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v3.20.1

Other Real Estate and Repossessed Assets Acquired in Settlement of Loans (Tables) | 12 Months Ended
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Dec. 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 |
(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 |  |  | 230 |  |  | 336
Real estate mortgage - commercial |  |  | 2,799 |  |  | 2,909
Total |  | $ | 15,737 |  | $ | 16,693
Less valuation allowance for other real estate owned |  |  | (2,956) |  |  | (3,002)
Total other real estate owned |  | $ | 12,781 |  | $ | 13,691
Schedule of changes in the net carrying amount of other real estate owned and repossessed assets |
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
Balance at December 31, 2018 |  | 16,693
Additions |  | 452
Proceeds from sales |  | (1,435)
Charge-offs against the valuation allowance for other real estate owned, net |  | (95)
Net gain on sales |  | 122
Total other real estate owned | $ | 15,737
Less valuation allowance for other real estate owned |  | (2,956)
Balance at December 31, 2019 | $ | 12,781
Schedule of summary of activity in valuation allowance for other real estate owned |
(in thousands) |  | 2019 |  | 2018 |  | 2017
Balance, beginning of period |  | $ | 3,002 |  | $ | 3,221 |  | $ | 3,129
Provision for other real estate owned |  |  | 49 |  |  | 26 |  |  | 284
Charge-offs |  |  | (95) |  |  | (245) |  |  | (192)
Balance, end of period |  | $ | 2,956 |  | $ | 3,002 |  | $ | 3,221

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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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