XML 35 R24.htm IDEA: XBRL DOCUMENT

Other Real Estate and Repossessed Assets Acquired in Settlement of Loans (Tables)

6 Months Ended

Jun. 30, 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


		June 30,			December 31,
(in thousands)		2019			2018
Commercial		$	1,155		$	1,168
Real estate construction - residential			—			179
Real estate construction - commercial			11,553			12,101
Real estate mortgage - residential			487			336
Real estate mortgage - commercial			2,871			2,909
Total		$	16,066		$	16,693
Less valuation allowance for other real estate owned			(2,956)			(3,002)
Total other real estate owned		$	13,110		$	13,691

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


		Three Months Ended June 30,						Six Months Ended June 30,
		2019			2018			2019			2018
Balance at beginning of period		$	16,529		$	16,459		$	16,693		$	16,598
Additions			227			104			343			382
Proceeds from sales			(677)			(80)			(925)			(304)
Charge-offs against the valuation allowance for other real estate owned, net			(26)			(30)			(64)			(225)
Net gain on sales			13			—			19			2
Total other real estate owned		$	16,066		$	16,453		$	16,066		$	16,453
Less valuation allowance for other real estate owned			(2,956)			(3,022)			(2,956)			(3,022)
Balance at end of period		$	13,110		$	13,431		$	13,110		$	13,431

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


		Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)		2019			2018			2019			2018
Balance, beginning of period		$	2,992		$	3,025		$	3,002		$	3,221
Provision for other real estate owned			(10)			27			18			26
Charge-offs			(26)			(30)			(64)			(225)
Balance, end of period		$	2,956		$	3,022		$	2,956		$	3,022