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Other Real Estate Acquired in Settlement of Loans (Tables)

3 Months Ended

Mar. 31, 2021

Other Real Estate 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)	​	2021			2020
Commercial	​	$	920	​	$	920
Real estate construction - residential	​		—	​		—
Real estate construction - commercial	​		10,987	​		10,986
Real estate mortgage - residential	​		137	​		201
Real estate mortgage - commercial	​		2,798	​		2,798
Total	​	$	14,842	​	$	14,905
Less valuation allowance for other real estate owned	​		(2,702)	​		(2,614)
Total other real estate owned	​	$	12,140	​	$	12,291

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

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended March 31,					​
​		2021			2020
Balance at beginning of period	​	$	14,905	​	$	15,737	​
Additions	​	​	30	​	​	—	​
Proceeds from sales	​	​	(108)	​	​	—	​
Charge-offs against the valuation allowance for other real estate owned, net	​	​	—	​	​	—	​
Net gain on sales	​	​	15	​	​	—	​
Total other real estate owned	​	$	14,842	​	$	15,737	​
Less valuation allowance for other real estate owned	​	​	(2,702)	​	​	(2,968)	​
Balance at end of period	​	$	12,140	​	$	12,769	​
​	​	​	​	​	​	​	​

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

​

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
(in thousands)		2021			2020
Balance, beginning of period	​	$	2,614	​	$	2,956
Provision for other real estate owned	​		88	​		12
Charge-offs	​		—	​		—
Balance, end of period	​	$	2,702	​	$	2,968
​	​	​	​	​	​	​

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- Definition

Real estate owned valuation allowance.

+ 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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- References

No definition available.

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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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