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v3.19.1

Other Real Estate and Repossessed Assets Acquired in Settlement of Loans (Tables) | 3 Months Ended
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Mar. 31, 2019
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 |
|  | March 31, |  | December 31,
(in thousands) |  | 2019 |  | 2018
Commercial |  | $ | 1,168 |  | $ | 1,168
Real estate construction - residential |  |  | — |  |  | 179
Real estate construction - commercial |  |  | 11,999 |  |  | 12,101
Real estate mortgage - residential |  |  | 453 |  |  | 336
Real estate mortgage - commercial |  |  | 2,909 |  |  | 2,909
Total |  | $ | 16,529 |  | $ | 16,693
Less valuation allowance for other real estate owned |  |  | (2,992) |  |  | (3,002)
Total other real estate owned |  | $ | 13,537 |  | $ | 13,691
Schedule of changes in the net carrying amount of other real estate owned and repossessed assets |
|  | Three Months Ended March 31, |
|  | 2019 |  | 2018 |
Balance at beginning of period |  | $ | 16,693 |  | $ | 16,403 |
Additions |  |  | 116 |  |  | 278 |
Proceeds from sales |  |  | (248) |  |  | (224) |
Charge-offs against the valuation allowance for other real estate owned, net |  |  | (38) |  |  | (195) |
Net gain on sales |  |  | 6 |  |  | 2 |
Total other real estate owned |  | $ | 16,529 |  | $ | 16,264 |
Less valuation allowance for other real estate owned |  |  | (2,992) |  |  | (3,025) |
Balance at end of period |  | $ | 13,537 |  | $ | 13,239 |
Schedule of summary of activity in valuation allowance for other real estate owned |
|  | Three Months Ended March 31, |  |
(in thousands) |  | 2019 |  | 2018 |  |
Balance, beginning of period |  | $ | 3,002 |  | $ | 3,221 |  |
Provision for other real estate owned |  |  | 28 |  |  | (1) |  |
Charge-offs |  |  | (38) |  |  | (195) |  |
Balance, end of period |  | $ | 2,992 |  | $ | 3,025 |  |

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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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- 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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