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v3.19.1

Other Real Estate and Repossessed Assets Acquired in Settlement of Loans (Tables) | 12 Months Ended
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Dec. 31, 2018
Other Real Estate and Repossessed Assets Acquired in Settlement of Loans |
Schedule of summary of real estate and other assets acquired in settlement of loans |
(in thousands) |  | 2018 |  | 2017
Commercial |  | $ | 1,168 |  | $ | 727
Real estate construction - residential |  |  | 179 |  |  | —
Real estate construction - commercial |  |  | 12,101 |  |  | 12,380
Real estate mortgage - residential |  |  | 336 |  |  | 382
Real estate mortgage - commercial |  |  | 2,909 |  |  | 2,909
Repossessed assets |  |  | — |  |  | 5
Total |  | $ | 16,693 |  | $ | 16,403
Less valuation allowance for other real estate owned |  |  | (3,002) |  |  | (3,221)
Total other real estate and repossessed assets |  | $ | 13,691 |  | $ | 13,182
Schedule of changes in the net carrying amount of other real estate owned and repossessed assets |
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
Balance at December 31, 2017 |  |  | 16,403
Additions |  |  | 1,106
Proceeds from sales |  |  | (585)
Charge-offs against the valuation allowance for other real estate owned, net |  |  | (245)
Net gain on sales |  |  | 14
Total other real estate and repossessed assets |  | $ | 16,693
Less valuation allowance for other real estate owned |  |  | (3,002)
Balance at December 31, 2018 |  | $ | 13,691
Schedule of summary of activity in valuation allowance for other real estate owned |
(in thousands) |  | 2018 |  | 2017 |  | 2016
Balance, beginning of period |  | $ | 3,221 |  | $ | 3,129 |  | $ | 3,233
Provision for other real estate owned |  |  | 26 |  |  | 284 |  |  | 213
Charge-offs |  |  | (245) |  |  | (192) |  |  | (317)
Balance, end of period |  | $ | 3,002 |  | $ | 3,221 |  | $ | 3,129

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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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