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Other Real Estate Acquired in Settlement of Loans (Tables)
12 Months Ended
Dec. 31, 2020
Other Real Estate Acquired in Settlement of Loans  
Schedule of summary of real estate and other assets acquired in settlement of loans

(in thousands)

2020

    

2019

Commercial

$

920

$

1,155

Real estate construction - commercial

 

10,986

 

11,553

Real estate mortgage - residential

 

201

 

230

Real estate mortgage - commercial

 

2,798

 

2,799

Total

$

14,905

$

15,737

Less valuation allowance for other real estate owned

 

(2,614)

 

(2,956)

Total other real estate owned

$

12,291

$

12,781

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

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

Balance at December 31, 2019

$

15,737

Additions

73

Proceeds from sales

(516)

Charge-offs against the valuation allowance for other real estate owned, net

(347)

Donation

(266)

Net gain on sales

 

224

Total other real estate owned

$

14,905

Less valuation allowance for other real estate owned

 

(2,614)

Balance at December 31, 2020

$

12,291

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

(in thousands)

    

2020

2019

2018

Balance, beginning of period

$

2,956

$

3,002

$

3,221

Provision for other real estate owned

5

49

26

Charge-offs

(347)

(95)

(245)

Balance, end of period

$

2,614

$

2,956

$

3,002