Total other real estate owned and repossessed assets $ 16,403
Less valuation allowance for other real estate owned (3,221)
Balance at December 31, 2017
$ 13,182
Schedule of summary of activity in valuation allowance for other real estate owned in settlement of loans
(in thousands)
   
2017
   
2016
   
2015
 
Balance, beginning of year
      $ 3,129         $ 3,233         $ 3,255    
Provision for other real estate owned         284           213           17    
Charge-offs         (192)           (317)           (39)    
Balance, end of year
      $ 3,221         $ 3,129         $ 3,233